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	<title>Colin J. Smith &#187; entrepreneurship</title>
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		<title>Colin J. Smith &#187; entrepreneurship</title>
		<link>http://colinjsmith.com</link>
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		<title>Sunday links:</title>
		<link>http://colinjsmith.com/2009/09/20/sunday-links/</link>
		<comments>http://colinjsmith.com/2009/09/20/sunday-links/#comments</comments>
		<pubDate>Mon, 21 Sep 2009 03:05:51 +0000</pubDate>
		<dc:creator>Colin Smith</dc:creator>
				<category><![CDATA[breaking news]]></category>
		<category><![CDATA[Bond Defaults]]></category>
		<category><![CDATA[entrepreneurship]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[Online Advertising]]></category>

		<guid isPermaLink="false">http://colinjsmith.com/?p=381</guid>
		<description><![CDATA[Why You Need to Invest in Oil Right Now (Esquire) Pricing Tensions Shake Up Web Display Ad-Market (WSJ) Forty percent of U.S. junk bonds to default by 2013: BofA (Reuters) From Nothing To Something. How To Get There. (TechCrunch)<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=colinjsmith.com&amp;blog=7237236&amp;post=381&amp;subd=colinjsmith81&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Why You Need to Invest in Oil Right Now (<a href="http://www.esquire.com/features/portfolio/invest-in-oil-1009">Esquire</a>)</p>
<p>Pricing Tensions Shake Up Web Display Ad-Market (<a href="http://online.wsj.com/article/SB125348067086625949.html#mod=WSJ_hps_sections_tech">WSJ</a>)</p>
<p>Forty percent of U.S. junk bonds to default by 2013: BofA (<a href="http://www.reuters.com/article/pressReleasesMolt/idUSTRE58G61720090917">Reuters</a>)</p>
<p>From Nothing To Something. How To Get There. (<a href="http://www.techcrunch.com/2009/09/20/from-nothing-to-something-how-to-get-there/">TechCrunch</a>)</p>
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		<title>Entrepreneurship vs. working for somebody else</title>
		<link>http://colinjsmith.com/2009/05/02/entrepreneurship-vs-working-for-somebody-else/</link>
		<comments>http://colinjsmith.com/2009/05/02/entrepreneurship-vs-working-for-somebody-else/#comments</comments>
		<pubDate>Sun, 03 May 2009 05:05:10 +0000</pubDate>
		<dc:creator>Colin Smith</dc:creator>
				<category><![CDATA[Colin Smith]]></category>
		<category><![CDATA[business strategy]]></category>
		<category><![CDATA[corporate development]]></category>
		<category><![CDATA[entrepreneurship]]></category>

		<guid isPermaLink="false">http://colinjsmith.com/?p=166</guid>
		<description><![CDATA[I&#8217;m about half-way through my business school experience and so far, it has been a good one. I have learned a tremendous amount and I feel content and secure with that. However, as I look to the horizon with the end of all this coming into view, I can&#8217;t help but wonder at where it [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=colinjsmith.com&amp;blog=7237236&amp;post=166&amp;subd=colinjsmith81&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m about half-way through my business school experience and so far, it has been a good one. I have learned a tremendous amount and I feel content and secure with that. However, as I look to the horizon with the end of all this coming into view, I can&#8217;t help but wonder at where it all leaves me. </p>
<p>My primary ambition is to own my own business entity. That could be something that eventually becomes a large company employing a large number of people, or, it could be just me, working on a singular basis for a select group of clients. Honestly, I think I would enjoy certain aspects of both. </p>
<p>The benefits of entrepreneurship are clear: With self-guided business strategy and not having to answer to a boss, you eat what you kill. While that my be too intimidating for some, I think I would enjoy it. It is however, a very risky and a very difficult way to live. Nothing is guaranteed and most businesses fail. That is statistically proven. But some businesses thrive, and those that do achieve a level of success and prestige that they earned and are entitled too. </p>
<p>On the other hand, working for a company isn&#8217;t all bad, In fact, its what the overwhelming majority of people do. While I didn&#8217;t experience this in my first couple jobs, it is possible (reportedly) to be wildly productive and achieve financial success while working in another person&#8217;s organization. Large public companies have substantial financial resources and established market share. They offer what a start-up cannot, namely job security.</p>
<p>Entrepreneurship seems to be a reflection of risk-tolerance. I wonder if attraction to risk is a learned trait or something derived from a person&#8217;s genetics. Either way, risk is fun:) Staying on the well-trodden path is not:(</p>
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