Tag Archives: innovation

9 Ways to Introduce New Ideas into Your Business

Episode 312 | 9 Ways to Introduce New Ideas into Your Business
Date: 2016-11-01
Link: Startups for the Rest of Us
Startups for the Rest of UsWhen focusing on getting the next person to use your product you need to figure out if you are talking to the right people or if you need to build another feature that they need.
It is hard to sit down and read for a couple of hours every day.
Books will broaden your understanding of a specific topic.
Books contain dated information. For more recent turn to podcasts.
Just in time learning.
With podcasts you can really niche down.
Mentoring helps you think through problems you wouldn’t have thought through before.
Do self-study and blog about the experience.

Seeking the Full Potential of Education

Title: Seeking the Full Potential of Education
Date: 2014-11-05
Speaker: Jennifer Carolan (New Schools Venture Fund)
Link: Entrepreneurial Thought Leaders
Human potential is everywhere.Prioritize impact.
There is no silver bullet for education.
There are four million U.S. teachers. 40% are under the age of 30.
Entrepreneurs are a great pipeline for referrals to companies.
Look closely at the cap table.
The time is now to be building edtech companies.
Opportunity is so important for people.
Human potential is everywhere.

An Episode For Those Who Need a Business Idea

TMBA278: An Episode For Those Who Need a Business Idea
Date: 2015-01-22
Link: Tropical Talk Radio
Tropical MBAWhen you need business ideas the most you can’t seem to come up with them.
When you have a business you have to many other business ideas you can’t get to.
A lot of times things go from services to products.
Engage with your target market right away.
Opportunity doesn’t sell businesses. Fear sells businesses.
One of the best uses of money is to buy your time back.
Don’t hesitate to come up with your own certification.

From Inspiration to Implementation

Title: From Inspiration to Implementation
Date: 2014-10-15
Speaker: Tina Seelig (Stanford University)
Link: Entrepreneurial Thought Leaders
There is no right answer. It is up to you to chart your course.Imagination is the ability to envision things that don’t yet exist.
Creativity is applying your imagination to solve a problem.
Creativity is the application of your imagination.
Innovation is applying your creativity to come up with a unique solution.
Entrepreneurship is applying innovation to bring ideas to life.
Entrepreneurship, to be successful, requires you to inspire the imagination of other people. You can’t do it alone.
You need to start with engagement.
Most people do not pay attention.
Many people don’t know they have a passion until they are engaged with something.
You need to engage before you can envision.
Creativity requires motivation and experimentation.
True entrepreneurs are quiltmakers.
You can start small.
Reframing is when you start looking at a problem from all different angles.
The question you ask is the frame into what the answers will fall.
Entrepreneurship requires persistence and inspiring others.
Starting anything is incredibly hard.
You cannot bring ideas to life by yourself.
With any job you’re not getting a job you’re getting the keys to the building.
Focus on a few things where you can make a big contribution rather than focusing on everything and doing a mediocre job.
If you ask permission you’re just transferring the risk to somebody else.
Being a student is a pretty risk free environment.
Instead of thinking of yourself as a risk-taker think of yourself as someone who is a big thinker with big ideas.
If you’re not engaged and paying attention you’re missing opportunities.
If you’re not failing sometimes you’re not taking enough risks.
Mine failures for learning.
Knowledge is a toolbox for your imagination.
There is no right answer. It is up to you to chart your course.

The Power of Not Knowing

Title: The Power of Not Knowing
Date: 2014-10-08
Speaker: Liz Wiseman (Author)
Link: Entrepreneurial Thought Leaders
When you know nothing you're forced to create something.Intelligence’s sibling is practical know-how.
Intelligence represents promise of the next big thing as well as safety and comfort particularly in an industry where things don’t stand still for very long.
In a technology company nothing is more important than technology transfer.
When you know nothing you’re forced to create something.
Focus on the basics.
Don’t assume anything because often we don’t know anything.
Experience creates a number of blind spots.
When we know the pattern we start filling things in. We start answering questions before they’ve been asked. We stop seeing new data points. We stop seeking feedback and input. We stop seeking new opportunities.
The most powerful form of learning comes when we are desperate.
Rookies are often a lot faster than people with experience.
Where we work in the space of the unknown is where we feel our greatest joy.
Spend zero time in jobs you’re qualified for.
Shop for a boss or be a boss.
Rely on your own brilliance.

Optimal Traits and Sustainable Advantages

Title: Optimal Traits and Sustainable Advantages
Date: 2014-10-01
Speaker: Kevin Hartz, Julia Hartz (Eventbrite)
Link: Entrepreneurial Thought Leaders
Complacency is death. Be in pursuit of relentless evolution.What kind of industry can you disrupt with technology?
It isn’t about disrupting it is about democratizing.
The advent of technology will make it easier for people to gather offline.
Learn by doing.
Just start building.
Capital is always there when you don’t need it. When you desperately need it it isn’t available.
Focus on being customer centric in the early years.
There is a huge opportunity to bring on talent that is way more brilliant than yourselves, in more ways than you could possible imagine to focus on, in the beginning.
Understanding where you can access talent is extremely important.
E-commerce was defined by bad customer service, high fees, and little to no innovation.
Have healthy paranoia.
Things can shift quite rapidly in our world.
You should always be expecting the worst.
Think about how you can continue to increase your efficiency.
Complacency is death. Be in pursuit of relentless evolution.
Any founder has a little bit of crazy.
It is how you treat people and how you make them feel that makes all of the difference in the world.
When you’re a co-founding team of three you shouldn’t be overlapping. Hopefully you have complementary skills.
It is important to have clearly defined roles in leadership.
Culture keeps you centered. It should be a centering force for you and your team.

Happy New Year Entrepreneurs

Define SuccessMany people reflect back on the year during the holiday season as business often slows down and they spend time with their families. With the new year upon us they start looking forward by setting personal resolutions or drawing up roadmaps for their businesses.
In 2014 I didn’t quite achieve all of my goals and had some unexpected but pleasant surprises. In 2015 I’m looking forward to achieving everything that wasn’t accomplished in 2014 and more.
Over the past month I did accomplish releasing my latest two books of notes on Entrepreneurial Thought Leaders. The first one, Define Success, was released on Thanksgiving. That one contains notes on lectures from Jack Dorsey (Square), Aaron Levie (Box.net), and Mark Suster (Serial Entrepreneur) among others.
Innovation is the Only Way OutAnd last week I finished and released Innovation is the Only Way Out. That is the seventh volume! I can’t believe how many lectures I’ve listened to and all I’ve learned from them. This one contains notes from talks by leaders such as Phil Libin (Evernote), Brad Feld (Foundry Group), Reid Hoffman (LinkedIn), Daniel Elk (Spotify), and Drew Houston (Dropbox).
If you’re having a slow day (which every New Year’s Eve should be) and have never filled out a Dreamline before then you should do so immediately. It really helps you define your goals, plan the steps needed to achieve them, and begin taking them today. The guys over at Tropical MBA have a prebuilt spreadsheet ready to go for you which you’ll find linked to here.
Have a great night and a successful 2015.

How to Design Hardware Products

Lecture 17: How to Design Hardware Products

Link: How to Start a Startup

(You can find notes to the other lectures here.) 

Hosain Rahman (@hosain)

How to Start a StartupThe whole point is to help people to a better life with technology.
Think about, “where is the world going?”
Have organizing principles.
Thinking needs to shift from being about actual things to the user.
You need to be great at the full stack.
The exploration phase if very wild.
Don’t do one off things. You have to see a broader vision. Look at where do we think the world is moving and think about how this is going to be a stepping stone to that ultimate end vision.
All of your content and media experiences are now in your phone.
Media is still the killer app in your house.
There are a lot of layers to user research.
Data is great. Understanding is better.
Action is key.
Notifications are a tool for behavior change.
Constraints are really great because they serve as opportunities to resolve, to refine, to simplify, and push you to find the right answer that will solve the user problem in the simplest way.
At a big company you have to force a lot of communications.
We can dream a lot faster than what is possible.
Web software is a lot different than mobile software. Building mobile software is more like building hardware.

Disruptive Innovation Can Happen Anywhere

Title: Disruptive Innovation Can Happen Anywhere
Date: 2013-01-16
Speaker: Hank Wuh (Skai Ventures)
Link: Entrepreneurial Thought Leaders
Entrepreneurship can take place anywhere, by anyone, in any subject matter.It takes as much time and energy to build something that is a game changer as it does to build something that is incremental.
Entrepreneurship can take place anywhere, by anyone, in any subject matter.
Corneas is the number one human transplant procedure in the world.
Big markets. Strong IP. Great management team.
Startups are difficult.
Everybody is different.
It is a rare moment when things all go well as an entrepreneur.
Entrepreneurship is a risky game.
You want to fail early so you can go on.
The worst thing is never taking a chance in the first place.
Always hire up (somebody smarter than you).

A Healthy Respect for Innovation

Title: A Healthy Respect for Innovation
Date: 2012-11-28
Speaker: Sue Siegel (GE)
Link: Entrepreneurial Thought Leaders
You've got to be authentically you.Transitions are the most ambiguous times of your life.
Assume noble intent.
Stand behind your product. Be truthful. Be accountable.
If you’re leading you need to hire. You also need to fire.
Fundamentally innovation is the important element.
You’ve got to network like crazy.
If you’re a workaholic it is a problem.
(Being a workaholic) is the only sickness that gets condoned around the world.
Network. Network. Network. Let people get to know you.
You’ve got to be authentically you.
You’ve got to find the environment that really, really makes you feel great.