Sounds unbelievable, isn't it?
Watch this video about a brilliant innovation story with a sustainability twist.
I think there is great learning for all entrepreneurs (social-entrepreneurs as well).
Sounds unbelievable, isn't it?
Watch this video about a brilliant innovation story with a sustainability twist.
I think there is great learning for all entrepreneurs (social-entrepreneurs as well).
I’ve recently dedicated time to developing materials aimed at aspiring and new entrepreneurs which are exploring various aspects of business design and entrepreneurship. This journey can be both exciting and daunting, and I believe it’s essential to equip oneself with the right knowledge and strategies.
Today, I want to highlight a crucial point: before launching a new business (a startup) —it’s vital to engage in specific preparatory activities (business exploration). These steps are instrumental in identifying the right business model, which is fundamental to the success of any venture.
To share my insights on this topic, I’ve created what I call the Passion to Profit Approach. I recorded a video where I distill 24 years of experience into just 22 minutes. In this video, I cover key concepts and practical strategies that can help you navigate the complexities of starting your own business. You can watch it here: https://youtu.be/v-xJIUHGeh4
If you’re interested in this subject, I encourage you to check out the video and would love to hear your thoughts! Your feedback is invaluable as it will help me to maximise my impact on turning entrepreneurs' passions into successful enterprises.
Taking critique can often be a challenging experience for many individuals, particularly when it involves personal ideas. Have you ever observed something like that? Such a person is literally feedback-proof and can treat every comment even with hostility!
Here is the bad news: under specific circumstances, any of us can face this problem. This phenomenon occurs when a person's brain begins to treat their ideas as integral parts of their self-concept. When this happens, any critique directed at these ideas can be perceived as an attack on the self, leading to defensiveness or outright rejection of the feedback.
How to avoid such a disaster? I explore the way how our brain can merge ideas and identity and to avoid it in detail in the article: Don't fall in love with your idea.
The consequences of this can be severe. For instance, consider a startup owner who is in the process of finding and testing a new business model. If they view their concept as an extension of their identity, they may become impervious to valuable critiques that could enhance their business strategy. This inability to accept feedback can be detrimental, potentially leading to a failure to adapt or pivot when necessary, which is crucial for any company's survival.
Let me know in the comment what do you think about this issue!
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