Diving economy stokes the “inner entrepreneur”
The silver lining in the seriously diving economy is that it is apparently spurring entrepreneurship. Discouraged by the shrinking job market, many laid-off workers and new graduates are turning serious attention to building their own business plans. Indeed, many governments hope that this forced injection of talent and ideas into the entrepreneurial ecosystem can help turn their economies around as some of these new start-ups succeed.
Many among this wave of start-ups are taking full advantage of the maturing Internet to market their ideas and find partners, suppliers and customers. Increasingly, these start-ups are also leveraging on the rise of web-based services to manage core operational functions efficiently and cheaply. Everything from setting up your office IT network to invoicing and managing your books can now be managed easily and effectively through the web.
A recent New York Times article gives an interesting anecdotal view of this trend of forced entrepreneurship in the United States.
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