Home > Small Biz, Teaching > 1m1m – One Million by One Million

1m1m – One Million by One Million

1m1m – One Million by One Million.

If we can teach millions of entrepreneurs to build sustainable businesses, the Western world’s current struggle with unemployment can be tackled, just as the emerging markets’ efforts at development can also be tackled.

With this premise in mind, I have started the One Million by One Million (1M/1M) initiative, a virtual incubator whose goal is to help a million entrepreneurs reach a million dollars in annual revenue and beyond, create a trillion dollars of global GDP, and create at least 10 million jobs by 2020. At scale, we believe this will establish the framework for capitalism 2.0: a distributed, democratic capitalism around the world.

A distributed, democratic capitalism as described above would solve the problem of rampant speculation in a simple, elegant fashion. Most of these companies will never go public or be acquired. They will continue to exist as small cash-generating businesses, supporting small but stable workforces in diverse and distributed communities far from the reach of the speculators.

This, coupled with policy changes, including regulation to check the speculators from taking undue risks, as well as tax policies that favor entrepreneurs and penalize excessive speculation, would help to marginalize the dark forces clouding capitalism. It would sharpen our focus on value creation and entrepreneurship, and, I believe, usher in an era of prosperity and stability throughout the world.

Categories: Small Biz, Teaching
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: