When a recession hits, it's more likely you'll start your own businesses — even if you didn't plan to
Then, there are the"dreamers," those that started their own business less out of desperation, but because a layoff nudged them to finally pursue an idea.
"I think for the first time ever, it is becoming much more acceptable to have people working from home," he says. "They'll say, why am I spending money on childcare? Why am I spending money on gasoline when I can do all this from home? And if my company won't let me work from home, then I'll do the exact same thing I'm doing from home as a self-employed business owner."
"If the only thing that's going to get you to month one or month four of your new small business is a $250,000 line of credit at a bank, maybe now is not the right time to embark on that first plan."
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