What is the fat cat syndrome? Here are a few definitions:
Having been part of a handful of startups and running a few of my own, I can tell you it’s not for everyone. Most startups fail, for many reasons, and when they do succeed it’s mostly determined by one factor: timing.
I recently had a chat with a group of entrepreneurs and one question I got asked was about differentiating persistence and stubbornness. This is an important question, here I share my response…
Innovation is messy, it just doesn’t happen in a straight line. The entrepreneurs, innovators, anybody who achieves great outcomes, have many traits in common which help them push through the ups and downs: stubbornness and persistence.
You can’t predict the future, you have to create it. Still, a main component of doing innovation is forecasting; understanding what drives the future. This is something I get asked about a lot, and don’t claim to be a futurist. What I do know is that one of the key skills of the future is imagining future scenarios; futuring.
Rebels, misfits, renegades, heretics or troublemakers whatever you call them, are commonly seen as difficult to work with. Why? Because their strengths (driven, talented, smart and impatient in achieving outcomes) can sometimes make them come across as assholes and go rogue.
Innovation is hard, it doesn’t happen by following a tried and true cookie cutter approach. It often begins when someone begins to think and act differently, usually in isolation, from the rest of an organization; challenging convention.
Society loves experts! Why? Because people are highly persuaded by authority; and being an expert is considered being an authority. But experts are human, and therefore are fallible in their judgment; especially when it comes to predicting the future.