One of the hardest things to do when defining what your business does is explaining it in the simplest of terms; the key challenge is distinguishing between features and benefits. The reason that this is so vitally important is that, in the words of User Onboarding: “People don’t buy products; they buy better versions of themselves.”…
Tag Archives: entrepreneurship
What the leader of the future looks like
The leader of the future is very different than the one we are used to talking about. How so? Consider three things:
- The digitization of the enterprise;
- Women are leaving the workforce in droves to start their own businesses;
- Millennials have replaced boomers as the largest segment of the workforce.
One trait that determines success of your entrepreneurial ecosystem
Though most everyone agrees on what the basic components of an entrepreneurial ecosystem are, it is a myth that simply having those components will result in game-changing innovation.
For example, think about Silicon Valley, the use case for all innovation ecosystems; why and how does it sustain innovation? Sure, culture is one component. But, what distinct behaviors drive that? I believe the most important one is a “paying it forward” attitude. …
Timing: The single biggest reason why startups succeed
Why do startups like AirBnB, Uber, Space X succeed while other fail? Is it the team? Funding? Timing? Idea? Business model?
You, and most people, will think it’s all about the idea, the team and execution. It’s neither. According to serial entrepreneur Bill Gross, it’s all about timing.…
A simple piece of advice on how to disrupt yourself
40% of today’s Fortune 500 companies will be gone in ten years:…
New Disruption Study: How entrepreneurship is driving corporate reinvention
in Innovation
With the inevitable rise of entrepreneurship and startups driving customer innovation, incumbent companies have begun adopting some of their techniques to either catch up or really stimulate transformation within the enterprise.
A recent report by BPI Network called “Start-Up Innovation: Inspiring Business Transformation,” examines the impact of digital disruption on global enterprises and markets.
The research report is based on an online survey of more than 250 enterprise business leaders and innovators across North America, Europe and Asia.
We don’t need a society of more entrepreneurs; we need a society of hungry minds
As we continue discussing The Future for Youth, we’ve come up with some interesting ideas about what that looks like. One of the key ideas that has come up again and again is that parents should raise entrepreneurial children with the aim that everyone is and should be an entrepreneur.
Should we teach young people to be entrepreneurs? …