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Entrepreneurship Growth Startups

The Problem With “Failing Fast”

As an entrepreneur growing a startup, I’m constantly pushing the envelope. Always trying new things and ways to reach people and inspire them to action. In the startup world (especially tech), everyone likes to throw around the phrase “fail fast.”  Which means, find the stuff that doesn’t work as fast as possible so you can get to the stuff that does work.

The problem with this is that I’m human, with feelings.  When I come up with an idea and push it out into the world and it falls flat, it wears me down a little. When we believe in an idea and we execute on it, there’s a part of us expecting that it will work right. When it doesn’t, sometimes we have to face some harsh truths and adjust course.

After 1000 failed attempts to create a commercial incandescent light bulb, did Edison say to himself, ‘this is stupid and I’m an idiot.’ He probably felt that, but tried 1000 more times and got it right. That belief in the vision to keep going in the face of many failed attempts is some of the most difficult terrain any person will encounter.

Then there are the days where you’ve applied the lessons learned and executed to find that you’ve succeeded. If you can get through this cycle enough times, you are a superhero.

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AI Entrepreneurship Growth

The $15T Opportunity (that’s trillion)

AI (Artificial Intelligence) is set to explode over the next 5 years. After a few years of experimentation and a lot of hype, it seems we’re getting down to business.

A recent Forbes article explains how we got here and where we’re going. As an IT professional who’s been living and learning this stuff since 1989, my take is that the time is right for AI. We’re seeing new use cases every day in every field and from every type of AI application – vision, speech, images and conversation.

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Entrepreneurship For The Good Growth Social Media Startups

Must Listen: Noah Kagan Podcast

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Entrepreneurship Growth

The #1 Rule For A Profitable Business

Of the handful of millionaires that I have met as a result of business success, they all had one thing in common… Their business model was extremely “simple.”

By simple, I mean it wasn’t overly complex with lots of variations or product choices. They found maximum value (need) in the market and delivered a high quality solution.

Not only was their product elegant, their operation was efficient and organized. It’s certainly not sexy, but they printed money.

Not to say rocket science can’t be profitable, but most business owners aren’t Elon Musk.

The #1 Rule for a profitable business