The growth in research surrounding psychological capital continues to gain momentum as a positive explanatory theory of peak performance. The four dimensions of psychological capital - resiliency, hope, optimism and efficacy, have been well examined in relation to positive workplace functioning, however, less is understood about the contributions that psychological capital can make towards entrepreneurial success (Luthans, 2006), especially in light of the current recession. Williams (1999) for example, found that entrepreneurs are more likely to be affected by ‘recession fatigue’, increasing entrepreneurs stress, isolation, personal efficacy and burnout. The present study reports on a pilot study of 4 entrepreneurs, in order to ascertain the potential contribution of psychological capital, for entrepreneurs, during a recession