Topic for Discussion: What are the three legs?

Answer: The rule of law, the private ownership of property and the moral habits of people.

Topic for Discussion: Why is the balancing act so daily? Why does everyone have to work so hard to keep our system in tack so we continue paving the path from poverty to prosperity for every American?

Answer: Ignorance is our biggest enemy. For example, if you don't obey the laws as a business owner, you could lose your business and the employees you have will be out of work. You can't pretend you don't know the rules. If you open your doors for business, it is your duty to educate yourself.

We did an entire episode on Employee Stock Ownership. This is a excellent financial tool that will allow you to share ownership in your company with key employees or with all employees. Most people can't start and operate a business because they don't have the drive to do it. However, every person can own a piece of a business just as every American can and should own their own home.

We've already said it here and not just in this episode: Success in business depends upon honesty. Every generation has to be taught this because our human nature causes us to try to do the easy and expeditious when prosperity depends upon us all doing the right thing, which is often the hardest thing.

In the words of one of our favorite small business owners, Albert Black, we must, "teach, preach, coach and counsel" to preserve and improve our conditions. We can't rest. We can't expect other to do it. We are the sovereigns.

You think about it: When Novak says as an owner of property or of a business, you are a sovereign, how does that make you feel? Does it make you want to stand up taller and work harder? It should.