Start-Ups

Guest Post: Start Ups-An endangered species in the corporate jungle.

By Rick Cobb


Every month we publish the Challenger Layoff report. Most writers and producers of business information are familiar with our releases, and come to us regularly for comment on issues of employment. Invariably we’re asked the question: “Where are the jobs…who’s hiring?” We respond with the “hot” sectors and geographies, but we seldom get to address a core issue.

Start-Up Activity Rising, But Slowly

5.5% OF JOB SEEKERS STARTED A BUSINESS IN FIRST HALF OF 2014

An improving economy should lower the barriers to starting a business. However, it also means that more companies are hiring. Faced with the choice between entrepreneurship and traditional employment, a new survey indicates that less than 6.0 percent of out-of-work managers and executives were willing to give self-employment a shot in the first half of 2014.

CNN Money Magazine: Entrepreneurship Sprouts Among Older Ex-Execs

Original article: http://money.cnn.com/2014/04/01/smallbusiness/entrepreneurs.moneymag/

"Last year 5.5% of jobless managers and executives launched a business, up 31% from 2012 and the highest level since 2009, says outplacement firm Challenger Gray & Christmas.

Confidence in the economy and access to individual health insurance via Obamacare help fuel the trend, says CEO John Challenger."

2013 Q2 Start-Up Activity Report: More Entrepreneurs But Still Too Risky For Most

The percentage of job seekers starting their own businesses increased by 33 percent in the first half of 2013, as an improving lending market and employment picture provided both the financial and job safety nets sought by fledgling entrepreneurs. Even with the increase, however, less than five percent of managers and executives opted for self-employment over a more traditional career path, suggesting that starting a business remains far too risky for most people.

Download the full report.

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