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Showing posts from May, 2013

The bird-in-hand principle: start with what you have

The bird-in-hand principle: start with what you have (Title on chapter on book Effectual entrepreneurship ) Freitag (video) http://www.youtube.com/watch?feature=player_embedded&v=DnGrcCVG8TE  Source: Teaching entrepreneurship through Lean Startup    Source: http://thenunewyork.files.wordpress.com/2013/02/wpid-photogrid_1361917604693.jpg  10 quotes from successful entrepreneurs   One of the quotes is: “A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.” – John C. Maxwell As you see there is again connection to fear of failure. ( former post on this blog) and the other one is even clearer: “Failure defeats losers, failure inspires winners” – Robert T. Kiyosaki  Investiopedia define the bird-in-hand principle as following : Definition of 'Bird In Hand' A theory that postulates that investors prefer dividends from a stock to potential capital gains because of th...

Effectuation in action

An interesting question is:  Source: http://www.growthinstitute.in/emagazine/apr11/images/entrf.jpg Article: How great entrepreneurs think Source: http://www.effectuation.org/sites/default/files/effectual-cycle-old.png   Source: http://www.effectuation.org/sites/default/files/means-causal-vs-effectual.png Source: http://www.erim.eur.nl/fileadmin/default/content/images/effectual%20thinking.jpg Source: http://hardianprab.files.wordpress.com/2011/02/saras-fig3.jpg Source: http://andres.phdstudents.se/wp-content/uploads/2012/11/Causation_vs_Effectuation.png

I'm human: I'm afraid of failing

Sourve: http://academy.justjobs.com/wp-content/uploads/2011/11/mgt67.png “Failure should be our teacher, not our undertaker. Failure is delay, not defeat. It is a temporary detour, not a dead end. Failure is something we can avoid only by saying nothing, doing nothing, and being nothing.”  – Denis Waitley I'm human: I'm afraid of failing. This is a title of a one chapter from a book called  Effectual entrepreneurship (2011, 61-70) The authors write also: "The key to learning from failures, of course, is to keep them small and kill them young."  On the same chapter there is a good example about succession. The title of story is Right and wrong. (p. 64): "- Sir, what is the secret of your success?, a reporter asked a successful businessman. - Two words. - And what are they, sir? - Right decisions. - And how do you make right decisions? - One word. - And what is that, sir? - Experience. - And how do you get experience? - Two words. - And what...

Becoming an entrepreneur - an excellent idea is needed

Kuva Margit Mannila Lets say that entrepreneurship  is turning a bright idea into a successful business . First we have naturally ask for: What is an entrepreneur and entrepreneurship ? We can define that an entrepreneur is someone who: can identify a niche in the market  – an entrepreneur can spot business opportunities that will fill gaps in the market can identify key people to help achieve goals  – nobody is an expert in everything! takes risks  – even if you have carefully researched the market, there's always a chance that customers may reject your product or service shows drive and initiative  – if you are launching a business you need determination and energy to overcome any obstacles is resilient  – all entrepreneurs have failures and successes. Your ability to learn from mistakes and move on is key to the success of your business. Source: http://www.careers.govt.nz/plan-your-career/make-a-career-decis...

I don't have enough money - Never give up

Very often people do say: Idin't have enough money to get started my business. But this is only an excuse. What? Really? Definitely yes. How can I say so? Because e.g. Dell was launched in 1984 with US$ 1000. So a good question is: How to start business with no money ? Raphael Amit, James Brander, and Christoph Zott (1999).VENTURE-CAPITAL FINANCING OF ENTREPRENEURSHIP: THEORY, EMPIRICAL EVIDENCE, AND A RESEARCH AGENDA ( PDF ) William R. Kerr &Ramana Nanda Financing Constraints and Entrepreneurship, Working Paper 10-013, HBS ( PDF ) Read also: http://hbswk.hbs.edu/item/6274.html Entrepreneurial Finance from rajeev roy Source: http://i.kinja-img.com/gawker-media/image/upload/jdrkbgaadosoghrsv2yb.jpg (17.2.2016). Drles, Kate. (2014) Shark Tank's Endlessly Weird But Always Entertaining Gender Obsession . (17.2.2016). Kevin O'Leary said once: enterprise is like a child. You have to grow it like a baby.  (17.2.2016) You have to sacr...

Entrepreneurs as a risk takers Ovatko yrittäjät riskinottajia?

Kuvat Margit Mannila  S ource:  http://api.ning.com/files/dzJVcnA3Xm0gS4Dc6SVppFyo-0G0lMDa4tWTzCq-t7r6pnO0SJfJKaS3aDw7VZAw7AduBLMqzTEycv2YJaW9zxvU0zQXx7sB/EntrepreneursRoadmapBPlanExperts.jpg (10.12.2015) Yrittäjyyteen liittyy sitkeä käsitys siitä, että yrittäjät ovat riskinottajia tai pelureita. Toki heitäkin varmasti joukkoon mahtuu. Käsitys, yrittäjästä riskinottajana, on tullut esiin jo hyvin varhaisissa yrittäjyyden määritelmissä, joista ensimmäisiä edustaa Richard Cantillon 1700-luvulla lanseeraama ajatus yrittäjästä riskinottajana. (Ks. linkki englanninkielisestä tekstistä.) Asia ei toki liene ihan yksiviivainen, vaikka yrittäjäominaisuuksia on yritetty selvittää ja etenkin menestyvän yrittäjän urapolkua tarkastella tieteellisessä tutkimuksessakin jo varsin pitkään ja perusteellisesti. Tänän liittyen yrittäjätyyppejä on tarkasteltu mm. piirreteorioiden avulla. Yrittäjältä vaaditaan toki kykyä ja halua ottaa riskiä tietyssä määrin. Mutta se käsitys, ett...

Lahjakkaiden naisten huijarisyndooma Impostor syndrome

Yle-puhe lähetti mielenkiintoisen ohjelman lahjakkaiden naisten huijarisyndoomasta . Huijarisyndooma syntyyn lienee usemapi syy. Asiaa on tutkittu ja tuloksiakin on luonnollisesti saatu. Yhtenä juonteena nähdään mm.  narsismi . KarylMcBriden teos "Enkö koskaan ole tarpeeksi hyvä?" ( Will I Ever Be Good Enough ?) Some links also in English about Impostor syndrome  (Wikipedia) Do you have the imposter syndrome? asks Judith S. Beck on her article.  Andrea Zellner writes about Banishing Impostor Syndrome . She is getting started like that : "Soon they will all know the truth that I am an idiot and don’t belong here." This kind of thinking is said to be very typical for the people who are. Source: http://www.washingtonpost.com/rf/image_606w/2010-2019/WashingtonPost/2012/06/07/CapitalBusiness/Graphics/careercoach11.jpg Read the story: by Joyce E. A. Russell: Don't fall prey to "Imposter Syndrome" . Academic Imposter syndrome  Pauline...