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An idea whose time has come: Entrepreneurialism has become cool

economist.com

31–34 of 34 posts

Re: An idea whose time has come: Entrepreneurialism has become cool

#31
What a bunch of fluff. Criteria such as "ease of doing business" are so subjective they are essentially meaningless. According to the US Bureau of Labor Statistics as well as the US Small Business Administration, entrepreneurship has been trending downwards for years:

http://tinyurl.com/dyh6hs

I knew this from another article I read awhile ago, and went even further into debunking this myth, but could not find the link. But it does appear that the Economist article lacks substance.

Re: An idea whose time has come: Entrepreneurialism has become cool

#32
post #15

Earlier quoted context omitted.

That's what they mean about changing attitudes though... once upon a time, people got jobs with 'good companies' that made more than a token effort to take care of them even when things were a bit rough. There's value in that if you have a family and kids. Nowadays, though, you're right - the big companies will throw you to the wolves with no second thoughts, so what's the point? Also, big companies do have a lot of…

I'm 22 years old and you hit the nail on the head about why I want to go into business for myself eventually. When I was growing up I was constantly told that starting your own business was too risky, that a stable job with a big company is the most secure way to go. And then for the last 10 years I've seen my father move from job to job, fear for his employment constantly, and right now is batting down the hatches b…

I sort of wonder if things won't swing back towards 'stable jobs' a bit. I don't think a lot of people want to run around taking all the risk on themselves... it's pretty stressful and can be quite distracting. I could see a company doing well by really being a good place to work that takes care of its own.

Re: An idea whose time has come: Entrepreneurialism has become cool

#33
post #15

Earlier quoted context omitted.

That's what they mean about changing attitudes though... once upon a time, people got jobs with 'good companies' that made more than a token effort to take care of them even when things were a bit rough. There's value in that if you have a family and kids. Nowadays, though, you're right - the big companies will throw you to the wolves with no second thoughts, so what's the point? Also, big companies do have a lot of…

I'm 22 years old and you hit the nail on the head about why I want to go into business for myself eventually. When I was growing up I was constantly told that starting your own business was too risky, that a stable job with a big company is the most secure way to go. And then for the last 10 years I've seen my father move from job to job, fear for his employment constantly, and right now is batting down the hatches b…

given how little security there is in a job these days, is there a good reason to take one?

Yeah, you get an automatic paycheck. Entrepreneurs can go months or years without making any money at all.

Re: An idea whose time has come: Entrepreneurialism has become cool

#34
post #15

I just (voluntarily) left a comfortable job at a behemoth corporation to start my own company with a friend from college. I thought I was being brave, but apparently I'm just succumbing to a fad? I don't think it's that starting a business is "cool"; I mean, I guess it is, in some sense, although paying for your own health care isn't very cool. For me, this quote was apt: "People’s attitudes to security and risk also…

That's what they mean about changing attitudes though... once upon a time, people got jobs with 'good companies' that made more than a token effort to take care of them even when things were a bit rough. There's value in that if you have a family and kids. Nowadays, though, you're right - the big companies will throw you to the wolves with no second thoughts, so what's the point? Also, big companies do have a lot of…

Despite some cutbacks, IBM and HP still do a significant amount of basic scientific research. Look at recent patent filings and journal publications for evidence.

Large technology companies have increasingly outsourced innovative product development to small start-ups. It turns out this delivers better ROI since even though acquiring a successful start-up is expensive, there is much less risk. Cisco in particular has been consistent and open about following this strategy. They have partially funded several networking start-ups, encouraged key Cisco staff to join them, and then purchased the ones the succeeded.

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