Entrepreneurs: Starting Over

More and more jobless Americans, some of them dropouts and some castoffs, are launching small businesses -- 1.3 million in 1991 alone

Before he lost his job at Citicorp four months ago, Harvey Lewis had been dutifully climbing the corporate ladder for 25 years. He had joined the bank at 18 as a backroom clerk and worked his way up to assistant vice president, picking up his M.B.A. along the way. But his dream of reaching the top ranks ^ was dashed when Citicorp closed his New Jersey mortgage-banking office. "They even offered me a gold watch," says the father of five-year-old twins. "But I wasn't ready to retire." Instead he used part of his $65,000 severance to start his own business: a...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!