Entrepreneurship Can Be a Risky Business

November is National Entrepreneurship Month in the United States. It provides a time to celebrate the entrepreneur – someone who sees a problem and solves it. Success for an entrepreneur takes dedication, sacrifice, hard work and boundless energy.

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Co-authored by Peyton Ballard and Peni Adams

November is National Entrepreneurship Month in the United States. It provides a time to celebrate the entrepreneur – someone who sees a problem and solves it. Success for an entrepreneur takes dedication, sacrifice, hard work and boundless energy.

The past couple of years have been challenging for entrepreneurs, even for the most seasoned entrepreneur. Inflation, a global pandemic, broadband connectivity issues, and countless other factors that seem to make the odds of growing a successful business slim to none. Yet, in spite of those challenges, many entrepreneurs in our region kept their dream and passion alive and succeeded.

In recent years, state and federal governments have pumped millions of dollars into entrepreneurship support programming in our communities across the country. From entrepreneurship coaching and advising programs to angel capital networks, leadership has recognized that to diversify the economy, grow new companies, and support our best and brightest, significant investments must be made.

Programs such as the WV Hive are continuing to grow and innovate in the entrepreneurship space. Taking advantage of these support services is crucial for entrepreneurs looking to redefine what it means to be a new company in the 21st century. The WV Hive has served over 400 entrepreneurs to create 62 new businesses in our region over the past 5 years. The WV Hive celebrates the entrepreneur!

An old expression “pulling yourself up by your bootstraps” is used to describe hard work, ingenuity, and the need to accomplish something difficult. This same expression is often used in the entrepreneurial world to describe businesses who are scraping by and clawing their way to success. The most exciting part about being an entrepreneur today is that you don’t have to ‘pull yourself up by your bootstraps’ – at least not by yourself. There is an influx of support to assist you in the thrill of starting your own business.

Entrepreneurs are the people who should be celebrated every day because they are out there solving problems. Celebrate your local entrepreneur by shopping local!

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NRGRDA Adds Beth Epperson as Contracts and Procurement Specialist

Beth Epperson is joining the New River Gorge Regional Development Authority (NRGRDA) as Contracts and Procurement Specialist for its West Virginia Hive entrepreneurial arm. She will also be responsible for the administration of the NRGRDA’s loan portfolio.