Comments on: The Dark Side of Entrepreneurship http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/?utm_source=rss&utm_medium=rss&utm_campaign=the-dark-side-of-entrepreneurship Get to know Asia. The Singapore entrepreneurship scene. Thu, 29 Mar 2012 11:52:28 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Singapore Entrepreneurs » The Dark Side of Patenting http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/comment-page-1/#comment-385 Singapore Entrepreneurs » The Dark Side of Patenting Sun, 18 Jun 2006 07:38:14 +0000 http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/#comment-385 [...] Earlier Articles: 1. BL, The Dark Side of Entrepreneurship. 2. BL, The Dark Side of Venture Capital [...] [...] Earlier Articles: 1. BL, The Dark Side of Entrepreneurship. 2. BL, The Dark Side of Venture Capital [...]

]]> By: Anonymous http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/comment-page-1/#comment-382 Anonymous Sun, 18 Jun 2006 05:42:55 +0000 http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/#comment-382 I think in every business there are flaws..The big fish usually eat up the small fish. But sometimes you just have to becareful..I ever ask my professor about this question as well. I ask him in one of my Management class.."Sir, If let say we don't want to be cheated by other people and we want to start a business but we don't even have fund at all what shall we do?" He suggested many methods, Go and loan from a bank was the first method. But it's impossible I supposed. With no background,"How would the bank actually lend you the money?" He told me another good method, Which is borrow from friends or relatives. It's a good method if you are successful you don't even have to pay interest somemore..But seriously would your relative bother to lend you money? Unless a miracle strike.. Anyway, it's not easy to get the funding seriously. Unless your product or idea is really tempting. Or else it's hard. Or you can sell your product online...That is using the e-commerce to set up your business for a start if you run short of capital for a start. Why many foreign people are very successful? Because they dare to take the risk and they went to Venture. Just like BL you just give this topic a go.. However, I would say Business is a never ending story...There are just too many methods and strategies to learn...To start a business depend on the environment..That's why they keep telling me internal and external environment is important. I think in every business there are flaws..The big fish usually eat up the small fish.

But sometimes you just have to becareful..I ever ask my professor about this question as well. I ask him in one of my Management class..”Sir, If let say we don’t want to be cheated by other people and we want to start a business but we don’t even have fund at all what shall we do?”

He suggested many methods, Go and loan from a bank was the first method. But it’s impossible I supposed. With no background,”How would the bank actually lend you the money?” He told me another good method, Which is borrow from friends or relatives. It’s a good method if you are successful you don’t even have to pay interest somemore..But seriously would your relative bother to lend you money? Unless a miracle strike..

Anyway, it’s not easy to get the funding seriously.

Unless your product or idea is really tempting. Or else it’s hard.

Or you can sell your product online…That is using the e-commerce to set up your business for a start if you run short of capital for a start.

Why many foreign people are very successful? Because they dare to take the risk and they went to Venture. Just like BL you just give this topic a go..

However, I would say Business is a never ending story…There are just too many methods and strategies to learn…To start a business depend on the environment..That’s why they keep telling me internal and external environment is important.

]]> By: Singapore Entrepreneurs » The Dark Side of Venture Capitalists http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/comment-page-1/#comment-348 Singapore Entrepreneurs » The Dark Side of Venture Capitalists Tue, 13 Jun 2006 15:50:28 +0000 http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/#comment-348 [...] After talking about the dark side of entrepreneurship, we explore the dark side of venture capitalists. When do you know when you should not take money from a venture capitalist? What are the kinds of clauses and problems that you will face dealing with a venture capital? [...] [...] After talking about the dark side of entrepreneurship, we explore the dark side of venture capitalists. When do you know when you should not take money from a venture capitalist? What are the kinds of clauses and problems that you will face dealing with a venture capital? [...]

]]> By: BL http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/comment-page-1/#comment-247 BL Sun, 28 May 2006 04:13:36 +0000 http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/#comment-247 Hi Ramcem, I totally agree with you on this one about teaching ethics first. I left a book in NUS Entrepreneurship Society as a christmas gift last year, and the book title is "The Smartest Guys in the room", which talks about the rise and fall of Enron. I scribbled a note for them,"Don't be the smartest guys in the room." With a world so full of corporate and academic fraud, we must try to ensure that corporate governance and ethics are taught properly. There is a strong cultural mindset in this part of the world that in order to succeed as a businessman, one has to ruthless and sly. The problem is that a lot of people don't realize that credibility is an important factor for business success. Your honour and integrity is still in tact even if you failed your business without cheating or hurting anyone. Hi Ramcem,

I totally agree with you on this one about teaching ethics first. I left a book in NUS Entrepreneurship Society as a christmas gift last year, and the book title is “The Smartest Guys in the room”, which talks about the rise and fall of Enron. I scribbled a note for them,”Don’t be the smartest guys in the room.” With a world so full of corporate and academic fraud, we must try to ensure that corporate governance and ethics are taught properly.

There is a strong cultural mindset in this part of the world that in order to succeed as a businessman, one has to ruthless and sly. The problem is that a lot of people don’t realize that credibility is an important factor for business success. Your honour and integrity is still in tact even if you failed your business without cheating or hurting anyone.

]]> By: Ramcem http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/comment-page-1/#comment-246 Ramcem Sun, 28 May 2006 04:03:50 +0000 http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/#comment-246 I have been teaching entrepreneurship informally to the younger generation since 2001. Now coming to my 3rd generation of students, I have switched strategies in my coaching. In the early period for the first 2 generation, I teach them business skills first without introducing ethics. So some of them took the skills they learnt and used it to backstab their partners and also myself. I have learnt my lessons. Now I teach ethics first and ensure they fully understand the importance of not biting the hands that feed them. The current batch has much better characters. I have been teaching entrepreneurship informally to the younger generation since 2001. Now coming to my 3rd generation of students, I have switched strategies in my coaching. In the early period for the first 2 generation, I teach them business skills first without introducing ethics. So some of them took the skills they learnt and used it to backstab their partners and also myself. I have learnt my lessons. Now I teach ethics first and ensure they fully understand the importance of not biting the hands that feed them. The current batch has much better characters.

]]> By: InViN http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/comment-page-1/#comment-238 InViN Wed, 24 May 2006 16:57:32 +0000 http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/#comment-238 Nice article. To me, whatever we do, we must know the dark side of it first. I was being conned too many times when I was a kid living in China. However, the good thing about it is that I've grown resistant to any kind of con or fraud. I think the same goes to entrepreneurship as well. Knowing the dark side of it simply pullss you much closer to success. Nice article. To me, whatever we do, we must know the dark side of it first. I was being conned too many times when I was a kid living in China. However, the good thing about it is that I’ve grown resistant to any kind of con or fraud. I think the same goes to entrepreneurship as well. Knowing the dark side of it simply pullss you much closer to success.

]]> By: Ang Chew Hoe http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/comment-page-1/#comment-236 Ang Chew Hoe Wed, 24 May 2006 06:18:52 +0000 http://sgentrepreneurs.com/commentary/2006/05/23/the-dark-side-of-entrepreneurship/#comment-236 I am not an entreprenuer and so far I have not really met a young startup. However, I empathize your views on the likely sins of a young startup. Young chaps in Singapore, without been through much hardship these days, may not be tolerate failures and humble enough to listen to "elderly" advises. I think there are higher chance of success for people starting up their business in the mature age. However, these people have higher stake due to family and mortage commitment. I am not an entreprenuer and so far I have not really met a young startup. However, I empathize your views on the likely sins of a young startup. Young chaps in Singapore, without been through much hardship these days, may not be tolerate failures and humble enough to listen to “elderly” advises. I think there are higher chance of success for people starting up their business in the mature age. However, these people have higher stake due to family and mortage commitment.

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