We’ve all, of course, read about the spectacular success of startups. It’s impossible to escape the amazing tales of people starting with an idea in a garage (think Apple) and growing it into a billion-dollar global business. But a startup isn’t as easy as those well-known stories might have you think. There’s a little bit of luck and a whole lot of other influences at play.
Tag Archives: entrepreneurship
Be Hard To Kill
What doesn’t kill you makes you stronger. This is for all of you who feel miserable, are doubting yourself and feel like giving up. Please don’t. Entrepreneurship, doing anything that changes the games, is hard!
25 Sources of Personal Competitive Advantage
What gives you confidence that you have an advantage in any situation? Shane Parrish from Farnamstreet started an interesting thread on Twitter about sources of personal competitive advantage, check them out below.
How Can My Company Become More Customer-Centric?
This is an interesting question I got asked recently, which has no straight-forward answer. To answer it, let’s breakdown what customer-centric means…
It Isn’t Working Doesn’t Mean It Won’t Work
One of the reasons people and organizations will never transform themselves is because they’re afraid of making mistakes. Either they never take risks, or they back out on the first sign something doesn’t work if they do make mistakes.
Eat The Bug: Do What Others Can’t Or Won’t Do
Every organizations lives and dies by its strategy. What makes a good strategy? The best strategies are simple and answer 5 fundamental questions: who, what, where, how and why.
Still, developing a strategy is hard. There’s a tendency to make it a very complex activity, which I believe drives most organizations to fall for many traps; one being the the copy-paste approach.
Startups, by their very nature, do not fall for this trap. But this doesn’t mean their path to victory will be easier; but much more harder.
How Do You Overcome The Early Adopter Challenge?
in Innovation, Leadership
There are three forces needed for innovation to happen: ability, infrastructure and market. When all three exist you have an industry. Creating a new industry is a long-term challenge, which many people and organizations will not take on. When starting out, every startup is in a race to create find product-market fit. It’s not about being first to market, it’s about getting the business model right.