How does hacking relate to entrepreneurship? What is the meaning of these terms?
Ideally, an understanding of these terms makes it possible for individuals to compete fairly in the global market and scale their operations. Business ideas exist around, and it is the responsibility of an individual to act prudently in making such plans a success. An entrepreneur mostly designs, launch and operate a new business, mostly from a porotype. Mostly, the ventures start on a small scale, but the team must work together and scale it. Mostly, scaling a business requires the best measures into consideration since it is also likely to fail due to competition as well as other unethical business processes such as hacking. Currently, businesses operate on internet platforms, and that not only improves on communication but also opens up and makes it possible to have an international image.
However, security issues arise and certain unethical practices, which is the unauthorized access to business information, is the order of the day of late. The paper explores on Rush case study and relates it to the possibility of hacking. That helps in understanding every possible approach that entrepreneurs should embrace to emerge successful in the contemporary society.
In the modern society, start-ups are everywhere, and people should understand all the dynamics involved to foster success in most occasions. One instance of much significance is the breakeven period, which most people are not well conversant within the premise. Research articulate that a business process should take at least 18 months to break even. In such an instance, it is imperative for the organization and the management to embrace key processes that will create awareness and work on the cost-leadership strategy to scale operations and compete fairly in the market.
In the United States, start-ups have been on the rise as well from 2016 and mostly involving women. The aspect of gender imbalance is currently becoming a thing of the past and premises are likely to grow in various regions, as the case presented by Andra Rush. The growth among women as well as the minorities stand as the main reason for the bolstering of the activities, and the government should offer any necessary support to promote the trend.
According to the statistics, it is apparent that new entrepreneurs are on the verge of increase and the rate currently stands at a value close to 15 percent. The possibility of having over 500,000 new ventures is as a result of the most effective policies set by the government. It becomes possible to improve on key aspects of the lives of most individuals in the society due to job creation. Moreover, the level of crime is likely to drop since millennials, as well as the minorities, get engaged in some tasks, and that improves on key aspects of their lives. Even though such steps are evident, it is still below the pre-recession peak, and the government must act to improve the state.
It is necessary to understand that two years is not enough and the issue could have started like decades ago. However, the trend is commendable, and the government needs to have all the best approaches to ensure such a growth. The amount of money spent on curbing criminal activities alone is enough to offer loans to foster the development as well as the growth of a start-up. Additionally, the government is likely to get returns since such businesses pay taxes. The government can use the money raised in such an instance to foster infrastructural as well as social development agendas in the region. Such motives will ensure sustainability and make it possible to have a productive life, which caters to the wellbeing of the current as well as future generation.
Change is necessary for the business sector, and it is a good move that women such as Rush are leading the change. People should understand that everything should happen at the right time and that should make good use all the available resources. Even though resources, as well as expertise, might be limited initially, as in the case of Rush, it is imperative to start with the existing ones and work on how to scale operations. Risking is part of the business, and it is not given that what you study should pin you down due to the enumerations are given. Even though Rush was an experienced nurse and even went ahead to secure an MBA, that never limited her from following her passion. In certain instance, it might be an uphill task defining what works best for a person. However, with the help of other stakeholders in the society, the approach becomes a reality. Other individuals managed to enlighten Rush on the possibility of her becoming successful in the transportation industry. Taking a chance brought about the tremendous achievements that she experienced.
According to statistics, it is evident that women form a larger part of new entrepreneurs and that currently stand at a figure close to 40 percent. Even though men currently dominate the field, new ones are not as high as that presented by women. Initially, the society considered certain tasks such as driving as men-oriented and gave minimal support to women in such fields. That according to the case study is never the case since Rush managed to survive and excel despite all the challenges that exist in the premise. What makes a person a successful entrepreneur? Women are likely to succeed since they take opportunities at the right time. They are opportunistic compared to men, who consider some factors before embarking on a given activity. Even though risk analysis is of importance in business, it is prudent to act accordingly at the right time and ensure success as well as growth. Being opportunistic denotes the fact that an entity is willing to utilize an opportunity without experiencing uncertainties such as loss of a job. According to Rush’s case, she was competent enough in the nursing profession and could earn enough money. However, two things came up. That is the existence of an opportunity as well as interest, due to effective listening skills. Customers need the right support to enable growth. That is an aspect that Rush demonstrated and contributed to her support.
Most entrepreneurs are also below 34 years of age according to the data from the United States business domains. Even though such individuals are trying their very best to make it in the field, they still face some challenges. Mostly related to finances. That is the point that requires the government intervention to create a stable state that will foster growth and make it possible in meeting key demands. Even though Rush developed interest on the same, it was necessary for her to look for like-minded individuals to execute the plans with since that is the surest way to grow together and make it possible in addressing key demands of the business.
Cybercrime is common in most parts of the world, and every entrepreneur should understand key steps to secure operations within the organization. The terrorist attack, which occurred on September 11 was a serious threat to the progress of the organization, and it was imperative to have measures into consideration to improve such growth and make it possible handling normal operations. The incident relates to hacking and various steps as listed below are helpful in most cases. First, there is the need for logical security measures. Logical measures deal with the protection of the internal processes within the system. For instance, the use of passwords, which should be updated on a regular basis is mandatory. Rush should be able to have such an approach into consideration since it is likely to protect key business processes and make it safe operating in various environments.
The use of virtual data rooms is also a way to protect hacking within an organization. Since Rush managed to diversify the workforce, there is the need for a plan that is likely to protect employees as they share sensitive data. That is possible once the organization embraces VDR. The approach is online based and mostly help in handling financial processes of the organization. Moreover, there is the possibility of storing legal prospects related to the organization. In ensuring the success of the organization, there is need to understand aspects of intellectual property rights, which the system takes into consideration.
The last approach that the organization can embrace is the cybersecurity insurance. The insurance is not for cars within the organization. According to the instance depicted in the case study, it is evident that the act of terrorism was likely to hurt the organization in some ways. That prompts the need for the insurance to safeguard key data information within the premise. The closure of the business is likely to materialize in case key processes are compromised, and that is likely to make it hard in meeting the ultimate needs of the organization. In the field of business, accessibility is crucial, and there is the need for the right interventions to ensure success in operations. The success of such interventions requires the support of every stakeholder in fostering such a success.
In conclusion, it is imperative to highlight certain facts related to the discussion and such will make it possible in growing key aspects of the case. Business is all about taking risks, and that brings the need to evaluate every instance as it arises. Even though it is a nice move to start a business, there is need to understand every risk associated with it to make it happen. Most risks are technological and that require premises to understand all the technological steps that should be applied to achieve the best in the market. In a nutshell, the following are the existing points that form the basis of the research.
- A business process should take at least 18 months to break even
- In the United States, start-ups have been on the rise as well from 2016 and mostly involving women
- According to the statistics, it is apparent that new entrepreneurs are on the verge of increase and the rate currently stands at a value close to 15 percent
- The possibility of having over 500,000 new ventures is as a result of the most effective policies set by the government
- Most entrepreneurs are also below 34 years of age according to the data from the United States business domains
- According to statistics, it is evident that women form a larger part of new entrepreneurs and that currently stand at a figure close to 40 percent
- Most business premises in the contemporary society fail due to cyber-related threats
- Every business should understand the best approaches to address such concerns to compete fairly in the market
- The use of strong passwords is one of the logical issues to address the concern
- The use of VDR is also an instance that is helpful in the process, and that makes it possible to handle key processes within the organization
References
Adaryani, R. L., Akbari, M. R., Adel, F., & Amiri, A. (2014). Examine the effects of students’ social capital components on entrepreneurship intention (evidences from: University College of Agriculture and Natural Resources, University of Tehran). International Journal of Agricultural Management and Development, 4(2), 147-155. http://journals.iau.ir/article_513869_cab12afdc1225d38b75f63b59017486a.pdf
Aldrich, H. E. (2014, August). The democratization of entrepreneurship? Hackers, makerspaces, and crowdfunding. In Annual Meeting of the Academy of Management. https://www.researchgate.net/profile/Howard_Aldrich/publication/268520673_The_Democratization_of_Entrepreneurship_Hackers_Makerspaces_and_Crowdfunding/links/546f54730cf216f8cfa9d6c3/The-Democratization-of-Entrepreneurship-Hackers-Makerspaces-and-Crowdfunding.pdf
Jain, G. (2018). Women entrepreneurship in India. Women, 3(1). file:///C:/Users/User/Downloads/3-1-123-308.pdf
