What Is An Entrepreneur?

Hello! David J here again bringing you more of the steps on my journey toward financial independence.

I once saw "entrepreneur" defined as someone who undertakes a business goal without knowing how he's going to accomplish it, and without regard to the challenges which may arise.

Today, Corporate America is disaster of apocalyptic proportion. Companies are falling by the wayside like leaves in Autumn. Job losses for the past quarter are once again approaching 2009 levels - pink slips are again flying like confetti. It is reported that student loan debt in America now exceeds credit card debt at the same time that record numbers of jobs are evaporating, never to return.

The need for entrepreneurism is greater now than at any time so far in my lifetime, in my opinion.

Entrepreneurs do need education, but don't necessarily need formal degrees. We need only that knowledge which helps us attain our goals.

For example, ...

As mentioned earlier, recent counts of job losses hark back to the times when we were losing a half-million or more jobs a month. That's a disturbing turn of events at a time when we so desperately need economic recovery. Consumers losing their income and, hence, their ability to consume drags the economy down even further. Sales of just about everything, including necessities like food and clothing, are bound to be hurt.

Still, the current situation holds some odd paradoxes. This is potentially very valuable information:

We're now birthing more babies than we did during the post-World-War "baby boom".

At the same time, housing starts have not been as low as now since the early 1960s.

How can we bring new people into the world without providing places for them to live two or more decades from now? Some economists and market analysts believe that not only are we some 5+ million housing units behind where we need to be right now, we must also ramp up home starts from the current less than 500,000 per year to an average of 1.25 million new homes per year between now and 2050. Those figures even take into account retiring "boomers" and the backlog of foreclosures.

So how DO we do it?

What is the opportunity behind these portents?

How do we put foreclosed homes back into the active housing stock?

What can we do to provide new housing until the market recovers to where home building again becomes a profitable operation?

We'll consider those questions in future blog posts. In the meantime, feel free to enter your thoughts, ideas and comments below.

All feedback is welcome!

We'll talk again soon!

Take care - be well!

Much Success!