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	<title>Professional Journey &#187; accidental entrepreneurs</title>
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	<link>http://www.professionaljourney.com</link>
	<description>Blog covering Career, Jobs, Workplace, Education, Entrepreneurs and Business</description>
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		<title>The lost generation?</title>
		<link>http://www.professionaljourney.com/2010/01/10/the-lost-generation/</link>
		<comments>http://www.professionaljourney.com/2010/01/10/the-lost-generation/#comments</comments>
		<pubDate>Sun, 10 Jan 2010 19:40:53 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Career]]></category>
		<category><![CDATA[Your Education]]></category>
		<category><![CDATA[Your Network]]></category>
		<category><![CDATA[accidental entrepreneurs]]></category>
		<category><![CDATA[career ladder]]></category>
		<category><![CDATA[college grads]]></category>
		<category><![CDATA[contracting out services online]]></category>
		<category><![CDATA[entrepeneurs]]></category>
		<category><![CDATA[forced entrepreneurs]]></category>
		<category><![CDATA[high school dropouts]]></category>
		<category><![CDATA[high-paying job]]></category>
		<category><![CDATA[internships]]></category>
		<category><![CDATA[lawyers]]></category>
		<category><![CDATA[lifetime income]]></category>
		<category><![CDATA[lost generation]]></category>
		<category><![CDATA[MBAs]]></category>
		<category><![CDATA[unemployment]]></category>
		<category><![CDATA[unemployment rate]]></category>
		<category><![CDATA[unintended entrepreneurs]]></category>
		<category><![CDATA[youthful joblessness]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=41</guid>
		<description><![CDATA[BusinessWeek recently had an interesting article on the challenges facing young people in this economy. Many of them just can&#8217;t land jobs. Bright, eager—and unwanted. While unemployment is ravaging just about every part of the global workforce, the most enduring harm is being done to young people who can&#8217;t grab onto the first rung of [...]]]></description>
			<content:encoded><![CDATA[<p><em>BusinessWeek</em> recently had an <a href="http://www.businessweek.com/magazine/content/09_42/b4151032038302.htm" target="_blank">interesting article on the challenges facing young people in this economy</a>. Many of them just can&#8217;t land jobs.</p>
<blockquote><p>Bright, eager—and unwanted. While unemployment is ravaging just about every part of the global workforce, the most enduring harm is being done to young people who can&#8217;t grab onto the first rung of the career ladder.</p>
<p>Affected are a range of young people, from high school dropouts, to college grads, to newly minted lawyers and MBAs across the developed world from Britain to Japan. One indication: In the U.S., the unemployment rate for 16- to 24-year-olds has climbed to more than 18%, from 13% a year ago.</p>
<p>For people just starting their careers, the damage may be deep and long-lasting, potentially creating a kind of &#8220;lost generation.&#8221; Studies suggest that an extended period of youthful joblessness can significantly depress lifetime income as people get stuck in jobs that are beneath their capabilities, or come to be seen by employers as damaged goods.</p>
<p>Equally important, employers are likely to suffer from the scarring of a generation.</p></blockquote>
<p>This danger of &#8220;scarring&#8221; seems real, but if you find yourself in this group you have to be proactive and NOT let this hurt you. That may sound easy, as options are now clearly limited. However, on the other hand, the dire condition of the economy can also be used to alter your perceptions of what you need at this time in your life. Many graduates expected to get a high-paying job immediately upon graduation, and now many of those job aren&#8217;t available. Yet is that what you really need RIGHT NOW?</p>
<p>In many cases the answer is no. Maybe you can now consider a cool internship that pays little but offers an incredible experience. Perhaps you can take a much-needed break and go on that backpacking trip that you dreamed of doing after college. This of course depends on your funds, though the cost of travel has plummeted.</p>
<p>Alternatively, you can be aggressive about doing something entrepreneurial or contracting out services online.</p>
<p>We know if sucks out there, but you have to make the best of the situation you&#8217;re facing. Get motivated, and good things will happen! </p>
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		<item>
		<title>Accidental entrepreneurs</title>
		<link>http://www.professionaljourney.com/2009/09/11/accidental-entrepreneurs/</link>
		<comments>http://www.professionaljourney.com/2009/09/11/accidental-entrepreneurs/#comments</comments>
		<pubDate>Fri, 11 Sep 2009 22:50:01 +0000</pubDate>
		<dc:creator>Staff</dc:creator>
				<category><![CDATA[Your Business]]></category>
		<category><![CDATA[accidental entrepreneurs]]></category>
		<category><![CDATA[Craigslist]]></category>
		<category><![CDATA[entrepreneurs]]></category>
		<category><![CDATA[forced entrepreneurs]]></category>
		<category><![CDATA[LegalZoom.com]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[start-up businesses]]></category>
		<category><![CDATA[start-up costs]]></category>
		<category><![CDATA[unintended entrepreneurs]]></category>

		<guid isPermaLink="false">http://www.professionaljourney.com/?p=19</guid>
		<description><![CDATA[Many people dream of starting their own business, but many Americans are now doing it out of necessity given the realities of the high unemployment rate. Call them accidental entrepreneurs, unintended entrepreneurs or forced entrepreneurs. A year and a half into the Great Recession, with the jobless rate hovering near double digits, corporate refugees like [...]]]></description>
			<content:encoded><![CDATA[<p>Many people dream of starting their own business, but many Americans are now doing it <a href="http://www.nytimes.com/2009/08/23/business/smallbusiness/23venture.html?_r=1" target="_blank">out of necessity</a> given the realities of the high unemployment rate.</p>
<blockquote><p>Call them accidental entrepreneurs, unintended entrepreneurs or forced entrepreneurs. A year and a half into the Great Recession, with the jobless rate hovering near double digits, corporate refugees like Lisa Marie Grillos of San Francisco are trying to fend for themselves.</p>
<p>Along with her brother Hernan Barangan, Mrs. Grillos started Hambone Designs, after her full-time contract position with Williams-Sonoma as a production manager wasn’t renewed in January. The new company makes bicycle bags that hold things like keys, wallets and cellphones.</p>
<p>“You have the time — why not focus your energy on something, rather than just trolling Craigslist and sitting and watching TV?” Mrs. Grillos says. “It’s really taking matters in my own hands.”</p></blockquote>
<p>The Times article goes on to describe this trend further, and cites data from LegalZoom.com regarding a 10% increase in new businesses formed using its service in the first half of 2009, which surprised the company&#8217;s executives.</p>
<p>In many ways, a recession offers an ideal time to start a business. Many costs are lower, from rent to staff.</p>
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