Friday, May 20, 2011

7 ways entrepreneurs are artists

Iteration is a key to success
Often businesses start with no clear business model, or wind up backing into a business model they never expected. Look at Google. They were into search, and wound up a lead generation machine connecting businesses with the people searching for their wares. But how did they get there? They started out in one direction and they iterated their way into what they do today. The path may not be clear, but entrepreneurs move on and figure things out along the way — much as a sculptor takes a block and chips away at it bit by bit.

I couldn't have framed this any better. I would only expand that 2 week sprints and 4-6 months iterations are keys to success. And I'd add that Business Plans only give investors a false sense of security and that incubators really don't incubate.

No comments:

Post a Comment