Looking for a Job
by Miki Saxon
What do you do when you graduate and can’t find a job?
What do you do when you’re laid off and can’t find a job?
What do you do when you hate the jobs you find?
DIY, better known as start your own business.
Whether building, rebuilding or remodeling a career, more and more people are opting to create their own.
Some do it out of necessity, as has been done in the name of ‘consultant’ in past recessions, but many are going for something larger.
They are doing it because they have a vision and are willing to back that vision with the 80 hour weeks and steep learning curve that it takes to be a successful entrepreneur.
They are coming together online and in person to learn from each other and often to help each other.
What happens when the statistics predicting that most businesses fail within five years are proven accurate? Or when the economy improves and business ramps up hiring?
Will these entrepreneurs give a collective sigh of relief and happily march off to toil for someone else?
Some will, but personally I think corporate America is in for a very rude awakening.
Flickr image credit: http://www.flickr.com/photos/dpstyles/5202530836/
December 17th, 2010 at 7:18 am
When business gets better many of the surviving entrepreneurs will seek to be bought by a larger company.
Or I am just being cynical :)
December 17th, 2010 at 8:41 am
Hi Denis, it’s good to hear from you:)
I don’t think you are being cynical, but consider that a buy out is the goal of most startups these days.
There are only four strategies for any startup; three are exit strategies—IPO, buy out, shut down—the fourth is to continue as a private company. Staying private doesn’t mean staying small, think SAS as opposed to Facebook, because eventually Facebook needs to yield a giant return to it’s investors. Zappos chose to be acquired.
I do think that today’s startups are different than the consultants you and I saw in previous recessions.