Revitalizing the American Dream
July 8th, 2010 | 
Author: Did you catch the compelling article in this month’s Inc magazine entitled “Revitalizing the American Dream?”
Their premise is that business start-ups can revitalize not only our dreams but create thousands of new companies and millions of new jobs. I have been saying for months now that the job market we used to have is NOT coming back…the entire foundation of how we make a living is changing with the Entrepreneurial Renaissance. That is why we need to focus on creating our own businesses – even those who are “temporarily” unemployed – rather than waiting passively by for another j.o.b.
The report points out that we need capital, interface with graduates, tax breaks for angel funding, and other legislative support from the Obama administration for the economy to be more financially friendly to entrepreneurs…and also suggests such radical measures as ceasing the enforcement of noncompete agreements too. I HIGHLY recommend that you buy this issue and read it – or go to the main article here: http://www.inc.com/magazine/20100701/revitalizing-the-american-dream.html
What do you think of the authors’ ideas? Submit your comments below and let’s start a discussion!
Posted in Life Purpose
One Response to “Revitalizing the American Dream”
Marcia Bench, MCCC
Non-competes are already generally unenforceable in CA; however, due to the overly onerous (is that an oxymoron?) regulation that the “nanny state” of CA has, it’s very, very hard to start and sustain a business, especially if you have employees. If those regulations could be watered down or eliminated (thoughtfully), the non-compete issue, coupled with this, would make CA a great place to do business, and lower the cost of doing it substantially. Once the Bush tax breaks expire, at the end of the 2012, many favorable tax breaks for businesses will also change or disappear, thus making it even more difficult to reward those who take the risk and start a business. I do agree with the premise of the article, and with what many in HR and Career Coaching have been saying for about 10 years: the age of the free agent is coming; this will be a radical change for the way everyone does business and if one doesn’t adapt, one gets left behind. Now the question is “what happens with the free agents are in India, Pakistan, the Phillipines, etc. in terms of competitiveness?”.