Credit Crunch Inspires Entrepreneurship

Credit Crunch Inspires Entrepreneurship


Posted by Kristin Edelhauser / Entrepreneur.com
11/21/2007 1:40:00 AM

PartnerUp.com,
a free social networking site for entrepreneurs, says many
professionals in the residential real estate and financial sectors are
leaving their jobs to take a stab at entrepreneurship. The survey,
conducted by PartnerUp.com, found that of those professionals who left
in the last three months, about 56 percent are considering starting
their own business and 13 percent are already on their way. These new
entrepreneurs are pursuing web companies and other technology
businesses, in addition to advertising, marketing and retail. "The
credit crunch has sparked entrepreneurship, but more importantly,
entrepreneurship is sparking economic expansion," said Dane Fox, vice
president of business development at PartnerUp.com.

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