Mar
6
2009
Bad times spawn great start-ups
Old Article but still makes alot of sense, especially in todays economy!
Contrary to popular wisdom, business start-ups soar when the economy sours. That’s because laid-off workers like Disney and restless employees like Diamond and Lamb, convinced they’ve got great ideas, pursue self-employment and benefit as start-up costs tumble. That boosts the entire economy, because small businesses create 75% of new jobs and usually lead the USA out of hard times.
via USATODAY.com – Bad times spawn great start-ups.
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