bplanGURU
Monday, January 31, 2005
Lucky or Smart?
I just finished Bo Peabody's book, "Lucky or Smart: Secrets to an Entrepreneurial Life" and I've got to tell you, Bo has packed more wisdom and insight into 58 pages than most business writers can hope shoving into books 3 times as long.
Some of my favorite points:
- "Lucky things happen to entrepreneurs who start fundamentally innovative, morally compelling, and philosophically positive companies."
- "Good entrepreneurs are not, per se, lucky or smart. They are just smart enough to realize when they are getting lucky. It's a subtle but very important distinction."
- "Greatness is exactly the wrong thing for entrepreneurs to strive for. I tell my colleagues: "Never let great be the enemy of good." A good decision made quickly is far better than a great decision made slowly."
- Always be selling your stock. "Entrepreneurs have one job: to create a market for the stock in their start-up."
-"Entrepreneurs are B-students. There is no one thing they do well. But there are many things they do well enough."
- "As important as it is to know how to sell your way through important business situations, it is equally important to be able to recognize when there is in fact a right answer to a difficult question and you have no idea what it is."
- "Unchecked egos are the most destructive force in start-ups, and in business in general."
Strong statements. What do you think?
Thursday, January 13, 2005
Nice article from Strategy+Business.
"Out of a list of 12 potential steps their companies could take to improve their innovation practices, executives ranked understanding their customers better as the most important step to increase the value of innovation created in the product development process."
So why isn't this happening more?
How Companies Turn Customers' Big Ideas into Innovations
Monday, January 10, 2005
Probably the right thing to do...
But couldn't they come up with a better replacement name?
CTV.ca | Toyota drops 'Tsunami' name for sports car model
Monday, January 03, 2005
Amazing story...
An incredible girl- thank God she was actually paying attention in her geography class. Kudos also to all of the adults who took the time to listen to a 10 year-old girl.
Yahoo! News - British 'angel' saved hundreds from tsunami with classroom knowledge
