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The 11 Worst Pieces of Advice You'll Ever Hear (and What to Do Instead)

The 11 Worst Pieces of Advice You'll Ever Hear (and What to Do Instead) | Startups and Entrepreneurship | Scoop.it

Like bad directions, bad advice can steer you off track. Top entrepreneurs and members of The Oracles weigh in on the worst advice they consistently hear and what to do instead.

 

1. Success is a journey, not a destination.

2. Ramp up your team.

3. Just be positive.

4. Follow the hype.

5. Don’t be a ‘control freak.’

6. Do what you love, and the money will follow.

7. Always be grinding.

8. Business decisions should be based on logic, not emotions.

9. Be a bulldog.

10. Fake it till you make it.

11. Do it like it’s always been done.

 

read the details at https://www.entrepreneur.com/article/308088

 

 

 

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The Aha Moment - How Entrepreneurs Realized What To Do In Life

The Aha Moment - How Entrepreneurs Realized What To Do In Life | Startups and Entrepreneurship | Scoop.it

Before any entrepreneur became successful there was a time they did not know what to do. And then the aha moment happened. How?


About 2200 years ago Archimedes stepped into his bath and exclaimed, “Eureka!”

 

It was a moment of sudden discovery. The eureka effect. A moment of deep insight. It’s an epiphany which translates as “striking appearance.” In that moment a previously unsolvable problem becomes suddenly clear and obvious.


Before The Aha Moment

Life can be divided into two periods. Before you know why you are alive and after. In between there is just a single moment – the Aha! moment. One brainwave that turns a person into a person on a mission.

Here we show the moments that turned famous people onto their missions. Even though for them it was a process to get to that moment, there was a catalyst that one day made them say, “Aha!”

What Makes Us Aha

What brings the Aha moment?

Inconvenience. GoPro founder who struggled to take a picture of himself while surfing.

Limited resources. Ikea founder could not fit a table in his small car, so he thought to take off the legs.

Pain and tragedy. Samuel Morse received a letter about his wife’s illness after she was already buried. Letters took a long time back then. He raced to see her, but it was too late. Grief-stricken, he decided to forever change how people talk to each other and invented the telegraph.

The aha moment comes at different ages. Here are a few examples. Is it ever too late to have the aha moment? Some entrepreneurs had them well into their fifties. Were they thinking it was never too late?




Get your Free Business Plan Template here: http://bit.ly/1aKy7km



Via Justin Jones, Marc Kneepkens, malek
Barbara Alevras, PMP's curator insight, August 1, 2014 9:40 AM

I think this is kinda fascinating. Have you had your "Eureka Moment" or are you still waiting? 

Bruno A Levy's curator insight, December 31, 2014 4:48 AM

the infographic is fun and informative

Nancy Barnett's curator insight, March 12, 2015 10:49 AM

Seeing a problem and solving it is the "root" of true entrepreneurship.

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The Ideal Board Meeting

The Ideal Board Meeting | Startups and Entrepreneurship | Scoop.it

A critical aspect of my ideal board meeting is that the entire board package should be sent out several days in advance to all board members. It should be thorough, including whatever the CEO wants the board to know about what has happened since the last board meeting.


While I prefer prose to a PowerPoint deck, either is fine. Optimally it’s in a format like Google Docs where everyone on the board can comment on specific things, allowing open Q&A on the board material prior to the board meeting. I like to decouple monthly financial reporting from the board package, but including a look back of the financials, along with discussion and framing is useful. But the meat of the board package should be what’s going on now and going forward, not looking back. The looking back is for support of the discussion.


Then – the board meeting has a simple structure intended to fit in three hours. Optimally all participants are either in person or on video conference. Since I’m not traveling for business right now, almost all of my board meetings have a video conferencing component. When done correctly, it’s often just as effective as an in-person meeting, and in some cases (if you follow my video conferencing rules) even more effective.


What is not effective is when one or more people are on an audio conference.


Once everyone is settled, break the board meeting into three discrete sections. They, and their descriptions, follow:


Administration (30 minutes): Board overhead, resolutions, administration, and questions about the board package.


Discussion (up to 2 hours): Discussion on up to five topics. The five topics should fit on one slide or be written on the white board. The CEO is responsible for time boxing the discussion, or if he needs help, he should ask the lead director to do this. If you don’t have a lead director, read my book and get yourself one. This should be a discussion – you’ve got your board in the room – use it to help you go deeper on the specific topic you are trying to figure out. These topics can be on anything, but my experience is that the more precise the context is, the richer the discussion. I prefer for the full leadership team to be in the meeting for this part, although it’s entirely up to the CEO who is in the room.


Executive Session (30 minutes): CEO and board only. Here the board can give feedback specifically to the CEO or sensitive issues around personnel or other things the CEO wants to discuss separately from the management team can be covered. At the end, the CEO leaves and let’s the board have some time alone where the lead director checks in if there is any feedback the board would like to give the CEO.


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5 things that might help you reconnect to your greater purpose

5 things that might help you reconnect to your greater purpose | Startups and Entrepreneurship | Scoop.it

No one wants to get up each day to go do something pointless. Connecting with a larger purpose yields greater motivation and job satisfaction.

 

As the end of the year approaches, many business leaders are busy distilling their companies into mere numbers, determining how much remains in the budget, comparing this year’s profits to last year’s, and attempting to build accurate revenue projections for the future. While these practices certainly have their place, it’s easy to get caught up in the spreadsheets and lose sight of the greater meaning. As you’re doing the obligatory end-of-the-year shuffle, take some time to reconnect to your greater purpose. Why do you do what you do?

 

Here are five things that might help you get started:

 

1. Find a why that others can relate to.

2. Find your why in the service or product you provide.

3. Find the right avenue to make the right impact.

4. Use your why as a superpower to fuel flagging motivation.

5. Accept that you won’t feel driven every day.

 

read the rest of this awesome piece at https://www.forbes.com/sites/rhettpower/2018/10/14/how-to-focus-on-your-why/#79d943949eda

 

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What Silicon Valley refuses to learn from Steve Jobs

What Silicon Valley refuses to learn from Steve Jobs | Startups and Entrepreneurship | Scoop.it

Just about every tech leader in Silicon Valley says they admire Steve Jobs, but when it comes to following his lead, where’s the love

It is easy to admire and pay lip service to Steve Jobs’ rebel image, but why do so few in the valley today follow Steve’s lead, and why are his most important lessons largely ignored by the people who claim to admire him?


Lesson #1 — Creating great products requires patience


Steve was known to chasten product teams with instructions to chuck everything and start over. The cost was high to Apple, but the result was that Apple succeeded when others failed. Microsoft had tablet hardware and software years before Apple, but it took Apple’s iPad to make the category mainstream. Other companies may offer more features in their products, and release them sooner, but user satisfaction studies show that consumers often prefer Apple’s solutions.


In an era when most follow the lean doctrine of releasing a product early, and letting the market dictate product direction, Steve spent time refining the product internally until he felt it was ready to release. That requires time that most companies don’t want, or can’t afford to invest. Steve’s approach took vision—and yes, arrogance— to think he knew better than others, plus the willingness to look beyond the horizon and envision products that customers did not know they needed yet.


Lesson #2 —  Think big

What would Steve think of today’s timorous innovators creating the umpteenth find-your-friends app, social sharing site, or cloud storage solution? For every Elon Musk who makes tackling three big, crazy ideas before breakfast seem easy, there are thousands of others who come to the valley to launch any project that an investor will put money into, worthwhile or not. Steve dared to shake things up, and thinking small was not part of his character.


Lesson #3 — Focus on your strengths


Many admire how successfully Steve cut projects and saved Apple when he returned as interim CEO in 1997. Steve learned a few things while he was exiled from Apple, and when he returned he focused the company on what Apple was good at and would attract customers back to the company. That required knowing his own and his company’s strengths and weaknesses, and understanding Apple’s customers. Yet, we still see companies squander energy and resources in too many directions. They should revisit 1997 and learn from Steve’s example.


Lesson #4 — Think different


When it comes to people per square mile trying to profit from others’ success, Silicon Valley rivals the heydays of the California Gold Rush. You can’t throw a USB flash drive in the Valley without hitting someone who wants to advise you, mentor you, teach you to code or pitch, or tighten up your growth hacking skills. Steve would tell you that listening to others is the route to mediocrity. You can’t “think different” when you’re taking your lead from the same people as everyone else.


Lesson #5 — Technology by itself is not enough


This is where we in Silicon Valley most fail Steve. Steve was a college dropout, but he valued learning and culture, and applied what he knew of music, calligraphy, design, and architecture to projects at Apple.

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