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Atricle Dump - Attack Of The Scumbag - Beware The Entrpreneurial Sociopath (Part I)
A chart of accounts is defined as a list of accounts used to categorize the financial transactions of a business. But if set up with thought it can be one of your most useful tools in analyzing your business. A chart of accounts usually consists of five areas – Assets, Liabilities, Equity, Income and Expenses. Some companies segregate their transactions into the additional segments of Cost of Goods Sold, Advertising Costs, General and Administrative Expenses, Other Expenses, Other Income, and Taxes. But by designing your chart of accounts with the financial analysis of your company in mind, you will be able to see just where your profits are coming from and where your expenses need to be examined.By setting up income accounts for each department or segment of your business you will get a view of which areas are working for you. And by breaking out your expenses, both direct and indirect, within these income areas, you will also see which areas are most profitable. For example, if you are in the
His incredible drive and ambition to achieve success is very attractive in spite of the fact that he has no qualms about how he goes about it. People see the energy, drive, and focus- qualities entrepreneurial sociopaths seem to possess in abundance—and they secretly wish they had these same qualities. Decent people and especially non-entrepreneurs cannot understand this properly. To us, the right thing seems so obvious yet the entrepreneurial sociopath deals with evidence that he may be mistaken about things with a selective perception of the world around him. He ‘compartmentalizes’ negative events and ignores their consequences. The entrepreneurial sociopath dismisses reality in favor of his own worldview. He deals with critics by rationalizing his own behavior and attacking their credibility. He’s developed a way of thinking that lets him behave immorally, even
Brand decisions are an integral part of product policy in health care. When a marketer opts for branding a health care product, he is intending to create an asset out of his brand. His promotional programs get centered on the distinctive features of his brand. If his basic brand decisions are wrong his entire marketing program will suffer serious setback.In the development of a health care brand, the first task is to give the product an identity through a name. The second task is to enhance its recognition by the provision of a symbol of identity, and the third task is to develop a unique image for the brand and to build its personality over the long term. Building a brand’s personality is a very difficult task. In any given product category only a handful of brands emerge successful. Years of uninterrupted nursing with the support of a good marketing program is required to get a brand established in the market.Successful brands are major assets for companies. It is a valuable, renewable and l
It’s no wonder to me that criminals and entrepreneurs have similar personality traits. We entrepreneurs are not get in line, play by the rules, and do what we’re told kind of people. By nature entrepreneurs have big egos. I do, and odds are you do, too. After all, we got into this game knowing the failure rate and audaciously thinking we were uniquely qualified to beat it. Something about us says we’re different, and we know better. The problem with bad natured entrepreneurs is that they are in fact the sociopaths of the business world, and often times it’s only short leap for them to the criminal world. The same ego that drives them to go into business in the first place, can lead some to believe that they operate by their own set of rules, often to the detriment of others and they don’t think twice about it. The key is being able to tell the difference between the typically self-confident entrepreneurs like you and I, and these entrepreneurial sociopaths.
Entrepreneurial sociopaths abound at least in part because they enjoy very high profile successes, especially early on. The entrepreneurial sociopath has a very different and limited worldview that invalidates all others. He has little or no self-doubt (eventually, this will be his undoing). He has his own internal moral compass that defines its own true north. Basing all of his actions on this faulty instrument, he bases all of his actions upon it and early on it produces the results he expects. His worldview and behavior do not stand up well to objective criticism, and his self-esteem is far too fragile to handle it. In the beginning nothing he does amounts “hill anyone wants to die on” rather than confront the guy, people stay out of his way. Emboldened, he will display incrementally bolder and socially unacceptable behavior. Though respectable people will notice “red flags”, they’ll dismiss his impertinence as quirkiness, or the incidents as flukes rather than the dangerous developing patterns that they are.
The entrepreneurial sociopath becomes much more dangerous at this point. At this stage, the cat’s out of the bag, but it’s too late. His perceived power and position seem to legitimize his behavior. It gives others a sense that they’re observing something real, that his actions have a basis in reality, or natural law. They do not. This phenomenon gives a sense of hopelessness to his foes, and provides a growing band of sycophants with a “new reality”. His foes look on with wonderment and dismay while sycophants feel everything he does is to be emulated. It’s very frustrating for decent people to watch because everything he’s doing is clearly inappropriate, and there’s a surreal kind of upside down-ness to the whole world in which these people operate that seems to be spilling over into our world. It can even get to the point where society seems to confer a kind of legitimacy to their lifestyle, and agrees without examination with his logic, and certainly does not challenge him. That’s because they appear to have a lot of good things going on. They are always charismatic, and self-confident, sometimes intelligent, and persuasive. We're initially attracted to these people because we perceive that they have something we lack. They're often viewed with secret admiration, and even envy.
Their downfall will be that they manage to persuade themselves of their own deluded PR. It is at this point that he will do something so stupid, or intolerable, or offensive to others that he will self-destruct rather than correct course. Individuals like this often blow up in spectacular, even public fashion. This is the part that’s fun to watch. It's why people cheered when the high-flying dot com executives who were throwing million dollar kid's birthday parties on the company share holder's dime finally began to be frog marched out of their expensive homes in handcuffs. It’s why attendees at Ken Lay’s funeral were more likely to be there to make sure, than to pay respects. Sure, these people may have temporarily inspired those around them and sucked them into their “wonderlands”, where they were dizzy and disoriented by their success. In fact, superficial success validates everything these kinds of people do. It’s all they, their cohorts, and groupies need as proof of the validity of everything they do. For the entrepreneurial sociopath, success excuses his behavior, and his bizarre self-concept becomes a substitute for reality. He is surrounded by supporters who worship him and believe he can do no wrong. These loyalties often persist even when their empire is crumbling. The community may even admire him, and justice rarely pursues him.
His incredible drive and ambition to achieve success is very attractive in spite of the fact that he has no qualms about how he goes about it. People see the energy, drive, and focus- qualities entrepreneurial sociopaths seem to possess in abundance—and they secretly wish they had these same qualities. Decent people and especially non-entrepreneurs cannot understand this properly. To us, the right thing seems so obvious yet the entrepreneurial sociopath deals with evidence that he may be mistaken about things with a selective perception of the world around him. He ‘compartmentalizes’ negative events and ignores their consequences. The entrepreneurial sociopath dismisses reality in favor of his own worldview. He deals with critics by rationalizing his own behavior and attacking their credibility. He’s developed a way of thinking that lets him behave immorally, even
Working in Corporate America is a good way to make a living and get a paycheck and yet perhaps you have been considering starting a company of your own? Have you been considering starting a business of your own and you just hate waiting in line at the car wash? Do you think you could do better? Perhaps you could and maybe there is some additional opportunity in the market where you live to start a car wash?Lets look at a case study; Starting a Car Wash Business in Richmond, Virginia. Richmond, VA is a decent car wash market, although some areas of the city are over saturated with other car washes already in place. First you will need to determine a location if you are thinking of starting a car wash business; Have you picked out a location or side of town you are thinking of there?Perhaps you will need some assistance getting started and maybe a find a car-washing consultant. What questions might you have? Regarding your project there? What type of car wash are you now considering? Coin Op, Fl
Entrepreneurial sociopaths abound at least in part because they enjoy very high profile successes, especially early on. The entrepreneurial sociopath has a very different and limited worldview that invalidates all others. He has little or no self-doubt (eventually, this will be his undoing). He has his own internal moral compass that defines its own true north. Basing all of his actions on this faulty instrument, he bases all of his actions upon it and early on it produces the results he expects. His worldview and behavior do not stand up well to objective criticism, and his self-esteem is far too fragile to handle it. In the beginning nothing he does amounts “hill anyone wants to die on” rather than confront the guy, people stay out of his way. Emboldened, he will display incrementally bolder and socially unacceptable behavior. Though respectable people will notice “red flags”, they’ll dismiss his impertinence as quirkiness, or the incidents as flukes rather than the dangerous developing patterns that they are.
The entrepreneurial sociopath becomes much more dangerous at this point. At this stage, the cat’s out of the bag, but it’s too late. His perceived power and position seem to legitimize his behavior. It gives others a sense that they’re observing something real, that his actions have a basis in reality, or natural law. They do not. This phenomenon gives a sense of hopelessness to his foes, and provides a growing band of sycophants with a “new reality”. His foes look on with wonderment and dismay while sycophants feel everything he does is to be emulated. It’s very frustrating for decent people to watch because everything he’s doing is clearly inappropriate, and there’s a surreal kind of upside down-ness to the whole world in which these people operate that seems to be spilling over into our world. It can even get to the point where society seems to confer a kind of legitimacy to their lifestyle, and agrees without examination with his logic, and certainly does not challenge him. That’s because they appear to have a lot of good things going on. They are always charismatic, and self-confident, sometimes intelligent, and persuasive. We're initially attracted to these people because we perceive that they have something we lack. They're often viewed with secret admiration, and even envy.
Their downfall will be that they manage to persuade themselves of their own deluded PR. It is at this point that he will do something so stupid, or intolerable, or offensive to others that he will self-destruct rather than correct course. Individuals like this often blow up in spectacular, even public fashion. This is the part that’s fun to watch. It's why people cheered when the high-flying dot com executives who were throwing million dollar kid's birthday parties on the company share holder's dime finally began to be frog marched out of their expensive homes in handcuffs. It’s why attendees at Ken Lay’s funeral were more likely to be there to make sure, than to pay respects. Sure, these people may have temporarily inspired those around them and sucked them into their “wonderlands”, where they were dizzy and disoriented by their success. In fact, superficial success validates everything these kinds of people do. It’s all they, their cohorts, and groupies need as proof of the validity of everything they do. For the entrepreneurial sociopath, success excuses his behavior, and his bizarre self-concept becomes a substitute for reality. He is surrounded by supporters who worship him and believe he can do no wrong. These loyalties often persist even when their empire is crumbling. The community may even admire him, and justice rarely pursues him.
His incredible drive and ambition to achieve success is very attractive in spite of the fact that he has no qualms about how he goes about it. People see the energy, drive, and focus- qualities entrepreneurial sociopaths seem to possess in abundance—and they secretly wish they had these same qualities. Decent people and especially non-entrepreneurs cannot understand this properly. To us, the right thing seems so obvious yet the entrepreneurial sociopath deals with evidence that he may be mistaken about things with a selective perception of the world around him. He ‘compartmentalizes’ negative events and ignores their consequences. The entrepreneurial sociopath dismisses reality in favor of his own worldview. He deals with critics by rationalizing his own behavior and attacking their credibility. He’s developed a way of thinking that lets him behave immorally, even
Information and identity theft are two growing concerns in the world today. Paper shredders and file shredders can prevent the terrible losses that can occur when valuable information pertaining to a person or a business is stolen. Shredders destroy sensitive documents that contain private information that could cause trouble if obtained by the wrong people. Some of the sensitive information often found on paper items includes birth dates, social security numbers, bank account numbers, and business plans or other finance-related items.Identity theft can have dire consequences. If a thief obtains someone’s social security number and birth date, he or she can then find out all kinds of financial information about the person and can use the person’s bank account. If this happens, the thief can spend all of the victim’s money, and the victim may or may not have a way of recovering the money. Identity thieves can ruin their victim’s credit by using the stolen credit cards to run up huge debts.
The entrepreneurial sociopath becomes much more dangerous at this point. At this stage, the cat’s out of the bag, but it’s too late. His perceived power and position seem to legitimize his behavior. It gives others a sense that they’re observing something real, that his actions have a basis in reality, or natural law. They do not. This phenomenon gives a sense of hopelessness to his foes, and provides a growing band of sycophants with a “new reality”. His foes look on with wonderment and dismay while sycophants feel everything he does is to be emulated. It’s very frustrating for decent people to watch because everything he’s doing is clearly inappropriate, and there’s a surreal kind of upside down-ness to the whole world in which these people operate that seems to be spilling over into our world. It can even get to the point where society seems to confer a kind of legitimacy to their lifestyle, and agrees without examination with his logic, and certainly does not challenge him. That’s because they appear to have a lot of good things going on. They are always charismatic, and self-confident, sometimes intelligent, and persuasive. We're initially attracted to these people because we perceive that they have something we lack. They're often viewed with secret admiration, and even envy.
Their downfall will be that they manage to persuade themselves of their own deluded PR. It is at this point that he will do something so stupid, or intolerable, or offensive to others that he will self-destruct rather than correct course. Individuals like this often blow up in spectacular, even public fashion. This is the part that’s fun to watch. It's why people cheered when the high-flying dot com executives who were throwing million dollar kid's birthday parties on the company share holder's dime finally began to be frog marched out of their expensive homes in handcuffs. It’s why attendees at Ken Lay’s funeral were more likely to be there to make sure, than to pay respects. Sure, these people may have temporarily inspired those around them and sucked them into their “wonderlands”, where they were dizzy and disoriented by their success. In fact, superficial success validates everything these kinds of people do. It’s all they, their cohorts, and groupies need as proof of the validity of everything they do. For the entrepreneurial sociopath, success excuses his behavior, and his bizarre self-concept becomes a substitute for reality. He is surrounded by supporters who worship him and believe he can do no wrong. These loyalties often persist even when their empire is crumbling. The community may even admire him, and justice rarely pursues him.
His incredible drive and ambition to achieve success is very attractive in spite of the fact that he has no qualms about how he goes about it. People see the energy, drive, and focus- qualities entrepreneurial sociopaths seem to possess in abundance—and they secretly wish they had these same qualities. Decent people and especially non-entrepreneurs cannot understand this properly. To us, the right thing seems so obvious yet the entrepreneurial sociopath deals with evidence that he may be mistaken about things with a selective perception of the world around him. He ‘compartmentalizes’ negative events and ignores their consequences. The entrepreneurial sociopath dismisses reality in favor of his own worldview. He deals with critics by rationalizing his own behavior and attacking their credibility. He’s developed a way of thinking that lets him behave immorally, even
The Pink Sheets. Pink Sheets stocks. The Pinks. Everyone seems to be talking about trading shares on this penny stock listing service and the chatter is only going to get louder once the Pink Sheets’ OTC QX division becomes fully functional. With all the buzz surrounding the Pink Sheets many people are asking themselves if they should check out investing in this market. Rumors abound in on-line chat rooms like Raging Bull about fortunes being made by those who trade in the smallest of small caps. Is it possible? Is it true? Is there something about the Pink Sheets that make it different from the NASDAQ or the Big Board? The answer is yes and I want to provide some antidotal evidence about the Pink Sheets.My name is Richard Bond and I want to tell you how trading Pink Sheets stocks turned my life around.It started when I turned my financial situation around which lead to a change in my overall outlook on life. Now I live my life on my terms. I learned the hard way that the amount of money you h
Their downfall will be that they manage to persuade themselves of their own deluded PR. It is at this point that he will do something so stupid, or intolerable, or offensive to others that he will self-destruct rather than correct course. Individuals like this often blow up in spectacular, even public fashion. This is the part that’s fun to watch. It's why people cheered when the high-flying dot com executives who were throwing million dollar kid's birthday parties on the company share holder's dime finally began to be frog marched out of their expensive homes in handcuffs. It’s why attendees at Ken Lay’s funeral were more likely to be there to make sure, than to pay respects. Sure, these people may have temporarily inspired those around them and sucked them into their “wonderlands”, where they were dizzy and disoriented by their success. In fact, superficial success validates everything these kinds of people do. It’s all they, their cohorts, and groupies need as proof of the validity of everything they do. For the entrepreneurial sociopath, success excuses his behavior, and his bizarre self-concept becomes a substitute for reality. He is surrounded by supporters who worship him and believe he can do no wrong. These loyalties often persist even when their empire is crumbling. The community may even admire him, and justice rarely pursues him.
His incredible drive and ambition to achieve success is very attractive in spite of the fact that he has no qualms about how he goes about it. People see the energy, drive, and focus- qualities entrepreneurial sociopaths seem to possess in abundance—and they secretly wish they had these same qualities. Decent people and especially non-entrepreneurs cannot understand this properly. To us, the right thing seems so obvious yet the entrepreneurial sociopath deals with evidence that he may be mistaken about things with a selective perception of the world around him. He ‘compartmentalizes’ negative events and ignores their consequences. The entrepreneurial sociopath dismisses reality in favor of his own worldview. He deals with critics by rationalizing his own behavior and attacking their credibility. He’s developed a way of thinking that lets him behave immorally, even
As a business coach, I work with my entrepreneur clients to identify and remediate their blindspots. If you don't do this, your blindspots will hold you back. You will never achieve your full potential. You will not experience the success you are capable of experiencing.Knowing your blindspots is critical. Knowing what to do to address your blindspots is even more critical.There are a number of blindspots entrepreneurs may have. I would love to share all of them with you, but that would not be the most effective use of your time. Instead, I will share one of the most common and most destructive blindspots entrepreneur's have.Entrepreneur's are known for their creativity. Creativity can be your greatest asset. It also can be your greatest downfall.Most entrepreneurs are wildly creative people who have one great idea after another. With so many good ideas, it becomes difficult to focus.As an entrepreneur, you probably have an amazing ability to think of unique solutions to a
His incredible drive and ambition to achieve success is very attractive in spite of the fact that he has no qualms about how he goes about it. People see the energy, drive, and focus- qualities entrepreneurial sociopaths seem to possess in abundance—and they secretly wish they had these same qualities. Decent people and especially non-entrepreneurs cannot understand this properly. To us, the right thing seems so obvious yet the entrepreneurial sociopath deals with evidence that he may be mistaken about things with a selective perception of the world around him. He ‘compartmentalizes’ negative events and ignores their consequences. The entrepreneurial sociopath dismisses reality in favor of his own worldview. He deals with critics by rationalizing his own behavior and attacking their credibility. He’s developed a way of thinking that lets him behave immorally, even illegally by demonizing the forces arrayed against him, and there are forces arrayed against these people in the late stages of their self-destruction.
Like Al Pacino’s character, “Scarface” the first victims go without justice, or even a notice by the rest of the world. Later, gradually more powerful people are offended and a united front begins to develop between the unlikeliest of allies. Insignificant at first, but growing in power, determination, and ferocity as the months and years go on; soon the “trail of bodies” rises up against him. When the world caves in on the entrepreneurial sociopath, he’ll still be surrounded by admirers who are driven by their own nefarious motives, who will adopt his pattern of thinking and dealing with the world. After all, the people around him have two choices in dealing with him: leave, or be ostracized (for now). However, he’s constructed an empire with do defenses for the day of trouble which will surely come. When he’s down, the scoundrels who surround him will kick him; and the weak minded who were initially taken in by him will flee. Since his fragile ego requires that he attract only those he has influence over, he won’t have anyone left when his influence dissipates. His response will be to recruit new minor-league players and attempt to rebuild his empire. They’ll be powerless to do anything for him. Eventually, his reputation will precede him and the recruiting efforts will get substantially more difficult. He will neither stop, nor repent. Do not think that the entrepreneurial sociopath will ever give up, or give in. He won’t. He is the type of person who, if arrested and jailed, will be protesting his innocence the whole time, doing TV interviews and writing books from prison. Whether actually finally losing a lawsuit, or being jailed, or fined when his spectacular world finally blows up, the one thing he’ll never be is sorry.
Part II: Dealing With The Entrepreneurial Sociopath coming soon…
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