Tag: Innovative Managers

10 Rare Lessons For Entrepreneurs

by Bright Osadiaye, posted in Health & Well-Being, Improve Academy, Leadership, Management, Personal Development, Workplace Learning
Photo by RDNE Stock project on Pexels.com

‘Nothing extraordinary is ever achieved through ordinary means.’- Tren Griffin

‘A startup is a temporary organization designed to search for a repeatable and scalable business model.’- Steve Blank

‘A company is a permanent organization designed to execute a repeatable and scalable business model.’-Steve Blank

‘If you don’t have the right product and you don’t time it right, you are going to fail.’– Bill Campbell

‘The question is not ‘Can this product be built?’ Instead, the questions are ‘Should this product be built?’ and ‘Can we build a sustainable business around this set of products and services.”’- Eric Ries

‘Every action you take in product development, in marketing, every conversation you have, everything you do- is an experiment. If you can conceptualize your work not as building features, not as launching campaigns, but as running experiments, you can get radically more done with less efforts.’- Eric Ries

‘New customers come from the actions of past customers.’- Eric Ries

‘You want an idea that not many other people are working on, and it is okay if it doesn’t sound big at first.’- Sam Altman

‘No growth hack, brilliant marketing idea, or sales team can save you long term if you don’t have a sufficient good product.’- Sam Altman

‘You will know if you like venture capital well before you know if you are any good at it.’- Sam Anderson

‘In anything worth doing, it takes a team to win.’- John Doerr

Source

Tren Griffin (2017). A Dozen Lessons for Entrepreneurs

‘How To Spot Inflection Points In Business Before They Happen’

by Bright Osadiaye, posted in Health & Well-Being, Improve Academy, Leadership, Management, Personal Development, Workplace Learning
Photo by AlphaTradeZone on Pexels.com

‘Snow melts from the edges. The changes that are going to fundamentally influence the future of your business are brewing on the periphery. To avoid being taken by surprise by an inflection point, you need to be exposed to what is happening at the edges.’

‘An inflection point happens when a 10X change alters the basic assumptions upon which a business is built.’

‘Start defining your arena by asking which pool of resources- typically revenues- your business currently relies on. What other players might be trying to grap those same resources, even if they don’t make or offer products and services similar to yours.’

‘Practices that displease or even enrage customers can create an opening for a disruptive player to come into your markets and cause customers to defect.’

‘Even when you see an inflection point on the horizon, it can take a lot longer than you think for it to actually arrive.’

‘Creating a plan for fast learning is something successful serial entrepreneurs do almost by instinct.’

‘Good ideas are … important, but the initial ideas that innovators pursue are seldom the ones that make it to market.’

‘We tend to imbue CEOs and senior leaders with supernatural powers when they succeed and with damning deficiencies when they fail.’

‘Internal friction and competition can undermine even the correct response to changing times. Managing politics is a key task for any would-be change agent.’

‘Big changes are often signaled by seemingly small and incremental shifts that nonetheless release a constraint in an existing model, opening it up to an inflection point.’

Source

Rita McGrath (2019). Seeing Around Corners: How to Spot Inflection Points in Business Before they Happen