Get Into The Entrepreneur Mindset

It can always be nice to imagine that you can go from very poor to very rich but in America, that’s not the case. According to a recent study, 70% of those born in low income families remained in the lower income bracket. Out of the remaining 30%, only 24% reached middle-class or upper- class and 4% rose to become high income earners (Hargreaves). Now, it is very difficult for people born into the lower class to rise up to the middle or upper class. These people that do successfully rise up have to have certain characteristics. 53% were college graduates, 50% were two income families, 35% were white, and 34% did not experience unemployment (Hargreaves). Most people in low- income families cannot afford college and student loans. This makes them less likely to become part of the middle class. Poor people do not have the resources to strive and become part of the other social classes. Overall, it is becoming more and more difficult for low- income families to become part of the middle class.

The lottery offers a wonderful opportunity to possibly win millions of dollars. While this might seems amazing, it might not be as wonderful as imagined. In fact, maybe even the opposite might true as stated by numerous studies and research done since the 1970s.

The lottery isn’t just a simple gambling game. Its enables you to jump straight into the upper class. It’s a one dollar ticket to all of the luxuries of the world, and all you need to win it all with just some luck. If I would have won the lottery, the first thing I would do is to spend money on my education. I would also donate money to the victims of blockade in Nepal, go on a long vacation and I would make sure to fulfill my other

First off, winning the lottery may not be a blessing because you can lose your money quicker than you think. After winning the lottery, the government takes almost a quarter of your winnings in taxes to help cover the United States’ debt. If you won about 10 million dollars, the government would take around 2.5 million in taxes. Another way you can

Most people think winning the lottery is a dream, but for these seven unlucky lottery winners, their prize was much more tragic. Meet the seven people who won the lottery and continued on to suffer as a result. You won't believe these stories.

The number one reason why the rich get and stay rich and the middle class stay in the middle class is spending habits and debt. Debt is a one way ticket to always being in the rat race. Additionally, most Americans who are stuck in the middle class and will most likely never get out are those who embrace the worst kind of debt - money sucking debt. This is the debt which Visa, MasterCard and Amex use to pay their high-end executives who have luxuries most only dream about.

You would probably be surprised to know that more Americans are quitting their jobs today than four years ago. Also according to the U.S. Department of Labor, turnover can cost an organization 33% of an employee's total compensation, including both salary and benefits. People quit their jobs for a variety of reasons. The three main reasons are because of poor management in their workplace, low wages, and unhealthy working environments.

The possibility of having to close down the company if they become unionized is a very strong threat.

In the article “Of the 1%, by the 1%, for the 1%” Joseph Stiglitz, a noble prize winning economist, argues that the upper 1% controls about 40% of all wealth in America. This top 1% has taken about a quarter of all income in America, and has seen their income rise about 18% in the past decade. This has made the inequality between classes in the US expand. Eventually, this inequality gap will even hurt the top 1%, because the other 99% will either fight for a bigger piece or just stop working all together. The top 1% can buy anything they need, but their fate realizes on the other 99% to work hard and not fight back. If the 99% stopped working, there would be a simple way to gain back money… that would be to raise taxes on the rich. However, the rich get rich by capital gains, which have a low tax policy. So overall, the upper percent can eventually learn, but a majority of the time it is too little too late.

A lottery winner will begin to feel the need to flaunt their wealth because of their popularity. In result, a lottery winner will start buying flashy things for display and buying others overly expensive gifts to show how wealthy they are. Not considering the cost of their flashy and expensive objects, can cause a lottery winner to lose all their winnings in a matter of time. Therefore, the popularity given to a lottery winner isn’t beneficial because the fame and wealth results into dishonor and debt.

retirement provisions to leave their jobs before they would otherwise have chosen to retire. Others who remain on the job claim that they confront hostile work environments or are demoted to less remunerative positions, with their age being the big factor.

Lottery is one of the best things that has ever happened to human kind especially those that dream high and but their dreams don’t come to life because they don’t have what it takes to make it happen. Lotteries are in various categories such as sweep stakes, scratch off, the Jackpot and even the green card lottery. The lottery that is being focused in this argument is the jackpot one. When individuals or people in general buy the lottery ticket their hopes are high, and they anxiously await with anticipation hoping to win. If they don’t win, they never give up, for they know that there is always next time and they keep playing. Some people urge that playing lottery is a bad idea because people end up getting

In real terms, our social system is split into two distinct sectors. There is the people who are middle class and lower, and those in the upper and elite class. People can move freely in their sector but if they try to move from the lower sector to the top, they are met with harsh resistance by those in the upper sector. The dream that with a little elbow grease and some good luck you can be anything you want to be, is the exception in our class system, not the rule. With only being a set amount of wealth to be divided up among everyone in the world, the people that have it don’t want to see it slip away from them and be given to other people.

This school sees strategy formation as a visionary process and is fell under the descriptive school of strategic management. The chief architect of the strategy is the CEO of a company. This school took formal leadership seriously and CEO is responsible for strategy formulation. It stressed on mental state and processes such as instinctive knowledge, belief, wisdom, experience and insight of a single leader. The leader should be visionary in formulating strategy. The entrepreneurial school promotes strategy as a process which has a clear image and sense of direction which can be termed as a vision. Entrepreneurial strategy often occurs in startup companies and organizations in trouble and needing a

As much as entrepreneurial mindset is important for business success, it is also vital to understand the current level in each entrepreneurial community by identifying which factors are lacking that needs to be improved as a means to foster the success of entrepreneurs. The above statement relates with the fact that business success in the new economy is merely not a function of relevant skills; but requires people with entrepreneurial mindsets.