25 Aug '11, 3pm

Entrepreneurial Evolution Will Occur During Long-Term Economic Environment

Entrepreneurial Evolution Will Occur During Long-Term Economic Environment

by Kevin Kaiser , Startup Biz Blog Despite what every politician has been telling us for the last few years, the economy as a whole is surely set to struggle throughout the foreseeable future. Standard & Poor’s justification for the downgrade of American borrowing power was lambasted by pundits for being a few trillion off , but the organization wouldn’t commit to such a controversial action if they didn’t truly believe that our fiscal house is in utter disarray. It has nothing to do with short-term actions and everything to do with no long-term plan to deal with our debt. Economists are almost universally convinced the U.S. economy has a long way to go before boom times begin again. The opportunities for entrepreneurship are therefore going to be few and far between as borrowing slows, interest rises, and consumers have less to spend. That’s why entrepreneurs who are seri...

Full article: http://www.youngupstarts.com/2011/08/25/entrepreneurial-e...

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