Harry Dent | Monday, April 28, 2014 >>
I don’t watch a lot of TV, but I do follow the reports on the mystery Flight 370 — which you just can’t get away from — and two reality shows.
The first is Shark Tank on ABC. Entrepreneurs present their businesses to five super-rich and successful investors in the hopes that one or more will invest in the opportunity on display.
Regardless of whether the investors are “in” or “out,” just getting on the show is a big win for the entrepreneur. Not only does his business, ideas, and product get national exposure, but he (and the viewers) get great feedback and advice from seasoned sharks (although sometimes they’re wrong).
And this is the future of business.
It’s part of the new bottoms-up economy that’s developing around us right now, and that I’ve highlighted before by pointing you to shows like The Voice, American Idol, America’s Got Talent, and The X-Factor.
It’s about exposing talent on a national scale rather than talent-scouting…
It’s about letting the audience choose what they want to listen to, watch or buy rather than spoon-feeding them and just hoping you got it right.
And it’s so much better and more egalitarian than the old command-and-control system of “who’s your agent,” or “who’s your daddy.”
The exciting thing is that there is so much potential yet for the new bottoms-up, information economy, thanks to all the social media exploding out of the Internet and broadband/mobile revolution. We’re still following an S-Curve progression, as I forecast back in the early 1990s.
If you embrace the mentality of the new network model, your business ventures will soar. That’s why I’ve gone into this topic in great detail here.
But I mentioned that I like TWO programs…
The second I love is The Profit on CNBC, where multimillionaire Marcus Lemonis inserts himself into failing businesses started by gifted entrepreneurs. He goes head-to-head with strong-minded entrepreneurs who just don’t see the next stage in the four-stage product life cycle, or who just can’t delegate to their best employees or business partners.
So why do I love this program?
Because that’s exactly what I did in the 1980s, when I started consulting to entrepreneurial businesses, bringing my insights from Harvard Business School and Bain & Company to the table.
And just like Marcus, when I consulted to growing young ventures, I was forced into the hard-ass role.
You see, most entrepreneurs succeed at first, thanks to their strong vision and determination… but then they become the roadblocks that prevent the business from growing.
I had to take over a few companies and literally came close to fist-fights with the founders as I tried to get reality to prevail over their strong egos.
I had to kick two entrepreneurs out of their own companies just to save the business and the employees.
Others, I could finally work with by bringing in new management or partners to offset their weaknesses.
And in some, I was forced to convince them to sell to a stronger marketing firm that could take them into the 10% to 90% S-Curve acceleration before they died. When I did that, I ensured the deal fairly divided the future growth between the entrepreneur and the new firm, thereby getting my clients more than they thought their firm was worth.
Through it all, I learned that I had the vision and objective analysis to pull off some remarkable business turnarounds, even though that was not my original business strategy.
But I also learned something more important…
That is, in a crisis, everyday people become heroes. When the barn is burning, they rush in to save the horses, the dogs or the kids without a second thought to the risk to their own lives.
A crisis creates clarity and resolve to take the right action.
This is why I welcome the “great reset” and crisis I forecast between 2014 and 2019. We have huge debts that need to be restructured… massive entitlements that have no chance of ever being paid… global pollution that threatens our very future as human beings… and financial institutions that are being fed by the Federal Reserve until they’re monsters of greed, speculating and creating bubbles that will burst and wipe out the cherished savings of more everyday people.
We need a crisis to wake us up to the reality of our financial situation… to force us into making clear decisions that will create the reforms we need for a brighter future…
We need to relieve the younger generation of housing prices and debt burdens they have no chance of coping with…
We need to force an evolution in business organizations and technological innovation that will take us to the next level of productivity (as occurred from the 1930’s economic winter season forward).
What we don’t need is more denial and more artificial stimulus to manipulate the free market system that once made us so rich.
We don’t need to go into a “coma economy,” like Japan did.
We need to face our debt addiction, get off the financial drugs, and move ahead!
We need to let the free market system do what it does best: rebalance and generate new innovations.
We need the insights and knowledge of real-world successful people, like the sharks and Marcus Lemonis… not academic douche bags like Ben Bernanke and Janet Yellen, who seem to have never had sex or run a business.
Our mission is to provide you with that clear, economic reality.
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