New entrepreneurs can boss their way out of recession
Job hunters unable to find work are increasingly going into business for themselves.
With long-term unemployment at a 13-year high and job seekers facing increasing competition for jobs, a growing number of workers who were made redundant during the recession have opted to become their own boss. Official statistics show there were nearly 100,000 more self-employed people this summer compared to last year, bringing the total to nearly 4m.
Jeremy Green, a business adviser at Business Link in London, said: “The recession has led to the rise of the “necessity entrepreneur” – people who’ve started a business because they’ve had to get themselves out of the downturn.
“These people are examples of how it really is achievable and anyone else thinking about doing the same should remember there is lots of support out there to help get them started and advise them throughout the life of their business.”