Inspired by the inauguration, in this week's Business Advisor Hot Seat podcast George shares his passion for capitalism, private business, and their role in democratizing wealth: private business as the engine for the pursuit of happiness. As a self-proclaimed capitalist, Sandmann believes that while capitalism isn't perfect, it recognizes human motivations and outperforms all other economic systems.
Inaugurations are a grand moment for our Republic. This has caused George to reflect on the role private enterprise plays in our democracy - and in vibrant democracies everywhere. Our right to "the pursuit of happiness" is specifically listed in our Declaration of Independence, and interpreted by the Supreme Court as fundamental to Liberty. We pursue happiness in many ways, and George argues that happiness includes economic comfort. Private businesses are the true engines of job creation and the democratization of wealth. Just look at median personal wealth in today's democracies, compared to that experienced under tyranny.
George's personal vision is to end poverty at micro and macro levels - for individuals and for communities. Drawing inspiration from Victor Davis Hansen's book "The Soul of Battle," George highlights an interesting observation: wealthy democracies do not go to war with each other. In fact, never in the history of humankind has tyranny ever vanquished liberty. Moreover, vibrant democracies tend to have the highest per-capita GDPs precisely because the embrace private industry as their economic foundation. The inescapable conclusion is that expanding private business can expand the prevalence of vibrant, stable democracies - expand liberty - allowing the entire human race to pursue happiness.
Sandmann introduces Growth-Drive's methodology, the Three Dimensions of Business Growth™, which aims to increase the Strategic Capacity™ of businesses. The goal is to help businesses grow, thrive, and become "immortal", supporting wealthy communities as no other mechanism can.
Growth-Drive's corporate vision is aligned with George's personal vision. Growth-Drive's vision is to help $1 Trillion of private businesses increase their Strategic Capacity™ in the 3 Dimensions of Business Growth™, delivering:
Best-in-class businesses generate predictably and sustainably growing free cash flow.
Sandmann concludes by discussing the importance of transparency in business. He argues that transparency, particularly in vision and mission, can be a secret weapon for private businesses, contributing to growing profits and value.
In essence, Sandman's podcast underscores the critical role of private business in pursuing happiness, creating and democratizing wealth as a hallmark of stable democracies. He positions business advisors as key players in this process, helping to build stronger, more sustainable businesses that can contribute to economic growth and national well-being.
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