Bear with me during this digression: back when I was an English major, one of my favorite books was Letters To A Young Poet by the Czech poet Rainer Maria Rilke. The book essentially chronicles the written correspondence between Rainer Maria Rilke and a young poet, as the two movingly discuss the beautiful art of poetry and what a young writer must do to become a successful writer (the book is described in the film Sister Act 2 if you’d like a pop culture reference point).
Now, Rilke may not have much advice for aspiring franchisees, but I came across a franchise-related version of his text recently: letters to a young entrepreneur. Over at Inc.com, young entrepreneurial expert Michael Simmons- who's only four years out of NYU – has been fielding questions from college students considering starting their own small business or franchise. We highlighted the Toilet Paper Book Entrepreneur last week as beneficial for young entrepreneurs, and Simmons, co-author of The Student Manifesto – also has a lot to say on the subject. Follow this discussion here.
Also, those trying to gauge the future of franchising will be heartened to read this report in The Economist. After conducting thorough, exhaustive research, The Economist arrives at this conclusion: America is still the home of entrepreneurship. Lots of interesting material here.
One can only assume the world will be looking to America’s entrepreneurs to trigger the upsurge in the global economy.