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Job Losses Can Turn Into Small Business Success

Written by Ken Gaebler
Published: 7/1/2009

A growing number of people affected by layoffs have turned to starting their own small business.

The recession has caused many people to lose their jobs, but instead of looking at the situation as a negative, an increasing number are using the opportunity to start their own small business.

Entrepreneur New Business

The Miami Herald reports that people like newlyweds Clara Mateus and Allen Borza are turning the misfortune of losing their jobs into opportunities to work for themselves.

When Clara and Allen lost their jobs as graphic designers within one day of each other they decided to enter a world that might not have been possible without being shown the door at their previous employer.

"I don't think we ever would have jumped out of our comfort zone to do this," Borza told the news provider.

Borza and Mateus started an eco-friendly graphic design company, something Irma Becerra-Fernandez, director of the Pino Global Entrepreneurship Center at Florida International University says is a smart business decision.

"Research shows successful entrepreneurs are not bigger risk takers, they just know how to take more calculated risks," she told the paper.

And while some believe they are too old to start their own business, a new report shows that belief is wrong. According to the study from the Ewing Marion Kauffman Foundation, the median age of entrepreneurs when they founded their tech companies was 39 with twice as many technology entrepreneurs age fifty or older as ones who are younger than 25.

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