Texas Tech University

Lubbock Avalanche-Journal: Seminar offers jobless advice on starting own businesses

March 28, 2011

Jim Wetherbe put his money -- $5,000, to be exact -- where his mouth was one morning last week, backing 10 unemployed people who think they can start their own businesses.

Wetherbe, associate dean for research and development at Texas Tech's Rawls College of Business, put on a workshop Wednesday morning, talking with unemployment insurance recipients about what it takes to start a business.

Then he challenged the 35 people in the room to come up with their own ideas for self-employment and pitch them to the audience in a brief "elevator talk."

The audience would vote, and the top 10 vote-getters would receive $500 each in "seed money" -- Wetherbe put up his honorarium for conducting the workshop -- to convert their ideas to action.

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