Entrepreneurs in many locales around the world face severe adverse living and working conditions, making new business creation difficult. Social cognitive theory as well as the theory of planned behavior agree that exogenous factors influence entrepreneurial intentions through their effect on how individuals think, emphasizing the role of entrepreneurs’ perceptions. We hypothesize that adverse conditions are negatively related to the intent to start and own a business, but we expect this relationship to be attenuated at higher levels of resilience. We also hypothesize that resilience moderates the positive entrepreneurial self-efficacy—intent relationship, such that this relationship is corroborated at higher levels of resilience.