$Economics, $Entrepreneurship, $Ethics
The “E”s of Business
About the Book
Economics, Entrepreneurship, Ethics, three subjects one does not often see addressed in one book. Yet upon reading and studying the different treatments, an overlap can be perceived and the interrelation of the three becomes evident for a successful business. The entrepreneur cannot live in isolation. To be successful and start, grow, and manage a profitable business with sustainability, he/she must be cognizant of all the factors that may impact (favorable and unfavorable) the business. In this regard a true internal locus-of-control, a firm belief that “if it is to be it is up to me” must exist. It is not enough to be expert in a particular line of business or trade. One must know the business-of-the-business. In so doing a working knowledge of the environment in which the business is to survive is essential. Besides the technical knowledge which may be necessary for operations, and besides the sales and marketing acumen possessed, the financial language of the business must be understood and constantly analyzed and monitored. As does the economic conditions of the market, industry, country, and the world; for all will have an effect on the future and success of the venture. Constant attention must be paid to government regulations and legislation. Ethical considerations and behavior must always be in the forefront of decision-making. In the final analysis the true entrepreneur is all alone. No matter how many key employees are hired, business partners and investors are acquired, advisors and consultants are made available, the founder and perhaps the CEO and COO for an extended period of time, can never delegate ultimate responsibility. It is therefore necessary to always be working on the business and not simply working in the business. A business person, founder, owner, manager, entrepreneur certainly does not deal with economics, entrepreneurship, and ethics in isolation. They are interwoven and necessary for every productive decision made. This book, $Economics, $Entrepreneurship, $Ethics, accompanying the others in the series, $The Entrepreneur’s Edge – Finding the Money, $The Entrepreneur’s Manager – The Business Man’s Business Plan, and $The Entrepreneur’s Guide – To Start, Grow, and Manage a Profitable Business, helps to fill the tool box necessary for every entrepreneur and business manager. “Entrepreneurship is based upon the same principles, whether the entrepreneur is an existing large institution or an individual starting his or her new venture singlehanded. The rules are pretty much the same, the things that work and those that don’t are pretty much the same, and so are the kinds of innovation and where to look for them. In every case, there is a discipline we might call Entrepreneurial Management.” Peter Drucker
About the Author
Dr. Hogan is a career banker, financier, and educator; He organized and obtained approval for a national bank and a state bank. Prior to being Chairman of the Board and President of these banks, he was Senior Vice President and Chairman of the Commercial Loan Committee of the former National Bank of Commerce. Concurrently with organizing the new banks, in 1985 he incorporated, and presently operates as President, Hogan Financial Corporation, “The Entrepreneur’s Edge”, a commercial lending and management consulting company, and as of January 2003 organized and incorporated Hogan Business School, Inc., “The Entrepreneur’s Source.” He is or has been a Visiting Professor in the College of Business at Loyola University New Orleans, Concordia University Wisconsin, Nunez Community College Chalmette, and the University of New Orleans with emphasis on Entrepreneurship, Franchising, Banking, and Management Skills. He has served as a business consultant at the University of New Orleans Small Business Development Center and has conducted various Small Business Development Center’s entrepreneur, business and banking seminars. He has instructed at the Kauffman Foundation’s FastTrac Entrepreneur Program. He has taught at the American Institute of Banking. He served as a member of the Board of Directors of the University of New Orleans Alumni Association and a member of the Managing Committee, Chairman of the Strategic Management Committee. He holds a Doctor of Philosophy in Business Administration/Management from Kennedy-Western University-Dissertation “Effect of Entrepreneur Leadership on Management”, Master of Business Administration and Bachelor of Science Business Administration Degrees from the University of New Orleans, a Graduate Commercial Lending Certificate from the University of Oklahoma, and a Graduate Commercial Banking Certificate from the Louisiana State University Graduate School of Banking. He has earned a Graduate Certificate designation as a CFE, Certified Franchise Executive, from the University of Texas at El Paso, and is a Dun & Bradstreet Certified Financial and Credit Analyst. Having sat for and passed the State of Louisiana Examination requirements; he has been sworn in as a Louisiana Civil Law Notary and is empowered as a Notary Public in the State of Louisiana, Orleans Parish.