5 Poker Lessons That Apply To Entrepreneurship. A little known fact about me is that I’m a huge fan of Poker. I not only watch it on television, but I play it as a hobby when I’m not working. I learned how to play poker around the age of 12-13 and fell in love with the game ever since. I guess the entrepreneur in me kicked in because poker is one of the most exciting games you can play.
Not only is it risky, but there is so much mind-games involved that it gives you a great adrenaline rush. From playing online to playing in casinos from an early age (yes they have 18+ casinos in California), I learned a lot about the game of poker. Ever since I became an entrepreneur, I saw many things that relate between poker and business. In this article, I share 5 poker lessons that apply to entrepreneurship: 1.
The first lesson I learned early on in poker was to never get caught bluffing. Business is very similar. 2. The moment you sit down on the poker table, you meet 8-9 new people you didn’t know before. 3. 4. 5. Conclusion. Most common mistakes Start-Ups make – carlos marquez – digital strategist. There are different decisions that Start-Ups are taking everyday, some of them are right, some of them completely wrong. While taking the right decisions is extremely positive, failing may be the key of success. Every Start-Up fails in different activities, decisions, strategies, concepts, business models, finance management, among others.
Nevertheless, the most important is not to discover why they failed, but rather to identify what really happened, learn from it, evolve and grow. Failure is always going to be present, if you are smart enough to identify it promptly, to learn from it and to do not let the same things happen again, your chances of succeeding are really high. From conversations I’ve had with many Start-Ups within different countries, different cultures, different businesses models, here you will find the most common mistakes I’ve heard over and over again. Waiting too long to go to the market Hiring the wrong people Willingness of being global Cashflow management. 7 Lessons Every Young Entrepreneur Can Learn From 'SharkTank'. Skip Advertisement This ad will close in 15 seconds... Young Entrepreneurs Today's Most Read 9 Proven Ways to Get People to Take You Seriously 4 Intangibles That Drive CEOs What It Takes to Go From Dead Broke to 6 Figures in 6 Months The Mentality of a Successful Career 4 Big Challenges That Startups Face These Siblings Are Cooking Up America's First Meatless Butcher Shop Kim Lachance Shandrow 3 min read News and Articles About Young Entrepreneurs Failure 6 Stories of Super Successes Who Overcame Failure They're perfect examples of why failure should never stop you from following your vision.
Jayson DeMers Podcasts Top 25 Business Podcasts for Entrepreneurs Podcasts are as easy to use as old-school radio but as specialized as blogs. Murray Newlands Entrepreneurship Programs Saxbys and Drexel Team Up to Promote Entrepreneurship Saxby's founder Nick Bayer talks about the one-of-a-kind program and why he wishes there was one for himself years ago. Carly Okyle Presented by Young Entrepreneurs Laura Entis Fear. Peter's Abundance Espresso Shot #16: How to Create a Billion Dollar Company. Starting a Company? 8 Free Online Courses You Can't Miss. Entrepreneurial education is slowly but surely becoming more mainstream. Traditional universities are offering entrepreneurs more tools than ever before. But education start-ups such as Coursera and Udacity have taken this a step further--offering in-depth classes on entrepreneurship taught by industry heavy-weights such as Silicon Valley serial entrepreneur Steve Blank for free.
Here are eight classes that every entrepreneur should take. How to Build a Startup Steve Blank, author of The Startup Owner’s Manual and The Four Steps to the Epiphany, teaches this nine-lesson class. “We used to think of startup as a smaller version of a large company,” says Blank on Udacity’s website. Developing Innovative Ideas for New Companies Taught by James V. Startup Engineering This 10-week course, taught by Balaji Srinivasan and Vijay Pande of Stanford University, gives entrepreneurs the skills they need to build a tech start-up from the ground up. Introduction to Finance Law and the Entrepreneur. My Empire of One | 6adf4cfb25b95c269a4c60f1d78cbb97608754d1842872_529349213752675_912331862_o.jpg (1000×760)
Pioneers Post | Connecting social innovators across the globe. Lean Canvas: Your Startup Blueprint. Grads: Skip the Bank Job, Join a Startup. Dartmouth College has four valedictorians this year: Wills Begor, Glynnis Kearney, David Rogg and Jie Zhong. They are impressive kids. All have stratospheric GPAs. Most pulled off two majors and a minor. One developed a new social networking platform for the iPhone. So what are they doing next? Investment banking, mostly. That’s no surprise. Two years ago, Mike Mayer appeared headed in the same direction. ‘Meta Economy’ Venture for America is the brainchild of Andrew Yang, a charismatic former lawyer. Yang got the idea for Venture for America while running Manhattan GMAT, a test-preparation company that was acquired by the Washington Post/Kaplan in 2009. Perhaps it’s a sign of the times that enticing Ivy League graduates to work at a for-profit business can now be sold as a way to “give back” to the community -- on the grounds that the job isn’t in finance or management consulting and isn’t in New York or Boston.
At least, that was the conventional wisdom. Young Businesses. Entrepreneurship. Why can't I fund my killer startup idea?! What investors wont tell you. Web 3.0: Powering Startups to Become Smartups. If you are a Web-based technology startup focused on the 2.0 version of the Web (a.k.a. Web 2.0), then you are not thinking outside of the box anymore. The Web is constantly evolving: innovating and implementing new technologies; adapting in a more timely manner to user feedback and needs; redefining the roles of business partners; and pushing the boundaries of what is possible. This is the first article in my four-part series about powering startups to become smartups. You can find the timeline for future installments of my series at the end of this article. If you’re still beating the Web 2.0 drum then you are not thinking outside the box.
You’re missing the larger picture and bigger opportunities. The intent of this first installment is to whet your appetite, to give you a broad overview of the criteria and trends that I believe are shaping the next evolution of the Web. But before we focus on Web 3.0, it’s important to step back and look at why Web 2.0 became boxed in. Web 3.0 ! Stars of SXSW: Dave McClure on Lean Start-up Investing. The premier session of South by Southwest's "Lean Startup" track was a frank discussion between Lean Startup guru Eric Ries and Dave McClure, founding partner and "Sith Lord" of investment firm 500 Startups.
While the talk covered material fairly similar to what Ries discussed in the October issue of Inc. and his Friday SXSW panel, Inc.com was able to catch up with McClure and discuss his investment strategy, how the lean strategy affects his investments, and his support of female CEOs. McClure is a magnet for entrepreneurs at SXSW. In navigating the hallways between his panel room and a nearby corridor, he was approached four times by people seeking a moment to do an elevator pitch or ask how to apply to his fund. While I was talking with him he was approached twice more. At least in Austin this week, it seems everyone wants in to funding from his 500 Startups firm. And lots of companies have obtained that initial funding here. McClure's investment thesis is revenue model focused. Stealth Startups. New Startups - Showcasing the brightest new startup ideas.
Derek Sivers. Infographics | The Brain Twist. Learn how to launch your startups from successful entrepreneurs. Why 2012 Will Be the Year of the Entrepreneur. While the year of the protester has just passed, 2012 looks to be the year of the entrepreneur. Jobs are in scarce supply, and underemployment is at an all-time high. Things look bleak. But, truth be told, there has never been a better time for individuals to start new businesses. Taking up entrepreneurship is now an extremely doable means to overcome unemployment and underemployment, and perhaps even get rich. There are certainly enough global, national and local problems that need solving–and worldwide, 2012 must be a big year for innovative problem solvers.
(MORE: 5 Tricks to Make Your New Year’s Resolutions Stick) Consider some of the resources at the ready for 2012-preneurs. Whereas a traditional office or retail space was a necessity less than a decade ago, today, thanks to the rise of virtual office services and co-working spaces, working from home or Starbucks is the new norm. (MORE: Retiring This Year? ActSeed is for Entrepreneurs and Startups. About. A new approach to innovation and entrepreneurship Opinno is a global network of innovation centers, located in the main technology hubs around the world. We work hand-in-hand with the top research centers, universities, technology companies, investors and entrepreneurs to generate new hi-tech start-ups and spinouts, build alliances and help to insource promising technologies. Opinno builds and cultivates the entrepreneurial ecosystem in all its locations through multiple initiatives that include technology conferences, entrepreneurship competitions, workshops and much more.
Learn more about us on our FAQ section. Corporate Structure OISG : The Open Innovation Strategy Group is a highly skilled, multidisciplinary team of consultants that work closely with the top executives of the main technology corporations by helping them design and implement an open innovation strategy. Other members of the Opinno family Opinno Capital is the venture capital investment group at Opinno. David Rowan "Startup entrepreneurs should move to Africa now. Endeavorglobal's Channel. Linda Rottenberg on OneWire Play Endeavor CEO Linda Rottenberg is interviewed by OneWire's Skiddy von Stade about her entrepreneurial journey, which was also featured in Business Insider. 2013 Endeavor Gala Spotlighting the magic of Endeavor at our 2013 Endeavor Gala honoring Sir Richard Branson, which took place on Friday, November 8th in New York City. 2013 Endeavor Entrepreneur Summit Video: Roy Gilbert & Gina Bianchini Play Entrepreneurs rarely examine any one issue in isolation, and this fireside chat is no different: recruiting, investors, growth, product-market-fit, more growth, shifting products, inspiring the team successfully and more will be covered in this session. 2013 Endeavor Summit Video: John Donahoe In this talk, eBay CEO John Donahoe discusses the future of commerce, the consumer revolution, and the role of technology in a new retail world. 2013 Endeavor Entrepreneur Summit.
Young Entrepreneur – Small Business & Entrepreneur Community. GEP Entrepreneurs (gepentrepreneur) Home. Entrepreneurship Corner: Stanford University's free podcasts and video clips of entrepreneurial thought leaders and innovators from Silicon Valley.
Procter & Gamble meets innovative IT Startups - Second edition at Lift12 Conference. IdeasWatch: Startup inspiration from the crowd. Startup Workaway | 25 startup founders. 10 days. 1 kick-ass mountain resort. Entrepreneur tips. SWOT analysis. A SWOT analysis, with its four elements in a 2×2 matrix. A SWOT analysis (alternatively SWOT matrix) is a structured planning method used to evaluate the strengths, weaknesses, opportunities and threats involved in a project or in a business venture.
A SWOT analysis can be carried out for a product, place, industry or person. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieve that objective. Some authors credit SWOT to Albert Humphrey, who led a convention at the Stanford Research Institute (now SRI International) in the 1960s and 1970s using data from Fortune 500 companies.[1][2] However, Humphrey himself does not claim the creation of SWOT, and the origins remain obscure.
Identification of SWOTs is important because they can inform later steps in planning to achieve the objective. Matching and converting[edit] One way of utilizing SWOT is matching and converting. Business Musings | Startup Addict. The Secret Magic Mathematic Formula of Innovation! - Strategy of Innovation. Because of the globalization of business, commercial competition is everyday harder and harder. To maintain a leader position, or just to survive, companies must propose rapidly and efficiently to their clients new attractive goods and/or services. For this, they have to innovate, to evolve by creating new market opportunities or by adapting themselves to changing markets. Therefore, as a responsible CEO or Manager, you know that: .... but how?! For the very first time in the history, I will reveal the "Secret Magic Mathematic Formula of Innovation" used by Apple, Google, 3M .... .
Let's start: You need some "Explicit Knowledge" or simply "Knowledge" Knowledge (including all your know-what, know-why, know-who) is everywhere, you can acquire it from your parents and family, during studies at school and higher education, by reading books, articles or blogs, by observing carefully the world around you ... . You need some "Imagination" You need some Tacit Knowledge or simply "Know-how" and. MIT/Stanford Venture Lab. Validate your startup idea by asking 3 simple questions | Paras Chopra. Last week, I stumbled across a personal post from a founder on his thoughts after first month of his startup. He writes in the post that he hasn’t been satisfied with the traction received so far and wonders whether existing product is the right path to continue on. I had exact same questions when I was starting up Wingify and now that we have seen some traction, I thought I should expand on a comment I made on how to know if your startup idea is the right one.
When doing a startup, it is perfectly okay to wonder whether you are on the right track. It is not a sign of weakness. In fact, being too attached to one’s idea is a sure shot path to failure. Honest introspection into your startup should be done regularly to have a clearer perspective. After all, startup is a lot of effort and hard work. Like many entrepreneurs in their initial stages, if you are feeling doubtful about your startup, ask these 3 questions to yourself (and your co-founder): Providing value Are you enjoying this?
Entrepreneurship. Download the next financial model for your startup. Start-up due diligence is not mysterious. By Marty Zwilling, contributor After you have successfully attracted angels or venture capital with your million dollar product idea and you have a signed term sheet, there is still one more hurdle to overcome before investors write the check. This is the dreaded "due diligence" process. For no good reason, investor due diligence seems shrouded in mystery, when in fact it is nothing more than a final integrity check on all aspects of your business model, team, product, customers and plan. In my view, understanding due diligence can only improve information flow, and leads to a better long-term partnership with your investor. Remember that up to this point, the investor has primarily seen and talked to the founder and studied written documents.
This is where they find out if your team is all behind you, your customers are truly excited, your product is ready to ship, and there aren't any skeletons in the closet. Team strength and health. Richard Branson on Decision-Making For Entrepreneurs. Editor's Note: Entrepreneur Richard Branson regularly shares his business experience and advice with readers. What follows is the latest edited round of insightful responses. Ask him a question and your query might be the inspiration for a future column. Q: What were your most important managerial decisions -- the ones that changed your business? -- Volodymyr Kravchuk, Kiev, Ukraine A: Most good chief executives or entrepreneurs only make three or four key decisions every year.
Looking back over my career, which now spans more than four decades, there were many occasions when I got it right and a few when I did not. 1. This was the case when we launched our airlines Virgin Atlantic and Virgin Blue (recently rebranded Virgin Australia), in 1984 and 2000, respectively. Virgin Atlantic went from strength to strength, and now carries over 5 million passengers per year. 2.
Related: Richard Branson on Embracing Change I rarely paid attention (which also drew criticism from some analysts). 3. Business & Small Business | News, Advice, Strategy. Your #MOOTIPs rounded up | The MOO Blog. Hackerspaces as Startup Incubators. Chasing the New Angel Investors. Lab: startups & app developers competition. Jason Finger: Two Million Reasons To Start (Or Invest In) A Company Today. Twitter.
Startup Pirates. SimulCon ® - Financial Controlling on a sheet. Faculty & Research - Polsky Center for Entrepreneurship. Polsky Center for Entrepreneurship. Do Parents Make Better Startup Founders? | BNET. Entrepreneurs Can Change The World. Cleantech Open (cleantechopen) Home. If It Walks Like an Entrepreneur - Gil Elbaz | Insights. Jason Calacanis (jason) The Startup’s Guide to Bootstrapping Marketing. Europe Unlimited Online Community. 57 Things I've Learned Founding 3 Tech Companies.