Over the weekend Jon Bischke made the interesting comparison of a start-up company to city government in A City Is A Startup: The Rise Of The Mayor-Entrepreneur. Bischke notes that the factors that go into a successful entrepreneurial effort are similar to the ones that make for a successful city:
- Build stuff people want, offer products and services people want to buy
- Attract and retain quality talent
- Raise capital to get fledgling ideas to the point of sustainability, create a density of "investors"
- Create a world class culture that encourages people to stick around even when times get tough
These may not be comprehensive factors, but they could be useful metrics to view your city with.
If I had to rate my own city of Richmond, Indiana, I'd say we have plenty of room to grow in each area: