business

Test : If you have the Entrepreneur Skills & Personality.

Entrepreneur-IQ-testMany people decide to become entrepreneurs without really knowing if entrepreneurship suits them or not.

Not many people are actually made to be entrepreneurs, or at least not good entrepreneurs!

This amazing Entrepreneur IQ test << will help you determine whether you have what it takes or not!

Are you a risk taker? do you handle stress well? can you work long hours? hire and fire when needed …

Taking the quiz is a must for any wannabe entrepreneur, it is also a must for new entrepreneurs to help them understand how they should improve their game.

I have met many times successful entrepreneurs or even serial entrepreneurs that do not even qualify, so obviously this quiz is not an absolute test, but it is a relative one, to help see if you can be successful without relying much on luck.

 

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What is an entrepreneur? Are you one?

What is an entrepreneur?

Related: Definition of entrepreneur, and it’s unexpected meaning <<

If you would ask me what is an entrepreneur, i would tell you it’s someone ready to work 24h for a company he / she launched.

Here’s some of the definitions, for source see link above.

Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.

There are two distinctive views. The first is the popular view: that entrepreneurs are people who run their own companies, the self-employed or small-business people. The second is Joseph Schumpeter’s view that entrepreneurs are innovators: people who come up with ideas and embody those ideas in high-growth companies.

An individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.

An entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. An entrepreneur: Sees an opportunity. Makes a plan. Starts the business. Manages the business. Receives the profits.

 Are you an entrepreneur ?

Prepare yourself to be chocked to know that being a businessman, even a successful businessman might not make you an entrepreneur!!! Reflect on this point a bit before seeing the arguments : What is an Entrepreneur <<

in the US the Women in Leadership is also considered low

Forcing Gender Equality and Diversity on Businesses

in the US the Women in Leadership is also considered low

in the US the Women in Leadership is also considered low

Related: Are men better entrepreneurs and leaders than women?

A couple days ago, Germany voted a law forcing companies to give at least 30% of the company’s board to women.

Even one company with 2/3 of the workforce being women, was criticized for not having enough women on board of directors.

Is this a good idea?

Germany’s Female Chancellor Angela Merkel, thinks so …

If equality should be approached in the strict meaning of the term, then men should get as much office and cashier jobs as women, and women should get as much hard and physically demanding jobs as men!
It’s not the case, isn’t it?Businesses know best what they need, and for what position, so governments should not force businesses to do what is counter productive!

The same with diversity in certain cases (not in general).

Why do i think forcing the companies to have more women leaders is a bad idea?
Because you simply can’t choose random people for leadership, a good manager is not a leader, a good secretary is not a leader and a good employee is not a leader!!! Only a leader is a leader!
The biggest issue that block women from becoming leaders is that they are often not taken too seriously by their fellow male and female colleagues, some choose to be tough just to make their opinions respected, and i don’t think that’s a good solution.

women men business abilities equalityAnother big issue women have, is that they have lack of self confidence, and that’s definitely not a good thing if you want to be a leader.

men women doubts in business
Yet another bad behavior when in leadership is indecisiveness, women often change their opinion a hundred time, don’t believe me? Ask any married guy!

This said, in any company, the pool of women fit for leadership is much smaller than the pool of men fit for leadership, that makes the task of finding the appropriate women to be on the board of companies much harder, and makes the process of selecting female leaders with slightly inferior leadership skills discriminating against the men working in that business.

That’s my friend is putting the feminist agenda, before the capital agenda! And that’s not how business works!

What should be done though, is forcing a 50% quota on politicians, there’s no excuse in a society where women make up half the population, that still only a small number of politicians are females, and that applies worldwide!!! Even when you have a female president, or prime-minister, still less than 20% of politicians are women !!!!

Are Women Good or Bad Entrepreneurs ?

Last year, i asked the question if Men were better entrepreneurs than woman, i tried to convince myself that gender has no relation …

But recent statistics made me change my views, now i’m convinced women are bad empire builders, they may be as good as men for small businesses but very few plan or dream of world domination for their niche products or services.

Here’s some stats:
According to the Wealth-X and UBS Billionaire Census 2014, there are 2,325 billionaires in the world, and only 12% of them are women. That means there’s 286 female billionaires.
Wait it gets worse, from these 286 women only 17% have self-made their fortunes, that’s 48 women out of the 2325 billionaires that can claim to have made their own fortunes.
In total around 66% of billionaires made their own fortunes … so we see a huge difference here!

But some points should be considered:
1. Majority of women are focused on motherhood, while men are testing or building their companies or ideas, thus women enter the game much later.
2. For Men, it is a game of domination, for women it’s about the well being, thus they rarely push their teams to go for domination and stack riches.
3. Tech sector is a big generator of billionaires, and there’s really few women in tech.

why 90% of startups fail?

why 90% of startups fail?

A good question, many wonder who and how they come up with this number ?

is it through statistics or …

Reality is that startups have many variables that determine their success, and usually startup founders are young and inexperienced

thus they are likely to have a lot of trouble with many of the these variables!

Some of these variables are:

  1. Capital.
  2. Management.
  3. Connections.
  4. Production & skills.
  5. Competitors reaction.
  6. Need for the product.
  7. Pricing.
  8. Patents.
  9. Educating the customer.
  10. Branding and marketing.

 

A mathematical formula using the above variables can explain the reason this number of 90% will fail was given,
click for to see the startup formula article<<

 

Godaddy domain renewal Coupons not working in 2014 !

This year godaddy is inactivating the coupons one by one, which can be annoying for people with many domains : Godaddy renewal coupons not working

Godaddy has a marketing strategy of offering coupons for cheap .com domain registration the 1st year (2$, 5$ etc …)The next year renewal would automatically be $ 12.99 or even $ 14.99 unless you had a coupon for renewals as-well, making the renewal less costly and more like the many other domain registrars that charge around  $8 or $9.

Explain luck

I have been trying the last few days to understand luck …
Luck, is something that do exist and could not be scientifically explained, some people are born lucky and others with bad luck, sometimes luck change but you can never explain luck.

Why some people are lucky?
Some people have luck behind them all the way, finding a good job, a good house, great deal on a car, finding money on the ground, winning the lottery … Luck follows them like a pet dog follow the master, while others have no luck or sometimes bad luck instead ….
My question is why?
I mean it’s not a matter of effort, because the unlucky guy looks for 10x more job offers before landing the crappy job, while the lucky guy gets an amazing job quickly …
It’s not a matter of goodness & personality, because many lucky people are arsholes while many unlucky ones are super nice.

I initially thought that each human have a package of attributes different from others but that have the same sum, like in video games, when you get experience bonuses to spend on your character, you can add strength, health, intelligence, dexterity … I though maybe at birth each human have a package of attributes that are different but have same sum, for example:
Intelligence + luck + health + creativity + communication skills + ….
And that when 1 of these factors is high, the others should be lowered …. But then i asked myself, what about people & kids that die in disasters … My theory don’t hold much.
Then i wondered if there’s a trigger that kicks on/off the luck, for example if this guy is lucky we could end up having a war in 10 years, so better give him bad luck … But again this theory don’t hold much, the same argument as before, how would poor tsunami victims have changed the future …

For me, i would like to believe that luck works loosely on the above theories, with other factors involved as well!