Imagine it is your first day at a massive pre-established firm, you squeeze your way into a white, 6x6 cubical, to the left of you slumps an older man. His age and stress shows on his face and it becomes apparent that this is your future. Why would anyone put their blood, sweat, and tears into a company without it being their own. As an entrepreneur, I can develop, grow, and manage my own company to create an impact in society. To begin, as an entrepreneur, I will start with an idea, for this essay lets say I have an idea for a software company that offers a revolutionary way of advertising a product. The very first question I would ask myself is, “does this idea have a social impact that will improve the greater good of man”.
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After I have found the niche and what it will take to make my idea a reality, I will persistently validate my concept through a Failsafe Validation. As an entrepreneur, I have to be willing to fail; the Failsafe Validation concept allows me to fail quickly and cheap. If you have ever gotten that feeling in your stomach, the warm fuzzy feeling, such as when you purchase a new car, that is the feeling that I receive when the Failsafe Concept shows that my idea will be obtainable. From this point, I will compare my advertising company to other relevant …show more content…
As an advertising company on the forefront of the technology boom, my idea would eventually have to create a new concept once other firms incorporate my company’s technology. Once a new product is released, I will be able to influence the growth of the new product and promote members of my original team to be leaders of these new company ventures. The success of the company would be directly related to the work I put into it and this is quantifiable, not just a, “good job”, given by a middle level manager. With entrepreneurship, I will generate a Non-profit sector of the company that positively influences the community and comforts the people the non-profit is directed at. As the company grows to a point above my ability, I will gradually step down as the CEO and delegate a leader that promotes the morals of the corporation and ensures further development. The beauty of being an entrepreneur is that I am not stuck in the same company my whole career, when I am ready to restart, I just create a new
After I have found the niche and what it will take to make my idea a reality, I will persistently validate my concept through a Failsafe Validation. As an entrepreneur, I have to be willing to fail; the Failsafe Validation concept allows me to fail quickly and cheap. If you have ever gotten that feeling in your stomach, the warm fuzzy feeling, such as when you purchase a new car, that is the feeling that I receive when the Failsafe Concept shows that my idea will be obtainable. From this point, I will compare my advertising company to other relevant …show more content…
As an advertising company on the forefront of the technology boom, my idea would eventually have to create a new concept once other firms incorporate my company’s technology. Once a new product is released, I will be able to influence the growth of the new product and promote members of my original team to be leaders of these new company ventures. The success of the company would be directly related to the work I put into it and this is quantifiable, not just a, “good job”, given by a middle level manager. With entrepreneurship, I will generate a Non-profit sector of the company that positively influences the community and comforts the people the non-profit is directed at. As the company grows to a point above my ability, I will gradually step down as the CEO and delegate a leader that promotes the morals of the corporation and ensures further development. The beauty of being an entrepreneur is that I am not stuck in the same company my whole career, when I am ready to restart, I just create a new