Posts Tagged: entrepreneurship

Text

This is a very important revelation. So many startups have visions of Silicon Valley running around their heads. What they don’t realize is their applications are just part of a growing sea of noise.

What every company needs is customers. Creating them is not easy for a bootstrapped startup. However, the first thing that SHOULD come to mind is what existing platforms, companies, or networks already reach your desired customer. While it might even be a temporary exercise, it can build that momentum needed to get noticed.

Crossing the Chasm is another thing. Partnering for strategic customer reach can even make a product into a household name. Even an online service. Take for example Netflix. If not for BestBuy and OEM relationships like Samsung, it wouldn’t have the number of users it does today. Rapid growth has built more than just a following, it built scale that creates value and acts as a defensive tactical barrier to entry for would-be competitors. Apple TV, just didn’t get the traction; and in comparison, never had the level of distribution that Netflix had.

Just sayin

Link

The Pivot: Better to Abandon a Solution Than Your Investors

Startup not getting traction? Pivot before you die. If you’ve got nothing to Pivot to, then you have no mojo. Investors should be open to the concept of Pivot to protect their investment; and, they should be on the look out for good leaders that can see and activate opportunities rapidly. After all, that is what the investors pay for isn’t it?

Text

A lot of posters here miss the point - as does the article.

There are lots of “independent business owners,” but few are actually “entrepreneurs.” Most are skilled technitions or managers in their fields and they work IN their own business, but fewer still work ON their business. There is a difference.

Self-employment is on one end of the continuum and Entrepreneurship is on the opposite. The difference is what the individual actually does for the business: Are they simply doing what they were doing for the “Man” before they started working for themselves? Or, are they working at building a “world classs company” that does the things they once did for a living?

Don’t be dilusional about self-employment, even if you are not working by yourself - it is still not entrepreneurial. One must really be working on building a company that is less egoistic and more centered around its stakeholders i.e. what’s in it for them, instead of what’s in it for me. When you understand this, you understand the difference between the self-employed business owner and the entrepreneur.

Amplify’d from www.businessweek.com

Stephen Duke: Entrepreneurship is About Stakeholders

Reader Stephen Duke Writes: “Self-employment is on one end of the continuum and entrepreneurship is on the opposite. The difference is what the individual actually does for the business.”

Read more at www.businessweek.com