The document discusses the characteristics of entrepreneurs versus inventors. It notes that inventors develop new products or services but may not bring them to market, while entrepreneurs take the risk of commercializing inventions by bringing together resources to sell the product or service. Entrepreneurs are focused on defining markets, sales, production, hiring, managing staff, and scaling the business. In contrast, inventors enjoy the inventing process but are often not interested in or skilled at building a business. The document provides examples of inventors who created new technologies but were not the ones to start companies bringing them to consumers.
In days gone by, people were happy to stick to an organization for a decade or more, often starting and ending their careers with a single company. That concept of permanency does not exist anymore. Job hopping is on the rise and becoming extremely common. A survey by staffing firm Robert Half found that 64% of workers favour job-hopping, a 22% increase from just four years ago.
This document provides information about an entrepreneurship course, including its objectives, course assignments, project evaluation criteria, and sessions. The course aims to develop an understanding of entrepreneurship through examples and a project. Students will be divided into groups to develop and pitch a value-creating idea. The pitch should not exceed 10 slides and address the idea, problem/need addressed, implementation plan, competition, and financials. Students' work will be evaluated based on participation, attendance, presentation of slides, content, and the final presentation. Sessions will include videos and discussions on the concept of entrepreneurship and the entrepreneurial cycle and support system.
The document discusses key aspects of entrepreneurship including definitions, characteristics, benefits and drawbacks. Some key points include:
- An entrepreneur is defined as someone who creates a new business while facing risk and uncertainty in order to achieve profit and growth.
- Entrepreneurs have characteristics like a desire for responsibility, moderate risk-taking, and confidence in their ability to succeed.
- Benefits of entrepreneurship include creating your own destiny and reaching your full potential, while drawbacks include uncertainty of income and risk of losing investment.
- Small businesses are a major part of the US economy, employing over half the private workforce and producing around half of private GDP. However, many small businesses also fail within the first few
5 Biggest Business Challenges Entrepreneurs Faceerickjones014
Have you ever wondered, “Why do so many entrepreneurs work so hard and are usually stressed?” Maybe you’re experiencing some of this yourself? Do you ever ask yourself, “Why is it so hard to run a business?” No success story seems to have come easy. In fact, for many entrepreneurs, life can be so challenging, sometimes it’s tempting to just get a job! Why is that the case?
The document discusses the importance of creating great workplaces where employees feel engaged. It notes that most organizations are not truly great places to work, with high percentages of disengaged or stressed employees in many countries. The missing link is often the line manager and how they interact with and develop their employees on a daily basis. Practicing "Giftwork" through generous, unique, individualized, fitting interactions can help build the trust that is key to employee engagement. Doing small caring acts each day, even when busy, can make a difference in the workplace culture and employees' perception of their managers.
2015 09 EFAdvisor Article - How to Reinvent Your Mature Business With Young (...William (Bill) Verhelle
Bill Verhelle offers eight suggestions for hiring and retaining young tech-savvy workers in mature businesses: 1) Interview differently to assess attitude and interests rather than past accomplishments; 2) Communicate transformative goals to motivate staff; 3) Isolate new hires in cross-functional teams to test new ideas without approval from existing managers; 4) Assign inspired young managers committed to staff development to lead the new teams.
The document outlines several drawbacks and problems of entrepreneurship:
1) Starting a business involves significant financial risk, as the small business failure rate within two years is 35% and within six years is 64%, which can be devastating if the business fails.
2) Entrepreneurs often work long hours, averaging 52 hours per week, and some start-ups require 10-12 hour days 6-7 days a week with no vacations, draining the quality of life.
3) The intense workload can negatively impact personal relationships and family life, especially as many founders start businesses during their family-forming years from 25-34.
The document discusses the characteristics of entrepreneurs versus inventors. It notes that inventors develop new products or services but may not bring them to market, while entrepreneurs take the risk of commercializing inventions by bringing together resources to sell the product or service. Entrepreneurs are focused on defining markets, sales, production, hiring, managing staff, and scaling the business. In contrast, inventors enjoy the inventing process but are often not interested in or skilled at building a business. The document provides examples of inventors who created new technologies but were not the ones to start companies bringing them to consumers.
In days gone by, people were happy to stick to an organization for a decade or more, often starting and ending their careers with a single company. That concept of permanency does not exist anymore. Job hopping is on the rise and becoming extremely common. A survey by staffing firm Robert Half found that 64% of workers favour job-hopping, a 22% increase from just four years ago.
This document provides information about an entrepreneurship course, including its objectives, course assignments, project evaluation criteria, and sessions. The course aims to develop an understanding of entrepreneurship through examples and a project. Students will be divided into groups to develop and pitch a value-creating idea. The pitch should not exceed 10 slides and address the idea, problem/need addressed, implementation plan, competition, and financials. Students' work will be evaluated based on participation, attendance, presentation of slides, content, and the final presentation. Sessions will include videos and discussions on the concept of entrepreneurship and the entrepreneurial cycle and support system.
The document discusses key aspects of entrepreneurship including definitions, characteristics, benefits and drawbacks. Some key points include:
- An entrepreneur is defined as someone who creates a new business while facing risk and uncertainty in order to achieve profit and growth.
- Entrepreneurs have characteristics like a desire for responsibility, moderate risk-taking, and confidence in their ability to succeed.
- Benefits of entrepreneurship include creating your own destiny and reaching your full potential, while drawbacks include uncertainty of income and risk of losing investment.
- Small businesses are a major part of the US economy, employing over half the private workforce and producing around half of private GDP. However, many small businesses also fail within the first few
5 Biggest Business Challenges Entrepreneurs Faceerickjones014
Have you ever wondered, “Why do so many entrepreneurs work so hard and are usually stressed?” Maybe you’re experiencing some of this yourself? Do you ever ask yourself, “Why is it so hard to run a business?” No success story seems to have come easy. In fact, for many entrepreneurs, life can be so challenging, sometimes it’s tempting to just get a job! Why is that the case?
The document discusses the importance of creating great workplaces where employees feel engaged. It notes that most organizations are not truly great places to work, with high percentages of disengaged or stressed employees in many countries. The missing link is often the line manager and how they interact with and develop their employees on a daily basis. Practicing "Giftwork" through generous, unique, individualized, fitting interactions can help build the trust that is key to employee engagement. Doing small caring acts each day, even when busy, can make a difference in the workplace culture and employees' perception of their managers.
2015 09 EFAdvisor Article - How to Reinvent Your Mature Business With Young (...William (Bill) Verhelle
Bill Verhelle offers eight suggestions for hiring and retaining young tech-savvy workers in mature businesses: 1) Interview differently to assess attitude and interests rather than past accomplishments; 2) Communicate transformative goals to motivate staff; 3) Isolate new hires in cross-functional teams to test new ideas without approval from existing managers; 4) Assign inspired young managers committed to staff development to lead the new teams.
The document outlines several drawbacks and problems of entrepreneurship:
1) Starting a business involves significant financial risk, as the small business failure rate within two years is 35% and within six years is 64%, which can be devastating if the business fails.
2) Entrepreneurs often work long hours, averaging 52 hours per week, and some start-ups require 10-12 hour days 6-7 days a week with no vacations, draining the quality of life.
3) The intense workload can negatively impact personal relationships and family life, especially as many founders start businesses during their family-forming years from 25-34.
This chapter examines the characteristics and backgrounds of individual entrepreneurs. It addresses whether there is an exact entrepreneurial profile. It explores entrepreneurs' feelings about control, independence, and risk-taking. It also looks at entrepreneurs' family, educational, and work backgrounds. Finally, it compares male and female entrepreneurs' motivations, skills, funding sources, and support systems.
This document discusses employee motivation and how it is important for company success. It provides several key ways to motivate employees such as raising compensation, providing incentives and rewards, recognizing good work, offering training opportunities, keeping open communication, being honest, and leading by example during difficult times. Motivation comes from stimulating employees to achieve goals and providing incentives to drive performance. Proper motivation leads to employees actively working to help the company grow rather than just completing routine tasks.
The document defines entrepreneurship as starting a new business and discusses the characteristics of successful entrepreneurs, including traits like courage, creativity, and determination as well as business skills. While entrepreneurs have the potential to be their own boss and create wealth, they also take on significant risk if their business fails and may have to work long hours initially. Overall, the document explores what it means to be an entrepreneur and encourages learning about entrepreneurship to help identify career interests and build skills for potential business ownership.
NHRDN Virtual Learning Session on Managing Different Generations @ Workplace:...National HRD Network
The document discusses different generations in the workplace and how their expectations and characteristics differ. It outlines five generations - Post War Veterans, Baby Boomers, Generation X, Generation Y, and Generation Z. Each generation has different values, work ethics, leadership and communication styles, and what motivates them. Managing the new generations effectively requires a participative leadership style that explains the big picture, respects individuality, and frequently celebrates success rather than strict command and control approaches of the past.
Making your small business attractive to potential employees?The Pathway Group
How do you make your small business attractive to potential employees? making a small business attractive to potential employees, how to attract employees without raising wages. creative ways to attract employees
attracting employees, how to attract the right employees
This document summarizes the key learnings from a professional writing course. The student learned how to write an effective internal proposal, requiring significant research and addressing potential questions and concerns. By writing a proposal for a new program, the student gained experience developing drafts, receiving feedback, and improving clarity and tone. Proposals are important for growing businesses and introducing new ideas, acting as building blocks for expanding into new areas. The skills learned will help the student present new ideas to traditional leaders in her family business and contribute as a young owner.
This document summarizes the key learnings from a professional writing course. The author learned how to write an effective internal proposal, requiring significant research and addressing potential questions and concerns. Through writing her own proposal, she practiced the creative and revision processes. Proposals are important for growing businesses and introducing new ideas to leadership. Applying these skills, the author plans to propose fresh ideas to modernize her family's 40-year old business, helping it to flourish against competitors through well-researched proposals that answer questions preemptively.
ECD Lecture 1 - challenges of entrepreneurshipgayporkkkkkk
This document summarizes the first lecture of an entrepreneurship course. The lecture covered key definitions related to entrepreneurship, motivations for becoming an entrepreneur, important entrepreneurial attributes, types of risks entrepreneurs face, sources and effects of stress for entrepreneurs, and defining ethical issues entrepreneurs may encounter. Assessment requirements for the course included a business plan, individual and group assignments, and class participation. Recommended reading from entrepreneurship textbooks was also provided.
Are you an ageist employer? You may be if you tend to hire only young people, or start showing employees the door once they hit their late 40's.
Keep your workplace inclusive by being alert for ageist bias. Here are some ways to prevent being an anti-Boomer.
Winning isn't everything--but wanting to win is. Winning is a state of mind that embraces everything you do. Winning isn't everything, but the will to win is everything. “A winner is someone who recognizes his God-given talents, works his tail off to develop them into skills, and uses these skills to accomplish his goals. Winning is not everything, but the effort to win is. Winning isn't everything, it's the only thing
The document discusses the issue of ageism against older workers in hiring during economic recessions. Experts provide perspectives on both sides, with some arguing that older workers are seen as less adaptable, expensive, and skilled with technology, while others counter that experience provides valuable skills and productivity. Younger and older commenters acknowledge biases that can exist and the need for collaboration between generations to learn from each other's strengths. The presentation concludes by envisioning a future where the nature of jobs is redefined and age becomes less relevant as work focuses more on temporary value creation than long-term employment.
Are you an older or younger worker? Do you feel like you're being discriminated against? Use these helpful tips on how to get around ageism in the job search.
The document discusses the history and importance of developing a strong work ethic. It explains that ancient societies did not value physical labor, but that changed with the Protestant Reformation where work became associated with serving God. To be successful in a new job, graduates need to start at the bottom and earn respect through a positive attitude, willingness to learn, flexibility, and going above what is required. Developing good impressions and understanding an organization's culture are also important for fitting in and building a strong track record in a new role.
This document discusses the multigenerational workforce at GTRI, where employees from different generations ranging from 20 to over 70 years old work together. It notes that leading such a diverse group requires understanding how to effectively recruit, develop, reward, and retain employees from different generations, particularly millennials. While generations may have different preferences in how they like to work, communicate, and be recognized, the document suggests that all employees generally want the same things of respect, recognition, coaching and career opportunities.
This document discusses managing intergenerational conflict in the workplace. It notes that for the first time, there are four generations (Traditionalists, Baby Boomers, Generation X, Gen Y/Millennials) working together, each shaped by different events and with different work motivations and expectations. This can lead to workplace conflicts over issues like commitment, work ethic, and dress code. Managing different generations requires understanding what motivates each group. The document provides characteristics and traits of each generation, as well as strategies for managing them, including communication, delegation, and feedback. Effective multigenerational management involves dealing with generational differences.
This document provides information and guidance for career advisors working with baby boomer clients over 50. It discusses establishing rapport, understanding the characteristics and barriers this population faces, and addressing myths and stereotypes about older workers. Helpful tools for advisors include assessing strengths, weaknesses, opportunities, and threats (SWOT analysis), Myers-Briggs Type Indicator (MBTI) assessments, and exploring "encore careers" that combine income, purpose and impact in the second half of life. The goal is to effectively assist older workers in finding new careers, jobs and education as this population faces longer unemployment and age discrimination.
As wary confidence grows in the economic recovery, anxiety is starting to bubble around workforce loyalty and retention. This concern is justified. But it shouldn’t be new.
This document discusses views from the "middle" on technology and its role. It notes that American business and culture have chased extremes, and that the middle has been lost. It advocates focusing on "what really matters" through responsible innovation, community involvement, and pursuing what changes people's lives rather than just new inventions. The document suggests knowing one's identity and purpose, and having the courage to work on what matters through partnerships and conversations.
The Toronto Startup Environment - a talk for the 2014 SAGE Canada conferenceZainab Habib
I delivered this talk on the Toronto Startup Environment at the SAGE Canada conference on March 1 2014.
If you're unable to view it due to the PowerPoint 2013 format, connect with me for an original copy.
The document discusses the findings of extensive interviews conducted by Gallup with managers and employees at hundreds of companies. It identifies 12 key factors that are strongly linked to employee retention, engagement, and performance. Only 5 of the 12 factors directly influence retention. The document also provides guidance for managers on developing employees, focusing on strengths rather than weaknesses, setting clear expectations, and treating each employee differently based on their unique talents and needs.
This chapter examines the characteristics and backgrounds of individual entrepreneurs. It addresses whether there is an exact entrepreneurial profile. It explores entrepreneurs' feelings about control, independence, and risk-taking. It also looks at entrepreneurs' family, educational, and work backgrounds. Finally, it compares male and female entrepreneurs' motivations, skills, funding sources, and support systems.
This document discusses employee motivation and how it is important for company success. It provides several key ways to motivate employees such as raising compensation, providing incentives and rewards, recognizing good work, offering training opportunities, keeping open communication, being honest, and leading by example during difficult times. Motivation comes from stimulating employees to achieve goals and providing incentives to drive performance. Proper motivation leads to employees actively working to help the company grow rather than just completing routine tasks.
The document defines entrepreneurship as starting a new business and discusses the characteristics of successful entrepreneurs, including traits like courage, creativity, and determination as well as business skills. While entrepreneurs have the potential to be their own boss and create wealth, they also take on significant risk if their business fails and may have to work long hours initially. Overall, the document explores what it means to be an entrepreneur and encourages learning about entrepreneurship to help identify career interests and build skills for potential business ownership.
NHRDN Virtual Learning Session on Managing Different Generations @ Workplace:...National HRD Network
The document discusses different generations in the workplace and how their expectations and characteristics differ. It outlines five generations - Post War Veterans, Baby Boomers, Generation X, Generation Y, and Generation Z. Each generation has different values, work ethics, leadership and communication styles, and what motivates them. Managing the new generations effectively requires a participative leadership style that explains the big picture, respects individuality, and frequently celebrates success rather than strict command and control approaches of the past.
Making your small business attractive to potential employees?The Pathway Group
How do you make your small business attractive to potential employees? making a small business attractive to potential employees, how to attract employees without raising wages. creative ways to attract employees
attracting employees, how to attract the right employees
This document summarizes the key learnings from a professional writing course. The student learned how to write an effective internal proposal, requiring significant research and addressing potential questions and concerns. By writing a proposal for a new program, the student gained experience developing drafts, receiving feedback, and improving clarity and tone. Proposals are important for growing businesses and introducing new ideas, acting as building blocks for expanding into new areas. The skills learned will help the student present new ideas to traditional leaders in her family business and contribute as a young owner.
This document summarizes the key learnings from a professional writing course. The author learned how to write an effective internal proposal, requiring significant research and addressing potential questions and concerns. Through writing her own proposal, she practiced the creative and revision processes. Proposals are important for growing businesses and introducing new ideas to leadership. Applying these skills, the author plans to propose fresh ideas to modernize her family's 40-year old business, helping it to flourish against competitors through well-researched proposals that answer questions preemptively.
ECD Lecture 1 - challenges of entrepreneurshipgayporkkkkkk
This document summarizes the first lecture of an entrepreneurship course. The lecture covered key definitions related to entrepreneurship, motivations for becoming an entrepreneur, important entrepreneurial attributes, types of risks entrepreneurs face, sources and effects of stress for entrepreneurs, and defining ethical issues entrepreneurs may encounter. Assessment requirements for the course included a business plan, individual and group assignments, and class participation. Recommended reading from entrepreneurship textbooks was also provided.
Are you an ageist employer? You may be if you tend to hire only young people, or start showing employees the door once they hit their late 40's.
Keep your workplace inclusive by being alert for ageist bias. Here are some ways to prevent being an anti-Boomer.
Winning isn't everything--but wanting to win is. Winning is a state of mind that embraces everything you do. Winning isn't everything, but the will to win is everything. “A winner is someone who recognizes his God-given talents, works his tail off to develop them into skills, and uses these skills to accomplish his goals. Winning is not everything, but the effort to win is. Winning isn't everything, it's the only thing
The document discusses the issue of ageism against older workers in hiring during economic recessions. Experts provide perspectives on both sides, with some arguing that older workers are seen as less adaptable, expensive, and skilled with technology, while others counter that experience provides valuable skills and productivity. Younger and older commenters acknowledge biases that can exist and the need for collaboration between generations to learn from each other's strengths. The presentation concludes by envisioning a future where the nature of jobs is redefined and age becomes less relevant as work focuses more on temporary value creation than long-term employment.
Are you an older or younger worker? Do you feel like you're being discriminated against? Use these helpful tips on how to get around ageism in the job search.
The document discusses the history and importance of developing a strong work ethic. It explains that ancient societies did not value physical labor, but that changed with the Protestant Reformation where work became associated with serving God. To be successful in a new job, graduates need to start at the bottom and earn respect through a positive attitude, willingness to learn, flexibility, and going above what is required. Developing good impressions and understanding an organization's culture are also important for fitting in and building a strong track record in a new role.
This document discusses the multigenerational workforce at GTRI, where employees from different generations ranging from 20 to over 70 years old work together. It notes that leading such a diverse group requires understanding how to effectively recruit, develop, reward, and retain employees from different generations, particularly millennials. While generations may have different preferences in how they like to work, communicate, and be recognized, the document suggests that all employees generally want the same things of respect, recognition, coaching and career opportunities.
This document discusses managing intergenerational conflict in the workplace. It notes that for the first time, there are four generations (Traditionalists, Baby Boomers, Generation X, Gen Y/Millennials) working together, each shaped by different events and with different work motivations and expectations. This can lead to workplace conflicts over issues like commitment, work ethic, and dress code. Managing different generations requires understanding what motivates each group. The document provides characteristics and traits of each generation, as well as strategies for managing them, including communication, delegation, and feedback. Effective multigenerational management involves dealing with generational differences.
This document provides information and guidance for career advisors working with baby boomer clients over 50. It discusses establishing rapport, understanding the characteristics and barriers this population faces, and addressing myths and stereotypes about older workers. Helpful tools for advisors include assessing strengths, weaknesses, opportunities, and threats (SWOT analysis), Myers-Briggs Type Indicator (MBTI) assessments, and exploring "encore careers" that combine income, purpose and impact in the second half of life. The goal is to effectively assist older workers in finding new careers, jobs and education as this population faces longer unemployment and age discrimination.
As wary confidence grows in the economic recovery, anxiety is starting to bubble around workforce loyalty and retention. This concern is justified. But it shouldn’t be new.
This document discusses views from the "middle" on technology and its role. It notes that American business and culture have chased extremes, and that the middle has been lost. It advocates focusing on "what really matters" through responsible innovation, community involvement, and pursuing what changes people's lives rather than just new inventions. The document suggests knowing one's identity and purpose, and having the courage to work on what matters through partnerships and conversations.
The Toronto Startup Environment - a talk for the 2014 SAGE Canada conferenceZainab Habib
I delivered this talk on the Toronto Startup Environment at the SAGE Canada conference on March 1 2014.
If you're unable to view it due to the PowerPoint 2013 format, connect with me for an original copy.
The document discusses the findings of extensive interviews conducted by Gallup with managers and employees at hundreds of companies. It identifies 12 key factors that are strongly linked to employee retention, engagement, and performance. Only 5 of the 12 factors directly influence retention. The document also provides guidance for managers on developing employees, focusing on strengths rather than weaknesses, setting clear expectations, and treating each employee differently based on their unique talents and needs.
The document summarizes Sara Holoubek's upcoming talk on building a human company. She is the CEO of Luminary Labs and will discuss her experience working at startups, one that had an IPO, one that flopped, and one that was acquired. She questions whether the sole purpose of businesses should be increasing shareholder value and argues for considering other stakeholders like customers and employees. The document provides examples from companies like Plated, Pinterest, and Change.org of policies they have implemented around equity, benefits, and leave that prioritize employees' well-being over short-term profits.
Women in Tech: How to Build A Human CompanyLuminary Labs
We often think about design in terms of product or service strategy, but what about the design of companies? In the words of Phin Barnes of First Round Capital: “Entrepreneurs are the designers of companies. Great startup CEOs recognize very early that their job is not to build a product, but to build a company — defined by mission, values, and culture.”
Recently, organizations large and small have radically rethought company design by embracing employee-favorable policies such as establishing livable wages, developing creative equity plans, offering paid parental leave policies, and even pulling out of an entire state in protest of discrimination. In addition to sending a strong signal that people come first, these organizations are also making an economic argument to investors that employee-friendly policies pay dividends in reduced turnover and improved business outcome.
In this talk, Sara Holoubek, CEO of Luminary Labs, shares the forces behind this sea change as well as practical examples from companies featured in The Human Company Playbook, including Plated, Etsy, Pinterest, and General Assembly.
The document discusses strategies for attracting and retaining millennial employees. It defines millennials as those born between 1985-2005 and notes that they will make up 75% of the workforce in 10 years. Some key facts about millennials are that they prefer collaboration, want coaching/mentoring opportunities, and value work-life balance. The document provides tips for employers, such as offering flexible work hours, team-based projects, clear career paths, and social events to build community. It also suggests asking millennial employees questions to better understand their goals and how the company can support them. Overall, the document outlines the importance of catering to millennial preferences in order to attract and retain this growing segment of the workforce.