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Thomas Keller owns just two restaurants and he is the darling of the food press. By staying small he is able to cook exactly what he wants to cook.
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Many Owning A Little Is Better Than a Few Owning A Lot

Our founding fathers had great confidence in the citizenry as individuals. The subjects of the monarchy were thought of and treated as a collective body. This herd concept stifled creativity, innovation and ingenuity. The Bill of Rights granted rights to property owning men that were inalienable. As our country evolved to the great melting pot it is today, these rights were expanded to include all citizens, regardless of their ethnic background or gender.

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Key Ideas of this episode
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1. Capitalism is the Only Proven Path from Poverty to Prosperity
2. The American Version Of Capitalism Has Not Been Articulated Well
3. Many Owning A Little Is Better Than a Few Owning A Lot
4. Business Owners Are Not Elites
5. Capitalism Requires A New Attitude About the Creation of Wealth
6. Struggle for Improvement
Is A Moral Duty
7. Capitalism Does Not Thrive Unfettered
8. Capitalism Depends Upon
Hard-Working People
9. Democratic Capitalism Is A
Three-Legged Stool
10. Business Is Not About Greed
11. Capitalism Is Good For The Soul
12. Capitalism Is Organized
Around The Mind
13. Small Business Is The Most Important Institution In A Civil Society
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Small Business School

Topic for Discussion: How do we, as small business owners, inspire our employees with the spirit of entrepreneurship that our democratic capitalism fosters?

Answer: Grooming employees to be independent, creative thinkers, inspired to excel, committed to do whatever it takes…the process is very similar to the process of raising children. This should not surprise us since the goals of each process are very similar. Like raising children, we should have different expectations of our employees at various stages and levels.

The new employee requires quite a bit of nurturing. S(h)e must be oriented to the corporate family, welcomed to its center, and our expectations must be clearly articulated. Common goals must be imparted, as well as where and how the new employee fits in our scheme to achieve those goals. The structural framework of participation is rigid, but comforting, and the new employee feels safe and at home.

Our children grow up quickly, and our employees are new for a short period of time. Watch them carefully, talk to them often, and when you believe they are ready, give them more freedom, more responsibility. Keep them constantly challenged, as you are, and nurture the entrepreneurial spirit that inspired you to hire them in the first place.

You think about it: Are your employees entrepreneurial? Do you encourage them to be?

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