Creating New Jobs. Who Does This? The Good News.
True or false? “Small Business is What Creates Jobs”. Some of the hurdles that are placed on entrepreneurs are things like:
- Loans: If you are starting a business that requires “blue collar” workers, which may be many people out of work these days, banks may not be keen on lending money for this type of enterprise. On the other hand, some SBA banks are still giving out loans to those that can meet the requirements of collateral, good personal credit, a plan. Whoa….many folks with great ideas might get knocked out of the box on those qualifications. For those who want the “white collar” workers, the same rules apply.
- Certification: How does certification support the creation of something that never has been done before. And the Fortune 500 companies want a solid track record and big revenue streams as well.
I am sure there many more obstacles in the way.
While it has been said that it will take the creation of 20 new firms to produce just one (1) employee, more and more people are braving the entry into small business land and finding new ways to get the financial and personnel support they need. They are not on six degrees and 4 certifications before starting out. The difference is that they are focused on producing a product or service that has real value.
Jim Collins (Good to Great and How the Mighty Fall) says that lack
E&K Poole usm.edu
amateurism, people who don’t have all the answers but just love trying to get it right, has in part been a contributing factor in the hiccup ours and the world economies have experienced. Amateurs don’t do it for the money. An often repeated phrase “I can’t believe I’m getting paid for something I love”.
“I can’t believe I’m getting paid for something I love”
The Costs of Entrepreneurial Job Creation an article by Scott A. Shane in the N.Y. Times paints the cost of creating entrepreneurs and then jobs to replace the jobs that have been lost during the current recession at $225. billion or ten times the US governments’ original cost estimate. One question that Shane is asking is, should our government try to target entrepreneurs who say their goal is to have employees or should they treat all new business start-ups equally. Our answer is did Google know that it wanted to have a staff of thousand? We don’t think so. We think they were looking to create value and were passionate about what they were doing.
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