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Inventor Or Innovator – Which Are You?

InfoChachkie

Philo Farnsworth created a technology which underlies one of the 20 th Century’s most ubiquitous products, yet he died a man of modest means and is relatively unknown today. Philo was an inventor, not an innovator. Numerous innovators capitalized upon them as well, creating dozens of multi-billion-dollar enterprises.

Ideas 221
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Could you be the next Ford, Jobs or Musk?

Berkonomics

Note that none of these three famous innovators were inventors like Thomas Edison, but visionaries who see a new marketplace or niche or how to reach the mass market in ways not previously attempted. Innovation does not always equal invention. And innovation is what creates value.

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10 Entrepreneur Myths That Need Not Dilute Your Focus

Startup Professionals Musings

Most of you aspiring entrepreneurs probably have long searched for that special idea that will catapult you and your startup to success. Yet, my experience as a business advisor and investor has convinced me that the magic is not the idea, but you and the execution. True entrepreneurs are born, not made.

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10 Mindset Elements That Tag You As An Entrepreneur

Startup Professionals Musings

As a startup advisor and investor, I’ve met many aspiring entrepreneurs, and I often get asked the question, “I have a great idea for a startup – do you agree that it real potential?” Many techies and inventors I know hate the thought of running a business – their fun and challenge comes from creating the innovative solution.

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8 Ways New Venture Founders Create Whole New Markets

Startup Professionals Musings

The ultimate compliment that any entrepreneur can get is that they can “see around corners.” This is a statement that they are willing and able (and successful) at projecting market and technology turns, not just straight-line innovations. Most of you could suggest one more, but not many.

Marketing 157
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7 Keys To Transforming Your Invention Into A Business

Startup Professionals Musings

Do you have an invention that you believe is worth a million dollars? In fact, it could be worth much more than that, if you are able to use it to kickstart a successful business. Unfortunately, many inventors I know are stuck at this stage, being great technologists, but not so great as entrepreneurs.

Customer 136
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Could you be the next Ford, Jobs or Musk?

Berkonomics

Note that none of these three famous innovators were inventors like Thomas Edison, but visionaries who find a new marketplace or niche – or how to reach the mass market in new ways. Innovation is valued by our society, by investors and certainly by consumers. Well, it’s a fair question.