The End of Entrepreneurship as We Know It?
Yeah, dotcoms have made the venture capital market volatile; sure, corporate employees are offered entrepreneur-esque development opportunities; but if I recall, we got into this game to take the risk and own our own businesses!
Date: Tuesday, April 21, 2000. Time: 8:00 a.m. Like many business owners, you've seen the headlines on CNBC or in your local paper's business section and your stomach churns as young dotcom companies take a beating on the NASDAQ exchange. Any business owner knows what deep corrections in the stock market mean for young companies. Venture capital dries up. Frustrated sellers, unable to unload shares, stop buying stock in companies like yours. Consumers resist the urge to pull the old Visas out of their wallets and buy your products. Inventories pile up, cash gets tight and pink slips appear on staffers' desks. At times like these, owning a business ranks right up there with root canals and tax audits on the list of life's undesirables.
In fact, it makes getting out look pretty good. These days, many companies tired of losing workers to the entrepreneurial life are encouraging free-thinking employees to implement their marketplace ideas inside rather than outside corporations. That trend, coupled with flextime, ample opportunities for stock options and other entrepreneurial perks for employees, is bringing some entrepreneurs back to the corporate fold.
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