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In my immediately previous post I mentioned entrepreneurial drive as one of the necessary preconditions for capitalism to thrive. I hesitated when I wrote that, thinking it sounded too vague.
Entrepreneurial drive is that psychological thing that enables people to identify other peoples' needs, think of a way to profit by satisfying them, and to take the risks of lost time and money on the chance that they'll be successful. It's an amazing act to start a small business, putting one's own savings at risk while simultaneously abandoning the steady income that can be made by working for someone else. I have an automatic and profound respect for people with the courage to do this.
Oregon's unemployment rate is 8.0%, significantly above the national average of 6.1% and one of the highest in the nation.
Without discussing the many ways government stifles entrepreneurial activity
(licensing, permits, inspections, insurance, minimum wages, taxes, required
health coverage, etc.), what Oregon needs is more entrepreneurs.
One of my unsatisfied desires is for a more functional garage. I'm ready to buy, indeed it's difficult to keep the money from falling out of my pocket, but unfortunately GarageTek doesn't have any franchisees in Oregon. This looks like a plausible small (4-person) business to start.
Entrepreneurs, take note!