Bad Economy?

May 12 , 2009 · By
Comments (1)

I was recently featured in a story for CNN titled "Bad economy? Do what you love". Here's an excerpt:

When a Wall Street financial firm let Kerschbaum go two years ago, finding new work was hard because his age made him less attractive to firms, he says.

He decided to make his talent for fixing clocks and his penchant for collecting them into a career.

At his cozy store surrounded by the melody of ticking clocks, Kerschbaum happily works seven days a week for an income that is meager but enough for him and his wife to live on.

There is no doubt small businesses have been hit hard by the financial crunch. Prospective entrepreneurs have plenty of reason to feel risk averse. Even in a good economy, the most successful businesses need a lot of capital, especially with tight credit markets, experts say.

Only 80 percent of businesses survive after the first year and the chances dwindle to 44 percent after four years, according to the Small Business Administration.

"It's not the ideal time, but that doesn't mean you can't do it," says Hallie Crawford, a certified career coach based in Atlanta, Georgia. "I think because of the way the economy is that you just have to be a little bit more careful."

Read the entire article here:
http://www.cnn.com/2009/LIVING/02/24/economy.career/index.html?iref=newssearch

Here's to having a career you love!
Hallie Crawford
Career Coach & Career Speaker

Category: Career Corner
Comments (1)

Comments

  1. Greg Paskill says:

    It’s horrible that we in the United States do not value our elders. What a drag it is getting old in a place that wants to throw away people with knowledge into nursing homes.
    In some industries, being 32 marks you as too old. Apparently only the young get the Internet. Hogwash.
    It’s also perplexing that some jobs ask for gobs of experience, and a person like Kerschbaum gets rejected because he has “too much.” He seems like a realist who sees what’s happening. He could learn all the latest, and still it’ll not be good enough for supposedly up-to-date employers. Age discrimination is America’s little dirty secret even when none of us are getting younger.
    Well, if there is karma, I wonder what’ll happen to those employers that rejected Kerschbaum. Their clocks are ticking too. Not hiring Kerschbaum is their loss!

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