Providing a non-partisan model for generating and sharing          

    essential information on public issues and proposed solutions              

10th Anniversary :  2005- 06 to 2015-16

   
                                                                                                  About Civic Caucus   l   Interviews & Responses  l   Position Reports   l   Contact Us   l   Home  
 
 Response Page - Boulay  Interview -      
                                                      Please take one minute to evaluate our website. Click here to take the survey.

These comments are responses to the statements listed below,
which were generated in regard to the
 Patrick Boulay  Interview of
02-07-2014.
 

Business startups contribute to Minnesota's economy

OVERVIEW

One of the biggest reasons new businesses fail is that they don't have the right advice at the right time, according to Patrick Boulay, publisher and president of New Business Minnesota Publishing. In the Twin Cities area alone, there are about 2,000 new businesses formed every month and Boulay says those 24,000 new startups invest more than $200 million annually, just trying to get up and running. He sends the Twin Cities startups a series of four consecutive issues of New Business Minnesota, his monthly resource guide. Boulay's clients are the people who pay to be featured on the cover of the newspaper and in an informational column inside. His clients are bankers, lawyers, CPAs and others interested in serving new startup small businesses.

According to Boulay, in 2013 there were 58,000 new startup businesses statewide. These new businesses create jobs and deserve support. He says government agencies can help startup small businesses, but lack funding to promote and provide their programs to a wide audience. He says that collecting more information about the startups would make the state more receptive to new businesses. He notes that many new startups are self-employed independent contractors, since businesses are using more contract employees. He asserts that the biggest challenge facing small, startup businesses is the dismissiveness they encounter in the marketplace.

For the complete interview summary see: Boulay interview

Response Summary: Average response ratings shown below are simply the mean of all readersí zero-to-ten responses to the ideas proposed and should not be considered an accurate reflection of a scientifically structured poll.

To assist the Civic Caucus in planning upcoming interviews, readers rated these statements about the topic on a scale of 0 (strongly disagree) to 5 (neutral) to 10 (strongly agree): 

1. Topic is of value. (6.9 average response) The interview summarized today provides valuable information or insight.

2. Further study warranted. (7.2 average response) It would be helpful to schedule additional interviews on this topic.

Readers rated the following points discussed during the meeting on a scale of 0 (strongly disagree) to 5 (neutral) to 10 (strongly agree): 

3. Start-ups an economic strength. (7.9 average response) New business start-ups, forming at the rate of nearly 60,000 a year statewide, represent a largely overlooked strength of the Minnesota economy.

4. State should provide more aid. (7.1 average response) As a strategy to increase jobs, Minnesota should do more to help its business start-ups.

5. Failure due more to lack of advice. (6.9 average response) Absence of good advice, not absence of financing, is the main reason start-up businesses fail.

Response Distribution:

Strongly disagree

Moderately disagree

Neutral

Moderately agree

Strongly agree

Total Responses

1. Topic is of value.

11%

22%

0%

22%

44%

9

2. Further study warranted.

0%

22%

0%

56%

22%

9

3. Start-ups an economic strength.

0%

0%

30%

30%

40%

10

4. State should provide more aid.

0%

20%

20%

20%

40%

10

5. Failure due more to lack of advice.

0%

20%

20%

30%

30%

10

Individual Responses:

David G. Dillon (10) (10) (10) (10) (10)

5. Failure due more to lack of advice. I know this is repeatedly true from personal experience and observation.

Scott Halstead (10) (10) (10) (10) (5)

4. State should provide more aid. Perhaps a website that provides resources for new businesses.

Anonymous (10) (7.5) (7.5) (5) (5)

Dave Broden (0) (7.5) (7.5) (2.5) (2.5)

1. Topic is of value. Shallow; without any real understanding of the start-up business environment or who makes it happen.

2. Further study warranted. The topic of new starts and initiatives in MN economic development regardless of size or purpose definitely must be a topic for CC, but we must Ö ensure some depth. Sources such as COCO would be a good start. Also a solid venture capital or start up investment company.

3. Start-ups an economic strength. Perhaps not overlooked but perhaps not included in the economic development mix as much as appropriate, particularly as the economyís diversity has changed and continues to change. Also the state or other organizations must seek to track the types of small start-up or independent businesses and to foster effective networking.

4. State should provide more aid. The state does not need to add funds; it does, however, need to better track and account for the types of business and categories of business so that the resources available can be used effectively.

5. Failure due more to lack of advice. Failure is not [due to] either lack of advice or lack of financing; [what is needed] is simply thinking through what the business is and how it can do what it was established to do. Perhaps advice or mentoring can help, but simple awareness and more importantly building a network, and ensuring that the business presents a customer/client image [are] most critical.

Don Anderson (2.5) (2.5) (5) (7.5) (2.5)

Bruce A. Lundeen (2.5) (2.5) (5) (2.5) (7.5)

William Kuisle (9) (9) (10) (8) (10)

With this kind of an audience, Higher Ed should be a resource for these small businesses.

Mark Ritchie (na) (na) (na) (na) (na)

Great interview.

Chuck Lutz (8) (8) (9) (10) (8)

Wayne Jennings (10) (8) (10) (10) (8)

Revealing information in this interview. I suspect too many people start businesses on a whim and without solid information on what it entails. The state and feds have helpful resources but they donít reach many of these startups. This is a missed opportunity for our officials.

Roger A. Wacek (na) (n

    

The Civic Caucus   is a non-partisan, tax-exempt educational organization.   The Interview Group  includes persons of varying political persuasions,
reflecting years of leadership in politics and business. Click here  to see a short personal background of each.

  John S. Adams, David Broden, Audrey Clay, Janis Clay, Pat Davies, Bill Frenzel, Paul Gilje (coordinator), Randy Johnson, Sallie Kemper, Ted Kolderie, Dan Loritz (chair),
Tim McDonald, Bruce Mooty, John Mooty, Jim Olson, Paul Ostrow, Wayne Popham, Dana Schroeder, Clarence Shallbetter, and Fred Zimmerman


©
The Civic Caucus, 01-01-2008
2104 Girard Avenue South, Minneapolis, MN 55405.  civiccaucus@comcast.net
Dan Loritz, chair, 612-791-1919   ~   Paul A. Gilje, coordinator, 952-890-5220.

contact webmaster
 

 

 

Hit Counter