entrepreneurship

More Than a Dream

Many startup founders go into business to “follow a dream.” That’s fine, and most entrepreneurs start there. But actually growing a business is less a matter of passion+innovation and more a matter of calculated trial-and-error. The “dream” is important, but it needs to be wide enough to encompass any means of making things happen — even the […]

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Uber-for-X: A different kind of “disruptive?”

A thought-provoking piece in The Atlantic. Now, you can do stuff that you could already do before, but you can do it with your phone. What it takes to make that work is incredible—venture capitalists have poured $672 million combined into Wag and Rover!—but the consumer impact is small. Instead of taking a number off […]

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How to get rich (without getting lucky)

Credit @naval. Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy. Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you. Ignore people playing status games. They […]

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Success happens in discrete, singular moments

Turning points are everywhere. You probably don’t know when they’re happening. You see them only in retrospect. But all the time—every single week—you make decisions that constitute some big turning point in your life. The mind can never foresee it’s own advance. F.A. Hayek Since this is true, it means right now matters. Right now […]

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My new article, plus working slower

I have a new piece at Startup Grind.  In it, I break down the essentials of designing a basic market research survey for a product or service idea. Quantitative market research (i.e. surveys) is a great way to validate a product or service concept. Further, investors are impressed if you can show them hard data—real opinions […]

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A story to make you think

The owner of a barber shop is cutting his client’s hair when he tells him about a young boy who comes in every day to visit. The owner tells his client how stupid the boy is and says he can prove how stupid he is if he comes into the barber shop with a simple […]

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Defining “entrepreneur”

Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled. I love that definition. “Entrepreneur” is an overused term, but there really is nothing else that encapsulates the idea. And I’ve found no definition like the one above that so succinctly explains what it means to be an entrepreneur. Since starting my own […]

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Is American entrepreneurship dying?

The Brookings Institution reported on Monday that the American economy is less entrepreneurial than at any point in the last three decades. See chart below: The report continues: …recent research shows that dynamism is slowing down. Business churning and new firm formations have been on a persistent decline during the last few decades, and the pace of […]

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