How many times have you heard that one or similar stories to it? Such and such a rock star, movie actress or mega-mind was born here, they attended university or did their internship here. As if to say being from here had a role in that success. The real truth is every community across our fair planet has their share of rock stars. What all these individuals have in common is not so much that they’re from here but that they looked outside of here to realize their dreams and goals.
Most home-town business people and other talents and skill sets for that matter build their futures close to where they were born. Local stars and celebrities. And there’s nothing wrong with this. Nothing at all, but what is worth noting is those “star” individuals that dream beyond their noses. They are the ones with global aspirations. The local tool shop with global locations to supply a world market, local fitness clubs that franchise and branch out across the country and consultants who market globally to share their expertise. These are the people who recognize opportunities in risk by looking to unfamiliar territories and seeking to engage and profit from them.
Municipal brands (I think) are missing out on a great opportunity, one that is right under their collective noses. Most of them (that I watch) spend a great deal of resources and energy drawing the brilliant minds inward rather than retaining what they already have here. There is very little effort and resources encouraging home grown businesses to stay put and headquarter their resources at home. Our towns and cities try very hard to lure business and industry to them. They use corporate welfare to entice them, while putting the burden back on what businesses choose to stay at home. The sad fact is most “stars” recognize early on that their best opportunity lies away. In many cases taking valuable jobs with them.
Distant opportunities slowly suck the life out of many business communities who fail to witness the growing talents at home and do nothing to encourage their success until it’s too late. These true entrepreneurs are our youngest and brightest minds. As they leave the void is filled with businesses who are afraid to look globally, They prefer to follow rather than lead. They do not look to distant horizons but prefer to be big fish in small ponds.
The best this scenario can produce is events that bring these stars in life back to do a keynote and have all the local leaders anguish over what could have been. It’s time they stopped gushing, and started to adopting long-term strategies that not only encourage outside investment but inside as well.