Archive for the ‘entrepreneurship’ Category
- Do you solve a real problem?
- Do your family/friends support you?
- Will you sacrifice anything to make your business a success, putting normal life on hold?
- Are you prepared for a lonely journey?
- Are you resilient enough to listen to NOs/doubters/haters, but stay headstrong?
- Do you care about your customers/business as if it’s your baby?
- Have you got co-founders that share your passion/vision?
Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t.
Ideally, I (entrepreneur) feel towards you (idea):
- intense desire/attraction;
- full dedication without (material) expectations in return;
- no sense of rigid ownership;
- love for what you’re now – support in your desire to grow;
- need to constantly communicate/interact;
- your right to go your way with my love/support still with you, despite me/my feelings;
- joy for moments shared together.
Love is the highest feeling humans can attain.
From Apple ad (1997):
Here’s to the crazy ones. The misfits. Rebels. Troublemakers. Round pegs in the square holes. The ones who see things differently. They’re not fond of rules, and they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world are the ones who do.
Crowdsourcing is predicted to outshine innovation. According to one research, nearly 50% entrepreneurs/startups are developing “knowledge-as-a-service” models, and crowdsourcing (not innovation)is THE jump-starter. Crowdsourcing has crowdsortium. Innovation hasn’t.
Google crowdsources creating maps in India.
LEGO, which almost went bankrupt in 1990s, changed its “chief-brick,” started an adult line, appointed ambassadors and is back on track – open innovation+customer engagement.
Crowd-wisdom as “corporate/customer democracy” is oxymoron – an intermediate layer filters/selects raw input.
Crowdsourcing + innovation = ?(needn’t be 0-sum game)
The three interlocking gears on logo can’t move in any direction – good analogy of American government’s current situation.
And in the last session of “White House White Board,” where Obama cronies/academics lecture America’s movers-n-shakers on how government can run along its brightest, Austan Goolsbee, a Chicago academic with 0 experience in business heading Obama’s ERAB, played his usual comedy by preaching about economic importance of startups/entrepreneurs.
While at Yale, Goolsbee was in improv comedy troupes.