Government, Entrepreneurs, Economy

The Government and the Entrepreneurs - NYTimes.com: " . . . . Government is responsible for the overall infrastructure in a country, and this includes access to education, decent roads and other transportation links. There is also a case for supporting basic technology development, like at the university level, for example, because of the spillovers or externalities throughout the economy. (I work at M.I.T., which benefits greatly from such support and which has had a major impact on new business creation.) In innovation-based economies (as the Global Entrepreneurship Monitor classifies them), what governments really need to do is to encourage people – entrepreneurs and the equity investors who back them – to take risk and ensure that failure is seen in a positive light, rather than as some kind of stigma. The message should be: Go out and start a business, based on your best idea. Find a technology with a new application or develop a different way to make customers happy. If it doesn’t work out, you have still developed important skills and made a major contribution to society."

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Reinventing self is a new normal in this economy

 launch a business to address a need virtually overnight--

Reinventing self is a new normal in this economy | www.ajc.com: "For years now the economy has been forcing people to take stock of their lives and in some cases reinvent themselves. . . . Jared Nichols, a strategy consultant and author of “Leading the 21st Century: the CEO’s guide to Thriving in a Volatile & Uncertain Future,” said that barriers to creating new businesses are all but gone and that people are better equipped, better connected, and far more resourceful than at any point in human history. “In the 20th century the individual was subjected to a hierarchy of information, resources, and connections,” Nichols said. “Today if an individual sees a market need they can launch a business to address that need virtually overnight.”. . . . "
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