Recently downsized? Out of work? You're not alone: The Great Recession ranks worst in terms of the number of jobs lost (over eight million) compared to all recessions since the end of World War II.
In a job market like this, you might consider hiring yourself as a number of SBDC clients have done. Entrepreneurship has been on the rise nationwide. While business ownership is not for everyone, if you’ve been thinking of starting out on your own, now may be time - particularly if you have a way to profit from the recession. Here is some inspiration:
Small businesses are known engines of job creation -- even in a recession. You could very well be one of the new firms that help bring jobs back to Pennsylvania.
If you are receiving unemployment compensation benefits, you may jeopardize your eligibility for benefits if you take any steps toward self-employment.
We strongly suggest reviewing the Department of Labor's Benefit Eligibility with respect to self-employment. Contact your local Pennsylvania CareerLink before taking any action to start a business so you do not risk losing your benefits. Best to be safe on this.