Entrepreneurship on the Rise
Posted on Oct 02, 2012
Chris Farrell, economics editor for "Marketplace Money," wrote a recent column in the Minneapolis Star Tribune about how these turbulent economic times may drive a surge in entrepreneurship. One reason he thinks this is because of "the rise of locally based artisan businesses in communities in the Twin Cities, Minnesota and elsewhere. A growing number of local businesses are finding being an artisan offers a competitive edge."
Another point he makes is that after battling through the recession, a lot of people realized that they could be more in control when it comes to their cash flow. Instead of relying solely on one full-time job, people can start small side gigs that can help supplement part of their income should their main job fall through. This is also helping folks discover greater career satisfaction because they are able to channel their more creative side.
Farrell also notes that there are a number of programs on the federal, state and local level that exist to support small business owners. He gives an example of how the Small Business Administration backs SCORE, the Service Corps of Retired Executives.
Starting your own business can be a fantastic way to take control of your financial future and it also offers a great sense of accomplishment and purpose. If you are thinking of starting a small business—or you already have joined the entrepreneurial trend—download Attorney Chuck Roulet's free book, Be Your Own Boss: A Fast and Friendly Legal Guide to Starting Your Own Business.