Culture of Entrepreneur

Fig 1. Culture

Why is Culture important?

Culture play an extremely crucial role in part and parcel of lives. It will sway people point of view, humor, value, hope, loyalties and fear. Besides that, there are lots of culture instead of one such as high culture, low culture organization culture, cyber culture and so on. (Yadav, 2023). Culture promotes diversity and inclusion since, when people come from a different culture stick together in a area like workplace or school people will share their culture and way of life what are the different between them and us. Understanding culture from other races will increase our general knowledge as well as awareness. Henceforth we will not easily crossed others line and triggered them. This will get rid of unwanted trouble and also enhance our relationship among us and people from other race. For workplace inclusion, multicultural teams will lead to variety of viewpoints and plan to problem solving. On the other hand, student can understand a wide range of interesting cultural histories and contributions in school.(Carizal, 2023).

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Culture is a crucial element in business for several reasons, impacting both internal dynamics and external relations. First and foremost, a good business culture increases employee engagement which is a significant benefit that is connected to several positive outcomes. For instance, productivity, customer loyalty, employee well-being, participation, reduced safety incidents and absenteeism. Apart from that, enhancing employee retention is also one of the benefits of having a good business culture. With a high number of workers either thinking about leaving their current jobs or actively searching for a new job, employee retention has risen in importance across all industries. To further illustrate this, 90% of workers who rated their company culture as poor have thought about quitting, compared to only 32% who rated their culture as good. (Wong, 2024)

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Did Facebook overpaid for WhatsApp

Fig 2. Entrepreneur Mindset

Facebook is an app that users feel free to share their thoughts and posts. It can a be launch through mobile, laptop, or tablet, lately everyone would use messenger to send messages to each other which messenger was one of the features from Facebook. In addition, WhatsApp offers end-to-end encryption for message and ads free which is good for business purpose compared to Facebook messenger does not offer that feature as WhatsApp. Moreover, whenever users want to contact someone, they would use WhatsApp as their priority choice since it has video call, short messages and location information to keep in touch each other’s almost at the same time. As a conclusion, Facebook overpaid for WhatsApp is one of the ways to emerging business as Mark Zuckerberg pulling the trigger on this. (Kerravala, 2014).

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Facebook's $19 billion acquisition of WhatsApp in 2014 sparked debate over whether it overpaid. The high valuation was justified by WhatsApp's massive and growing user base, strategic market position, and potential for future revenue through business services and ads. Acquiring WhatsApp also helped Facebook strengthen its presence in mobile and international markets, creating synergies within its ecosystem. However, critics pointed to the high price, minimal immediate revenue, and uncertainties about monetization without alienating users. Despite regulatory concerns, WhatsApp's user base surpassed 2 billion by 2020, and Facebook began exploring revenue streams like WhatsApp Business and payment services. The acquisition solidified Facebook's dominance in global messaging, providing strategic long-term benefits. Whether Facebook overpaid ultimately depends on the perspective of WhatsApp's value in terms of user growth, revenue potential, and strategic alignment within the evolving digital communication landscape. (Network world, 2014).

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Problems in bringing in new Investors

Fig 3. Investors meeting

Once an entrepreneur has a good grip on their business, applying all the mindset, effectuation, risk management, adaptability, and culture, they should first focus on bringing in an investor willing to fund their business. Unfortunately, there are a lot of factors that might discourage investors from a startup business.

The first and most obvious factor is the risk and uncertainty of a new startup. The well-known statistic floating around the startup space is that 9 out of 10 startups fail due to many factors such as marketing issues, the product not finding its market, and many more (Ashford, 2024). This implies that startup investments have a very high chance of a total loss for the investor.

The second factor comes from the fact that startups are illiquid investments, meaning that you will not be able to easily sell or convert the investment into cash (Marquit, 2024). Whenever someone is investing into a startup, the money will be inaccessible for a few years with some rare opportunities for secondary liquidity (Ashford, 2024).

The third factor can be applied for most investments, because almost every investment takes a lot of time for it to flourish. This is especially true for startups, since it can take multiple years before an investor is able to enjoy the outcome of their investment, even if the startup is a success (Ashford, 2024).

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Moving on to the fourth factor, some startup businesses might demand high funding or investments in their new business. As stated in the first factor, the future of a new startup is unknown. Thus, investors are reluctant to take the risk and invest in a new business.

Usually, these startups, especially those that are entering a new industry, should not request too much from investors as it shows that your company or business lacks experience and knowledge about the industry, meaning your business needs extra funding for trial and error (Muriuki, 2020).

The fifth factor is related to the products or services your company is selling and consumers; this factor will affect every business, so it is a known factor among entrepreneurs. If the products or services your company is selling do not attract customers, neither will it attract new investors (Tatum, 2024). Also, if there has been a long history of unhappy customers in the past, investors will also avoid investing in your business.

To prevent this, a company or business should revolve around the customers' needs and listen to their feedback, making sure customers are satisfied with your products or services. Addition to that, when a company listens to customers' feedback and makes changes to it, customers will feel cared for and be more likely to continue supporting your company (Tatum, 2024). Thus, creating a good brand image in the industry also boosts the chances of bringing in new investors into your business.

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References

Yadav, S. (2023). 17 Types of culture (2024). Helpful Professor.

https://helpfulprofessor.com/types-of- culture/

Kerravala, Z. (2014). Did Facebook overpay for WhatsApp? Network World.

https://www.networkworld.com/article/748104/cisco-subnet-did-facebook-overpay-for- whatsapp.html

Wong, B., JD. (2024). What is company culture? Definition & Development Strategies. Forbes

Advisor. https://www.forbes.com/advisor/business/company-culture/

Ashford, K. (2024). How to invest in a startup. Forbes Advisor.

https://www.forbes.com/advisor/investing/invest-in-startups/

Marquit, M. (2021). Understanding liquidity and liquid assets. Forbes Advisor.

https://www.forbes.com/advisor/investing/liquidity-and-liquid-assets/