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  1. #1
    Mechanical's Avatar
    Mechanical is offline Junior Member
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    Chart your position in life.....

    Here is an entrepreneur scale I ran accross and though someone else would like to see it:

    Code:
    http://encyclopedia.thefreedictionary.com/_/viewer.aspx?path=b/b8/&name=Entrepreneur1.jpg
    I am all the way to the right on this one. ;]
    Http://google.com is your friend!

  2. #2
    akula's Avatar
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    the chart is wrong

    attitudes to risk aversion are dynamic rather than static

    dependent of frame referencing, a person can be an innovator on Monday - yet also be opportunity averse on Tuesday.

    manipulating the frame reference is the whole point of getting rational people to do irrational things (like getting them to invest in a startup).

    likewise, politicians can manipulate frame referencing and seduce a typically risk averse American public to accept extraordinary uncertainty of going to war. this is done by stressing loss aversion over explicit rewards.

    in other words, even the dullest of most boring, non innovators who wouldn't cross the road without doing a 6 month longitudinal study - are gonna play russian roulette if someone puts a gun to their head.

    this chart is made by an amateur and ignores basic research into behavioural economics.

  3. #3
    akula's Avatar
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    translation: an entrepreneur can be as risk averse/oriented as a labourer dependent on the situation (and vise versa)

    this is the reason why normal people who would never start a business for financial gain jump into entrepreneurship when they're faced with the prospect of being poor

  4. #4
    Mechanical's Avatar
    Mechanical is offline Junior Member
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    Stab a thread in the back while it's not looking, says alot about u, no translation required.
    Http://google.com is your friend!

  5. #5
    Aletheides's Avatar
    Aletheides is offline YE Veteran
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    Quote Originally Posted by Mechanical
    Stab a thread in the back while it's not looking, says alot about u, no translation required.
    I'm pretty sure Akula is using this forum for what it's for, discussion.

    Anyway, I noticed this under the image of the scale: "The "supply" theory says that entrepreneurs are born, not made."

    I think that's false. Although it takes plenty of dedication, being an entrepreneur is something anyone can do.
    If you want to be rich, sell products and services.
    If you want to be insanely rich, create and control markets.
    I must create a system or be enslaved by another mans; I will not reason and compare: my business is to create.
    Read The Richest Man in Babylon - first published in 1926, timeless wealth-building principles.

  6. #6
    WanganRunner is offline Senior Member
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    Quote Originally Posted by Aletheides
    I'm pretty sure Akula is using this forum for what it's for, discussion.

    Anyway, I noticed this under the image of the scale: "The "supply" theory says that entrepreneurs are born, not made."

    I think that's false. Although it takes plenty of dedication, being an entrepreneur is something anyone can do.
    w3rd.

    Anyway, I think they nailed me on there though. "Oppurtunistic Entrepeneur", lol.

  7. #7
    tekmoney's Avatar
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    I don't believe in the supply theory. I was never an entrepenuer when i was a kid... it slowly grew on me when i saw most of my family running their own business, then throughout college I read and studied a lot that went against the grain of traditional teaching which is basically: learn these things > work for somebody else all your life > retire. They don't teach being your own person in the american educational system. Even most business programs just teach you how to run somebody else's books.
    "Whatever you can do, or dream you can do, begin it. Boldness has genius, power, and magic in it."

    Colorado Small Business Web Site design and development

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