Posts tagged ‘entrepreneurship’

November 7, 2010

Watch the movie “social network” in Cambridge university

It is very interesting to watch the movie about facebook in the cambridge university. Facebook was funded by Mark Zuckerberg, from Harvard university who is regarded as the 2nd bill gates.
Why it is interesting? First the university of Cambridge and the harvard university are close in the ranking and regarded as the best university in the world. So for me, a MBA applicant from china, felt the world getting small and everything is possible. I didn’t expect I would have done this a week ago and now it is happening. I’m visiting one of the best universities. Second, the university of Cambridge has devoted itself to promote entrepreneurship for 40 years now while not sure about harvard, but which did have bill gates and mark zuckerberg dropped out of the university. It is easy to think that harvard is greater to create entrepreneurs.
I have been here for two days and going to have interview on 8th. I have been talked to a few people on the campus and i believe it’s a great place to learn entrepreneurship and start my own high technology business.
I hope I will do great on my interview and get admission. I do want to come back again.

October 7, 2010

Recommend a book for Entrepreneurs: The E-myth Revisited

It’s the right decision to have my first ipad and most valuable use of my ipad to read book at any circumstances i can.

I would like to recommend a book for any entrepreneur even though i haven’t finished it yet. But i can’t help to make the recommendation.

It’s a book to address why most small business don’t work and what to do about it. Since every business start small and it’s vital to survive and to grow in the infancy stage. The review on amazon of this book is 4 stars and a half with many comments.

I just finished the 2nd chapter and am very impressive by the idea the book reveals to me. As the book suggests, every person has three personalities: the Entrepreneur, the Manager and the Technician. About 70% of business are started by Technician and they will run into the wall somehow. Because they lack of the personality of the Entrepreneur.

So who is the Entrepreneur?

The Entrepreneur is the visionary in us. The dreamer. The energy behind every human activity. The imagination that sparks the fire of the future. The catalyst for change.  The Entrepreneur lives in the future, never in the past, rarely in the present.

and what does Entrepreneur do?

The Entrepreneur is our creative personality always at its best dealing with the unknown, prodding the future, creating probabilities out of possibilities, engineering chaos into harmony.

Ok, that’s fine for the definition. But what exactly does the Entrepreneur do.  In my interpretation, They dream and ask the right questions.  They see the future, they dream big and they ask what’s the uniqueness of the business, how to make people like it and keep coming back for it, how to create better delightful experience, what will the business be in 5 years, in 10 years. how to grow the impact to the community and affect more people. The work of an Entrepreneur is to wonder, to imagine and to dream.

Keep coming……

http://www.amazon.com/E-Myth-Revisited-Small-Businesses-About/dp/0887307280/ref=sr_1_1?s=books&ie=UTF8&qid=1286468803&sr=1-1

September 17, 2010

Entrepreneur’s Credo

I do not choose to be a common person. It is my right to be uncommon–if I can. I seek opportunity–not security. I do not wish to be a kept citizen, humbled and dulled by having the state look after me. I want to take the calculated risk, to dream and to build, to fail and to succeed. I refuse to barter incentive for a dole; I prefer the challenges of life to the guaranteed existence; the thrill of fulfillment to the stale calm of Utopia. I will not trade my freedom for beneficence nor my dignity for a handout. I will never cower before any master nor bend to any threat. It is my heritage to stand erect, proud, and unafraid; to think and act for myself; to enjoy the benefit of my creations; and to face the world boldly and say: This, with God’s help, I have done. All this is what it means to be an entrepreneur.

August 16, 2010

next action

Finally consolidated my business plan.  My plan is to target at app development on smartphone. There are three ways to realize it. i. online-platform; ii. co-office environment to incubate small development team; iii. coach for oversea marketing promotion.

i can leverage the resource once i start my MBA to fulfill above plan and hope to meet partners and angel investor.

Now i’m going to head down to learn iphone app development. I haven’t programmed since i graduated from the graduate school. Now in order to know the process of app programming, i need to start again. I find a coach and will pay some consultant fee for his advising and teaching.

The following time of this year will be very busy. Learn to develop iphone app and apply for MBA. I hope to get above done successfully.

August 9, 2010

10 Secrets of Successful Entrepreneurs

10 Secrets of Successful Entrepreneurs

How do you know whether you can be a successful entrepreneur, or if you are better off as a salaried employee? While there is no surefire formula for success, studies have shown that successful entrepreneurs share these ten characteristics. Check if you possess any one of them.
by Isabel M. Isidro
Managing Editor
Running a one-person business is a creative, flexible and challenging way to become your own boss and chart your own future. It is about creating a life, as it is about making a living. It takes courage, determination and foresight to decide to become an entrepreneur. From the relatively safe cocoon of the corporate world, where paychecks arrive regularly, you will be venturing into the unchartered territories of business.
Is there a way to determine whether you can be a successful entrepreneur, or you are better off to work for somebody else? Alas, there is no formula for success. However, most successful entrepreneurs share these ten characteristics. Check if you possess any one of them:
1. Think success. To attain the kind of success that you want, you need to dream big. Every success story starts with big dreams. You need to have big dreams for yourself – which you want to be somebody rich, famous or fulfilled. You need to have a clear vision of what you want to achieve. But it doesn’t stop in dreaming alone. You should actively visualize success in your mind that you can almost feel it, touch it or it is within your reach. Play this image back at every opportunity. What does it feel to triple your current income? How will your life change? What will your business look like if you achieved the million-dollar mark?
Successful entrepreneurs possess an attitude of openness and faith that you can have what you want if you can simply envision it as the first step on the path of action to acquiring it. Management gurus have taught us the power of visualization – seeing yourself in your mind as having accomplished your dreams. If you want to be a successful writer, envision yourself signing books for a throng of people who have lined up to have your autograph. If you want to be rich, picture yourself in luxurious surroundings holding a fat bank account. And the process of envisioning success for you should be a constant activity! You need to think that you are successful (or will be one) every single waking hour. A personal development coach shared me her secret to help her continuously visualize her goals for the moment: when climbing stairs, recite your goal with every step you take. So if you want more money, say “I will have money” in every step of the stairs. This technique will reinforce your goal and keep it fresh in your consciousness.
2. Be passionate with what you do. You start a business to change any or all part of your life. To attain this change, you need to develop or uncover an intense, personal passion to change the way things are and to live life to the fullest. Success comes easily if you love what you do. Why? Because we are more relentless in our pursuit of goals about things that we love. If you hate your job right now, do you think you will ever be successful at it? Not in a million years! You may plod along, even become competent at the tasks, but you will never be a great success at it. You will achieve peak performance and do what you have to do to succeed only if you are doing something that interests you or something that you care about. Entrepreneurs who succeed do not mind the fact that they are putting in 15 or 18 hours a day to their business because they absolutely love what they do. Success in business is all about patience and hard work, which can only be attained if you are passionate and crazy with your tasks and activities.
3. Focus on your strengths. Let’s face it; you cannot be everything to everybody. Each of us has our own strengths and weaknesses. To be effective, you need to identify your strengths and concentrate on it. You will become more successful if you are able to channel your efforts to areas that you do best. In business, for example, if you know you have good marketing instincts, then harness this strength and make full use of it. Seek help or assistance in areas that you may be poor at, such as accounting or bookkeeping. To transform your weakness to strength, consider taking hands-on learning or formal training.
4. Never consider the possibility of failure. Ayn Rand, in her novel The Fountainhead, wrote, “It is not in the nature of man – nor of any living entity, to start out by giving up.” As an entrepreneur, you need to fully believe in your goals, and that you can do it. Think that what you are doing will contribute to the betterment of your environment and your personal self. You should have a strong faith in your idea, your capabilities and yourself. You must believe beyond a shadow of a doubt that you have the ability to recognize and fulfill them. The more you can develop faith in your ability to achieve your goals, the more rapidly you can attain it. However, your confidence should be balanced with calculated risks that you need to take to achieve greater rewards. Successful entrepreneurs are those who analyze and minimize risk in the pursuit of profit. As they always say, “no guts, no glory.”
5. Plan accordingly. You have a vision, and you have enough faith in yourself to believe that you can achieve your vision. But do you know how to get to your vision? To achieve your vision, you need to have concrete goals that will provide the stepping-stone towards your ultimate vision. Put your goals in writing; not doing so just makes them as intangible fantasies. You need to plan each day in such a way that your every action contributes to the attainment of your vision. Do you foresee yourself as the next Martha Stewart of hand-made home furnishings? Perhaps today, you need to see an artist to help you conceptualize the new line of hand-made linens that you hope to launch. Intense goal orientation is the characteristic of every successful entrepreneur. They have a vision, and they know how to get there. Your ability to set goals and make plans for your accomplishment is the skill required to succeed. Plan, plan and plan – because without which failure is guaranteed
6. Work hard! Every successful entrepreneur works hard, hard and hard. No one achieves success just by sitting and staring at the wall every single day. Brian Tracy puts it out this way, “You work eight hours per day for survival; everything over eight hours per day is for success.” Ask any successful businessperson and they will tell you immediately that they had to work more than 60 hours per week at the start of their businesses. Be prepared to say goodbye to after-office drinks every day, or a regular weekend get-away trip. If you are in a start-up phase, you will have to breathe, eat and drink your business until it can stand on its own. Working hard will be easy if you have a vision, clear goals, and are passionate with what you do.
7. Constantly Look for Ways to Network. In business, you are judged by the company you keep – from your management team, board of directors, and strategic partners. Businesses always need assistance, more so small businesses. Maybe the lady you met in a trade association meeting can help you secure funding, or the gentleman at a conference can provide you with management advise. It is important to form alliances with people who can help you, and whom you can help in return. To succeed in business, you need to possess good networking skills and always be alert to opportunities to expand your contacts.
8. Willingness to Learn. You do not need to be a MBA degree holder or PhD graduate to succeed in your own business. In fact, there are a lot of entrepreneurs who did not even finish secondary education. Studies show that most self-made millionaires have average intelligence. Nonetheless, these people reached their full potentials achieved their financial and personal goals in business because they are willing to learn. To succeed, you must be willing to ask questions, remain curious, interested and open to new knowledge. This willingness to learn becomes more crucial given the rapid changes in technologies and ways of doing business.
9. Persevere and have faith. No one said that the road to success is easy. Despite your good intentions and hard work, sometimes you will fail. Some successful entrepreneurs suffered setbacks and resounding defeats, even bankruptcy, yet managed to quickly stand up to make it big in their fields. Your courage to persist in the face of adversity and ability to bounce back after a temporary disappointment will assure your success. You must learn to pick yourself up and start all over again. Your persistence is the measure of the belief in yourself. Remember, if you persevere, nothing can stop you.
10. Discipline yourself. Thomas Huxley once said, “Do what you should do, when you should do it, whether you like it or not.” Self-discipline is the key to success. The strength of will to force yourself to pay the price of success – doing what others don’t like to do, going the extra mile, fighting and winning the lonely battle with yourself.
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