You’ve got an idea. You’ve always got ideas.But could your idea be great enough, BIG enough, to support a new business? Of course, some amazing businesses start with accidental ideas. Velcro happened because George de Mestral bothered to examine some burrs under a microscope. Your non-stick pan works because Roy Plunkett discovered Teflon by accident while working at DuPont. Big ideas can happen without trying, but it’s a huge mistake to gamble your business on a “maybe.”
How we pay for things has changed dramatically during the last 20 years. We’ve gone from handing over cash and writing checks to swiping cards and tapping watches. At the beginning of this trend, many people couldn’t fathom how we’d move to these new-fangled cards, let alone using smartphones like a digital wallet. But this trend opened the door to new services like Stripe and Apple Pay. On top of these services, other companies have found ways to reach new customers and make the payment/service process seamless. As part of The Startup Equation we understood the power trends could wield in many future businesses. Now, it’s payments, car service, rental property, and food delivery. But what will be the next potential trend and how might you take advantage of it?
Follow your passion. Most entrepreneurs have heard this advice at least once in their lives. Sounds super simple, right? Just find that thing you love more than anything, build a business, and success will follow. There’s just one tiny problem with this advice. It completely ignores the key elements needed to start a business. Today, […]
On our recent trip to South Africa (more on that later!), Steve and I had the chance to work with some brilliant and hardworking entrepreneurs. Some already had a business, others were trying to get new ones up and running. But what we saw mirrored something Steve and I have discussed and experienced firsthand. Every […]
Entrepreneurship can be taught. But how prepared are we to teach it? As a student and an educator, I know that teaching entrepreneurship doesn’t come naturally to everyone. In fact, I know many educators who would love to bring entrepreneurship into the classroom, but they aren’t sure where to start. I want to solve that problem through The Startup Equation. Instead of asking teachers to figure out where to start, I’ve built an agile framework for the classroom that can work with students individually and in groups.