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Despite the opportunity associated with start-up ventures, many graduating business students find that seeking employment with these enterprises carry high risks. As an entrepreneur, Joshua Pastore weighs in on what makes a good start-up business.
Charlotte, North Carolina (PRWEB) February 04, 2013
While the economy and state of commerce in the United States has witnessed many highs and lows in recent years, small businesses and start-up ventures have become increasingly common. Although the promise behind new businesses may attract many emerging university students and young professionals, a recent article from CBS News discusses the risks associated with employment at this type of professional pursuit. As a current university student and the entrepreneurial founder of Hawk Vision Applications, LLC—a mobile application company—Joshua Pastore highlights the qualities of those who make optimal candidates for a start-up venture.
According to the article, the risk associated with start-up employment is great. With unemployment as a major concern amongst most professionals, the job insecurity associated with new businesses can prove unattractive to many job-seekers. The article states, “According to recent Harvard Business School data, 75 percent of [venture capital]-backed startups fail. That means that startups can't guarantee a long-term career and it also means that life in new businesses is a lot edgier than elsewhere.”
Those who do achieve steady employment in emerging companies may discover that while they have a job, the cost is much higher than it is actually worth. For example, many employees may find themselves dedicating copious amounts of time toward a company’s growth, while others find that the trajectory of the business has shifted to a point that no longer aligns with their career path interests.
Despite these factors, Joshua Pastore notes that starting a business—and working for a new company—can be exciting for those who are willing to take on the challenge.
Pastore comments, “Being an entrepreneur or working for a start-up is not for everyone. You have to be at least a little crazy. It takes a tremendous amount of time, dedication and effort with a very high risk of failure over choosing the traditional career path.”
However, if the company does succeed, initial employees stand to benefit greatly from the development of the business. Still, Joshua Pastore suggests that all prospective start-up employees take time to assess the nature of the business and make professional judgments on how it may succeed in the long term. He concludes by observing, “If a start-up is able to secure an investment from a venture capital firm or a bank it is a good sign—they are already way ahead of the curve. However, there is still an insurmountable chance of failure even with adequate funding.”
Joshua Pastore is a student and entrepreneur attending High Point University located in High Point, NC. Focusing on strategic communications, software development and start-up ventures, Pastore has reached many achievements, including recognition as a semi-finalist in the Charlotte Venture Challenge and a finalist in the High Point University Business Plan Competition for founding Hawk Vision Applications, LLC—a mobile app company. In addition to his focus on business development and marketing, Joshua Pastore is a noted snowboarding and golf enthusiast who enjoys charitable involvement.
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