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Entrepreneurs 2000

Some Thoughts from the Director...

On Entrepreneurism and
Small Business Development:


For many years Mathews and Virginia’s Chesapeake Country region have been suffering from a youth and brain "drain" out of our area and into the great suburban and urban centers that surround us. These youth leave us for a variety of reasons - employment opportunities, cultural amenities, affordable, quality housing, quality schools, and for the company of other youth. A few stay in our community, but by making this choice these youth often believe that they are "forced" to settle for lower wages and less opportunity for themselves and their family. In fact, today’s youth have within their reach more economic opportunity than they realize. They simply don’t know where to look for it.

The process of cultivating entrepreneurs is often simply a process of opening eyes to the opportunities that surround us today, but which are not readily apparent to someone not exposed to these opportunities before. It has been said that most people go through life asleep, while the remainder live in a constant state of amazement. This latter group have had their eyes opened to the opportunity that surrounds us.

For example, the telecommunications revolution has brought real opportunity to Mathews, and to communities like it across the world. The secret to capitalizing on this opportunity is to help people to understand how they as individuals might personally benefit from this opportunity. New careers and professions can be practiced right here in Mathews that heretofore would have been limited to major urban centers.

Helping people understand entrepreneurial opportunity comes from education. Therefore, a primary role that Forward Mathews can play in encouraging entrepreneurial initiative is to ensure that the citizens of Mathews are adequately enlightened to entrepreneurial opportunities available to them.

Once a person has his or her eyes opened to the opportunities of entrepreneurism, that person will want to choose a place to live and settle down to business. During the Age of Industry, economic development was spurred by the unique natural resources of a region. These resources supplied industry with the raw materials necessary to produce products and services (in Mathews, the primary natural resources have historically been seafood and timber). An entrepreneur was thus forced to live wherever the needed resources were located. Also, since business required huge amounts of labor, a person would, more often than not, choose to be a laborer rather than an entrepreneur, and have a good chance of being hired to do some, probably well paid, mind-numbing job. Today, moderate skill-well paying jobs are practically extinct. The few that remain, (shipyard jobs, for example), are in decline.

In the 21st Century, economic development in Mathews will be spurred by the individual entrepreneur. It is the mobile entrepreneur, freed from the land by the telecommunications revolution, who will determine the location of the businesses of tomorrow. Whether that entrepreneur begins his or her life in Mathews, or somewhere else, he or she must be sold on Mathews, or will go elsewhere. This entrepreneur will be looking, first and foremost, for a location that provides a unique and desirable atmosphere that appeals to him or her personally. This first attractive quality is not business related. The climate, culture, and particular unique characteristics of a region are the first essential attractive elements. Most areas lack this "uniqueness," so the battle among communities to attract entrepreneurs is narrowed. The second level of competition between the surviving communities will require these communities to satisfy, at minimum, certain key and essential issues of interest to the 21st Century entrepreneur. Primary among these are the building blocks of economic growth:

1. Education;
2. Infrastructure;
3. Quality of Life;
4. Sound Government;
5. Private Leadership; and
6. Economic Development.

 

THIS SITE LAST UPDATED AUGUST 4, 2002

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