My Start Up Like Summary

Bygrave, W.D. & Zacharakis, A. (2014). Entrepreneurship, 3rd ed. Hoboken, NJ: John Wiley & Sons, Inc. ISBN: 978-1-118-58289-3

Entrepreneurship is a term that has reentered the public vernacular over the last few years, many times in reference to what is wrong with America but what it means is rarely defined. Furthermore, it is generally agreed that more Entrepreneurship is a desirable trait but how to go about encouraging it is again a point of contention. This paper will address a specific facet of entrepreneurship and attempt to discover what are the key drivers to foster an entrepreneurial spirit from childhood.

URL för elektronisk version http://www.ep.liu.se/exjobb/eki/2000/iep/036/ Titel Title Författare Author Successful start-ups & key success factors

Startup.com is a documentary film about govWorks.com, a start-up tech company that operated between May 1999 and December 2000. The company raised $60 million US dollars from various venture capitals and was thought to become a million-dollar business that will go public on the stock exchanges. Unfortunately, the company did not survive when the dot com bubble bursted. The company was founded by two best friends since high school, Kaleil Isaza Tuzman and Tom Herman. Their friendship also fell apart as the company came to an end. govWorks.com was acquired by a multinational corporation on New Year’s Day 2001 due to the company’s rapidly depleting cash flow and inability to get more funding.

In a bid to preview this article, I will share with you my views on what a start up is, common challenges experienced and my untold story. I would however start with this quote by Ajaero Tony Martins a successful entrepreneur and investor:

The book THEOLOGY THE BASICS by Alister E. McGrath first sentence tells us “Theology is ‘talk about God’”. It starts informing us of what we learn in theology, and why we learn it.

An entrepreneur has to be willing to take risks and overstep boundaries that exist in the business world. Entrepreneurship is not only about creating new business models but also about being innovative and improving on already established structures. Entrepreneur Gary Salomon, co-founder of FASTSIGNS International, demonstrates how essential improvements can make a difference. I decided to interview Mr. Salomon because of the success he was able to establish by being innovative. As a future entrepreneur I want to be able to identify future business ventures that have already been established. My reasoning for this interview was to gain insight of how a small venture can grow to be as large as that of FASTSIGNS. Mr. Salomon successfully identified an industry with growth potential and took the risk to start his own venture. His intention was not to recreate the sign industry as a whole, but to advance the technology being used, as well as, adding professional elements.

Every business owner needs passion and determination to make a business work. You need to anticipate what comes next and know the

Leonard Bernstein was born August 25, 1918 in Lawrence Massachusetts. His birth name was Louis, the name his grandmother adored, but his family always called him Leonard or Lenny, which he officially renamed himself when he was 16. His father, Sam Bernstein, was a Russian immigrant who in his native Ukraine was destined to become a rabbi. Once he arrived and settled on New York City’s Lower East Side, the elder Bernstein took up working as a fish cleaner. He eventually got a job sweeping floors in his Uncle Henry’s barbershop and then landed a position stocking wigs for a dealer. He eventually built a rather profitable business distributing beauty products. Leonard His life of music started at a very young age and then later in life he became a very popular composer, conductor and teacher of music. Bernstein even composed great music for popular movies.

Nick Vertucci has made it his life’s goal to help spread his knowledge on how to be successful. Vertucci grew up in a middle-class family that was able to provide for their needs but were not by any means wealthy. When he was 10 years old, tragically his father passed away. He watched his mother struggle financially to take care of the family. When he turned 18, Vertucci was living in his car, but he did not let this stop him. His very first business was selling computer parts, and he quickly found that with some hard work, he could be very successful.

Jay Jones is a motivated entrepreneur with over 20 years of business development experience leading high-performance organizations and creating winning cultures to produce thriving companies. He is an exceptional and dynamic leader, having found three high-performing start-up companies that focused on computer hardware, software, internet and technology. His diverse and extensive business management background includes sales, marketing, operations and development within the rapid growth and turnaround environments. Mr. Jones is an accomplished and gifted visionary ( possibilitarian) who excels at transforming a client’s business ideas from infancy into a profitable, winning company. Mr. Jones thrives on the challenge of developing and applying

So, to sum it up, it is just right for me to say that this book is very helpful to those promising future entrepreneurs and students like us would really appreciate this kind of guide for us not to screw up when we graduate. But of course, it is not just helpful to the students but to those who wants to move out of the poverty line and start making money for their living.

Starting a business is hard and requires a lot of commitment, learning, and determination. It is a challenging thing that can lead to a huge success or to a huge failure. So, the Startup.com documentary shows us the success and quick failure of govWorks Inc. a dot-com company founded in 1998 by Kaleil Isaza Tuzman and Tom Herman. The documentary gives the audience an insight of how difficult can be mixing friends and business. The dream of Kaleil and Herman, entrepreneurs and co-founders, came to reality pretty fast because they presented to the market pioneering ideas of what we know nowadays as, e-commerce. The company was a huge success in the first months and they raised over 60 million dollars along the way but it also became a failure in just two years when it went bankrupt. What was the mistake? What could they have done differently? Even though the idea of the company was revolutionary by that time, this whole project demonstrated to Kaleil, Tom, and future entrepreneurs, that the key rules to start a business, and succeed on it, are good management, teamwork, and leadership.

Starting a business is the latest trend. Just take a look at Instagram. Several profiles have the caption ‘Entrepreneur’. At this very moment, there is someone, somewhere working on an idea, a business plan or launching a startup. Entrepreneurship is on the rise like never before. The flexibility and independence that comes with being one’s own boss is attractive and worth taking the leap in starting a business. However, most people don’t know that being an entrepreneur is a grueling journey that can be very lonely and stressful at times. According to the Small Business Administration (SBA), 50% of businesses fail during the first year. Starting a business can be a scary task, but the

Startup.com shows the perils of going into business with a shaky business plan. It shows the initial excitement, the rise and fame, the bumping of heads and the eventual downfall. Such is the story of govworks.com, the documentary, startup.com covers it’s first, and only, year in business.