Entrepreneur In Training: May 2011

Sunday, May 22, 2011

The #1 thing that customers don't want from celebrity spokes people is to do drugs.
It is estimated that Michael Phelp's bong hit cost him ~ $10M

new vocab: Madison & Vine= Madison Avenue (in NYC- place where ad agencies are) + Hollywood &Vine (in LA- place where movies are made) signifies advertising plus entertainment

Friday, May 13, 2011

Wonderlust and Water Blog- Jaynie

http://wanderlustandwater.wordpress.com/

So I mentioned this book I'm reading "More Than Good Intentions" and wanted to share a couple of paragraphs with you...it builds on the idea that perhaps not everyone in a developing country is a budding entrepreneur...or are they?

"The fact is that most microfinance clients are entrepreneurs not by design, but by necessity. Most developing countries lack social safety nets like unemployment checks or food stamps; if you want to eat you have to work. And since there simply are not enough salaried jobs to accommodate everyone who needs to make a living, people go into business for themselves.

This is a far cry from the American notion of entrepreneurship, which evokes images of people who break out form the crowd because of their energy, independence, creativity, and drive. I do not mean to say that entrepreneurs in developing countries lack these characteristics. Quite the opposite: Were it not for an abundance of determination and ingenuity, a great many of them wouldn't survive at all. But if you ask them, most would concede that building and running their own business wasn't their top career choice. Conversely, entrepreneurs anywhere, who exhibit that extraordinary dynamism and drive we so often imagine would surely attest that their line of work is not for everyone."