2009 Will Be an Economic Engine for Change - Jeff Stibel

Times of economic contraction create dislocation in free markets. Smart entrepreneurs recognize this market opportunity and create "engines of change." 2009 will present a massive platform for innovation and will be a watershed moment for business creation.

Highlighted by joel

Great article. 2009 is a scary time for people but anyone willing to take a deep breath and a hard swallow, will come out of this in full force. I suspect that Jeff is right about some really big (and positive) things happening as a result of this recession. Keep up the great writing Jeff.

Highlighted by joel

I've always been an innovative engineer - seeing the world as a series of problems seeking solutions, many of which I've tinkered with over the years. But with the comfort of a well-paying and interesting job working on other people's solutions, developing some of MY solutions to the point of commercial viability just wasn't worth the risk.

After many months with no job offers, it became clear to me that my odds of finding another job were lower than my odds of successfully starting a new company to commercialize one of my best solution ideas. So a few months ago I decided to go-for-broke and spend all my time and remaining money developing this business idea. While it's been a lot more work than any job has ever required, this new company and product really IS taking off.

Highlighted by joel