Yesterday was the last class of the semester. The longer I teach entrepreneurship the more I realize that the keys to a successful new venture are the same keys to a successful life. Consequently in class I now talk more about the way to live your life as an alternative means to communicate the concepts of entrepreneurship. The cross over concepts from entrepreneurship to life are listed below:
- Passion-which sustains you to achieve excellence
- Focus-which eliminates the debilitating distractions
- Discipline-the foundation of all the other disciplines
- Routine-a systematic, step-by-step approach
- Mentoring-you are not alone
These concepts supported by education and life long learning are the keys to a successful, productive life. A previous post on the relationship between life and entrepreneurship is here.
My new book, Billion Dollar Company: An entrepreneur's guide to business models for high growth companies, is available on Amazon. Learn the fourth strategy Michael Porter should have included, how to determine if a market opportunity is large enough to interest venture capitalists and how product differentiation is more than just a feature set. Book website.
