The Global Entrepreneur Nation
“Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.”– Ronald Reagan
The voice of entrepreneurs in the Global economy is a quiet voice that will save the US and Global economy, and although their collective voice is several million, entrepreneurs are quietly working hard every day to operate and maintain their businesses, although certain aspects of Entrepreneur Nation is not so quiet since the economic engine is heard loud and clear for those who take the time to listen, but right now it is being drowned out by the special interest groups that own US congressional members and the White House including labor unions and big business that have seen their better days and now only serve to be a major drag on the rest of the economy as evidenced by statistic after depressing statistic directly related to their market place meddling , and because they proportionally demand too much from the people of the United States just for survival, and in the union’s and big business quest for survival they have brought down every corner of the economy.
Many everyday common business names that many of us have grown up with, and developed the mind-set that they would be around forever, have been forced to close or are faced with liquidation and bankruptcy, while others will be able to reinvent themselves in time to adapt to the ever changing markets and trends.
This is a critical time in the life of the US and Global economies, as this is the time for Entrepreneur Nation begin to awaken through reinvention, change and adaptation and begin to shine and save both the US and Global economies, since innovation and recognition of opportunities are its cornerstones, and as many businesses are forced out of business because consumers that make up the markets are still not spending, and are currently idling in save mode, or paying off their tremendous share of debt built up over the past 20 years.
With the natural forces of the market place, it is part of the natural occurrence and flow of inevitable market events, that businesses with extremely weak and unfavorable balance sheet and cash flow positions, are too weak to continue operating in today’s economic environment, and should execute any exit strategies they might have, and new entrepreneurs and investors
with clear and concise business plans, and good balance sheet and cash flow positions take advantage and seize opportunities to take their place and meet future demands as markets begin to recover, and develop new innovations to improve services and products.
The Entrepreneur Nation knows that it is unnatural for the tremendously bloated spending and associated debt that is being accumulated by the result of misguided and wrongly influenced bureaucrats in Washington, funding businesses which need to close, or be reinvented or scrapped altogether, scrapped to make room for new breeds of entrepreneurs and business that can meet the new challenges and demands, and change quickly to meet new trends as soon as they are identified and develop new and more effective market strategies. It makes more sense to provide this type of funding to growing businesses with more solid financial positions and detailed business plans to create wealth, jobs and more opportunities.
The Global Entrepreneur Nation is made up of innovators that observe and take advantage of opportunities, create new goods and services, and improve existing products, provide choice by adding goods and services to the marketplace, as they offer variety and design different approaches to familiar problems, and finally but most importantly, hire workers for their businesses, and by consuming resources and provide jobs in the industries that supply those resources, and helps the Global economy grow.
Entrepreneurial Innovation and the Next Great Entrepreneurs
Purposeful and systematic innovation begins with a detailed analysis of the existence and sources of new opportunities and the sources of course will have differing importance at different times. Whatever the situation, innovators must always be consciously analyzing opportunities and their sources because of the fluidity and ever changing trends in the market, and innovators must constantly be on the outlook, ask the right questions and listen for the right answers.
Successful innovators are both analytical and insightful, being able to look at potential customers and study their expectations, their values and their needs, and analytically evaluate how and if the innovation is going to satisfy the identified opportunity. They must be able to look at the market as a whole including customers and trends both past and future, and with their insightfulness identify opportunities to meet demands and solve problems with their innovations.
An innovation has to be simple to be effective, and in its focus there is only one thing to avoid, confusing the customer and the innovator’s quest should be to hear simple praise like “It’s so simple!”, and “It’s obvious!”
But all great innovations share one characteristic of above all others, and that it is hard work rather than genius that the delivers the final innovative realizations. It requires the accumulation of knowledge, and through that knowledge the development of ingenuity while remaining focused throughout the process, and while innovators are talented in a wide range of areas, the great innovators remain highly focused and are able to maintain momentum.
So if you aspire to be an innovator and an entrepreneur, constantly look at the way you spend your time, and evaluate whether you are creating the next great innovation in an environment that is conducive for the development of innovations? Are you focused on what’s going to happen when your current product or service becomes obsolete, and are you developing something that cannot be copied, gadgets or social inventions?
It is extremely likely that the next wave of enduring companies to leave their stamp and greatly impact and change markets will be built not by technical or product visionaries, but social visionaries. Social Entrepreneurs who see the realities of society’s changing human nature and creative trends, and develop new ways, methods and tools of organizing human effort and creativity.