The Dark Side Of Entrepreneurship, How To Avoid Losing Money As An Entrepreneur When Growing Brands, And How To Alleviate Depression As An Entrepreneur

The Dark Side Of Entrepreneurship, How To Avoid Losing Money As An Entrepreneur When Growing Brands, And How To Alleviate Depression As An Entrepreneur
Author: Dr Harrison Sachs
Publisher:
Total Pages: 52
Release: 2020-03-11
Genre:
ISBN:

This essay sheds light on the dark side of entrepreneurship and elucidates how to avoid loosing money as an entrepreneur when growing brands. Moreover, how to alleviate depression as an entrepreneur is delineated in this essay. The dark side of entrepreneurship is often an overlooked topic since it is out-shined by rare entrepreneurial success stories that grossly embellish the life of an entrepreneur. In spite of its merits, entrepreneurial endeavors have a proclivity to go awry and culminate in egregious failures for prospective entrepreneurs. At least 70% of business fail within the company's initial ten year period and cannot stay afloat in the long haul in spite of all the goodwill, brand equity, brand loyalty, and brand recognition they accrued over the years. The crux of the issue lies in prospective entrepreneurs not having the business acumen to be able to consistently grow nor efficaciously run a successful business in the long haul. They simply do not understand that a successful business is all about unalloyed innovation, shrewd marketing, and robust communication with customers. Building a brand as an entrepreneur is an eminently challenging endeavor with no paved road to guaranteed success and does not always culminate in a successful outcome in spite of the entrepreneurs best strategic efforts. Establishing a profitable brand may require tens of thousands of hours of strategically and incessantly working hard seven days a week for decades as you attempt to deliver unprecedented value to the marketplace. Since the job prospects as a future employee are so grim and bleak for college graduates, it seems as though the only viable career prospect in a hyper competitive marketplace is being a full-time entrepreneur. Allocating thousands of hours applying for low paying jobs is an unwarranted, loss of time investment. This is because, the search for a job simply bears an enormous opportunity cost. The precious time squandered on completing meaningless job applications can be otherwise earmarked towards fostering a potentially profitable brand with no earnings cap. Attention is undoubtedly the new currency of the digital era. Millennials emphatically understand the importance of entrepreneurship and brand building to attain wealth from selling product placements, earning royalties, and generating advisement revenue. Moreover, millennial content creators also understand the importance of brand build so that they eventually receive subscription revenue, generate sponsorship revenue, and reap monthly Patreon donations from patrons. In spite of its merits, entrepreneurship is not without its plethora of dire issues. The dark side of entrepreneurship can be multifaceted and usher in a host of issues into the entrepreneur's life. First, entrepreneurship typically involves years of agonizing struggles as you undergo the toils and travails of building a brand from the ground up. Amid this brand growing time period, it is unlikely you will generate any profits. Furthermore, you will essentially be working unpaid which can culminate in you depleting your savings and liquidating any asset you might have just to sustain yourself and keep your brand afloat. Entrepreneurs must be willing to work unpaid to grow their brands and may even go years without receiving a single penny from their brands. Second, your personal life will be comprised and adversely suffer as you consistently pursue your entrepreneurial endeavour. In other words, as you devote the majority of your finite time into growing your brand and a building a prospectively profitable business, you will not only work long hours each day, but will also struggle to maintain relationships. This is because, your life will be dedicated to turning your business profitable as the never ending bills further pile up. This new focus on cultivating a profitable business will overshadow the need to prioritize your relationships with others.

Chasing the Bright Side

Chasing the Bright Side
Author: Jess Ekstrom
Publisher: Thomas Nelson
Total Pages: 224
Release: 2019-11-05
Genre: Self-Help
ISBN: 0785229310

One flicker of hope. That’s all it takes to catapult yourself into the life you’ve always imagined. Success is not born out of skill, school, where we’re from, who we know, or what we scored on the SAT. None of us were born ready. None of us started life knowing how to fly a plane or launch a company or knit a sweater for our dog. But we are born with something more important than skills. We’re born with optimism—the initial seed for success. Optimism fuels the belief that you can be the one to create the good the world needs. But you’ve got to hone it. And practice it. And determine to live from it. In Chasing the Bright Side, Jess Ekstrom shares her own inspirational story of how optimism helped her overcome multiple challenges, and the dynamic ways her mind-set propelled her as a young entrepreneur, international speaker, and philanthropist. Do you have dreams for yourself and the world that are tucked away in your box of somedays? What would happen if today was the day you opened the box? And what if that box was the key to a better tomorrow? Jess’s journey will inspire you embrace the power of optimism in your own life, and help you reimagine your purpose so you create good in the world while fulfilling your own dreams—right where you are.

The Wiley Handbook of Entrepreneurship

The Wiley Handbook of Entrepreneurship
Author: Gorkan Ahmetoglu
Publisher: John Wiley & Sons
Total Pages: 609
Release: 2017-07-13
Genre: Psychology
ISBN: 1118970721

Written by leading scholars, The Wiley Handbook of Entrepreneurship provides a distinctive overview of methodological, theoretical and paradigm changes in the area of entrepreneurship research. It is divided into four parts covering history and theory, individual differences and creativity, organizational aspects of innovation including intrapreneurship, and macroeconomic aspects such as social entrepreneurship and entrepreneurship in developing countries. The result is a must-have resource for seasoned researchers and newcomers alike, as well as practitioners and advanced students of business, entrepreneurship, and social and organizational psychology.

Fraud

Fraud
Author: W. Steve Albrecht
Publisher: Irwin Professional Publishing
Total Pages: 322
Release: 1995
Genre: Business & Economics
ISBN:

Embezzlement, tax evasion, deception, and other forms of "white collar crime" are putting the assets and integrity of many of America's top companies at risk--and fraud prevention is fast-becoming one of the foremost concerns in today's corporate world. The authors show how employees and managers can help keep the company safe from fraud, by learning the most important steps in prevention, detection, and investigation.

Inside the Mind of the Entrepreneur

Inside the Mind of the Entrepreneur
Author: Ana Tur Porcar
Publisher: Springer
Total Pages: 230
Release: 2017-09-15
Genre: Business & Economics
ISBN: 3319624555

This book connects entrepreneurship and psychology research by focusing on the personality dimensions of entrepreneurs, entrepreneurial cognition, entrepreneurial leadership, and gender behavior. It features state of the art interdisciplinary research offering a unified perspective on entrepreneurial psychology. Individual chapters address advances related to entrepreneurial intentions, complexity management, personality psychology, intrapreneurial behavior, entrepreneurial communities and demographic changes, among others. Laboratory experiments that study entrepreneurial behavior round out the coverage.

The Dark Side 3

The Dark Side 3
Author: Fernanda Sauerbronn
Publisher: Routledge
Total Pages: 180
Release: 2017-07-28
Genre: Business & Economics
ISBN: 135126902X

This third collection of outstanding contributions from the Critical Management Studies (CMS) Division of the Academy of Management (AOM) continues to challenge business practice in ways not tackled by other more typical business case studies. There is a critical need for business educators to expose students and managers to the multifaceted phenomena of doing business in the twenty-first century; to support critical, reflective moral development; and to reflect and understand the complexities of organizational life. Is the system broken? Is there need for more systemic change? The cases explore a number of critical issues at some of the largest industries and companies in the world, including wealth creation and human rights in mining, the CSR approaches at Coca-Cola, the palm oil industry, and the supply chain at Apple Inc. Online Teaching Notes to accompany each chapter are available on request with the purchase of the book.

The Bright Side and the Dark Side of Patient Empowerment

The Bright Side and the Dark Side of Patient Empowerment
Author: Rocco Palumbo
Publisher: Springer
Total Pages: 98
Release: 2017-05-31
Genre: Medical
ISBN: 3319583441

Patient empowerment as a key component in the future of healthcare systems is the focus of this concise in-depth analysis. It begins by defining patient empowerment as a collaborative partnership linking patients, providers, and systems, and examines the roles of health literacy, provider-patient and system-patient communication, and patient-centered care in the empowerment process. Models of positive and negative empowerment identify optimum conditions when patient and provider participate in service design and delivery as well as pitfalls and risks to patient and system when goals and input are mismatched. The book also translates concepts into practice with guidelines for empowerment strategies at the provider and organization levels to improve patient outcomes and system sustainability. Included in the coverage: · Empowering healthcare organizations to empower patients · A re-design of the patient-provider partnership · Patient empowerment: a requisite for sustainability · The risks of value co-destruction in service systems · The need for enlightening and managing the dark side of patient empowerment · Disentangling the relationship between individual health literacy and patient empowerment Straightforwardly written as a call for proactive change, The Bright Side and the Dark Side of Patient Empowerment is an illuminating text for scholars interested in patient empowerment and patient engagement, policymakers and managers operating in the healthcare field, and healthcare and social care providers.