More capital targeted to high growth entrepreneurs with venture-fundable ideas, and administered through the professional investment community, is a good thing, and particularly so in our current environment (when venture capital funding has been less available than in the past).
Social entrepreneurship was not really open to prior generations, and allows the new generation to make a distinctive contribution to themselves, their family and the community, that can enhance both the sustainability of the family assets, and the sustainability of the world.
What's been occurring for the last 50 years within Silicon Valley's tight cluster of suburban towns is nothing short of an "entrepreneurial explosion" on par with classic Athens, renaissance Florence or 1920's Paris.
At least once a day at work (and all too often at cocktail parties), I have the opportunity to explain to a newcomer in my field why I think small and growing businesses (SGBs) are key to long-term poverty eradication in developing countries.
Think about it. Where did Google, eBay, and Facebook come from? They inched their way into public view before the first multi-million dollar funding rounds, and they have never had a big public launch.
For all of the encouraging trends regarding the growth of African-American entrepreneurship reflected in the Census data, a shift is necessary to start growing the types of companies that can create a much more significant number of jobs.
Just because headquarters can't figure out how to make your location viable does not mean you can't. You've been sitting behind the cash register for years now saying, "If it was up to me..." So, do it!
Don't ask your customers for their "willingness to pay." Instead, do your homework and ask them about their value drivers. Then tell them what they should pay and why, and you'll be on a happy road to higher profitability.
Campaigns that highlight the importance of local independent business can provide a big boost for small businesses and local economies battered by the recession, suggests a new survey by the Institute for Local Self-Reliance.