Alien Nation a.k.a., The Obamacare Nation

Alien, the movie was all about spreading spores and breeding aliens to prey on mankind, should the spores reach our planet.  Obamacare and its spores are already here.  Come 2014 the invasion will begin in earnest.

In Alien, Sigourney Weaver is the much larger than life heroine who thwarts the Alien invasion, at least until Aliens…  Who can stop Obamacare?  Maybe Pam Bondi, our larger than life Attorneys General for the State of Florida and the case she and attorneys generals in 26 other states have filed against Obamacare with the U.S. Supreme Court?

I’m just a small business owner.  My concerns as a small business person and employer need to be amplified on a scale much bigger than fiction.  We’ve already been invaded.  The spores of Obamacare have already been planted. Officially, Obamacare is the Patient Protection and Affordable Care Act. The Senate passed it on December 24, 2009.

Beginning in 2014, when Obamacare explodes on to the scene, small business as we know it will cease to exist.  In its place will be big government running a significant portion of small business, literally.

The heroine (or hero) in the real life movie Obamacare is the entrepreneur, the small business owner.  The enemy is SHOP, the Small Business Health Options Plan.  Big government is betting small business owners don’t have the time or the energy to sit through the movie, but as right-brained as many entrepreneurs can be, myself included, navigating SHOP is a must see.

The entrepreneurial spirit will be crushed by the most egregious of government actions since the payroll tax increase in April, 1983 which was cause and effect, the catalyst for U.S. manufacturers investing in jobs overseas.  There will be nothing to prevent another government subsidy, Obamacare, to balloon out of control, as have Social Security and Medicare/Medicaid and chase more jobs overseas.  To illustrate, below is a paragraph from HHS regarding Obamacare and the SHOP program.

“Consistent with the scope of the Exchange establishment and eligibility proposed rules, this final rule does not address all of the Exchange provisions in the Affordable Care Act; rather, more details will be provided in forthcoming guidance and future rule making, where appropriate.”
 

From what I have read in the 644 page document, Final Rule State Healthcare Exchanges, from the Department of Health and Human Services (HHS), how the final rules address small business, capitalism and the entrepreneurial spirit and the heroine in this movie may die.

Let’s look at the subplot, lawyers and paperwork. It takes a lawyer to spawn a comment like this, “The final rule does not address all of the insurance exchange provisions of the Patient Protection and Affordable Care Act and additional rules will address those, according to the rule.”

Great ambiguity, but true!  There’s plenty of room for HHS to make up more rules and regulations under the auspices of Obamacare.

Obamacare is a lawyer’s dream!  In a country and a society as litigious as the USA and a law this broad, full of waivers (prejudices), exceptions and rules yet undefined; wasn’t instituting this law insanely àpropo?!  In 2014 and beyond, the justice system will be brought to its knees.  No.  It has already been brought to its knees.  It will be buried!  So will many small businesses be buried, who can’t afford a good lawyer; who can’t afford the paperwork explosion.

HHS says one form.  SHOP says only two forms, but if you read between the lines you know the paperwork will border on the ridiculous.  Hello!, fellow small business owners…think annual Worker’s Comp. audits!  Worker’s Comp. audits will be nothing compared to HHS audits sure to follow.

Here’s a snippet.  Keep in mind this is one paragraph of a 664 page document to mandate a final rule on SHOP!

“Consistent with the statutory directive for HHS to provide a single, streamlined application form, we also proposed that the SHOP use only two application forms: one for qualified employers and one for qualified employees. We further proposed that for the purpose of determining eligibility in the SHOP, the SHOP may use the information attested to by the employer or employee on the application but must, at a minimum, verify that an individual attempting to enter the SHOP as an employee is listed on the qualified employer’s roster of employees to whom coverage is offered. We also proposed that the SHOP have processes to resolve occasions when the SHOP has a reason to doubt the information provided through the employer and employee applications. In addition, similar to the individual market Exchange standards, we proposed that the SHOP notify an employer or employee seeking coverage of the SHOP’s eligibility determination and the employer or employee’s right to appeal.

The final ruling on SHOP brings more questions than answers.

Bigger government, more regulation, new laws, especially the behemoth of all laws, Obamacare, create entirely new industries. Obamacare will undoubtedly create another cottage industry, like Dodd-Frank did for compliance and regulation, but Obamacare will create a tsunami of new so called experts spawned to aid small cash strapped businesses navigate Obamacare. Essentially they are government created jobs and all at taxpayers’ expense.

Many businesses are started by sole proprietors. Sole proprietors are excluded from SHOP. Sole proprietors pay the same tax rate as LLCs and Sub-S Corps. Don’t sole proprietors often spawn small businesses?

What if an employee can find a better plan by shopping the individual market and he or she wants to opt out of a company’s group plan?

Once invited to participate in SHOP can an employee still “SHOP” for their own individual insurance plan.  If the employer is getting a less competitive price due to lack of participation, how does that affect the employer’s plan and administration?

Regardless of the “one bill for all” concept which most small businesses already enjoy, if you have 10, 20 or 50 employees, you may have to track different deductibles for each employee.

Will HHS and SHOP pit employers and employees against one another; against insurers?

Will SHOP leave one employer at a competitive disadvantage with other employers based on participation and economy of scale?

On the other hand, if insurance companies have to give individual employees the same price as employers, which according to SHOP is the rule, the price goes up for employers.  Don’t the private insurers win?

What if you have employees in different geographical areas?  What if  they are eligible for different, more competitive SHOPs?

Certainly there will be more questions.

Today the private health insurance company is on the hook for the employer’s unpaid bills, not the government.  With the government on the hook for unpaid health insurance premiums at least with SHOP, the winner is the insurer.  The loser is the taxpayer.

The Aliens have landed, their spores have been planted and come 2014 there will be no stopping them.  In the role of big government, Obamacare rules. 

I can save you some time.  All I’ve learned about the details of how the exchanges are going to work is summarized above.  To learn more HHS or your state government will have to set up SHOP.

As for the spread of big government, here’s a glimpse of the future (another excerpt).

“SHOP may want to fulfill additional functions outside the scope of the proposed rule in order to offer employers a streamlined experience when managing their employee benefits. These commenters proposed that the SHOP sell other types of insurance, administer COBRA on behalf of participating employers, administer flexible spending accounts, assist small employers in setting up Section 125 plans, and oversee wellness programs.”  “We will take these comments into account as we consider future guidance on the offering of other products on the Exchange.”

Stay tuned!

Added Regulatory Burden is a Tax on Community Banks, Credit Unions and Small Business

This is the message from Financial Institutions (FIs) and Small Businesses burdened with Sarbanes-Oxley, Dodd-Frank and Obamacare.

<—-

Although the Sarbanes Oxley has been in effect since 1992, bank regulators have turned up the heat on FIs and small businesses that support them in recent years.  Regulators have tasked FIs with obtaining extensive background on their 3rd party vendors, not the least of which is a Statement on Auditing Standards (SAS) 70 Type I or Type II.  Type II is much more comprehensive and is required if a 3rd party vendor has access to sensitive FI data.  Many small businesses have to deal with PCI compliance and regulatory uncertainties placed upon them by Dodd-Frank and Obamacare, as well.

The “short link” to this narrative is  community banks, credit unions and small businesses have to dedicate at least one full-time employees (FTE), plus high level management’s time to manage these regulatory requirements. 

FI’s are comprised mainly of community banks and credit unions with assets of 50 million to 10 Billion.  Many of them are small businesses too, employing 25-50 employees on the lower end to hundreds on the higher end.  Therefore FIs employ FTEs and/or outside consultants to manage the burden.  The SAS 70 requires a great deal of technical expertise.  In addition small businesses have had to hire their own 3rd party accounting, legal, security and compliance experts to test regs tied to intrusion detection, audited financial statements and site inspections.  Vendors have had to install and keep up-to-date hardware, including an array of security cameras and a “boat load” of security and encryption hardware and software, as well.

Consider these FIs manage 20-30 3rd party vendors .  Add to this the cost to each vendor, small community banks and credit unions, who have to manage the same regs.  Consider the changes vendors have needed to make to the software they provide to FIs.  The costs could be well into the billions. 

Add to this hundreds of businesses, call it a “cottage” industry, that have sprung up to aid  3rd party vendors and FIs who can’t afford to deal with all these new government regs and compliance.  Small business vendors can easily spend $10,000 or more per month to provide compliance to customers and the security they need under ever increasing government regulations.  Ironic isn’t it?  New businesses are spawned by increases in government regualtions.

Added regulatory burden is a tax on small business.  Businesses, especially small businesses have to pass that cost to our customers and so on to the end result, the consumer.

One final consideration.  Community banks, credit unions and small businesses are not going to get the media attention of Occupy Wall Street.  We are occupied with raising our families, growing our businesses and gainfully employing people who want to work for a living.  We generate over 60% of the new jobs in this country.  If our government continues to go down the path of increased regulatory burden and continues to place the burden on small business, legislators will have fewer laws to pass, fewer regulations to enforce and fewer job creators to tax.  You will put us and more of my fellow job creators out of work.

Here’s our  message to our representatives in government…

“If you continue to put small businesses,  the real job creators out of business, we will turn the full force of our entrepreneurial spirit into making those of you, who over-burden us with excessive regulatory burden, out of business, too!”

Background:  SAS 70 was issued in 1992 and there have been no changes in it until now. Now effective for accounting periods beginning on or after June 15, 2011 a new standard, Standards for Attestation Engagements (SSAE) 16 will be in effect. Do not expect any immediate changes. Most companies have fiscal years that correspond to the calendar year. For those the new standard will not be effective until January 1, 2012 and the reporting under the new standard will not be available until the company’s financial results for 2012 are published in 2013. Many people misinterpreted the SAS 70 report as a means to obtain assurance regarding a vendor’s controls over compliance and operations. It was not. It was only a report of the vendor’s controls over financial reporting matters. The new SSAE16 reports will be much more comprehensive.

Under the new reporting regime there will be three varieties of reports, SOC 1, 2 and 3. The SOC 1 report will be similar to the existing SAS 70 report in that it will report on the company’s controls relative to its financial reporting. A SOC 2 report may address one or more of the following five key system attributes:

* Security – The system is protected against unauthorized access (both physical and logical).

* Availability – The system is available for operation and use as committed or agreed.

* Processing integrity – System processing is complete, accurate, timely and authorized.

* Confidentiality – Information designated as confidential is protected as committed or agreed.

* Privacy- Personal information is collected, used, retained disclosed and disposed of in conformity with the commitments in the entity’s privacy notice, and with criteria set forth in Generally Accepted Privacy Principles (GAPP) issued by the AICPA.

The new auditing framework places additional demands on the management of the organization being audited. Management must make a representation of the controls in place and a criteria for the description of the system, design and operating effectiveness of the controls. It must also evaluate the risks that threaten the achievement of the control objectives and any changes that were made in the system during the period.

 

Technology Can Drive Us Out of This Fog

Driverless cars, don’t worry there’s a BMW and Audi, too.

“Driverless cars,” what better message to tell government to get out of the way!

“This fog” being the deficit.  In fact we are in a fog and missing the “byte”when we as a country, look towards investing more in asphalt highways, in roads and rail and less towards technology, the information highway to invest in our future competitiveness in the global marketplace.

The future is technology and “smart or driverless cars” Yes, cars that drive themselves. 

Admittedly they have to “learn the course.”  Like on HWY 5 in LA bumper to bumper smart cars will drive at 80 mph during rush hour.  Think about navigating your iPad or reading your Kindle while your smart car drives itself.  Your commute can be cut in half because your car’s the ass who tailgate the car in front of you without getting flipped “the bird” or into a “fender bender.”  Who needs more infrastructure?

Currently we are chasing four economies in global competitiveness, including Number One, Switzerland.  Number Two is Singapore?  Number Three is Sweden and Number Four is Finland.  We’re Number Five.  Number Five!

Read my Blog post India Gets IT! Information Technology that is….  The message should be clear.  Most ground breaking technology (IT)  is spawned by small business.  I know.  I am the founder and CEO of an IT business who has spawned new products that include all the ingredients of a successful small business that can compete globally.

I consider myself a grinder, maybe a lone wolf.  Prideful.  A do-it-yourselfer.  Is that the definition of an entrepreneur?  It depends on who you ask.  Is that the definition of a small business owner?  More than likely the answer would be “yes.”  The difference between an entrepreneur and a small business owner?  None, until the entrepreneur, who is an idea capitalist who chooses outside angel or VC investors.

Everybody has heard of the IPO bubble in the early 2000’s where billions of investment dollars were squandered on ideas.  I pride myself by coining the phrase, “An idea is only worth it’s execution.”  The idea capitalist who decides to  forego outside investors, the grinder, the small business person, is more likely to sustain upticks and downturns in the economy.

We have a 14B deficit.  We have  over 9% unemployment,  We can argue how we might cut entitlements or raise taxes on the rich all day long.  The bottom line is all we want is our cake and eat it too. So I’ll let the experts argue what we need to do to stimulate the economy, reduce the deficit and add jobs.  Afterall they have all the answers, don’t they?

Unfortunately the answer is “no.”  Instead of idea capitalists, we have intellectual genocide where MSNBC pundits who have never had an original idea in their lives, interview (bait) Herman Cain about his 9.9.9 proposal and dismiss it with the age old adage that assumes “poor people” spend more of their  income? on consumer goods than rich people therefore a national sales tax is a burden on the poor.  Since poor people have little or no income how does this equate?  Herman Cain is an idea capitalist.  He is a grinder.  Given the opportunity, he will be successful in helping the US create jobs, lower the deficit and increase our global competitiveness.

The real answer is to increase small business competitiveness in a global economy.  The Obama administration wants to spend billions more on infrastructure.  All I can think of are traffic cones and hard hats standing in our way and in the way of the progress we are making in new technology.  Technology that solves the infrastructure problems and creates jobs.

“It makes little sense for the United States to turn away highly educated immigrants who seek to come here. It makes equally little sense to train talented foreign students in our universities but then fail to integrate them into our economy. Nearly 300,000 foreign students are enrolled in advanced degrees programs here, but the great majority will return home. We are casting away the fruits of our own investment. As has long been our American tradition, we should encourage the world’s innovators, inventors, and pioneers to immigrate to the United States and we should encourage those we train to settle and create jobs here.”  Romney for President (2011-09-01). Believe in America: Mitt Romney’s Plan for Jobs and Economic Growth

 Visa Caps for Highly Skilled Workers

As president, Mitt Romney will also work to establish a policy that staples a green card to the diploma of every eligible student visa holder who graduates from one of our universities with an advanced degree in math, science, or engineering. These graduates are highly skilled, motivated, English-speaking, and integrated into their American communities. Permanent residency would offer them the certainty required to start businesses and drive American innovation.  Romney for President (2011-09-01). Believe in America: Mitt Romney’s Plan for Jobs and Economic Growth.

Mitt Romney, Idea Capitalist

Are jobs coming back to the US?  Case in point.  A big business goes overseas to China  to make an integral component of a product going to market.  The product can be produced at 50% of the cost to produce the part in the US.  The product made overseas requires a delivery timeframe of 12 weeks as opposed to 4 weeks in the US.  The part is produced and delivered but not according to spec.  A US company, TJH Manufacturing, Zion, IL, with a stellar reputation is recruited to re-engineer and deliver the part in time for market.  The big business with the overseas propensity ends up paying four times the originally anticipated product cost.

My vote is for a “driverless government,” but first we have to put Congress and the Administration through the course.  Let’s start by teaching them the constitution.

How fortunate am I?

If a tree falls in the forest and nobody is around, does it make a sound?

I have been bowed over in anguish over a job lost; I have placed my hands over my face and head, elbows to my knees gasping for breath; I have barricaded myself behind closed doors.

So, I have often wondered, does a job lost make a sound?

If you have asked our government, technically the answer to both questions is , “No.”

I would have to agree.  Neither seen nor heard, you’re  on your own.

I have experienced both, the latter being much more traumatic, although both are deeply disturbing, I would have to say the tree was less personal and the lesser of two evils.

Symbolic in a fashion, like our government, the tree had been leaning.  It’s weight no longer sustainable, it roots no longer able to bear its growth.

I was deeply affected by the sight of the fallen tree in its magnitude.  It’s beauty and majesty held me in awe.  I often crossed it’s path, never imagining it’s demise.

Falling across a sidewalk, in a city park, the tree was swept away in a day; a series of sawing, grinding and chipping away.  At times the noise was deafening.  And then it was gone.

I, too, had moved on.  Picked myself back up.  Started a new venture.  Today I am rooted strongly, my business supported by faith, family and my business.  Supported by partners, fellow employees, suppliers and customers.

How fortunate for me, I am not a tree.

Lonely Man, You Know Who I Am

Lonely manI originally wrote Lonely Man for a Montel Williams Poetry Contest for MS charity. I think “Lonely Man” epitomizes how many of us feel from time to time. At the same time it pokes some fun at those same self-effacing feelings. The most humorous aspect is that I had to submit the prose to a site called poetry.com.  They sent me a letter, said they selected me for a “coffee table” edition of their next book and wanted me to spend $45.00 for a copy. Can you believe someone would actually fall for something so ludicrous?!  If you’re interested, I am selling  a serious surplus of these limited edition books for 1.99 on eBay!  Here my contribution… j/k

Lonely man, you know who I am. 

You’re a labor of love, hand and glove. 

If you ever want to shoot for the moon,

You’ll need to bring your own silver spoon. 

Your drink is empty, nothing’s on the table.  

Miguel your waiter, sells only by the label. 

So you dance to music that never ends,

And toast bartender Mike, your new best friend. 

You’re anybody who has a story.

You’re the blood and guts, but no glory. 

You’re the play that’s no longer afloat. 

You’re the poem, you never wrote.

Lonely man, you know who I am.  

You’re a labor of love, hand and glove.

Johnny Cochran’s not your deal.

You’ll never win on your appeal. 

You’re the crowd in every room. 

The conversation that always spells doom. 

You’re the fly that’s always unzipped,

The greeting card, that’s always skipped. 

You’ve become the sweat on everyone’s brow. 

You’re the answer to, “No, not now!” 

You’re the best friend you’ll never have. 

You’re the rub, without the salve.

Lonely man, you know who I am. 

Labor of love, fit hand and glove. 

Win the lottery prize in your office pool? 

What are the odds you’ve played the fool!

You’re someone’s smile, without a face. 

You’re the awkward in an embrace.

You’re the gaze behind an empty stare. 

You’re the voice that isn’t there. 

You’re the cold pavement under bare feet. 

You’re the toothless grin that never eats.

So when you dare ask for a slice of life,

You’re the one to brandish a knife. 

And when your chapter is finally read,

You already know what’s been said.

National Federation of Independent Business (NFIB)

I consider myself an entrepreneur.  My business, Integra Business Systems, was incorporated in March, 1988.  Our slogan is “advancing the paperless office.”  We develop enterprise content management (ECM) software also known as document imaging, or the electronic file cabinet.  Our customers include financial institutions and the financial services industry.  Our customers eliminate paper by digitizing documents by scanning paper or capture and archive “born digital” documents. Born digital documents include Adobe Acrobat (PDF) documents, Word, Excel, Google Docs, email, etc… We have 30 employees and growing.  We are a private, closely held, self-funded small business.

I believe the freedom and the success small business owners are blessed with and enjoy here in the USA, is based on the entrepreneurial spirit; individuals driven by God, family and freedom, the foundation America.  I believe my business and thousands of small businesses like Integra, make up the heart and soul of our great country.

I also believe you get out, what you put into something.  I discovered the National Federation of Independent Business (NFIB) several years ago while I was stumbling through some of our Human Resource (HR) issues.  The NFIB Employee Handbook available to members, opened the door to our long-term association.

The NFIB became a reliable source of content related to the needs of a small business in areas to include HR, finances, sales and marketing, legal and regulatory issues.  Like all small businesses, all these areas are costly and difficult to navigate alone.  While I cannot advocate the NFIB as a replacement for professional consultation and their services, the NFIB serves as an affordable surrogate source and Garmin-like resource for small business.

I realize this sounds like a “paid ” endorsement.  The only shameless promotion here is my own.  In fact, any involvement you have or partake upon with the NFIB is entirely up to you.  Like I said, “You get out, what you put into something.”

NFIB President Dan Danner

Towards that end I want to share with you what I think this is the best and most timely message to the public with regard to understanding the plight of small business and the economy that anyone could have delivered to this president and the rest of the politico in DC.

There is so much smoke and mirrors coming from the media and the Obama administration with regard to small business, I just wish more media outlets would have published this message (follow the link) from Dan Danner, NFIB president.

Note:  Please help us get the good word out.  Share us on your favorite social media site and Stumble Upon.  Thanks.

While Big Government Talks the Talk – Small Business “Walks the Walk”

Follow us, Mr. President.  Follow our sisters and brothers who make up the heart and soul of America.  We “walk the walk.”  Our families,  friends, neighbors and millions of Americans walk in our shoes, share our successes and failures.

We truly live the American Dream, Mr. President and the miracle of it all is we spend many sleepless nights living it and we dream still.

Like our brothers and sisters in small business across the country, we dream someday, we can “talk the talk” and someone in big government will listen.

We are a software development company, a small business founded over 25 years ago.  We currently employs over 35 full time employees (FTEs). Our slogan is “advancing the paperless office.”  Our company fits the mold with regard to President Obama’s State of the Union address when he talks about “innovation” and ”poised for progress.”

Are we wrong or was the President’s  entire speech crafted from the pages of the book, The World is Flat, by Thomas Friedman?   In Friedman’s book there are many enlightening passages with reference to America’s need for competitiveness with India, China and other progressive nation’s.  The book leaves you enlightened with with heightened anxiety.  What to do?  Move to Switzerland?

In an earlier post on this Blog, India and Switzerland are mentioned… “Other countries (our competition) are offering significant economic incentives and tax breaks to attract IT companies to do business in their countries, provinces, cities… in the case of Switzerland we’re talking “cantons”, like Schaffhausen, a canton in northern Switzerland who offer tax breaks to attract businesses and perks like an executive hotel near the Zürich airport.  Oh and by the way, the Swiss have figured out how to provide a National Healthcare plan that works.”

Generally speaking, we can hardly agree with the concept of one nation competing against another as opposed to one company competing against another.  Further, government intervention can only prevent “free enterprise” as opposed to enable it.  So in what context the president using these words?

As an example, if you do business with community banks, consider community banks to fall under the category of small business.  If we are going to have a TARP program, why stop with too large to fail?  Give community banks a chance to recover from their mistakes.  Better yet, forget TARP.  Let the big banks fail and the community banks can compete for the large bank customers.  Sure this is an oversimplification, but the facts are many community bank customers have been taken over by the FDIC in the last 12 months, more will follow.  Aside from the fact communities are disrupted, especially when 30-40 bank employees lose their jobs, their suppliers and taxpayers are left holding the bag.  Why does government get to choose who wins and who loses?

The president said, “We are a nation that says, ‘I might not have a lot of money, but I have this great idea for a new company.”   We have a great idea.  We have been building upon it for over 25 years.  Our software products are designed to eliminate paper.   Go green.

Obama said, “We are poised for progress. Two years after the worst recession most of us have ever known…”  We have managed to hold on to our entire staff of FTE’s throughout this recession.  There were no pay cuts here, no cut in benefits.  There were no raises either and we had to renegotiate our health care insurance to include higher deductibles.  That is and has been our investment towards the future.  We were able to retain and build with our people, intellectual property and now we are poised for growth.

You might think the portion of the stimulus, $19B plus, set aside to help health care providers purchase Electronic Medical Records (EMR) would help us.  Why does the government have to create a handout?  If it makes sense, why not do it?  We have a medical management company that said this about our software…

“The purchase of  Enterprise Content Management ECM software has allowed us to no longer store the voluminous amounts of paper that is indigenous to a medical practice. We estimate that the use of the ECM system has allowed us to store and instantly retrieve in excess of 1.5 million page equivalents. In the past, we needed 1 full-time FTE plus ~1000 sq. ft. of filing/storage space plus the necessary supplies to create tens of thousands of file charts, etc. Additionally, there were immeasurable man-hours in pulling charts/files, looking through them for the applicable data and then copying the information needed.”  References provided on request.

Unfortunately the fees to become certified as a vendor to work with the HIT program remain too costly, restricted to two certification companies which is all about politics and it is a bureaucratic nightmare to the extent only consultants are making money thus far.

The American Recovery and Reinvestment Act (ARRA) has set aside nearly $20 billion in incentive payments for physicians who adopt EHR technology over the next five years. In order to qualify for the up to $44,000 in incentives, physicians must be using “certified EHR technology” in a “meaningful manner.”  Excerpt from the “The Happy Hospitalist” blog.

Money and resources better spent, with greater certainty, lead us to “stick to our knitting,” which are financial institutions and financial services companies.

Government spending is largely hit or miss.  Tax relief, on the other hand is all about performance and performance would fuel the economy, not push some businesses or entities forward and leave others behind.

President Obama said in his speech, “In America, innovation doesn’t just change our lives. It’s how we make a living. Our free enterprise system is what drives innovation.”  

He needs to set down Friedman’s book and pick up Let My People Go Surfing,  a book full of inspiration with an explanation, written by Yvon Chouinard, founder and owner of Patagonia, Inc., maker of adventure equipment and clothing.   He exudes the true principles of entrepreneurship.

To the extent many entrepreneurs do, we “walk the walk” and we “talk the talk.”

%d bloggers like this: