The Small Business Administration reported that the United States has dropped to third place in promoting the entrepreneurial spirit, and fostering creativity. Entrepreneur magazine (December, p. 18) published a condensed ‘unvarnished’ response to their question “Where’s the entrepreneurial spirit?” Here are a few responses and mine, too:
I agree with this. Too many times I hear “I have a good idea for a business” but then don’t see any action!
2. Running a business is like balancing on a log in the water: Fancy footwork will keep you up, but it takes bulldog tenacity to stay there. With so much negativity, undermining and unpatriotic chin-wag it discourages honest, hard-working people from giving it a go.
My response to this comment: If you listen to discouraging comments, then you don’t need to be in business. For every person, like me, who preaches the entrepreneurial spirit, there are hundreds who are pessimistic, “risk-adverse”.
3. The cost of insurance, licensing, small-business taxes and hiring employees is astronomical. Most mom-and-pop businesses are on a shoestring budget.
My response: Most mom-and-pop businesses don’t want to be more. When I was running a marathon, someone from the sideline yelled, “How’s it going? ” I yelled back, “One step at a time.” I finished, by the way, actually 9 different marathons!
4. By the time young executives get out of student loan debt, they are at a point in their lives where it is hard to take the risk of entrepreneurship.
Unfortunately, I hear this all the time, and I understand.
We do what we have to do. I wish we do what we want to do while still doing what we have to.