Laid-off office workers tired of rat race; seeking their own businesses with $100,000-plus income.
by Tanya Mannes
October 12, 2010
San Diego Union Tribune
As high-level corporate jobs dry up, some executives are embracing the idea of trading rush-hour traffic and hectic schedules - as well as steady paychecks - for a chance to be their own boss.
The economic collapse has eliminated millions of jobs, slashed pension programs and gutted home equity and stock portfolios, making the idea of self-reliance more attractive.
Peter Siegel, founder and chief executive of BizBen.com, a California business-for-sale website, is seeing a surge of former executives - many in their 40s, 50s and 60s - seeking a business with an adjusted net income of $100,000 or more.
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