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Jim Blasingame

Business futurist, award-winning author, speaker and columnist

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Entrepreneurship

What’s good for small business is good for the world

October 14, 2018 by Jim Blasingame

Americans are afforded a privilege which, while not rare, is certainly unavailable to billions of other Earthlings: We’re allowed to vote for those who represent us in government.

The words “privilege” and “allowed” are used with a purpose: The U.S. Constitution gives Americans the right to vote, but does not require us to do so. If voting were a legal requirement, in the 2000 election 100 million Americans could have been arrested, as pundits lamented the “Vanishing Voter” phenomenon.

But by the 2016 election, voter turnout had transmogrified from apathy to engagement with a record number of ballots cast – 137.5 million. Indeed, we’re experiencing one of the most promising phenomena of the current age: increasing fervor and investment of the American electorate in the political process.

Nothing bad happens when Americans get fired up about the political process, regardless of whether a voter spins to the left or the right or marks time in the middle, because taking a political position typically manifests in a more knowledgeable voter. And the best way for America’s challenges to be addressed is for those same voters to require political representatives to stand up and serve with leadership, rather than slouch with the self-anointed political class.

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Filed Under: Entrepreneurship, Government / Politics

America’s small business segments – by the numbers

October 1, 2018 by Jim Blasingame

According to the Small Business Administration, there are 28 million small firms in the U.S. On its face, that number proves that small business in America is actually quite big. Indeed, as I’ve proudly pointed out in this space for the past 20 years, the small business sector is responsible for creating half of the U.S. economy, and employs over half of all private sector employees. Nothing diminutive about that.

Just as it’s instructive to segment big businesses into categories, it’s also handy to put that 28 million number into perspective. The prime calculation divides small firms in two, 80/20: 22 million individual operators with no employees, and about 6 million entities with between 1 – 500 employees. Five hundred is the SBA’s line between large and small business.

Speaking of employees, it’s more than noteworthy to recognize that almost 90% of small employers have less than 20. And not to take anything away from larger small businesses, but that greatest cohort of small employers represents the big gear in the Main Street economic machine. And it’s the posterchild for capitalism writ small: a locally owned, family run business, providing income for several community residents, while likely being perennial supporters of non-profit entities that round out the rough edges of every community. Oh, and those owners know the names of all their employees’ children.

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Filed Under: Entrepreneurship

Why not an official day for small business owners

September 3, 2018 by Jim Blasingame

Labor Day began as an idea in the mind of a 19th century labor leader — some say Matthew Maguire, others say Peter McGuire — who cared greatly for a very important segment of the marketplace, its workers. 

Regardless of paternity, such a day was first celebrated on Tuesday, September 5, 1882, in New York City, when members of the CLU took an unpaid day off to demonstrate solidarity and, of course, have picnics. And ever since 1884, when President Grover Cleveland’s signature designated the first Monday in September as Labor Day, it’s been an official federal holiday.

In 1898, Samuel Gompers, then head of the American Federation of Labor, called Labor Day, “the day for which the toilers in past centuries looked forward, when their rights and their wrongs would be discussed … that the workers of our day may not only lay down their tools of labor for a holiday, but upon which they may touch shoulders in marching phalanx and feel the stronger for it.”

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Filed Under: Entrepreneurship

I know what I was feeling, but what was I thinking?

May 20, 2018 by Jim Blasingame

“I know what I was feeling, but what was I thinking?”  

This title lyric of a country song by Dierks Bentley is about a boy letting a pretty girl get him into a whole lot of trouble on their first date. Of course, there’s often no accounting for the unintended consequences of affairs of the heart. 

But when those words are in the head of a small business owner, it’s due to an ill-advised decision that causes the proverbial winged sack of money to fly away.  

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Filed Under: Entrepreneurship

Should Mamas let their babies grow up to be entrepreneurs?

May 10, 2018 by Jim Blasingame

“Mamas don’t let your babies grow up to be cowboys.”

Country music fans recognize this title and opening passage from the Ed and Patsy Bruce song made famous by Waylon Jennings and Willie Nelson. If there ever was a honky-tonk anthem, this is it. 

Every good anthem has a hook lyric and in this song, it goes like this: “He ain’t wrong, he’s just different, and his pride won’t make him do things to make you think that he’s right.”

Wish I had a nickel for every time someone watched an entrepreneur doing what entrepreneurs do, and asked, “What’s wrong with him?” Well, entrepreneurs are a lot like cowboys—they’re not wrong they’re just different. For example:

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Filed Under: Entrepreneurship

Use your spirit for discovery and growth

January 21, 2018 by Jim Blasingame

Do you think about the force that drives your protoplasm around; the keeper of your courage; the only thing that’s different about identical twins? 

You know – your spirit.

Everyone should be conscious of their spirit, but it’s essential for entrepreneurs.

In his beautiful book, Eternal Echoes, my friend, the late John O’Donohue spoke to entrepreneurs: “When you open your heart to discovery you will be called to step outside of your comfort barriers; you will be called to risk old views and thoughts. But your spirit loves the danger of growth.”

Let’s consider a few of John’s words.   

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Filed Under: Entrepreneurship

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