As a big NASCAR fan, I have to admit that I was very excited to finally see Jeff Gordon cross the finish line as the winner of the 2011 Phoenix race last month. From the “start up your engine” command to the waving of the checkered flag, Jeff experienced many of the same high and lows that entrepreneurs and small business owners encounter – overcoming obstacles outside of their control, taking calculated risks under the pressure of making split-second decisions, and a tireless pursuit for perfection amongst relentless competition week in and week out.
In that same vein, the White House launched the Startup America Partnership in January which seeks to promote entrepreneurship and innovation among high-growth startup companies. The Startup America Partnership is positioned to promote the importance of private sector input and resources as critical components for job creation.
From a policy perspective, this initiative is turning to the private sector to: (1) inspire next-generation entrepreneurs (2) connect mentors and entrepreneurs (3) connect corporations and entrepreneurs, and (4) accelerate R&D commercialization and innovation.
To inspire the next-generation of entrepreneurs, we must recognize and promote educational achievement, particularly in math, science and technology to create the highly skilled workforce of tomorrow. US technology and general economic competitiveness is at stake. Here are a few suggestions outlined recently by the Business Roundtable.
With respect to accelerating R&D commercialization & innovation, the private sector already plays an important role in developing its own partnerships. The partnerships between large and small firms are important relationships that drive commercial activity and further fuel innovation and opportunity.
So whether you’re already in the race or thinking about starting up your engine, your business can grow faster when you link up with others and take advantage of the policy initiatives that promote business, whether that be at the national, state or local level.
Let us know how government policies to promote and support business in your area.