Business plans
"All else being equal, a venture-capital-backed entrepreneur who starts a company that goes public, has a 30 percent chance of succeeding in his or her next venture. First-time entrepreneurs, on the other hand, have only an 18 percent chance of succeeding, and entrepreneurs who previously failed have a 20 percent chance of succeeding, according to researchers at Harvard Business School."
I ran across this quote recently. Good grief, Harvard, you should know better than that. This is a bunch of garbage. This was a fancy article, using lots of fancy words. But not once did the article talk about whether or not the business supported the entrepreneur for any length of time. Not once did it mention if the business had changed names or relocated or been sold out, three indicators of "failure" that aren't failures at all.
And not once did the article mention how much happier independent businesspeople are than those in corporate America. And THAT is the most telling stat of all.
I haven't seen a survey for a while now, but every single time I see one, it reports that entrepreneurs are happier than their corporate counterparts, no matter what level of "success" they enjoy, no matter what industry they are in.
Harvard's obsession with bottom line success ignores the real successes of small business. Get your act together, Harvard. You are part of the reason for the Ethics of Wall Street that have nearly brought this country down. Maybe you should re-evaluate who a "success" really is.
0 comments:
Post a Comment