Entrepreneurs Don’t Love the Great Recession
(Businessweek) — Over the past decade, I’ve seen a bunch of articles arguing that recessions are good for people who run their own businesses. With headlines such as “Entrepreneurs Should Love a Recession,” these authors claim that the down economy isn’t “bad news for entrepreneurs.” Instead, they argue that recessions are“one of the best times to start, nurture, and incubate a small company”. Because entrepreneurs have “less to lose” in recessions and because recessions “enliven”entrepreneurship, are “a motivational boost” to would-be entrepreneurs, offer “excellent employee choices,” and“spur booms in innovation,” these authors seem to believe that the Great Recession is no problem for America’s entrepreneurs.
