According to a June 2009 study by the Ewing Marion Kauffman Foundation, challenging economic times can serve as the rebirth of entrepreneurial capitalism. This in turn can lead to the creation of new jobs.
The study, “The Economic Future Just Happened,” by Dane Strangler found that more than half of the companies on the 2009 Fortune 500 list were launched during a recession or bear market
Many entrepreneurs view unemployment as an opportunity to start a company, and use the advantage provided by the ability to tap into a larger pool of potential employees.
The study points out that while recessions often create widespread economic woes, they also can encourage potential entrepreneurs.
Is this your time to act?