Topics

Accounting Advertising Advisor Analysis Balance Sheet Barriers to Entry Beachhead Benefits Better Books Brainstorming Brainwriting Budget Business Flow Business Model Cash Flow Commercialization Communications Competition Competitive Advantage Consultant Corporate Entrepreneurship Creativity Critical Success Factor Culture Customer Decisions Deploy Design Develop Differentiation DXpedition Earn Education Effectiveness Elevator Pitch Entrepreneur Entrepreneurship Environment Evolution Executive Summary Exercise Expertise Failure Finance Financial Objectives Flowchart Focus Funding GizmoGadget Glossary Habits Healthy Venture Hiring Hypothesis Ideas Ideation Income Statement Industry Industry Research Innovation Innovator Intellectual Property Intrapreneurship Invention Inventory Investor Knowledge Launch Leadership Lean Startup Learning Legal Luck Machines Management Manpower Market Research Marketing Marketing Brochure Material Media Mentor Methods Mindset Mission Mistakes Money Motivation Myths Name Niche Market Operating Agreement Operations Opportunity Passion Patents People Planning Positioning Presentations Price Problems Process Flow Product Development Profit Progress Promotion Prototype Research Resources Return on Investment Roadmap Sales SCAMPER SCORE Scorecard Skills Slides Solution Development Solutions SPLUCK Start-up Stimulation Strategy Structure Success SWOTT Tagline Target Market Team Teamwork Technology Readiness Levels Terminology Thinking Tools Transformation TRL Validation Value Venture Venture Capital Venture Creation Venture Plan Vision Work Worth Writing

Tips for Innovators and Entrepreneurs

  1. Be passionate about everything you do.
  2. Proactively seek new opportunities.
  3. Stay alert.
  4. Look for ways to profit from change and disruption.
  5. Look for ways to create better business models.
  6. Pursue opportunities with discipline, not emotion.
  7. Don’t just talk, act!
  8. Maintain a collection of potential opportunities and ideas.
  9. Focus on quality opportunities, not quantity.
  10. Invest your time, energy, and money only if the opportunity is truly attractive and feasible.
  11. Don’t dilute your efforts.
  12. Beware of analysis paralysis ... don’t just think about doing it, do it!
  13. Adapt when needed, but don’t lose your true vision.
  14. Don’t try to do it alone ... engage everyone on your team, your partners, your suppliers, your customers.
  15. Build a strong network of relationships.
  16. Make sure everyone wins ... your partners, your employees, your investors, your customers.
  17. Earn a profit solving customer problems better than the competition.
[Thank you, Rita Gunther McGrath and Ian MacMillan]

[1.04]