Entrepreneurship Theory And Practice

The difference between entrepreneurship theory and practice can be quite large.

For example, maybe food is your passion and all you have ever wanted it to make pizzas.

You have beautiful dreams and ideas. So you work and save and one day open your own pizza restaurant. 

Before long, you may have come to a few realizations about the realities of your new venture.

First, the health inspector calls about some of the kitchen design not meeting code. The week after an employee complains that his taxes are not being calculated correctly. By the end of the first week, a hostess wants to know about what health insurance covers, since she just got pregnant. And by close of business on Friday a dishwasher and cook get into a fist fight.

And all you wanted to do was make pizzas.

These growth pains can also be the same for food bloggers and pastors.

In the same way that blogging has little to do with running Condé Nast, cooking pizzas has little to do with running a successful restaurant.

Unless what you love is managing people, handling crises, delegating, holding people responsible, recruiting, setting, then constantly amplifying and repeating the company’s mission, vision, strategy, and values, being a startup CEO may not provide you with the work you love to do.

-Rand Fishkin, Lost And Founder