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10.2% Unemployment: Is Self-Employment a Viable Option?
By Sanford | November 10, 2009
The unemployment rate was pegged at 10.2% last Friday. The prospects that this will be a slow and, perhaps, jobless recovery does not bode well for the unemployed. Even though people are unemployed, but that does not mean they don’t have marketable skills and abilities. Maybe the solution is to market their skills independently. American Public Radio’s Marketplace aired a commentary dealing with that topic last Friday http://marketplace.publicradio.org/display/web/2009/11/06/pm-work-hard/#postComment.
I come from a family with several entrepreneurs and free-lancers. It is no surprise that after I left corporate America that I became an independent consultant. I fully endorse the concept that everyone needs to regard themselves as a free agent whether they are employees or self-employed. The big gotcha is that self-employment takes a special kind of person who wants to take on the responsibilities and challenges of running a business. There is risk with either choice. If you are unemployed, you might as well explore the self-employed option. There’s nothing to lose.
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