Tuesday, January 15, 2013

Entrepreneurs.Two Types

There are second generation entrepreneurs like Murdoch and Trump who build on pre existent structures inherited geneologically ie in Murdoch's case his father was in the print business owning magazines and periodicals which he then expanded into his vast empire we know today.Likewise Trump took over his father's real estate holdings as far as I know and from there expanded into his building empire as well.Then we have first generation entrepreneurs like Branson who build from the ground up,starting with nothing other than a good environment of parental encouragement,one example of which being when the young Branson was coming home from a family trip in the car and his parents dropped him off miles from home and told him to find his own way back.He recounts the story in his autobiography of wading through streams and climbing over mountains and eventually reaching home,muddied but triumphant.His parents obviously viewed this as character building although in today's climate it would probably be counted as child abuse.Obviously the ground up entrepreneurs are to be most admired rather than the second handers to give another example of which would be Deborah Meadon of Dragon's Den provenance who took over her parent's holiday resort business and then went places with it.Speaking of the TV series a firsthander from the same series would be the woman with the name that escapes me! who built her haulage empire from scratch and whose name I will retrieve in due course.

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