Murray Low on The Economy
Professor Low is an experienced entrepreneur and a leading authority on entrepreneurship in independent, corporate and not-for-profit settings. Starting businesses in several industries led him to study how the entrepreneurial process differs by context. His current research examines the dynamics of entrepreneurial careers. As the founder of the Columbia Entrepreneurship Program, he has worked to make entrepreneurship a viable career option for MBA graduates. Low consults to both small and large companies, family businesses and not-for-profits. He teaches executive seminars in the areas of entrepreneurship and strategic management and makes frequent presentations to academic and industry groups. He has published widely in academic and practitioner journals and is a regular commentator in the media.
Murray Low: It’s lousy. The current economy is lousy, but I’m old enough to have lived through a few business cycles, so I’m not particularly perturbed by it. And I would say that change creates opportunity. So from an entrepreneur’s perspective, this isn’t a good time or a time bad. It’s just a time. It’s a time like any other time, and any other time there’s always opportunities. Now, the opportunity has to fit with the current economic context. But I don’t think the fact that the economy’s at a slow period and may be so for awhile should be anything to deter entrepreneurs from pursuing their businesses.
It's lousy at the moment.
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