A small business quote a day keeps you thinking, inspired and entertained
“This would, at a stroke, reduce the rise in prices, increase production and reduce unemployment.”
Edward Heath (1919-2005) British prime minister, referring to a government policy intended to deal with United Kingdom economic problems, press release (June 1970)
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A small business quote a day keeps you thinking, inspired and entertained
“I will undoubtedly have to seek what is known as gainful employment, which I am glad to say does not describe holding public office.”
Dean Acheson (1893-1971) US statesman, Time (December 1952)
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A small business quote a day keeps you thinking, inspired and entertained
“Unemployment is a reproach to a democratic government.”
Joan Robinson (1903-83) British economist
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A small business quote a day keeps you thinking, inspired and entertained
“There is most definitely a role for government in the innovative process. The market does not do everything well.”
Anne K. Bingaman (b. 1943) US lawyer, speech, University of Kansas Law School (19 September 1996)
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A small business quote a day keeps you thinking, inspired and entertained
“It is a function of government to invent philosophies to explain the demands of its own convenience.”
Murray Kempton (1917-97) US journalist, America Comes of Middle Age (1963)
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A small business quote a day keeps you thinking, inspired and entertained
“Government has an essential role to play in investing in the human resources and infrastructure needed to develop an entrepreneurial culture.”
Anthony Giddens (b. 1938) British sociologist & author, The Third Way : The Renewal of Social Democracy (1998)
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A small business quote a day keeps you thinking, inspired and entertained
“Government has no other end but the preservation of property.”
John Locke (1632-1704) English philosopher & political thinker
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A small business quote a day keeps you thinking, inspired and entertained
“The Americans were not put on the earth to become managers of decline.”
Ronald Reagan (1911-2004) US former president & actor, Speaking My Mind (1990)
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A small business quote a day keeps you thinking, inspired and entertained
“There’s only one place where inflation is made: that’s in Washington .”
Milton Friedman (1912-2006) US economist & winner of the 1976 Nobel Prize in Economics
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The Entrepreneurial Capitalism Revolution.
Given the state of our economy world-wide, I hope that politicians and governments alike have learned their lessons. If nothing else they should have learned that the ‘Big Firm Capitalism’ has got us into big trouble. We are spending billions to bail these guys out, with money, tax money paid by ordinary people and micro- and sme-businesses.
At the same time these ‘ordinary’ people and small business suffer, as banks and other big business are lining their (pockets-) balance-sheets for the benefit of their shareholders with public money. The reduction in interest rates, was but a red herring, since it has not reached the people it should have reached and never will. The oil price fell below $60 a barrel, that is down from over $140, a reduction of over 55% and the pump prizes have fallen by how much ? 10 to 15%, it is a distasteful, to say the least.
The only way forward to create secure jobs, make local communities viable again, help with our carbon emission targets and most of all create a stable economy, not based on excesses and creed, is to support the creation of small business and foster entrepreneurial thinking even in people or students who will never start a business of their own.
One of the lessons we all learn in business school is, that it is better to have many small customers than a few big customers, it makes for less volatility in the business when one or two customers leave or do not pay. Maybe government economists needs to learn this lesson too.
On the positive side there are signs that government is trying to get better at helping small business, with initiatives that are intended to help, but don’t always hit the mark, because they just don’t understand what micro and small business is and which problems small business face.
It is difficult to do that if you have an army of people who help you to run your office everyday, send, type your letters and parcels and get things done. In other words a luxury small and micro business don’t have. Add to that red-tape, funding problems at the best of times, stigma if a business fails and many more and you can see why we have a long way to go.
One thing is for sure, only the entrepreneurs will get us out of this mess, so let’s help them for once and applaud their efforts. –ST.
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