{"id":255,"date":"2009-04-12T12:09:08","date_gmt":"2009-04-12T17:09:08","guid":{"rendered":"https:\/\/staging.communify.me\/newvinegrowing\/?p=255"},"modified":"2019-06-07T13:43:13","modified_gmt":"2019-06-07T17:43:13","slug":"letting-the-economy-nudge-you-into-chasing-your-dream","status":"publish","type":"post","link":"https:\/\/staging.communify.me\/newvinegrowing\/letting-the-economy-nudge-you-into-chasing-your-dream\/","title":{"rendered":"Letting the economy nudge you into chasing your dream"},"content":{"rendered":"<p>I&#8217;m a big believer in the silver lining &#8212; that what initially looks negative can turn out to be a real positive. You might just need to be willing to accept that disguised gift.<br \/>\nThe New York Times recently ran a story headlined <a href=\"http:\/\/www.nytimes.com\/2009\/03\/14\/technology\/start-ups\/14startup.html\">Weary of Looking for Work, Some Create Their Own<\/a>. Part of the story says:<\/p>\n<blockquote><p>Plenty of other laid-off workers across the country, burned out by a merciless job market, are building business plans instead of sending out r\u00e9sum\u00e9s. For these people, recession has become the mother of invention.<br \/>\nEconomists say that when the economy takes a dive, it is common for people to turn to their inner entrepreneur to try to make their own work. But they say that it takes months for that mentality to sink in, and that this is about the time in the economic cycle when it really starts to happen \u2014 when the formerly employed realize that traditional job searches are not working, and that they are running out of time and money.<br \/>\nMark V. Cannice, executive director of the entrepreneurship program at the University of San Francisco, calls the phenomenon \u201cforced entrepreneurship.\u201d<br \/>\n\u201cIf there is a silver lining, the large-scale downsizing from major companies will release a lot of new entrepreneurial talent and ideas \u2014 scientists, engineers, business folks now looking to do other things,\u201d Mr. Cannice said. \u201cIt\u2019s a Darwinian unleashing of talent into the entrepreneurial ecosystem.\u201d<\/p><\/blockquote>\n<p>As the article says, this isn&#8217;t a new trend. I remember hearing that the recession of the early 1990s was part of what fueled the dot-com boom of the late 1990s &#8212; motivated people who no longer saw a corporate job as the safe haven they once had struck out on their own and helped transform society and our economy. It goes back farther than that, too; in 1975, the Times\u00a0ran a story with the\u00a0headline Jobless Becoming Entrepreneurs; Relief From Recession&#8217;s Ravages Is Goal Jobless Becoming Entrepreneurs.<br \/>\nFor some, that might mean leaving the life of a salesman to <a href=\"http:\/\/www.nytimes.com\/2009\/04\/08\/nyregion\/08dj.html\">become a DJ<\/a>. Throughout the country,\u00a0the\u00a0economy is pressing people to re-evaluate &#8212; either because the job they&#8217;ve always done has gone away and isn&#8217;t coming back, or because\u00a0once the golden handcuffs were unlocked, the world looked a lot different. Maybe you didn&#8217;t love your job, but you kept going every day because the pay and benefits were pretty good or you just couldn&#8217;t bear the thought of a job search.<br \/>\nA Times story that in the print version\u00a0today carries the headline &#8220;Creme de la Career&#8221; but online is called <a href=\"http:\/\/www.nytimes.com\/2009\/04\/12\/weekinreview\/12lohr.html\">With Finance Disgraced, Which Career Will Be King?\u00a0\u00a0<\/a>\u00a0evaluates some of the ways the economy will shape how we all spend our days. After all, jobs are subject to the basic economic rules of supply and demand, so if you want to collect a paycheck, you need to offer something someone is willing to pay for.<\/p>\n<blockquote><p>Today, the financial crisis and the economic downturn are likely to alter drastically the career paths of future years. The contours of the shift are still in flux, in part because there is so much uncertainty about the shape of the economic landscape and the job market ahead.<br \/>\nBut choosing a career is a guess about the future in which economics is only part of the calculation. Prestige, peer expectations and the climate of public opinion also matter. And early indications suggest new career directions that are tethered less to the dream of an immediate six-figure paycheck on Wall Street than to the demands of a new public agenda to solve the nation\u2019s problems.<br \/>\nThe deep recession has clearly battered industries \u2014 and professions \u2014 whose economics were at risk before the downturn. Law firms are laying off lawyers as never before and questioning the industry\u2019s traditional unit of payment, the billable hour. Journalism is reeling from the falloff in advertising and the inability of newspapers and magazines to make a living on the Web.<\/p><\/blockquote>\n<p>(By the way, yes, I know that some people equate the New York Times with snooty liberal intellectualism. But I live in New York and it&#8217;s my local broadsheet newspaper &#8212; and a pretty great one, at that. I admire the feisty headline style of our local tabloids but they&#8217;re not quite my speed.)<br \/>\nIf the recession has given you a career wake-up call and you&#8217;re thinking of starting your own business, here are some resources to help you think it through:<br \/>\nGood questions to ask as you begin your business plan: <a href=\"http:\/\/www.entrepreneur.com\/startingabusiness\/businessplans\/article38292.html#determine\">http:\/\/www.entrepreneur.com\/startingabusiness\/businessplans\/article38292.html#determine<\/a><br \/>\n\u00a0<br \/>\nTemplates for a good business plan and other pointers:<br \/>\n<a href=\"http:\/\/www.score.org\/template_gallery.html?gclid=CMbP3Pycm5UCFQWlQAod7EZhhA\">http:\/\/www.score.org\/template_gallery.html?gclid=CMbP3Pycm5UCFQWlQAod7EZhhA<\/a><br \/>\n<a href=\"http:\/\/www.sba.gov\/smallbusinessplanner\/plan\/writeabusinessplan\/index.html\">http:\/\/www.sba.gov\/smallbusinessplanner\/plan\/writeabusinessplan\/index.html<\/a><br \/>\n<a href=\"http:\/\/www.powerhomebiz.com\/startup\/businessplan.htm\">http:\/\/www.powerhomebiz.com\/startup\/businessplan.htm<\/a><br \/>\n<a href=\"http:\/\/www.action-links.com\/businesspages\/businessplan.htm\">http:\/\/www.action-links.com\/businesspages\/businessplan.htm<\/a><br \/>\nAnd some other bloggers you might check out for inspiration on the entrepreneurial path:<\/p>\n<div>&#8212; Susan Baroncini-Moe writes about <a title=\"Permanent Link: Starting A Business in A Challenging Economic Climate, Part One (Why Now?)\" rel=\"bookmark\" href=\"http:\/\/www.lifehack.org\/articles\/management\/starting-a-business-in-a-challenging-economic-climate-part-one-why-now.html\">Starting A Business in A Challenging Economic Climate, Part One (Why Now?)<\/a><\/div>\n<div>&#8212; The Arizona Small Business Development Center has a post called <a href=\"http:\/\/awcsbdc.blogspot.com\/2009\/04\/starting-business-in-recession.html\">Starting a Business in a Recession<\/a><\/div>\n<div>&#8212; <a href=\"http:\/\/www.ladieswholaunch.com\/\">Ladies Who Launch <\/a>has tons of resources to help you find your way &#8212; even if you&#8217;re not a lady<\/div>\n<div>&#8212; The New York Times Shifting Careers blog has a post titled <a href=\"http:\/\/shiftingcareers.blogs.nytimes.com\/2007\/11\/13\/what-should-you-do-in-your-career\/?scp=1&amp;sq=as%20talent%20shifts%20more%20lab%20coats&amp;st=cse\">What &#8216;Should&#8217; You Do in Your Career?<\/a>\u00a0Sadly, the blog has ended as the Times decided to pseudo-pink slip the freelancer who had been writing about topics related to the fluid relationship between employment and entrepreneurship. Just another reminder that you need to be following your own advice, right?<\/div>\n<p>&#8212;\u00a0<strong>Are you starting your own business? Or thinking about it?<\/strong> Are you doing it on the side while you still have a day job, or are you using your unemployment check as a safety net while you launch your dream business?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;m a big believer in the silver lining &#8212; that what initially looks negative can turn out to be a real positive. You might just need to be willing to accept that disguised gift. The New York Times recently ran a story headlined Weary of Looking for Work, Some Create Their Own. Part of the story says: Plenty of other&hellip;<\/p>\n","protected":false},"author":4,"featured_media":11551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[1],"tags":[389,395,426,455,458,708,766,829,907,1339,1558,1664,1696,1896,2154,2168,2280,2293,2428,2641],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Letting the economy nudge you into chasing your dream - Newvine Growing<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.communify.me\/newvinegrowing\/letting-the-economy-nudge-you-into-chasing-your-dream\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Letting the economy nudge you into chasing your dream - Newvine Growing\" \/>\n<meta property=\"og:description\" content=\"I&#8217;m a big believer in the silver lining &#8212; that what initially looks negative can turn out to be a real positive. 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