If Steve Jobs was adopted by a Belgian family rather than an American family, it’s extremely possible he may have ended up working in a bank instead of co-founding Apple.
Why? Because starting a company and growing it is hard no matter where you are, but the difficulty is magnified in Europe, where people are divided by geography, regulation, language and cultural prejudice.
While entrepreneurship and startups have spread tremendously in Europe, a lot of aspiring young entrepreneurs leave Europe for the United States. Very little will stop a true entrepreneur from trying to reach his or her goals, including uprooting their entire life and moving it across the ocean to optimize their chances of success. F
rom my interactions with them, the United States’ gravitational pull is only getting stronger.
So, what can Europe do about it?
Here are my three recommendations.
1. Focus on creating large companies
2. Level the playing field
3. Change our culture
It doesn’t mean Europe needs to give up its strong communal beliefs and its desire to look out for the greater good. I’m a firm believer that many modern businesses can “do well and do good.” Businesses that generate value for their shareholders and that also have a positive impact on the world go beyond generating profits.
Our world does not lack business opportunities; there are plenty of people with needs that aren’t met. Enabling entrepreneurship enables innovation, and innovation helps change the world.
The entrepreneurs that succeed in building large businesses, especially those that are aligned with fixing the world’s problems, will transform the lives of others for the better and introduce more opportunity on a global level.
Entrepreneurs, not the government, will change the world. It’s time for Europe to help their companies grow.
Read more: Entrepreneurs, not the government, will save Europe’s economy - The Next Web
Why? Because starting a company and growing it is hard no matter where you are, but the difficulty is magnified in Europe, where people are divided by geography, regulation, language and cultural prejudice.
While entrepreneurship and startups have spread tremendously in Europe, a lot of aspiring young entrepreneurs leave Europe for the United States. Very little will stop a true entrepreneur from trying to reach his or her goals, including uprooting their entire life and moving it across the ocean to optimize their chances of success. F
rom my interactions with them, the United States’ gravitational pull is only getting stronger.
So, what can Europe do about it?
Here are my three recommendations.
1. Focus on creating large companies
2. Level the playing field
3. Change our culture
It doesn’t mean Europe needs to give up its strong communal beliefs and its desire to look out for the greater good. I’m a firm believer that many modern businesses can “do well and do good.” Businesses that generate value for their shareholders and that also have a positive impact on the world go beyond generating profits.
Our world does not lack business opportunities; there are plenty of people with needs that aren’t met. Enabling entrepreneurship enables innovation, and innovation helps change the world.
The entrepreneurs that succeed in building large businesses, especially those that are aligned with fixing the world’s problems, will transform the lives of others for the better and introduce more opportunity on a global level.
Entrepreneurs, not the government, will change the world. It’s time for Europe to help their companies grow.
Read more: Entrepreneurs, not the government, will save Europe’s economy - The Next Web
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