Global Entrepreneurship Institute

Posted by: Robert W. Price 

Kauffman Foundation president Carl Schramm talks to Inc. Magazine about why great companies tend to get launched during recessions

If you are thinking of starting a company these days, this article states you’re not alone. Schramm says many entrepreneurs first take the plunge during tough economic times. And they’re not foolish to do so. “The most important message of our research is: Don’t despair,” he says. “Good things grow even in the darkest times.”

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The Silver Lining for Small Business in a Recession

They are out there somewhere, tens of thousands of them — growth companies, companies that will one day replace the millions of jobs down, or circling, the drain. In a new research report, the Kauffman Foundation concludes that nearly half of the 2008 Inc. 500 and more than half of the 2008 Fortune 500 were born during recessions or bear markets.

Inc. Magainze Editor-at-large Leigh Buchanan asked Kauffman president Carl Schramm about reasons to be cheerful.
>>Source: Inc. Magazine

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Robert W. Price
Executive Director
Global Entrepreneurship Institute
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