Saturday, February 16, 2008

Why Obama is best for Entrepreneurs


First, let me say that I never felt politicians could help entrepreneurs. Primarily because the time it takes a politician to enact policy, the entrepreneur's needs have changed. However, many politicians seem to have good intentions in helping the small business and I think in today's economy we need to pay more attention to the ones that can make a difference.

I was encouraged by Senator Obama's post he made on LinkedIn asking how he could help the small business person. This simple gester goes above and beyond what I have seen any other politican do. Let me explain:

1. First, the fact Obama understands that LinkedIn and social networking is a place to reach people with valuable opinions and as a place for valid feedback is big deal. It shows that he is in tune with technology and how today's entrepreneur communicates.

2. Second, just look at how he runs his campaign. Not only is he executing every aspect perfectly, but you can clearly see he is running it like a business. His marketing and public relations are near perfect, and he is managing every aspect of probably one of the biggest upsets in political history. He may be a politician, but running a national campaign they way he has, clearly shows me he understands how to manage a business.

3. Third, I truly believe (if you read his policies on business and taxes) that he understands there is a clear need for investment in technology and innovation. The current government just talks about investment, but is fearful of overstepping their bounds with Big Oil and Auto. By Obama not taking funds from lobbying groups.

4. Fourth, look at the team is brought on to run his campaign. Instead of hiring a bunch of Washington has-beens and lobbyists, he has stocked his Capitol Hill staff with employees whose résumés include McKinsey, the old Andersen Consulting, and other nonpartisan business advisory firms. This shows me that he appreciates real experience and business minds, more than he appreciates the "old" way Government works with handouts and favors.

5. And Fifth, and most important.... this is the first time I have ever heard a politician consider the following as part of their tax policy.

In Obama's tax policy and TO INSURE AGAINST A NEGATIVE impact on innovation and new business formation, Obama would have a zero rate on capital gains for entrepreneurs, venture capitalists and small-business owners forming new enterprises.

He has won my vote.

3 comments:

reverelaw said...

Thank you for a thoughful and unique analysis....

WOMlinda said...

Hey Rich,
I was very curious about your blog. Where did you get the information behind this statement: "In Obama's tax policy and TO INSURE AGAINST A NEGATIVE impact on innovation and new business formation, Obama would have a zero rate on capital gains for entrepreneurs, venture capitalists and small-business owners forming new enterprises."
Thanks,
Linda
linda@bluevistasolutions.com

DiVita said...

When he first took office, i posted something on Linkedin too. I posed the question: "Will Obama or Innovation get us out?"

I argued that Obama is useless at getting things moving by printing money. But posting things on the internet is not acting, its just talk. We all know that my comments on the TiE Group did not spur any action other than to win the argument with my buddy Ray.

So, him being the biggest Z man of us all, shouldn't he practice the art. Isn't is the CEO of the USA?

Or do we have to mail him a copy of your book?

The facts of value creation are simple to understand, he just does not get it because of his socialistic mindset, so it seems but i am open...