Tag Archives inspirational

Bet you didn’t know this about entrepreneurs

After interviewing about 20 Bahraini entrepreneurs over the last few weeks for the Bahraini Views project, I thought I found a common denominator: they are driven, they come in all ages and from different backgrounds, and their religious affiliation doesn’t have anything to do with their success (the last part is important, Bahrainis would probably understand).

But fault in initially suggesting a certain age-group of between 18 and 30 for this project, due to my supposition that our target demographic (young Bahrainis) would respond more readily to, I now think is based on a mistaken notion. Based on these interviews, I found that apart from anything else, they are passionate about what their doing and that passion transcends every other criteria you can think of.

I am therefore really glad to find some academic corroboration for this premise; a recent report from the Kauffman foundation for entrepreneurship, entitled “The Anatomy of an Entrepreneur”, is based on a survey of 549 company founders across a variety of industries in the United States suggests the following:

    1. The average and median age of company founders when they started their current companies was 40.
    2. 95.1 percent of respondents themselves had earned bachelor’s degrees, and 47 percent had more advanced degrees.
    3. Less than 1 percent came from extremely rich or extremely poor backgrounds
    4. 15.2% of founders had a sibling that previously started a business.
    5. 69.9 percent of respondents indicated they were married when they launched their first business. An additional 5.2 percent were divorced, separated, or widowed.
    6. 59.7 percent of respondents indicated they had at least one child when they launched their first business, and 43.5 percent had two or more children.
    7. The majority of the entrepreneurs in the sample were serial entrepreneurs. The average number of businesses launched by respondents was approximately 2.3.
    8. 74.8 percent indicated desire to build wealth as an important motivation in becoming an entrepreneur.
    9. Only 4.5 percent said the inability to find traditional employment was an important factor in starting a business.
    10. Entrepreneurs are usually better educated than their parents.
    11. Entrepreneurship doesn’t always run in the family. More than half (51.9 percent) of respondents were the first in their families to launch a business.
    12. The majority of respondents (75.4 percent) had worked as employees at other companies for more than six years before launching their own companies.

Interesting observations aren’t they?

So what do YOU consider the most important assets of an entrepreneur? Please share your thoughts.

via OnStartups.com

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Bahraini Views: The Inventors

I can’t tell you how thrilled I was meeting Bahraini inventors. Involved in technology with a vision to create a manufacturing culture in Bahrain. These people – 2 out of the original 3 arrived for the Bahraini Views interview – have morphed their hobby into a viable and successful business. Now their devices are used in several countries in the Middle East and beyond and their expertise is sought from various companies around the world.

If you enjoyed this episode, please visit the Bahraini Views YouTube Channel and enter your comments and suggestions.

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Bahraini Views: Celebrating inspirational Bahrainis

Over the last few months I’ve been developing a concept to showcase the various successes Bahrainis have achieved. I wanted to specifically feature “unnamed” Bahrainis so that they would have credibility and might be more ready and touchable role models for a lot of aspiring compatriots. I say this and give all due respect to “named” Bahrainis of course, those must be included in the future as their contribution is certainly worth highlighting too.

We’ve done a lot of research on who should be featured, what metrics to use to qualify them and what age group we should include and whom to target. All very difficult things indeed to grapple with, and the last thing we want to do is go political. My idea essentially is to provide an inspiration for people to emulate and hopefully achieve success on their own.

Eight “episodes” have been created out of the 26 we have been contracted to do. We have a lot more names to consider to include in the initiative; however, we would really welcome your suggestions and nominations.

The episodes will start airing on Bahrain TV’s main Arabic and English channels from today. I am told that they will air immediately before the main news programs at 3PM, 8PM, 12 midnight on the Arabic channel and I think 7PM and 11PM on Bahrain Channel 55. The release schedule is two episodes per week, which means we have to go into overdrive to identify, interview and film many more candidates!

I hope you too find these features inspirational. Stay tuned.

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