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Economic Turmoil

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It’s not the $700 billion bank bailout. And no, it’s not the $787 billion American Recovery and Reinvestment Act of 2009. The real economic stimulus is … wait for it … the recession. That’s right, the Great Recession. This upside-down economy is creating entrepreneurial opportunities aplenty, so long as you can deal with a situation about as stable as a lava flow.

Results from Challenger, Gray & Christmas‘ job market index revealed that 8.7 percent of job seekers gained employment by starting their own businesses in second quarter 2009–way, way up from the record low of 2.7 percent during the last quarter of 2008.

Even in finance, confidence and risk tolerance are on the rise. IbisWorld, an industry market research firm, expects that after a great purge, loan brokerage services will see 40 percent growth in 2010.

Source : http://www.entrepreneur.com/trends/index.html

Posted by admin on May 9th, 2010 and filed under Trends. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site