Happy Entrepreneurs Day!

In fact, on this Labor Day weekend, I say it is time to start thinking seriously about changing the name of one of the other federal holidays (how about Columbus Day?) to this:

Thank My Boss For Giving Me a Job Day.

After all, there would be no jobs to be had if there were no investors, entrepreneurs and executives to start companies in the first place.

I think businesspeople deserve some sort of commendation or medal from Congress each time they borrow money against their house, max out their credit cards, worry about making payroll and paying taxes, taxes and more taxes to start a new business.  Business executives, both large and small, take all the risks at the beginning and hope it works out in the end.

And though four out of five new small businesses fail in the first three years of operations, nobody reaches out to comfort the people who lost money investing in them. That’s just the American Way!

Businesses do not exist for the sole, or even primary, purpose of providing jobs for people. Or to provide benefits to workers such as health care, pensions or 401k plans.

Jobs are a positive by-product of one simple driving force in nature: the desire to make a profit by making and selling something that other people will buy.

We honor all the workers of America out there on this Labor Day.

But we should also offer a salute to all the brave entrepreneurs who have a bright idea and then fight through thick and thin to create companies that reward their shareholders and provide jobs and incomes to all of their employees.

You can’t have one without the other.

Frank Hill has served as chief of staff to former Congressman Alex McMillan (R-N.C.), House Budget Committee staff, Commission on Entitlement and Tax Reform staff, and as chief of staff to former Sen. Elizabeth Dole (R-N.C.).