Northwood Executives and Others Discuss Changing Environment for Entrepreneurs
On April 23, 1910, at the Sorbonne in Paris, former US President Teddy Roosevelt gave an inspiring speech entitled “Citizenship in a Republic”. Part of this speech is known today as “The Man of the Arena”. “The Man in the Arena” is for those who risk their time, money, effort, reputation and often more to compete – so that they can improve their lives. And, as with any innovation, the risk of failure is often great. This risk-taking spirit is the catalyst for progress in both personal and professional life. This is, in our opinion, the entrepreneur’s credo!
Roosevelt notes in “The Man in the Arena” that “it’s not the critic that counts; not the man who shows how the strongman stumbles, or where the perpetrator could have done them better. The credit goes to the man who is actually in the arena, whose face is marked by dust, sweat and blood; who strives valiantly; who is wrong, who fails again and again, for there is no effort without error and without failure; but who really strives to do the deeds; who knows the great enthusiasms, the great devotions; who spends himself in a good cause; who at best knows in the end the triumph of high achievement, and who at worst, if he fails, at least fails by daring greatly, so that his place is never with those cold and timid souls who know neither victory nor defeat. “