what happens when girls launch?

Entrepreneurship can be a social good. For example, women tend to start businesses that address women’s unmet and oft ignored pain points. People living with disabilities tend to start businesses that address unmet and oft ignored needs of other people living with disabilities.

These founders offer new & expanded products to consumer markets that largely go ignored & unaddressed, leaving “money on the table.” Enterprising entrepreneurs offer new products to new, expanded markets. And this is critical for growing market share, profits, and creating wealth.

In general, small businesses are a boon for local communities. Historically, entrepreneurial startups have created virtually all U.S. job growth, including replacing jobs lost. 

We know that small businesses provide new jobs and additional tax revenues. We know that these tax revenues are then reinvested in schools, public transit, libraries, parks, and other public goods.

Entrepreneurship should be encouraged and supported for anyone who has found a problem worth solving and a viable, feasible, and desirable way to solve it. Because it is simply what happens when ordinary people take their ideas about the world and build a business model around them. Encouraging more Americans to launch (not just people on the coasts or dudes or ivy league grads) the better for everyone. More venture investment across the country would strengthen our national economy overall. Greater entrepreneurial and small business activity expands & boosts overall GDP.

Entrepreneurship is a force for economic and social good.

Sources:

Sax, David. The Soul of an Entrepreneur: Work and Life beyond the Startup Myth. New York: PublicAffairs, 2020.

www.nber.org/papers/w16300.pdf

Photo: Peshkova