Michael is a middle-aged professional who lost his job five months ago when his former employer downsized.He has been actively looking for work since then but has not been able to find a job that truly utilizes his 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 his current situation is to start his own business. Michael might well become a:

Question

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Michael's situation of being unemployed and feeling the need to start his own business due to the lack of opportunities suggests that he is a necessity entrepreneur. This type of entrepreneur starts a business out of necessity due to a lack of other options for work.

Michael Is a Middle-Aged Professional Who Lost His Job Five