Leave a comment »Be afraid-be very afraid: "reward the behavior you wish to have repeated"We are rewarding the wrong actrivities by rewarding failure and taxing successSerious Entrepreneurs HAVE to learn to dance in the rain, because we're the ones getting SOAKED buying umbrellas for everyone else! Read this... Michael LeBoeuf wrote a book called "The Greatest Management Principle in the World," which simply put is "reward the behavior you wish to have repeated." If you look at who's getting REWARDED right now, you'll see where the true priorities lie and it's NOT with either imagination or entrepreneurship. Right now, we: * Tax successful banks that don't need government handouts and give their money to failing banks who do. * Tax homeowners who MAKE THEIR PAYMENTS (because they bought a house they could afford) and give their money to people who DON'T make their payments (because they bought a house they couldn't afford.) * Tax successful automakers that don't need government handouts and give their money to failing automakers that do. * Tax successful small businesspeople and give their money to FAILING large businesses, then COMPLAIN about how they blow the money on lavish parties and executive bonuses, then give them more money anyway! * Increase taxes on small business owners earning over $200,000 a year (that $250K number they talk about on TV all the time is for couples, not individuals), tell them they're RICH and they need to do their "fair share." If you look at the behavior our government is rewarding, you will clearly see the type of behavior we are likely to get in the future. We're rewarding failure. Bottom line: the government is doing a lot right now to reward business failure and not a lot to reward entrepreneurial success. But I'd still rather be a profitable entrepreneur than a begging banker.
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