Are Entrepreneurs Safe?

I have always wondered what the world would be like without the entrepreneurial spirit and heart of those that have built and established companies that are now multi-million, if not billion dollar companies. What ignited the thought to venture out and be set apart? How did they go about obtaining funds? What kind of partnerships/alliances do they have? All of these thoughts come to mind and I am thinking, “How can I get down?” I was fortunate enough to come across a video interview with Eric Garland on TransmitNow. TransmitNow offers year-round global programming in a variety of markets, populated by global thinkers and innovative developers. Jonas Woost, a Digital Media Advisor from Canada sits down with Eric Garland to discuss “challenges of being an entrepreneur in the entertainment industry.”

While some entrepreneurs are struggling to stay ahead of the debilitating economic crises, others are remaining optimistic that the money is still out there and creating jobs instead. In the interview Garland explains that the business itself is dependent upon cooperation from large media companies, who are sometimes unwilling to fund small projects. Also, “It is very difficult for us to realize a vision that furthers the business. One that changes and improves upon the risks that they don’t want to take.” You may be wondering if this situation can be “fixed”. Indeed it can. According to Eric, there is “not an easy fix, maybe with a time machine.” If we “align the fundamentals in a group of new industries that constitute the music industry or entertainment industry, we are well on our way to fixing it.” When he says fixed, he is referring to correcting the issues that have plagued the entertainment industry when there was “a lot of dumb money” being spent. He concludes by saying that “In the last 5 years, the situation has almost entirely corrected just by virtue of the fact that when these businesses have declined from a revenue loss and layoffs, has resulted in a much leaner version in terms of infrastructure.”

References:

transmitNOW interview with Eric Garland from transmitNOW on Vimeo.