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Missouri Small Business and Technology Development Centers Blog

The entrepreneur next door

Entrepreneurs viewed as heroes who contribute greatly to our nation

05/27/2010

In recognition of National Small Business Week, Dan Danner, president and CEO of the National Federation of Independent Business, released the following statement:
“New research from the Pew Research Center shows that 71 percent of Americans say small businesses have a positive effect on the way things are going in this country, more than any of the 13 sectors the group asked about. At the bottom of the list are large corporations (64 percent said negative), the federal government (65 percent), Congress (65 percent) and banks and financial institutions (69 percent negative).”

In a recent article in the Wilson Quarterly, Margaret Graham notes that two generations ago, folks like Steve Jobs and Bill Gates — entrepreneurs who built monolithic organizations — would have been viewed as marginal, even perhaps disreputable figures. Today, they are heroes of industry, having taken their entrepreneurial creativity to a new level in corporate America. They made the corporation entrepreneurial. Beneath the big umbrella that is Apple or Microsoft are hundreds of inter-relationships with small firms, creative units and enterprising individuals.

Could it be that the little guys have taught the big guys a thing or two? The fact is that all through history, it’s been the entrepreneurs who gave birth to the revolutionary ideas that revolutionized a nation. Think Thomas Edison and Henry Ford. Whereas the emphasis in that era was to grow big, create systems of mass production and take those innovations to an eager nation, the emphasis now is on agility, response to innovation and adapting to new market demands. The idea of entrepreneurship as a disruptive force has gone from a negative connotation to a positive one.

Regardless of the time, generation, economy or environment, whether they are viewed as villains or heroes, entrepreneurs have changed the course of history in more ways than we can fathom.

Big business spawns opportunity for small business

05/18/2010

The news that IBM will be opening a technology support center here in central Missouri, creating more than 800 jobs with an average salary of $55,000 each, is certainly great news for our region. Mid-Missouri has a higher than historic unemployment rate, and many of those individuals are highly skilled workers who have lost well-paying positions due to plant closings, down-sizing, out-sourcing and the overall economic malais. We can only hope that they will find new opportunities with the big business soon to be our neighbor here in Boone County.

The even better news, at least from our perspective, is that this renewed earning power will enhance the spending power of mid-Missouri workers, and that’s great news for the area’s small businesses. As more disposable income enters our marketplace, we can also hope that it spawns healthier bottom lines for our region’s entrepreneurs. After all, it is these firms that give our community its color, diversity, fabric and interest — the qualities that attract a big concern like IBM in the first place and keep it here for the long haul.

Better days are here again — for all of us!!!

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Updated: 3/26/12