SBANC
Newsletter
March
21, 2006
Issue 413-2006
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QUOTE
"The
entrepreneur in us sees opportunities everywhere we look, but
many people see only problems everywhere they look. The entrepreneur
in us is more concerned with discriminating between opportunities
than he or she is with failing to see the opportunities."
-- Michael
Gerber
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FEATURE
PAPER
Ethical
Entrepreneurs: An Oxymoron?
The
following paper was presented at the 2005 ICSB 50th World Conference
held in Washington DC. It was written by Mary Ann Keogh Hoss,
Sandra L. Christensen, and Robert G. Schwartz of Eastern Washington
University.
Abstract
This
paper presents the results of a survey of early-stage incubator
sited entrepreneurial firms. Firms were asked about their views
on ethics and the ethical climate of their organizations. Results
indicated that respondents tend to think of themselves as ethical
and do not feel they
must sacrifice their ethics to succeed in their ventures. The results
also show that most earlystage entrepreneurs have a code of ethics that
is communicated to employees. Contrary to anecdotal and theoretical suggestions
that entrepreneurs are by nature more likely to “bend rules”
and act unethically, these results lend support to studies that have
found that entrepreneurs are more ethical.
Read
the Entire Paper...
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CONFERENCES
WLI
|
| Who: |
Women's
Leadership Institute of the College of Management
and Business at National-Louis University
|
| What: |
2nd
Annual Women's Leadership Conference
|
| Where: |
Holiday
Inn at Tysons Corner in McLean, Virginia, USA |
| When: |
April
1, 2006 |
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CUPEM
|
| Who: |
The
Centre of Urban Planning and Environmental Management
|
| What: |
The
12th Annual International Sustainable Development
Research Conference 2006
|
| Where: |
Hong
Kong Convention and Exhibition Centre in Wanchai, Hong
Kong |
| When: |
April
6-8, 2006 |
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|
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OGB
|
| Who: |
Office
of Global Business
|
| What: |
Seventh
Annual Global Automotive Conference
|
| Where: |
Bowling
Green, Kentucky, USA |
| When: |
April
11-13, 2006 |
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IPSI
|
| Who: |
Internet,
Processing, Systems, and Interdisciplinary (Research)
|
| What: |
IPSI
2006 - Spain
|
| Where: |
S'Agaro,
Costa Brava, Spain |
| When: |
May
4-7, 2006 |
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|
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ESBRI
|
| Who: |
Entrepreneurship
and Small Business Research Institute
|
| What: |
14th
Nordic Conference on Small Business Research
|
| Where: |
Stockholm,
Sweden |
| When: |
May
11-13, 2006 |
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CALLS FOR PAPERS
IBAM
|
| Who: |
Institute
of Behavioral and Applied Management
|
| What: |
14th
Annual IBAM Conference
|
| Where: |
Memphis,
Tennessee, USA |
| When: |
October
5-7, 2006 |
Submission
Deadline:
April 12, 2006
|
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SMA
|
| Who: |
Southern
Management Association
|
| What: |
Annual Meeting
|
| Where: |
Hilton
Clearwater Beach Resort, Clearwater Beach, Florida,
USA |
| When: |
October
25-29, 2006 |
Submission
Deadline:
April 14, 2006
|
|
|
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SBI
|
| Who: |
Small
Business Institute
|
| What: |
Mid
Year Meeting
|
| Where: |
Louisville,
Kentucky, USA |
| When: |
October
12-15, 2006 |
Submission
Deadline:
May 15, 2006
|
|
|
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ISBE
|
| Who: |
Institute
for Small Business & Entrepreneursip |
| What: |
29th
Annual Conference
|
| Where: |
University
of Glamorgan in Wales, UK |
| When: |
October
31-November 2, 2006 |
Submission
Deadline:
May 31, 2006
|
|
|
|
Association
for Small Business and Entrepreneurship
|
| Who: |
Association
for Small Business and Entrpreneurship (ASBE) |
| What: |
Fall
Conference
|
| Where: |
Best
Western in Corpus Christi, Texas |
| When: |
November
1-3, 2006 |
Submission
Deadline:
August 1, 2006
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TIP
OF THE WEEK
The Payoff of
Entrepreneurship
What might
cause you to consider running your own business? Clearly, different
individuals seek different types of rewards or some combination
of rewards. In some cases, the true nature of a person’s
motivations may not be recognized. Consequently, an attempt to
classify individuals’ various motivations for embarking
on an entrepreneurial career will, at best, identify only some
of the more obvious reasons that people seek self-employment.
Nevertheless, here are five comman motivations.
Make
Money (Profit)
Like any
other job or career, entrepreneurship provides for one’s
financial needs. Starting one’s own business is a way to
earn money. Indeed, some entrepreneurs earn lots of money. How
much money should an entrepreneur expect in return for starting
and running a business? Certainly, some profit is necessary for
a firm’s survival. Some entrepreneurs work just to have
adequate profits to survive, while others receive a modest income
for their time and investment. From an economic perspective,
however, the financial return of a business should compensate
its owner not only for his or her investment of personal time
(in the form of a salary equivalent), but also for any personal
money invested in the business (in the form of dividends and
increased value of the firm). That is, entrepreneurs should seek
a financial return that will compensate them for the time and
money they invest and also reward them well for the risks and
initiative they take in operating their own businesses.
Be
Your Own Boss (Independence)
Freedom to
operate independently is another reward of entrepreneurship..
Like these entrepreneurs, many people have a strong desire to
make their own decisions, take risks, and reap the rewards. Being
one’s own boss can be an attractive ideal.
Of course, independence does not guarantee an easy life. Most entrepreneurs
work very hard for long hours. But they do have the satisfaction of making
their own decisions within the constraints imposed by economic and other
environmental factors, including undesirable working conditions. And
they must remember that the customer is, ultimately, the boss.
Escape
a Bad Situation (Freedom)
People sometimes
use entrepreneurship as an escape hatch, to free themselves from
an undesirable situation. Some may wish to leave an unpleasant
job situation, while others may seek change out of necessity.
After layoffs, for example, unemployed personnel with experience
in professional, managerial, technical, and even relatively unskilled
positions often contemplate the possibility of venturing out
on their own.
Various other unpleasant circumstances can also serve as seedbeds for
entrepreneurship. A professor may find that the processes of academia
have become boring, or an immigrant may see entrepreneurship as a means
of overcoming discrimination or limited employment opportunities.
Enjoy
a Satisfying Life (Personal Satisfaction)
Entrepreneurs
frequently speak of the satisfaction they experience in their
own businesses; some even refer to their work as fun. Part of
their enjoyment may derive from their independence, but some
of it reflects an owner’s personal gratification from working
with the firm’s products and services—the pleasure,
for example, that a ski shop operator gets from talking to other
skiers about the sport and equipment related to it. An entrepreneur
may also enjoy being the boss, attending Rotary Club, and serving
as a civic leader in the community.
The reward, then, may derive from a pleasurable activity, from enjoyable
associations, from respect in the community, or from some other aspect
of the business. For many entrepreneurs, the life satisfaction they receive
is much more important than money or independence.
Contribute
to the Community (Personal Fulfillment)
Some people
are drawn to entrepreneurship by their desire to do good, to
make some positive contribution to their communities. In many
cases, this impulse is merely one element in a mix of motivations.
In some endeavors, however, it is a particularly strong force
behind the thinking of the entrepreneur.
| Justin
Longenecker, et al, Small Business Management: An Entrepreneurial
Approach, 13th edition, South-Western Publishing Company. |
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The
SBANC Newsletter is provided as a service to the members of our
affiliates: Academy of Collegiate Marketing Educators (ACME), Association
for Small Business & Entrepreneurship (ASBE), Federation of
Business Disciplines (FBD), International Council for Small Business
(ICSB), Institute for Supply Management (ISM), The International
Small Business Congress (ISBC), Marketing Management Association
(MMA), Small Business Administration (SBA), Service Corps of Retired
Executives (SCORE), Small Business Institute (SBI), Society for
Marketing Advances (SMA), United States Association for Small Business & Entrepreneurship
(USASBE), U.S. Department of Veterans Affairs (VA).. If you are
interested in membership or would like further information on one
of our affiliates, please see our web site at http://www.sbaer.uca.edu
SBANC STAFF
Main Office Phone: (501) 450-5300
Dr.
Don B. Bradley III, Executive Director of SBANC & Professor
of Marketing;
Direct Phone: (501) 450-5345
Ashley
Ford, Development Intern
Garion
McCoy, Development Intern
Brandon
Tabor, Development Intern
Tyler
Farrar, Development Intern
To subscribe or unsubscribe to the
SBANC Newsletter, please E-mail SBANC at sbanc@uca.edu
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