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Tag: new economy

Why You Must Become An Entrepreneur

Why You Must Become An Entrepreneur

If anyone has lately been searching for a job lately it soon becomes clear that it’s not just startups that do not want traditional employees, Google does not want them, small businesses don’t want them, agencies don’t want them.

Becoming an Entrepreneur

Who do they want then? Entrepreneurs

And companies are using lots of resources to get them.

For example 30% of large tech companies have already set up a seed fund to provide capital for startup entrepreneurs. In the administration of traditional companies, entrepreneurship is more sought after than ever before in history. The use of the term “intrapreneur” dates back to 1992, but it is historically at the present era that intrapreneurship has become a global phenomenon with companies hiring entrepreneurs-in-residence, holding “hackathons”, which are company-wide startup competitions, and encouraging employees to work on creative projects by allowing them a percentage of their regular hours to learn entrepreneurship.

The entrepreneurial worker has become a popular person. However, the question is then, Where does that leave employees who were molded in the tradidional way, the ones that you could tell what to do and they would do it. Does that literally mean that everyone needs to become an entrepreneur?

The robot model wherein employees just do what they are told is quickly becoming outdated.

Consider an appliance building factory. You can either hire two people at $50,000 per year or buy a robot for $100,000 that will serve you for 15 years, with no coffee breaks, 365 days a year 24 hours a day and no absences due to Illness and the like.

No wonder robots are catching on. The current world robot population is around 10 Million. In South Korea, where the highest number of industrial robots exist there are 347 robots per 10,000. How valuable are these robots? By 2030 it is estimated that robots will perform as well as humans at most manual jobs. That means that it would be good to look into the future and consider our job prospects, whether our jobs will still exist in 10 years.

The good news is that there is one quality that robots don’t have — a human factor- which distinguishes robots from entrepreneurs. Entrepreneurs have the capacity to understand humans, to know the problems humans are faced with and to be able to create value out of nothing.

Suppose You Don’t Want To Become an Entrepreneur

What if entrepreneurship just rubs you the wrong way? You are a very good at what you do and you just want to keep things the same? Ok, then let’s suppose in your lifetime there will not be any robots able to do what you do. Well, there is another problem you have to deal with: other people. There are people living in other countries who are willing and able to carry out the same work you do for less, being the same level of a specialist as you may be. In many areas of work roles does not matter if other people live elsewhere. And here is a compelling statistic; wherever you live, there are probably other nations where the type of work you do is cheaper. For example, IT coders from Russia code for 3 times less money than American coders. If we consider India, the rates would be even cheaper. But what about the newly emerging labor sources?

If there might be any safe haven from this entrepreneurialization of labor, it might be that your creativity would prevail to preserve your merit. If it falls to you to be creative perhaps this would preserve your particular niche of employment. However you must consider that an entrepreneurial creative type person would probably try to leverage his creativity outside his main job, so that he would receive more recognition as being someone who is considered to be creative. This creative aspect could be manifested in blog posts, an interesting ebook or an exceptional profile on LinkedIn.

So everything resolves to this: you need to be someone who can create their own opportunities and market the result. That’s entrepreneurship. If you happen to be a mid-level manager, you’ll never rise to the top unless you are able to create substantial value for the company, measured by profit. That’s what it means to sell. And if you don’t want to rise in the ranks, then sit tight, your replacement will probably be someone more dynamically entrepreneurial.

For those who are not happy about this turn of events, this state of affairs is actually a betterment of the workplace. The world is becoming better, but in order to stay competitive you only have to do one thing; you have to change with it — and the best way is by learning to become an entrepreneur.

Alan Zibluk Markethive Founding Member