The current economic downturn, which has seen inflation and unemployment rise, could prove the optimal time to start a new business for those with the self-confidence and drive required of a true entrepreneur. Writing on Sfltimes.com, business consultant JR Rosskamp stated that entrepreneurship, often entered into in the past through a need to survive, is now becoming a career choice for many young graduates. Those who can get their business off the ground could find themselves with a "major competitive advantage" when the economy rebounds, she added, because they are already well versed in controlling and conserving their capital. And, while big corporations shed jobs in a downturn, entrepreneurs create jobs, benefiting from the experienced talent laid off by other industries, the publication stated. Indeed, according to the US Small Business Administration, entrepreneurial and small businesses created between 60 per cent and 80 per cent of all new jobs in the last ten years.  |