Although the U.S. is considered a mecca for entrepreneurs, the recession has hit struggling areas hard. Our CEO, Thomas White, weighs in on why it’s more difficult being an entrepreneur here than in other parts of the world.
Just because a business is based in the entrepreneurial mecca of the U.S. doesn’t mean it’s above needing help.
If you’re tapped into the world of entrepreneurship, it’s possible you’ve heard of Endeavor, the New York City-based nonprofit that helps connect promising entrepreneurs with vital business-building resources. Since its launch in 1997, the organization has focused primarily on high-impact entrepreneurs in emerging markets. Yet, recently Endeavor set its sights on entrepreneurs stateside for the first time.
“The world has changed and the reality is we’re hurting too,” says Endeavor’s co-founder and CEO, Linda Rottenberg. “There are pockets of the United States where people are really suffering as well, and where high-growth, high-impact entrepreneurs can make a difference.”
After the recession, hard-hit entrepreneurs from cities like Detroit and Atlanta started calling for Endeavor to open offices there. Further, the U.S. has long lacked the same level of social security and medical benefits as peers in parts of Europe or Canada, some say.
“It’s more difficult being an entrepreneur in the U.S. than in other parts of the world,” says Thomas White, president of the Westby, Wisconsin-based C-Suite Network, an online network for C-level execs.