Recession Inspires Entrepreneurship

"Typically, the number of people starting businesses increases during down economies," according to For some entrepreneurs, recession opens doors, The Roanoke Times, 3/22/09.

We have a local example.  In this memoir, Early Female Entrepreneur, retired Virginia Tech professor Robert Giles describes the business founded by his mother in Lynchburg, Virginia during the tail end of The Great Depression when rationing was still in effect.

He writes, "I’m now proud of her as well as grateful. Her business was a survival mechanism…but perhaps so is almost any enterprise."

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Whether it's survival or timing, do you find the recession inspiring your entrepreneurial spirit?

If so, the inaugural VT KnowledgeWorks Entrepreneurship Summit, on Thursday, April 2, 2009, in Blacksburg, Virginia, begins with a how-to workshop on entrepreneurship, "Basics of Successful Entrepreneurship."

During the CVG’s LiveFire! ™ session in the afternoon of the Summit, five companies selected as pitch-worthy by the Charlottesville Venture Group (CVG), in affiliation with the Virginia Active Angels Network (VAAN), will pitch in public, answer questions in public, listen to the angel investors express pros – and cons – in public, right there in front of an auditorium full of 100 silent, scrutinizing audience members.

Jim Flowers terms it "American Idol" for business.

As can be the case, some entrepreneurs are waiting until the last minute to register for the Summit.  Just want you to know that my pitches on how things will get dramatic are working.  We have a few seats left.  Feel free to register now.

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