We're not in a bubble. We're not in a boom and we're definitely not going to bust. We're watching a new ecosystem emerge, albeit prudently, which presents fairly fertile ground for entrepreneurs with sound business models and opportunity aplenty for those with the patience and persistence to ride the next wave.
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.