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The Entrepreneurial Mind's blog

Entrepreneurship > The Entrepreneurial Mind

When Government Knows Best

| Mon, 09/28/2009 - 12:31pm | eminent domain, government and entrepreneurship, government economic decisions, government interference, market interference |  5 comments

"Weeds, glass, bricks, pieces of pipe and shingle splinters have replaced the knot of aging homes.... There are a few signs of life: Feral cats glare at visitors from a miniature jungle of Queen Anne's lace, thistle and goldenrod." This is Katie Nelson's description of the property made in ... Read more

Entrepreneurship > The Entrepreneurial Mind

Building a Bootstrap Culture

| Mon, 09/14/2009 - 9:32am | below your business means, bootstrap culture, bootstrapping, running a business cheaply |  8 comments

My column this week in the Tennessean explores how to build a bootstrap culture: When starting a new business, most entrepreneurs have to bootstrap their business -- that is, find ways to get things done with limited resources. But why do so many owners keep bootstrapping even when the cash star ... Read more

Entrepreneurship > The Entrepreneurial Mind

A View of the Post Recovery World

| Fri, 02/06/2009 - 10:02am | declining fertility, Demographic Winter, perfect storm, population and economy, population necessity, post recovery, slow recovery, Western fertility rate |  Add a comment

This week I showed the video Demographic Winter to both my undergraduate and graduate students.  The video documents a chilling demographic trend that is not getting enough attention -- the declining fertility rate that is occurring in about 70% of the countries around the world. ... ... Read more

Entrepreneurship > The Entrepreneurial Mind

Seeing the Recession

| Fri, 11/20/2009 - 3:58pm |  Add a comment

My colleague Joe Alexander passed along a map developed by Latoya Egwuekwe that gives a very stark visual display of the spread of unemployment.  Go to this site , press the play button and watch employment spread across the country over the past three years.  You may want to watch it ... Read more

Entrepreneurship > The Entrepreneurial Mind

Entrepreneurship is Anemic Around the Globe

| Thu, 11/19/2009 - 3:37pm |  Add a comment

The driver of the old economy from the twentieth century was the auto industry.  The old saying was that if General Motors sneezes, the rest of the economy caught a cold. The driver of the economy in this century has been entrepreneurs.  From the sounds of the latest survey from the Kau ... Read more

Entrepreneurship > The Entrepreneurial Mind

Preparing for Inflation

| Thu, 11/19/2009 - 8:57am |  Add a comment

I continue to be in the camp that is worried about inflation -- even possibly hyper-inflation -- in the not too distant future.  Our ballooning debt along with the many latent inflationary pressures could soon create the spark that ignites a fire storm of runaway prices.  If we see a curre ... Read more

Entrepreneurship > The Entrepreneurial Mind

A Bucket of Cold Water

| Wed, 11/18/2009 - 8:21am |  Add a comment

It looks like the Obama administration is considering a move to increase taxes to deal with the exploding federal deficits caused by their massive give-aways and bailouts.  Their plan would be like throwing a bucket of cold water on the embers of entrepreneurial growth in this struggling econom ... Read more

Entrepreneurship > The Entrepreneurial Mind

Dorm Room Entrepreneurs

| Tue, 11/17/2009 - 7:51am |  Add a comment

One of my former dorm room entrepreneurs, Andy Tabar , sent me a story from CNN.com about the growing trend of students starting businesses on campus: While the founders of Google built success in their garages, these college students found it in their dorms. In addition to their course wo ... Read more

Entrepreneurship > The Entrepreneurial Mind

Culture and Labs

| Mon, 11/16/2009 - 10:20am | business culture, business culture and labradors, business owner tips, company culture, entrepreneurship, small businesses |  1 comment

Training is a life-long process with many labradors. If you ever let up, they will begin to go their own way -- labs have a strong will and a mind of their own! That is why Labrador retrievers are the best metaphor I can think of for the culture within a business. Culture also can seem like it has a ... Read more

Entrepreneurship > The Entrepreneurial Mind

What is Keeping Entrepreneurs Awake at Night?

| Thu, 11/12/2009 - 10:39am |  Add a comment

SmartBrief conducted a survey to find out what stresses entrepreneurs most these days .  Here is what entrepreneurs told SmartBrief causes them the most stress: Complying with government regulations   28.76%  Staying ahead of the competition   20.80%  ... Read more

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