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Happy first day of December! It’s December and the end of the year is in full-swing. Don’t go into the holiday travel season without the December Book-of-the-Month: Business Adventures by John Brooks.

December means that its holiday time. No matter what holiday you celebrate it’ll...

Female celebrities are breaking the stereotypes of Hollywood and diving into the world of business. Check out how these women are using their fame, fortune, and power to start their own companies. From media production to makeup, these Top Female Celebrity Business Owners are doing it all!

As...

With only a few weeks lefts in 2017, it’s time to get organized now! The holidays are around the corner and you don’t want to be scrambling at the end of the year. Use these Small Business Organization and Tax Tips to End 2017 to help you keep the end of the year stress to a minimum.

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Resource Center > Article
Why America Needs Small Business Entrepreneurs and the Policies to Support Them
1 Sep 11 Posted by: Kathleen C Lanza
in Start-Up
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Entrepreneurship in America is a vital source of employment, economic growth and innovation.  In fact, it’s one of the few things that continues to make our nation great and that will ensure we remain globally competitive for the foreseeable future.  Policymakers and pundits alike would agree that encouraging entrepreneurship of any kind, including home-based and other small businesses and franchises in particular, will need to be a critical component of our country’s economic recovery.

This viewpoint is wholly supported by a recent Kauffman Foundation study entitled “Frontier Economics: Why Entrepreneurial Capitalism Is Needed Now More Than Ever.”  It concluded that America’s long-term economic wellbeing will largely depend upon its ability to encourage entrepreneurial start-ups.  Furthermore, the report emphasizes steps that can and must be taken to increase free-market competition, starting with reduced government intervention.

The study’s author and Kauffman Foundation senior scholar in research and policy, Brink Lindsey, says that “innovative growth,” which results from the generation of new ideas, becomes far more important as countries grow richer.  He terms this relatively new economic paradigm “frontier economics,” and explains how it is largely dependent upon technological development and advancement.  In this new economic reality, according to a statement about the report’s findings, “the ceaseless trial-and-error experimentation of competitive markets becomes indispensable.”

It goes on to explain that as technological advancements continue to be made, mass production and distribution creates mass affluence, which in turn creates an increased need for “wide-open competition among countless rival new ideas.”  It is only by fostering this new level of competition that the “puzzle of increasing consumer welfare” can be solved.

Wealthier nations must “rely on innovation to keep growth going and, therefore, the more we need free-market policies that foster the creation of new businesses and the implementation of new ideas,” Lindsey says.  “If we are to rise out of the current slump and launch a new, 21st century boom, it is in the direction of freer, more competitive markets that our policies must turn.”

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I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

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