The Myth of the Entrepreneur and the Garage
There exists a common belief that entrepreneurs commonly start businesses in garages (or basements or dorm rooms or kitchens). The garage entrepreneur is a highly popular contemporary legend, but not quite accurate. An emergent notion in academic research is that entrepreneurs are often organizational products. They typically acquire confidence, business knowledge, and social connections via prior experience at existing organizations. These psychological and social resources aid entrepreneurs in forming companies.Although the belief of the garage entrepreneur contributes to the preservation of the American ideals of opportunity and upward social mobility, it offers misleading insights to would-be entrepreneurs because it suggests an undersocialized view of the entrepreneurial process. Individuals, companies, policy makers, and business schools will benefit from recasting the garage as a contemporary legend and focusing instead on the lessons that can be derived from an understanding of entrepreneurs as organizational products.
via Ken Dyck from Paul Kedrosky.
Photo by sylvar.
OPMLRender at Jason Ruyle on February 22nd, 2006 5:52 am
[...] I am in the process of learning the wordpress system This is a test of the opmlrender script OPMLRender(‘http://www.business-opportunities.biz/feed/’,’3’,’page’); [...]
A garage entrepreneur on April 3rd, 2008 9:43 am
I know a garage entrepreneur. He remodels garages!
Anyway, I see your point, however I think the garage entrepreneur image simply means that somebody is willing to leave a secure, conventional job with little resources in order to pursue a dream. Its actually pretty inspiring and most successful entres that I know started off really small in a garage or small room in their house.
Cheers
Another garage entrepreneur on April 8th, 2009 1:56 pm
Yes ..I second that 2nd comment..It’s hard to leave your full time job and make a quality product from the scratch which may take a year or two to evolve.During those times one of the most valuable resource is money. Garage entrepreneurs can deal with that easily if they are not born with a silver spoon..
Another garage entrepreneur on April 8th, 2009 4:40 pm
Correction : read the last sentence as ” Garage entrepreneurs can deal with that easily even if they are not born with a silver spoon..”
Leave a Reply