No Jobs? Young Graduates Make Their Own [NYTimes]

This article by the New York Times is chock full of resources. But a warning: this article is misleading. The author states that “the entrepreneurial life is notoriously filled with risks, stresses and sacrifices,” then goes on to end the article on that semi-negative note that the fail rate is high. From reading and my own small experiences, I’m certain the reason the fail rate is “high” in starting a business is mostly on the part of the owner. Ego, poor hiring, relying too heavily on money, uncreative problem solving, negative mindset, not having an identified niche (and not knowing how to expand from that niche as one’s business grows), starting a business one isn’t truly passionate about and biting off more than one can chew in general are just a few things that can potentially kill a business. Anyway, I hope you find this article interesting. Again, it’s filled with resources and success stories:

FIVE years ago, after graduating from New York University with a film degree and thousands of dollars in student loans, Scott Gerber moved back in with his parents on Staten Island. He then took out more loans to start a new-media and technology company, but he didn’t have a clear market in mind; the company went belly up in 2006.

“It made me feel demoralized and humiliated,” he says. “I wondered if this was really what post-collegiate life was supposed to be like. Did I do something wrong? The answers weren’t apparent to me.”

Still in debt, Mr. Gerber considered his career options. His mother kept encouraging him to get a “real” job, the kind that comes with an office and a boss. But, using the last $700 in his bank account, he decided to start another company instead.

FULL ARTICLE>> Young Entrepreneurs Create Their Own Jobs –


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