July 22nd, 2010 21:46 EST
Is Entrepreneurship as We Know it Winding Down?
In business, nothing matters more to me than free enterprise and the success of entrepreneurship across America. The values that entrepreneurs bring to business are what have made this country great over its 234-year history. But I`m concerned that the current business and political environment is so unfriendly to entrepreneurs that the death of entrepreneurship may be eminent.
If entrepreneurship goes down the drain, so too do millions of future jobs. It is well known that the economic recovery, as well as the economic growth of the nation over time, depends on entrepreneurial success.
Large companies do a good job of maintaining operations, combining and acquiring businesses, and stabilizing them, but they aren`t known for exceptional results in innovating and launching new enterprises. Big companies try their hand at the "start-up game," but their risk profile and the nature of the expertise they bring to the table is frequently counter-productive with regard to innovation, at least compared to the way that entrepreneurs do it.
The biggest companies count on entrepreneurs to innovate and start enterprises which they can acquire and grow further. It is part of the business lifecycle - and the natural balance that exists between the many strata of companies has worked well. But that balance is in jeopardy.
The government`s policies over the last few years have become very unfriendly to entrepreneurs. Starting and operating a business has become more expensive and more complicated. These factors limit the number of people who can enter the entrepreneurial environment, and I fear for entrepreneurs who are trying to organize themselves in these difficult times.
Credit is tight. Entrepreneurs generally have had their balance sheets assaulted -- even more heavily than our corporate counterparts. Economies of scale have never been more important and entrepreneurs don`t excel when it comes to acquiring these efficiencies. And the requirements for specialization in business have grown multi-fold -- another place where entrepreneurs tend not to excel.
My concerns for entrepreneurship have become the basis for much of the business strategy I dispense to clients, friends and fans. It forms the basis for how I have directed my own companies and ventures. This is not a time to lie down and curl up. Tremendous opportunity exists, but new plans and strategies are necessary.
I am not one to rant without a purpose. There is a specific business strategy that has grown out of this unfriendly economy and I want to share it with you so you can take action and use the current environment to your great advantage whether you are in business, film, real estate, or some other aspect of entrepreneurship.
Check back in a few days and I will tell you specifically what entrepreneurs need to do to optimize these tough times.
If you have an opinion or thought on this topic, please write a comment by entering your thoughts in the form below. Let us know what you think and if my thoughts resonate with yours.
Our readers enjoy reading what others think. Send a link to this blog to one or more of your friends and get them to become one of our subscribers. This will help us to expand our circle of influence and allow us to share this and other great material with your friends. Thank you for being one of our loyal readers. We appreciate you and we are rooting for your success.
We are in the real estate syndication business. We invest in properties and we offer seminars to assist others in acquiring the skills needed to raise capital (syndicate capital) to acquire properties. Imagine knowing how to pool funds to purchase any real estate investment, whether it is for single family, multi-family, commercial or another kind of investment property. For full information, go to www.syndicatefast.com.
Our real estate company is Bullseye Capital (www.bullseyecap.com), a full service real estate company that supports owners and buyers of real estate assets with brokerage, leasing, property management and mortgage services. We also provide investment opportunities to accredited investors who want to take advantage of the opportunities.
About Joel G. Block, President of Growth-Logic, Inc. Often dubbed a "Growth Architect" by his clients, Joel Block advises companies on explosive growth strategies by driving revenue and sales. Well known in the capital markets, Joel is a successful entrepreneur, speaker, advisor and astute investor. To bring Joel into your company, please visit http://www.joelblock.com.