And burned.
China is THE most entrepreneurial place on Earth.
What? Whatever happened to American know-how, the Puritan work ethic, determination to be the best and plain, old-fashioned hard work?
Sadly, I actually think we all know. But there are facts to back it up.
According to the Organization for Economic Cooperation and Development (OECD), China’s self-employment rate is an astounding 51.2%.
The U.S. rate? 7.2%.
Ouch. Not bad for a communist country that, until recent years, didn't allow capitalism. It's odd, isn't it? Watching the decline of American Capitalism, hastened (can we really blame the Chinese for our failures? Really?) by.... Communist Capitalists. (Read the article. There are more fearful numbers about what some used to call "the sleeping giant." Guess what? They're awake and eating our lunch.) Wasn't it just a few decades back that Americans had ownership of the word entrepreneurship? We had a lock on it for decades. It was part of our strength. Whether it was inventing a new widget (before "widget" meant software) for the latest gizmo or selling great Aunt Gertie's pickled okra through the mail, it seemed like American ingenuity always triumphed.
That was then. This is now. So maybe you could spend just a few minutes today, figuring out if there's something you might want to do differently? Maybe you should.
I heard a great piece of advice awhile back from a speaker who had fought in World War II. He said, "Turn off the radio in the car... and think."
You remember World War II, right? That was the one where we came home after and built our reputation in the modern world. It took awhile for me to comprehend what great advice that was and how truly great it was to be alone with my brain cells for a few minutes in my car. You might try it yourself (maybe you already do?) sometime soon.
Turn off the car radio. Think.
