Learning to explore is a key skill for entrepreneurs. Ask questions you don’t know the answer to–where the answer would have an impact on your ability to assess the risk in your venture or would help you to define a key aspect of your business.
Buying a Map vs. Learning to Explore Read More »
People ask me where to get started. Lately I have been telling them: start where you are and sell what you have. Meet people, help them connect, and explore possibilities. Knit your network now before you need it.
Start Where You Are Read More »
From time to time I run into a business card that makes me think. Here’s one that I will model as I update my own cards. Also check out some cool business cards from last year. Back:
Time To Update Your Business Card Read More »
The essence of entrepreneurship is a free exchange of value–what the Romans called “quid pro quo”–that leaves all parties better off: no one loses.
Zero Sum vs. Quid Pro Quo Read More »
“Some buildings need air conditioning because they have air conditioning. Because they were designed to be air conditioned, they have no natural ventilation and would be miserable to inhabit without air conditioning.” John Cook in “Maybe You Only Need It Because You Have It“ I wonder if the same thing happens to some fraction of
The Venture Lifestyle Business Read More »
David Mamet in a 1997 interview with Richard Covington suggests a paradigm for entrepreneurs based on behavior of nomadic people in a new location: make a new solution that hasn’t occurred to the indigenous people because the indigenous people have been there too long.
Nomadic Entrepreneurs In Indigenous Markets Read More »
What follows is a chat transcript from an hour long conversation I had with a entrepreneur recently. I have cleaned up all of our typos and removed or modified some identifying information. The basic business was for a website to arrange services for travelers. I wanted the entrepreneur to move beyond his passion for the
Build On Your Passion With A Basic Model And Numbers Read More »
Inspired by Eames’ “Powers of Ten” I explore the scope and scale of plans and activities based on duration. I take a one hour duration as the starting point and look at a factor or 10,000 in each direction: from 1/300 of a second to 10,000 hours.
Scope and Scale of Plans and Activities Read More »
The first 3 unknowns for a startup are Customers, Features, and Message. Of these the target customer is the key variable to lock down first.
3 Equations & 3 Unknowns: Target Customer is Key Initial Value Read More »
I was recently interviewed by Floyd Tucker of DreamSimplicity Marketplace and the interview can be seen below and on DreamSimplicity.com. We talk about how even though each startup team is unique, they have a common set of milestones they have to achieve to move from idea to revenue. We also chat briefly about the Bootstrapper
DreamSimplicity Interviews Sean Murphy Read More »
This post builds on my earlier “Finding a Co-Founder” and “Compromise & Get Started” posts on the challenges with finding a co-founder for your software startup. It assumes you are working at least part time with a potential co-founder exploring if you can collaborate successfully and generate revenue from a new jointly developed product or
Finding a Co-Founder: 3 Months Is a Long Time Read More »
Building on yesterday’s “Finding A Co-Founder” I want to identify a couple of common challenges to getting started with people you have had prior shared success with and offer some suggestions for how to compromise and get started working with them. Reconnect with Folks You Have Successfully Collaborated With I suggested the following approach: Make
Finding A Co-Founder: Compromise & Get Started Read More »
This is based on both my direct experience and stories folks have shared at the Bootstrappers Breakfast® over the last few years about finding a co-founder.
Finding A Co-Founder Read More »
Successful innovation results when entrepreneurs manage their own shortcomings, find a problem they care about, and approach it from different angles with small safe-to-fail experiments.
Innovation Needs Starvation, Pressure, and a New Perspective Read More »
It’s easier to become very good at two or three things than the best at one specific thing: this “Jack of all Trades” strategy applies both for career and entrepreneurial endeavors.
Jack of All Trades Read More »
I think that there are better, impossible, and unthinkable products. Better products are “15 minutes ahead.” Impossible products relax one or two design key constraints. Unthinkable products restructure the design pattern or paradigm to achieve an unprecedented result.
Better, Impossible, and Unthinkable Products Read More »
Update Feb-24-2011: Since I first wrote this in 2010 the Effectuation.Org site has been considerably upgraded and contains a lot more information on research on entrepreneurship by Saras Sarasvathy. Recapping ideas, papers, and books that had changed my life yesterday reminded me of Saras Sarasvathy’s Effectual Reasoning Model from her 2001 paper “What Makes Entrepreneurs
Saras Sarasvathy’s Effectual Reasoning Model for Expert Entrepreneurs Read More »
Just a quick reminder, the early bird rate ends next week for our Jan 12, 2010 Idea to Revenue workshop in Redwood Shores, CA. If you are in formation or the early days of your startup this is a good opportunity to spend four hours on your business with your team members. We help you
Early Bird for Jan-2010 “Idea to Revenue” Ends Next Week Read More »
George Grellas offered some great advice on the difference between insightful and “window dressing” advisory boards on Hacker News I have reprinted here with his permission
George Grellas on Insightful vs. “Window Dressing” Advisory Boards Read More »
Someone with the label selfemploy posted the following question (note the fact that he is in Bangalore appears later in the thread, I have included it in the body of the question) on Hacker News earlier this month. As the recession continues to affect not only in Silicon Valley but many engineers around the world
4 Steps to Prepare for a Startup While You are Still Employed Read More »
