Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

8 of 9
BACKNEXT
Jared Garfield - Self-employed
School: University of Iowa
Major: Management information systems
Current town: Deerfield, IL
Job: Founded a business
Previous status: Same

The bleak labor market doesn't worry Jared Garfield -- he's his own boss. Garfield and business partner John Slump co-founded their own business, J&J Solutions, to sell a device that dispenses chemotherapy to cancer patients in a safer, more efficient way.

The company got its start in a business class in fall 2006. What began as a school assignment ended up winning $70,000 from business plan contests around the country. J&J Solutions has since raised enough capital to begin the product's final development stages.

"We've gotten some great feedback from market research," Garfield said. "We still have work to do in designing and implementing, but we've taken huge steps the past few months."

Garfield says he's been "living the nomad lifestyle," traveling all over the country for marketing and research opportunities. He has yet to pay himself a salary, but the company recently received yet another cash infusion; J&J finally got a check for a $150,000 grant from the Iowa Department of Economic Development that was awarded back in April.

"It's been a long road, but it's still very exciting," Garfield said. "People are starting to learn our name thanks to our resilience and dedication. It's the passion that drives you forward."

NEXT: Alan Kennedy-Shaffer - Employed

Last updated December 21 2009: 7:24 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Hottest new Star Wars toys unveiled BB-8 can now be yours. So can interactive Yoda, a three-pronged lightsaber and other toys from the Star Wars movie. More
Google's logos through the years Google changed its logo for the fifth time in 17 years this week. Here's what the old ones looked like. More
How much you should have saved for retirement right now Joe is 50 years old and makes $70,000 a year. He should already have $364,000 saved for retirement. Are you on track? More

Special Offer