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Prosperity

A Missing Piece of Entrepreneurship

July 25th, 2014 // 7:38 am @

What Some Entrepreneurs Are Missing

A missing piece of entrepreneurship Free enterprise rewards A Missing Piece of Entrepreneurship

I write a lot about entrepreneurship, even though my main focus is freedom. The reason for this is simple: free nations are always nations with a strong entrepreneurial sector. There are no exceptions in history.

Put simply, the great free nations of human experience had a flourishing free enterprise. This was true in ancient Athens and ancient Israel, the Swiss free era and the Frank golden age, the free periods of the Saracens and also the Anglo-Saxons, the American founding era and the modern free nations of Britain, U.S., Canada, Japan and Europe, among others.

Take away free enterprise, and a nation’s freedom always declines. Shut down the entrepreneurial spirit, and liberty rapidly decreases.

The main reason freedom rises or falls with entrepreneurialism is simple: 1) to succeed as an entrepreneur, a person must exhibit the character traits of initiative, innovation, ingenuity, creativity, wise risk-taking, sacrifice, tenacity, frugality, resilience, and perseverance, and 2) these characteristics are precisely the things that through history have proven necessary for free citizens to stay free.

 The Hidden Problem

The large majority of responses when I write about entrepreneurship are thoughtful, insightful, and even wise. But once in a while when I write an article pointing out the importance of free enterprise and entrepreneurship to freedom, I get a strange response. I call it “strange” because it shows that some people don’t quite understand what I mean by entrepreneurship. Such comments go something like this:

“I’m a born entrepreneur, and I’ve started dozens of businesses, so I understand that…”

“I have a list of ideas for successful entrepreneurial projects—could you suggest which of these might be the best options…”

“My spouse is constantly starting entrepreneurial ventures and using up our capital in such schemes, and your article made him want to do several more of them…”

These types of sentences are a real head-scratcher. Why? Because this isn’t what successful entrepreneurship and free enterprise is all about. Not at all.

Successful entrepreneurs typically start 2-4 businesses during their life, not dozens, and at least one of them becomes an important enterprise. The free market just doesn’t reward people who start dozens of businesses, frequently jumping around from business to business.

People who are constantly engaged in their latest “start-up” aren’t really following the entrepreneurial path. They’re just endlessly repeating the first part of it. Free enterprise rewards those who stick with a business until it becomes a real success, or who learn from the mistakes of the past and then stick with the next venture until it truly prospers.

A lot of successful entrepreneurs have had a failure or two, but not many of them have spent their years working on dozens of businesses. They soon learn to pick one and do what it takes to succeed. They buckle down and go through the process of turning their company into something.

In fact, many successful owners have suggested that it takes about 10,000 hours, or even more, to become good enough at a business or economic sector to make it profitable. Those who are constantly jumping around just can’t ever get there.

 The Real Thing

When people talk about an entrepreneurial attitude or viewpoint of always starting another business, that’s one thing. But it’s not the same thing as tenaciously persevering until one business flourishes—and then tenaciously persevering as it keeps thriving.

a missing piece of entrepreneurship hard work and tenacity 995x1024 A Missing Piece of Entrepreneurship

This latter approach is the kind of entrepreneurship that builds a nation. It’s more than just a posture or a habit of starting a bunch of businesses. It’s more than liking the idea of business ownership. It’s more than talking about being your own boss.

It takes an amazing amount of hard work and tenacity to make a business truly work. Nothing else really gets the job done—for entrepreneurship, or for freedom.

This might seem like a little thing, like a meaningless play on words, but it isn’t. It is huge! Entrepreneurship doesn’t spur liberty in a society just because some people have an independent, “I’ll do it myself” or “I’d rather be my own boss” attitude. That’s part of it, but there’s more.

Free enterprise is great when the enterprises work. This happens only when the small business owner pays the price to become a successful leader and make the enterprise blossom and grow.

Again, this might not always occur—and it never comes easily—but the leaders who build a free nation are those who hunker down and do the hard work to make it happen. Even if they fail, they make it happen the next time. One dedicated day at a time. Through all the hard times and challenges. Even when everyone else would have given up.

A nation with a lot of such entrepreneurs has a real chance at freedom.

A nation without them never does.

*******************

odemille A Missing Piece of Entrepreneurship Oliver DeMille is the New York Times, Wall Street Journal and USA Today bestselling co-author of LeaderShift: A Call for Americans to Finally Stand Up and Lead, the co-founder of the Center for Social Leadership, and a co-creator of TJEd.

Among many other works, he is the author of A Thomas Jefferson Education: Teaching a Generation of Leaders for the 21st Century, The Coming Aristocracy, and FreedomShift: 3 Choices to Reclaim America’s Destiny.

Oliver is dedicated to promoting freedom through leadership education. He and his wife Rachel are raising their eight children in Cedar City, Utah

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A Huge Surprise! by Oliver DeMille

July 21st, 2014 // 6:09 am @

My Eureka Moment

A huge surprise Freedom Works A Huge Surprise! by Oliver DeMilleIt was downright amazing! Surprising, in fact. Shocking. Actually, I don’t think the American founding generation would have been surprised at all. They would have expected it. But for me, raised in our modern world, it was a true Eureka!

I should have seen it coming, to tell the truth. In fact, if someone had asked me beforehand to predict what would happen, I’d have put on my forecasting cap and I…probably still wouldn’t have known. But nobody asked, and I didn’t give it a thought. I guess I’m getting ahead of the story, though, so let’s back up a bit.

Petitions and Amazing Happenings

Last summer and fall a number of people in our small town went around getting citizens to sign a petition. The city had decided to raise taxes to meet the growing demands, and some people thought this was a bad idea. The truth is, the leaders in our town are very dedicated and honest—the ones I know personally, which includes most of them, are people of deep integrity.

The same is true of the citizens who talked to me about signing the petition. I studied the issue and decided that, in my opinion, we really didn’t need the additional services the tax increase would cover. I signed the petition.

So did a lot of people, and the taxes were postponed—at least for a while.

Then came the annual 4th of July celebration. Of course, one of the great traditions of Independence Day is watching the fireworks. This was suggested by founding father John Adams, and it has been a ritual of growing up for most Americans ever since.

But fireworks were one of the things cut by postponing the tax increase. As the 4th approached, this became a topic of discussion across back fences, near mailboxes, and anywhere else neighbors met. “I voted against raising taxes,” one neighbor told me, “but I’ll sure miss the fireworks.” He shook his head sadly.

I found myself agreeing with him. I repeated his sentiment several times during the last half of June.

Time passed, as it always does, and the holiday arrived. There was a parade, snow cones, barbecues and races. When evening came, my kids asked if I wanted to drive to the neighboring town and watch the fireworks. I told them to go ahead. On the one hand I felt a bit like a hypocrite for voting against the taxes and then driving to the next town for their tax-funded fireworks. But mostly I was just worn out from the day and wanted to stay home. “If only we could just sit in our yard and watch the fireworks like every year,” I heard my voice saying in spite of myself.

The kids left, and Rachel and I sat in the yard and watched dusk turn into darkness.

Then an amazing thing happened. Our neighbors just down the road begin shooting off amazing fireworks. Because the city wasn’t providing fireworks, policies were relaxed and people were allowed to fire up the kind of fireworks usually only done by the local government.

Firework Economy

We watched in awe. Because our home is on a hill, the bursts seemed close enough to reach out and touch.

But that was just the beginning. Right after the neighbors began their display, another one started just down the road. Then another, and another. We walked the stairs to our balcony and looked out over the valley. Every neighborhood seemed to have the kind of fireworks that in past years have only been done by the city. We counted seventeen distinct places that shot off huge firework displays.

A huge surprise Government does too much 996x1024 A Huge Surprise! by Oliver DeMilleWe watched them simultaneously. This went on for over two hours. The city’s usual annual display seemed to last about a half hour or so—I have no idea the actual timing, just my recollection. This one went on and on. An hour into this, three more neighborhoods started. Some ended, and new ones began.

We watched in awe.

It was by far the most amazing fireworks display I’ve ever witnessed. All provided by private citizens. As far as I know, all paid for without tax funds.

As we watched, and as it continued well into the night, I turned to Rachel and said, “I can’t believe it! The city government never did anything close to this! Look at what the people are doing, all by themselves.”

She nodded. “Government tries to do too much,” she said, “and ends up doing less than if they’d just let people exercise their freedom.”

“Can you imagine what would happen to our economy if the government would get out of the way and let free enterprise work?” I asked.

“Instead of standing on a balcony watching the best fireworks ever,” she replied, “we could stand back and watch the nation’s economy boom and blossom. There would be jobs, progress and more prosperity everywhere!”

The One Thing That Works

We sat and watched in silence for a long time. The explosions boomed against each other and echoed through the valley. Sometime close to midnight things died down, and shortly after that our kids came home. They piled out of the van laughing and talking.

“Did you see all that?” our twenty-year-old asked enthusiastically. “That was the best fireworks display ever!”

“We didn’t even leave town!” our seventeen-year-old said. “We started to go, but then all these places started shooting up fireworks. They were everywhere! In every direction…”

“So we just pulled over at the park and got out to watch them!” our fourteen-year-old interrupted. “It was so amazing!”

I looked at Rachel. “Someday the government will get out of the economy and tell the people they’re on their own…and then we’ll see what freedom can really do in America.”

“That’s what you’re here talking about?” asked our twenty-two-year-old daughter with a big smile, baby in arms.

We laughed. “Well, it is the 4th of July” I said. “Isn’t this is exactly what every American should be talking about today?”

Long after the 5th of July arrived I rested on my bed, eyes open, unable to sleep. One thought just kept coming back to me, over and over.

Freedom works.

Today’s America should give it more of a try. Deregulate and let free enterprise shine and flourish. Most people today probably can’t even imagine it, but I bet it’s amazing what the people of this nation would rise up and do if given the chance.

Freedom works.

America should try it…

*******************

odemille A Huge Surprise! by Oliver DeMille Oliver DeMille is the New York Times, Wall Street Journal and USA Today bestselling co-author of LeaderShift: A Call for Americans to Finally Stand Up and Lead, the co-founder of the Center for Social Leadership, and a co-creator of TJEd.

Among many other works, he is the author of A Thomas Jefferson Education: Teaching a Generation of Leaders for the 21st Century, The Coming Aristocracy, and FreedomShift: 3 Choices to Reclaim America’s Destiny.

Oliver is dedicated to promoting freedom through leadership education. He and his wife Rachel are raising their eight children in Cedar City, Utah

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Are You Really an American

February 3rd, 2014 // 2:02 pm @

real american Are You Really an American The more I watch the news, the more I wish we had more farmers in modern America. I grew up in a small town, and when I was a boy there were lots of farmers still left in the county.

The town was small enough that I knew, at least by face and name, pretty much every man and woman — and I noticed something different about farmers. They didn’t accept the “official line” on anything, and they never tried to impress or fit in. They seemed secure in who they were, not worried about whether they were popular or not. This gave them immense strength.

For example, one day while walking to school, I noticed water spouting high into the air from a broken fire hydrant. A local grocer I knew pulled over, watched it with me and a few other kids, and then said, “I’ll call the city office and tell them to come fix it.”

We all kept walking to school — crisis averted. Later in life, while traveling in a big U.S. city, I noticed a similar spouting hydrant. This time people just walked around it and kept going, as if they had never really noticed it. “No calls to city hall here,” I remember thinking.

But the really amazing thing happened back in my hometown the same day I saw the leak. I’m not sure whether the grocer ever called the city office, but on my way home from school the hydrant was still spraying water. It was hot, so my friends and I cooled off in the free entertainment provided by the leak. In a town this small, this provided high adventure.

While we were there, an old farmer pulled up in an old pickup truck. He got out, looked over the leak, then went and puttered around in the back of his truck. He returned with several tools, and twenty minutes later the leak was fixed. The man walked back to his truck, and I asked him if the city sent him.

I’ll never forget the truly shocked look on his face. “No,” he said. “I was just driving by. The hydrant was broke, so I fixed it.” Then he got in his truck and drove away.

I hauled hay a few times for this farmer, earning some spending money during high school. Neither of us ever mentioned the incident again. It was as normal as sunrise. The hydrant was broken, so the man fixed it. He didn’t work for the city. But he lived there — and a broken hydrant needs fixing.

At least, that’s the logic for a farmer. In many modern cities today, he’d probably be issued a ticket and have to pay a fine.

That’s modern America. When we don’t encourage initiative and innovation, we naturally get less of them. When we punish self-starting entrepreneurialism, jobs go overseas. When we reward “leaving solutions to the government,” we get fewer solutions. No wonder we’re in decline while China and Brazil, among other places, are on the rise.

I once told this story to a group of students, and two of them later served as interns at a state legislature. On the last day of the session, they sat in the seats high above the legislative chamber, reading through the session program and circling the names of the legislators who had become their heroes.

They said something like, “These were the leaders who never, ever caved in on principle, who always stood firm for what they believed — never playing politics or trying to fit in, just doing their level best to serve the people who had elected them.”

After they finished, they noticed something very interesting. Next to the picture and name of every legislator was their profession — teacher, accountant, attorney, businessman, etc. Every single one of the legislators they had circled was a farmer.

The two young interns were duly impressed. They remembered my story about farmers and fire hydrants, and they shared their experience.

Not every American can be a farmer. But every citizen can be an American — one who thinks independently, takes action when it is needed, and always takes a stand for the right.

Washington will get some things right and some wrong in the years ahead, but the future of America doesn’t depend on Washington. It depends on regular people: will they think independently, will they spend their lives trying to fit in, or in standing up for what is right?

Standing up for the right things isn’t always popular. But people who do it anyway are the only ones who keep a nation free. So, sometimes I ask myself a very important question: Are you really an American? Really?

That old farmer was. If you are too, prove it.

*******************

odemille Are You Really an American Oliver DeMille is the New York Times, Wall Street Journal and USA Today bestselling co-author of LeaderShift: A Call for Americans to Finally Stand Up and Lead, the co-founder of the Center for Social Leadership, and a co-creator of TJEd.

Among many other works, he is the author of A Thomas Jefferson Education: Teaching a Generation of Leaders for the 21st Century, The Coming Aristocracy, and FreedomShift: 3 Choices to Reclaim America’s Destiny.

Oliver is dedicated to promoting freedom through leadership education. He and his wife Rachel are raising their eight children in Cedar City, Utah.

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What’s Really Happening to Our Nation?

January 17th, 2014 // 10:00 am @

manholdingflag 300x221 Whats Really Happening to Our Nation?It happened on the same day.

Two people, who as far as I know don’t know each other, asked me the same question. Or, to be more precise, they asked two different questions that have the same answer.

In truth, this is a question that a lot of Americans have on their mind right now. Many of them don’t even realize it, but every time they watch the news, hear about current politics, or discuss Washington’s latest antics with friends or at work, they feel a growing sense that our government is becoming less and less likely to handle really big challenges.

The first question went something like this: “Oliver, I just don’t understand your logic in a recent article you wrote. I understand your concerns about big government, but why do you think business is any better?”

The second question was similar: “In your book, LeaderShift, you and Orrin Woodward have James Madison say that as business leaders go, so goes America. Why did you single out business leaders, instead of parents, academia, media or the government?”

This is an incredibly important question. Of course, I won’t presume to speak for Orrin — he can answer this question however he wants. His answers are always excellent. As for me, here’s my answer:

Where there is freedom, there is progress.
Where freedom is lacking, there is decline.

Yes, a little regulation can increase freedom — to the extent that it protects people and keeps contracts and agreements honest, and safe from crime. Beyond this, however, increased regulation means decreased freedom and therefore decline.

During the 1990s and 2000s, for example, the computing technology sector was probably the freest major industry in the world — and it brought us our greatest new fortunes, our major new technologies, and the biggest new advancements that drastically changed our world.

During that era, for example, most other sectors were highly regulated — and in decline as a result. Communications and media were highly regulated, banking became highly regulated after 9/11, transportation and manufacturing was highly regulated, and so was education, health care, farming, law, engineering, etc.

In fact, rewind a few decades, and note that the freedom in home construction and land development before the 1990s made real estate a major part of the economy. Huge fortunes, millions of jobs, and a lot of widespread prosperity came from this freedom. Not to mention widespread home ownership — the kind where people could actually afford their homes.

This kind of growth always happens where there is freedom.

And the increase in overbearing real estate regulation began before the housing bubble — it may well have caused it.

Remember: Where there is freedom, there is progress. Where freedom is lacking, there is decline.

Earlier in world history, America rose while Europe declined — precisely because America was free and most European nations were highly regulated. The same had happened when Greece and Rome chose high regulations while the European nations maintained relative freedom.

In the 19th century when Americans went west and found free lands to till, develop and improve, American prosperity soared. Later, when a Civil War gave a higher level of freedom to all Americans by ending slavery, prosperity skyrocketed. It took a while, but in less than eighty years the United States became the world’s leading power.

Freedom brings progress.

When industry, farming, education, and health care were only barely regulated (just enough to provide basic, obvious protections), all of these sectors made huge wealth, built a strong America, created millions of good jobs (where one working adult could support their whole family), and spurred increased innovations and technologies.

While big-government Europe watched its people live in apartments, small-government America watched its citizens build and own independent homes, often with large yards.

In big-government Europe well-to-do families owned a car; in small-government America even many lower-middle-class families owned several.

Freedom brings progress; decreasing freedom brings decline.

So many more examples from world history could be discussed. Sectors free from regulation lead a nation, at least until politicians figure this out and find ways to regulate them.

Today, there are at least five sectors that have higher-than-average levels of freedom:

  1. Family
  2. Home businesses
  3. Network marketing businesses
  4. Online businesses
  5. Businesses that operate across borders in many nations

Note that politicians are already scheming ways to tax online businesses, force people to buy an electronic stamp for each email or Facebook update/relationship change, charge fees for various actions of international companies, and many others.

All such attempts to increase regulation actually reduce freedom and bring decline.

But for now, business is the sector of society with the most freedom. If progress is going to come, it will happen in the entrepreneurial sectors.

Bill Gates said that

“One sign of a healthy industry is lower prices. The statistics show that the cost of computing has decreased ten million fold since 1971. That’s the equivalent of getting a Boeing 747 for the price of a pizza.”

So why can’t all of us afford a jet today, just like we afford a computer? The answer is that during the past thirty years the aerospace industry was highly regulated while the computing sector was not. You can argue that airplanes should be highly regulated; after all, they can be weapons. But, in rebuttal, so can computers.

The principle remains: Where there is freedom, there is progress. Where freedom is lacking, there is decline.

If you want to promote freedom today, think entrepreneurially — and encourage your youth and others to do the same. The future belongs to entrepreneurship, because freedom leads to progress.

This is what’s really going on in our nation, and only those who understand this realize what’s coming — and what to do about it.

*******************

odemille Whats Really Happening to Our Nation? Oliver DeMille is the New York Times, Wall Street Journal and USA Today bestselling co-author of LeaderShift: A Call for Americans to Finally Stand Up and Lead, the co-founder of the Center for Social Leadership, and a co-creator of TJEd.

Among many other works, he is the author of A Thomas Jefferson Education: Teaching a Generation of Leaders for the 21st Century, The Coming Aristocracy, and FreedomShift: 3 Choices to Reclaim America’s Destiny.

Oliver is dedicated to promoting freedom through leadership education. He and his wife Rachel are raising their eight children in Cedar City, Utah.

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Ted Cruz and Mike Lee are Heroes.

October 12th, 2013 // 3:11 pm @

Lee Curz Ted Cruz and Mike Lee are Heroes.by Oliver DeMille

At some point, America is going to have to face reality. We can’t keep increasing government spending, debt, and borrowing without eventually paying for it. But the problem is deep:

When Americans are asked if they want to get rid of our $17 trillion debt and huge deficits, they say, “Yes.”

When they are told that we need to cut any actual government spending program, any program, they say, “No.”

What gives? Essentially, Americans want to get more from government but pay less. Ted Cruz was popular among conservatives when he stood against Obamacare, but when the media pushed back, conservative support decreased.

Mike Lee was popular in his home state when he took the same stand vocally, but his popularity decreased a little when he took real action to help slow the negative facets of Obamacare. Other leaders have seen the same thing.

Too many of the American people want our leaders to reduce our out-of-control debt and deficits, but they don’t want it to be hard. They want it to be easy. They support those who talk tough, but withdraw support when a leader takes courageous action.

Mike Lee, Ted Cruz, and others, including a number of House Republicans, who take a stand against expanding government are heroes, pure and simple. This is true of anyone, from any party, who stands for what our nation really needs. Their stand against the expansion of big government deserves a lot more support.

Our national economic problems are going to get worse and worse until leaders take a stand to reduce spending and borrowing. But when some leaders do this, popular opinion frequently turns against them. If this remains true, Americans deserve the economic difficulties that will keep growing. If we want something better, we need to stand up for it.

Instead of complaining that our leaders don’t do enough of the right things, we need to strongly support the few leaders who actually do take action. Instead of repeating the national mantra, “Why can’t everyone just get along in Washington?,” we need to be the kind of citizens who know that a better future is worth fighting for. Thank goodness some of our leaders understand this.

Lee or Cruz for president. Or, if you’re a Democrat, look up the recent speeches of Joe Manchin. Bring in Paul, Rubio, Ryan, and anyone else who is standing for common sense. We need to stand behind leaders, regardless of party, who actually see what is needed and do something about it—regardless of how it plays in the polls. Those who do this are today’s heroes.

 

*******************

odemille Ted Cruz and Mike Lee are Heroes. Oliver DeMille is the New York Times, Wall Street Journal and USA Today bestselling co-author of LeaderShift: A Call for Americans to Finally Stand Up and Lead, the co-founder of the Center for Social Leadership, and a co-creator of TJEd.

Among many other works, he is the author of A Thomas Jefferson Education: Teaching a Generation of Leaders for the 21st Century, The Coming Aristocracy, and FreedomShift: 3 Choices to Reclaim America’s Destiny.

Oliver is dedicated to promoting freedom through leadership education. He and his wife Rachel are raising their eight children in Cedar City, Utah.

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