I read a great article in The Conference Board Review Magazine by Larry Farrell, author of several books on entrepreneurialism and host of www.TheSpiritofEnterprise.com, and it got me thinking.
The gist of the article is that entrepreneurship is an integral part of our country’s history and our economy. The entrepreneurial spirit is what drove the founding of the country, and the expansion to our west coast. We really hit our entrepreneurial stride during Reconstruction after the Civil War, and again during the 1920’s following World War I and before the stock market crash in 1929.
Right now we’re in another period of increased entrepreneurialism. Like I mentioned in Monday’s post, the Next Generation is driving this wave. We can look to the late ‘90s .com boom.
There is more capital than ever before available to entrepreneurs starting companies. There are huge niche markets to be tapped and with Web 2.0 and our increasing connectivity the Next Generation is finding ways to take it to the next level. Myspace and Facebook are great examples. The possibilities for this generation are seemingly endless.