Hio
folks, creatives and all social networkers! It’s true that when
financing a business, sometimes the process seems like an endless race
against the clock. But let’s try to demystify the crises, the recoveries
and what aggressive entrepreneurship is all about…! First of all, the
aggressive or otherwise, proactive entrepreneur is defined by Google as:
“The aggressive entrepreneur operates more on the idea that there are
many opportunities and uses whatever resources are there to achieve
those objectives. This is more focused on what's next, what more can be
achieved and generating growth through personal action and conviction.”
But what actually happens to business people when they have predicted neither the extent nor the size of real-world problem solving? What actually happens to all creatives when they just listened to something and they simply punch it into somebody else’s face? Especially those kinds of people that whatever they listen at, themselves, they serve it to others? Lending somebody else your ears is a rather inexperienced solution so this is where first-hand knowledge should come into play.
“A startup's success is determined by its momentum: the ability to quickly set up experiments and find workable solutions. By experimenting, it’s possible to find new ideas and insights, the best of which can be scaled into a successful business. If an idea is not new enough or groundbreaking, no investor will touch it.”
“Virtually every startup will encounter a "Death Valley" somewhere along the way. Cash reserves are dwindling month by month. Product announcements are increasingly delayed as technical problems accumulate. The original idea is starting to feel like a bad one, and especially the idea that it could somehow generate revenue for the company starts to seem like a lost cause.
However, the startup must still push forward. After market testing and development, your product finally looks like it can begin to generate revenue for the company. Now it’s time for the commercial release. If all goes well, you can start expanding your marketing efforts and scaling your product market share.
Throughout this journey, a startup teeters on the edge of life and death.”
Comments into quotation marks have been Aalto University classes’ advice. What do they mean exactly and how should entrepreneurs utilize them to find success? Let’s be honest folks. We talk about past and future…! No matter if you try to market the next Silicon Valley technology or an entertainment conglomerate that will continuously break the confinements of the status quo, I believe that focusing on the concept innovation instead of the technological innovation makes all the difference. Paradoxically, ‘sometimes’ for AI researchers and developers for example, data is often the least incentivized aspect, viewed as ‘operational’ relative to the lionized work of building novel models and algorithms. So that’s exactly the point where failure arises. Simply put, favoring math and technology instead of ideas, data and artistic visions brings the doom closer…
On the other side, quoting on the beginning of this article, having had a good idea only to start losing faith and start fighting with quantum leaps, Nostradamus prophesies, Doctor Manhattan in Watchmen, etc, is a reality that brings into play the term MVP. By this we mean Minimum Viable Product. Just pay attention at some resources by Kiuas Inside on making sense of MVPs:
“Many projects fail badly because they do Big Bang delivery (build the thing until 100% done and deliver at the end). I’ve lost count of the number of failed projects I’ve seen because of this. However, when Agile is presented as an alternative people sometimes balk at the idea of delivering an unfinished product – who wants half of a car?. Imagine this:
“Here sir, here’s our first iteration, a front tire. What do you think?”
Customer is like “Why the heck are you delivering a tire to me? I ordered a CAR! What am I supposed to do with this?”
(By the way, I’m using the term “customer” here as a generic term to represent people like product managers, product owners, and early adopter users).
With each delivery the product gets closer to done, but the customer is still angry because he can’t actually use the product. It’s still just a partial car.”
By creating an obvious utility, usability and an elaborate totality of an MVP, makes better sense to the fact we have to be cautious when we come up with upgrades. Many times, lack of experience, lack of self-awareness, liking to excel in running and power, technological confusions, etc, can cause pre-mature death, loss of fortune and privacy invasion as an aftermath.
Conclusively, when you turn a page in your life for a new one, you might find problems you didn’t expect. New technologies have opened up fresh possibilities for creative success but this has not erased the importance of history. On the contrary, the lessons of the past seem more relevant than ever in an age in which communications play an unprecedented role. To the point, we must never confuse social perceptions and the social internet, with the professional one. Assumptions that an everyday man knows everything about Hollywood or the infrastructure of big economic systems are past already. Which leads to why I gave this title at my post… Have a great time folks!
Photo courtesy of Entrepreneur.com picturing Walter Elias Disney at his beginnings!
But what actually happens to business people when they have predicted neither the extent nor the size of real-world problem solving? What actually happens to all creatives when they just listened to something and they simply punch it into somebody else’s face? Especially those kinds of people that whatever they listen at, themselves, they serve it to others? Lending somebody else your ears is a rather inexperienced solution so this is where first-hand knowledge should come into play.
“A startup's success is determined by its momentum: the ability to quickly set up experiments and find workable solutions. By experimenting, it’s possible to find new ideas and insights, the best of which can be scaled into a successful business. If an idea is not new enough or groundbreaking, no investor will touch it.”
“Virtually every startup will encounter a "Death Valley" somewhere along the way. Cash reserves are dwindling month by month. Product announcements are increasingly delayed as technical problems accumulate. The original idea is starting to feel like a bad one, and especially the idea that it could somehow generate revenue for the company starts to seem like a lost cause.
However, the startup must still push forward. After market testing and development, your product finally looks like it can begin to generate revenue for the company. Now it’s time for the commercial release. If all goes well, you can start expanding your marketing efforts and scaling your product market share.
Throughout this journey, a startup teeters on the edge of life and death.”
Comments into quotation marks have been Aalto University classes’ advice. What do they mean exactly and how should entrepreneurs utilize them to find success? Let’s be honest folks. We talk about past and future…! No matter if you try to market the next Silicon Valley technology or an entertainment conglomerate that will continuously break the confinements of the status quo, I believe that focusing on the concept innovation instead of the technological innovation makes all the difference. Paradoxically, ‘sometimes’ for AI researchers and developers for example, data is often the least incentivized aspect, viewed as ‘operational’ relative to the lionized work of building novel models and algorithms. So that’s exactly the point where failure arises. Simply put, favoring math and technology instead of ideas, data and artistic visions brings the doom closer…
On the other side, quoting on the beginning of this article, having had a good idea only to start losing faith and start fighting with quantum leaps, Nostradamus prophesies, Doctor Manhattan in Watchmen, etc, is a reality that brings into play the term MVP. By this we mean Minimum Viable Product. Just pay attention at some resources by Kiuas Inside on making sense of MVPs:
“Many projects fail badly because they do Big Bang delivery (build the thing until 100% done and deliver at the end). I’ve lost count of the number of failed projects I’ve seen because of this. However, when Agile is presented as an alternative people sometimes balk at the idea of delivering an unfinished product – who wants half of a car?. Imagine this:
“Here sir, here’s our first iteration, a front tire. What do you think?”
Customer is like “Why the heck are you delivering a tire to me? I ordered a CAR! What am I supposed to do with this?”
(By the way, I’m using the term “customer” here as a generic term to represent people like product managers, product owners, and early adopter users).
With each delivery the product gets closer to done, but the customer is still angry because he can’t actually use the product. It’s still just a partial car.”
By creating an obvious utility, usability and an elaborate totality of an MVP, makes better sense to the fact we have to be cautious when we come up with upgrades. Many times, lack of experience, lack of self-awareness, liking to excel in running and power, technological confusions, etc, can cause pre-mature death, loss of fortune and privacy invasion as an aftermath.
Conclusively, when you turn a page in your life for a new one, you might find problems you didn’t expect. New technologies have opened up fresh possibilities for creative success but this has not erased the importance of history. On the contrary, the lessons of the past seem more relevant than ever in an age in which communications play an unprecedented role. To the point, we must never confuse social perceptions and the social internet, with the professional one. Assumptions that an everyday man knows everything about Hollywood or the infrastructure of big economic systems are past already. Which leads to why I gave this title at my post… Have a great time folks!
Photo courtesy of Entrepreneur.com picturing Walter Elias Disney at his beginnings!
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