Sunday, 20 March 2011

The best time for entrepreneurship
(Part 1 of 4)

When everything seems lost is the best time for entrepreneurship. History contains many examples of individuals taking bold action and turning around desperate situations. You have more resources than you think. There are more possibilities around than it is apparent to the eye.

Take the case of Venice in the year 1314, with interest rates so high that made almost impossible for anyone to borrow money.

Since the King of France had forbidden Flemish merchants to take part in the Fairs of Champagne, imports of cloth into Venice had stopped altogether. Without Flemish cloth, Venetian dyers had been forced to fire hundreds of workers, pushing the economy into a deep recession.

To be continued in the next post.


[Image by shellorz under Creative Commons Attribution License. See the license terms under]

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