{"id":10279,"date":"2021-07-27T14:28:58","date_gmt":"2021-07-27T12:28:58","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=10279"},"modified":"2021-07-27T14:29:01","modified_gmt":"2021-07-27T12:29:01","slug":"you-may-be-thinking-of-launching-a-business","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/you-may-be-thinking-of-launching-a-business\/","title":{"rendered":"You May Be Thinking Of Launching A Business"},"content":{"rendered":"
\"You<\/div>\n

You May Be Thinking Of Launching A Business. First, Understand Your Motivations<\/h3>\n\n\n\n

Godfrey Riddle founded an ethics-forward fashion brand during the pandemic. It’s already breaking\u00a0even. CIVIC SAINT<\/small><\/p>\n\n\n\n

A record number of people quit their jobs in May, 3.6 million, following the 4 million who walked out in April, according to the Bureau of Labor Statistics. Many are launching businesses or considering it.<\/p>\n\n\n\n

Who are these New Builders and what motivates them, in this mid-pandemic era? On a recent visit to Kansas City to speak at the Chamber of Commerce<\/a>, I met three who look far different than the billionaire amateur astronauts dominating the headlines lately.<\/p>\n\n\n\n

Two of the business owners I met launched in the past year, and the other in the last recession. Recessions often give people the unexpected energy to launch: If life is topsy-turvy, why not ride some of those waves to your next phase?<\/p>\n\n\n\n

On a walk around the city, I also saw evidence of the economic<\/a> energy of 100 years go, which bears some similarity to our own time (and not just because this summer\u2019s hedonism invites comparisons to the Roaring Twenties).<\/p>\n\n\n\n

Civic Saint<\/h3>\n\n\n\n

The\u00a0true entrepreneurs across America<\/a>\u00a0look a lot more like Godfrey Riddle, Jennifer Hart and Elaina Paige than Jeff Bezos, or even the rising generation of SPAC millionaires. (I\u2019m deliberately retaking the word entrepreneur to include small businesses, in part because reserving the word entrepreneur for white men at the head of tech companies has been one more tool for keeping women and people of color out of the circles of power.)<\/p>\n\n\n\n

Riddle, a black man, is typical of the rising generation of Millennial entrepreneurs, who are motivated by the idea of making an impact in the world. Affluent Millennials have already changed the investment market by putting money into what are called ESG investments, which seek a double bottom-line return. In fact, 87% of Millennials believe that \u201cthe success of business should be measured in terms of more than just its financial performance,\u201d according to a 2019 survey by Fidelity Charitable.<\/p>\n\n\n\n

Riddle launched Civic Saint, a fledgling fashion brand, in October 2020. When he was a kid, his family lost a house to foreclosure.<\/p>\n\n\n\n

\u201cI didn\u2019t understand it,\u201d he said. \u201cWhy would a business be taking something away from a kid who needed it, meaning a house?\u201d<\/p>\n\n\n\n

He remembered the sense of confusion over the years, and wondered about how businesses could be structured so that they helped build communities, not structured so they disenfranchised people.<\/p>\n\n\n\n

Riddle went on to a career as a fundraiser for nonprofits. But then a few things happened that told him to quit waiting. He was diagnosed with cancer, and he lost both his mom and dad. Then George Floyd\u2019s murder happened. He took all that grief and energy and launched Civic Saint, whose messages of solidarity resonate in a city where gun violence is surging. Some of his T shirts read: \u201c#BLM,\u201d \u201chuman,\u201d and \u201cpersist.\u201d<\/p>\n\n\n\n

On my walk around Kansas City, I passed a storefront called Do Good Co., which sells some of Civic Saint\u2019s wares. Riddle is not the only entrepreneur thinking about how to combine a sustainable business with a thoughtful impact \u2013 and, like entrepreneurs of generations ago, he kept his day job while he launched his company. His business is already breaking even.<\/p>\n\n\n\n

Hartline Construction<\/h3>\n\n\n\n

I arrived in Kansas City, of course, via the airport, the center of a planned construction project which seemed to be a sore point for pretty much every Kansas Citian I met. The tiny international airport is easy to navigate now, but Kansas City has been growing in stature \u2013 it\u2019s giving St. Louis a run for its money as the capital of the Southern Midwest. That means an expansion is in the works that will consume the easy parking.<\/p>\n\n\n\n

Meanwhile, the company that won a bid for some of the work is a female led construction firm, Hatline Construction, which was founded during the last recession.<\/p>\n\n\n\n

Jennifer Hart lost her job as an architect, and in a process familiar to many women, had to reinvent herself, quickly. Construction companies were still working: there was her answer.<\/p>\n\n\n\n

Today, she is driven in part by the idea that she has built a company that employs people with good, stable jobs. Talking to her reminded me of speaking with Meribeth Franklin<\/a>: During the pandemic, women business owners I spoke to were motivated to keep their companies going to care for their employees.<\/p>\n\n\n\n

\u201cDo your research and educate yourself, and move forward,\u201d she advised people starting businesses now. \u201cKeep on Keeping On. Know you and know you can do it. Females and minorities have a few more hurdles, but we can jump those hurdles.\u201d<\/p>\n\n\n\n

\"You
You May Be Thinking Of Launching A Business<\/figcaption><\/figure>\n\n\n\n

Next Paige Agency<\/h3>\n\n\n\n

Elaina Paige, also launched this year, in the middle of the pandemic. A professional dancer who had, among other things, danced with Beyonce on tour, she returned to Kansas City and spied an opportunity. The city was home to a burgeoning arts scene, but there was no professional talent agency for visual and performing artists.<\/p>\n\n\n\n

As of last month, her 11-employee firm had already signed 50 artists to represent through her Next Page Agency, and is launching classes and more services soon. She told me that she saw her business when she was a kid, just like Riddle did.<\/p>\n\n\n\n

She received a $50,000 grant from a nonprofit called Kansas City GIFT to help in her mission, which includes putting Kansas City even more on the map as a center of the arts.<\/p>\n\n\n\n

Why did she come back to Kansas City, and why is she staying? \u201cThe best way I can say it, is that home is where the heart is,\u201d she said.<\/p>\n\n\n\n

What\u2019s the lesson in these entrepreneurs? Starting a business is hard \u2013 maybe harder than you realize \u2013 and you have to realize what motivates you. The image in the media would tell you that profit and power are the only acceptable motivations for an entrepreneur. The real picture is much more complicated, and personal \u2013 but if you\u2019re going to succeed, you need to know yourself well enough to keep going.<\/p>\n\n\n\n

Twilight Of The Giants<\/h3>\n\n\n\n

Kansas City is also home to two huge privately held enterprises that grew up, not coincidentally, in the early part of the last century: Hallmark and Tension Envelope. My walk through Kansas City\u2019s arts district brought me into the shadow of the Tension Envelope sign atop an old manufacturing building.<\/p>\n\n\n\n

Those two companies rode another similar wave in U.S. history: after the turn of the century saw huge technological innovations that established new networks and connected people \u2013 think the telephone, lightbulb and car \u2013 the next few decades saw the commercialization of those inventions, and social changes that grew out of new connections and relationships.<\/p>\n\n\n\n

By the early 20th century, the trust busters were moving to break up giants like Standard Oil. But it wasn\u2019t only <\/em>size that turned the government on John. D. Rockefeller.<\/p>\n\n\n\n

Rockefeller\u2019s enormity put him in the spotlight, and then, his treatment of employees and fellow businesspeople showed him to be out of touch with new social norms and ideas of equality. In fact, it was a woman journalist, Ida Tarbell, who helped the breakup along with her stellar reporting about \u2013 not to put to fine a point on it \u2013 what a jerk he was.<\/p>\n\n\n\n

Rockefeller eventually became a dinosaur \u2013 albeit an ultrawealthy one \u2014 because the world moved on. If you look at what\u2019s really going on in cities across the country, the real entrepreneurial energy, the profit-seekers and gamifiers of the past generation start to look like fossils, too.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

Source: www.forbes.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

You May Be Thinking Of Launching A Business. First, Understand Your Motivations Godfrey Riddle founded an ethics-forward fashion brand during the pandemic. It’s already breaking\u00a0even. CIVIC SAINT A record number of people quit their jobs in May, 3.6 million, following the 4 million who walked out in April, according to the Bureau of Labor Statistics. 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