Michael is a middleaged professional who lost his job five months ago when his former employer downsized. He has been actively looking for work at all of the nearby companies, but he hasn't been able to find a job that truly utilizes his talents or abilities or that offers an income anywhere close to what he earned in his previous position. He is beginning to feel that the only way to survive in his current situation is to start his own business. Michael might well become a:

Question

Michael is a middle­aged professional who lost his job five months ago when his former employer downsized. He has been actively looking for work at all of the nearby companies, but he hasn't been able to find a job that truly utilizes his talents or abilities or that offers an income anywhere close to what he earned in his previous position. He is beginning to feel that the only way to survive in his current situation is to start his own business. Michael might well become a:

Quizplus · Accepted Answer

Michael is facing a situation where he needs to start his own business in order to survive, which makes him a necessity entrepreneur. A necessity entrepreneur is someone who becomes an entrepreneur out of necessity, often due to unemployment or financial hardship.

Michael Is a Middle­aged Professional Who Lost His Job Five

Michael Is a Middleaged Professional Who Lost His Job Five