Why Obamacare nee RomneyCare is going to be a boom for entrepreneurship – A view from a Massachusetts entrepreneur.

Summary:  Like it or not, The Supreme Court decided that Obamacare can stand today.  The provision in Obamacare that allows parents to keep kids on their health insurance unitl the age of 26 should spur entrepreneurship for decades to come.  

If you are 22 about to graduate college and looking for a job, stop looking now and start a business.  You have nothing to lose and everything to gain.  You may have student loans, but you don’t have real expenses – kids and mortgages.  Starting a business will give you experience in “dog years”  that you can leverage for the rest of your career.

Pick something that you can generate your first sales in about a month with little up front capital.  This will help you gain confidence and make it fun from the start.  Two of todays’s top entrepreneurs started by re-selling items with limited financial backing – Richard Branson and Mark Cuban.

When I was graduating college, my entire graduating class spent the entire senior year “looking for a job.”   I ‘m not really sure any of them knew what this meant.  Most settled for “good” jobs based on pay, benefits, and quality of life.

I was a bit less disciplined as I was planning to attend graduate school and had launched my first business – an engineering consulting firm.  We had a terrible website – the background was puke yellow because changing the background was a “hot” web design move back then.  The logo looked like crap as we created it in word art.  And, the business cards were a joke as I bought the pre-perforated version from Staples.  I was a guy at a college bar handing out business cards – my wife still has the card I gave her.  But, I somehow managed to land some clients at real companies!  Through this experience, I was bitten with the bug to become an entrepreneur.

Hopefully, young people can utilize this benefit to their advantage to create businesses and profoundly change their careers, skillsets, and ultimately the direction of the country.

About Tim McCaffery

As the Co-Founder and Chief Executive Officer of Lime Design, Tim leverages his considerable experience developing innovative solutions for consumer, commercial, and military markets. Previously at the U.S. Army, Mr. McCaffery managed the development and deployment of military equipment utilizing disruptive technologies. In addition to his experience with the U.S. Army, Mr. McCaffery has experience marketing new products with startup companies. In addition to his role at the ARMY, Mr McCaffery has been a Corporate Intrapreneur at a Fortune 500 Company. Mr. McCaffery holds a B.S. in Chemical Engineering from the University of New Hampshire, a M.S. in Materials Science and Engineering from the University of New Hampshire, and a MBA from the MIT Sloan School of Management.
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