Worst of Times May Mean More Entrepreneurship, Kauffman Study Says
by Christina Lee on June 16th, 2009
A note to hope to budding entrepreneurs – a study released last week found that more than half of Fortune 500 companies had been founded in a recession or bear market. The Kauffman Foundation cross-examined data from the U.S. Census Bureau, Fortune 500, and Inc. magazine to figure out how recessions affected new firm formations. The study found that in general, bad economic times for the nation may not always impact entrepreneurship in the same way. After all, an individual may feel more apt to start a business once laid off, while entrepreneurs could target the newly unemployed as potential... Read more »