From Fast Company: The formula for a successful startup is simple: create a product that people need, and hire ridiculously talented, highly motivated people to build it. Finding ridiculously talented, highly motivated people is by far the more challenging side of this equation. Here's how to do it.
From FastCompany: Every day is a negotiation for an entrepreneur. Whether advancing a cause, making a request, or persuading others of the merits of our view, negotiating for what we want–often and effectively–is a survival technique for a business owner. We can use it to go after what we want, to create options where there were previously none, and we can use it to defend what is ours and what we need. Perhaps the best news of all, this is a skill that can be learned.
We're a community of professionals who collaborated on a book that teaches simple, powerful ways to define and reinvent "personal business models." Our key tool is the single-page Business Model Canvas, the subject of Business Model Generation, the global bestseller created by Alexander Osterwalder, Yves Pigneur, Alan Smith, Patrick Van der Pijl, and Tim Clark, all founding members of this Forum. Members enjoy access to blank Canvases, Forum discussions, and all other materials on the BMY site, plus the ability to find like-minded colleagues among our 1,200 + members.
From strategy+business: This social entrepreneur pioneered a new model for mentoring startups in emerging markets. Now she's replicating it around the world.
From Dick Cross at ChangeThis: Just ask someone today this simple question: ‘How do you run a company?’ Invariably, you’ll be met with a blank stare. Because nobody ever asks that question. Because no one expects that there’s an answer. Yet it may be the most important question we need to answer if we want to grow our businesses and fix our economy.
From Meg Cadoux Hirshberg at ChangeThis: Clearly, when it comes to business-building, some degree of obsession is required—or soon the business won’t be around to obsess about. The problem arises when entrepreneurs try to simultaneously enjoy a thriving family life while they are growing a successful company. Business-building introduces the obvious pressures that arise when free time is scarce, but the financial risk and uncertainty also become sources of tension. Combined with the classic entrepreneurial personality—the tendency to need to be the boss, to make the decisions, and to go it solo—the entrepreneurial life can be difficult for spouses to endure. At the very least, this cocktail can introduce resentment and friction into the relationship.
From ChangeThis: It doesn’t matter what industry you are in, someone, somewhere right now is building a product, process or business model designed to kick your butt. If it’s you, then you define the rules by which others must play the game. If it’s NOT you, then you had better get comfortable playing by someone else’s rules. Someone is going to start a revolution that will change your world. How? By producing change that matters—change that disrupts the competition and amazes your customers.
Why can’t it be you? … In a world where everyone and everything around you is getting better, where technology waits for no one, and where smarter, more sophisticated customers who are “wired and dangerous” demand more, people are constantly in search of the next big thing. Want to find what’s next? Make these 10 rules part of your cultural DNA.
From ChangeThis: Many entrepreneurs feel that they cannot start a business without a great idea. They believe it will be impossible to succeed without a completely new concept, as the market will already be cornered by established businesses. Only by venturing into uncharted territory can they achieve their dreams. This is the fallacy of the great idea.
The simple truth is that it is quite possible to create a thriving business without a big idea. In fact, starting up with a tried and tested concept is very sensible. The real key to success is focus and brilliant execution. Yes, the world needs people with grand ideas who are willing to take big risks to further progress, but the world also needs small businesses creating jobs, and entrepreneurs should not be embarrassed about not having a claim on originality.