As I prepare to teach my fall on-line class on Entrepreneurship I cannot help but wonder if the current economic environment will again be a natural incubator for entrepreneurship - or will the severity and indeterminate length of this downturn be more of a deterrent to the formation of new ventures? Only time will tell, of course, but speculation is a worthwhile activity to assist in monitoring the upcoming activities.
My first thought would be that many start-ups have been delayed, but as the recession continues, with the signs of the end we are beginning to see... even though down the road a bit, we will begin to see a sharp upward increase in new ventures. There is built-up desire and need; will there be some particular "event" that will trigger the final decision? Are financial institutions ready to support new business; business expansion? Are customers prepared to "take a chance" on new businesses?
What are your thoughts? I'd love to hear from you!
Dr. Bill - I love to share, I hope you do to! ;-)