I love what one of the participants said: "Something's broken that you wanna fix, or because something doesn't exist that you think should exist." Most old-school business people talk about how there MUST be a PROBLEM to solve for there to be a business! Wrong. It doesn't need to be a problem to solve in order to create a business. An opportunity in not necessarily the same thing as solving a problem.
Why does Stanford GSB block comments on so many videos? With such great content, the comments section is ripe for some great intellectual discussion.....
maybe Im upto something great, RU-vid recommends me this video. ps-its sure is lonely in the comment section, pss-its Nov.2020 and we are still living with corona virus.
Second speaker ' umm....umm...umm.ummmmmm ...ummmmmm ' she also assumes she has had more black days but she had a job for years..... the guy sat next to her had a successful business at 16.
The video never really talks about mistakes made by entrepreneurs, which is a pity, but that doesn't stop this being one of the best hour's worth of video you'll ever watch if you're a start up or considering launching one.
I love many things in this conference. I went through so many tough moments that I guess I relate easily to all these experiences. I particularly like what the guy says around 0:27 0:28, when there is nobody left around you.
27:20 "the only rational thing is to throw in the towel.Everyone around me told me that that was going to be the case.But what made me not throw in the towel was that I realized that if I threw in the towel now I will never be able to forgive myself.I will always asking myself "What if I hadn't thrown in the towel?". So I decided I am going all the way to the absolute point where there is no hope whatsoever that this is going to be successful. THEN I know for sure I've done everthing that I can"
I really enjoyed this presentation. The title is a bit of a misnomer, but the material covered was well worth the listen. It's interesting to compare the way the various panelists speak about business as compared with educators. Experience makes a difference.
@legcaybegins I'm also looking for people who have the "hunger" - we should connect. From what I have learned, an entrepreneur's network is the #1 factor in success.
I appreciated the different perceptions and experiences....This particular video opened my mind to the possibility of success even with different points of views and attributes. At the core though, remained certain aspects that seemed to be generally agreed on as necessary in the entrepreneurial process. This was Good.
worth the time listening to this one hour video, so many helpful insights that may help you, or me with some of the questions and uncertainties lingering in our minds trying to take this journey of entrepreneuship..
that's Gurbaksh Chahal. He definitely knows what he's talking about. sold first company for $40M by i thing 18 yrs old and the second he sold for $200M and running the third..
I'm like the lady with the blonde hair....I love finding the problems with companies and solving their problems, but of course I prefer to work as a consultant aka entrepreneur!
Becoming an entrepreneur is all about perceived risk. If you find that the value of the security of a guaranteed job is lower than the price differential created by the value you attribute to the firm versus the wage you receive, then you should be starting your own company. Because a company can only hire you if the value you bring to the firm is higher than the wage you receive. For some, they're okay with that. For entrepreneurs, starting a company is the only logical thing to do.
I always though that the idea was worth more than 1%. May be because ideas are all I have. It ma not be just 1% but I am willing to accept it has a low importance as I have not been able to execute any of my ideas in the last 6 years of my active struggle to go n do it for my self.
Do u know the feeling that you're searching for something, but u just dont know what it is; and if you do find it, it's gonna create a a whole new perspective in your life? Well, I JUST FOUND IT: 1% idea, 99% EXECUTION... 54:35
