Tips 1 to 500 for Innovators and Entrepreneurs
1) ... and away we go! Innovators and entrepreneurs can't just sit around and do nothing, they are always up and running: "... and away we go!" [Thank you, Jackie Gleason]
2) Skilled innovators and entrepreneurs focus on their true love. [Thank you, Kyle Cherrick]
3) Innovators and entrepreneurs don't follow scripts very well ... they make up their own lines as they go.
4) We're here, we wanna be there ... how is that going to happen? Got a plan?
5) Innovators create something new and better, entrepreneurs put that something new and better to work.
6) The Critical Success Factor: Earn a Profit Solving Customer Problems Better than the Competition! Every business venture must do this, or die. Yes, it's that critical.
7) Venture: an enterprise involving risk but with a significant reward for success ... a venture could be a business, a company, an organization, a not-for-profit enterprise, a vacation trip.
8) Venture Adventure: the process of discovering a new opportunity, defining a new venture that can capitalize on the opportunity, designing and developing the details of the new venture, and deploying the venture plan.
9) To create a new venture, product, service, process, go on a DXpedition: Discover, Define, Design, Develop, Deploy ... 1] Discover what is needed, wanted, desired ... 2] Define what is required to meet those needs, wants, and desires ... 3] Design a solution to meet the defined requirements ... 4] Develop the solution from prototype to production-ready ... 5] Deploy the solution to customers: measure the results, learn what does and doesn't work, then refine the solution to be even better.
10) Key question for our venture: What's the worst thing that could happen to us? What will we do if it does?
11) There is no right way to do the wrong thing. [Thank you, Waylon Jennings]
12) We always have a choice ... and so do our customers! Let us make the right decisions so our customers can make the right decision and choose us!
13) Everyone has their own personal vested interest ... if our business doesn’t serve their need, they won't buy in. [Thank you, Ralph Blazek]
14) Don't underestimate our competition ... some of them are geniuses!
15) Persistence pays. [Thank you, Amber Feller]
16) Character will win us respect, especially if respect is in our character.
17) Start at the end, then figure out how to get there.
18) Trust our gut ... unless it's just telling us to eat more!
19) Manage transitions ... change is inevitable!
20) A source of opportunity for innovation is new knowledge, both scientific and nonscientific. [Thank you, Peter F Drucker]
21) There are three types of people ... those with wishbones, those with funny bones, and those with backbones. [Thank you, Barbara Ann Kipfer]
22) Change can be chaotic ... it's the nature of the beast.
23) When in doubt, panic. [Thank you, George Jonas]
24) Skilled innovators and entrepreneurs are looking for opportunities in problems.
25) Beware: pseudo-investors ... big egos, little money.
26) Govern the clock, not be governed by it.
27) Crank it out ... that's what we do!
28) Everyone we know is a potential door opener to a new opportunity. [Thank you, Nelson Wang]
29) Value equals Benefits divided by Price ( V = B / P ) ... to increase Value, we can decrease our Price, we can increase our Benefits, or we can do both ... better Benefits at a lower Price is "the killer deal" for our customers!
30) Don't interfere with an employee's work ... help, but don't hinder ... it can be a fine line.
31) Don't discriminate ... it's just not right ... not because of age, sexual preference, race, religion, gender, ethnic background.
32) Customers are the stars of our show ... let's do all we can to keep them happy and shining bright.
33) Big corporations increasingly turn to small companies for new ideas ... part of our strategy should include positioning our venture to complement and collaborate with the big players in our industry ... don't be annoying like a gnat, be a purring comfort like a cat.
34) If you want to keep it a secret, keep it a secret.
35) Entrepreneurship is a mashup of many different perspectives, experiences, skills, talents.
36) How should we start tomorrow?
37) Unhappy customers are our greatest source of learning ... of course, if they're too unhappy they're not going to be customers for very long. [Thank you, Bill Gates]
38) New possible opportunity? It could be a good opportunity for our team IF we can find the resources needed to pursue it properly. If not, maybe move on?
39) Figure rarely lie; liars frequently figure. [Thank you, Dennis Kozlowski]
40) The most frequent reason for unsuccessful advertising is advertisers who are so full of their own accomplishments (the world's best seed!) that they forget to tell us why we should buy (the world's best lawn!). [Thank you, John Caples]
41) If we're not part of the solution, we're the precipitate. [Thank you, Henry J Tillman]
42) Never let our emotions take control. Stay calm and stay focused.
43) Skilled innovators and entrepreneurs are looking for problems to solve.
44) Understand why ... and why not!
45) We live in a world of unprecedented change, increasing global competitiveness, and the very real threat of commoditization ... innovation in this world is the best way to win, arguably the only way to really win ... innovation is not a separate, discrete activity but the job of everyone in a leadership position and the integral, central driving force for any business that wants to grow organically and succeed on a sustained basis. [Thank you, A G Lafley]
46) Charm: giving delight, arousing admiration. Do we have charm, or what?
47) The hardest part is getting started.
48) Radical innovation never originates with the market leader. [Thank you, Jim Utterback]
49) Failure isn't fatal ... unless we make it so.
50) Work smart ... work hard, too, and we've really got something going! [Thank you, David Bradshaw]
51) Skilled innovators and entrepreneurs are continuously curious.
52) Can we promote our venture with newspaper insert?
53) Be passionate about everything we do. If we're not passionate, why do it?
54) The truth is sometimes hard to hear. A couple of beers might help.
55) When in doubt, deduct (referring to filing income tax returns).
56) Help others on their path.
57) Always look our best.
58) Beware of zombies.
59) A potential business model: Sell and deliver service.
60) Luck has a lot to do with it ... the more we prepare, the luckier we get.
61) We can do it if we have the passion to do it ... if we don't, we won't.
62) Build-Measure-Learn (B-M-L): the process of creating a new product, service, process, or method through continual incremental change and improvement ... with B-M-L, speed is a critical ingredient to product development where a prototype product is built, tested with customer interaction, and feedback recorded and used to learn more about serving customer needs, wants, and desires ... build rapid prototypes, measure customer satisfaction, learn what does and does not work, and have successes and failures as we go ... we'll know more about what we're doing as we're doing it, instead of guessing before we do it.
63) Beachhead: focusing resources on one key area, usually a smaller market segment or product category, and winning that market first, even dominating that market, before moving into larger markets ... it's a holdover from World War II when the allies stormed Normandy, the beachhead from which they moved forward.
64) Forget a wrong, remember a kindness ... think good thoughts.
65) Something: a product, service, process, marketing position, paradigm, or combination of some or all.
66) To kill creativity, just say: "Our customers wouldn't like it ..."
67) No speech was ever too short.
68) When someone does something good, applaud ... we will make two people happy! [Thank you, Samuel Goldwyn]
69) The safe way to double our money is to fold it over once and put it in our pocket. [Thank you, Frank Hubbard]
70) Winning is a habit ... unfortunately, so is losing. [Thank you, Vince Lombardi]
71) Respond to negative feedback.
72) Limitation is the severest storm of fattery ... dieting made simple! [Thank you, James Arnold]
73) Key question for our venture: Can we show that "the dogs will eat the dog food"? ... that our prospective customers will buy our products and services?
74) Fate laughs at probabilities. [Thank you, Edward George Bulwer-Lytton]
75) Like a child plays, a genius works. [Thank you, Barbara Ann Kipfer]
76) A good business plan reads like a combination of the Wall Street Journal, a model of good business writing, and USA Today, a model of good storytelling.
77) Choose the best words.
78) Practice makes us better.
79) Successful Innovators and entrepreneurs know how to reflect. [Thank you, Patricia G Greene]
80) Technology: the application of scientific knowledge for practical purposes, especially in industry.
81) Principles don't change with circumstances ... that's what makes them principles! [Thank you, George Colombo]
82) Underestimate rather than overstate.
83) Estimate sales and revenue from several perspectives to see if they are in the same ballpark.
84) Wonder is the beginning of wisdom.
85) Lean Canvas: a version of the Business Model Canvas that focuses on addressing broad customer problems and low-development-cost solutions and delivering them to select customer segments to validate (or not) a particular value proposition.
86) Conceit is the finest armor anyone can wear. [Thank you, Jerome K Jerome]
87) A good business plan contains reasonable financial projections with key data explained and justified. [Thank you, Mike Arnold]
88) How to attract new customers: offer a pleaser teaser to buy.
89) Allow our colleagues to speak their minds and offer differing opinions. [Thank you, Scott Isaksen]
90) See what new patents are being issued to other companies in our industry ... are they relevant to what we are doing?
91) Spoken words can’t be recalled ... and emails and tweets are even worse ... they may live in the clouds forever!
92) Conquer ignorance ... stupidity is forever, but ignorance can be fixed: it's called education.
93) Clearly assess our strengths and weaknesses and opportunities and threats.
94) Create something ... something is better than nothing .
95) Heroes take risks ... often without much thought.
96) Send handwritten notes ... saying "thank you" is one of the nicest things you can do for someone.
97) Cash flow: the total amount of money being transferred into and out of a business, especially as affecting liquidity.
98) Build a loyal fan base by being better than everyone else ... customers, suppliers, employees, the competitors. [Thank you, Kyle Joubert]
99) Innovators often have good memories ... what worked before, and what didn't. Tom Edison is often quoted as saying something to effect that he didn't fail, rather he successfully found 999 ways that don't work.
100) Keep our team informed ... the bad news as well as the good.
101) How can we answer these questions: What sets us apart from all our competition? How are we different? How are we better? How are we going to stay better?
102) Can we promote our venture with branded drinking mugs?
103) Never run out of altitude, airspeed, and ideas at the same time. [Thank you, Bob Willson]
104) Opportunity evaluation checklist: Is it timely, solvable, doable, important, potentially profitable? Does it have favorable regulatory and industry context? Does it have the potential to be positioned favorably relative to the competition?
105) How can we answer this question: How was our company’s intellectual property developed? ... who owns the rights?
106) Yada, yada, yada ... there are always more details than what we first may think. [Thank you, Jerry Seinfeld]
107) We can't cut costs without making a better product. It seems counterintuitive, but it's not. [Thank you, W Edwards Deming]
108) Fame: being known because of notable achievement ... Infamous: being known because of notable failure.
109) Time: the indefinite continued progress of existence and events in the past, present, and future regarded as a whole ... Time is our most valuable asset, it cannot be replaced or redone or rewound.
110) Intellectual Property: something that is the result of creativity, such as a manuscript or a design, to which one has rights and for which one may apply for a patent, copyright,or trademark.
111) If we want to do something new, we gotta do something different! Change is difficult and often unwelcome, even for the better.
112) There is a great difference between knowing and understanding ... we can know a lot about something but not really understand it. [Thank you, Charles F Kettering]
113) Make a "preliminary" marketing brochure for a new product or service ... use that brochure to "test market" before the product or service is actually launched for real ... use feedback from prospective customers received by showing them the brochure.
114) Can we promote our venture with placards and paste-up signs?
115) We may be blessed with brilliant brains, but they're not much good unless we use them ... not just our own grey matter, but that of our colleagues as well.
116) Don't look back ... something might be gaining on us! [Thank you, Satchel Paige]
117) We have to know the ropes in order to pull the strings.
118) It’s hard to detect good luck ... it looks so much like something we've earned! [Thank you, Fred Clark]
119) Rule of Thumb: a commonly accepted truth-ism or way of doing something ... a rule of thumb may or may not be right, but it is probably a good place to start. What are the key rules of thumb for our venture?
120) Proofread, then proofread again ... and again ... an again and again ... and again. Have someone else proofread, too!
121) It takes less time to do a thing right than to explain why we did it wrong. [Thank you, Henry Wadsworth Longfellow]
122) Managers do things right ... leaders do the right things. [Thank you, Daniel McCullum]
123) Put our money where our need is. [Thank you, Madeline E Cohen]
124) It could be a good opportunity if the upside potential is significant and timely.
125) Be willing to shift ... iterate, pivot, start all over again.
126) Don't procrastinate ... (starting tomorrow, of course!)
127) Beware: tagalongs ... some folks are just there to bask in our glory without breaking a sweat to help get there in the first place.
128) It is a capital mistake to theorize before one has data. [Thank you, Sherlock Holmes]
129) We cannot undo anything that we did in the past ... all we can do is learn from it, and repeat the good and avoid the bad.
130) One fantasy can transform one million realities. [Thank you, Barbara Ann Kipfer]
131) The first rule of intelligent tinkering: “save all the pieces”. [Thank you, Aldo Leopold]
132) ASP: abbreviation for Average Selling Price
133) Embrace change ... or brace for the consequences.
134) End User: the ultimate consumer of our products and services ... the buyer might not be the end-user.
135) IPO: abbreviation for Initial Public Offering.
136) Spend some time protecting the earth ... we've only got but one to go around. Actually, Planet Earth is likely to survive most anything we throw at her ... we, however, may not.
137) Make our writing active and personal. [Thank you, Kenneth Roman]
138) When work is a pleasure, life is a joy ... when work is a duty, life is slavery! [Thank you, Maxim Gorky]
139) Experienced mentors can help innovators and entrepreneurs effectively and efficiently move their venture concept ahead ... that helps the team avoid many of the rabbit holes and booby traps that can hinder success ...
140) Insanity is doing the same thing over and over again and expecting different results. [Thank you, Albert Einstein]
141) A wise man sometimes changes his mind, but a fool never will.
142) Give ourselves an hour instead of the whole day ... get it done, now.
143) A problem is an opportunity in disguise. [Thank you, Pouria Valley]
144) Sometimes we gotta walk before we've even learned to crawl.
145) Crucial Questions (the CQ's): Who? What? Where? When? Why? How? ... (The six most powerful questions in the world!). [Thank you, Northwestern University, Journalism 101]
146) If they are selling dogs at a flea market, they are not reputable breeders. [Thank you, Sarah Mister]
147) The person with a new idea is often considered a considered a crank until the idea succeeds. [Thank you, John Goulding]
148) Haste makes waste.
149) Praise competitors ... learn from them, too ... there are times when we can cooperate with them to their advantage and to ours! [Thank you, George Matthew Adams]
150) What one sees depends on where one sits. [Thank you, James R Schlesinger]
151) People forget how fast we did a job, but they remember how well we did it ... good quality is benefit number one. [Thank you, Howard Newton]
152) Don't get caught up in the latest and greatest fads ... they, too, shall pass. . [Thank you, Sandy DeCesaro]
153) Key question for our venture: Do our marketing messages make sense? ... Check to see that all of our points are relevant and that everything is consistent with the tone and flow or our text.
154) Ensure our message has important details and facts, but that nothing deters the focus of our message.
155) Tardiness can rob us of opportunity. [Thank you, Niccolo Machiavelli]
156) The easiest thing to achieve is a misunderstanding.
157) Take responsibility, good or bad ... lavish credit on others when things go well, take it on the chin when they do not.
158) Follow the advice we've been giving others.
159) One person’s leisure is another person’s work.
160) Skilled innovators and entrepreneurs have stamina.
161) Branding mistake: lack of passion. [Thank you, Jarad Hull]
162) The ultimate inspiration is a deadline. [Thank you, Nolan Bushnell]
163) Get in low, get out high.
164) Real or Imaginary ... what should we focus on today?
165) See everything as if it were for the first time.
166) We need a buffer in the bank ... a little extra cash to hold us over on rainy days, weeks, months! Margins are good safety features.
167) Common cause of venture death: corruption ... someone on the team is taking something out the back door.
168) Just do it. [Thank you, Nike]
169) Beat them with service ... same product, customers will buy from whomever makes their buy and try experience easier.
170) Buy in bulk ... but only if we're really going to use it all ... nice if it's not perishable, too.
171) The traditional entrepreneurship process ... 1] Think of an idea ... 2] Do market research ... 3] Put together some financial projections ... 4] Put a team together ... 5] Write business plan ... 6] Find funding ... 7] Build a prototype and test it with prospective customers ... 8] Bring the product and/or service to market ... 9] Manage the business ... 10] Find an exit.
172) To kill creativity, just say: "That's been done before ..."
173) Planning is what we do before we do something so when we do it, it’s not all mixed up. [Thank you, Winnie the Pooh]
174) If we can't win the game, kick over the table. [Thank you, Nancy Hughes]
175) Key question for our venture: What have we learned from our competitors' mistakes?
176) Beware: scamming "consultants" ... are the advice givers giving good advice.
177) Critical Success Factor: the elements necessary for an innovation or entrepreneurial venture to reach fruition.
178) Successful entrepreneurs do not wait until "the Muse kisses them" and gives them a "bright idea" ... they go to work ... they do not look for the "biggie," the innovation that will "revolutionize the industry," create a "billion-dollar business" or "make one rich overnight." ... those entrepreneurs who start out with the idea that they'll make it big - and in a hurry - can be guaranteed failure. [Thank you, Peter F Drucker]
179) An old dog can still learn new tricks ... it just might take a little patience in training. [Thank you, John McCain]
180) Promote our venture with networking.
181) How to kill creativity, just say: "Their ideas don't count ..."
182) The future changes everything and everyone.
183) Ask many questions ... gather many answers before making a final decision.
184) When we come to the end of our rope, tie a knot and hang on.
185) Everybody is somebody we can learn from.
186) Big oceans are full of big sharks ... little lakes and ponds, not so much ... occasionally, there might be a Loch Ness Monster-ish critter in there, but not so common ...
187) Banish the word "cannot" from our vocabulary.
188) The worse the news, the more effort should go into communicating it. [Thank you, Andy Grove]
189) Begin with the end in mind. [Thank you, Stephen R Covey]
190) Key question for our venture: What is the critical mass for our venture? ... How much money, how many people, what resources, which customers do we absolutely need to make it a go?
191) The company of tomorrow will consist of a CEO with a cell phone. [Thank you, Tom Peters]
192) Evolution of a Business Venture ... 1] Opportunity: there is a gap in market, there is new technology; maybe, just maybe, we can do something here ... 2] Idea: clear problems, viable solutions; hmmm, there is something here ... 3] Concept: viable strategies for earning a profit solving customer problems better than the competition ... 4] Venture: viable innovation concept (product, service, process, position, method); team (innovator, entrepreneur, money manager); resources (people, places, things, time, money) ... 5] Organization: team, roles, clear strategies ... 6] Company: legal formation, pre-sales, unstable financials (raising funds) ... 7] Business: low-hanging fruit, sales, customers, stable, positive EBITDA, viable business model ... 8] Enterprise: scale, scope, markets, growth, significant EBITDA, defined task and assignments, employees ... 9] Institution: significant market share, significant industry position, re-invention, continual innovation ... 10] Tombstone: the cows have run out of milk
193) Successful teams respect each other.
194) Refine roles, risks, and rewards.
195) Don't make our employees come in on days they're normally not scheduled to work or call them while they're on vacation ... Give 'em a break ... they deserve it. [Thank you, InsideCRM]
196) Needs, wants, desires ... the types of problems our customers have that we need to solve, ranging from painful needs to pleasurable desires.
197) Courage is what it takes to stand up and speak ... courage is also what it takes to sit down and listen. [Thank you, Winston Churchill]
198) Design for the world. [Thank you, Sue Factor]
199) COGS: abbreviation for Cost of Good Sold, the cost of the components and labor required to produce a product.
200) Most every problem has multiple solutions.
201) Either or ... when we have a list of things that need to be prioritized, put the items in order by picking one or the other, then move down the list until all are sorted.
202) The key to good research is to keep it simple ... focus on measuring one or two variables at a time to keep things manageable. [Thank you, Jenn Kim]
203) Promote our venture with tchotchkes, baubles, and beads?
204) To make a great presentation, make pictures and diagrams easy to see. [Thank you, Ian McKenzie]
205) Imagination is a good servant but a bad master.
206) Should and can we sell our products wholesale?
207) Make others feel good, and we will feel good, too.
208) There is a solution to every problem ... the difficulty is finding it. [Thank you, Ewie Nef]
209) Look at the bright side of things, even if we have to use a flashlight for illumination.
210) Write our own ending. Now make it happen.
211) One way to get high blood pressure is to go mountain climbing over molehills. [Thank you, Earl Wilson]
212) Fear kills growth. [Thank you, Gary Vee]
213) Successful innovators and entrepreneurs have tenacity, and determination, too
214) Google was not the first search engine ... they weren't first so they had to be better!
215) Imagination or Intuition ... what should we focus on today?
216) There’s no crying in baseball ... there is a lot of crying in entrepreneurship ... it's how we keep going that will make us great. [Thank you, Tom Hanks]
217) Offer direction instead of issuing orders.
218) Without customers, we don't have a business ... we have but a hobby! [Thank you, Don Peppers]
219) There is no right way to do wrong.
220) Don't act like a dumb idiot ... at least not in public. Do what we want in private. [Thank you, J Browning]
221) Version 1.0 (one point oh) is the first out-the-door product that we're selling to any and all customers. It comes after our alpha and beta versions. Keep in mind it wasn't until version 3.2 that Microsoft Windows really took off.
222) Iterative, not linear.
223) Anyone can say they are an investor ... doesn't mean they really are!
224) A potential business model: Transportation of people or products. [Thank you, Uber and Lyft]
225) Life is one experiment after another ... some work, some don't.
226) First listen, then ask questions: repeat six times before talking.
227) Key question for our venture: Is our name itself confusing?
228) There’s always a reason to smile. [Thank you, Bob Parsons]
229) Make sure everything is polished ... shiny, sparkling, looking like new, and ready to make a great impression on our customers!
230) Eighty percent of success is showing up. [Thank you, Woody Allen]
231) Innovation is essential for achieving competitive advantage in today's high pressure business environment ... too few companies have successfully integrated systematic innovation into their operating methods and practices ... it is often too easy to become internally focused, losing site of key sources for inspiration and customer needs in changing marketplaces thus stifling creativity and long-term growth. [Thank you, MIT]
232) We cannot become what we need to be by remaining what we are. [Thank you, Max de Pree]
233) Job or Career ... what should we focus on today?
234) Common Mistake: underestimating the time to make a sale.
235) The source is often more important than the story.
236) Promote our venture with sponsorship of charitable events sponsorships?
237) Champions are made from something they have deep inside them ... a desire, a dream, a vision. [Thank you, Muhammad Ali]
238) Believing is seeing. [Thank you, Naomi Klein]
239) Our attitude changes our reality.
240) A new venture may be feasible if creating a solution is sustainable.
241) Copy successful business models. What worked, do. What didn't, don't.
242) Handle numbers consistently and coherently ... it's easier to understand $73 million than $73000000 or even $73,000,000.
243) Perhaps no one's lives depend on what we do ... but their livelihood might, so it's important that we do a good job. [Thank you, Ian Lurie]
244) We can and should discover new things every day.
245) Viral marketing is the ability to create entertaining or informative messages that are passed along in an exponential fashion, often electronically or by e-mail. [Thank you, Andrew Corbett]
246) We cannot resist an idea whose time has come. [Thank you, Victor Hugo]
247) Never was anything great achieved without danger. [Thank you, Niccolo Machiavelli]
248) Move first, more fast ... if we're not first, we must be better. If we are first, we need to remember that it won’t last ... we still need to be better ... move first, move fast ... move second, move faster.
249) Research: the systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.
250) Common bootstrapping strategy: don't give up the day job!
251) There is no time like the present. [Thank you, Tyler Johanson]
252) How can we answer this question: How will this venture grow, and over what time period?
253) We gotta polish it if we want it to shine! [Thank you, Len Goodman]
254) The number of members on the board of directors should be odd ... no tie votes.
255) Buy low and sell high ... the basics of every good business model ... the value from the business lies in the "and" in between!
256) Don't assume it will get done, do it.
257) Summertime and the living is easy ... wintertime and we've got to keep the firing going.
258) The biggest competition is the status-quo. Change is often slow to happen.
259) Success is 99 percent failure. [Thank you, Soichiro Honda]
260) Beware of the Ides of March ... it can be a killer day ... depending on our venture, some days are just naturally good for business, others not ... are we ready for either or both?
261) Act constructively. [Thank you, Warren Donian]
262) The prime purpose of eloquence is to keep our customers listening to us instead of our competition. [Thank you, Louis Vermeil]
263) Application: putting something into operation.
264) Key question for our venture: What milestones will the financing get our venture to?
265) Bury “can't” and we'll find “can”.
266) If it was easy to succeed, everyone would do it.
267) In truth lies beauty.
268) Always have a margin of safety, in case something goes wrong ... and it will! [Thank you, Warren Buffett]
269) The key to failure is trying to please everyone.
270) Improvement requires change.
271) The best judge of an argument is time. [Thank you, Barbara Ann Kipfer]
272) Key question for our venture: Is our name pleasant to see?
273) People will forget what we said, people will forget what we did, but people will never forget how we made them feel. [Thank you, Maya Angelou]
274) Learn from mistakes, ours and others.
275) Light travels faster than sound ... this is why some people appear bright until we hear them speak!
276) Lose a small fish to catch a big one. Or, catch a bunch of small ones instead?
277) Nothing is ever lost by courtesy ... it is the cheapest of pleasures, costs nothing, and conveys much. [Thank you, Erastus Wiman]
278) Move our venture forward, from dream to concept to reality.
279) Recognize the difference between the big and small.
280) Sometimes apparent failures lead to great successes ... the glue didn't stick very well, but worked great on the back of the 3M Post-it Note. [Thank you, Spencer Silver]
281) There are always obstacles and competitors ... there is never an open road, except the wide road that leads to failure ... every great success has always been achieved by fight ... every winner has scars ... those who succeed are the efficient few ... they are the few who have the ambition and willpower to develop themselves. [Thank you, Herbert N Casson]
282) Be impeccable with our words ... if we can't say something good, don't say something at all.
283) Strength comes from commitment. Make commitment one of our strengths.
284) Skilled innovators and entrepreneurs are willing to question norms and assumptions. Just because it's been done that way doesn't mean it has to be done that way.
285) Key question for our venture: What traction has our venture generated? How can this traction be accelerated? What has been the principal reasons for this traction?
286) Use beta tests to gather primary research data.
287) A leopard cannot change its spots, at least not without a can of spray paint.
288) The window of opportunity won't stay open forever.
289) Can we promote our venture with seminars?
290) Anything worth having is worth working for.
291) Skill or Luck ... what should we focus on today?
292) Take one day at a time ... tomorrow is another day. (Thank you, Scarlett O'Hara)
293) Take hands out of pockets when making a presentation.
294) If we're going through hell, keep going. [Thank you, Winston Churchill]
295) Lean and mean, Gene! Keep our profit-generating machine clean! [Thank you, Gene Tobey]
296) Treat our customers like guests. [Thank you, Walt Disney]
297) Mental Error: "We'll capture 50% of the market in no time at all!" ... If our market size is two and one of them is mom, maybe. But if we're a normal venture, it's going to take some time. Further, a 50% market share is phenomenal for most any business!
298) Common bootstrapping strategy: be frugal.
299) Love to learn, learn to live, live to love, and so forth ... keep iterating!
300) Learn every step of the way ... keep in step with learning.
301) The most important single central fact about a free market is that no exchange takes place unless both parties benefit. [Thank you, Milton Friedman]
302) Skilled innovators and entrepreneurs are aware of the world around them, and the changes taking place every day.
303) Don't just be credible, be incredible ... and never be uncredible!
304) Create a PR campaign for our new product concept ... if after creating the campaign, the product concept still looks good, do it!
305) Key question for our venture: What are our unit economics? What does it cost to make one?
306) Think things through, then follow through. [Thank you, Eddie Rickenbacker]
307) Pursue opportunities with discipline, not emotion. [Thank you, Cooper Kowalski]
308) Change is inevitable ... it will happen again ... always has, always will.
309) Find problems, fix them.
310) Opportunity knocks, but sometimes not very hard or loud. Pay attention!
311) Many hands make light work ... teamwork is terrific!
312) If people listened to themselves more often, they'd talk less.
313) Be brief.
314) Each mind has its own method. [Thank you, Oleh Fostiak]
315) Skilled innovators and entrepreneurs are able to use wide categories and images to see things through.
316) Use social media to get the word out about our venture.
317) How can we answer this question: How will our venture earn a profit?
318) The C’s of entrepreneurial passion: challenge, creativity, control, cash, and celebrity ... the five reasons someone chooses to go out and do something!
319) Thinking is the hardest work of all, and that’s why so few of us do it. [Thank you, Henry Ford]
320) To kill creativity, just say: "It's not your job ..."
321) A good business plan provides a clear explanation of what the investor will get for their investment. [Thank you, Arizona State University Colleagues]
322) Mind our image online ... once it's on the internet, it's almost impossible to retract or retread.
323) There are no patent police ... we're on our own to go after suspected patent infringement.
324) Our brand is our promise to our customers that they will have a consistent experience ... preferably a great experience!
325) Failing to prepare is preparing to fail. [Thank you, John Wooden]
326) Outsource when possible ... focus on our core competencies.
327) Mentoring is a brain to pick, an ear to listen, and a push in the right direction. [Thank you, John C Crosby via Carol Shaughnessy-Quinn]
328) Eighty percent of the work is done by twenty percent of the staff.
329) Skilled innovators and entrepreneurs are have good communicative ability.
330) Build products that are already in demand. That's why it's good to take a look at the competition and see what is (and isn't) working for them. Can we do what they do only much better?
331) Nothing is so contagious as an example. [Thank you, François de la Rochefoucauld]
332) Innovation is art and science ... the art of seeing things that aren't there, the science of creating them.
333) Nothing succeeds like the appearance of success. [Thank you, Christopher Lasch]
334) We are responsible for our own happiness.
335) Brands require constant attention ... staying fresh and relevant in the marketplace takes work! [Thank you, Leslie Bromberg]
336) Seeking to please others is perilous ... but that is what we must do. Our customers are waiting.
337) Develop multiple paths to success, but be careful about trying to walk down them all at once!
338) Decide whether we're having a creative meeting to generate ideas, or an analytical meeting to make decisions ... don't try to do both in the same meeting ... we'll all go crazy!
339) TRIM: Team, Resources, Idea, Market ... a basic outline for a business venture.
340) Excellence is our goal, understanding is our foundation. [Thank you, Lew Sorensen]
341) When writing a business plan, avoid gimmicks ... serious investors want facts, not hype ... they may eat the chocolate rose that accompanies the business plan for our new florist shop, but it won't make them any more interested in investing in the venture. [Thank you, Kaye Vivian]
342) We don't learn anything the second time we're kicked by a mule.
343) Have an customer champion inside our venture ... that person looks at everything we do from a customer perspective so we can nip bad policies in the bud ...
344) Old habits die hard ... getting customers to try something new is not something easy to do.
345) Skilled innovators and entrepreneurs are able to cope well with novelty.
346) No reward, no risk. Some reward, some risk? Balance the two.
347) Low investment, low return ... only low investment with a (potentially) high return is a lottery ticket, but the risks are (truly) insurmountable!
348) Me or Thee ... what should we focus on today?
349) Some 3 million new business ventures are launched each year in the US ... many more worldwide, of course!
350) Board of Directors: a group of persons chosen to govern the affairs of a corporation or other organization or institution.
351) If we think we're paying too little for our tattoos, there’s probably a reason and it's probably not good.
352) Imagination trumps intelligence.
353) With grace, ambidexterity, fitness, and poise ... how to stand in front of an audience.
354) Encourage purposeful evolution. [Thank you, S A Buckler]
355) When things go wrong, don't go with them. [Thank you, Elvis Presley]
356) Key question for our venture: Can we list 100 potential customers for the products and services we offer in our venture ... If not, why not?
357) Different strokes for different folks ... tailor our marketing messages to market segment niches.
358) The only thing we know for certain about the future is that it’s going to be different. [Thank you, Peter F Drucker]
359) Distance often allows us to see things more clearly than when we're standing right in the middle.
360) We don’t know until we try.
361) It is difficult to believe that someone can differ from us and be right. [Thank you, Bob Swelgin]
362) The most important person in the room is the one who knows what to do next. [Thank you, James Webb]
363) Be guided by our vision and mission. That's what they're there for.
364) People act differently in a crowd than when they are alone ... groupthink usually rules.
365) Appeal to their emotions ... subjective benefits are often ranked higher than objective benefits.
366) Price is a strategy, be it high or be it low or be it right inbetween.
367) An expert is a person who has made all the mistakes that can be made in a very narrow field. [Thank you, Niels Bohr]
368) Everyone is a fool for at least five minutes every day ... wisdom comes from not exceeding the limit! [Thank you, Elbert Hubbard]
369) If it weren't for the last minute, a lot of things wouldn't get done. [Thank you, Michael Traylor]
370) Deploy: bring into effective action ... our plan's not much good unless it's deployed, eh?
371) Acquisition: an asset or object bought or obtained ... Sometimes big companies buy little companies because they want what they got! But big companies also buy little companies because they want what the little company's got gone!
372) Stage: a particular point in a process.
373) Probability: the likelihood of something happening ... rarely is something 100% certain to happen or 0% certain not to happen ... what are the real odds we're dealing with?
374) Get the details right ... the devil is in there!
375) Chance favors the prepared. [Thank you, Louis Pasteur]
376) Home Run or Touchdown ... what game are we playing today?
377) Suppose we promote our venture with grocery store cart signs?
378) Passion: an intense desire or enthusiasm for something. Innovators and entrepreneurs need passion to survive.
379) Under-promise, over-deliver.
380) Keep away from people who try to belittle your ambitions ... small people always do that, but the really great make us feel that we can become great, too. [Thank you, Samuel Clemens]
381) Imagination rules the world ... imagine a world without rules?
382) In God we trust, all others bring data!
383) Software: the programs and other operating information used by a computer ... sometimes, software is used to describe the variable content of something. For example, a music player needs "software" (the music) to be of any value to the user.
384) All creative endeavor begins with just fooling around, not doing much of anything, just noodling and letting the different parts of our mind talk to each other ... science and art and invention spring forth when we do the unexpected and so coax our brains into letting some imaginative combinations of ideas and concepts jangle together. [Thank you, Cory Doctorow]
385) Be stubborn about our vision but flexible with our plan. [Thank you, John C Maxwell]
386) When in over our heads, grab a life preserver and be careful not to swallow.
387) I didn't fail, I just found 1,000 ways that don't work. [Thank you, Thomas A Edison]
388) Programming today is a race between software engineers striving to build bigger and better idiot-proof programs, and the Universe trying to produce bigger and better idiots ... so far, the Universe is winning. [Thank you, Rick Cook]
389) Obstacles are what we see when we take our eyes off our goals.
390) Skilled innovators and entrepreneurs are alert to gaps in their knowledge.
391) The person who says they are willing to meet us halfway is usually a poor judge of distance. [Thank you, Laurence J Peter]
392) Possible but not probable, possible but not plausible. So, what is it?
393) Skilled innovators and entrepreneurs are able to think metaphorically.
394) Dare to take calculated risks in order to bring innovative ideas to fruition. [Thank you, Walt Disney]
395) Innovators and entrepreneurs are agents of change ... can't have one without the other!
396) Relax ... don't let our emotions get in the way of progress.
397) Every millisecond counts. [Thank you, Sue Factor]
398) To create a new product, apply SCAMPER to an old one ... SCAMPER: Substitute; Combine; Adapt; Modify, minimize, magnify; Put to another use; Eliminate, elaborate; Rearrange, reverse. [Thank you, Bob Eberle]
399) Do our best ... why would we do any less?
400) Making a great presentation: Use color carefully. [Thank you, Ian McKenzie]
401) Any jackass can kick a barn door down, but it takes a skilled carpenter to build one.
402) Push in just one direction, not in two. [Thank you, Rita Levi-Montalcini]
403) A good business plan is plausible throughout. [Thank you, BottleKnows]
404) People always pay too much attention to things that are easy to quantify ... money vs happiness, blood pressure vs fitness, grades vs competency.
405) Courage is not the absence of fear but the ability to carry on with dignity in spite of it. [Thank you, Scott Turow]
406) Buy quality ... sell value.
407) It is the supreme art of the teacher to awaken the joy of creative expression and knowledge in the student. [Thank you, Albert Einstein]
408) Keep an eye on what we want to happen.
409) Promote our venture with telemarketing.
410) Key question: Is our venture, business, or product name limiting? Apple Computer worked fine in the beginning, but eventually they became just Apple as the company scaled and scoped.
411) Types of customer segments ... mass market, niche market, segmented market, diversified market, multi-sided market.
412) Insight and knowledge produce enlightenment. [Thank you, Barbara Ann Kipfer]
413) Capitalization Table: a capitalization table (Cap Table) lists who owns what in a startup ... it calculates how the option pool shuffle and the seed debt lower the Series A share price.
414) Never throw away an idea. [Thank you, 3M]
415) She has half the deed done, who has made a beginning. [Thank you, Horace]
416) Successful teams are doers, movers, and shakers.
417) Improve and update our current products.
418) Necessity is the mother of innovation.
419) Skilled innovators and entrepreneurs are intelligent and put their smarts to work.
420) Half of the prospects that contact us are going to buy, if not from us from someone else ... if we can sell half the contacts we get, we're doing great ... if we only sell one in ten, ninety percent of our potential customers went somewhere else! [Thank you, Mike Rymsza]
421) Time waits for no one ... time wasted cannot be recovered.
422) Invest in solid technology ... leave the flim-flam to our competition.
423) Entrepreneurs have a knack for turning the commonplace into the unique and unexpected. [Thank you, D G Mitton]
424) An innovation is [simply] something new and better ... while "innovation" may have a revolutionary reputation, it has an evolutionary reality ... get there step by step, inch by inch ...
425) Appreciate the questions as much as the answers. [Thank you, University of Wisconsin - Parkside teachers]
426) The number one factor that contributed to our success at Google is luck ... we followed our hearts, and worked on search because it was useful and an interesting problem. [Thank you, Sergey Brin]
427) Carefully craft our story ... make sure our customers "get it".
428) Common cause of venture death: poor products and/or services.
429) Public Relations: the professional maintenance of a favorable public image by a company or other organization or a famous person.
430) Promote our venture with news releases.
431) Support, empower, and reward employees. [Thank you, Walt Disney]
432) Acknowledge a gift, no matter how small. [Thank you, Barbara Ann Kipfer]
433) Borrowing money often costs too much ... do we really need it? ... will we use it wisely?
434) Don't hope, pray, or wish for success ... we've got to get out there and make it happen.
435) Nothing is so amusingly arrogant as someone who has just discovered an old idea and thinks it is their own. [Thank you, Sidney J Harris]
436) Less than one-tenth of one percent of all start-ups receive VC money, accounting for less than 2 percent of all small business financing.
437) The harder it is to do something, the better we'll feel after doing it. [Thank you, Marguerite de Angeli]
438) Replace an empty mind with an open one.
439) Our time will come ... we need to be ready when it does.
440) Resources: a stock or supply of money, materials, facilities, staff, time, and other assets that can be drawn on by an organization in order to function effectively.
441) Key question for our venture: Do we know what to put in our business plan, and why?
442) Oh, the creatures of habit ... same way every day ... but, not all habits are bad: consciously build good habits so we continue to do them without a second thought.
443) B2B: abbreviation for a Business-to-Business relationship.
444) Every industry has a rock star or two ... how can that be us?
445) A potential business model: Provide labor resources to other business ventures.
446) Entertain our fears ... get them totally blitzed, then cut off their heads with a sharp knife and get on with life.
447) Skilled innovators and entrepreneurs have wide and varied interests.
448) We are prisoners of our own experience ... we don't know what we don't know!
449) Product Development Triangle: the relationship between the Customer Needs, Wants, Desires; the Fit, Form, Functions, Features of our product; and the Product Value Goals we set for developing our new product, service, process, or method/
450) Customers rely on our dependability, and depend on our reliability.
451) Creativity is a critical skill for innovators and entrepreneurs. [Thank you, P G Greene]
452) How to change our financial bottom line: change our pricing policies. How do our prices compare to our competition? Are they reasonable and fair?
453) Give or Grovel ... what should we focus on today?
454) Entrepreneurship is putting innovation to work.
455) Give credit when and where it's due.
456) Successful entrepreneurs have an ability to manage ongoing business operations ... but if they don't, they find someone who does! [Thank you, Lynda Applegate]
457) Whatever is worth doing at all is worth doing well. [Thank you, Philip Dormer Stanhope]
458) We're no good dead ... we need to be healthy if we're going to continue to serve our customers in new and better ways! [Thank you, Tom Brown]
459) The entrepreneurial process is not linear. [Thank you, Kathleen Allen]
460) Be personal, direct, and natural.
461) I believe there are numerous potential trim-tabbers in every organization who can lead and spread their influence no matter what position they hold ... they can move themselves and their team or department in such a way that it positively affects the entire organization. . [Thank you, Stephen R Covey]
462) When there is less to see, our customer looks more carefully. [Thank you, Anne Marie Russell]
463) There is a price for rewards ... no such thing as a freebie!
464) Types of barriers to competition: investment requirements of a venture; well-established brand; market saturation; economies of scale; customer loyalty; low-ball pricing; intellectual property; government regulation.
465) The less we speak, the more we will hear. [Thank you, Alexander Solzhenitsyn]
466) Much of what ultimately becomes an innovative product, service, or process is due to the hard work that goes into working out glitches and false starts along the way ... innovation takes discipline, a fact many folks overlook when they consider innovation as representing only the next "big idea". [Thank you, Dee McCrorey]
467) Don't wait for others to do it ... it's up to us to get it done.
468) Show, don't just tell ... demonstrate to prospective customers how our products work!
469) Rise above the little things ... that'll keep us busy all day.
470) We will be taxed ... and then taxed some more!
471) Business Plan: a formal statement of a set of business goals, the reasons they are believed attainable, the proposal for reaching those goals, and information about the organization or team attempting to reach those goals.
472) Empower our team ... let's go!
473) When memories exceed dreams, the end is near ... the hallmark of a truly successful organization is the willingness to abandon what made it successful and start fresh. . [Thank you, Michael Hammer]
474) Get out of the office every day ... talk to customers, feel what they feel.
475) Tip for creating a good venture plan: Fairly and logically size up the competition.
476) Corporate entrepreneur credo: Do any job needed to make the project work, regardless of job description. [Thank you, Gifford Pinchot III]
477) Us or Them ... what should we focus on today?
478) We have two ears and one mouth ... use them in the same proportion!
479) Successful teams are honest and direct with each other.
480) We manage things, we lead people. [Thank you, Grace Hopper]
481) Risk and Reward ... no risk, no reward.
482) The more people that participate, the more accurate the survey.
483) Learn faster than our competition ... that may be the only way to stay ahead.
484) Assume the competition is smarter than us ... learn from them ... see what they do that is so smart ... then we can do it smarter and better than them.
485) Resolve interpersonal conflicts as quickly as possible or they may escalate to the point where they are destructive. [Thank you, Andrew Corbett]
486) She has the attention span of a gnat ... his is less. So how are we going to sell our story to them in the time we have?
487) Subjective benefits ... the customer determines priority.
488) To kill creativity, just say: "Well, maybe next week ..."
489) Look the part ... if we want to be successful, let us look the part to start.
490) Dip our toes in the water before jumping in the ocean. [Thank you, Nelson Wang]
491) Slow down ... that person looks at everything we do from a customer perspective so we can nip bad policies in the bud.
492) Find a better solution for the problem, better than our competition.
493) Pitch: clearly, succinctly, and concisely describing a product or service or venture to others with a goal of enticing them to learn more about what we speak.
494) Common cause of venture death: an inferior business model.
495) Take a walk, and talk ... beats sitting behind a desk all day! A little change of scenery, a little exercise can stimulate some new thinking. [Thank you, Nelson Wang]
496) Marketing is not a battle of products, it's a battle of perceptions.
497) Common cause of venture death: disharmony with investors.
498) Skilled innovators and entrepreneurs are able to organize and prioritize.
499) Breakfast or Lunch or Dinner ... which one do we want to serve to our customers, and why?
500) Pay close attention to details. [Thank you, Walt Disney]