If someone offered you venture capital to launch a new enterprise, avoid most bricks-and-mortar start-up costs (and get government grants to pay what’s left), compensate yourself well and hire young, enthusiastic non-unionized employees, could you pass up the opportunity? Before you answer, consider that you’d also be able to hone your leadership skills, rely on a guaranteed flow of public funding and full liability coverage, continue to augment this with private gifts, and expect customers to line up at your door.
This is the scenario that has lured the thousands of entrepreneurs who, seeking a more meaningful experience than Wall Street can offer, have started charter schools across the United States.
In business terms, it’s the quintessential American capitalist paradigm: Use government policy to help you grow, and lobby to change that policy if it’s too restrictive. Attract venture capital, market your service, build your customer base, keep your operating costs low and eliminate any local competition before those costs escalate. If you see expenses rising, move on to another opportunity. Continue reading