In todays society with our newer free enterprise system it is much easier for both entrepreneur and artists alike to not only make a name for themselves but also fairly make a decent fortune for them to live off. Though not regularly considered entrepreneurs many artists particularly in the music and entertainment industry should be looked at as such. The example that will be the focus in this instance is going to be Snoop Dogg who without a free enterprise system would have never been able to make the name for himself or the millions that he and his family enjoy and spread throughout this great country. Due to the lack of government involvement he was able to not just manage his own finances and businesses but more
Though The Apprenticeship of Duddy Kravitz was written years ago, the idea of materialism, and measuring one's success by their possessions is also a prominent theme in pop culture in the West. Luxurious and excessive lifestyles are in, perpetuated by "blinged out" rap artists and rock stars who own multiple houses, and drive unnecessarily large and expensive sport utility vehicles and sports cars. Pop music has evolved throughout the 20th Century, and has now gotten to a point where it's not just music, but an industry. Singers are actors and vice versa. To make it big in the music industry you not only have to have talent, but a strong business sense, and your own clothing line, of course.
Even when one becomes an artist in the industry, there are many troubles that go along with the tag of being a recording artist in the urban division. One example is seen in the article, “The Business of Rap: Between the Street and the Executive Suite” by Keith Negus, where columnist, J.R. Reynolds, mentions the closing of the urban division at Capitol Records in 1996, calling it “the systematic extermination of black music at Capitol Records”, saying that it did not make any sense because the genre was doing well in the market (528). The black music division is often subject to this kind of cutting compared to others. Negus also states that “despite the influence of rap and hip hop on the aesthetics of music, video, television, film, sport, fashion, dancing and advertising, the potential of this broader cultural formation to make a contribution to music industry business practices is not encouraged” (534). The sad fact of the matter is that this is true. It is almost like the larger companies take from the smaller urban divisions in order to make themselves look better without giving credit where it is due and in turn, because those companies are not seen to be doing well in the market, they are dropped from the label. Ted Swedenburg explains this in the article “Homies in The ‘Hood: Rap’s Commodification of Insubordination”, when he states that “while the major academic rock critics usually acknowledge black musicians’ essential contributions to pop and occasionally write sympathetic a...
For entrepreneurs whom are willing to accept the risk associated with starting a business, some have made themselves extremely wealthy. Although our economy is focused on capitalism as a means of promo...
What makes the Entrepreneurs different is that they are more than willing to work, they set a path and start taking it, they stop dreaming about it and make it happen no matter
An entrepreneur is someone that starts up their own business. Mark Zuckerburg became an entrepeneur because of his social networking site called Fackbook. It all started in his college dorm in 2004 at Harvard University. He made a website called Facesmash for Harvard students only. This site let you vote on which two students from Harvard were “Hot or Not”. Then he started making “TheFacebook”, which was the name of facebook when it started.Soon he soon changed it to just “Facebook”. A man named Peter Theil was the first to invest in the company for 10.2% of the company. Zuckerburg branched out to more private schools, then next thing you know the site was all over the U.S. They made their money by letting ads be on the site. The companies pay facebook to put ads on the site, then Facebook makes money. The company went public in 2012 to the stocks. This was big. They would make even more money. It was risky, but Zuckerburg did it.
Many of today’s youth like the fashion and glamour that comes with being a famous musician. Today's youth get there fashion ideas from seeing what these superstars wear and support. They help shape the way these children think just by what they are wearing . For those who cannot afford the same things there are other ways to look like there favorite acts. Musicians are like eye candy and it is appealing. If you think about I would rather have today’s youth by clothing and cd’s then other things. So they are setting and example and helping other forms of business as well.
Over the centuries, civilization has had a prevailing number of successful entrepreneurs. From Steve Job’s technology revolution to Walt Disney’s lucrative entertainment business; such are those who revolutionize their own self-made businesses, cultivating it to reside in today’s thriving marketplace. But beyond this substantiality lies an even more intriguing question: “Are [such] entrepreneurs a special breed, born into this world with a drive and need to succeed […], or can they be created through education, experience and mentorship?” (Daley 2013, p. 65). Evidently, this deep-seated debate over whether successful entrepreneurship stems from nature or nurture has resulted in a division of sentiment.
Success in entrepreneurship is one of daunting challenges and resilience it takes an incredible effort, know-how not leaving out social connections , grit and focus . One obvious reality as an entrepreneur is the high risk exposure . Entrepreneurs like artists originate novel ideas that are rejected and go unappreciated before the world warms up and embrace their uniqueness. Your ability to move from one failure to another without the loss of enthusiasm is what cumulates into profound success. Through my own personal observation and interviews with successful entrepreneurs, there are a couple mind techniques that entrepreneurs need to embrace early in
Entrepreneurs exist due to consumers wanting something new and relevant, which will also make an impact in the market place. Entrepreneurship is about individuals recognizing a need for a commercial application and being able to innovate their ideas to meet the needs of the consumer (Baron & Shane, 2008). On average, there are over 1400 billionaires in the world, and of those 960 are entrepreneurs who were successful, while the rest were fortunate to inherit their wealth (Vital, 2013). If we focus on the 960 and how they made their fortune we find out they became billionaires from either a single or multiple business ventures. The majority of the 960, which equates to 830, owned more than one business, and remaining 130 managed only one company. Therefore, the most top earning entrepreneurs in the world are most likely to be serial entrepreneurs, and being very successful innovating ideas that consumers like (Vital, 2013). Entrepreneurship is essential for the global economy and the success of future growth in small and large business as they exploit the need for new services and products. The growth within entrepreneurship will also drive employment growth and hopefully stabilize the global economy by increasing wealth in the middle class.
According to Forbes, being an entrepreneur is not about starting a business or the person but rather it’s about a set of characteristics which is a way of thinking and doing things: innovative and creative, flexible and adaptive, active and dynamic, someone who thrives in an unstructured environment, people and team focused, prudent with costs, decisive.
Many people dream of becoming entrepreneurs someday. But it made me realize that there other factors that needs to be taken into consideration. We need to ask ourselves are we ready to take the challenge to the outside world. Not everyone have the vision, innovation and creativity to become an entrepreneur. The individual must have a positive attitude and accept the responsibility, have discipline to meet their goals, and take action when the opportunity presents itself. Many prefer a job security and rely on a weekly paycheck, while entrepreneurs will take risks and doesn 't have that luxury to know the amount of their income.
Entrepreneurship is considered an individual or organisational level behavioural phenomenon, or a process of emergence (Gartner et al 1992). Entrepreneurs can be described as a person who has possession of enterprise or venture and will take risks to seize an opportunity if it exists within an organisation. An entrepreneur is usually the owner and operator of a business which places more expectation on financial profit and other rewards a business may generate.
“Entrepreneur is defined as a person who starts a business and is willing to risk loss in order to make money.” (Merriam-Webster.com) Since before the Great Recession, economists have recognized how important entrepreneurship is to the health of the U.S. economy. (Strangler)
In today’s ever changing economy, people are now more accepting of entrepreneurship as a career. Although many entrepreneurs state different motivations for starting a new business such as passion, career freedom, a cause or profit they all face the same financial, regulatory and legal obstacles.
More people are becoming entrepreneurs. They want to be self-employ or own the business. The difference between our generation and our parents are as parents will choose to work at the big corporation, unlike new generation that looking forward to owning a business. Being a business owner you can set your own schedule, creating your own rule and planning for business to be successful. Many people do not want to work under the company and they want to earn money more than just salary as if you are a self-employed you can totally get all the income but meanwhile you have to know your limit and budget on your