Word: chesnel
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Those growth limits can be frustrating for first-time business people. "I'm already on target to reach the income limitation for auto-entrepreneurs by September," says Isabelle Prigent-Chesnel, a 36-year-old communications consultant who in May decided to found a freelance business through the scheme rather than return to her salaried job after the birth of her second child. "That means I've got a decision to make about where to take this. I'm finally doing only the work I enjoy, but would have never launched into on my own before...
Though auto-entrepreneurs like Prigent-Chesnel praise the program for allowing people to become their own bosses, they also say the limitations it imposes on start-up businesses means it won't create jobs for enough of France's 2.4 million registered unemployed. And even if most of the projected 500,000 new companies launched this year wind up prospering, their tiny size isn't going to make a big dent in the country's economic decline in 2009, which economists estimate will be at least 3%. (See pictures of the Top 10 scared traders...
...Prigent-Chesnel is spreading the word on a blog that offers encouragement and tips to people contemplating joining the ranks of the new entrepreneurs. So far, two-thirds of that group are men, aged 40 on average. About 33% are salaried employees starting up a sideline business, 25% are unemployed and 6% are retirees. Later this year, the program will take private enterprise to the public sector by opening auto-entrepreneur to civil servants. If it continues at its current pace, the scheme will prove that France not only has a word for entrepreneur, but also a growing army...
Director: Sheldon Czapnik Editorial Services: Claude Boral (General Manager); Hanns Kohl (Photo Lab); Lany Walden McDonald (Library); Beth Bencini Zarcone (Picture Collection); Editorial Technology: Dennis Chesnel...
Director: Sheldon Czapnik Editorial Services: Claude Boral (General Manager); Hanns Kohl (Photo Lab); Lany Walden McDonald (Library); Beth Bencini Zarcone (Picture Collection); Editorial Technology: Dennis Chesnel...