Sunday, December 11, 2005

Money

Built to Flip: "We have arrived at a unique moment in history: the intersection of an unprecedented abundance of capital and an explosion of Internet-related business ideas. But, for all of the incredible opportunities unleashed by this combination, there is one monumental problem: The entrepreneurial mind-set has degenerated from one of risk, contribution, and reward to one of wealth entitlement. We all have friends and colleagues -- often mediocre friends and colleagues at that -- who have struck gold after 18 or 12 or 6 months of work in a built-to-flip company. And we have all entertained the thought 'I deserve that too.' Here's another thought: When I and a lot of other people began talking and writing about the new economy in the early 1980s, little did we know that it would engender what we most despised about the old economy -- an entitlement culture in which the mediocre flourish. . . .

Why on Earth would you settle for creating something mediocre that does little more than make money, when you could create something outstanding that makes a lasting contribution as well? And the clincher, of course, lay in evidence showing that those who opt to make a lasting contribution also make more money in the end."
Do Something Special With Your Life

Former Stanford Graduate School of Business faculty member Jim Collins is asking the right question: "Why on Earth would you settle for creating something mediocre that does little more than make money, when you could create something outstanding that makes a lasting contribution as well?"

Making money isn't all that difficult. When it comes to building a business, we in Europe and the US have a misery of choice. Money is important, but most legitimate opportunities offer more than enough financial recompense to fund a comfortable lifestyle. However, not every opportunity offers a purpose beyond, but not without, profit. Social enterpreneurship does.

Of course money is important, but it isn't the only thing that is important. If you were offered the choice between earning £50,000/yr selling lung cancer for a tobacco company as a cigar shop operator, or £45,000/yr for saving children from starvation as a social entrepreneur, which opportunity would you select? Would it make a difference if the choice was between £500,000 and £200,000? I hope not.

This blog has an affiliation the NTC social entrepreneurship opportunity, but we hope to provide all honest social entrepreneurs with ideas and insights that will help them to prosper by creating social and humanitarian good in the world.
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2 Comments:

Blogger Mike McKinley-Good said...

Money isn't everything! In fact once it was nothing! - nothing other than an invention which facilitated more sophisticated trade.

We can become so wrapped up in the pursuit of money, that we forget that what we really seek is a quality of life, we believe, money can provide. Invariably, unless our requirements are purely tangible, money proves disappointing!

We can also forget that the pursuit itself may provide greater benefits than the acquisitions that result.

Sure then, it is better to pursue a life of satisfaction, than a pursuit of money, which may not 'buy' what we want!

9:07 pm  
Anonymous Ann Harris said...

I am organising a walking group which will meet locally every Friday to walk together for 40-60mins. The idea is to get fit and to raise funds for Vitameals. Everyone will contribute £1 each week and we will have fun exercising together, helping ourselves whilst helping children in need all around the world. The money is important to help to feed the children but the personal fitness improvements and social bonds we make will be an added dimension of satisfaction. This idea can be duplicated anywhere. Why not give it a go in your area?

1:21 pm  

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