It is clear that the old models are no longer working.
It is clear that we need to stop having so many standing around with their hand stretched out to take from those that are producing.
It is clear that we need to again, grow the economic pie!
It is clear that we need entrepreneurialism not redistribution.
As such, it is clear that we need bold thinking about how a new wave of entrepreneurship will transform the American economy, spark innovation, and provide new vibrancy, new opportunities, and new jobs.
Having earned my MBA a number of years ago prior to joining Deloitte, a Big 4 Accounting and Consulting Firm, it is clear our University system has continued to generate more and more MBAs however entrepreneurship education has been lacking.
It is clear that we too need education for entrepreneurs not just MBA education. It is clear we need a rebooting of the entrepreneurial idea.
This country has long been a haven for entrepreneurs so we need to rekindle the notion that starting a company is a viable option for all Americans regardless of where they come from.
Below is a list of some new thinking about entrepreneurialism and a game plan to revitalize the American economy.
Take Entrepreneurship Training out of business school and have it available for everyone; not just MBAs but also engineers, chemists, architects, athletes, and art students.
One of the greatest sources of entrepreneurial success in the US has been the steady stream of immigrants who come to the USA to find opportunity. So, we need to tap the best and brightest wherever they may be. One scheme would offer short term visas to would-be entrepreneurs; after they have started new companies and generated a predetermined number of jobs, they would receive green cards.
The biographies of many entrepreneurs highlight paper routes, lemonade stands, and many lawn mowing services in their youth. This indicates that many test the entrepreneurial waters when they are young indicating that it is not all nature. If we can provide nurturing and teaching to those with entrepreneurial leanings, while they are young, we will be able to demystify the process of starting a business and create sparks in many young people.
Most startups need both money and help. That’s where seed accelerators come in; they are a combination of speed dating, angel investing, and a geek camp! A group of seasoned entrepreneurs select a few founders with business ideas. They hand over a little cash and a place to work for a couple of months. In exchange for a modest equity share in the company, the seasoned entrepreneurs provide a lot of hands-on coaching, strategizing, and pressure to stay on track. These activities accelerate the startup process and enable the entrepreneurial ecosystem.
Large companies play a key role in the entrepreneurial ecosystem creating a pool of skilled employees who periodically leave to embark upon new ventures. Corporate non-compete agreements interfere with this organic spillover effect. Non-compete agreements and employment contracts make it hard to start a company, and difficult to grow a new company, because you can’t attract talent. Employment contracts were originally used to protect trade secrets however recent studies have indicated they protect existing companies and retard innovation. In order to promote competition, encourage a highly mobile workforce to create businesses, and support innovation, it would be best to stop enforcing non-compete agreements.
It is difficult to say how many new companies and associated opportunities would be created as a result of these suggestions. Since the old models are not working, we definitely need blue sky thinking in order to make the country more startup friendly.
Another aspect of this blue sky thinking is that many current and former doctors, CEOs, and other members of the corporate workforce, are seeking a way to leave their established and lucrative careers in pursuit of new Internet Business opportunities. These Internet Entrepreneurs are in pursuit of new B2B B2C eCommerce opportunities so they can make money online and generate prestige, independence, and financial rewards that exceed the levels most obtained in their previous careers.
This blog, and related posts, will continue to provide a blueprint for making money online with Internet Marketing. You will find step-by-step road maps for various parts of the Internet Marketing business. You will find material that provides an entrepreneurial game plan generating a new approach to work, family, and lifestyle. You will find tools, education, training, and support. And you will find a community of like minded entrepreneurs that are using the Internet to get out of debt, build wealth, and secure their financial future forever.
In closing, be sure to Read More of my Posts at aspenIbiz blogspot, my Internet Marketing blog; Obtain Some Tips About Being No 1 on Google at aspenIbiz My Go-To-Market Partners website; and Learn How to be Savvy with Your Money Like the Insiders at aspenIbiz The Conspiracy For Your Money Blog.
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