Practice Matters.

Almost every architect has, at one time or another, contemplated starting a firm.Contrary to this conventional wisdom, many people start firms during periods of economic recession. They often create conditions that allow new practices to emerge out of circumstances that at the outset seem more like crises than opportunities.Layoffs are one reason that people strike out on their own.Because labor costs are approximately 40 percent of an established firm's net revenues, it's almost a sure thing that individuals who are quite capable of starting their own firms will lose their jobs when income declines and there is no relief in sight.