If you are attempting to be an entrepreneur, one of the basic steps is understanding what it is. Having a dream that will motivate you endlessly and give you a direction to move forward is a blessing. Most of us take decades to uncover what our dreams are. But even when that dream will drive you and push you to work towards success, it alone can’t make you successful. In order to do that, you will have to research, study and thereby understand what you are getting into. Well, as an aspiring entrepreneur, you may be well-informed about entrepreneurship, but what about being an entrepreneur? Are you even aware of the different kinds of entrepreneurs that exist? Well, let’s start with learning more about Fabian entrepreneur.
What does Fabian mean?
Before analyzing who a Fabian entrepreneur is, let’s start with the term Fabian. Fabian means someone who is a member or a sympathizer of the Fabian society. Now, you’ll probably be wondering what a Fabian society is. The Fabian Society is a British Socialist organization that resembles or employs the delaying tactics of the Roman general Quintus Fabius Maximus. They advance their principles on social democracy and socialism via gradualist and reformist efforts in democracies rather than by revolutionary overthrow. If so, then what is Fabianism?
Fabianism
Fabius was a Roman military commander and statesman. He was nicknamed Cunctator, which means delayed, because of the cautious delaying tactics he employed during the early stages of the Second Punic War. This tactic, where he waged a war of slow attrition by avoiding direct engagements as much as possible, gave Rome enough time to recover its strength. As a result, gradual and cautious policies became known as Fabianism or Fabian strategy. Now let’s look at who a Fabian entrepreneur is.
Who is a Fabian entrepreneur?
Yes, the Fabian strategy can be advantageous when employed in the political or democratic field. But unfortunately, we cannot say the same in the field of business. Most of us women may fall under the category of Fabian entrepreneur. We get as many assurances as possible before moving on to the next step. Our society has moulded us to be careful at every step, ensuring we always walk safe, prescribed paths. But, for an entrepreneur, that entity is of utmost importance. You have to make decisions and take action at the right time. If you do, you may retain an opportunity to grow your business.
Fabian entrepreneur face this risk. They are not fans of change and are naturally skeptical of it. Hence, they walk the familiar roads and imitate the already-made decisions. They are scared of innovations and only choose that path when they have zero other options. As a result, they are incapable of making that leap of faith which often makes a business successful.
By a general rule of thumb, one can state that most second-generation entrepreneurs turn out to be the Fabian entrepreneur. Instead of trying to grow the enterprise their older generation has created, they would rather try to maintain them. In other words, Fabian entrepreneurs try to sustain the business than make it a success. Hey, can’t you see how disadvantageous this approach can be? Then let me explain.
The disadvantage of becoming a Fabian entrepreneur
Fabian entrepreneur don’t like change, or in other words, innovation. They tend to steer away from innovation until they cannot continue without it. They are so sued to the conventional forms that the idea of readily accepting change makes them scared. Their lack of courage to step into unknown territory will make them lose valuable opportunities. This lack of initiative from a Fabian entrepreneur will keep their company from progressing.
A Fabian entrepreneur, who holds herself back from participating in the changing trends and strategies, can inevitably keep her whole company from advancing. Her inability to make an informed and favourable decision to the company just because of the inherent inhibitions she feels will affect not only her but also the employees who work for her. Moreover, as the Fabian entrepreneur tend to concentrate on the present rather than the future, they need long-lasting strategies. It is a major disadvantage.
So, in short, fellow women, train yourself to make operational decisions. Venture into new technologies and move along with the changing times. Don’t let change frighten you because change is always a sign of movement. It will guarantee that you are not stagnant or stuck, which will also guarantee that you can move forward in your life. So, be bold, be active and conquer the world!