The classic top-down approach to job creation is deeply flawed. It's not enough to simply put more people on payroll. For the economic recovery to truly take off, we need companies that are innovative, disruptive and scalable. The most effective action governments can take to support job creation is to create conditions that support individual entrepreneurs.
While some weren't blown away with this week's debut of the latest iPhone, and Tim Cook has some big shoes to fill, Steve Jobs left him with a powerful and intricately designed global operation that will be tough to break. A closer look at this gives entrepreneurs a perfect case study on how to create a business that stands the test of time.
When I left what I thought was my dream job to launch a start-up, I truly believed I was onto something huge. Initially, I was following my instincts; however, looking back, some key indicators reinforced my gut feeling. Think you're on the precipice of the next big thing? Ask yourself these questions first.