Tag: Grady Vanderhoofven

“Entrepreneurs are the spark plugs in the engine of the US economy” – Grady Vanderhoofven

Money is of course the fuel but entrepreneurs are the fire.  Communities need to embrace their entrepreneurs.  They are the ones hiring and creating new jobs.  It’s great to have a new manufacturing plant move in but most likely, they left somewhere else and they can leave you when the economics dictate.

But it’s a long term play.  It may be two or three or four years before startups reach 25 employees.  So, have a lot of them.

And failure?  So what?  If a company forms, raises $2 million, hires 25 people, pays them great salaries for 5 years and does’t make it, why is that not a good thing?  They payed taxes, bought cars and refrigerators, office supplies and paid office rent.

Then again, they may grow to be worth $billions.

Home grown companies tend to be sticky.  After all, they chose your community to get started.  They must like it there.  Make sure they don’t leave.

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