This morning, CEO of SCORE (Service Corps Of Retired Executives) was on Fox Business on their “Startup Summer” segment and was discussing the economy in general and talked about the concept of the “Unintentional Entrepreneur” and mentioned the new blog by Network Solutions and Outright.com which just launched that you can check out here.
I like the term “Unintentional Entrepreneur” and while it is a mouthful it is a very accurate thing that occurs during a recession. Many people are laid off and find it difficult to find a new job. They might find themselves either overqualified for the available jobs, suffer from silent discrimination (we can find someone cheaper and younger) or realize they require a massive amount of retraining to be competitive with the current job market.
People may feel that this a place they never wanted to be and they must go out on their own and cobble together projects to pay the bills and keep their skills sharp. I used to call this being an “entrepreneur-by-force” instead of being an “entrepreneur-by-choice” but more and more people find themselves in this position during the current economic downturn.
Some are terrified and are desperate to find a new job while others see this as a wake up call to start the business they have always wanted to start. Remember, recessions are actually the best time to start a business because if you can make it work when things are bad, you can easily grow during the good times. Plus, you can get deals from vendors that you couldn’t get during a booming economy. Don’t forget that in today’s web world, technology costs have plummeted and the tools and resources to get you running are low-cost and incredibly powerful.
So why don’t you watch Ken’s chat with FBN and leave a comment on this new trend.
Tags: Ken Yancey, Outright, SCORE, Unintentional Entrepreneur
Posted in Entrepreneurs, Interviews, small business | View Comments
