Wherever there is friction, there lies an opportunity to build a billion dollar startup. When you want to generate new ideas for your business or ideate new startup concepts, you can trigger the innovation within your entrepreneur mind by letting your environment inspire you. The concept of friction is one such powerful trigger mechanism. …Continue
Added by Damir Perge on May 15, 2014 at 5:30pm — No Comments
Right now, research suggests that there are over 4.5 million small businesses in the UK, and by ‘small’ we mean those employing between 1 and 10 people. To put it another way, there are a lot of people running their own businesses.
It's one thing to tell people how great your business is, but for people to listen you need other people to…Continue
Added by Craig Smith on August 12, 2013 at 7:30am — No Comments
When you take a course in thermodynamics, one of the first things you learn is the concept of ideal state. Ideal state is when you make certain assumptions, regarding an energy model, as the ideal conditions for reference. I'm not giving a thermo lesson today because I'd rather talk about the greatest startup fantasy of all—the ideal fantasy of…Continue
Our world is a complex system with trillions of interactions playing out every day between all members of the planet. However, you can simplify this non-linear system by thinking everything in terms of either positive or negative energy.
Whether your mind thinks in a positive or negative direction at any given moment is up to you. You get to choose the…Continue
Added by Damir Perge on June 4, 2014 at 12:30pm — No Comments
“Hey, Damir, can you help me raise the capital for my cool startup,” I am often asked. Because of my venture capital background, entrepreneurs either ask to me to invest and/or help raise their next round of capital for their startups or growing businesses. Most startup entrepreneurs don’t fully understanding the framework, processes,…Continue
Added by Damir Perge on August 2, 2013 at 1:30pm — No Comments
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 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
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