“The key enterprising skills I used when first starting out are the very same ones I use today: the art of delegation, risk-taking, surrounding yourself with a great team and working on projects you really believe in. As you mentioned in your letter, I suffer from dyslexia but was able to turn this to my advantage. I delegated the areas I struggled with to people who also believed in the project. This freed up my time to focus on what I was good at – the strategy of the magazine, making contacts and developing marketing.”
Scott Roen, Vice President of Digital Marketing and Innovation at American Express, introduces a brand new OPEN Forum by asking, why do entrepreneurs share advice? The new OPEN Forum helps entrepreneurs share ideas, get and give advice, and discuss experiences leading to small-business success.
More than a redesign (though we’re pretty excited about that, too), OPEN Forum features a community where you can give and get advice. It’s where you can find, save and share insights from OPEN Forum—and from around the Web. And it’s a place for meeting fellow entrepreneurs and business owners, experts and other like-minded individuals. We recognized that building connections is still as important today as it was in 2007; it’s just how we do it that’s evolved.
Click here to embiggen (see full infographic) from OPEN Forum
In today’s entrepreneur-obsessed era, startups are growing like weeds in every industry. But how many of those new businesses develop into financially stable companies? Sadly, not as many as you’d think. It’s no easy feat to bring a new idea to life, but the challenge quickly switches from “starting up” to designing a sustainable and profitable business. Bravo to those who have sprouted their startups, that’s half the battle. Now use these business edicts to nurture and grow your seedling into a lucrative and prosperous company.
In The Startup Playbook, David Kidder writes about the fascinating startup stories—the good, the bad and the ugly—of 41 successful entrepreneurs and asks them to divulge lessons from the trenches. A few common themes emerged: 1) don’t fear failure (in fact, you should fail often); 2) focus on the big ideas rather than the to-do list; 3) always look forward and think ahead; and 4) develop a product that will improve lives and leave a positive impact on the world.