No one ever said it was easy being an entrepreneur. Whether you're in the early stages of your statrup, just secured funding for your startup or you are ready for product launch, there will always be those three components when you ask yourself if this whole entrepreneur thing is worth it. Instead of giving up and throwing-in the proverbial white towel, this forum will help in giving you all the motivation you need to achieve your result.
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Entrepreneurs: The Sportsmen and Women of the 21st Century.
For much of the 20th century, athletes were pop culture icons. Athletics helped to bring people together from different ethnicities, classes or backgrounds. Everyone could cheer for a Jackie Robinson home run or acknowledge the brilliance of a Sandy Koufax pitch or a Pele roundhouse kick. But, has something happened to the myth and legend of the traditional athlete or did something else take its place instead?
According to a survey of 172 high school students by Millennial Branding and Internships.com, when asked what they wanted to be when they grew up, an astounding 72 percent of respondents said entrepreneurs! Yes, "entrepreneur" has become the profession and passion for the world's global youth and the hope for the future of many burgeoning market-based economies around the world. Names like Ma, Benioff, Bezos, Page, Brin, Buffett, Bogle, Musser, Jobs, Schwab, Johnson, Ellison, Gupta, Lauder, Blakely, Franklin, Ford, Winfrey and Branson are as diverse as they are brilliant and helped create markets when others couldn't see them and while inspiring millions.
Entrepreneurship may become the greatest export America has ever helped popularize outside of a constitutional democracy. It knows no boundaries. No creed. No race. It's as free as an idea someone can dream up that will help solve a problem better, faster, or more cheaply or elegantly than anyone else. It is freedom really at the individual level through an idea and in the form of a corporate structure.
Entrepreneurship means a disciplined commitment to one's craft, an utter belief in self and the team, and an unfettering resilience to seeing the end-state. The mission of winning the championship for an entrepreneur may mean anything from releasing a new product that the world or your target market loves, achieving profitability and self-sufficiency, or exiting the business at a high multiple which rewards all stakeholders.
In his 2012 commencement speech at Georgetown University, Bono commented that America was maybe the single greatest idea that the world had ever come up with. Ideas are the basis of entrepreneurship and entrepreneurship may very well be the basis and hope for individual freedom in the future. Freedom will not be based solely upon nation-states but based upon entrepreneurial business structures that enable individuals to achieve their dreams and aspirations. Mark Benioff recently claimedthat the business may be the most significant force for good the world has ever known. Entrepreneurship is the basis for this.
There are fewer than 5,000 publicly traded businesses but nearly 30.2 million private businesses in the United States that are all based on ideas of a committed entrepreneur and brilliant teams. What could be more fulfilling than to help foster total belief in yourself, your team and your idea to help impact change? While I will always love to watch my beloved Philadelphia sports teams, the world needs more Carson Wentzes in their communities that don't just play on Sundays but play every day in fields everyone can participate in with one idea.
One can easily imagine a day when entrepreneurs are measured by many scores and stats akin to athletes. An entrepreneur's slugging percentage may even be measured one day by enterprise value created for all stakeholders including internal rate of return (IRR). Shares in particular entrepreneurs (not just their ventures) may even be traded on exchanges in the future and become investable instruments.
When you think of the sports ecosystem of the 20th century that emerged with leagues by sport, players unions for athletes, dedicated marketing agencies, endorsement deals and fantasy betting clubs, one can imagine a parallel network may emerge by the end of the 21st century for entrepreneurs.
Entrepreneurs, I believe, are the athletes of the 21st century and will create powerful ecosystems of opportunities for all stakeholders who support and help create them in their communities or markets.
Twenty percent of small businesses fail within their first year. Entrepreneurship is no walk in the park. In fact, the amount of new businesses that fail exceed the number that succeed. That’s why it’s more important than ever to create a unique product or service that helps you stand out from the rest.
However, don’t be discouraged. If you believe in your business, passion will prevail. On average, 75 percent of small-business owners are confident in their company. And why shouldn’t they be? They’ve turned their passion into profit. Yet, keep in mind it’s important not to be overly confident. Instead, take things one step at a time. Typically, 20 percent of small businesses fail in their first year, 50 percent in their fifth year and 70 percent after a decade of being in business.
A number of factors play into a business’s closing, such as location, the current market, cash flow and more. The number of reason most small businesses fail is due to cash flow, and California cities such …
Mark Elliot Zuckerberg is an American computer
programmer and Internet entrepreneur. He is a co-founder of Facebook, and is currently its chairman and chief
executive officer. Zuckerberg
launched Facebook from his Harvard
University dormitory room on February 4, 2004 with college
roommates and fellow Harvard students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The group then introduced Facebook to other college
campuses. Facebook expanded rapidly, reaching one billion users by 2012. During
this time, Zuckerberg became involved in various legal disputes brought by his
friends and cofounders, who claimed they were due a share of the company based
upon their involvement during its development phase. Early
Life Mark Elliot Zuckerberg was born on May 14, 1984, and
grew up in the suburbs of New York, Dobbs Ferry. He was the second of four
children and the only son in the educated family. Mark’s father, Edward
Zuckerberg, is a dentist and mother, Karen Zuckerberg, is …
Étienne Arnault was born on the 5th of March 1949. He is a
French business magnate, an investor, and an art collector. Arnault is
the chairman and Chief Executive Officer (CEO) of LVMH, the world's largest
luxury-goods company. He is the richest person in France and the fourth richest
person in the world according to Forbes magazine,
with a net worth of $75.5 billion, as of March 2018. EARLY LIFE After graduation, Arnault joined his father's company,
in 1971. In 1976, he convinced his father to liquidate the construction
division of the company for 40 million French francs and to change the focus of the company to real estate.
Using the name Férinel, the new company developed a specialty in holiday
accommodation. Named the Director of Company Development in 1974, he
became the CEO in 1977. In 1979, he succeeded his father as president of the
company. CAREER In 1984, with the help of Antoine Bernheim, a senior
partner of Lazard Frères, Arnault acquired the Financière A…
Gates is an American business magnate, who co-founded Microsoft, the world’s
largest personal computer software company. He consistently rank in the top
list of the world wealthiest people, he is one of the world best known
entrepreneur of the personal computer revolution. He is also the world most
generous philanthropist, who has donated over $28 billion to charity. Here are
his top 10 rules for success. 1.Have
you are going to start a company you need so much energy that you use to
overcome your feeling of risk. At the beginning it’s going to look so scary
especially given that you don’t have any experience as in the case for most
startups, you are going to make a lot of mistakes but if you have so much
energy rushing through you, you will be able to overcome your mistakes and that
of your team, you will also be able to guide your team into achieving the
desired result because energy is contagious. 2. Have
a Bad Experience: Bill
Gates is a college dropout who d…
We were just about to start our meeting on what next to post when one of our colleague came in with Forefront magazine and showed us this very inspiring story about overcoming problems in life. Here is the content of the story.
As hard as it may be, more problems might actually mean a
closer window of opportunity. There is a saying that every single thing happens
for a reason and whatever does not kill us makes us stronger. A story by Alijo Sylvester.
The story goes like this: A young woman went to meet her mom to tell her about her life
and how things are so hard for her. She was about giving up and had no idea how
she was going to make it. She was fed up of fighting and struggling. She complained
of how after a problem, straight comes another one. Her mom called her to the kitchen. She filled three pots with
water and put them on fire. The first pot, she placed carrot, the second she
placed egg and the third she placed ground coffee bean. She let them boil without saying a word. In abou…