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” It’s the most common refrain I hear from investors and even entrepreneurs these days. I think there is also no denying the role that Richard Rosenblatt has played in building the LA tech ecosystem and spawning great entrepreneurs who followed in his footsteps. “There’s something going on in LA.”
The realm of an entrepreneur is all about change, but in my experience as a mentor to business founders, I hear too much about incremental change, and not enough about revolutionary change. Great entrepreneurs cross industry boundaries to find synergies, and are constantly in learn mode on several fronts.
The cost of entry to the entrepreneur lifestyle is at an all-time low, but the challenge of winning and success is at an all-time high. As an Angel investor, I quickly look behind the idea or solution, to gauge the mindset and the leadership capabilities of the entrepreneur. Take a hard look at SpaceX or HyperLoop.
The cost of entry to the entrepreneur lifestyle is at an all-time low, but the challenge of winning and success is at an all-time high. As an angel investor, I quickly look behind the idea or solution, to gauge the mindset and the leadership capabilities of the entrepreneur. Take a hard look at SpaceX or HyperLoop.
The cost of entry to the entrepreneur lifestyle is at an all-time low, but the challenge of winning and success is at an all-time high. As an angel investor, I quickly look behind the idea or solution, to gauge the mindset and the leadership capabilities of the entrepreneur. Take a hard look at SpaceX or HyperLoop.
In my experience, many entrepreneurs rely too much on the perspective of a trusted advisor, or try to emulate a competitor who is getting attention. For example, no one should be convinced that Elon Musk is following someone else’s lead as he charges ahead with Tesla, SpaceX, and other initiatives.
In my work with entrepreneurs, I have concluded that finding and communicating that purpose is often more important than the solution offered. I offer here their summary of purposes and inspirations that have motivated existing business leaders, with insights from my own mentoring and coaching experience.
As a startup mentor and advisor, I often contemplate what makes the difference between winners and losers. Too many aspiring entrepreneurs I know are very quick to come up with new ideas, but are not so quick on the execution side. The best business people are also the best mentors and coaches.
There are a few entrepreneurs who seem to always be ahead of the rest, and are able to sense where the market is going tomorrow. Everyone wants to support the entrepreneur with the courage to make bold decisions, and can make it happen. Steve Jobs of Apple and Richard Branson of Virgin Group are other popular examples.
The cost of entry to the entrepreneur lifestyle is at an all-time low, but the challenge of winning and success is at an all-time high. As an angel investor, I quickly look behind the idea or solution, to gauge the mindset and the leadership capabilities of the entrepreneur. Take a hard look at SpaceX or HyperLoop.
Whether you are a business professional in a big company, or an entrepreneur with a startup, innovation is a key strategy. Many people believe that new ideas are the critical element of innovation, but in my experience as a mentor and investor, long-term business success is more about implementation than ideas.
I believe these same mindsets are equally applicable to the entrepreneurs I mentor, and all of you small business leaders, so I offer you my summary of the authors’ conclusions, paraphrased here, with my own insights: Be bold in vision, strategy, and resource allocation. Get organization alignment through culture and talent.
They don’t realize that you can make your own luck as an entrepreneur, start your own business, and get an unprecedented opportunity to achieve your highest potential. Asking for mentoring, and being a mentor are both great ways to build relationships. The possibilities are endless, and his performance is mind-boggling.
For example, in the entrepreneur world there are people like Elon Musk , who has demonstrated not only innovative ideas, but also impressive results in SpaceX, Tesla Motors, and Hyperloop. Yet if you think about it, it’s not always clear how they do it, or what it takes to be like them.
It may be the case that the engineer friend of yours at SpaceX won’t be able to join simply because she’s supporting her parents back home. More likely, the company is building something the superconnector is passionate about and involving them as a mentor would excite them. Too much pressure may put pressure on your friendship.
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