How to be an entrepreneur and the challenges and rewards encountered

The lifeline of any company is its talent. Are you full of rock stars or is your organization more like C's get degrees?

Inc. Magazine reported that small business hiring and wages slowed in 2005, according to a Skokie, Ill.-based payroll research firm SurePayroll.

Quote from the article:

As jobs and average salaries fell, small businesses were increasingly competing with larger companies for good workers, the report showed.

"Larger companies are doing well and are accordingly bidding up salaries in the hunt for talented workers," Alter said.  (Alter is the president of SurePayroll). So as the pace of hiring is down, Alter said, small-business owners are facing higher prices for top-tier employees.

That's just one of several ways the "deck is stacked" in favor of larger firms, Alter said. Bigger companies can afford higher prices for production-boosting technology, along with rising health-insurance costs, while riding out unexpected swings in the energy market. They can also retain high-priced lobbyists to pursue a more favorable regulatory environment in Washington, he added.

"For the little guy, it's getting harder and harder to compete with the big boys," Alter said.

This is where entrepreneurs and small businesses need to be selling authenticity, compassion and more importantly “the dream”.

I see this as the true battle being between love and fear. For the fear influenced job seeker, they will take the money and the corporate job over a love influenced who will take the risk and follow the passion.