Comments on: Questionable reasons to become an entrepreneur #7 – My company makes all the money from my efforts http://www.rajeshsetty.com/2007/12/23/questionable-reasons-to-become-an-entrepreneur-7-my-company-makes-all-the-money-from-my-efforts/ Entrepreneur. Author. Speaker & Alchemist Sun, 13 May 2012 04:56:38 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Rajesh Setty http://www.rajeshsetty.com/2007/12/23/questionable-reasons-to-become-an-entrepreneur-7-my-company-makes-all-the-money-from-my-efforts/comment-page-1/#comment-1456 Rajesh Setty Tue, 25 Dec 2007 16:21:49 +0000 http://blog.lifebeyondcode.com/2007/12/23/questionable-reasons-to-become-an-entrepreneur-7-my-company-makes-all-the-money-from-my-efforts/#comment-1456 Vaughn, thank you for the comments. Singa, there are two types of skills - ones that are easy to copy and the ones that are hard to copy. In the first category are skills such as sales, operations, marketing etc. In the second category are skills such as creativity, innovation, building relationships etc. Entrepreneurs need both of them although most will focus on the skills in the first category. Best, Raj Vaughn, thank you for the comments.

Singa, there are two types of skills – ones that are easy to copy and the ones that are hard to copy. In the first category are skills such as sales, operations, marketing etc. In the second category are skills such as creativity, innovation, building relationships etc.

Entrepreneurs need both of them although most will focus on the skills in the first category.

Best,
Raj

]]> By: Singaravelan Narayanasamy http://www.rajeshsetty.com/2007/12/23/questionable-reasons-to-become-an-entrepreneur-7-my-company-makes-all-the-money-from-my-efforts/comment-page-1/#comment-1455 Singaravelan Narayanasamy Mon, 24 Dec 2007 15:14:29 +0000 http://blog.lifebeyondcode.com/2007/12/23/questionable-reasons-to-become-an-entrepreneur-7-my-company-makes-all-the-money-from-my-efforts/#comment-1455 In addition to the traits listed, I would also give higher importance to a person's psychological make-up (mentioned by you as self-esteem, drive etc), attitude and creativity that determines the outcome. I agree that the wannabe entrepreneur needs functional skills (sales, operations) to run the company and in depth research before jumping in. Can you throw some light on the role of creativity here? In addition to the traits listed, I would also give higher importance to a person’s psychological make-up (mentioned by you as self-esteem, drive etc), attitude and creativity that determines the outcome. I agree that the wannabe entrepreneur needs functional skills (sales, operations) to run the company and in depth research before jumping in.

Can you throw some light on the role of creativity here?

]]> By: Vaughn Christie http://www.rajeshsetty.com/2007/12/23/questionable-reasons-to-become-an-entrepreneur-7-my-company-makes-all-the-money-from-my-efforts/comment-page-1/#comment-1454 Vaughn Christie Mon, 24 Dec 2007 09:58:47 +0000 http://blog.lifebeyondcode.com/2007/12/23/questionable-reasons-to-become-an-entrepreneur-7-my-company-makes-all-the-money-from-my-efforts/#comment-1454 Rajesh: You nailed it. Again. Brand, whether it's your personal brand or the Company brand for which one works, plays a significant role in how others perceive you and your abilities. One should quantify both before taking on an entrepreneurship. In the exercise of quantification, future entrepreneurs should also look at how their current employer may be diminishing their personal brand. For instance, BIG company's (e.g., Fortune 50's) are often cited as being risk averse, process-centric, and rather slow when it comes to change. Are these attributes you want to be tied to your brand? Something to consider. Rajesh:

You nailed it. Again. Brand, whether it’s your personal brand or the Company brand for which one works, plays a significant role in how others perceive you and your abilities. One should quantify both before taking on an entrepreneurship.

In the exercise of quantification, future entrepreneurs should also look at how their current employer may be diminishing their personal brand. For instance, BIG company’s (e.g., Fortune 50′s) are often cited as being risk averse, process-centric, and rather slow when it comes to change. Are these attributes you want to be tied to your brand?

Something to consider.

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