Back to Basics…Invention & Innovation Can Save Your Job abd Save America!

October 23, 2012 in Our World

America was built on the backs of people who freely invented and innovated their way to success. People like Franklin, Edison, Ford, Gates to name a few, plus thousands more who have been the role models and inspiration to millions of people worldwide This incredible process has been a magnet to millions of people who immigrated to the U.S. with dreams of one day experiencing their own success stories.


Over the past two centuries, America has led the world in the creation of new technologies and life altering tools. Yet, if one would look at the country today, it could be easy to reach a different conclusion as to what has made us successful. Actions such as massive government financial bailouts of businesses that are 'too big to fail' or government officials becoming the heads of industries in automotive, banking and finance create a different picture. In our quick look, we are seeing a 'snapshot' that is far different from the history that preceded it. What happened? Did we miss something? Has small business lost its ability to create jobs and opportunities for economic growth? Has the entrepreneurial spirit so alive and vibrant for hundreds of years grown weary and stale? Has something else taken its place that is better and more effective?


According to U.S. Department of Commerce statistics, the U.S. economy is comprised of 99.7% small business that is defined generally with having less than 100 employees. Yet, this category called 'small business' is responsible for almost 78% of all job creation. Yes, that is worth repeating…78% of all new jobs, that's eight out of ten new jobs are created by small businesses in the United States!


If you knew this fact and wanted to create economic growth quickly, what would you do? If you are a government decision maker tasked with turning our economy away from the brink of depression, what would you do? Based on this fact, one would believe that in an economic crisis government would do whatever is possible to keep small business going and growing. This only makes sense…common sense. Yet, the opposite is happening. Small businesses all across the United States are drying up and dying due to a lack of credit and financial support from banks, financial institutions and government agencies. Even the Small Business Administration (SBA) historically a key ally of small business is totally ineffective and unable to provide support because of the financial system meltdowns. Government is discussing how to tax small business more instead of how to help small business generate more income. Does this make any sense? Does saying "Stove give me heat and I'll put the wood in" make any sense? So, what does all this mean? What can be done?


Here's a suggestion. The United States Congress must go back to work. Instead of political game playing and an atmosphere of 'she said, he said' playground squabbling, it needs to focus on what has historically made this country's economic engine go. It is not government giveaways. It is not government handouts to big business and it is not massive spending on programs that will take years to implement. The answer is much simpler. It requires the immediate loosening of credit and the funding of small businesses that are started and managed by energetic, risk taking and hard working entrepreneurs.


Look, when all else fails, go back to the basics. Vince Lombardi, the great professional football coach for the Green Bay Packers knew that it was following the basics that created success. Regardless of the team's experience level standing before him, when the Packer pre-season training camp opened, he would always start off by holding up a football and saying…'Gentlemen, this is a football!'


Now, to every person in our state governments, to the United States Congress and to our President, we respectfully must say…"Gentlemen and ladies, this is small business!"


You must be logged in to views and add comments.
s2Member®