Starting a business and keeping it small is less appealing to many Americans than launching a startup and scaling it big. Morra Aarons-Mele coined the term “entrepreneurship porn” to describe the unrealistic glamorization of the entrepreneurial lifestyle. It’s the latest in a series of myths, she said, about what success looks like. Aarons-Mele said entrepreneurship porn lures many ambitious young Americans into entrepreneurship as opposed to small business ownership, even if that might not be the best choice for them. “The first word in ‘small business’ is ‘small,'” said Morra Aarons-Mele. It’s a descriptor that few Americans aspire to. “We spend a lot of time telling ambitious people not to think small,” Aarons-Mele added. That’s why she thinks the prospect of entrepreneurship – and the desire to be the next Elon Musk or Mark Zuckerberg – is especially powerful in the US. “It’s a … [Read more...] about Americans make easy victims of ‘entrepreneurship porn’ because it gets right at the heart of what they believe about business and success
10 myths of entrepreneurship
Starting a business isn’t as exhilarating as it can seem, experts say. The rise of “entrepreneurship porn” is luring many ambitious young Americans into launching their own companies, when they might be better off joining a more established organisation. If they do decide to found a company, these entrepreneurs should at least be adequately prepared, instead of simply diving in headfirst. Entrepreneurship isn’t just about risk-taking and passion. Tomas Chamorro-Premuzic has been teaching MBA students for more than 15 years. When he first started teaching, all his students wanted to work for corporate giants like Goldman Sachs, IBM, and Unilever. A decade later, Google, Facebook, Apple and Amazon were the big draws. “Now,” he told me when we spoke by phone in July, “the vast majority tell me, ‘You know, I’m going to be a startup guy. I’m launching something. I’m going to create the next big X, Y, Z.” … [Read more...] about 20-somethings who dream of being the next Elon Musk may be victims of ‘entrepreneurship porn,’ and it doesn’t bode well for their futures
Jun 05, 3:33 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Technology By Banu Ozkazanc-Pan 04/25/18 AT 2:29 PM The American dream is built on the notion that the U.S. is a meritocracy. Americans believe success in life and business can be earned by anyone willing to put in the hard work necessary to achieve it, or so they say.Thus, Americans commonly believe that those who are successful deserve to be so and those who aren’t are equally deserving of their fate – despite growing evidence that widening inequalities in income, wealth, labor and gender play a major role in who makes it and who doesn’t.And this very fact – that Americans believe their society is a meritocracy – is the biggest threat to equality, particularly when it comes to gender, as research by myself and others shows.The Meaning Of "Meritocracy"Gender inequality is pervasive in American … [Read more...] about Women In Tech Suffer Because Of American Myth Of Meritocracy
Shona Ghosh, provided by Published 7:21 am, Wednesday, May 16, 2018 David Ripert David Ripert has left a comfortable job heading up YouTube Spaces at Google to launch his own augmented-reality marketplace startup, Poplar. It was a big decision to leave a corporate job to run a startup, and Ripert has bucked the clichéd image of the super-young founder by launching Poplar just before turning 40. Poplar will help brands launch augmented-reality campaigns by matching them up with creators. It's being launched from Founders Factory, the startup incubator launched by Made.com cofounder Brent Hoberman. Business Channel Now Playing: Now Playing These 5 Unprofessional Work Habits Will Make Everyone Hate You Buzz 60 Uber Is Changing the Way It Handles Sexual Assault Fortune Inside First Lady Melania Trump’s Daily Routine Veuer Aurora Buys Medreleaf in the Biggest Cannabis Merger Ever Cheddar TV First-Class Passenger Booted From Flight After Sneaking … [Read more...] about Why a 39-year-old quit his job running one of Google’s most fun divisions and took a huge pay cut to launch a startup
Don't be fooled by these common misconceptions about entrepreneurship. Harsha Chanrai Published 1:00 pm, Monday, May 14, 2018 Photo: Hero Images | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Hero Images | Getty Images Think Being an Entrepreneur Means Never 'Working' a Day in Your Life? Think Again. 1 / 1 Back to Gallery There's a common image of successful entrepreneurs in their early years: working out of a friend's basement, subsisting on a diet of ramen and pulling all-nighters until one day, just as they're about to exhaust their last resources, something turns. As romanticized as those success stories seem, there's a danger to perpetuating that image as the sole means to achieving our goals. I'm excited to share with you some realities of entrepreneurship as I've experienced them -- ramen … [Read more...] about Think Being an Entrepreneur Means Never ‘Working’ a Day in Your Life? Think Again.