Speaker presentation response paper - Essay Example

For instance, Mark Zuckerberg, the person who founded Facebook claims to have been inspired by his desire to communicate with people. Although the Facebook idea began as a small idea, Zuckerberg has become a global icon by simply following his passion (Dolbeck 1-2). Passion plays an important role when determining one’s career and future business, as success can never be achieved without contentment with what one is doing. Conceivably one more insight in the presentation that attracts attention is the inability of most people to realize their full potential because of low self-esteem.

Irrefutably, one has to discover their inner ability to perform in any sector before they can achieve real success. One would argue that given the fact that the speaker makes quite some sense in their presentation, a number of issues such as the of winning contracts and tenders arise as controversial thus requiring more consideration. Whereas the speaker has encouraged investors to be cautious of the business environment, it is undeniable that modern business environment has become increasingly challenging making it difficult to begin businesses.

For instance, small and medium enterprises often had to contend with the fact that large and well established multinational corporations such as Wal-Mart offer stiff competition. Indeed, many small and start up businesses have either been swallowed or simply failed to take root if established within the vicinity of these multinational corporations. Usually, prospective businesspersons must put into consideration their ability to win and implement contracts successfully before they fully commit to such business practices.

This is majorly because various business ventures have unique challenges that their owners must fully understand in order to succeed. Moreover, the capital input is another crucial aspect in financing of start-up businesses. This is particularly so because while some ventures require small amounts of finances to start, others require enormous capital input that might drain an individual hoping to establish a start-up. Whereas the speaker seems optimistic on the possibilities of small businesses to grow and make appreciable profits, starting too small makes such endeavors take longer time than necessary.

This seemingly discourages many small investors to stay in the start up businesses until the break-even point. The speaker has controversially argued in support of success without prior exposure to a particular venture. This has been significantly true for iconic businesses such as Microsoft, Facebook, and Coca-Cola among others. People who had no prior experience in the respective fields started such corporations. However, modern business environment arguably dictate the need to have prior experience.

It does not come by surprise that many business people have been employed in other related businesses at least at some point in their lifetime. Having prior experience makes a business investment more of a “shoot on target” than a “shoot in the dark.” Although prior experience seems to guarantee success, it hinders creative thinking on the other hand (Psychogios and Saso 4-12). The speaker discusses the need to have an idea of the business environment when thinking of investments. Having been a victim of deep financial losses in one of my business ventures, I can identify with his claim.

The speaker