When I ran my first venture capital fund, I invested into a young entrepreneur who had great visions of being the next major high-tech player in Silicon Valley. Despite his inexperience as an entrepreneur, I…Continue
Added by Damir Perge on July 31, 2013 at 3:30pm — No Comments
During Chelsea’s soccer tour in Asia, Jose Mourinho—their coach, commonly known by his self-proclaimed nickname “The Chosen One”—was impressed with the work ethic of some of the team’s older players. He complimented John Terry, Frank Lampard and Ashley Cole for training extremely hard, even during their preseason.
Calling the old-timers “inspirational…Continue
Added by Damir Perge on July 29, 2013 at 3:00pm — No Comments
As an entrepreneur, venture capitalist and complexity scientist, I have been trying to determine what factors enable some startups to become billion dollar startups almost overnight. I have written more than 220 articles on startups and entrepreneurship over the last eight months. But if a picture is worth a thousand words, then a video is worth a…Continue
Added by Damir Perge on July 28, 2013 at 4:00pm — No Comments
In a message to his partners, Starbucks CEO Howard Schultz said, “It’s been said that the ‘the best way to create the future is to invent it,’ which is why we [Starbucks] must continue to push for innovations that reflect and support our core values.”
Being a complexity scientist, Shultz’s “inventing the future” quote triggered me to think hard…Continue
Added by Damir Perge on July 26, 2013 at 3:30pm — No Comments
When you're looking to start a new business, one of the major factors to consider is the location. That is one of the first things that you learn in business school; location can truly make or break any new business. Choosing the location that is right for you will be a key aide to the success of your business overall, including what kind of business genre yours falls under. Thus, due diligence is necessary to figure out what your business needs in order to do well.
For example, you…Continue
A small idea is enough to make a big difference. This is the information age. You don't need to have a huge bank account and you don't need a huge work force backing you in order to create something out of nothing or to be successful in general. There have been many examples throughout history that prove big…Continue
When I was younger, quickness and speed were important in my soccer game. Speed was not my forte but quickness more then compensated. I used quickness and technical skill to get around defenders. I was not the fastest athlete in a 100-yard sprint, nor even a 40-yard sprint, but the first 5, 10, 15 or even 30 yards—I owned those yards. Applying…Continue
Added by Damir Perge on July 22, 2013 at 4:00pm — No Comments
Sometimes when you try too hard, really hard, it gets you nowhere. Of course, I’ve been on the opposite side of the effort spectrum, where trying hard, really hard, gets you anywhere you want. Sometimes trying hard is a must, sometimes you get no results—and worst of all, it can yield mediocre results. I learned this entrepreneur principle from my uncle, Michael…Continue
Added by Damir Perge on July 22, 2013 at 2:00pm — No Comments
Injecting a disruptive breakthrough, an “idea shock,” into any innovation is proportional to the internal or external boundaries of the system defined. When you completely rely on domain experts, who have developed extensive knowledge of the components residing inside the box, the tendency to inject a shocking new idea that could become a game…Continue
Added by Damir Perge on July 18, 2013 at 1:00pm — No Comments
It’s common knowledge that one of the most important rules in retailing is to keep your business fresh. It’s what prevents your brand from looking tired, it’s what keeps your customers coming back time after time, and it gives your sales a fantastic boost when…Continue
While working on the launch of one startup, I recently got caught in a “feature set” hoopla, which was creating dilution of effort in the startup launch. You would think I would know better after investing into more than 25 startups and starting several myself. The problem was the my passion and vision for the startup got way ahead of what the startup…Continue
Added by Damir Perge on July 15, 2013 at 1:00am — No Comments
To put it bluntly — some of the old business theories hit it right on the money. Others are way off. But if you look closely at the predictions from the old books, that are today evolving in the right direction, you can find answers to help see the evolution of the future.
Sometimes it's good to go back to the whiteboard to figure out whether what…Continue
Added by Damir Perge on July 14, 2013 at 5:30pm — No Comments
Global connectivity is increasing exponentially. So you must compete globally—not just domestically. Reinventing the mind is critical to effectively compete in the marketplace. Your education of yesterday doesn’t work today. Education is not enough.…Continue
Added by Damir Perge on July 11, 2013 at 2:00pm — No Comments
The recombination and/or addition of words has created trillion dollar industries. And the game of triggering new ideas through indirect and direct methods will go on forever—until humanity continues to exist.
The psychology of the inspiring entrepreneur mind requires and wants to continually innovate. Open your mind to the external stimuli of all your…Continue
Added by Damir Perge on July 10, 2013 at 11:30am — No Comments
Business, like life, is about making decisions. If you look over your life from both personal and professional perspective, your inflection points of success are easily recognized. Most successful people do not give enough credit to the combination of small and big decisions made along the way that got them to the top.
Reflection, as a learning tool, can be…Continue
Added by Damir Perge on July 9, 2013 at 10:30am — No Comments
In soccer I was an instinctive player. I trusted my instinct to dribble around players—and if you asked me how I did it after the game, I couldn’t tell you. There were times where I wouldn’t even recall what I did or how I did it. When you rely on your instincts in sports or business, magic happens. Great innovators throughout history used their instincts to generate…Continue
Added by Damir Perge on July 7, 2013 at 12:30pm — No Comments
When you are in the business of being an entrepreneur, you must be disciplined enough to hunt and gather other ideas on a continual basis. The process creates a trigger effect to stimulate new ideas in your mind. You should constantly search for inspiration in both related and non-related areas.
It has been proven that ideas begat ideas.…Continue
Added by Damir Perge on July 2, 2013 at 10:00am — No Comments