Entrepreneurship Article | The Fear Factor in Russian Business StartupsMore Than Articles

The Fear Factor in Russian Business Startups

"Your school may have done away with winners and losers, but life has not. In some schools they have abolished failing grades; they'll give you as many times as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life." - Bill Gates

In communist or even socialist governments there tends to be lackluster entrepreneurial efforts. The individual wishing to start the business often finds little in the way of "vested interest" in committing their time and talent to something they will never really be able to benefit from.

After the collapse of Russia a new way of thinking was needed to move the country forward. The choice was capitalism and the flint of entrepreneurialism was struck often in an effort to jump-start the economy.

There is a push in Russia to advance the cause of the entrepreneur by providing classes that assist the population in learning how to develop their own business. Reports indicate that other European Universities will see as many as 70% of their higher education centers providing classes on business development.

The idea of being able to create opportunities is leading many Russian citizens to attempt to forge a better life through the mechanism of capitalism by tapping into consumer demand. The end goal is to develop a business that can provide a personal financial boon.

Ironically it is fear in some cases that has promoted the entrepreneurial spirit in Russia. More than simply an interest in fulfilling a dream, these entrepreneurs are fearful they may have very little opportunity unless they discover it on their own. It is the fear of failure that may be the driving force for some of these men and women.

Conversely, in many existing capitalistic cultures it is aspiration that provides the means of motivation. There may be less fear of failure while ambition provides the fuel to reach higher and further to maximize certain goals.

It is interesting that while the goals are separate and distinct, the end result can be similar; the development of a successful business that hinges on a dream.

As Russian Universities continue to offer and develop practical programs for their students, the world is likely to see success in Russian startups.

While some of the entrepreneurial programs have a western tie it is likely the end result will still be uniquely Russian in design and execution adding yet another colorful thread to the tapestry of a global economy.

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