By Mitt Romney
The back-to-school season is here, and as parents
take their children to shop for school supplies, I suspect that many of
them will be visiting a Staples store. I'm very familiar with those
stores because Staples is one of many businesses we helped create and
expand at Bain Capital, a firm that my colleagues and I built. The firm
succeeded by growing and fixing companies.
The lessons I learned over my 15 years at Bain Capital were valuable
in helping me turn around the 2002 Winter Olympics in Salt Lake City.
They also helped me as governor of Massachusetts to turn a budget
deficit into a surplus and reduce our unemployment rate to 4.7%. The
lessons from that time would help me as president to fix our economy,
create jobs and get things done in Washington.
A broad message emerges from my Bain Capital days: A good idea is not
enough for a business to succeed. It requires a talented team, a good
business plan and capital to execute it. That was true of companies we
helped start, like Staples and the Bright Horizons child-care provider,
and several of the struggling companies we helped turn around, like the
Brookstone retailer and the contact-lens maker Wesley Jessen.
My presidency would make it easier for entrepreneurs and small
businesses to get the investment dollars they need to grow, by reducing
and simplifying taxes; replacing Obamacare with real health-care reform
that contains costs and improves care; and by stemming the flood of new
regulations that are tying small businesses in knots. (Continues)