Quotes About Entrepreneurship

A head start is rarely large enough to matter, and time spent in stealth mode—away from customers—is unlikely to provide a head start. The only way to win is to learn faster than anyone else.

Successful entrepreneurs do not give up at the first sign of trouble, nor do they persevere the plane right into the ground. Instead, they possess a unique combination of perseverance and flexibility. The

This line of thought evolved into the Lean

Grockit offers

Our goal in building products is to be able to run experiments that will help us learn how to build a sustainable business.

Startup success can be engineered by following the right process, which means it can be learned, which means it can be taught.

dot-com flameouts that erroneously believed that they could lose money on each customer but, as the old joke goes, make it up in volume.

For startups, the role of strategy is to help figure out the right questions to ask.

As I can attest, anybody who fails in a startup can claim that he or she has learned a lot from the experience. They can tell a compelling story.

David faced the difficult challenge of deciding whether to pivot or persevere. This is one of the hardest decisions entrepreneurs face. The goal of creating learning milestones is not to make the decision easy; it is to make sure that there is relevant data in the room when it comes time to decide.

definition of a startup: a human institution designed to create new products and services under conditions of extreme uncertainty.

Before new products can be sold successfully to the mass market, they have to be sold to early adopters. These people are a special breed of customer. They accept—in fact prefer—an 80 percent solution; you don't need a perfect solution to capture their interest.4

All this time, David was learning and gaining feedback from his potential customers, but he was in an unsustainable situation. You can't pay staff with what you've learned,

El objetivo de una startup es averiguar qué debe producirse, aquello que los consumidores quieren y por lo que pagarán, tan rápidamente como sea posible.

Entrepreneurship is a kind of management. No, you didn't read that wrong.

Yet if the fundamental goal of entrepreneurship is to engage in organization building under conditions of extreme uncertainty, its most vital function is learning. We must learn the truth about which elements of our strategy are working to realize our vision and which are just crazy. We must learn what customers really want, not what they say they want or what we think they should want. We must discover whether we are on a path that will lead to growing a sustainable business.

Successful entrepreneurs do not give up at the first sign of trouble, nor do they persevere the plane right into the ground. Instead, they possess a unique combination of perseverance and flexibility.

Pivotal Labs.

I know for me, the MVP feels a little dangerous—in a good way—since I have always been such a perfectionist.

The solution to this dilemma is a commitment to iteration. You have to commit to a locked-in agreement—ahead of time—that no matter what comes of testing the MVP, you will not give up hope. Successful entrepreneurs do not give up at the first sign of trouble, nor do they persevere the plane right into the ground. Instead, they possess a unique combination of perseverance and flexibility. The MVP is just the first step on a journey of learning. Down

thing to build—the thing customers want and will pay for—as quickly as possible.

But everything changed when they made one small tweak to the product. They added to the bottom of every single e-mail the message "P.S. Get your free e-mail at Hotmail" along with a clickable link.

Entrepreneurs are different in many ways, whether starting their own small company or inventing new products and businesses within a company like GE. But they also share certain traits. They are fast. They embrace new thinking. They are geared for disruption and innovation through uncertainty. One

It was time for a pivot or persevere meeting.