Publisher's Perspective

The Innovation Economy

By: Eric Wright

Someone once commented on a certain author who had more than 20 books to his credit. The comment went something like this: “He didn’t write 20 books, he wrote one book 20 times.” I sort of feel that way, whether we are discussing technology, ecommerce or green business; my compass always points to the entrepreneurs who are building the innovative companies of tomorrow. They move the storyline from aspiration to implementation, and we cover some of these Central Florida innovators in this issue.

In a report published by the United States Census Bureau: Statistics of U.S. Businesses, more than 50 percent of the working population (120 million individuals) work in small businesses. Another Small Business Administration (SBA) report produced at the same time tells us over 65 percent of the net new jobs created since 1995 owe their existence to small businesses.

What is important is we also realize immigrants are almost twice as likely to open their own businesses as native-born Americans in the United States. One wonders if our educational system is training people not to be entrepreneurial. In fact, immigrants (or their children) founded 41 percent of Fortune 500 companies, and seven out of 10 of the most valuable brands in the world fall into the same category.

It is encouraging to note the small business failure rate has actually declined, and millennials have launched twice as
many companies across the world as baby boomers. Though the great recession slowed things down and millennial optimism was negatively affected by the downturn, entrepreneur superstars like Elon Musk, Mark Zuckerberg and thousands of others are inspiring a new generation of business starters and builders.

Favorite Quotes From this Issue

“I always had an entrepreneurial spirit, and it was time to take all that I had learned during my career and apply it in a private sector venture.”

— Todd Wilcox [Pg 18]

“I truly enjoy connecting people and businesses that are the right fit for each other but somehow haven’t met yet.”

— Jim Thomas [Pg 24]

“I’m hopeful that Congress will work in a bipartisan fashion to enact common sense reforms to create a more modern, customer-friendly and environmentally friendly Air Traffic Control system.”

— Gary Kelly [Pg 48]

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About the author

Eric Wright

Eric Wright is an innovative leader, dynamic speaker and published author. He turns complex principles into simple and practical life applications. As President of Publishing at SCB Marketing, Eric oversees the production of four business and lifestyle journals, along with numerous specialty publications. Eric is co-author of Dogs Don't Bark at Parked Cars. www.dogsdontbark.com

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