In January 2009, there were over 1,300 layoff stories reported by the Layoff Daily. Pretty scary, huh? It makes me wonder what the implications are for entrepreneurs.
There are likely going to be some entrepreneurs that find their way into this category -- meaning that they simply are not strong enough to survive in this economy and/or the ability of their customer base to purchase their product/service is dissipating.
Other entrepreneurs will survive and perhaps even thrive in this economy. There are certain sectors or niches that do well in a down economy (think about Walmart) and others that are effective at changing to meet the demand/needs.
Yet, interestingly enough, there are still others that will become entrepreneurs BECAUSE of the economy. Yes, these are those individuals that are in the stories of the Layoff Daily and will turn to entrepreneurship because they don't have any other option or because it is something they have considered for a while, but now have the push to take.