I have often said that I like to try to predict the future. This materializes most concretely in the area of investing – I think the core being an investor is literally attempting to predict how the world will look in the future. If your view is different from other people, and you are correct, then you win.
However, lately as the markets have played out like a broken record the results of a too-levered too-risk agnostic system, my thoughts have turned from future predicting to future creating…and this brings my thoughts to entrepreneurship.
The world today has many problems:
- A challenged financial system driven by a falling real estate market and a slowing economy.
- A massive and growing national debt.
- Homeowners with too much mortgage debt.
- Middle class families that are being squeezed by expenses ranging from health care to consumer credit.
- An educational system that does an inadequate job for many – especially minority urban youth.
- Environmental challenges.
- A dependence on foreign oil.
- Global poverty and illness.
- A health care system that does not serve the poor.
However, the only way these problems will be solved is if *we* fix them. Thus, the inspiration for entrepreneurship emerges.
Rather than standing by and watching these problems and “predicting” their continuation, instead I think we should try to envision a future where these problems are solved. And further, I think coming up entrepreneurial solutions to these problems is crucial.
And so lately my mind has shifted to this mode of thinking.
I don’t think I could stop the “future predicting” part of me if I tried. But I feel like trying to think about trying to solve these other problems for the next period of time.
Please share any ideas you might have, and I will do the same.