Entrepreneurship Viewed as a Tool and When to Use it in Industry & Science

Title: Entrepreneurship Viewed as a Tool and When to Use it in Industry & Science
Date: 2005-05-18
Speaker: Jeff Hawkins (Palm Computing)
Link: Podcast
 
Entrepreneurship is a tool that should be used sparingly.
A successful entrepreneur is one who designs themselves out of that job.
Entrepreneurship should be a tool of last resort. Used only if there is no other way to accomplish what you want to accomplish.
Everybody should try to find a passion or goal in life.
The more challenging the goal the more obstacles you’re going to cross.
Most companies are started with some sort of passion or belief.
All business is hard (most of the time). You need to have that passion to carry you through.
Don’t try to build an enterprise product in a consumer company and vice versa.
Retailers shouldn’t be building the products that go in their channel.
The neocortex is a memory system that is hierarchical. It builds a model of the world and with that model it makes predictions of the future.
Every business hits the wall sometime.
You have to be an optimist.
All companies go out of business because they run out of money. Very few companies didn’t succeed because they went too slowly. The vast majority of companies didn’t succeed because they went too fast.
The growth rate that is best for your business is likely different that the growth rate than is best for a venture capitalist.