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Patrick Boulay, President / Publisher; Scott Plum, Associate
Publisher / Sales
From the Publisher:
When my first child was
born, it was the most remarkable thing I had ever witnessed. It was a
miracle. It was beyond comprehension.
For a very brief moment (I
was very, very tired) I actually wondered if anyone else on the planet
had experienced such a thing. That thought lasted a nano second. Turns
out every parent on the planet equaled my feat.
The exceptional can be
commonplace. We all know how hard it must be to write a book. Then you
walk into Barnes & Noble and see thousands upon thousands of titles.
At Amazon.com you see what must be millions of titles. You have to
wonder if it?s really that difficult. Am I the only one who hasn't
written a book?
When I started my own
business that is a newspaper for people starting businesses. I saw
entrepreneurs as a rare breed: One-in-a-million sorts of people.
When doing my research on
entrepreneurs and new business formation, it became clear that there
is something in our human makeup that leads us to try new things, to
improve on old ideas, create new solutions, find a better way or just
plain break out on or own.
I think it has to do with
freedom. We are free to think, imagine and create. We can see a future
we want to pursue. ?What a unique gift I must have,? I said to myself,
?to be able to imagine something and then make it happen.? Whenever I
get full of myself like that, something usually straightens me out
pretty quick. This time the National Panel Study of U.S. Business
Start-Ups (Babson College, 1999) did the straightening.
Entrepreneurs are still
exceptional. But as far as gifts go, it?s not all that rare.
According to the study there
were 202 million individuals in the U.S. 18 years of age or older at
the time the research was conducted. 3.8% of those contacted qualified
as ?nascent entrepreneurs.? That means 7,700,000 people were involved
in trying to start a business.
More than 44,000 new
businesses registered with the State of Minnesota in 2006. More than
26,000 of that number were new businesses in the Twin Cities area.
When I share these numbers with other people, there is universal
surprise at the sheer number of new businesses sprouting up.
According to one study, Twin
Cities startups alone will spend more than $200 million a year just
doing things companies do in getting launched: print business cards,
find a bank, meet with a lawyer and CPA, talk with a payroll company,
get a web site, find a leasing company, set up an office, get their
computer and software setup and subscribe to broadband access, etc.
We are all doing something
remarkable. And something remarkably common as well.
It's a good thing to keep in
mind when you start wondering if you'll survive the experience. It's
been done before.
Patrick Boulay
President / Publisher |