For laid off workers, launching a business may seem the best path for survival. Tough times breed a different type of entrepreneur.
“With the economy tanking, lots of people are striking out on their own. Some never even thought of starting a business until they got laid off. Others kicked around the idea but never found the time or the passion to pursue it. Now, launching a start-up seems like a better bet than taking on an endless job hunt. Call them entrepreneurs by necessity.” - Wall Street Journal, May 11, 2009.
There are plenty of examples of successful entrepreneurs and small businesses launching during economic downturns. In fact, it is this type of circumstance - survival - that can unleash incredible creativity, and the usual “risk” of starting a business is diminished greatly in the face of unemployment and uncertainty.
The BusinessFlare Academy is a not-for-profit originally formed to provide economic development education and training for local government elected officials and managers. However, in the face of the COVID-19 economic crisis, we have adjusted our mission to focus on assisting economic growth and recovery in the cities by helping would be entrepreneurs, that are recently unemployed due to the downturn, with heading down the awesome path of starting and growing their own business.
The BusinessFlare Academy Micro-Entrepreneurship Program is designed to provide assistance to budding entrepreneurs that have recently lost their jobs due to the economic impacts of the COVID-19 pandemic.
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