Tag:entrepreneurship
All the articles with the tag "entrepreneurship".
Announcing Recambrian
Posted on:January 16, 2024Recambrian, my holding company, simplifies launching side projects and ventures. It reduces administrative hassle, allowing me to focus on my creative and business pursuits. It's useful for testing ideas, billing for consulting, and potential tax benefits. Inspired by the Cambrian Explosion, it represents rapid diversification and expansion in business.
Lessons in Entrepreneurship from Poker – Bankroll Management
Posted on:January 7, 2024Poker's disciplined money management and strategic risk-taking offer valuable lessons for entrepreneurship, teaching how to balance financial stability with growth opportunities.
Ways to come up with startup ideas – Become a problem-spotter
Posted on:February 17, 2024Discovering startup ideas hinges on training your mind to spot problems, turning everyday frustrations into potential business opportunities. Writing down annoyances helps, and you don't need to be inherently critical—awareness is the key. Whether through personal experiences or listening to others, identifying issues in daily life can lead to successful startups.
Lessons in Entrepreneurship from Poker – Different strategies for different stages
Posted on:January 24, 2024In tournament poker, adapt strategy based on stack size and tournament stage. Play conservatively early, become more aggressive in the midgame, and understand advanced concepts for later stages. This mirrors startups, where strategies evolve with the company's stage and resources, teaching valuable intuition for entrepreneurs.
Lessons in Entrepreneurship from Poker – Don't be Results-Oriented
Posted on:January 14, 2024True success in both poker and business relies more on consistent skill and strategic decisions rather than short-term wins or impressive credentials. It's important to focus on continuous improvement and critical thinking over merely replicating past successes.
Ways to come up with startup ideas – Find a boring problem to solve
Posted on:February 21, 2024Instead of working on an exciting idea, try to find a boring problem that people are desparate to solve. It may not be glamouress, but the startup graveyard is littered with fun companies that couldn't make it work, while the mundane businesses live on.
Lessons in Entrepreneurship from Poker – Game Selection
Posted on:January 9, 2024Game selection in poker is crucial, paralleling strategic focus in business. Understanding key factors like opponent skill and game environment is essential. This principle also applies to business, highlighting the importance of focusing on unique aspects of products.
Ways to come up with startup ideas – Get really good at something
Posted on:February 25, 2024Excelling in a skill can lead to startup ideas, with infinite possibilities across both conventional and unconventional talents. Focused practice helps you improve, and mastery can reveal business opportunities, such as teaching or creating products for your field. Understanding your domain deeply aids in identifying customer needs and innovation, with enjoyment and passion being key to sustaining momentum.
Ways to come up with startup ideas – Immerse yourself in an industry
Posted on:February 22, 2024While fresh eyes have their merits, deep industry knowledge and connections also go a long way. If you're looking to start a company, but unsure what to focus on, consider getting a job in a particular market and fully immersing yourself, until you know which problems are worth solving.
Lessons in Entrepreneurship from Poker – People Won't Get It and That's OK
Posted on:January 8, 2024Playing poker for a living will teach you to be comfortable with others not understanding your choices, a vital skill in entrepreneurship where one must often disregard public opinion and trust in their own goals and abilities.
Poker and Entrepreneurship
Posted on:January 5, 2024Drawing from my experiences as an online poker pro, this post outlines my transition from poker to business. I'll share key entrepreneurial lessons in upcoming posts, beginning with this overview of my unique journey.
Ways to come up with startup ideas – Ride the wave of an emerging trend
Posted on:February 19, 2024A tried-and-true way of coming up with a successful startup or product is recognizing a trend and building something that rides its momentum. Sounds easier than it is, of course. The hard part is actually identifying that trend before others do, and developing your skills so you're ready. But it can be done!
Ways to come up with startup ideas – Solve your own problem
Posted on:February 18, 2024One of my favorite methods for startup idea generation is to solve your own problems. It's proven by successes like Spanx, Dropbox, and Warby Parker. This approach guarantees at least one happy customer—you. It saves research time, ensures market need, and offers intrinsic motivation to overcome startup challenges. Plus, it's a direct path to understanding customer value, potentially expanding an initial solution into a broader business.
Start with who
Posted on:January 23, 2024When choosing a business idea, focus first on identifying your target customer rather than the product. Understanding and caring for your customer base ensures motivation and clarity, avoiding vague user profiles and enhancing product-market fit.
Lessons in Entrepreneurship from Poker – The Small Edges Matter
Posted on:February 1, 2024When I played online poker professionally, I learned the immense value of sweating the small stuff. This approach isn't just key to poker; it's crucial in business and life too. Minor details can be game-changers, giving you the edge needed to outperform competitors and achieve success.
Lessons in Entrepreneurship from Poker – Turn-taking
Posted on:January 20, 2024Poker teaches the importance of turn-taking and claiming your fair share. This concept, vital in poker, applies to business and life, helping recognize balance and opportunities. Mastering it allows you to subtly outperform in competitive scenarios.
Ways to come up with startup ideas
Posted on:February 15, 2024Product and startup ideas are all around us. My brain does not shut off in thinking of them. If you're someone who wants to take the entrepreneurial plunge, and you're high on skills but low on ideas, this series of posts will give you all sorts of methods for finding the right one.
Ways to come up with startup ideas – Write down your ideas
Posted on:February 16, 2024In my series on coming up with startup ideas, we begin with the basics. Method number one is to write things down. Take a moment, be aware of the idea, and keep a record. This simple act helps tons of people develop their ideas over time.
Ways to come up with startup ideas – X for Y
Posted on:February 20, 2024The X for Y strategy is an effective method for discovering and validating startup ideas, as well as for clearly communicating your vision. Utilizing this analogy can also expedite the design and development process. However, it's important to complement this approach with thorough research and critical thinking, rather than relying on it unquestioningly.
Lessons in Entrepreneurship from Poker – You're not as good as you think
Posted on:January 6, 2024Exploring the intersection of poker and entrepreneurship, this post reveals how poker teaches valuable lessons about humility and skill assessment, crucial for business success.