News
Having Ideas Versus Having a Vision
Good article about the differentiation between merely generating ideas and casting a vision. So how do you make the transition? In addition to what the author writes below, I would add: 1. Learn to think like an entrepreneur; 2. Think in terms of markets and value proposition and not just products or services; 3. Think about long-term value and not short-term fixes; 4. Think about challenging the status quo and disrupting current assumptions and not merely accepting the norm.
via
- March 1, 2010
20 (More) Reality-Checking Questions for Would-Be Entrepreneurs
This is an excellent follow up to the previously posted test to see if you should be an entrepreneur...
via
- February 27, 2010
Most Global Profits Come from Turbulent Industries
We all know our economy is in a downturn, but downturns often have the affect of shaking out industries and business models and forcing them to restructure. As we point out in our Venture Analysis tool (https://newventurelab.com/analysis/), an entrepreneur needs to look for other macro trends that affect their target industry. Per the statistic below, if two thirds of the global economy is being adversely impacted by the economy and -- at the same time -- being fundamentally changed, then a lot of additional risk is going to accompany any business in those sectors. Entrepreneurs need to beware, be nimble and be creative given this context...
via http://web.hbr.org/email/archive/dailystat.php
- February 26, 2010
Should You Be An Entrepreneur? Take This Test
This isn't a bad test. The key thing it is missing for believers is: 1. Is it God's will for you to be an entrepreneur?, and 2. Has God gifted you with the experiences and abilities you will need to pursue your plan?
via
- February 24, 2010
Achieving Sustained Growth: No Cakewalk
You've probably heard the expression that "flat is the new up" when it comes to top line revenue growth for companies, but now the stats are in past full decade and they are very sobering stats indeed...
via http://web.hbr.org/email/archive/dailystat.php
- February 24, 2010
Tragedy at Toyota: How Not to Lead in Crisis
As I've mentioned before on NVL, business only works well within the context of a Biblical framework, otherwise, companies -- greedy for gain -- will make poor decisions that are detrimental to customers. Toyota is just the most recent case. Their CEO made his public apology today in Washington D.C. claiming that he would move safety back to the #1 slot...
via http://hbswk.hbs.edu/
- February 24, 2010
Modern procrastination
Good article warning about how modern technology can distract us. Our email inbox or Facebook page can easily rule our day if we let it...
via
- February 1, 2010
