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Monday, March 2, 2009

‘Accidental entrepreneurs’ on the rise

Randy Blue was laid off from HCA Inc. in April and, after months of looking for work, he started his own business.
Experts are seeing more and more people becoming “accidental entrepreneurs,” meaning experienced, highly skilled people who’ve been laid off and are launching their own businesses as a result.
They are sprouting up in Williamson County, where the number of new businesses has continued to surge despite a decline in the economy.
“I’m seeing a much larger portion of people who are kind of being unexpectedly thrust into this,” says Jeff Cornwall, the Jack C. Massey Chair in Entrepreneurship at Belmont University. “Interestingly, what we have found in recessions is that many of these folks that had never intended to be entrepreneurs get the bug and get that lifestyle, and never want to go back even when the economy picks up.”

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