Babb says: Just Do It!
Posted by Andrew Jackson University at 2/7/2009 
Categories: Andrew Jackson University,Congressman Scott Garrett,Fox News,Congress,Hank Erwin,Economic Stimulus Package,Dani Babb,John Rutledge,Fox Business Network,Economics,Obama Plan,Don Kassner
Categories: Andrew Jackson University,Congressman Scott Garrett,Fox News,Congress,Hank Erwin,Economic Stimulus Package,Dani Babb,John Rutledge,Fox Business Network,Economics,Obama Plan,Don Kassner
Another Super Saturday on Fox Business Network with Foxdocs stars including Dr. Dani Babb and John Rutledge. Dani, John and a cast of characters and callers addressed the $800 billion dollar stimulus package and entrepreneurship in America.
The additional guests on the hour long show included Republican Congressman Scott Garrett, New Jersey and entrepreneur Salvatore Piazzolla. Mr. Piazzolla mortgaged his home to start S&G Hampton Sun, a skin care line, with his partner several years ago.
The theme of the show centered on two main ideas. 1.) The current stimulus package, which is expected to be passed by Congress this week and 2.) Is this the right time for entrepreneurs to start their own business. These topics are very timely given the recent musing of Andrew Jackson University President – Don Kassner (me).
Earlier this week I recorded my 15th episode of Educate America and I put forward my solution to the current economic crisis. Among my suggestions is to eliminate the capital gains tax and to significantly re-structure payroll taxes. Much to my surprise a caller from California, Mike, suggested to the Congressman that something needs to be done about capital gains and payroll taxes. Foxdoc extraordinaire Rutledge immediately piped in supporting the caller’s ideas for eliminating both of these taxes as the best way to stimulate economic activity – a much better alternative than the current stimulus. Rutledge went on to echo my comments which I made Friday when I was a guest on the Hank Erwin Show. I believe we shouldn’t whine about what the government is going to do. The stimulus package will be passed and it’s more important for each of us to realize it is up to us to make a difference for ourselves. As I put it to Hank Erwin, we can’t change the deck, we need to play the cards we’ve been dealt.
During the show, many of the callers had questions about the timing of starting a business in today’s economy. Dr. Babb, who serves as the Dean of the College of Business at Andrew Jackson University, argued that today is the best time to start your own business. She went on to make the argument that since 80% of the workforce works for small business, then that’s where our focus should be. In fact, she said we really shouldn’t call it small business since clearly it IS business in the United States today. This is the same advice I gave to the viewers of the Hank Erwin Show. Hank asked me what Alabamians could do to survive these economic times and I said people need to be responsible for themselves. They need to create their own opportunities – try consulting – part time work – work for hire. Take advantage of your skills and develop new ones. How about going back to school?!
OK – another SuperBabb Saturday and all I can say is….Great minds think alike. And again, Babb and Rutledge support the idea that Americans can do anything. At Andrew Jackson University, our students can do anything such as Taking their Education Anywhere – anytime and at the lowest cost.
Tune in again next Saturday – and twit Dani and John at twitter.com/thefoxdocs.
Happy Studying
Don Kassner
The additional guests on the hour long show included Republican Congressman Scott Garrett, New Jersey and entrepreneur Salvatore Piazzolla. Mr. Piazzolla mortgaged his home to start S&G Hampton Sun, a skin care line, with his partner several years ago.
The theme of the show centered on two main ideas. 1.) The current stimulus package, which is expected to be passed by Congress this week and 2.) Is this the right time for entrepreneurs to start their own business. These topics are very timely given the recent musing of Andrew Jackson University President – Don Kassner (me).
Earlier this week I recorded my 15th episode of Educate America and I put forward my solution to the current economic crisis. Among my suggestions is to eliminate the capital gains tax and to significantly re-structure payroll taxes. Much to my surprise a caller from California, Mike, suggested to the Congressman that something needs to be done about capital gains and payroll taxes. Foxdoc extraordinaire Rutledge immediately piped in supporting the caller’s ideas for eliminating both of these taxes as the best way to stimulate economic activity – a much better alternative than the current stimulus. Rutledge went on to echo my comments which I made Friday when I was a guest on the Hank Erwin Show. I believe we shouldn’t whine about what the government is going to do. The stimulus package will be passed and it’s more important for each of us to realize it is up to us to make a difference for ourselves. As I put it to Hank Erwin, we can’t change the deck, we need to play the cards we’ve been dealt.
During the show, many of the callers had questions about the timing of starting a business in today’s economy. Dr. Babb, who serves as the Dean of the College of Business at Andrew Jackson University, argued that today is the best time to start your own business. She went on to make the argument that since 80% of the workforce works for small business, then that’s where our focus should be. In fact, she said we really shouldn’t call it small business since clearly it IS business in the United States today. This is the same advice I gave to the viewers of the Hank Erwin Show. Hank asked me what Alabamians could do to survive these economic times and I said people need to be responsible for themselves. They need to create their own opportunities – try consulting – part time work – work for hire. Take advantage of your skills and develop new ones. How about going back to school?!
OK – another SuperBabb Saturday and all I can say is….Great minds think alike. And again, Babb and Rutledge support the idea that Americans can do anything. At Andrew Jackson University, our students can do anything such as Taking their Education Anywhere – anytime and at the lowest cost.
Tune in again next Saturday – and twit Dani and John at twitter.com/thefoxdocs.
Happy Studying
Don Kassner
Part of the economic crisis solution definitely includes knowledge sharing. Prior to diving into the entrepreneurship arena, people need to understand business and how to conduct business during these trying times. Traditional business plans may not always apply given current economic conditions. Strategy is vital to success.
People need to learn how to be independent (of the gov't also) and more dependent on their first human instinct: survival. Necessity has been known to be the mother of many inventions. On so many occasions, survival needs drive us to that innovative place within where many niches were once born and are still being born...
Let's look at a quick scenario: During these trying times, the Fast Food Industry seems to be thriving. People still need to eat and are eating cheaper if not eating less. Given this knowledge, fast food small businesses may be a good place to start. Start small, make it healthy, tasty and affordable; then deliver and do so efficiently.
A Technology type scenario could be: More people are starting web based business and most people with web-based business are trying to improve or maintain their position with their target markets. Consider offering help to businesses for establishing their positions, or maintaining what they already have or generating better positioning. Web programmers go beyond web design, get into web application design and use applications like ROR to expedite the process. Optimize code for SEO and optimize websites for SMO. Writers, start writing more engaging content material for web sites - especially commerce sites. Etc. Etc. Etc.
In essence, look at the need that is there and fulfill that specific need - if it is feasible. Do not reinvent the wheel. Roll with it. Look around and you will see people trying to dip into their innovative selves... for survival; help them and in the interim you will find a business opportunity and maybe your own niche. If you can help someone do something that he/she need to do then you have found the ideal start-up business. In essence, once that need is there, you will be in business. At least for that duration of time, given the right approach, you can meet your basic human needs and maintain good financial footing.
I am certain there is more to be learned about approach at http://www.drdaniellebabb.com and the every Saturday show at Fox Business between 1-2pm EST. Just ask.
The C.
Reply to this