What is a “necessity entrepreneur“? Is it a new term that has risen from the Charlotte economy? So no big surprise here in Charlotte. People are starting businesses because they have no other choice. Thousands of Charlotte residents have lost jobs in the current recession, and unemployment is higher than it’s been in decades. So not only are people getting laid off, but there are a lot of people already out looking for jobs and opportunities.
Ferrara|Buist works with entrepreneurs who need to design, build and create a space for their business. These spaces are all sizes, too. From 1,000 square feet up to new buildings at several hundred thousand square feet! The good news for necessity entrepreneurs is that the cost of starting a small business is lower than ever before. Technology has become inexpensive and, in many cases, even free.
And while most necessity entrepreneurs will return to traditional jobs, research indicates that a growing number of displaced workers find they prefer self-employment. The reasons given by these people for preferring self-employment are the same as other small business owners. They prefer working for themselves, job and work flexibility, passion for their business and work/life balance reasons.
If you find yourself classified as a “necessity entrepreneur” and you are in need of upfitting or building a commercial or retail space, call David Buist, managing partner here at Ferrara|Buist, at 803-792-4348 or email david@ferrara-buist.com. We will meet with you and help you determine the best path for planning and creating your new business space!
