Business start-up activity plummeted in the first half of 2010 as would-be entrepreneurs were either scooped up by employers or scared off by fragile economic conditions, a tight lending market and uncertainty over the sustainability of the recovery, new survey shows.

An average of just 3.7 percent of job seekers opted to start their own business in the first half of 2010, according to a survey of job seekers released Monday by outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

That was down from 7.6 percent in the first half of 2009 and the 9.6 percent start-up rate averaged over the last two quarters of 2009.

Click the link below for the complete article!

Lowest start-up rate on record