Articles Tagged ‘Entrepreneurship’

What is Government’s Role in Innovation and Entrepreneurship

Thursday, September 13th, 2012

kylepic

Recently I have been extremely interested in the ideas behind government, innovation, and entrepreneurship. What exactly is the role of government in a free society when it comes to the support of entrepreneurs? Especially entrepreneurs who are associated with the software, medical, and technology industries. I decided to start scouring the Internet for different videos to watch in regards to this topic. I stumbled across this video from the Kauffman Foundation that highlights Charles E. Phillips who was at the time the president of Oracle.

Mr. Phillips starts the conversation talking about government’s role in innovation and job growth. There were a couple of key points within the video that I thought I would point out.

What Should the Government Do to Support Markets
1.Build essential leadership to help educate other leaders in different industries
2.Generate and lead cooperation between different industries.
3.Set national standards because of an overlap/differences between state laws
4.Lead and co-invest in new markets that have extremely high barriers to entry but are valuable for the country.
5.High risk investment opportunities that have national importance but are over the top for private equity
6.Help understand and revive inflection points in the economy where normal investments stalled.

I think there is a fine line to draw in regards to governments activity within innovation, investment, and entrepreneurship. As Mr. Phillips pointed out, there wouldn’t have been an Oracle without the help and belief of the government when Larry Ellison first started the company.

What do you think? What is the government’s role in innovation and entrepreneurship?

kyle lacy
ExactTarget
(blog) www.kylelacy.com
(join) www.smallerindiana.com
(tweet) kyleplacy

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How I deal with Reality…The List

Monday, February 13th, 2012

ScottManning

I’m going to entertain you today by elaborating on my personal strategies for dealing with reality and giving you a list that I follow. It’s not a complete list to be fair some things just happen at this time I don’t even consciously know or remember.

Also, let me remind you of one of the most critical principles of success…there is
no profit in being a critic, judging, and especially thinking you are any different,
your circumstances, situation, etc – everyone CAN benefit from my ideas in some
manner.

Oh, my stuff isn’t for everyone, and I would encourage you to use my list as
inspiration to customize your own. The major point is – I have a list…like doors
guarding the castle, guns ready to fire, protective spells cast against all
naysayers and detractors…if you don’t have a list you’re at the mercy of anyone
and everyone else ‘out there’.

Attempting to make a complex thing simple; we’re going to divide this into two parts.

First, internally, what you do, for you, for your “reality”.
Second, externally, what you do related to others “reality”.

I believe in self-imposed discipline. That all humans innately have none…except
what they or society forces upon themselves.

If you want to be a high income earner, and certainly accumulate wealth of any
significance, and grow a business, you must put yourself in an environment that
allows you to focus on that.

You’ve heard Brian Tracy’s saying taken from someone else I believe, “what you think
about most is what you become” or something like that.

Well, let’s get clear, what you “do” most will determine your results.
So if you are DOING things that results in increasing your value, growing your
business, making you money, then you will have more of that.

I believe you will be paid exactly what you are worth based on you, the value you
bring, and the environment you put yourself in.

This means REALITY Number 1 – you must invest the majority of your time on that
which you want to “become”. If you want to make a lot of money, you must work daily
at doing only those things that result in you making a lot of money.

You must become more valuable.

I work, not all the time, but more than anything else I do.
I study, invest, plan, organize, strategize, every day, in everything I can, things
that will make the “work” more valuable. Make me better.

I can tell you without a doubt, if you ask most people to tell you what they do MOST
each day, week, month, you will find THAT thing to be center in their reality. And
for most it is NOT their business, not their personal abilities, not making money.

It is amazing to me that many entrepreneurs think that they have freedom to do
whatever they want. No, this is not true. You decided to have responsibility which
gave you opportunity to EARN the right to do whatever you want…the keyword is
EARN.
read full article »

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Do What You Love – Don’t Settle

Monday, January 2nd, 2012

SerinaKelly

I read an interesting blog post last week by Chris Brogan. Now, honestly, I’m not one of Brogan’s biggest fans, and I’m sure his ego will be okay with me saying this as I know he has plenty of them – fans, not egos, but I do read his blogs now and then, and this one caught my eye – it was called “We’re No Experts.”

It so reminded me of what I see happen so much in this world of entrepreneurship – especially starting out. Too many times, we get in front of a prospect and listen to what they are wanting, and we say “we can do that.” Chris put it perfectly…

“We are quite often given the opportunity to do something we’re not qualified to do. We often take on projects we’re not qualified to take on. I do it all the time. I will sign up for something, learn that I have no idea how to do it the way I imagine it, and then I rush to learn how to accomplish something that will make my client feel I’ve delivered value.”

Now during this time, you might actually find you love what you learned and want to incorporate it into your business, but in many cases, this probably is not true. What Chris continues to say in his blog, and what I have preached for the past three years of owning my business – do what you are passionate about!

Make a vow that 2012 will be the year you focus on what you love, what you are passionate about, and I bet you will be happier, healthier and much more successful!

Serina Kelly
Relevate
www.getrelevate.com
serina@getrelevate.com
317-203-7740

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New Economy, New Model, think in the box

Thursday, June 30th, 2011

Businesses today are learning to cope, survive and then hopefully thrive in this “new” economy. Change for most people is painful, but for entrepeneurs it can be the best of times. Most of the long-term business owners I have worked with are linear thinkers. They aren’t afraid of processes. They actually lean on processes to function at the highest of levels. The volatility in the market today is calling for entrepreneurial thinking. An economy with $4.00 a gallon gas, housing starts in half and manufacturing as well as low-level labor being outsourced across borders.

The key to evolving your business model in this new economy is to define the “box” in which you reside, specifically define the sides of the box that make up your business.

1. Exceeding client expectations
a. How do we blow our prospects or customers minds with results and or “the” experience? Many times we will face some initial push back on changing the way we deliver our service in the new model so the results really do need to speak for themselves.

2. Budget, Profit and Stakeholders

Are we holding to a budget? Is the company making money and are employees happy and evolving? If these things cannot be met then our model is not sustainable, which means capital and people will eventually wear out.

3. DNA

Do we have the people to really get it done or how can we even leverage our people on a greater level to create more abundance? What are we doing that is against the organization’s DNA? I find in working with companies that when you simply ask the question, “What could you be doing if you didn’t do that anymore?” Or, if you fired that one high-maintenance client, how many more could you serve? The overwhelming theme is relief, power and the ability to once again accept challenges. Let’s face it businesses are just groups of people working towards common goals. If they feel good about their life, about their job – they will make the impossible, possible.

4. Time

Do we have the time to accomplish this change to survive the valley during the implementation of our new plan read full article »

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