Every company or business needs to have some type of leader in order to be successful.Startup companies are no exception to this rule. A startup is a firm that is in the first stages of development and has very little history or track record. As with every other type of company or business startup organizations must have a president or main person in charge.
Over the past couple of years startup presidents have come under some scrutiny as to whether or not they are really interested in entrepreneurship or cultural vultures looking to feed off of a weak economy. While the question is one that experts will be debating for many years, there might be some facts that cause people to sway one way or the other. Here is a comparative analysis of startup presidents as entrepreneurs and as cultural vultures.
The Entrepreneurial Side of Startup Presidents
A startup president that enters the business world with the idea that any risks that comes with running a business will fall upon themselves can be considered an entrepreneur. These leaders will generally enter the business world with a solid plan that is rooted in facts. These plans are focused on the here and now but also have long-term goals in mind.
Due to the fact that these businesses are just starting up the president will require people to invest in their company to help it launch. However, the whole business structure is not dependent upon these investors and there is always a backup plan. When a business leader takes on the entrepreneurial side of the startup they assume a lot of risks and are committed to making the company work regardless of investor interest or the amount of money that could be made.
The Cultural Vulture Aspect of Startup Presidents
Many startup presidents have gained the reputation of cultural vultures. This idea stems from the time startup companies first came into existence and many people fed off of cultural trends. These firms appeared out of nowhere and had one goal in mind which was to achieve the most money regardless of the risks involved.
These companies were generally ones that had no business plans in place and worked at gaining investors who are interested in making quick cash by investing in a company that could potentially make them millions. The problem was that due to the poor business plan setup these companies generally fell and the only person that made any money was the president of the company.
While the idea stems back from the early days of startup companies many new businesses continue to operate under this plan and try to feed off of unsuspecting investors.
The question that remains is “Are Startup Presidents Entrepreneurs or Cultural Vultures?” As the comparative analysis shows the answer is not as black and white as many might think. A startup president is just as likely to be an entrepreneur as they are of being a cultural vulture.
The answer to whether they are one or the other lies in the business structure of the individual organisation and can vary from company to company. Which side are you on?
This is a guest post by Jennifer Williams.Jennifer is a writer, turned traveler, turned blogger. She has traded in her nomadic ways for a laptop and comfy couch. Find her on Twitter- @JtotheWilliams.