Jason Roberts 2010 “Luck Surface Area” model explains the need for entrepreneurs to combine time spent doing and developing expertise with time spent communicating with others. It’s a very useful and actionable insight. Unfortunately, the diagram he chose to illustrate the model assumes that entrepreneurs have an unlimited amount of [...]
A selection of quotes from Naval Ravikant's tweetstream on "How to Get Rich (Without Getting Lucky)" inverted as advice on how to avoid bad luck. Naval Ravikant On Avoiding Bad Luck Earlier this year Naval Ravikant posted a tweet stream of tweets on the theme of "How to Get Rich [...]
My longer answer to “Do you ever get the feeling that everything you know is wrong?” The short answer is “yes, every few years.” […]
It’s been 17 years since the Sep-11-2001 attack and almost 77 years since the Dec-7-1941 Pearl Harbor attack that started World War 2. Both attacks achieved strategic surprise and had substantial long-term effects. What follows are some excerpts from the forward by Thomas Schelling Roberta Wohlstetter’s book “Pearl Harbor: Warning [...]
Two folks in different Mastermind groups added newborns to their households in the last few months experiencing all of the joys and anxieties and frustrations and insights they bring. I thought it would be fun to compare a startup’s first product with a couple’s first child. […]
Key points from Mary Sorber’s presentation on “Qualitative Research: Problem Exploration for Lean Startups” at Lean Culture July-31-2018. […]
Suhail Doshi, founder of Mixpanel, shared a candid assessment of mistakes he made in the first 18 months of the six startups he has founded in “The first 18 months of starting a company: it’s life or death.” Here are 7 key pieces of advice that highlight mistakes first founders [...]
David L. Akin is the Director, SpaceSystems Laboratory at the University of Maryland. He is also the author of “Akin’s Laws of Spacecraft Design.” He lists more than 40 laws: I selected ten when I blogged about “Applying Akin’s Laws of Spacecraft Design To Startups” here are six more that [...]
This blog post is an overview of a series of blog posts on “The Shape of Firms to Come.” It’s an attempt to outline what I believe are key values that businesses will embrace to endure over the next 25 years. […]
Safia Abdalla (@captainsafia) wrote a list of 24 “Things I Learned in 2017.” Here are ten that really resonated with me. […]
Peter Drucker has suggested that businesses organize their abandonment of business and practices that they never would have started doing if they knew when they start what they know now. This is my effort at 2018 renunciations for SKMurphy, Inc and in my personal life. […]
It’s not uncommon for an entrepreneur to feel stuck in low gear, falling behind both the competition and their own plans for progress. Here are some suggestions for how to keep calm and carry on. […]
A reasoned rule approach is a good first step to managing decisions that fall into common patterns or cases. You identify six to eight variables that are distinct and obviously impact the outcome of the case and normalize them into standard scores that can then be added or averaged to [...]
Morgan Housel (@morganhousel) documented ten insights in “What I Believe Most” (July 5, 2017), here are my top four that I think are the most useful advice for bootstrapping entrepreneurs. […]
There are few–if any–real secrets to entrepreneurial success. Most entrepreneurial secrets are hiding in plain sight, available to anyone who keeps their eyes and ears open and is willing to ask questions. […]
It’s not uncommon for a startup’s offering to evolve from service to system integration to product. Here is an explanation for the reasons and benefits. […]
Key product management lessons learned extracted from two blog posts by John P. Cutler: “50 Things I’ve Learned About Product Management” and “Feedback Loops and Done.” […]
A focus on inefficiencies is a good method to find a underserved market where you can bootstrap you way to viability. Here is a list of several others. […]
How do you answer someone who asks “Should I be an entrepreneur?” […]
Max Gunther’s “The Zurich Axioms” is aimed at investors but also offers valuable insights and rules of thumb for entrepreneurs. […]