Saturday, February 23, 2013

The Texas Entrepreneurship Project

America needs more businesses to be created and nurtured to success.  Businesses are the vital organs in the body of capitalism.  There are not enough businesses in America putting people and capital to work.  The Wall Street Journal, on Tuesday July 17, 2012 (p. C3), ran this article:  "Lending Proves Both Boon and Bane for Banks," by Matthias Rieker.  The article contained this sentence:  "KeyCorp stock has lost half its value since the financial crisis, amid persistent questions about whether the company can find customers to lend to—and then turn those loans into profits." This is just one piece of evidence among many that our economy is starving for lack of business growth.

Banks are hoarding cash in part because they do not know what to do with it.  There is too much money and not enough investment opportunities.  One of the reasons collateralized debt obligations (CDOs) were created was because there are not enough business to absorb the vast amounts of capital available for investment.  (See Global Surplus Capital.)  We need more businesses.  People who start businesses are called entrepreneurs.  We need to educate and empower people  to start and grow businesses.  The initiative to educate and empower people in Texas to start and grow businesses I call the Texas Entrepreneurship Project

The Texas Software Initiative is intended to support business growth through software companies and products.

It is not enough for  people to start small business.  If we have a ten percent increase in independent contractors doing plumbing or air conditioning then we do not have the sizable investment opportunities that are sought by the truly wealthy who have billions of dollars to invest.  We need to understand what it takes to grow a business to billions of dollars of revenue, then we need to spread that information and develop the economic and financial infrastructure necessary to support large business growth. 

The Texas Entrepreneurship Project to educate and empower people to start and grow businesses begins with understanding and education.


I have in the past proposed a New Business Project:
The Cause of the Crash of 2008 and the New Business Project  Sunday, August 5, 2012
But I believe people interested in this topic are looking for the word "entrepreneurship," so I am re-naming this project.
The August 5 post includes links to related blog posts.

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