Category: Article (Page 4 of 4)

The 10 D’s of Entrepreneurship

The 10 D’s of Entrepreneurship were first characterized by William Graves – author of the Portable MBA in Entrepreneurship.

The 10 D’s are the ten key characteristics that most entrepreneurs tend to possess. If you dream of becoming an entrepreneur or turning your technology idea into a business on your own, you might want to consider if you possess these qualities…

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Planning is Guessing

Transcript of a presentation by David Hansson – co-founder of the successful web based firm called 37signals and the founder of the Ruby on Rails development environment.
 
One of the biggest things (with startups) is probably realizing that planning is guessing. And all of those techniques that you’ve been taught are mostly about planning. Long term planning, strategic planning, tactical planning. All sorts of planning that leads to really, really funny things like start-ups that have five-year growth plans. What? You don’t even have anything yet and you’re theorizing about how it’s going to look in year five? How do you know? You don’t…

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Business Plan – The One Hour Plan

bplanShould you spend precious management time on a business plan or not? This has been the subject of big debates. Good planning can strengthen an organization’s productivity, efficiency and profitability and yet few organizations make the time or effort to do this. Why? Well, there are some fundamental problems organizations face when they start out to make a serious business plan… .

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Self-Motivation Lessons From An Entrepreneur

Self-Motivation lessonsOver the last 10 years, in the quest to build a sustainable business, I have discovered through personal experience what I did not know when I set out. This is that self motivation is the main reason that anyone succeeds at anything. I also learnt that there are some truths that anyone setting out on a challenging journey will encounter sooner or later…

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24 Steps to a Successful Startup

An extract from a book summary of Disciplined Entrepreneurship: 24 Steps to a Successful Startup by Bill Aulet. Bill Aulet should know a few things about entrepreneurship. He is the managing director of the Martin Trust Center for MIT Entrepreneurship, which supports entrepreneurship education at MIT. 

 

24 Steps to a Successful StartupFirst off, entrepreneurship can be taught. Building a product is key to entrepreneurship, and that process is learnable. Other myths that entrepreneurs should reject include the role of the individual (in fact, multiple cofounders are more successful than solopreneurs) and the role of charisma (communication, recruiting, and sales skills are much more important)…

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Steve Jobs at Stanford University

This is the text of the Commencement address by Steve Jobs, late CEO of Apple Computer and of Pixar Animation Studios, delivered on June 12, 2005.
 
I am honored to be with you today at your commencement from one of the finest universities in the world. I never graduated from college. Truth be told, this is the closest I’ve ever gotten to a college graduation. Today I want to tell you three stories from my life. That’s it. No big deal. Just three stories…

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Are You A Wantrapreneur?

Are you a wantrapreneur or entrepreneur?First, some definitions. A wantrapreneur is a person who wants to be an entrepreneur, but has either not made the full commitment or is pursuing the endeavor in a haphazard “should I – should I not” manner. An entrepreneur is someone who has a business idea and converts it into an organization. How do you know if you are a a wantrapreneur or a potential entrepreneur? Here are a few ways to find out…

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Idea versus Execution

When we ask participants in our business school and entrepreneurship classes what is more important: the business idea versus execution of it, we find that about half vote for the idea and the other half believe it is execution that matters. So is there one correct answer to this question, or does this really depend on the circumstances or situation? You decide…

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The Typical Startup

Most startups begin with the founder(s) thinking about some product or service they feel people will need. When they fail to gain traction many months, sometimes years later, it is almost always because often because they never did any real marketing research or spoke to target customers about whether their offering was relevant. Most probably, they had no idea of who the target customer was anyway. When it dawns on the founder(s) that the market does not really care about their product, it is usually too late and the startup fails.

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