Skip to main content

Entrepreneurs, like artists, are born.


I have been thinking as to why are finance professionals so not entrepreneurs  Prima facie this flies against the known wisdom of finance professional being risk-takers and this is very true. However, is risk-taking all and the only thing about entrepreneurship  I am sure not. Being able to take risks is good part of the entire entrepreneurial skills. I am, at this juncture, forced to rant about this because of few distinct behaviors I have noticed over years.

First, its hard to convince a finance professional to quit their jobs and strike out. And it is almost impossible to get them to collaborate with others. No, it is not about the competition (as I will show you now) and reluctance of collaboration could be because of the huge financial responsibilities on each individual. But when you compare this groups of people with other groups, we can't but marvel the need for more collaboration than is happening right now. All the 'collaboration' / team works are happening only in large organisation and not in entrepreneurial ventures. I am not sure if this means that small companies don't have any place in financial industry but I would not be that pessimistic.

Second, its a wonder how beautifully artists seem to take risks and collaborate, even though their outputs are every bit more individualistic than other industry. A artist creating a work is like putting a part of his thought or himself out to the scrutiny of the world. When a work is collaborated, the individuality signatures disappear in its place comes a creature which is a thought and signature of all the people involved! There are and will forever be squabbles but however, it somehow never dissuades artists from getting into collaboration again. Artists are simply, highly collaborative. It could be because art is a very competitive space. 

My guess, almost a certainly to be proven right hunch, is that we have to be like artists in future to have any success in businesses of tomorrow. The businesses are very competitive and specialized to be under the control and guidance of one or few individuals. This, somehow seems what is very much essential for the financial industry than anywhere else! That's a contradiction. 

[I may be wrong and admittedly my experience in collaboration with other financial executives have not been shining bright  but at the same time I am compelled to say how easy it is to collaborate with artists, or people with artistic mind-sets really, to work on any project.]

I am sure it has something to do with the view of the world. And many more reasons that we can deduce. The point of the post is simply to highlight the stark difference in culture across industry.

Comments

Post a Comment

Popular posts from this blog

How-to overcome sendentary lifestyle.

Some interesting points on overcoming sedentary lifestyle. There are many other routine ones, just try googling that. 1. Some not so routine tips on avoiding the sedentary lifestyle 2. Walking while talking on phone is a good way to get expressive and burn calories too. 3. Don't use the phone to call someone a short walking distance away. Walk and visit whenever possible. Same for grocery shopping. 4. Catch a different bus that makes you walk a bit more. You can catch a bus from a different stop, a little farther from your regular stop. 5. Pacing the length of the subway platform whenever the train/bus is late. 6. Dance Source: from various places on net
Post a Comment
Read more

Cognitive rules of business presentations

In his recent book, Clear and to the Point, Kosslyn explained that the four rules of PowerPoint are: The Goldilocks Rule, The Rudolph Rule, The Rule of Four, and the Birds of a Feather Rule. Here's how they work. The Goldilocks Rule refers to presenting the "just right" amount of data. Never include more information than your audience needs in a visual image. As an example, Kosslyn showed two graphs of real estate prices over time. One included ten different numbers, one for each year. The other included two numbers: a peak price, and the current price. For the purposes of a presentation about today's prices relative to peak price, those numbers were the only ones necessary. The Rudolph Rule refers to simple ways you can make information stand out and guide your audience to important details -- the way Rudolph the reindeer's red nose stood out from the other reindeers' and led them. If you're presenting a piece of relevant data in a list, why not mak...
Post a Comment
Read more

Definition of Cult Stocks

From a blog: A classification describing stocks that have a sizable investor following, despite the fact that the underlying company has somewhat insignificant fundamentals. Typically, investors are initially attracted to the company's potential and accumulate positions in speculation that its potential will be fulfilled, providing the investors with a substantial payout. While most of these cult stocks promise they will be the next big story after they make a new discovery or get the newest contract from the government, most do not provide investors with anything other than the story. Furthermore, these stocks typically generate very little, if any, revenue at all. For example, many micro-cap biotech stocks are cult stocks. While they promise that they are going to be working on a miracle compound or drug, most of them do not have any source of income as they slowly burn away their initial capital in research and development. However, some cult stocks do occasionally make good on...
Post a Comment
Read more