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Small and minority business owners are frustrated, and understandably so. Since the nation’s economy first began its downward spiral, they’ve been forced to stand on the sidelines while the federal government has spent billions of dollars saving big businesses and banks.
Increasing numbers of entrepreneurs are finding that they can thrive in an economic downturn in home-based franchises that provide valued services and keep overhead low. The self-sufficient entrepreneurs work in industries as diverse as senior care and interior design.
Even during hard times, business and investing opportunities wait to be uncovered on the islands.
Citigroup Inc. said yesterday that board member Richard D. Parsons will be taking over as chairman effective Feb. 23. Parsons succeeds Sir Win Bischoff, who became chairman in December 2007 after the company fired CEO and Chairman Charles Prince.
