Unemployment Makes Self-Employed a Necessity Not a Dream

With over 26m people either unemployed or under-employed and many not having any real prospects of landing a job, a self-owned business may no longer be an option but a necessity! There seems to be little doubt that unemployment is going to remain high -- quite possibly for years to come. A good part of unemployment is said to be structural in nature with the skills and capabilities of many workers no longer demanded by the market, but lets face it, when the cash register quits ringing the first jobs to go are those that business owners can't justify.

Threat of extended unemployment may very well force an explosion of self-employed and independent small businesses by disillusioned unemployed who will seek to go out on their own, not as a dream but a necessity. Factory workers are replaced by robots, middle managers forced by executives to do more with fewer people and business owners not willing to hire because of increased taxes, insurance cost and a lack of capital, the outlook for a job growth is dismal.

More...