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Last Update: Thursday December 14, 2017

The heart of an economy is in the head of its inventors.

We still know so little about so much...

Washington, DC and around the world: Let us go where commercial television doesn't go and even PBS is reluctant. Let's look at our core belief systems and see how these shape our business thinking and behavior.

What drives people to challenge the status quo? ...to go out into the unknown? ...to try to create things that have never been seen before? Why do these people work so hard and stretch so far? Everybody talks about them, saying things like, "Crazy!" "They'll kill themselves."  "They're in a world of their own."  Yet, these daring people, driven by principles and dreams, are changing our world for the better.

Michael Novak is a reflective person. For his writings about the foundations of faith he received the Templeton Prize for Progress in Religion (always larger than the Nobel Prize). So trusted among leaders, he was twice appointed U.S. Ambassador to the UN Human Rights Commission.

Today he lives near all the world's ambassadors to the USA, all people seeking to get some advantage for their people. Yet, the biggest advantage any country could give her people is the power to unleash their unique, deep-seated creativity.

Through his prodigious research Novak realized there are very particular historic roots within the USA, unique orientations to universal belief within this Judeo-Christian culture, that gave rise to the rapid growth of the sciences and of democratic capitalism in this country. Nevertheless, Novak would like to see this innovative spirit take root throughout the world. Today, with the ubiquity of communications, small business formation is better understood and much of the global community is finding their own unique ways to stimulate small business start-ups and even capital formation.  

Go to all the Key Ideas & Videos of this episode...

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There are always four paths to walk and eight steps to climb:

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Start a Business

Capture the essence. Go deeper. Then, invent!  What do we know about light?  Turns out, not much more than we did 100 years ago. Yet ,Jack Miller has a few new insights. Then, his daughter had her own insights about art preservation.  So together, they started a business  based on those ideas! Like most,  they bootstrapped it!

Key Question: How do I start a business?"

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Grow a Business

We all lost over $600 billion last year! Let's regain some integrity and real respect of intellectual property. There is a pandemic of lying, cheating and stealing. The pied pipers of piracy truly have gotten the upper hand.

Key Question: What is a path for growth?

Buy a Business
She bought the ugly duckling nobody wanted.
The location was losing money, but she nurtured her little Chevrolet dealership to health. Everybody gasped; her duckling had become the most beautiful swan in the country! Read Pamela Rodgers' story... how she failed twice and then came back to win.

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Sell a Business
$35M IPO in the early stage -That's selling!  They started as Cross Timbers Oil & Gas and today they trade as XTO Energy.  They started with their depth of knowledge and constantly leveraged it to become the ninth largest oil and gas company in the country.

Key Question: Who is the best buyer?


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