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The issue is that GP points to this as a significant factor: > "Forced entrepreneurs" risk great personal consequences because they have no other options. Thi
by sombremesa 5y ago
The issue is that GP points to this as a significant factor:
> "Forced entrepreneurs" risk great personal consequences because they have no other options.
This is just ground reality for many entrepreneurs (immigrant families opening new restaurants, for example) and does not serve as much of a differentiating factor. Based on the study in the OP, the differentiating factor is more likely to be some difference in risk tolerance by way of savings (since these were high earners after all), some difference in skill (since these were high earners after all), or some difference in opinion of self (since these were high earners after all) which kept them from giving up and just taking a minimum wage unskilled labor gig somewhere.
It's not interesting that people turned to entrepreneurship after being laid off. It's interesting that people who were laid off from cushier jobs were able to start businesses more successfully.