Author: Randy Hill
• Wednesday, February 25th, 2009

The biggest shortcoming of the recently passed stimulus package is that it does little for the most important people in the economy: entrepreneurs.  So says a great article in this week’s Wall Street Journal:

http://online.wsj.com/article/SB123544318435655825.html

As readers of this blog know, I have long believed that entrepreneurs are the key to turning the economy around.  But does anyone around the president know that?

Here is what the Journal article said:

“At its best, the stimulus legislation is an immensely expensive attempt to restore what the U.S. economy has lost in the last few months. But the world is already moving on. The only way the American economy is going to regain its lost health and vitality is to lead the world into the future. Entrepreneurs are the only people who can get us there.”

Amen.  And that’s why so many colleges are beginning to move their business departments more in the direction of entrepreneurship.  My alma mater has an entreneuer-in-residence right now.  He brings his real world know-how into academia.  And the winners are the students who learn how their classroom knowledge can work in the corporate boardroom.

The bottom line is that economic downturns create opportunities for entrepreneurs.  So why not help the entrepreneurs create new ideas? I’ll have more to say on this in a few days when I unveil my first e-book devoted to this very topic.

-Randy Hill

Category: ACU, BUSINESS, ECONOMY | Tags: , ,
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