Necessity Entrepreneurship

An unknown number of Americans who lost jobs in the Great Recession created their own. The rate of so-called "necessity entrepreneurship"—people starting businesses because other income opportunities are gone—increased sharply in the U.S. during the recession, according to the Global Entrepreneurship Monitor, a research project that tracks entrepreneurship. Necessity was a factor for 24.7% of new U.S. ventures in 2009, according to GEM surveys, up from 16.3% in 2007.   Full Article.