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Development Path for Entrepreneurs

Development Path for Entrepreneurs

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Published by Chris Zobrist
This diagram helps illustrate the development path for entrepreneurs.
This diagram helps illustrate the development path for entrepreneurs.

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Published by: Chris Zobrist on Apr 14, 2011
Copyright:Attribution Non-commercial

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05/12/2014

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DevelopmentPathforEntrepreneurs
Start-UpSkills
HowtoStartLearnCreateExploreConnectPassionWhattoStart
LowLowHighHigh
©2011czobrist@cal.berkeley.edu
 
Start-upSkills–Howtostart
 
Canbelearned/taught
 
TheTruthaboutSuccessfulEntrepreneurs
 
DoNOTstartwithagrandvision
 
DoNOTstartbyraisingalargeamountofcapital
 
DoNOTtakeonextraordinarypersonalrisk
 
DoNOTstartbywringabusinessplan
 
DoNOTstarttheirbusinessalone
©2011czobrist@cal.berkeley.edu
 
Start-upSkills–Howtostart
 
TheTruthaboutSuccessfulEntrepreneurs:
 
Startwithsomethingtheyarepassionateabout
 
Startwithasimpleideathataddressesaspecificneedforacustomerorsegmenttheyknowwell
 
Startbytalkingwithpotenalpartnersandcustomerstodeveloptheideaandthebusinessmodel
 
Startbyfindingresourcesatnoorminimalcostfrompartners,investors,and/orcustomers
 
Startbybuildingasimpleprototypeandrapidlymodifyingtheproducttofittheircustomers’needs
©2011czobrist@cal.berkeley.edu

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Chris Zobrist added this note
Sorry, you should read the following comments from the bottom up. :)
Chris Zobrist added this note
In the best case, Work can provide opportunities for entrepreneurs to Connect, but the real driver is Connecting with people to share knowledge and develop interest and passion which leads to insight and innovation.
Chris Zobrist added this note
Therefore, when the individual spends time Connecting with other people who share a common interest or who are knowledgeable about a particular area, that is when the entrepreneur can begin to build interest/passion for something.
Chris Zobrist added this note
By contrast, a part-time hobby, for example, building social web applications, while it does not fit the formal definition of Work, may lead to great passion and insight into this field. Moreover, when the entrepreneur shares her interests with others and Connects with potential customers, partners, or investors, the entrepreneur creates opportunities to develop something that is meaningful.
Chris Zobrist added this note
For example, a very demanding job in investment banking can consume 80-90 hours per week, and if the work is not something the person particular enjoys, then it will not lead directly to the development of a particular interest or passion.
Chris Zobrist added this note
This is in response to Minh's question on Facebook. Yes, I spent quite a lot of time thinking about this before I made the change from Work to Connect. I agree Work is an important part of helping an entrepreneur figure out what they are (and, in some cases, are NOT) interested in and can be passionate about. But Work can take many forms.

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