I attended another seminar with Michael Gerber, author of the e-Myth, earlier this week and he discussed the old and new age entrepreneur. Ray Kroc is an example of an old age entrepreneur who created the most successful small business in the world. However, has McDonald’s directly improved the lives of its customers? True it has employed millions of people all over the world and has changed the lives of many of its employees, suppliers, and investors, but it has not improved the lives of its customers and has had an ill effect on many of its customer’s health.

Muhammad Yunus is an example of a new age entrepreneur who is trying to eradicate poverty by providing small loans to women who can then use those loans to start their own businesses. Grameen Bank, the organization that Yunus created that provides these loans, has transformed the lives of its customers, employees, suppliers, and investors. Since its founding, the bank now has 2,422 branches, employs more than 20,000 people, and has loaned more than $6 billion. Pretty amazing!

Michael Gerber challenged everyone at the seminar to become a new age entrepreneur and begin to think and develop companies that will transcend the world and transform the lives of its customers, employees, suppliers, and investors.

I think this is a great challenge and one that I intend to embark on today. What company can I create that will make the world a better place and transform the lives of everyone that comes into contact with it…