What Is Entrepreneurship?
is first and foremost a mindset. It
is the art of finding profitable
7 Routes To
Creative Problem Solving
Turn Problems to Opportunities:
Every successful entrepreneur, every successful businessperson has
been someone who's been able to identify a problem and come up with a
solution to it before somebody else did.
Yin and Yang
high-tech entrepreneurs, a key motivator is a challenge of venturing
into a terra incognita and being the first.
The Magic of
Surprise To Win:
The Key To
make much more money than average ones because they found a way to tap into
a need in the market...
Facebook: 10 Success Lessons from
Alibaba: 10 Success Advices from
15 Rules for Entrepreneurial Success
Founder of Panasonic, was born into a well-off landowning family in 1894. A
decline in the family's fortunes during his childhood meant that Matsushita's
education was cut short. At age 9 he became a brazier's apprentice, then a year
later a bicycle shop apprentice. At age 16 he went to work in the Osaka Electric
Konosuke Matsushita began the Panasonic’s
journey by inventing a two-socket light fixture. This very important, yet
elegantly simple, breakthrough led to what is now one of the world's largest
electronics companies. In the late 1980s, Matsushita’s revenues hit a
whopping $42 billion. With nearly 20,000 employees, Matsushita grew such
household brand names as National, Panasonic and Technics...
Sam Walton, the founder of Wal-Mart, grew up poor in a farm
community in rural Missouri during the Great Depression. The
poverty he experienced while growing up taught him the value
of money and to persevere.
He served in World War II, after which he became
a successful franchiser of Ben Franklin five-and-dime
stores. In 1962, he had the idea of opening bigger stores,
sticking to rural areas, keeping costs low and discounting
heavily. The management disagreed with his vision.
Undaunted, Walton pursued his vision, founded Wal-Mart and
started a retailing success story. When Walton died in 1992,
the family's net worth approached $25 billion.
Today, Wal-Mart is the world's #1 retailer...
10 Rules for Building a Successful Business
Ross Perot has become a
billionaire by discovering a customer need and filling it. When Ross Perot was
working for IBM, he saw that his customers who were buying IBM computers, needed
help in processing their data. He went to IBM with the idea of creating such
service but they said they weren't interested. Ross Perot started his own
business and eventually sold it out for $2.8 billion dollars.