The Recession Will End… When Small Businesses Steady Themsel

by SixFigureStart | November 10, 2009

  • My Vault
Says who: Mark Zandi of Moody’s Economy.com.

“Small business tends to lead the way out, and that’s just not happening here.” (via USA Today)

Why it might be false: It might be false because we might be due for a slight redefinition of “small business.” In recessions and other periods of some job loss, more businesses tend to be created. Entrepreneurs are energized, and others are just looking for a way to generate some income. In New York, laid off Wall Street executives have been launching companies in part through a Bloomberg-backed incubator funded with $45 million. In the state of Colorado, the number of new business registrations has increased over last year. [Read more]

--Posted by Laura Rich, RecessionWire.com

16 Questions for Aspiring Entrepreneurs
Recession Briefing 11.10: Home Invaders Curbed
Screwed: 2,500 at Sprint

Close button

Get tips on interviewing, networking, resumes, and more directly to your inbox.

No Thanks

Get Our Career Newsletter

Interview, resume and job search tips emailed directly to you.