Posts Tagged ‘entrepreneurship’

Like Peas and Carrots – Entrepreneurship and Gratitude

Sunday, August 12th, 2012

I am in the process of launching a new venture with some terrific partners.  I say I am in the process, because we aren’t having a seminal event to launch.  What we’re doing is getting our act together (legal, accounting, messaging, targeting, etc.), and we’re testing the waters (and developing our business) through our network.

That word network has all sorts of negative connotations, so I like to refer to it as connections, friends, colleagues, and trusted advisors.  It seems that new ventures conjures up kids right out of college, but the Kauffman Foundation research shows that Americans between the ages of 55 and 64 in the last 15 years had the highest rate of entrepreneurial activity of any age group.

A lot of wanna-be entrepreneurs are waiting for the brilliant-idea-epiphany (like Instagram), but that’s like wishing to win the lottery.  We believe what University of Chicago economist David Galenson has found: experimental geniuses, reach their peak slowly though trial and error, gathering information, and testing assumptions to realize their full potential.  We certainly don’t believe we’re geniuses, but it’s good to know some things get better with age!

I can’t imagine creating the venture we are without having a myriad of life experiences (aka successes and failures), and a network of trusted advisors.  I say trusted, because trust is the key characteristic of the people in our network.  I always thought of entrepreneurship as a lonely endeavor, but I am finding a richness in the friends we have that are willing to help.  They’re just plain gracious, and for all the help and support we’re receiving, I am extremely grateful.

Leadership & Entrepreneurship in Ireland – Day Eleven

Monday, June 25th, 2012

The teams are back to work today, and we received terrific feedback from the Wavebob CEO on the work of the Dublin Team!  I will be with the Belfast Team tomorrow when they present their final findings and recommendation to the Maildistiller CEO.

The students and I were discussing how failure is viewed culturally here in Ireland.  I am not sure if what we’ve heard is widespread opinion or not, but whereas in America entrepreneurship is looked at quite nobly, and failure is viewed as a learning event, failure here seems to be considered more a permanent black mark.  We’ll have to speak with more people to see if that’s a majority perspective, and whether it’s changing as Enterprise Ireland and others are encouraging young people to venture out.

A good friend here often says, “Life ain’t a dress rehearsal,” and in the pub tonight, another fellow said, “You only get one lap around.”  Those sentiments aren’t consistent with a culture that doesn’t accept risk and failure.  There is great pride here in the industrial history, technical savvy, and innovation that make Ireland’s labor highly desirable.  I still see large gaps in the “commercialization” side of things, and in the understanding of how strategic branding can be an extremely powerful competence.  I believe more strongly than ever that Colorado is well positioned to leverage the unique strengths of the Irish professional due to complementary skills, similar values with regard to self-reliance, and a common sense of pride and work ethic.

There’s much more to be said about the ever-changing political climate here, but to get it right, one needs more space than a blog posting to insure that nothing is taken out of context or misconstrued.  Interesting times here in Ireland, and the Queen’s visit over the next few days should provide to be historic, and enlightening as to what it will say about where things are, and where they’re headed.  I ran 5 miles this morning in Derry, which included crossing the Peace Bridge.  The bridge represents much more than a passage over the River Foyle, it’s a bridge that would have been impossible to cross even if it had existed just a few years ago.

What’s Your Number?

Saturday, March 31st, 2012

Bryan Bungee Jumping!

No – I am not talking about dating or the money you need to retire.  The other day I heard a radio program celebrating their three-thousandth show.  The two deejays have been working together for fifteen years, and I wondered how many shows they would end up doing all together in total.  That is, there is a number at which they will no longer do another show – fini, terminado…

It got me thinking that there are all sorts of activities we do that seem like they’ll go on forever.  A daily run, coaching sessions with employees, strategic planning meetings, etc.  Somewhere in our future, there is a number for all these activities that will be final.  That got me thinking about a fellow in Belfast I’ve had the privilege of getting to know, and first mentioned him in a post I wrote last year.  Bryan Keating is a very distinguished and accomplished gentlemen and he had three mantras that really stuck with me:

  1. The dynamics of enterprise always throws up uncertainties and ambiguities.
  2. Take action sooner rather than later.

And my favorite:

3.  Life is not a dress rehearsal.

I don’t know about you, but I am stepping away from this computer, because I have stuff to do – mostly things that people told me couldn’t be done!