Small Business Boom-Really?
I call it the “not-the-typical-entrepreneur-business boom”. With the crash of 2008 a lot of good working folks lost their jobs. In a typical dip, that lasts for 3-6 months people find the way to hang on, draw unemployment (a socialist program) and get a new job of somewhat equal standing and move on. This economic crash was one of a different breed. If you were out of work for 6 months you were doing well. 12-18 months and still on the skids are the normal.
I am an architect and rely on private sector development to keep me busy. Our dip started in the fall of 2008 when most smart private developers pulled back on their projects due to the banking crash or simply went out of business. This dip lasted until the fall of 2010 when most in the worst shape are gone and the ones that made it thru are still hoping to be bullish. Most of my current clients are the bullish ones that have a decent financial standing and are, almost two years later: willing to risk their hard saved cash on getting a new project built. These are only in a few markets that the public are willing to spend their money on and still see as a value. This is a very limited group.
Back to the Boom. These new entrepreneurs are from a breed of employee class persons that are very good at their job, know the business well, and are gutsy enough to jump out on their own simply because they are not willing to be unemployed forever. These new entrepreneurs are not guys or gals who had a great idea that they had to sell. They didn’t come up with a new solution or product that they had to get on the market and try to make it big. They are the day to day worker bees that corporations let go by the millions in the past few years with one exception, they have the know-how and guts to go it alone. They will not sit with the masses of the unemployed and wonder how the government will extend them benefits or watch their spouses go back to work at low wages just to keep them fed.
This new breed of entrepreneur is hanging their own shingle because the have to. Simply put they have in them the guts to make a living in an environment that simply isn’t hiring anymore. This is a new kind of grit and business philosophy that can breed better companies than we have had in the last 40 years or not?
Since Henry Ford to now, most successful companies were led by big dynamic thinkers with an audacious idea and could sell the pants of it or hire the folks who could make it a household name. They had the ability to talk banks into loaning them money to make it happen. More times than not, the idea didn’t happen and the business failed. The aftermath of these events usually told of the same big thinker doing it again and again until it worked and they became gazillionaires and we still buy their products today.
No, these new guys and gals are not full of piss and vinegar, but full of the desire to make a decent living for their families and be able to contribute to their community. Will this new breed become the next big round of companies or are they doomed to mediocre success or failure? Their drive is not of the same class as the last breed of big thinkers. Who knows? They might succeed to phenomenal degrees because they are not driven by selfish qualities of greed, control, and desire to rule the world. They are basically in it to make a decent living and the people they work with and for will share the same values. They have my vote! Lets discuss it in about 40 years.
Trent W. Clark
I call it the “not-the-typical-entrepreneur-business boom”. With the crash of 2008 a lot of good working folks lost their jobs. In a typical dip, that lasts for 3-6 months people find the way to hang on, draw unemployment (a socialist program) and get a new job of somewhat equal standing and move on. This economic crash was one of a different breed. If you were out of work for 6 months you were doing well. 12-18 months and still on the skids are the normal.
I am an architect and rely on private sector development to keep me busy. Our dip started in the fall of 2008 when most smart private developers pulled back on their projects due to the banking crash or simply went out of business. This dip lasted until the fall of 2010 when most in the worst shape are gone and the ones that made it thru are still hoping to be bullish. Most of my current clients are the bullish ones that have a decent financial standing and are, almost two years later: willing to risk their hard saved cash on getting a new project built. These are only in a few markets that the public are willing to spend their money on and still see as a value. This is a very limited group.
Back to the Boom. These new entrepreneurs are from a breed of employee class persons that are very good at their job, know the business well, and are gutsy enough to jump out on their own simply because they are not willing to be unemployed forever. These new entrepreneurs are not guys or gals who had a great idea that they had to sell. They didn’t come up with a new solution or product that they had to get on the market and try to make it big. They are the day to day worker bees that corporations let go by the millions in the past few years with one exception, they have the know-how and guts to go it alone. They will not sit with the masses of the unemployed and wonder how the government will extend them benefits or watch their spouses go back to work at low wages just to keep them fed.
This new breed of entrepreneur is hanging their own shingle because the have to. Simply put they have in them the guts to make a living in an environment that simply isn’t hiring anymore. This is a new kind of grit and business philosophy that can breed better companies than we have had in the last 40 years or not?
Since Henry Ford to now, most successful companies were led by big dynamic thinkers with an audacious idea and could sell the pants of it or hire the folks who could make it a household name. They had the ability to talk banks into loaning them money to make it happen. More times than not, the idea didn’t happen and the business failed. The aftermath of these events usually told of the same big thinker doing it again and again until it worked and they became gazillionaires and we still buy their products today.
No, these new guys and gals are not full of piss and vinegar, but full of the desire to make a decent living for their families and be able to contribute to their community. Will this new breed become the next big round of companies or are they doomed to mediocre success or failure? Their drive is not of the same class as the last breed of big thinkers. Who knows? They might succeed to phenomenal degrees because they are not driven by selfish qualities of greed, control, and desire to rule the world. They are basically in it to make a decent living and the people they work with and for will share the same values. They have my vote! Lets discuss it in about 40 years.
Trent W. Clark
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