What Does It Take To Be an Entrepreneur? | Paul Mullen & Sue Malone
Heritage Explains
Heritage Podcast Network
4.7 • 847 Ratings
🗓️ 7 May 2025
⏱️ 31 minutes
🧾️ Download transcript
Summary
In honor of Small Business Week, we are pleased to bring you a conversation with Sue Malone a true titan in the world of small business. As the founder of Strategies for Small Business, Sue has been instrumental in helping over 30,000 entrepreneurs secure capital to start or expand their businesses.
Paul Mullen guest hosts Heritage Explains this week in this conversation on entrepreneurship, what it means, and why it matters, as well as Sue’s advice for aspiring entrepreneurs.
Get in touch with Sue:
sue.operationnextstep@gmail.com
925-381-8409
Heritage's Wealth and Innnovation Project: https://www.heritage.org/wealth-and-innovation
Have thoughts? Let us know at heritageexplains@heritage.org
Transcript
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| 0:00.0 | Three, two, one, zero, all engine run. |
| 0:06.6 | There is no other institution that has the ability uniquely. |
| 0:11.3 | Without a heritage, every generation starts over. |
| 0:14.4 | Ask not. |
| 0:15.3 | To remind the current regime. |
| 0:18.6 | We the people tell the governor what it is allowed to do. |
| 0:21.9 | All the action to get back in their box and stay there. Let's die. We have a left. |
| 0:29.6 | From the Heritage Foundation, this is Heritage Explains. |
| 0:43.5 | This week marks National Small Business Week. |
| 0:50.5 | Organized annually by the Small Business Administration, or SBA, it's an opportunity to highlight and recognize the contributions of American entrepreneurs and small business owners. |
| 0:56.2 | The first Small Business Week dates back to 1963, when President John F. Kennedy issued |
| 1:02.1 | a presidential proclamation to honor the country's top small business owners. |
| 1:07.7 | On Monday, President Trump issued his own proclamation, calling on all Americans to recognize the |
| 1:14.1 | critical contributions of American entrepreneurs and the small business owners as they grow our |
| 1:20.1 | nation's economy. Today, there are over 33 million small businesses in the United States |
| 1:26.3 | that employ over 61 million Americans, |
| 1:29.9 | almost half of America's private sector workforce. |
| 1:33.8 | These businesses also represent 43.5% of gross domestic product. |
| 1:39.9 | So what exactly qualifies as a small business? |
| 1:43.5 | Generally, small businesses are identified as independent firms having fewer than 500 employees. |
| 1:50.0 | Yet, beyond the numbers are real people navigating risk and bringing ideas to life. |
| 1:58.0 | It is often said that small business is the backbone of the economy, but really it's |
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