Entrepreneurship is Awesome

Entrepreneurship is Awesome Entrepreneurs please Stop wasting people's time !!! Entrepreneurship is Awesome It's the best time in the history of the world to be

Entrepreneurship is Awesome


13 November 2012 - 5:36 am

Description

Entrepreneurship is Awesome Entrepreneurs please Stop wasting people's time !!! Entrepreneurship is Awesome It's the best time in the history of the world to be an entrepreneur because : 1- Costs are falling in all industries. 2- Barriers are being destroyed. 3- Disruption and chaos are everywhere. Why build a startup? Only entrepreneurship combines these three elements: 1- Change the world 2- Build an organization of lasting value 3- Make customers' lives better What is a startup? • A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty. • Nothing to do with size of company, sector of the economy, or industry. • Startup = Experiment Entrepreneurship is Management : • Our goal is to create an institution, not just a product. • Traditional management practices fail. • Need practices and principles geared to the startup context of extreme uncertainty. • Not just for "tow guys in a garage" The Pivot - What do successful startups have in common? - They started out as digital cash PDAs, but evolved into online payments for eBay. - They started building BASIC interpreters, but evolved into the world's largest operating systems monopoly. - They were shocked to discover their online games company was actually a photo-sharing site. - Pivot : change directions but stay grounded in what we've learned. Speed Wins - If we can reduce the time between pivots, We can increase our odds of success Before we run out of money.

Categories: Business  & Management

Tags: Entrepreneurship Awesome starup cost