Startup Commons

  • Startup Commons
    • About Us
    • Our Team
    • Our Customers
    • Services And Pricing
    • Our Business Model
    • Our Digital Solutions
    • Our History
    • Contact Us
    • Partner With Us
    • Request For Speakers
    • Job Opportunities
    • International Internships
  • Business Creators
    • About Business Creators
    • Creating Businesses
    • What Is A Startup
    • Startup Development Phases
    • Growth Academy Elearning Platform
    • Founders Shareholders' Agreement and Team Building Online Training
  • Support Providers
    • About Support Providers
    • Learn About Startup Ecosystem
    • Startup Development Phases
    • Providing Support Functions
    • Innovation Entrepreneurship Education
    • Innovation Entrepreneurship Curriculum
    • Growth Academy eLearning Platform
    • Certified Trainers
    • Become Growth Academy Provider In Your Ecosystem
    • Growth Academy Training On-Site By Startup Commons
  • Ecosystem Development
    • About Ecosystem Developers
    • What Is Startup Ecosystem
    • Ecosystem Development
    • Ecosystem Development Academy eLearning Platform
    • Subscribe to Support Membership
    • Ecosystem Operators
    • Development Funding
    • For Development Financiers
    • Startup Ecosystem Maturity
    • Case Studies
    • Submit Marketplace App Challenge
    • Become Ecosystem Operator
  • Digital Transformation
    • Digital Transformation
    • Ecosystem Operators
    • Apply To Become Ecosystem Operator
    • Applications Partnership
    • Ecosystem OS
    • Circle Pass User Accounts
    • General Data Protection Regulation (GDPR)
    • Digital Ecosystem Applications
    • App Developers
  • Contact Us
  • Startup Commons
    • About Us
    • Our Team
    • Our Customers
    • Services And Pricing
    • Our Business Model
    • Our Digital Solutions
    • Our History
    • Contact Us
    • Partner With Us
    • Request For Speakers
    • Job Opportunities
    • International Internships
  • Business Creators
    • About Business Creators
    • Creating Businesses
    • What Is A Startup
    • Startup Development Phases
    • Growth Academy Elearning Platform
    • Founders Shareholders' Agreement and Team Building Online Training
  • Support Providers
    • About Support Providers
    • Learn About Startup Ecosystem
    • Startup Development Phases
    • Providing Support Functions
    • Innovation Entrepreneurship Education
    • Innovation Entrepreneurship Curriculum
    • Growth Academy eLearning Platform
    • Certified Trainers
    • Become Growth Academy Provider In Your Ecosystem
    • Growth Academy Training On-Site By Startup Commons
  • Ecosystem Development
    • About Ecosystem Developers
    • What Is Startup Ecosystem
    • Ecosystem Development
    • Ecosystem Development Academy eLearning Platform
    • Subscribe to Support Membership
    • Ecosystem Operators
    • Development Funding
    • For Development Financiers
    • Startup Ecosystem Maturity
    • Case Studies
    • Submit Marketplace App Challenge
    • Become Ecosystem Operator
  • Digital Transformation
    • Digital Transformation
    • Ecosystem Operators
    • Apply To Become Ecosystem Operator
    • Applications Partnership
    • Ecosystem OS
    • Circle Pass User Accounts
    • General Data Protection Regulation (GDPR)
    • Digital Ecosystem Applications
    • App Developers
  • Contact Us

Becoming an entrepreneur - The Matrix analogy

12/10/2018

Comments

 
Picture

​We wanted to do this for “weekend reading”, as weekends are good time to relax and enjoy some longer posts and do some thinking. If you watch all the videos linked to this post you can easily spend close to an hour with these, so we made this post so that it can be easily enjoyed even via your iPhone while laying on the couch. 
​
Are entrepreneurs born or made?

Every now and then, there are talks going on about “are entrepreneurs born or made?”. We are not sure if there is a real answer to that or not, but what’s pretty clear regardless, is that to become a successful entrepreneur, there are many different things that can help you to become one.
​
Few key points:
  • start paying attention to things around you
  • realize what things could or should be different
  • learn to enjoy continuous learning

We think that entrepreneurs are born with an entrepreneurial mindset, behavior and thinking, just like having some other personality features that one may have. However, this does not mean that all these people with entrepreneurial mindset will become entrepreneurs, or that someone without this mindset would not become one. It may well be that we all have these entrepreneurial minds, but some have stronger minds than others. This may well be the difference between an entrepreneur and a great entrepreneur.

Regardless of how it is, there is a path to becoming a great entrepreneur, some people can follow it, while some can’t and some only go half way. In every entrepreneur’s mind, at some point, it’s clear and you realize that you are an entrepreneur. This path – to become an entrepreneur – is why I wanted to write this post.

While we were thinking on how to do this post and thinking of some analogies to explain some of the key points, we started to think clips from the movie “Matrix”. Our plan was to only use few clips from Matrix and then some other stuff, but as we started to search for suitable clips in YouTube, we realized that we could build the whole post around clips taken from the Matrix. 

The path of becoming an entrepreneur

While you’re watching the clips below, try to replace the roles in the movie with those occurring in the entrepreneurial and startup world, like mentors, service providers (experts), business angels, team members, corporations, venture capitalist etc. and enjoy!

Learn to question the functions of the existing models

At some point you start become aware that you may indeed be an entrepreneur. Sometimes you realize that yourself and sometimes someone else will see it in you before you do, and starts to talk to you about it. – When you feel yourself questioning many things around you – you need to go and meet other people that are entrepreneurs. People with ideas & passion and those that have done it before.

Learning to question the existing models will lead to finding “new and better ways of doing things” and that’s the most natural path to come up with a great idea for a startup.

​

The earlier you can see a “new way”, the more time you have for safe bootstrapping. When you are too early, the market is not ready and when the “new way” is already obvious to everyone, it can be too late for great entrepreneur. The right time to build a business around “the new way” is difficult to know, but at the point when enough smart people (that can and are willing to help you)  are seeing the “new way”, it’s as close to right time as it can be.

Understand the big picture

To be able to really start learning, first you will need to understand the bigger picture. Whatever you are doing and however well you think you know the things you are planning to do, you need to become aware of other things around you that will have effect on the outcome of what you are planning to do – things that will help or bring obstacles on your way. Having been “in the business” where you want to bring the change is very important. This means having been studying, working etc. enough within the area you are about to make a change in.

To make this learning process faster, it’s crucial to follow, meet and talk to people that already understand it on the same or a deeper level that you will need to as well. It’s also important to understand, that while it’s important of having lived in the system, the system itself really can’t teach the things you will need to learn about being an entrepreneur.

Learn the related basic skills in other industries to be able to battle within your own industry
​

Besides the skills that you need for your own industry, you will also need to learn other important skills that are essential for your success. In our context, this means learning to listen people in volumes and to present your business and goals in simplistic ways. Or to learn how to acquire needed funding to make your business a reality. Simply put, you need to learn to convince other people to give you their money for what you have to offer.

From this clip it’s easy to understand how also smaller basic roles like “the operator” are crucial for the future success. In the startup world this means relevant service providers or experts, that can help, teach and give you the insight in some tricky issues or simply take care of some of the related important segments of your business (like legals, accounting, etc.), stuff you need to understand but that you really should not be doing/focusing yourself, if you are in a greater mission. Here’s a related post on how can you work with “the operators” for your startup.

Train your skills
​

When you have real life experience, you have learned from others by reading and listening their theories, it’s time to start practicing what you have learned. While you continue to work with your startup, participate to your local events to pitch your startup and see others pitch theirs. This is also a g00d way to meet potential new team members to build you core team.

Have a healthy attitude with failure

Everyone fails on something at some point. When we were kids we did it all the time and that’s how we learned. Obviously the goal is not to fail, but the fact is that you are able to learn faster when you do. If you are racing F1, you don’t know how fast you can take the corners, until you spin out on the track. After you have done it, you know how far you can push the car and still stay on track. Same goes for everything else. Just make sure you are aware what you are doing and what level of risk you are taking. If you crash your car, the race is over and if you pass out and you don’t know what just happened, it’s hard to learn from it.

Also make sure to communicate and agree on the level of risk you are about to take with everyone involved, or you will start to lose the people around you that are willing to help you next time. It also helps if they have experienced similar failures in the past themselves.

Pay attention to details along the way
​

As you move forward, remember to pay attention to those small details and indicators along the way that help to remind you of what you know. These will help you to keep your focus on things that take you forward. In business these can be metrics. When you combine metrics to your gut feeling, your gut feeling will start to develop for the better.

Entrepreneur without a team – is not a great entrepreneur
​

When you are on your way to becoming true entrepreneur, a big part to understand is that if you are aiming to go solo, your chances of making it big are much, much slimmer than with having a great team with you. Your team is everything, when building up your startup and product. And when things go really bad you must be able to count on them. Simply, if you are thinking of doing it alone other people don’t really care so much of what you are doing and even if you succeed, there’s no others to share the excitement with you (people that really understand it).

Take care of your team
​

What makes a great team – is the fact that they care for each other. If someone is in trouble, you can count on your team to come for the rescue. The relationships that are build in any startup team, usually carries way beyond one company, those ties that people create when living in challenging situations are the types that carry on for the rest of our lives.

​At some phase you arrive to point when you are ready for the big leagues
​

If you are a true entrepreneur, all the failures, small details, incidents, fights and close calls eventually push you to the point where you realize that you now know enough to take on the big challenges and really start to go big with your idea. You know you have the right idea, the right team and the right people close to you, that can help your team to achieve the big vision. At this point nothing can really stop your team (think Facebook).

​When you hit the serious growth
​

This next clip is highlighting that phase in your startup growth when you clearly have a big winner in your hands. That time when you have proven your model, maybe raised a boat load of money and are growing at an insane pace (think Facebook). At this point there are all kinds of people, companies, media etc. coming at you in a continuous stream and you need to fight for your position to make it. Not all startups can or want to arrive to this phase, but if you do, it’s good to know what’s waiting for you.

What next?
​

Now that you have lived the process of becoming a great entrepreneur, what next? Well, that all depends on you. What is your next big thing?

The end credits
​

This last video is just a nice wrap-up of some of the key points that we covered above with some nice soundtrack.

Enjoy your new entrepreneurial freedom!

We hope you have enjoyed this post as much as we did creating it. Regardless of what point you may be in your journey of becoming a great entrepreneur or the next big thing, you should take advantage of our resources, where you may find and connect with those people you need to move your startup to the next level. Or perhaps to join another startup already on its way.

​Startup Commons has released entire Growth Academy innovation entrepreneurship curriculum training materials with more than 700+ slides, along with supporting booklets​ for free co-development and use.
​

All is released under Creative Commons licensing and in editable format.​​​

The curriculum is built, designed and refined over the years to increase the volume of entrepreneurship and likelihood of startup success by focusing on removing or reducing the biggest “universal risks” and to educate about optimal methods and structures.
​

The base knowledge shared via these trainings is accumulation of more than twenty years of international serial entrepreneurship experience combined with more than ten years of parallel experience on startup advisory. 

➡️ ​If you are interested join our facebook groups:
Startup Ecosystem Developers
Innovation Entrepreneurship Education providers/trainers
Comments
    Our Services
    Supporting startup ecosystem development, from entrepreneurship education, to consulting to digital infrastructure for connecting, measuring and international benchmarking.
    Picture
    ​Subscribe for updates
    Startup ecosystem development updates with news, tips and case studies from cities around the world. 
    Subscribe

    Join Us?

    Are you interested to join our global venture to help develop startup ecosystems around the world? 
    Learn more...
    ​

    Archives

    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    January 2021
    November 2020
    June 2020
    May 2020
    April 2020
    March 2020
    October 2019
    June 2019
    February 2019
    November 2018
    October 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    May 2017
    February 2017
    December 2016
    July 2016
    March 2016
    February 2016
    January 2016
    November 2015
    October 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    July 2013
    June 2013

    Categories

    All
    Accelerator
    Africa
    Asia
    Australia
    Commitment
    Concepting
    Design
    Digital
    Ecosystem
    Establishing
    Europe
    Event
    Growth
    Incubator
    Infrastructure
    Innovation
    Investment
    Leadership
    Lean Startup
    Mentor
    North America
    Report
    Scaling
    Startups
    Team
    Validation
    Vietnam
    Vision

    RSS Feed

Startup ECOSYSTEM DEVELOPMENT
To Scale INNOVATION Entrepreneurship

Business
​Creators

What is a Startup?
Startup Development Phases
Business Creation
​
Growth Academy eLearning 

​​Support
​Providers

Supporting Startups
​
Startup Curriculum
​
From Technology Transfer to Open IPR
Support Providers
​Knowledge Center
​
Funding Sources
Growth Academy eLearning ​

​​Ecosystem
​Developers

What is Startup Ecosystem?
​From Innovation Ecosystems to Startup Ecosystems
Startup Ecosystem Development
Startup Ecosystem Maturity
Ecosystem Developers 
​
Development Funding 

Ecosystem Operators

About Ecosystem Operators
Funding Sources
​Digital Ecosystem Applications

EcosystemOS​


Picture
Subscribe to our mailing list
Entrepreneurship, innovation and startup ecosystem development updates, with news, tips and results from cities and organizations around the world.  #startupecosystem
Subscribe
Growth Academy eLearning | Resources | Blog
Join Us | Sharing Policy
Picture
Service by Digiole Oy
​© 2023 Digiole Oy some rights reserved