Boomers are starting businesses

Entrepreneurship increases greediness in you. The main ambition becomes getting more profit. you become profit centric. In the process we make others greedy. I understand this is the need of hour. But if our government would have done things better and managed well, there were no need of entrepreneurs. We all would have joined the hand of government and things would have improved for better. Idea of entrepreneurship will increases the number of rich people but that will increase poverty also. What if we would have been responsible for one activity only and the mastery would have been at its excellence.

[Dien Rice]

Originally Posted by michellepinto

Entrepreneurship increases greediness in you. The main ambition becomes getting more profit. you become profit centric. In the process we make others greedy. I understand this is the need of hour. But if our government would have done things better and managed well, there were no need of entrepreneurs. We all would have joined the hand of government and things would have improved for better. Idea of entrepreneurship will increases the number of rich people but that will increase poverty also. What if we would have been responsible for one activity only and the mastery would have been at its excellence.

I don't agree with you!

They have tried "no entrepreneurship" societies... One that springs to mind is the old Soviet Union, or another is old China (under Mao).

While such a society can "work" - much is lost... There are few options for people, and it usually ends up that everyone is poorer...

Apparently, in communist societies, lack of motivation can be a big problem. There is little incentive to work harder.

That's why I don't agree!

- Dien

It is no surprise that more and more boomers are starting businesses. The baby boomers were a rebellious generation as it is, so starting a business and continuing to march in their own direction only seems like a logical connection. There are also a large number of boomers who have spent decades in the market gaining and developing specific skills that have become extremely valuable in the market place today. They also have grown to the point where many of them have the investments that will allow for them to start their own business. I imagine that the groundwork these folks develop now will be a solid foundation for the next generation to follow.

[Dien Rice]

Originally Posted by bryanblake

It is no surprise that more and more boomers are starting businesses. The baby boomers were a rebellious generation as it is, so starting a business and continuing to march in their own direction only seems like a logical connection. There are also a large number of boomers who have spent decades in the market gaining and developing specific skills that have become extremely valuable in the market place today. They also have grown to the point where many of them have the investments that will allow for them to start their own business. I imagine that the groundwork these folks develop now will be a solid foundation for the next generation to follow.

Hi Bryan,

You're right - many boomers have a natural rebelliousness about them!

I'm slightly younger than the boomer generation, but always respected that boomer rebelliousness! (And I often "wished I was there"... )

Going against convention - being a rebel, in other words - can often be good for business. Entrepreneurs trash convention. They can rub people the wrong way by not being part of the "crowd." Often, they don't first ask "permission" - but go ahead and do it, and others better get out of the way.

Your other points follow, too. It would seem like many boomers would be natural entrepreneurs!

Best wishes,

Dien