Conceptualizing your first startup product is exciting. But actually getting that product made is a different story. In this video, I provide some practical tips on how to find a manufacturer for your startup product. For more on this topic,…
Read MoreComing up with a great retail concept is difficult. In this video, I explain the key characteristics of a successful retail business through stories from some of the most timeless retail brands. For more on this topic, check out From…
Read MorePreparing to launch your first company is exciting, but it is no easy venture. In this video, I provide vital startup advice every aspiring entrepreneur needs to hear before creating their first business. For more on this topic, check out…
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Entrepreneurs come in all shapes and sizes, from all kinds of backgrounds, and with many different types of personalities. But there are two, and only two, entrepreneurial mindsets that lead to successful business creation: what I call bedrock and high-risk entrepreneurship. Each is internally consistent, springing from a distinctive set of tightly intertwined motivations. And they are mutually exclusive, calling for dramatically different approaches to key business decisions.
LinkThe failure rate for new restaurants is high. In this video, I offer insight on why so many restaurants go out of business, and provide essential business advice for new restaurant owners. For more on this topic, check out From…
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Bestselling author Derek Lidow has long demonstrated the rare ability to operate successfully in corporate, entrepreneurial, and academic environments. He is an experienced and successful global CEO, a researcher, an innovator, and a startup coach. Today, teaching at Princeton University, he has inaugurated a campus-wide “design thinking” curriculum and works with Princeton’s aspiring entrepreneurs and their young companies.
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Many successful entrepreneurs credit much of their success to their mentors. But how does one go about finding a mentor that’s right for their business? In this video, I discuss the characteristics of a great mentor and how to find…
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Long-time CEOs looking for a second act in their business lives often tell me that they are toying with the idea of entrepreneurship but hesitate to make the leap. They worry that they’re too much the organization man or woman, not the rugged individualist of startup lore. They fear failure, which they have rarely experienced in their careers. Or they doubt their ability to keep up with the twenty-somethings they read about in breathless accounts of startup success.
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It’s the all-too-familiar tale—an entrepreneur launches a high-growth startup, takes massive risks along the way, and enjoys a big exit in a few short years.
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A strong core motivation, is always present with great entrepreneurs, but rarely with entrepreneurs who muddle through. Uncovering and understanding those deeper motives is the first step toward succeeding as an entrepreneur or discovering that you are not cut out for its punishing demands—the personal sacrifices, inevitable setbacks, relentless work, crushing time pressure, financial uncertainty, and sleepless nights faced by 99 percent of entrepreneurs. You need to know whether your motivations are strong enough to carry you through an experience that can certainly be exhilarating, but also exhausting, calling on your deepest reserves of personal strength.
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