In the 1967 film “The Graduate” Mrs. Robinson had carnal interests in a young college graduate, Benjamin Braddock (Dustin Hoffman), while Mr. Robinson offered the kid one word of advice for a prosperous future. He simply said, “plastics.” Today my one word of advice to present and future business owners is “infrastructure.” Ours is in such awful condition that it presents a lifelong stream of opportunities. Even before the awful tragedy of the Minneapolis bridge collapse or hurricane Katrina, the subject was often on my mind simply as a major opportunity for small businesses. Months ago here in California, Governor Terminator (Schwarzenegger) had proposed large scale bond financing for extensive infrastructure work on roads and dams, which was unusual for a sitting politician. Usually they are very busy raising money for … Read entire article »