John Faraday Entrepreneur

john faraday

john faraday entrepreneur

 

An John Faraday entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services and business/or procedures.

What is an ‘Entrepreneur’

An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services and business/or procedures.

Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to anticipate current and future needs and bring good new ideas to market. Entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, fame and continued growth opportunities. Those who fail suffer losses and become less prevalent in the markets.

History

Every year since 1979, Entrepreneur has published a list of its top 500 franchise companies based on a submission and review process.[7] The magazine also published many other lists and awards.

In 1987, the magazine launched its website, Entrepreneur.com, which expanded to include features, contests and other publications and spin-offs.[8] As of 2013, the website received more than 6 million unique visitors each month.[9]

Spin-offs

Entrepreneur publishes the Entrepreneur StartUps magazine, available through subscription and on newsstands.[10]

The magazine publishes a blog managed by a dedicated online staff.[11] It is also published in digital editions through its mobile apps.[12]

In 1999, the website YoungEntrepreneur.com was created as a spin-off of Entrepreneur.com. It is an online forum for young entrepreneurs.[13]

In 2010, Entrepreneur launched the website SecondAct.com, which is targeted towards an older audience. When launched, the site used advertising as its sole source of revenue.[14]

Entrepreneur also publishes books through its Entrepreneur Press division. The company has a backlist of over 200 titles on business and entrepreneurship.[15]

On April 2017, Reid Hoffman announced the launch of a new podcast called “Masters of Scale“, hosted by Entrepreneur magazine. In each episode, Reid acts as the host, introducing a counterintuitive business theory and proving it out through the episode through a series of conversations with successful entrepreneurs. Masters of Scale is committed to a 50-50 gender balance. The official podcast launched on 5 May, 2017 on the Entrepreneur Magazine website but is now hosted at mastersofscale.com. Episodes so far feature guests such as Mark Zuckerberg, Brian Chesky, Sheryl Sandberg, Stewart Butterfield, Diane Greene, John Elkann and Nancy Lublin.

Controversies

In 2006, unusual web traffic measurements led to allegations that Entrepreneur.com used pop-ups to artificially boost its number of readers.[16]

The company has been involved in many lawsuits regarding its trademark on the word ‘entrepreneur’, suing a wide variety of entities for using the word.[17] The trademark has generally attracted criticism for being on a commonly used word for which there is no substitute, and the aggressiveness with which it is applied has been noted as somewhat ironic; Business Week asked “why would the publisher of Entrepreneur magazine be bullying entrepreneurs?”[18]