AKSourceLink Blog

Lose a job, start a business?

Posted by Nolan Klouda on Sep 16, 2011

Several business commentators have noted a trend during the last few years: many people who've lost jobs are thinking about starting a business. Is this a good idea?

Even in the best of times, entrepreneurship is risky. Many small businesses fail, and the current economic climate means these difficulties are compounded. It's difficult to get a loan as banks have grown risk-averse, and sales prospects are weak. Despite this, some start-ups thrive even when the economy is in poor condition. 

What do you think? Leave us your thoughts.

For interesting exploration of this topic, check out this episode of Talk of the Nation on NPR.

1 Comment

  1. 1 Jeremy 22 Sep
    I think starting a small business can be a great opportunity for people that have lost their job after learning the "ins and outs" of their trade".  Entrepreneurs should arm themselves with all of the resources and knowledge available to help ensure success.  There are so many programs available through the AKSourceLink network that can help make sure an entrepreneur is fully armed to succeed!

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