InformationWeek: The Business Value of Technology

Economic Woes Will Stall Green IT & Kill Entrepreneurship

10 Things That WON'T Happen In 2009

Start The Discussion | bMighty Staff | January 07, 2009 07:05 AM

Everybody and his brother has predicted what will happen in 2009. That wasn't good enough for bMighty -- we decided to buck conventional wisdom and tell you about 10 important things that won't happen this year. Don't say we didn't warn you...

Informationweek Discussions

To upload an avatar photo, first complete your Disqus profile. | View the list of supported HTML tags you can use to style comments. | Please read our commenting policy.

Previous Slide Next Slide 5 of 11

Economic Woes Will Stall Green IT & Kill Entrepreneurship

Conventional wisdom holds that the economic slowdown will have dire consequences for "green" concerns and put the kibosh on entrepreneurs creating new companies.

Don't believe it.

On the green front, the Obama administration is promising that much of the stimulus package's spending initiatives will be focused on green technology. That should go a long way to making up for the fact that oil prices are much lower than they used to be. And just by leaving office, the Bush administration will usher in a new era of environmental awareness as InformationWeek's Cora Nucci points out as she predicts Solar Power's Breakout Year, despite money problems, that won't be going away.

But what about entrepreneurs? How can anyone even think of starting a company when banks have stopped lending and venture capitalists are pulling in their horns? Well, it turns out that most new companies aren't started because someone got great terms from an investor. They start because dedicated, ambitious people have an idea and do whatever it takes to pursue their vision.

Hard times don't squash entrepreneurship, they foster it. With all the downsizing and layoffs and such, there are suddenly millions of educated, experienced, and skilled workers looking for new ways to support their families. Many of them will create new companies, and when the recovery comes around some of those new companies will be in a position to grow and thrive.

Don't Miss: Calculating ROI for Green IT