Opening comments and brief:
- “Out of all the professions out there…entrepreneurs are the only one really doing it.“Relevant article: Will Dropouts Save America?
” Yet our current classrooms, geared toward tests on narrowly defined academic subjects, stifle creativity. …
If a young person happens to retain enough creative spirit to start a business upon graduation, she does so in spite of her schooling, not because of it…Relevant article: Get rejected on a daily basis.
“1. If you aren’t getting rejected on a daily basis, your goals aren’t ambitious enough…4. Predicting the future of the Internet is easy: anything it hasn’t yet dramatically transformed, it will.”
- “They are not here to tell you about the glories of entrepreneurship
- “Try to imagine: Apple believe 140 million PCs were the peak maxima.
Last year: 1 billion sold.”Wow.
- Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t. Vidal Sassoon
- Risk taking gene, symbol of bravery: daring to do what people don’t <=> Risk reward Sisyphean solution <=> Pausch’s brick walls.
- “Cashflow is King.” We spent an entire week on Cash is King in the TR/Entre module.
- Enthusiasm is the most important thing.
“I don’t think you should have to do something unless you’re enthusiastic about it.” See also the “Hell Yeah corrollary.”
- This guy sounds like he could pitch a baseball team out of the stadium. Energetic.
- “Know yourself”.
“Cunning>Shrewd>Savvy>Smart.” IF you don’t have the cunning, its difficult.
- Is it Ironic that I’m taking down the guidelines for ‘The Business Machine’
Idea -> Structure -> Funding ->QA/Market Research -> Energy Management to drive the outcome -> Execute on all aspects ==>Repetitive scalable basis => Exit
- Argh, the importance of a scalable business.
- “The Paralysis of Knowledge” <=> the importance of decision making, despite ignorance. You will make mistakes.
- Leadership styles: individuals differ; know self; know how to work.
- The importance of market research and competition over enthusiasm
- “Continuous partial attention”
- Early team qualites: hunger, complementation, risk takers, network.
- Looks like his experiences with the branding/marketing industry really set this all up.
- Nobody does it because people don’t believe there’s money in it. And frankly I still don’t think there is money in it. But clearly he’s doing it for the passion, “to tell the Singapore sports story”.
Edit: Runs a shrewd business; don’t think he actually hires anybody, but gets volunteers, which is not a terrible way to work. User produced content, indeed.
- Is he perhaps pandering to the young crowd? Might be able to sell his readership this way
- I’ve listened to his entire oration, and I still don’t actually know what company he’s pitching about.
- Then again, having checked out the Raffles Place Ghost gimmick all those years ago, I didn’t really get what he was on about then also.
- He seems to have, once he’s gotten the company up and running, decided to pursue what he really wanted to do anyway;
- Not sure how this 10% of spare time devoted to personal projects is feasible – certainly not in banks or whatho – but I’m pretty sure he’s just quantifying the slacking I believe every employee ends up doing at work anyway, and giving them the “you know what – ‘s coo, you can do it, I know you really feel for it and want to.”
- Frankly an incredibly nice chap; how come he’s a businessman?
Argh, that would’ve been a nice job offer to have.