Follow Adam Linkedin Twitter Facebook
Email Adam Email
Financial
Oct 15, 2015

Why Entrepreneurship Is Optimism In The Future

Sponsored Content provided by Adam Shay - Managing Partner, Adam Shay CPA, PLLC

Entrepreneurship is building a high growth, scalable business. It's different than general business ownership, which can be a lifestyle business, earning a living or the like. Entrepreneurship involves a lot of risk, challenges, trials and tribulations. It's not easy. However, the act of entrepreneurship is one of the greatest ways that one can demonstrate his or her optimism in the future.  For that reason, it's an act that is inspiring and something that we should support in our community. It can often lead to bigger and greater things for both the entrepreneur and surrounding community. That's why we need more entrepreneurs in the region and to continue to build the ecosystem to support them.
 
An entrepreneur doesn't always have to be optimistic, but does need the will to battle through challenges and to know that things will get better in the future. There are so many obstacles to overcome, problems to solve, and pivots involved that entrepreneurs have to have resolve to battle through. Without such resolve, they would simply give up. That's what separates entrepreneurs from the rest of the pack – not everyone can do it.
 
There are various ways our community can support the entrepreneurial ecosystem and make things slightly easier for up-and-coming entrepreneurs. One way is to get the word out to others – outside our area – that Wilmington is about more than tourism, and that we have great entrepreneurial companies here. Some high-profile ones such as Live Oak Bank, nCino, Next Glass, Castle Branch and others are definitely on the regional and national radars, and several have attracted capital from all over the country. These companies have generated hundreds of desirable, high-paying jobs. We also need to get the word out about up-and-comers that are just popping up on the radar and will be the next batch of success. I personally do so by writing for ExitEvent, a Triangle-based online platform that highlights entrepreneurship across the state.
 
We need to support organizations and events that are promoting entrepreneurship in the region. The UNCW CIE has recently undergone a revamp to focus on student entrepreneurs and the business community in general with monthly events. Jim Roberts is holding monthly entrepreneurship events at Ironclad Brewery. Elite Innovations Makerspace is a great resource for early prototypes, product development and turning an idea into a proof-of-concept.

It's not about picking sides or a specific individual or organization. We need to keep our eyes and ears open to support other great things that will pop up. There are a good number of people from the Raleigh-Durham startup communities keeping an eye on the area and exploring ideas for Wilmington. It's about building an entrepreneurial community that supports each other and builds momentum for current and future entrepreneurs.
 
We can get behind and attend Cucalorus Connect, which will be held November 11-15. Cucalorus Connect is the Cucalorus Film Festival's effort to expand and involve our growing entrepreneurial community through events that are focused on entrepreneurship. The model of marrying the arts with entrepreneurship and innovation has been very successful at Austin's South by Southwest festival. Hopefully, Cucalorus Connect can have a similar impact on a smaller scale.
 
We also need to continually remind the Wilmington Chamber of Commerce and local government officials that supporting entrepreneurship efforts and organizations is important for the economic future of the region. They have supported some of the efforts and need to continue to do so. Just ask the Raleigh-Durham folks what entrepreneurship has done for their region. Governments do need to choose wisely where they spend their money and expect an ROI like any other investor would.
 
I am optimistic about the future of entrepreneurship in the Cape Fear region. I hope that after reading this article that you are too.
 
Adam Shay, CPA (NC License Number 35961), MBA, is managing partner of Adam Shay CPA, PLLC. He focuses on minimizing taxes and improving the financial results of entrepreneurs, and is actively involved in supporting the Wilmington entrepreneurial and startup community. For more information, visit http://www.wilmingtontaxesandaccounting.com/ or email him at [email protected]. He can also be reached by phone at 910-256-3456.

Other Posts from Adam Shay

Adam shay blk 52015121549
Ico insights

INSIGHTS

SPONSORS' CONTENT
Bankofamericaderekcohen 122316122315

Bringing Manufacturing Back To The U.S.

Derek Cohen - Bank of America Merrill Lynch
Geofflosee300x300 10221511305

Purpose and Passion: The Coggins Create New Scholarship for UNCW

Geoffrey Losee - Rountree Losee LLP
Billhunter300x300 b&w

Why Were These Our Most-Read Insight Articles in 2017?

Bill Hunter - Wilmington Design Company

Trending News

Business Community Remembers Beth Quinn, Co-founder Of She Rocks

Christina Haley O'Neal - Jan 17, 2018

Piano Bar And Lounge To Fill Aubriana's Downtown Spot

Cece Nunn - Jan 17, 2018

Made Mole Brewing Coming To Oleander Drive This Spring

Jessica Maurer - Jan 17, 2018

Six New Tenants Lease Space At Waterford Business Center

Cece Nunn - Jan 17, 2018

San Juan Cafe To Close

Jessica Maurer - Jan 17, 2018

In The Current Issue

Growth Spurt

More than 15 years ago, experts predicted that explosive growth would come sooner rather than later to Brunswick County. Although the Great...


Tourism Initiatives Continue Digital Trend

With the New Year here, many businesses are busy planning and forecasting via a fresh start. For those operating by fiscal year, however, st...


For Leland Firm, A Clear Road Ahead

If solving a client’s pain point is the key to developing sustainable business relationships, then Lucid Innovative Technologies appears to...

Book On Business

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

WilmingtonBiz Expo - Keynote Lunch with John Gizdic, CEO, New Hanover Regional Medical Center
Wilmington's Most Intriguing People of 2017
2017 Health Care Heroes