Resilience and the Local Store | Sameeksha Desai | TEDxIndianaUniversity

who doesn’t like to drive

who doesn’t like to drive five people don’t like to drive I love

five people don’t like to drive I love

five people don’t like to drive I love to drive anyone want to guess why

okay I’ll answer this one there are

okay I’ll answer this one there are three reasons that I like to drive the

three reasons that I like to drive the

three reasons that I like to drive the first one is I like being on my own time

first one is I like being on my own time

first one is I like being on my own time I hate rushing to make flight I hate

I hate rushing to make flight I hate

I hate rushing to make flight I hate getting to the airport and missing that

getting to the airport and missing that

getting to the airport and missing that flight and my husband will tell you that

flight and my husband will tell you that

flight and my husband will tell you that happens often and I like being able to

happens often and I like being able to

happens often and I like being able to leave when I want to leave and I like to

leave when I want to leave and I like to

leave when I want to leave and I like to be able to drive around when I get to

be able to drive around when I get to

be able to drive around when I get to where I’m going

where I’m going

where I’m going the second reason I like to drive is I

the second reason I like to drive is I

the second reason I like to drive is I like to bring my dogs with me when I can

like to bring my dogs with me when I can

like to bring my dogs with me when I can travel and I have big dogs and you would

travel and I have big dogs and you would

travel and I have big dogs and you would notice if I tried to sneak them on an

notice if I tried to sneak them on an

notice if I tried to sneak them on an airplane and then the third reason is

airplane and then the third reason is

airplane and then the third reason is the main reason so this is if you look

the main reason so this is if you look

the main reason so this is if you look back here this is where I drove to I

back here this is where I drove to I

back here this is where I drove to I think about four or five weeks ago drove

think about four or five weeks ago drove

think about four or five weeks ago drove down to the Houston area after a

down to the Houston area after a

down to the Houston area after a hurricane drove around a lot of small

hurricane drove around a lot of small

hurricane drove around a lot of small towns this is where I drove two weeks

towns this is where I drove two weeks

towns this is where I drove two weeks ago and three weeks ago from

ago and three weeks ago from

ago and three weeks ago from Indianapolis to Kansas City and I

Indianapolis to Kansas City and I

Indianapolis to Kansas City and I stopped in a number of towns on the way

stopped in a number of towns on the way

stopped in a number of towns on the way and then this is where I drove to

and then this is where I drove to

and then this is where I drove to actually last weekend from Indianapolis

actually last weekend from Indianapolis

actually last weekend from Indianapolis down to actually this map doesn’t show

down to actually this map doesn’t show

down to actually this map doesn’t show you all the places but down to Atlanta

you all the places but down to Atlanta

you all the places but down to Atlanta then to a little town called Lumpkin

then to a little town called Lumpkin

then to a little town called Lumpkin Georgia

Georgia

Georgia anybody know Lumpkin Lumpkin Georgia and

anybody know Lumpkin Lumpkin Georgia and

anybody know Lumpkin Lumpkin Georgia and then up through South Carolina West

then up through South Carolina West

then up through South Carolina West Virginia Ohio

Virginia Ohio

Virginia Ohio I stopped in Dayton and then I went home

I stopped in Dayton and then I went home

I stopped in Dayton and then I went home to Indianapolis here’s what’s really

to Indianapolis here’s what’s really

to Indianapolis here’s what’s really interesting right when you drive around

interesting right when you drive around

interesting right when you drive around this country and it’s a massive country

this country and it’s a massive country

this country and it’s a massive country right you hear the same thing that you

right you hear the same thing that you

right you hear the same thing that you hear when you drive around Sweden or

hear when you drive around Sweden or

hear when you drive around Sweden or India or the Philippines or Iraq and you

India or the Philippines or Iraq and you

India or the Philippines or Iraq and you hear the same thing also from

hear the same thing also from

hear the same thing also from communities that are thriving and from

communities that are thriving and from

communities that are thriving and from communities that are actually

communities that are actually

communities that are actually underserved and are not thriving and you

underserved and are not thriving and you

underserved and are not thriving and you hear one word

hear one word

hear one word again and again and again jobs right so

again and again and again jobs right so

again and again and again jobs right so in communities that are thriving you

in communities that are thriving you

in communities that are thriving you hear people say it’s really great we

hear people say it’s really great we

hear people say it’s really great we have a lot of jobs people are creating

have a lot of jobs people are creating

have a lot of jobs people are creating businesses they’re hiring we have a lot

businesses they’re hiring we have a lot

businesses they’re hiring we have a lot of people coming in and in places that

of people coming in and in places that

of people coming in and in places that are underserved and that have high rates

are underserved and that have high rates

are underserved and that have high rates of unemployment and that are of great

of unemployment and that are of great

of unemployment and that are of great concern for all of us

concern for all of us

concern for all of us Indiana everywhere people are saying we

Indiana everywhere people are saying we

Indiana everywhere people are saying we don’t have enough jobs and we’re not

don’t have enough jobs and we’re not

don’t have enough jobs and we’re not getting jobs and what do we do

getting jobs and what do we do

getting jobs and what do we do everybody’s leaving jobs have gone

everybody’s leaving jobs have gone

everybody’s leaving jobs have gone people have gone and we’re sort of stuck

people have gone and we’re sort of stuck

people have gone and we’re sort of stuck so it seems like a really interesting

so it seems like a really interesting

so it seems like a really interesting fix right but it’s not so where do jobs

fix right but it’s not so where do jobs

fix right but it’s not so where do jobs come from so I am gonna call in someone

come from so I am gonna call in someone

come from so I am gonna call in someone anybody yes sir

you answered the question six steps

you answered the question six steps ahead but okay so entrepreneurs so

ahead but okay so entrepreneurs so

ahead but okay so entrepreneurs so explain to me how that happens

okay all right so jobs come from people

okay all right so jobs come from people that create jobs entrepreneurs right and

that create jobs entrepreneurs right and

that create jobs entrepreneurs right and then the entrepreneurs themselves are

then the entrepreneurs themselves are

then the entrepreneurs themselves are actually self employing right those

actually self employing right those

actually self employing right those people will often start businesses they

people will often start businesses they

people will often start businesses they expand and through the expansion other

expand and through the expansion other

expand and through the expansion other people get hired so you have job makers

people get hired so you have job makers

people get hired so you have job makers or job creators and then you also have

or job creators and then you also have

or job creators and then you also have job takers right and so what’s

job takers right and so what’s

job takers right and so what’s interesting is jobs feed into and sort

interesting is jobs feed into and sort

interesting is jobs feed into and sort of lay the foundation for what we would

of lay the foundation for what we would

of lay the foundation for what we would call a virtuous circle right and in this

call a virtuous circle right and in this

call a virtuous circle right and in this circle we have an entrepreneur right an

circle we have an entrepreneur right an

circle we have an entrepreneur right an entrepreneur starts a business that

entrepreneur starts a business that

entrepreneur starts a business that business services consumers so it brings

business services consumers so it brings

business services consumers so it brings some kind of value which is benefit

some kind of value which is benefit

some kind of value which is benefit number one through bringing value and

number one through bringing value and

number one through bringing value and through expanding the entrepreneur may

through expanding the entrepreneur may

through expanding the entrepreneur may then hire people so that’s job creation

then hire people so that’s job creation

then hire people so that’s job creation which brings about income creation or

which brings about income creation or

which brings about income creation or income generation that’s benefit number

income generation that’s benefit number

income generation that’s benefit number two and then the third benefit is sort

two and then the third benefit is sort

two and then the third benefit is sort of in direct relationship to our public

of in direct relationship to our public

of in direct relationship to our public welfare and that is that by serving the

welfare and that is that by serving the

welfare and that is that by serving the market and by hiring and by expanding

market and by hiring and by expanding

market and by hiring and by expanding entrepreneurs widen broaden and also

entrepreneurs widen broaden and also

entrepreneurs widen broaden and also basically diversify the tax base right

basically diversify the tax base right

basically diversify the tax base right and so the reason this becomes a

and so the reason this becomes a

and so the reason this becomes a virtuous circle is because the tax base

virtuous circle is because the tax base

virtuous circle is because the tax base is what pays for things like roads what

is what pays for things like roads what

is what pays for things like roads what pays for things like good public schools

pays for things like good public schools

pays for things like good public schools and it all comes full circle when the

and it all comes full circle when the

and it all comes full circle when the entrepreneur needs to hire right because

entrepreneur needs to hire right because

entrepreneur needs to hire right because good schools mean good potential

good schools mean good potential

good schools mean good potential employees you can cut a lot of time if

employees you can cut a lot of time if

employees you can cut a lot of time if you have good roads right so your

you have good roads right so your

you have good roads right so your productivity can go up and so that’s the

productivity can go up and so that’s the

productivity can go up and so that’s the virtuous circle that we’re very

virtuous circle that we’re very

virtuous circle that we’re very interested in and so it seems like a

interested in and so it seems like a

interested in and so it seems like a fairly simple equation it’s not right

fairly simple equation it’s not right

fairly simple equation it’s not right it’s difficult enough in prosperous

it’s difficult enough in prosperous

it’s difficult enough in prosperous societies it’s much more complicated in

societies it’s much more complicated in

societies it’s much more complicated in places of crisis right so how do we get

places of crisis right so how do we get

places of crisis right so how do we get this kind of virtuous circle moving

this kind of virtuous circle moving

this kind of virtuous circle moving right if you have a place of crisis

right if you have a place of crisis

right if you have a place of crisis you’re really stuck in a vicious circle

you’re really stuck in a vicious circle

you’re really stuck in a vicious circle which is you have low employment low

which is you have low employment low

which is you have low employment low business creation poor public services

business creation poor public services

business creation poor public services because you don’t have a lot of tax

because you don’t have a lot of tax

because you don’t have a lot of tax revenue

revenue

revenue and that circle sort of perpetuates oh

and that circle sort of perpetuates oh

and that circle sort of perpetuates oh it’s the opposite of a virtuous circle

it’s the opposite of a virtuous circle

it’s the opposite of a virtuous circle how do you basically kick your foot stop

how do you basically kick your foot stop

how do you basically kick your foot stop the circle and then get it to spin the

the circle and then get it to spin the

the circle and then get it to spin the other way right and answers

other way right and answers

other way right and answers we don’t have any so think about it this

we don’t have any so think about it this

we don’t have any so think about it this way if I start a business and let me see

way if I start a business and let me see

way if I start a business and let me see I’m gonna make shoes I like shoes so

I’m gonna make shoes I like shoes so

I’m gonna make shoes I like shoes so let’s say I start making shoes and I

let’s say I start making shoes and I

let’s say I start making shoes and I build a factory right or I build a

build a factory right or I build a

build a factory right or I build a manufacturing facility and I’m in a

manufacturing facility and I’m in a

manufacturing facility and I’m in a place where there’s a terrorist attack

place where there’s a terrorist attack

place where there’s a terrorist attack right it’s going to profoundly affect

right it’s going to profoundly affect

right it’s going to profoundly affect what I do and how I invest after the

what I do and how I invest after the

what I do and how I invest after the attack right if I lose my inventory I

attack right if I lose my inventory I

attack right if I lose my inventory I have a few options I could just close

have a few options I could just close

have a few options I could just close the business right I could continue as

the business right I could continue as

the business right I could continue as if nothing happened and restock and work

if nothing happened and restock and work

if nothing happened and restock and work with my suppliers it’s very unlikely I’m

with my suppliers it’s very unlikely I’m

with my suppliers it’s very unlikely I’m gonna do that and the third option is

gonna do that and the third option is

gonna do that and the third option is that I could continue the business but I

that I could continue the business but I

that I could continue the business but I could keep less inventory so I would

could keep less inventory so I would

could keep less inventory so I would basically lower my risk exposure in the

basically lower my risk exposure in the

basically lower my risk exposure in the event that there were another attack and

event that there were another attack and

event that there were another attack and you don’t want that to happen because

you don’t want that to happen because

you don’t want that to happen because then my ability to meet consumer demand

then my ability to meet consumer demand

then my ability to meet consumer demand also goes down and so that is the kind

also goes down and so that is the kind

also goes down and so that is the kind of vicious circle that we see in places

of vicious circle that we see in places

of vicious circle that we see in places that are often hit by terrorist attacks

that are often hit by terrorist attacks

that are often hit by terrorist attacks that are in prolonged conflict but we

that are in prolonged conflict but we

that are in prolonged conflict but we also see it in places that have natural

also see it in places that have natural

also see it in places that have natural disasters right and that don’t fully

disasters right and that don’t fully

disasters right and that don’t fully recover so when we think about what we

recover so when we think about what we

recover so when we think about what we can do right there’s no easy fix because

can do right there’s no easy fix because

can do right there’s no easy fix because entrepreneurs operate in basically

entrepreneurs operate in basically

entrepreneurs operate in basically systems very complicated systems they’re

systems very complicated systems they’re

systems very complicated systems they’re really ecosystems like a pond like a

really ecosystems like a pond like a

really ecosystems like a pond like a forest you have big roots you have big

forest you have big roots you have big

forest you have big roots you have big sky and then you have a whole lot of

sky and then you have a whole lot of

sky and then you have a whole lot of diversity in between the roots in the

diversity in between the roots in the

diversity in between the roots in the sky and so what that means is hey

sky and so what that means is hey

sky and so what that means is hey there’s no formula to actually get these

there’s no formula to actually get these

there’s no formula to actually get these places moving to stick your foot in the

places moving to stick your foot in the

places moving to stick your foot in the door and be we want to really think

door and be we want to really think

door and be we want to really think about the foundation right so when we

about the foundation right so when we

about the foundation right so when we think about ecosystems we want to think

think about ecosystems we want to think

think about ecosystems we want to think about the ground right and local

about the ground right and local

about the ground right and local businesses local entrepreneurs what I

businesses local entrepreneurs what I

businesses local entrepreneurs what I call the local store is that ground

call the local store is that ground

call the local store is that ground is the foundation in these ecosystems

is the foundation in these ecosystems

is the foundation in these ecosystems and you have to be really careful about

and you have to be really careful about

and you have to be really careful about pulling up the ground you have to be

pulling up the ground you have to be

pulling up the ground you have to be really careful about bringing things in

really careful about bringing things in

really careful about bringing things in and covering it and suffocating it you

and covering it and suffocating it you

and covering it and suffocating it you really want to think carefully about how

really want to think carefully about how

really want to think carefully about how to nurture the ground but also make room

to nurture the ground but also make room

to nurture the ground but also make room for seeds and other things from the

for seeds and other things from the

for seeds and other things from the outside to come in

one thing that’s really interesting is

one thing that’s really interesting is that everything is local and I know we

that everything is local and I know we

that everything is local and I know we live in the world of globalization a lot

live in the world of globalization a lot

live in the world of globalization a lot of people will probably disagree but

of people will probably disagree but

of people will probably disagree but when you open a business when I open my

when you open a business when I open my

when you open a business when I open my shoe factory and I’m in Bloomington

shoe factory and I’m in Bloomington

shoe factory and I’m in Bloomington Indiana I’m going to think about

Indiana I’m going to think about

Indiana I’m going to think about Bloomington roads I’m going to think

Bloomington roads I’m going to think

Bloomington roads I’m going to think about Bloomington human capital I’m

about Bloomington human capital I’m

about Bloomington human capital I’m going to think about storage facilities

going to think about storage facilities

going to think about storage facilities access to logistics and shipping

access to logistics and shipping

access to logistics and shipping facilities from Bloomington I may be

facilities from Bloomington I may be

facilities from Bloomington I may be making shoes to sell in Germany but I’m

making shoes to sell in Germany but I’m

making shoes to sell in Germany but I’m actually making them right here right

actually making them right here right

actually making them right here right even if I’m making an app to sell

even if I’m making an app to sell

even if I’m making an app to sell globally to people that have smartphones

globally to people that have smartphones

globally to people that have smartphones in South Africa and in Kenya and in

in South Africa and in Kenya and in

in South Africa and in Kenya and in China I’m actually still right here

China I’m actually still right here

China I’m actually still right here making that app right and so a lot of

making that app right and so a lot of

making that app right and so a lot of the conditions that I’m gonna factor in

the conditions that I’m gonna factor in

the conditions that I’m gonna factor in to my decision making are very very

to my decision making are very very

to my decision making are very very local when you start thinking about

local when you start thinking about

local when you start thinking about areas that have been hit by terrorism or

areas that have been hit by terrorism or

areas that have been hit by terrorism or by disaster or in some places by both

by disaster or in some places by both

by disaster or in some places by both all of the local conditions are going to

all of the local conditions are going to

all of the local conditions are going to drive your thinking so I open a shoe

drive your thinking so I open a shoe

drive your thinking so I open a shoe factory and I’m in an area where there’s

factory and I’m in an area where there’s

factory and I’m in an area where there’s a high risk of a terrorist attack I’m

a high risk of a terrorist attack I’m

a high risk of a terrorist attack I’m going to worry about is my insurance

going to worry about is my insurance

going to worry about is my insurance coverage going to be good if I lose

coverage going to be good if I lose

coverage going to be good if I lose inventory I’m going to worry about what

inventory I’m going to worry about what

inventory I’m going to worry about what if electrical facilities go out and I

if electrical facilities go out and I

if electrical facilities go out and I can’t actually produce for three or four

can’t actually produce for three or four

can’t actually produce for three or four days that means I can’t sign contracts

days that means I can’t sign contracts

days that means I can’t sign contracts to deliver 500 pairs of shoes by next

to deliver 500 pairs of shoes by next

to deliver 500 pairs of shoes by next Tuesday because I don’t know if I can

Tuesday because I don’t know if I can

Tuesday because I don’t know if I can make them I don’t know if I can hire I

make them I don’t know if I can hire I

make them I don’t know if I can hire I don’t know if I should hire because I

don’t know if I should hire because I

don’t know if I should hire because I may not have the capacity to produce and

may not have the capacity to produce and

may not have the capacity to produce and what happens if I have to drive my

what happens if I have to drive my

what happens if I have to drive my inventory through a very insecure region

inventory through a very insecure region

inventory through a very insecure region so all of these things factored into my

so all of these things factored into my

so all of these things factored into my decision making process as a potential

decision making process as a potential

decision making process as a potential shoe factory owner and and may result in

shoe factory owner and and may result in

shoe factory owner and and may result in me not starting the shoe factory

me not starting the shoe factory

me not starting the shoe factory starting but not wanting to grow too

starting but not wanting to grow too

starting but not wanting to grow too much and over commit to production and

much and over commit to production and

much and over commit to production and in the long run that aggregate that in

in the long run that aggregate that in

in the long run that aggregate that in the aggregate can actually really

the aggregate can actually really

the aggregate can actually really depress local and regional economies so

depress local and regional economies so

depress local and regional economies so if we look at where I sit this is me the

if we look at where I sit this is me the

if we look at where I sit this is me the entrepreneur and many other

entrepreneur and many other

entrepreneur and many other entrepreneurs those are the little

entrepreneurs those are the little

entrepreneurs those are the little rectangular dots I’m actually embedded

rectangular dots I’m actually embedded

rectangular dots I’m actually embedded in my local environment so that’s me

in my local environment so that’s me

in my local environment so that’s me in Bloomington in a socio-cultural

in Bloomington in a socio-cultural

in Bloomington in a socio-cultural context I’m in the state of Indiana so

context I’m in the state of Indiana so

context I’m in the state of Indiana so things like tax policy land policy those

things like tax policy land policy those

things like tax policy land policy those are all going to affect me and then I’m

are all going to affect me and then I’m

are all going to affect me and then I’m in a country so I’m in the United States

in a country so I’m in the United States

in a country so I’m in the United States and then there’s all sorts of industry

and then there’s all sorts of industry

and then there’s all sorts of industry and culture and sector cross-cutting

and culture and sector cross-cutting

and culture and sector cross-cutting characteristics that are going to affect

characteristics that are going to affect

characteristics that are going to affect my business activity in my business

my business activity in my business

my business activity in my business decision now if you take me and you put

decision now if you take me and you put

decision now if you take me and you put me you take me out of Bloomington and

me you take me out of Bloomington and

me you take me out of Bloomington and you put me in Iraq or you put me in

you put me in Iraq or you put me in

you put me in Iraq or you put me in Syria my investment decisions are gonna

Syria my investment decisions are gonna

Syria my investment decisions are gonna be very different right and that’s the

be very different right and that’s the

be very different right and that’s the sort of black box for policy makers and

sort of black box for policy makers and

sort of black box for policy makers and for entrepreneurs because the evaluation

for entrepreneurs because the evaluation

for entrepreneurs because the evaluation of risk is constant so when we think

of risk is constant so when we think

of risk is constant so when we think about things at the local level we’re

about things at the local level we’re

about things at the local level we’re thinking about many things but two in

thinking about many things but two in

thinking about many things but two in particular one is risk and the other is

particular one is risk and the other is

particular one is risk and the other is information so what you see is that in

information so what you see is that in

information so what you see is that in underserved communities information is

underserved communities information is

underserved communities information is actually very expensive to acquire and

actually very expensive to acquire and

actually very expensive to acquire and information is not always reliable and

information is not always reliable and

information is not always reliable and so if I have to spend a lot of my time

so if I have to spend a lot of my time

so if I have to spend a lot of my time as a business owner as a potential

as a business owner as a potential

as a business owner as a potential business owner thinking about getting

business owner thinking about getting

business owner thinking about getting good access to information so I can

good access to information so I can

good access to information so I can understand my market so I can understand

understand my market so I can understand

understand my market so I can understand my risk it’s going to cost a lot of time

my risk it’s going to cost a lot of time

my risk it’s going to cost a lot of time it’s going to cost a lot of money and so

it’s going to cost a lot of money and so

it’s going to cost a lot of money and so while everything is local we also have a

while everything is local we also have a

while everything is local we also have a few gifts from globalization which is

few gifts from globalization which is

few gifts from globalization which is interesting and so these gifts are

interesting and so these gifts are

interesting and so these gifts are basically technology collaboration and

basically technology collaboration and

basically technology collaboration and networks and the relationship across all

networks and the relationship across all

networks and the relationship across all three so

three so

three so it’s now possible for local

it’s now possible for local

it’s now possible for local entrepreneurs to get basically real-time

entrepreneurs to get basically real-time

entrepreneurs to get basically real-time access when there’s been a break in the

access when there’s been a break in the

access when there’s been a break in the supply chain so that means if I’m

supply chain so that means if I’m

supply chain so that means if I’m sourcing something or I’m part of a

sourcing something or I’m part of a

sourcing something or I’m part of a supply chain that’s in a place that’s

supply chain that’s in a place that’s

supply chain that’s in a place that’s been hit either by a disaster or a

been hit either by a disaster or a

been hit either by a disaster or a terrorist attack I will know right away

terrorist attack I will know right away

terrorist attack I will know right away and I can take steps to compensate right

and I can take steps to compensate right

and I can take steps to compensate right I will know that I can move inventory

I will know that I can move inventory

I will know that I can move inventory based on where my networks are and so

based on where my networks are and so

based on where my networks are and so this kind of information that has

this kind of information that has

this kind of information that has actually sped up just be sped up the

actually sped up just be sped up the

actually sped up just be sped up the flow of money and business relationships

flow of money and business relationships

flow of money and business relationships much more quickly than than in the past

much more quickly than than in the past

much more quickly than than in the past and so this quality this kind of

and so this quality this kind of

and so this quality this kind of information is really really helpful the

information is really really helpful the

information is really really helpful the other thing is that entrepreneurs are

other thing is that entrepreneurs are

other thing is that entrepreneurs are now connected through voluntary

now connected through voluntary

now connected through voluntary associations through industry

associations through industry

associations through industry associations I can find out what my

associations I can find out what my

associations I can find out what my partner’s three hours away are doing and

partner’s three hours away are doing and

partner’s three hours away are doing and that kind of network is obviously great

that kind of network is obviously great

that kind of network is obviously great for business right but it’s also really

for business right but it’s also really

for business right but it’s also really good for other things and so you can

good for other things and so you can

good for other things and so you can build security into these relationships

build security into these relationships

build security into these relationships between entrepreneurs firms particularly

between entrepreneurs firms particularly

between entrepreneurs firms particularly growing firms have a vested interest in

growing firms have a vested interest in

growing firms have a vested interest in rebuilding in resilience and so using

rebuilding in resilience and so using

rebuilding in resilience and so using networks across cities and across

networks across cities and across

networks across cities and across regions that are underserved or that are

regions that are underserved or that are

regions that are underserved or that are frequently attacked is actually a really

frequently attacked is actually a really

frequently attacked is actually a really great option right it leads to

great option right it leads to

great option right it leads to information sharing it leads to

information sharing it leads to

information sharing it leads to partnerships and a lot of lessons that

partnerships and a lot of lessons that

partnerships and a lot of lessons that we wouldn’t otherwise pick up so the

we wouldn’t otherwise pick up so the

we wouldn’t otherwise pick up so the really interesting thing also about

really interesting thing also about

really interesting thing also about resilience is that entrepreneurs don’t

resilience is that entrepreneurs don’t

resilience is that entrepreneurs don’t just grow in these types of ecosystems

just grow in these types of ecosystems

just grow in these types of ecosystems where you have good information you have

where you have good information you have

where you have good information you have low risk and you have the ability to to

low risk and you have the ability to to

low risk and you have the ability to to nurture them but they also contribute so

nurture them but they also contribute so

nurture them but they also contribute so there’s a mutually reinforcing

there’s a mutually reinforcing

there’s a mutually reinforcing relationship and that’s part of the

relationship and that’s part of the

relationship and that’s part of the virtuous circle so

virtuous circle so

virtuous circle so I’m gonna leave you with a couple of

I’m gonna leave you with a couple of

I’m gonna leave you with a couple of brief thoughts and then a story from

brief thoughts and then a story from

brief thoughts and then a story from about two weeks ago the first is that

about two weeks ago the first is that

about two weeks ago the first is that there’s a lot of smart talented people

there’s a lot of smart talented people

there’s a lot of smart talented people in areas of crisis right a lot of people

in areas of crisis right a lot of people

in areas of crisis right a lot of people leave but a lot of people stay and local

leave but a lot of people stay and local

leave but a lot of people stay and local people are the people that are going to

people are the people that are going to

people are the people that are going to stay foreign investment is really great

stay foreign investment is really great

stay foreign investment is really great wooing big companies to come to your

wooing big companies to come to your

wooing big companies to come to your city is also really great they certainly

city is also really great they certainly

city is also really great they certainly do create jobs but local residents local

do create jobs but local residents local

do create jobs but local residents local people stay and one two months three

people stay and one two months three

people stay and one two months three months two years after a major attack or

months two years after a major attack or

months two years after a major attack or after a major disaster its local people

after a major disaster its local people

after a major disaster its local people that are still doing the rebuilding all

that are still doing the rebuilding all

that are still doing the rebuilding all right a lot of foreign investment

right a lot of foreign investment

right a lot of foreign investment actually leaves for example in

actually leaves for example in

actually leaves for example in low-income countries when the country

low-income countries when the country

low-income countries when the country gets too complicated and so you really

gets too complicated and so you really

gets too complicated and so you really want to think carefully about what our

want to think carefully about what our

want to think carefully about what our policymakers are doing and what we’re

policymakers are doing and what we’re

policymakers are doing and what we’re doing when we’re in those positions

doing when we’re in those positions

doing when we’re in those positions about balancing big and small right so

about balancing big and small right so

about balancing big and small right so you want again the foundation you want a

you want again the foundation you want a

you want again the foundation you want a lot of small businesses but you don’t

lot of small businesses but you don’t

lot of small businesses but you don’t obviously want to have only small

obviously want to have only small

obviously want to have only small businesses right you want to have

businesses right you want to have

businesses right you want to have companies coming in and out of where you

companies coming in and out of where you

companies coming in and out of where you are so we’re all responsible for this

are so we’re all responsible for this

are so we’re all responsible for this virtuous circle we’re all responsible

virtuous circle we’re all responsible

virtuous circle we’re all responsible for creating this ecosystem

one thing that we haven’t spent a lot of

one thing that we haven’t spent a lot of time thinking about and that we’re just

time thinking about and that we’re just

time thinking about and that we’re just now sort of as a community looking at is

now sort of as a community looking at is

now sort of as a community looking at is the role that entrepreneurs are playing

the role that entrepreneurs are playing

the role that entrepreneurs are playing in disasters and in post terror

in disasters and in post terror

in disasters and in post terror environments when you look at a lot of

environments when you look at a lot of

environments when you look at a lot of terrorist attacks around the world what

terrorist attacks around the world what

terrorist attacks around the world what you’ll see is that there’s a business

you’ll see is that there’s a business

you’ll see is that there’s a business community that shows up right away and

community that shows up right away and

community that shows up right away and we’ve sort of not paid attention to that

we’ve sort of not paid attention to that

we’ve sort of not paid attention to that because we haven’t been looking for that

because we haven’t been looking for that

because we haven’t been looking for that in the terrorist attack in Kenya which I

in the terrorist attack in Kenya which I

in the terrorist attack in Kenya which I think people remember in the mall a few

think people remember in the mall a few

think people remember in the mall a few years ago there was a business community

years ago there was a business community

years ago there was a business community right there right I was and this is the

right there right I was and this is the

right there right I was and this is the story I’d like to share with you I was

story I’d like to share with you I was

story I’d like to share with you I was down in a small town outside Houston a

down in a small town outside Houston a

down in a small town outside Houston a few weeks ago and brought some supplies

few weeks ago and brought some supplies

few weeks ago and brought some supplies down and and helped a little bit and

down and and helped a little bit and

down and and helped a little bit and found a woman and her husband both of

found a woman and her husband both of

found a woman and her husband both of them small business owners in in the

them small business owners in in the

them small business owners in in the local community and they were working

local community and they were working

local community and they were working day and night 7:00 a.m. to 7:00 p.m.

day and night 7:00 a.m. to 7:00 p.m.

day and night 7:00 a.m. to 7:00 p.m. actually probably 10 p.m. every day on

actually probably 10 p.m. every day on

actually probably 10 p.m. every day on Sundays and they had stopped paying

Sundays and they had stopped paying

Sundays and they had stopped paying attention to their businesses which

attention to their businesses which

attention to their businesses which weren’t damaged they stopped paying

weren’t damaged they stopped paying

weren’t damaged they stopped paying attention to their businesses and they

attention to their businesses and they

attention to their businesses and they set up a full time distribution center

set up a full time distribution center

set up a full time distribution center for the local community and when I was

for the local community and when I was

for the local community and when I was talking to the woman she told me a lot

talking to the woman she told me a lot

talking to the woman she told me a lot about what’s going on in the local

about what’s going on in the local

about what’s going on in the local community and how they feel like they

community and how they feel like they

community and how they feel like they might not be a priority with some

might not be a priority with some

might not be a priority with some nonprofits and agencies and things like

nonprofits and agencies and things like

nonprofits and agencies and things like that and so I said well why are you out

that and so I said well why are you out

that and so I said well why are you out here why are you out here sacrificing

here why are you out here sacrificing

here why are you out here sacrificing money that you could be making

money that you could be making

money that you could be making completely taking over your store for

completely taking over your store for

completely taking over your store for the distribution efforts why are you

the distribution efforts why are you

the distribution efforts why are you doing this and she looked me dead in the

doing this and she looked me dead in the

doing this and she looked me dead in the face and she confirmed everything that

face and she confirmed everything that

face and she confirmed everything that I’d already thought but hadn’t heard

I’d already thought but hadn’t heard

I’d already thought but hadn’t heard articulated so well and she said well if

articulated so well and she said well if

articulated so well and she said well if I don’t who’s going to take care of all

I don’t who’s going to take care of all

I don’t who’s going to take care of all our people

our people

our people thank you