Entrepreneurs can save the world
I am not sure whether you are aware or not but last week was International Entrepreneur week (14th Nov – 20th Nov).
Rarely is entrepreneurship celebrated and encouraged, although it should be, in fact, it’s quite the opposite.
Governments and institutions alike give lip service at best to the virtues of entrepreneurship and spend the most of their time trying to derail our endeavours.
Believe me, the Entrepreneurs resolve will be sorely tested in the near future as virtually every industry and profession attempts to deal with expanding regulatory assault.
There is a conspiracy to shrink the entrepreneurs ambition, activity and wealth.
You see, my take on all of this is, that it’s entrepreneurs that save the world and I am not alone in that thinking.
However, try telling that to an employee…
Anyway, the purpose of this blog is to start a revolution… The Entrepreneurship Revolution.
Imagine the positive impact on the world’s economy if more entrepreneurs found the pathway to prosperity.
Now all this might sound a little “utopian”, however it’s based on hard-nosed mathematical calculations.
After all, if we could cut the rate of new business failure by even 5% it would quite conceivably end poverty.
Entrepreneurship is the most practical way to address the many ills that plague the world economy today.
In fact, I advocate a CAPITALIST’S EVOLUTION.
Business Owner Verses Entrepreneur
I can’t recall where I got this definition of an entrepreneur from a decade or more ago, but I suspect based on its tone, it was most probably the great Dan Kennedy or someone of his ilk, not that there are many.
Anyway, here it goes…
THE DEFINITION OF AN ENTREPRENEURIAL LIFE
If you live the life of the entrepreneur, yours will be a rich, unique, exciting, rewarding and immensely fulfilling life.
You will also unwittingly offend some people and disappoint others. You may incur the wrath of those who don’t carry the same flame within them… and the most envious may even try to bring about your demise.
Some of these people will be quite close to you, others unknown and on any given day, the cast of these characters may change.
What you must understand is that the need to be universally liked, appreciated, understood, respected and treated fairly, has the power to render you more harm than the enemy you can see! If you cling to it, it will inhabit any real success. It’s when you can cast neediness aside that anything becomes possible.
The Non-Entrepreneurial biases you will need to contend with if you choose the road less travelled of the entrepreneur…
ACCUSATION AND GREAT CONFLICT
- You are a work-a-holic
- All you care about is your work and your family comes second
- You are a wide-eyed risk taker who has lost your mind. I would argue running a business IS RISKY, but there is no need to be fool hardy
- The reality is there is no straight line to success or anything for that matter so the smart thing is to not expect there to be a straight line
- Truth be told entrepreneurs are SANER and HAPPIER than their critics who often work in a job for years if not decades, that they hate and they do it just for the money
My preference in business is to “Blur the Line” between work and play, to me, work isn’t work.
Here is a great quote from Sir Richard Branson.
“I don’t think of work as work or play as play. It’s All living” – Sir Richard Branson
THE BIG LIE
To some the price of entrepreneurial success is too higher price to pay and not everyone is cut out to be an entrepreneur but I believe everyone “pays a price” even, an employee.
The entrepreneur can’t go home on time when there is a deadline but the reality is you don’t get to choose a life without a price whether you’re an employee or a business owner.
For example, when my wife was dying of cancer I didn’t get compassionate leave, employees do/can.
That said, I could afford the enormous cost for her alternative treatment, after all, in a financial crisis no one goes to the broke relative
The entrepreneur must be thick skinned towards the criticism you are bound to get from non-entrepreneurs
So, what is your ENTREPRENURIAL RESPONSIBILITY…
It is CERTAINLY NOT job security or retirement guarantee although Bill Shorten, Theorists and Academics would DISAGREE.
It is certainly not to provide a fun, enjoyable happy place that is devoid of profit although there are a lot of Management theorists and academics who have NEVER owned a business who would DISAGREE.
Your ENTREPRENURIAL RESPONSIBILITY is to your shareholders, in your case, most often you and your family.
So, what is your “ENTREPRENEURIAL RESPONSIBILITY”:
- Provide a job in good working conditions
- Pay taxes but don’t pay any more than you should
- Only sell transformational products and services not shoddy products and services
- Play fair and improve your client’s lives
- Maximum profit and wealth to you and shareholders without lying, cheating or stealing
The ONLY REAL purpose of a business is… MAXIMUM PRODUCTIVITY AND PROFIT
There are only two reason to have an employee…
- Because it is PROFITABLE
- Pure personal CONVENIENCE
The Business Owner’s AGENDA is in CONFLICT with the Employee’s AGENDA.
And to prove it, a few years ago I asked one of my very best employees what was the most important thing to them that day…
- Will I knock off on time tonight?
- Will I have enough time to go to the gym
- What am I having for dinner
- Will my wage cover my bills?
- Do I have enough money for the weekend?
- Can I buy those shoes?
- Planning the weekend
- Grocery shopping
- Holding the relationship together
- Planning for an upcoming holiday
- Taking care of the kids
- Taking care of your partner
- Taking care of your pets
The reality is however good your relationship is with your employees, you most probably don’t rank in their top 20 considerations because there is a conflict in your agenda and their agenda.
So what kind of employee do you want in a word or two?
A PROFITABLE ONE.
Therefore, every employees primary purpose is to facilitate what you do that they can’t or won’t do hence they are either enabling or impeding therefore when an employee is impeding your entrepreneurial endeavours, someone has to go.
And last time I looked, you can’t fire you, you are stuck with you so the impeding employee must go.
My advice is to be intolerant to cancers, dead wood, emotional basket cases and other impediments to maximum profits and productivity.
Break all the rules… Don’t DO ANYTHING the masses do… Instead DEFY industry norms and be immune to criticism… because the higher up the ladder of success you climb the more your bum hangs out.
Like I said, not everyone is cut out to be an entrepreneur and that is ok, but I believe this planet we call home would benefit greatly from a “Capitalistic Entrepreneurial Revolution”.
All the Best,
Mal Emery
Committed to Elevating the Financial Wealth and Wellbeing of Society Through Entrepreneurial Excellence and Guilty of Conspiracy to Create Capitalism.
P.S. Feel free to pass the blog on to anyone who you feel might benefit from it.
I am not sure whether you are aware or not but last week was International Entrepreneur week (14th Nov – 20th Nov).
Rarely is entrepreneurship celebrated and encouraged, although it should be, in fact, it’s quite the opposite.
Governments and institutions alike give lip service at best to the virtues of entrepreneurship and spend the most of their time trying to derail our endeavours.
Believe me, the Entrepreneurs resolve will be sorely tested in the near future as virtually every industry and profession attempts to deal with expanding regulatory assault.
There is a conspiracy to shrink the entrepreneurs ambition, activity and wealth.
You see, my take on all of this is, that it’s entrepreneurs that save the world and I am not alone in that thinking.
However, try telling that to an employee…
Anyway, the purpose of this blog is to start a revolution… The Entrepreneurship Revolution.
Imagine the positive impact on the world’s economy if more entrepreneurs found the pathway to prosperity.
Now all this might sound a little “utopian”, however it’s based on hard-nosed mathematical calculations.
After all, if we could cut the rate of new business failure by even 5% it would quite conceivably end poverty.
Entrepreneurship is the most practical way to address the many ills that plague the world economy today.
In fact, I advocate a CAPITALIST’S EVOLUTION.
Read on to discover why being an entrepreneur is not for everybody but why the price an entrepreneur pays is worth it…
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