Have you ever watched a successful business owner and asked yourself, “how do I get an idea for a startup?” Getting a startup idea can happen as a moment of inspiration, or from slow reflection on a problem. A startup idea may come from frustration. Or, from seeing technology and […]
Startups fail for a lot of reasons. In fact, according to CB Insights, there are 12 common reasons they fail. While the number one is a lack of capital or fundraising, a whopping 35% of those that fail do so because there’s no market need. 20% of those that fail […]
Being your own boss, calling all the shots, and hustling to hit your goals is the ultimate career goal for many people. But as awesome as being an entrepreneur sounds, it’s also incredibly difficult. How difficult?
So you want to be your own boss, but you’re not sure how to get there. We wish there were a straightforward set of entrepreneur education requirements that work for every single person. Instead, what each entrepreneur needs to learn depends on things like their goals, skills, and available resources.
Entrepreneurship education helps people develop the skills and attributes required to realize opportunity. It’s not the same thing as the school of hard knocks—or at least, it doesn’t have to be.
Innovation is an increasingly imperative part of any successful enterprise, but it takes savvy executives to develop a workplace culture built around innovation. Innovation gives companies an edge over their competitors, but lack of innovation in business can cause failure. Research indicates that in the past 21 years, 52% of […]
As entrepreneurs, business owners, and innovators, we are connected to our customers now more than ever before. Since we live in a fast-paced world that is in constant flux, businesses have to adapt their innovations to remain flexible and relevant. Customers consume, demand, and interact with products—they want to be […]
Building a successful business innovation lab balances creative freedom with quality management processes and analytics to generate ideas that improve a business’ future prospects. McKinsey reports that 84% of executives consider innovation an essential part of their future success. 80% believe their business model is at risk without it. And […]
In the world of startups, there’s a common bias among investors towards teams of founders. While we can’t speak for every investor out there, it seems the common reason for this perspective comes down to skills; two founders bring twice as much experience and perspective to the table. This is […]
You’re a curious entrepreneur with an idea. How can you start a business from scratch and turn your invention into an innovation? Innovation is about examining what others have left unexamined. It’s challenging the status quo, noticing trends that others are missing, and uncovering hidden customer desires. There are many […]