Entrepreneurship expert Clinton E. Day, author of âUnderstanding Lean Start-up,â joined me on âTurn the Pageâ to discuss a methodology that has been found to multiply a businessâs chances for success compared with the more traditional approach of creating a business plan to launch a new venture. In addition to describing how startups can model an idea and ensure product-market fit prior to doing business, Clint explains how an increasing number of large corporations are engaging the creativity and innovation from entrepreneurship to improve products and results. Listen to our conversation to learn more!
In this post, he identifies what defines an entrepreneurial mindset. Clint states:
âIt is many things, but common to all entrepreneurs are two ingredients, OPPORTUNITY RECOGNITION and RISK ASSUMPTION. Seeing opportunities others do not and the willingness to take a risk, a leap of faith are integral to this mindset. Entrepreneurs use their imaginations and creativity. They identify, evaluate, and develop opportunities. Experience, information, and social networks influence opportunity recognition. Entrepreneurs accept a high level of uncertainty with no guarantee of success. They visualize what they would like to accomplish, and track progress toward their goals.â
Clint shared some of his FAVORITE QUOTES to inspire and inform your âfree enterpriseâ endeavors:
Creativity is connecting things, creative people just see something.â
Steve Jobs, Co-founder, Chairman, and CEO of Apple, Inc.
âEntrepreneurship is living a few years of your life like most people wonât, so that you can spend the rest of your life like most people canât. â
âEvery single person I know who is successful at what they do is successful because they love doing it.â
Joe Penna, Award-winning Filmmaker (Writer, Director) and TV Host
âFailing to plan is planning to fail.â
âThe best way to predict the future is to create it.â
Peter Drucker, American Management Consultant, Educator, and Author, The âFounder of Modern Managementâ
âItâs hard to beat a person who never gives up.â
Babe Ruth, legendary Major League Baseball player
âArouse in the others an eager want.â
Dale Carnegie, Best-selling Author of âHow to Win Friends and Influence Peopleâ
RESOURCES TO SUPPORT THE SUCCESS OF YOUR VENTURE
2. The website of âlean startupâ pioneer, Steve Blank, author of âFour Steps to the Epiphany,â and co-author of âThe Startup Ownerâs Manual.â
Listen to my conversation with Clint to gain tools that will guide you through the three components of lean startup. Hereâs to positioning your business, and you as a leader, for success!
Hemda Mizrahi is the Managing Director of Life & Career Choices, which offers coaching to executives, professional athletes, and other high performers seeking to transition to entrepreneurship, and generalist consulting services to small and mid-size businesses. She is the host and producer of the Internet radio show, âTurn the Page.â