I’m a firm believer that crisis is what drives innovation and change. It’s a lot harder to be motivated to do great things when you’re living comfortably than it is when your back is up against the wall. As crazy as it sounds, creativity seems to flourish with minimal resources. The world-changing companies of our generation – Dell, Microsoft, Google – did their most innovative work when they had the least to work with.
We’re at war. Our economy is collapsing. The housing market is falling apart. Unemployment rates are rising. We’re facing an impending energy and natural resource crisis.
What’s the solution? While there may be a pivotal presidential election next week, Mark Cuban believes the answer lies with our entrepreneurs:
The cure for what ails is us the Entrepreneurial Spirit of this country. We are a nation of people who encourage , support and invest in those of any and all age, race and gender who will use their ingenuity and come up with a new idea.
Its always the new idea that re energizes this country. Industry, manufacturing, transportation, technology, digital communications, etc, each changed how we lived and ignited our economy and standard of living. Tax policy has never done that. The American People have.
Entrepreneurs who create something out of nothing don’t care what tax rates are. Bill Gates didn’t monitor the marginal tax rate when he dropped out of Harvard and started MicroSoft (btw, it was a ton higher than it is today). Michael Dell didn’t wonder what the capital gains tax was when he started PC’s Limited, and then grew it into Dell Computer. I doubt that any great business or invention started with a discussion or even a consideration of what the current or projected income or capital gains tax was or would be.
The impact of tax rates on productivity and development is something economists masterbate about, enterpreneurs don’t waste their time thinking about it. We have business to do.
Entrepreneurs live to be entrepreneurs. I have never had a discussion with anyone about starting a business that included tax rates. Ever. If anyone that wanted an investment from me made a point of discussing tax rates as an impact on their business, I wouldnt invest in them. Ever.
Entrepreneurs live for the juice of making their dreams come true. Of having a vision and fighting to see it come true. The joy of mission accomplished and the scoreboard of the financial rewards.
We are in an economic mess right now. It doesn’t matter who caused it. It’s here. It doesn’t matter what our Presidential candidates and their economic advisors come up with. Its meaningless.
The cure to our economic problems is the Entrepreneurial Spirit of All Americans. Instead of bitching at each other, could one Presidential candidate please show even the least bit of leadership and character and stand up for and encourage the entrepreneurs in this country ?
I couldn’t agree more.
I hope my partners and I are just beginning what will be a lifetime of innovation. We will certainly have our impact, but I want to inspire more young people to run a company. That’s why I write this blog. That’s why I want to do more public speaking to get my message out. I’ll talk to anyone who will listen. We need more young entrepreneurs. We need more of our best minds pushing the limits of knowledge to create new and better solutions.
The time is now. Why not change the world?