Jeff  Carter

If you want to save the world, support entrepreneurs. They will figure things out. In April 2007, a group of people started Hyde Park Angels. Groups like this have become de rigeur all across the US. They started in Silicon Valley. Two of the most successful angel groups of all time are Band of Angels and Boston’s Common Angels. There are plenty of angel groups throughout the United States, and I don’t mean to slight anyone. They all have roughly the same goal, make very risky seed stage investments, support the companies they invest in, and hope they get a nice return on that investment.

Over the years, some entrepreneurs have skipped joining angel groups and become super angels. Brad Feld, Ron Conway and others are guys that take a shot with their own money outside of angel groups. Sometimes they also run a fund, and sometimes they don’t. There are no rules.

Many Americans are extremely worried about the future of America, American jobs, American education, and American society in general. I think that is one of the reasons for the very high disapproval ratings for Congress, and the President.

While there really aren’t any hard and fast rules for entrepreneurs, there are some best practices. There also is one cardinal rule when running a company. Stay out of crushing debt. Don’t take on more debt than you can afford. If possible, don’t take on debt at all. Huge amounts of debt become a daily expense that smother the hopes and dreams of the company. Unmanageable debt loads cause the executives to make emotional, rash decisions that cause the company irreparable harm. So, cardinal rule number one is don’t take on too much debt.

Running a country isn’t that much different.

Jeff Carter

Jeffrey Carter is an independent speculator. He has been trading since 1988. His blog site, Points and Figures was named by Minyanville as one of The 20 Most Influential Blogs in Financial Media.