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Some lose a job and become an entrepreneur

Apr 20, 2009
Get ready to see more baked goods, custom-designed clothes, jewelry — and even horse saddle pads — on the market.

Those are some of the products that laid-off workers are hawking as they try to grow small businesses. And many more goods and services are likely to come as jobs disappear and the government encourages entrepreneurial ventures.

More than 5 million jobs have been lost since the recession began in December 2007. In March, the unemployment rate rose to a 26-year high of 8.5%.

Faced with bleak job prospects, many of the unemployed are hanging out shingles. One in four workers who have not found jobs is considering launching a business, according to a new CareerBuilder.com survey. (CareerBuilder is jointly owned by Tribune, McClatchy, Microsoft and USA TODAY parent Gannett.)

Among the budding entrepreneurs: Royce Evans. The former job recruiter had dabbled with the idea of selling shock-absorbing saddle pads, but once she was laid off in December, she went full-force into the venture. So far, she’s sold about 150 pads — $85 to $185 — but needs to sell an additional 300 before she can turn a profit.

Read the rest of the story:  http://www.usatoday.com/money/smallbusiness/2009-04-19-jobless-economy-government-help_N.htm

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