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My studies and understanding about entrepreneur skills, methodologies involved into transforming an idea into market.

These are not my theories. I learned these from books, business reviews, research papers, or blogs.

But it will be in my own words, as I understood them.

What makes them Entrepreneurial?

What makes the entrpreneurs to be entrepreneurial? What are the special attributes, qualities do they have compared to other working people?
#1 - Their Effectual Reasoning
What is that quality which makes entrepreneurs special? Their effectual reasoning compared to causal reasoning from the corporate managers.
#2 - Their ASAP Implementation
Why you should not delay your entrepreneurial activity by working for few years in another company to get - some money which will act as security and initial capital, some experience, and some contacts?
#3 - Their 'Beyond Corporate Life' attitude
Why being an entrepreneur does not limit to just working 8-5 efficiently, it is much more than that?
#4 - Their Business Acumen and Selling Attitude
How entrepreneurs know where the fishes are and how to catch them?
#5 - Their Frugality
How entrepreneurs know to maintain very low personal overhead and control their high spending patterns?
#6 - Their Motivation of Making Meaning
How entrepreneur's true motivation is not making money and it is making MEANING?
#7 - Their Ability to Form Strong Founding Team
How the ability of an entrepreneur to team up with another powerful entrepreneur and to form a strong founding team makes her more entrepreneurial?
#8 - Their Value Innovation approach!
Entrepreneurs know that if they want to start any venture in already crowded market then value innovation is the only way to break free from the pack. These value innovators create products or services for which they don't have direct competitors. With these new value offerings, they create the new market space.
#9 - Their Disciplined Innovation
How the foundation of entrepreneurship is to do systematic and disciplined innovation?
#10 - Their "Thinking Different by 'n' times" ability
Why the amplitude at which entrepreneur thinks differently should not 10-15% better than any existing idea, and rather should be 10-15 times better than any existing idea?
#11 - Their Overconfidence
How enterpreneurs' overconfidence in their ability allows them to take the leap and start an innovative venture.
#12 - Their Drive to Beat the Odds!
How their ability to perform under tremendous pressure and their irrepressible drive to beat the odds is really what makes them successful.
# 13 - Their Ability to Adapt on the Fly!
Entrepreneur has to spot an opportunity - whether it is a new customer, market, or product - and mobilize a response immediately. They need to adapt to the situations very quickly and take the decisions within very short span of time.
# 14 - Their 'LUCK'
One of the differences between 'the brilliant idea that is not successful' and 'the brilliant idea that is successful' is 'LUCK' of its founders.
#15 - Their Attentional Style
This is the quality of entrepreneurs to "think outside the box" generally known as "Attentional Style" which distinguishes them from other managers. "Attentional Style" is the ability to analyze a situation and come up with effective ideas or solutions to problems.
#16 - Their ignorance in knowing their "Limits"!
The difference between an entrepreneurial person and a non-entrepreneurial person is that non-entrepreneurial person has its own limits.
#17 - Their "Don't Fear" Attitude!
Tim Sanders explains very well how entrepreneurs don't fear to make new mistakes. It's a must watch video.
#18 - Their Good Health
One of the vital reasons why entrepreneurs can sustain in the race of stressful competition is that they are healthy people.
#19 - Their ability to build 'Quality Relationships'
It's not important to have only big quantity of your network. Entrepreneurs focus on building a quality network while maintaining the quantity aspect.

Beyond the Ideas...

What next after you have an idea? How to execute it? How to trasnform your ideas into profitable market?

Some basic but very important steps to be considered while traveling the start-up journey.
Inked Corporate
Why having founders with true set of values is essential in the corporate world?
Will it be a Spamming?
As community based web platforms are getting more and more popular, can weuse these platforms as one of the fastest medium to reach to the huge user base? Or will it be considered as spamming?
No. It cannot be spamming!
Why community based marketing cannot be considered as spamming? What conditions you should adhere while promoting your idea through web based community?
From Concept to Reality
Mr. Nickhil Jakatdar presented his insights and experiences on his entrepreneurial journey - 'From Concept to Reality'. Nickhil is a Engineering Group Director in Cadence Design Systems, USA. He co-founded Timbre Technologies when he was studying in a graduate school. He sold that company to Tokyo Electronics for handsome amount of money. He also served as president and COO of Praesagus. Nickhil completed his MS and PhD from UC Berkeley and BE from COEP, University of Pune.

by

adikot

I am a learner, observer and implementer. Discipline, Values, Hardwork, and Committment defines me the best.  

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