Knowledge at Wharton writes:
According to Sam Hamadeh, founder and chief executive of Vault.com, a New York publisher of job information, being an outsider increases the likelihood that someone will want to start his own venture. "The more you are part of the establishment, the more you are giving up to start a business," he said. "Minorities, immigrants, gays and lesbians are all more likely to start businesses than other people."........
Tell me about it. In many cases outsiders are left with no choice!
It's definitely exciting starting a business. Some will say its in the blood. I think everyone has a yearning for a life of entrepreneurship. Some just want it more. What keeps us all from going around starting businesses will nilly are all those golden handcuffs. In some places like Europe its actually society that discourages entrepreneurship. You'd better succeed first time around.
The funny thing is that insiders with the most to lose probably have the best chance at success. They have the money, the connections, and the credibility. Equally important they can always get a job. The reality however is that this group has more trepidation about starting a business. The fear of failure is so great. In many cases for outsiders who have embarked on this entrepreneurial journey there is no going back.
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2 comments:
I have just started a business for executive recruiting. You are right about being an outsider, as a black american, my options for employement are sound but being able to fit in and be respected are challenging. Stop by my blog
Good luck with the business. Thanks for the comment.
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