SOURCE: Perfect Business

October 21, 2008 12:23 ET Entrepreneurship Rising

Americans Take Back the Economy

LOS ANGELES, CA--(Marketwire - October 21, 2008) - The economy is crumbling. Good Americans are losing their jobs. Money is tight. And now that Wall Street has pushed the panic button, even the Government is on its heels. This is indisputably the worst financial crisis since the Great Depression, and many say it's only going to get worse.

Not so for entrepreneurs. The neon "opportunity" sign has been nailed right back up where it ought to be -- on Main Street.

Mark Verge, co-founder of and founder of, insists the next major trend is entrepreneurship. "First it was day traders in the early 1990s. Then the dot com craze. And it's been real estate for the past decade or so. But as the economy continues to crack, entrepreneurs are seeing a huge opening," he explained.

According to the ADP, large and midsize employers shed 53,000 jobs in August, while those with fewer than 50 employees added 20,000. Over 500,000 businesses were polled nationwide. is only fanning the flames. The web site, which Verge calls "Facebook for Entrepreneurs," has seen a 600% growth-rate in memberships over the course of the past six months. In September, opened the doors to seven new locations in Southern California. Verge attributed the expansion to the fact that more Americans are turning to entrepreneurship and to start-up resources like

He said enthusiastically, "Banking giants like Lehman Brothers and AIG going under and the real estate market in a steep downward spiral, there's never been a better time for Americans to start a business." Verge also reminded us, "The small business economy expands when corporate America contracts.

"Once the smoke clears, you'll see, it'll be the next generation of entrepreneurs getting us out of this mess."

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