Entrepreneurship Is a Skill and a Career, Not a Talent or a One-Off Experiment
Entrepreneurs who commit themselves to the trade, attempting to build another business if their first one (or two) fail are more likely to succeed.
Entrepreneurs who commit themselves to the trade, attempting to build another business if their first one (or two) fail are more likely to succeed. In other words, entrepreneurship is more a learned skill than an innate talent, though the personality cults of Warren Buffet, Bill Gates, and Steve Jobs may lead you to believe otherwise.
The idea that starting a successful business takes practice comes most recently from research done at the Stanford Graduate School of Business. There, Professor Kathryn Shaw analyzed 2.8 million small retailers in Texas and found that business owners added longevity to their operations the more experience, i.e. "failures", they had behind them. But, argues Shaw, her data allow business owners to recast these "failures" as merely obstacles on the pathway to success.
Shaw's research demonstrates that the trend holds true for technology companies, which are difficult to measure given that venture capital is often required to start and sustain their operations. It also showed that areas with more chain stores, like Starbucks or Walmart, also support more mom-and-pop retailers.
In his Big Think Mentor interview, author John Butman gives advice about how to be an entrepreneur in the new idea economy, where ideas are the new widgets:
Read more at Quartz
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How a cataclysm worse than what killed the dinosaurs destroyed 90 percent of all life on Earth.
While the demise of the dinosaurs gets more attention as far as mass extinctions go, an even more disastrous event called "the Great Dying” or the “End-Permian Extinction” happened on Earth prior to that. Now scientists discovered how this cataclysm, which took place about 250 million years ago, managed to kill off more than 90 percent of all life on the planet.
A new study discovers the “liking gap” — the difference between how we view others we’re meeting for the first time, and the way we think they’re seeing us.
We tend to be defensive socially. When we meet new people, we’re often concerned with how we’re coming off. Our anxiety causes us to be so concerned with the impression we’re creating that we fail to notice that the same is true of the other person as well. A new study led by Erica J. Boothby, published on September 5 in Psychological Science, reveals how people tend to like us more in first encounters than we’d ever suspect.
Using advanced laser technology, scientists at NASA will track global changes in ice with greater accuracy.
Leaving from Vandenberg Air Force base in California this coming Saturday, at 8:46 a.m. ET, the Ice, Cloud, and Land Elevation Satellite-2 — or, the "ICESat-2" — is perched atop a United Launch Alliance Delta II rocket, and when it assumes its orbit, it will study ice layers at Earth's poles, using its only payload, the Advance Topographic Laser Altimeter System (ATLAS).
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