Subscribe for 33¢ / day

The following editorial was published in Sunday’s Wausau Daily Herald:


It is no small thing to start a business. The hours are long. The risk is enormous; most new businesses fail. And if an enterprise you’ve started and poured yourself into does not take off, it can feel like a kind of personal rejection.

In fact, you could say it takes a kind of pioneer spirit to make a new business succeed — and to keep your entrepreneurial spirit alive if your first (or the second, or third) ideas don’t quite take off. But that spirit is something we ought to have here in Wisconsin, isn’t it? Our state last week turned 165; our frontier past really is not so distant.

But our state lags others when it comes to creating new businesses. A report this year by the Ewing Marion Kauffman Foundation put Wisconsin near the bottom of the nation for entrepreneurship.

That is a serious obstacle to job growth.

In a recent interview with the Daily Herald Media Editorial Board, Todd Berry, president of the Wisconsin Taxpayer Alliance, noted that in general, states with the most new firm creation also have the most job growth. These states also have the most firms that go out of business.

The lesson? “It’s good to try and fail,” Berry said.

There is a familiar litany of barriers to entrepreneurship in Wisconsin. Taxes are too high; regulations are too burdensome. Capital is hard to come by. The population is aging.

All of these things are real. And yet there’s a cultural component here, too. To too many people, the idea of starting a new business seems like something out of reach.

That’s despite local efforts like Wausau’s business incubator, the Entrepreneurial and Education Center, which provides resources and education for all sorts of would-be startups. And it’s despite efforts to talk up entrepreneurship by politicians and other officials.

Have you ever had a big idea — a daydream, even — about a business you could start? What stopped you from putting it into practice? What would it take to make it something you would seriously pursue?

If you did start a business, how did you do it? What helped encourage you? What do you know now that you wish you’d known then?

Obviously, entrepreneurship won’t be for everyone. The risk, the hours — those who succeed at starting a small business are those who have nothing short of a genuine passion.

But we need more people who will give it a try.

“Clearly we need to champion people who are starting out ... to stick out their neck and take risks,” Berry said.

No doubt there are specific policies that can help encourage that. But a big component of that is about culture. That’s something that can be a benefit to all of us.

Sign up to get each day's obituaries sent to your email inbox

0
0
0
0
0

Digital news editor

Digital news editor

(4) comments

pheasant

2- The idea was to work out cost effectiveness with the Employer Reports and the gifted money to these repeat recipients. Instead they point fingers, but at the same time admit openly that they were required, and not collected. Here is why they do not want these projects scrutinized in any way. Because if they are scrutinized, someone will be accountable, then there would management? They ae jut plain embarassed that they have spent $89 million of our tax dollars so poorly, which is $4500 per property tax recipient in Lacrosse. Three buildings filled with tenants, who were mostly here before, and that is supposed to pull us out of the financial fire?????

pheasant

1- LOL! Bureaucrats playing monopoly. Pretending they know what they are doing. Here in Lacrosse we gave over $40 million to Riverside Center/Weber. For a matching/adjacent ramp, and three buildings. Buildings that are commercial office rentals. Nothing more, nothing less. We were supposed to see 'thousands of LHI jobs/ But the fact is that the majority of the tenants were in previous competitor buildings from the area. We were supposed to see a 'Free Shell' installed for the Community Theater, but that did not happen. We were supposed to see Contractual mandated Employer Reports, but they never sere collected. Now we are supposed to beleive that not knowing how much, to who, for what reason, and the debt service on these borrowed dollars is OK?

SCORE Bob

The quoted comment "It's good to try and fail!" is totally counterproductive to the mission of an entrepreneur. You don't normally want to go into business to fail after using your own funds to finance the venture or obtaining a loan guarantee and an institutional loan to start up the business. It appears as if Mr. Berry is more concerned about boosting the numbers and ranking of the state rather than creating successful business ventures.

SCORE Bob

It seems to me that the quoted comments of Mr. Berry are totally counterproductive to the mission that each entrepreneur needs to adopt. You do not start a business to FAIL just to satisfy numbers that impact on the State's ranking in number of jobs created, or ranking country wide.

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Thanks for reading. Subscribe or log in to continue.