Founder & Chief Executive
Startup Professionals
Phoenix, Ariz., mentor and advisor to startups.
Even for professionals (click here) who didn’t lose family, friends and co-workers on September 11, 2001, that day prompted soul-searching about the value of sticking with high-paying, seemingly secure jobs, compared to following their dream and being more in control of their own destiny. The result was an immediate surge in entrepreneurship and startups across the country. Of course, most found out that startups are tough, so we haven’t seen any improvement in the failure rate, which still seems to indicate that 50% are gone within the first five years.
Despite the challenges, I see an increased respect for the role of the entrepreneur in our culture, one that has put entrepreneurs almost on a pedestal, as the pioneers of change in the world, up from second-class citizens who couldn’t qualify for high-paying roles in corporate America. Maybe 9/11 was the wake-up call we needed to get American business thinking back to its roots.
And values changed with local economies coming into view as a satiation of personal values and a return to quality of life.
Marc Compeau
Director, Reh Center for Entrepreneurship
Clarkson University, Potsdam, NY
Work, family and fun (click here) have long fought for space on life’s goal lists. The 9/11 aftermath brought some rebalancing—and an urge for simplicity. Upstate New York has seen a rebirth of many downtowns, filled with energetic and innovative entrepreneurs comforted by the notion that no terrorist cares about downtown Saratoga Springs. “We have seen many more visitors who don’t just wish they could live a simpler life, but actually open a store front and make a go of it,” says Erin Draper, Director of the Adirondack Business Center in Saranac Lake, NY. “The migration of urban entrepreneurs has really transformed many of the small towns we work with.” Susan Hirschfeld, a fashion consultant for several major retailers, is one of those who sought simple. “I was always running, so tired all the time but never taking a break long enough to realize it,” she says. So Hirschfeld moved to Lake Placid, NY, where she launched her own line of snowboard clothing, Hardway Apparel: “I don’t have anywhere near the disposable income I had but I have traded that cash for peace,” she adds. “Life is so simple–and so fulfilling.”
