Ken Phillips (Exec. Dir.) and the team at “>Click here for the full article:
Some of Simon’s observations include:
“… entrepreneurial economies [are] based on knowledge and ideas rather than economies of scale.”
“There are big differences between the former industrial ‘managed’ economies and the new ‘entrepreneurial’ economies.”
“One outcome is that, while a managed economy favours large businesses and corporate managements, an entrepreneurial economy offers more advantages for small businesses and more opportunities and rewards for entrepreneurs.”
“Although there may be clear signs that the successful economies of the future will be entrepreneurial economies, a lot of our thinking has not caught up with this and is still derived from assumptions which were more appropriate to the earlier second-wave Fordist era when big business ruled.”…
and here’s to the launch of “The Feminine Entrepreneur” (by delightful fellow entrepreneurial mother, Cath Resnick)…
If there were more “Cath’s” around, the world would be a better place…
and to illustrate what I mean, she shares the first of her insights in this article.
As reported in TheAge.com by Michael Short for The Zone…
…Chris Sanderson of the Future Laboratory talks of ”the turbulent teens”. We are, they say, entering a time of unusual volatility, driven primarily by mobile technology and demographics.
”We coined the expression to describe a decade in which change is the norm, rather than the exception. That’s coming at us from all different angles . . .
”We sense that all of this turbulence is going to cause these trends to behave like teenagers. So, one minute you swing and the next minute you swing back the other way.”
But there’s a beacon. ”All our research has shown that the more engaged, the more involved we feel, the more we can then talk about our experience, the more we tend to remain loyal to that brand.”
”If you’re in a period of transformation, revolution even, where things are just moving so quick, a solution from a business perspective is to be absolutely rock solid . . .
”So, when you start using metaphoric language to describe potential business strategy, either your philosophy is written in stone and is unchanging – you present the same thing you’ve always presented because people will come to you because you represent security, stability – or you’ve got to be as flexible or kind of fluctuating as the consumer. You’ve got to anticipate and appreciate their mood swings and their desire to be able to tip onto the next things.”
For those who opt for agility, Sanderson has come up with a mantra: ”betapreneurialism”. Actually, it’s a cute, clever word for the classical notion of winning by constantly testing ideas and methods. Ditch the 100-page business plan and just do it.
”We saw the continued growth of small, young businesses that were just having a go, trying things in the face of often intense competition from much bigger, established brands . . .
”It is not about being an underground movement and trying to bring down the doors of capitalism. It is about a generation of people who are very pro-commerce; they are very engaged with commerce. But, what we’ve seen is a freeing-up or removal of the traditional structures that define commerce.”
”Whilst people have always been able to stand on the street corner and sell something, the combination of the digital world and access to digital technology shifts the way that we think about traditional constructs of business and the organised process of what it meant to be in business.”
Where Sanderson is trying to give some fresh value, though, is by helping people understand what this means for retailers and their customers. The potential watershed is the power of the computer so many of us carry around in our pockets, and the ability for retailers to know exactly where you are at any moment, should you allow them… continue to article and interview transcript
What's your style?
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Similar story in Australia too I suspect, and here’s why…
Tandelyn A. Weaver, owner of PersonalFreedomForWomen.com shares some interesting insights.
Divorced or single mothers who undergo traumatic experiences in life have been an impetus for 30% of female business owners to embark on their entrepreneurial ventures.
A report published by The Guardian Life Small Business Research Institute projects that female-owned small business, now just 16% of total U.S. employment, will be responsible for creating one-third of the 15.3 million new jobs anticipated by the Bureau of Labor Statistics by 2018 (Forbes.com January, 2010).
Social factors have resulted in the growth of female owned businesses. Where motherhood results in delays of starting their own businesses, it is also the reason for women owned business growth.
It is also believed that businesses owned by women start small and go through steady growth. The first three year survival rate of female owned businesses is 72.25%. The reasons for high survival rates of female owned businesses lies in the natural and to some extent learned disposition of females to run and manage a business successfully. For example, it is said that patience is the key to any successful entrepreneurial venture. Women are known to be naturally patient and flexible to change.
Family businesses have also been a successful place to help business growth. These family businesses have inspired women to start a business of their own and helped build in them skills which are necessary for managing a business. A study conducted in the mid 90’s showed nearly 78% of female business owners had some form of family business connections in their past. Women entrepreneurs are more likely to start a business for achievement of personal goals like accomplishments and recognition and the need to support their families.
It is inspiring to know that women are helping create jobs in United States and around the world…continue