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Wednesday, April 7, 2010 as of 11:14 AM ET

Economy

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Reluctant Entrepreneur

June 16, 2009 - 12:47 PM | by: Becky Diamond

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Jessi Walter was on the fast track – a wall street wunderkind who worked for Bear Stearns – but when the investment bank went bust the New York city native decided to try something new. She turned to her long time hobby – baking – and made it her business. With 25 thousand dollars in savings she started Cupcake Kids – offering cooking classes and birthday parties for children. It has been a year since she was laid off from Bear Stearns and now she runs a profitable business and she has the bad economy and getting laid off to thank!

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