Monday, September 7, 2009

Entrepreneurship on the Rise

http://www.chicagotribune.com/business/columnists/chi-mon-minding-students-0831aug31,0,2833303.column

I read an interesting article today talking about the development of entrepreneurship in our county. With high paying jobs slim many people, and especially highly educated individuals are taking their destiny into their own hands. Entrepreneurship provides an opportunity for unlimited growth personally and professionally. Two interesting topics that were brought up in the article that should not be breezed over. "It's to the point where 80 to 90 percent of all students say they want to be entrepreneurs at some point in their lives," This is phenomenal growth over a short period of time. Entrepreneurship has certainly become a buzz word. It is more than a buzz word for the men and women staying up all night to finish a proposal or prototype. Entrepreneurship is not about fancy classes and papers it is about filling a market need and working as hard as you can to provide the product or service.
The second point I thought was interesting, "We didn't expect the venture capital market was going down as much as it has," McCoy said. I have a few friends who worked in venture capital who can tell you just how difficult the marketplace is right now. This environment is about bootstrapping and shoestring budgets. No Hummers or fancy cars until you can provide a steady stream of income. Go out start your business, tread lightly, and work until you get what you are after!

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