Entrepreneurship : Its mostly about sharing and helping and not only making money

by Ashvini on October 3, 2011 · 22 comments

in Entrepreneurship

Chatting with a friend on Facebook about why money has become the end all of every activity that we do, I came to a conclusion that money is the prime factor for motivation to work these days.

Sharing is the entrepreneur 's way

The proliferation of “make money online” blogs is a case in example. There are many a people on the internet who flaunt their money making skills. They have put make money blogs which in turn leads to many people learning how to make money and put more make money blogs.

I have been to these blogs and I too have tried to learn skills to make money. There is nothing wrong with making money as long as it is not your main agenda. Blogging has put the concept of business on its head. No longer one talks about sharing things, teaching each other. The intention is how to make money and then everything starts from there.

Isn’t this concept a complete antithesis of entrepreneurship? Money is necessary to survival and to buy things we desire. However, entrepreneurship treats money just as a sort of instrument in helping to do something that has never been done before. Entrepreneurs thrive on challenges, on making things work to their advantage, on helping others. Money is largely off agenda and it is just a tool to help them to get where they want.

A true entrepreneur probably would like to start first by believing that he/she can do something in a better way . Thomas Alva Edison probably never cared about who would buy his innovation ( the lightbulb) before he actually created it. It was a selfless effort. Edison would have become millionaire is immaterial to the fact that he tried 10000 times and failed before he got it right. No amount of money could persuade him to try so many times.

Richard Branson, one of the greatest entrepreneur today clearly does not speak about money when he talks about his companies he created or journey he undertook in life.

A business has to be involving, it has to be fun, and it has to exercise your creative instincts.
Richard Branson

Why money act so much as a motivator ?

I think money has a lot to do with the fact that it gives pleasure to be rich, to own things and to sometimes show off. I am not advocating that we should not look forward to earning money at all. Without it , we will not be able to do many things we like and pleasures of life.

In a conference about entrepreneurship that I was participating in last year, one could read from the faces of most of the wannabe entrepreneurs that they wanted to be rich. They talked about funding issues and offering services cheaply to their customers so as to start earning fast. When the convener asked about their products that they would sell to customers, most of them struggled to put their ideas into words.It was clear that money occupied much bigger space in their mind than their desire to help others and create new products.

I think money as a end to the venture that we are trying to create, is surely going to lead us not much farther down the road. There are a few people who really have made “Making money” as their ultimate goal but that definitely is not what is defined as entrepreneurship.

Entrepreneurship is more about making yourself useful to the world,sharing with others, helping them and in the process gaining something.

What is your opinion of entrepreneurship? How much of a role money should play in the overall scheme of things?

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{ 20 comments… read them below or add one }

Ferdinand November 3, 2011 at 7:08 am

Entrepreneur is no less than the man with great idea of surviving, ready to try and see risking his money knowing that there is a probability of success and failure in every business but, won’t get scared away by that because he knows that business is a game if you can play better, always in love with sense of ownership, originality, leadership e.t.c
as equated in http://www.whoisanentrepreneur.com
In simplicity; an entrepreneur in normal circumstance is one who starts a business, owns the decisions on how, where, when and when not to run the business, finances and assumes the risks, owns up to himself alone both profit and loss realized, owe no explanations or accounting to any individual or company

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sureshpeters @softwarebuzzer October 11, 2011 at 11:13 pm

Hat off Ashvini… This is the agenda going on these days.. Newbies are never understand this famous logic “blogging for money”=FAIL. people just feeding with blog post not focusing on what they are really doing.. No innovations, no strategy their focus is MONEY MONEY MONEY..

Even about startup i read some where, If a startup is mainly focus on Fudning it will really fails.. so instead of focusing on funding, they can spend same time in innovative working model of their startup and funders will run behind them tat sure :)

sureshpeters @softwarebuzzer’s latest article :How To Run Turbo C Full Screen Mode In Windows 7 [working trick]

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Ashvini Kumar Saxena October 15, 2011 at 9:18 pm

Hey Suresh,
Thank you so much for such wonderful comment.
I think there is no one better than you to understand about all these things as you are embedded with a lot of fellow bloggers and entrepreneurs. Money as a focus is never good. One first need to develop a focus about helping people. Your blog does that and it is really great.
I am happy that at such a young age you have the priorities and concepts right.
Keep it up bro :)

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Daniel October 9, 2011 at 11:38 pm

Hi Ashvini,

Great post here. I’ve always been a strong believer in the “law of reciprocity”. I’m not sure if there is such a law, but it’s a law that I’ve been taught since young, by my parents.

I’ve always been taught that whatever one takes, he should return, if not directly, indirectly, through some form or the other. And I’ve been living my life and trying my best to abide by this law. Initially, when I grew old enough to think of stuff and reason things out in my own head, I started doubting the basis of why one should give back to whomever contributes to him, when he can just hoarde all knowledge, information, and well being.

However, after much reflection and experiences, I began to realize that we share not because we have to share. Instead, we share because it is in us humans to share. We’ve always been sharing beings, since the start of mankind. Without sharing, we definitely won’t be in the state we are now.

Likewise, being an entrepreneur does not just entail finding the best and most effective strategy to amass the largest amount of wealth as possible in the shortest possible time. Instead, we have to realize that entrepreneurship entails a great deal of sharing, and if we look at the most successful entrepreneurs of today, they’re all contributing back to society in large amounts, one way or the other.

Another lesson that I’ve learnt through experience is that, we always have to invest in others as we would like others to invest in us. Couple that with the “law of reciprocity” and we’re pretty much set to go. Even if we don’t become mega successful entrepreneurs or people in life, we’ll be remembered for being human beings who mattered, and cared, by those that still walk the living earth when we’ve turned to dust.

Once again, thank you for sharing the article with all of us. God bless.

//Daniel

Daniel’s latest article :Array

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Ashvini Kumar Saxena October 10, 2011 at 3:15 pm

Hey Daniel,

Welcome to my blog. I am really happy to read your comment about sharing and entrepreneurship.
I think you have really got the idea of entrepreneurship right. I am really impressed with the part when you say Even if we don’t become mega successful entrepreneurs or people in life, we’ll be remembered for being human beings who mattered, and cared, by those that still walk the living earth when we’ve turned to dust.
That to me is the essence of entrepreneurship. We all cannot be multimillionaires. That would be a physical impossibility. Rather than trying to achieve what seems a far fetched goal I think it is a good idea to concentrate on how we can make others lives better today. That way we can have the reputation that will travel far. I think all the star entrepreneurs understood this and successfully applied to their lives to slowly reach the place where they are today.
Thank you for your insightful comment. I really appreciate.
Best regards,
Ashvini

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Veronica Cervera@south beach condos October 6, 2011 at 10:37 pm

The world of blogging has changed forever indeed since the blogging-for-profit was devised. The fact that one can draw income from blogging has opened a lot of opportunities, especially for skilled writers. However, it’s important to remember what the concept of blogging is all about. Blogging has always been about sharing information, and it will always be. This is why people read blogs. Once readers determined that your blog is there for profit only, I doubt if someone will find it valuable and continue visiting the blog.

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Aswani October 6, 2011 at 5:43 pm

Great post Ashvini. I had a very similar thinking initially while I was new to this blogging thing. Money Making was never ever my aim..to be honest. And of course, there is nothing like being rich. What I believe is very simple, there is nothing wrong in making money from your blog as long as it is not the sole aim behind the same. It was because of advices and recommendations from my friends, I decided to give it a thought and finally, I have it. I want my blog to supplement my income and therefore I have been working on the same though I want to make it clear again – It is not my only aim. I am blogging because I love to express myself doesn’t matter if its nice-based or nicheless. In this 4 years of my blogging, I have learnt a lot and I am still learning. I haven’t been successful with my money making motive but hopefully…fortunes will change…!

I will apply the same rules of blogging with entrepreneurship. Opinions may vary. Finally, it is one’s personal decision..!

Aswani’s latest article :How I dealt with malware infection on my site and my machine ?

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Ashvini Kumar Saxena October 10, 2011 at 3:18 pm

Hi Aswani,

I have known you for sometime now and I can vouch that reason for blogging for you , is to make new friends. You are a connector . Money has its own way but it is not the end of anything.
I love to read your articles and I have seen that you have folks commenting regularly on your blog. Just keep doing it. You will be successful.

Have a great day :)

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Manickam Vijayabanu October 5, 2011 at 11:34 pm

Hi Ashvini,
Wonderful article. I believe the article goes back and forth on positive and negative side about money making. The balance between business for money and enthralled business are different streams and similar to walking on top of knife.

I wish to categorize money at business as two ways: Category #1. Doing business just to make money. #2. Understand the market and facilitate, educate, share with community by proving excellent solutions and motivate people to get in your business, finally where it leads to make money.

Let’s take some real world models as why people run for money. First corporate segment. Commercial film makers, Amway or kind of chain link projects, Large volume traders, stockiest, corporate banks, financial lending firms and so on. The list would be very huge, and you cannot expect anything at this ground other than Money! Money!. Because money is the primary investment here. Social ethics, sharing knowledge bank, and helping community like everything out of picture though some of them project they care about it. Strategy is, Just make money. Life span of these business will never die, since target audience mass is very huge.

Now let’s look new age business. Money making blogs, coupon mountain sites, Complete PCP ad driven sites, Inbound link sellers and other. Just by looking you can nail it, where they are driving you. Make Money! That too, what’s the easiest and fastest way. We can see hell of articles over net which carries title as How to make money. The interesting factor, half of these sites will not sustain for long run. It’s like traditional alkaline AA battery. Once initial power thrust down, It’s ready to go trash can. People doesn’t care about it.

Looking business as passion and just looking for money, both are totally different poles though drive target is same. Google, Apple, IBM, Oracle, Sun, Ford, Honda, IKEA and many other small level players..Its infinite. These real business ardent community never think about short cuts, never think unethical business process, and Importantly never think only Money!. The passion is only their business code. The trust they build at people will bring success as stream for several decades and ever.

Thanks for the nice article.

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Ashvini Kumar Saxena October 10, 2011 at 3:26 pm

Hi Manickam,

Thank you for you comment and my apologies for the delay in response.
I agree with the idea of yours where you talk about making money as a profession. But here too the concept of entrepreneurship apply. While making money is the end goal of number of professional such as stock market enthusiasts but the real players often play this game for fun and not the reason they want to get rich.
Perfect examples of such people are Warren Buffet and Peter Lynch. They have been very successful in stock market but really never cared about money more than a retailer would worry about a pack of tea bag. For the money is a product which they use, sell, buy. They never get attached to idea of money itself.
However Warren Buffet and Peter Lynch often go out and teach people about things they did were right . They provide guidance to newcomers to the finance field.
After all the purpose of business is to make money but then money is not far when people trust us, are ready to take our services.. I think building that trust is the most important thing we need to do.
You have talked about some examples of great companies. They are known for their ethics and trust people have in them.

Thank you for your perspective and really insightful comment. Its always a pleasure to have you here
Best regards,
Ashvini

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Carolyn@The Wonder of Tech October 5, 2011 at 10:11 pm

Hi Ashvini, I couldn’t agree with you more! I once read a book, “Do What You Love, The Money Will Follow.” Unfortunately, the goal of too many people is merely to amass funds. I just heard a 15 year old tell someone that he wanted to work on Wall Street as a trader. Such a sad goal for a boy.

People have talked about the Brain Drain that the best and the brightest just want to make money instead of becoming scientists, doctors and other noble professions.

I see so many “Make Money Online” ads that I wonder if anyone believes them. I agree, people need to make money, but they also need to be fulfilled. I have worked in jobs that seem mindless, but really hated them. I’m not making any money from my blog (yet), but I’m having a blast letting people know about my passion, personal technology!

Thanks for sharing your insightful thoughts with us, Ashvini!

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Ashvini Kumar Saxena October 5, 2011 at 10:39 pm

Hey Carolyn,

I find it really interesting that the world has become so money minded. When I was young( say 15 yr old) , I was busy studying for school or reading some books which teenagers at that time use to read. I can see this changed completely as I see a lot of teenagers today thinking hard about money. I have no problem against this thinking but I wonder if this is only thing on their mind.
Here in India , politicians are busy scamming people every night and day . The fact that there are plenty of issues to be resolved is least on their mind. People too are busy storing money, gold or houses as if there is no tomorrow. I seriously do not know what’s the hurry ;). I have asked them many times and they could not answer. Passion is not high on agenda for most of people , money is .
I love your passion for tech.That is what makes your blog a great tech blog. BTW did you read about the new 35$ tab just developed in India for economically backward. It looks good and hopefully tablets could be purchased by anyone easily now just like mobiles. The fun part is that it runs on Android

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Daria Steigman October 5, 2011 at 8:10 pm

Anyone who thinks entrepreneurship is a road to getting rich quick hasn’t tried to run a business before. I love Christa’s line that “motivation and innovation don’t come from money, they come from the drive within us to create.”

Richard Branson is a good example. If it were all about money, he’d probably have “retired” a long time ago. In fact, it’s his passion for excellence and his willingness to take risks (think about his costly airline battles) that makes him such a great entrepreneur and businessman. Were he dollar-focused and risk-averse, it’s unlikely he’d have had such a successful career.

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Ashvini Kumar Saxena October 5, 2011 at 10:44 pm

Hi Daria,

Always great to see you here.
I really liked your first line entrepreneurship is a road to getting rich quick hasn’t tried to run a business before.. I might have been guilty of that too initially but I soon recognized that it is not the right way and I thus readjusted the course.
Learning from experienced person such as you makes me more confident about this path.
Richard is superb. It seems from his book that he had blast of time, never cared for money and lived his life. The thing that we can learn from his are perseverance and humility. I remembered about the airlines war and how he had to struggle often with bureaucracy.
Thank for your comment. Have a great day :)

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Adrienne October 5, 2011 at 7:58 pm

Great point Ashvini,

I agree as well with Chrysta and Bryce.

To me the definition of a true entrepreneur is their desire to do something different with their lives. To share something with their audience and be creative. Money is not their number one driving force although it is a great end result. Most people dive in to entrepreneurship because they have a vision on how they can help others toward their own goals.

I think at some point in our lives we all learn that if money is the true driving force to why you do what you do, you will either initially fail or acquire the money you had hoped for only to lead a miserable unhappy life.

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Ashvini Kumar Saxena October 5, 2011 at 10:50 pm

Hi Adrienne,
Thank you for your wonderful comment.
Today I was chatting with one of my old classmate and he said entrepreneurship is not worth it. The reason: you don’t earn enough. I told him that job pays well but then there is no fun and if you want to enjoy doing something be an entrepreneur. Why worry about the earning part right now ? Guess he was convinced only a little.
I have seen people who are wannabe entrepreneurs become sad the moment they are denied funding by VCs. I was once denied funding by VC but I did not take it as a negative thing. Instead, I decided to find ways that I could fund my venture in other ways.
Whether it was successful is immaterial because I enjoyed it. In my opinion, learning, having fun, making new friends and contacts is what blogging, entrepreneurship is all about. As you said acquire the money you had hoped for only to lead a miserable unhappy life that is so true :).

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Chrysta Bairre October 5, 2011 at 5:45 pm

Great post, Ashvini! I could not agree more that successful entrepreneurs focus on more than making money or getting rich quick. Motivation and innovation don’t come from money, they come from the drive within us to create.

When we operate from our motivation and innovation, we are far more likely to continue to have great ideas as markets and consumers change. We are also far more likely to find value in our day-to-day efforts because we’re actively living a life that energizes and engages us instead of living for a prize at the end of our life, i.e. retirement.

Money can certainly help us achieve our goals, feel security and have a little fun, but if money is our only reason for doing the things we do… well that life doesn’t sound very fulfilling or happy to me.

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Ashvini Kumar Saxena October 5, 2011 at 10:57 pm

Thank you so Chrysta for providing your perspective on the entrepreneurship. I am glad that it is in agreement with what I have said.

This line is so inspiring and moving
.We are also far more likely to find value in our day-to-day efforts because we’re actively living a life that energizes and engages us instead of living for a prize at the end of our life, i.e. retirement.
The positive energy that gets generated when we help people to achieve their goals often give us great motivation. I think money can never be such a source. I used to earn a salary once . Later it increased to such an extent that I had to be discreet about it. But did my work satisfaction improve? No. Today I enjoy blogging and doing many other things . I don’t earn much but I really feel I have gained a lot of knowledge compared to the time when I was in the job.
I know that money is round the corner but that is not what motivates me. I love meeting new people all around the globe with their and mine blog and it is a really wonderful feeling.
Thank you for taking time and commenting on my blog:)

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Bryce Christiansen October 4, 2011 at 3:40 am

Thanks Ashvini,

I agree. Making money shouldn’t be the purpose of an entrepreneur’s business. It’s the backbone to sustaining the business, but the purpose should be something meaningful to the entrepreneur and their audience.

Coaching the next tennis star, entertaining children, helping others reach their potential, are just some examples of some purposes entrepreneurs can have. What’s the drive to make money and give value to your customers?

Thanks for the great post.

Bryce

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Ashvini Kumar Saxena October 5, 2011 at 11:02 pm

Hey Bryce,
Thank you for your comment.
You have provided practical understanding of the money. Entrepreneur’s drive should be to teach, educate, inform and help. Money cannot be a driver for them.
Today I am seeing some fantastic quotes from all my friends. Here is one that is really remarkable from you.
It’s the backbone to sustaining the business, but the purpose should be something meaningful to the entrepreneur and their audience.
Thus I can conclude that true entrepreneurs such as yourself really don’t keep money high on agenda. It is a byproduct of good work. If consistently done good work can be more rewarding than anything else.
Always great to hear your “practical, business oriented” comments, Bryce.

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