3 December 2020 Eric Ries Start-ups make so many mistakes that the challenge to identify the root cause of a failure is tough. But believing in your own plan is probably the worst.
3 December 2020 Eric Ries The United States is locked in a new arms race for that most precious resource – the future entrepreneurs upon whom economic growth depends. Substantial research shows that immigrants play a key role in American job creation.
3 December 2020 Eric Ries Entrepreneurs always pitch their idea as ‘the X of Y’, so this is going to be ‘the Microsoft of food.’ And yet disruptive innovations usually don’t have that character. Most of the time, if something seems like a good idea, it probably isn’t.
3 December 2020 Eric Ries Except in very narrow cases, where there’s breakthrough science that needs patent production, worrying about competitors is a waste of time. If you can’t out iterate someone who is trying to copy you, you’re toast anyway.
3 December 2020 Eric Ries You know how people always talk about how vision is the key to entrepreneurship and perseverance and really seeing what other people don’t see? We can actually redeem a fair amount of that folk wisdom.
3 December 2020 Eric Ries Our educational system is not preparing people for the 21st Century. Failure is an essential part of entrepreneurship. If you work hard, you can get an ‘A’ pretty much guaranteed, but in entrepreneurship, that’s not how it works.
3 December 2020 Eric Ries Learning to see waste and systematically eliminate it has allowed lean companies such as Toyota to dominate entire industries. Lean thinking defines value as ‘providing benefit to the customer’ anything else is waste.
