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Showing posts with the label business

Does Entrepreneurial Experience Guarantee Success?

This may surprise you.  Entrepreneurial experience doesn't guarantee success. According to smartplanet.com, a new study has found that, in fact, serial entrepreneurs have a dismal record. The study was based on the success and failure rates of 8,400 entrepreneurial ventures in Germany, and concludes that previous experience in the entrepreneurial realm doesn't really predict success going forward. Joe McKendrick writes that the study says that previously failed entrepreneurs are less likely to survive and, in common with entrepreneurs with mixed prior experiences, are more likely to experience bankruptcy. "We find that portfolio and serial experience is unrelated to survival or avoiding bankruptcy. Our results showed that venture survival outcomes are unrelated to prior successful entrepreneurial experience and that failed entrepreneurs are more likely to fail again," he writes, from the study. But not everyone agrees.  Where you get your business education i...

Social Media Replacing Human Contact? Nah

I used to think my son only talked to his "girlfriend" (did I mention he'll be 12 in June?) in school.  Then I happened to walk by his computer and saw her on his screen.  They Skype.  About three hours a day.  Then I got it.  It's real.  Kids mostly communicate electronically these days. But Joe McKendrick at smartplanet.com believes there are reasons social media won't completely replace face-to-face interactions.  For one, there's less distraction.  If you're sitting at your computer, you're scanning for emails or googling or watching the news, in addition to talking to someone.  When you're actually with someone, it's harder to do this -- though, Joe, are you living on Mars? Have you never seen a teen texting at the table, while talking to you, or God forbid, driving? Most of McKendrick's points have to do with the office, and meeting in person to do business rather than connecting online.  I have to admit here, it makes sense. ...