This generation’s crop of businessmen is characterized by a bold entrepreneurial spirit, driven by the willingness to take risks and openness to new ideas. Such traits have influenced the business landscape over the past decade or two. The emergence of Napster exemplifies this.
Shawn Fanning and Sean Parker founded Napster in 1999, revolutionizing peer-to-peer file sharing. Over 80 million subscribers registered with Napster to share MP3 music files, which caught the ire of musicians and record labels. Amidst copyright infringement allegations, the company continued operations until it was eventually shut down by court order.
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| Image source: ashford.edu |
Still, the youthful determination Fanning and Parker exhibited was a modernized approach to business development and operations. Parker even went on to help launch another similar project named Facebook.
Fear, risks, and setbacks are business realities. And it takes bravery to overcome all these challenges.
Emile Haddad, one of the most trusted business coaches, often cited business bravery as one of the main factors for success. Business bravery is manifested in the curiosity to explore and openness to possibilities in the industry. Key here is the approach that in every failure and rejection, there is wisdom and lessons that can start and grow the business.
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| Image source: rosalindfranklingroup.com |
The Seattle, Washington-based Emile Haddad has decades of experience in leading companies and individuals toward entrepreneurial success. Read more insights about business and leadership by subscribing to this blog.
