Michael Peters is a middle-aged professional who lost his job five months ago when his former employer downsized.He's been actively looking for work at all of the nearby companies,but he hasn't been able to find a job that truly uses 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.What might Michael well become?

Question

Quizplus · Accepted Answer

Michael's circumstances fit those of a necessity entrepreneur, someone who starts their own business out of necessity due to a lack of other options for employment.

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