Sunday, April 3, 2011

Entrepreneurs

Persons who want to standout and deny to be recognized as a different class of people are called first generation entrepreneurs. All the entrepreneurs go through the chaotic phase and execution phase, ideas are born out of this chaos and the large number of patterns are broken paving path and distinction of new.First generation entrepreneurs inspire the society because they built their business from scratch.Successful and competent entrepreneurs built businesses that live forever or for at least a long time. This is done by building institutions for the benefit of every one. This is how they leave a great inheritance of values, motivations, aspirations and goals.The idea of inheritance, legacy and value is most important constituent of right entrepreneurship.
Firms cease after five to ten years, seeing different waves of economy and stability in the society and nation, hardly 25% survive into second generation and 15% carry it up to the third generation. Legacy in fact is inheritance of great examples and it requires sustained priorities and efforts and this is difficult because entrepreneurs are very busy creating and running the show.

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