Abandoning the input first mindset to be true entrepreneur start up; provide value/service first

Nation building via learning and being the best in business

We are often living in the mindset  of old businessman - INPUT FIRST.  You need capital to: rent an office, pay employees, etc.   Its an employee mindset.   Poor mindset.  But the businessman in the video a businessman emphasized that you PHP or $ is the last or inconsequential in starting a business.  There are 3 things you must give priority to:

       SERVICE

       SYSTEM

       SCALING UP.

So first find a problem and provide a solution.

Following Vance advice Arthur looked at a specific logistic problem he want to solve.   He emailed 50 logistics company and until he finally got one respondent.  He would be paid $6,000 if he got the solution by Friday.  Then he got his $6,000.   He having now proof, emailed the rest of the 49 who turned him down, and offered $2,000 monthly subscription for using his solution.  He got 3, grossing him $6,000 per month.  He eventually grossed $8,000.

So Vance was right.   

Input paradigm shouldnt exist in the mind of the entrepreneur

Start up entrepreneurs have to improve self to the next level to scale up business

Ateneo Professor on Entrepreneurship

Repost from QZ com by Jim Alampi | November 12, 2013

One of the biggest challenge to start up entrepreneurs is scaling up the business.  This is most especially true in the PHL but is not in any way unique challenge.  In US,  of the 6 million start ups, only 25% achieve sales of more than $l million a year.  (It may be less in the PHL)

The bottleneck is of course at the head - the founder. The traits that made the start up rise up -  quick decision, deciding on limited information, flexibility, risk taker etc. may be detrimental to the growth of the company.  A growing company must be more efficient, need a new set of skills, and may even require a new set of team members.  The founders, pioneers may even be obsolete for the new firm, even the entrepreneur, himself and even look for a new CEO.

The problem usually though is with personal mastery and growth of the man on top.

Only one in four entrepreneurs see the light.  See the rest of the article: