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 manybusiness owners, you've seen the headlines on CNBC or in yourlocal paper's business section and your stomach churns as youngdotcom companies take a beating on the NASDAQ exchange. Anybusiness owner knows what deep corrections in the stock market meanfor 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 theirwallets and buy your products. Inventories pile up, cash gets tightand pink slips appear on staffers' desks. At times like these,owning a business ranks right up there with root canals and taxaudits on the list of life's undesirables.
In fact, it makes getting out look pretty good. These days, manycompanies tired of losing workers to the entrepreneurial life areencouraging free-thinking employees to implement their marketplaceideas inside rather than outside corporations. That trend, coupledwith flextime, ample opportunities for stock options and otherentrepreneurial perks for employees, is bringing some entrepreneursback to the corporate fold.
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