Small Business Entrepreneurs Triumph After Being Laid Off

Small Business Entrepreneurs Triumph After Being Laid Off

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Iris Chau, laid off on Wall Street, started GreenSoulShoes.comMillions of Americans have lost their jobs over the past three years. While many have sent resumes, a growing number of displaced workers are striking out on their own, finding creative solutions not just to their own unemployment but to problems they believe can be fixed by creating new businesses.

“This is truly a remarkable time to become an entrepreneur,” said Darren Hardy, publisher of Success magazine.

Stephen Chen, for instance, took matters into his own hands and saw unemployment as an opportunity. He and two friends founded GreenSoul Shoes, a business that manufactures sandals from recycled tires. Chen and Iris Chau (pictured above) were laid off from their jobs at Wall Street Firms.

(READ more about entrepreneurial successes at ABC News)

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