THE EO BLOG
For those of you who haven’t yet taken up the hobby of listening to podcasts, you might be missing out on a valuable channel of education and entertainment. After a long day of staring at a computer monitor or smart phone screen, it’s refreshing to experience something that doesn’t require visual attention. Unlike radio, it’s completely on-demand and tailored to your interests. And for entrepreneurs, specifically, there is a wealth of information and inspiration.
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Two GSEA finalists answer the question, “What is the difference between a businessperson an an entrepreneur?” Eileen Phoan, an artist from Malaysia, and Mohammed Fawaz, who empowers students through accessible online learning platforms, highlight the difference between a career and a lifestyle. They culminate September’s theme of innovation within their respective fields. Here’s what they had to say:
By Heather Baker, an EO UK-London member, and founder and CEO of TopLine Communications, a digital communications consultancy
An article I read recently got me thinking: How many of the entrepreneurs I know have earned a university degree? Two thirds? Half? A better question is: How many of the graduates among them, if they could go back, would enroll all over again for those years of cloistered (or not so cloistered) study?
If my experience is anything to go by, I think the vote would be split. I did go to university, and looking back it was in parts very useful, in parts not at all. And I know several entrepreneurs who boast great business talent having never seen the inside of a lecture theatre. Which isn’t to say that higher education will not equip you for a career as an entrepreneur; I believe it can. However, I would stop short of calling it a necessary condition of business success.
The ultimate test of your business can be found in a simple question: Would someone want to buy your company? Whether you want to sell next year or in a decade from now, you must be building an asset that someone would buy – otherwise, you have a job, not a business.
Here are eight ways to ensure you are building a company, not just doing a job: