The 5 Attributes of Inspirational Technology Entrepreneurs
Passion is the number 1 attribute to succeed (Steve Jobs said "The only way to be truly satisfied is to is to do what you believe is great work . The only way to do great work is to love what you do (passion). If you have not found it yet keep looking .Do not settle" ).
Passion is the answer to the question what would you do if you had 1 billion USD? Moreover Passion should be linked to a Big Purpose that will have positive and sustainable impact to the community and the world. Entrepreneurship in the coming decades needs to focus on sustainable businesses.
So what are other key attributes that will enable passion for something to become reality?
Although without Passion nothing big can be achieved , passion needs a few other enablers to achieve big outcomes:
1. Curious and Open Minded
In a world where new technologies (Artificial Intelligence, Crowdsourcing, Robotics & Drones, Big Data & Data Analytics, mobile, Social Networking, Digital Encryption & Currencies, 3D printing, Genetics, 5G, AR/VR, AI …. ) are growing exponentially without curiosity and open minded it is impossible to grasp and understand new creative ideas and changes around you and your business. Being open minded helps you to learn from successful others evaluate the situation and adjust the course of action in a way that will deliver results .
2.Self Belief
Being passionate for something without believing in your self cannot create anything . Putting your attention/energy in “what” you want to achieve and believe in the outcome is prerequisite for any positive entrepreneurial endeavor. A very important detail within this mindset is that the attention on the “what” should be done in a way of no tension/no stress. This means we do our best and as we cannot control the universe and we believe in ourselves and the outcome.
3. Flexibility and Collaboration
With the world changing so fast:
- From 2014 (2.5 billion people online ) to 2020 (estimated 5 billion online) >>> what innovations (these extra 2.5 billion people will create)?
- Exponentially growing new technologies (see above)
- Open Innovation platforms/communities/crowd sourcing create daily innovations and disruptions
- Collaborative mindset and the need to lead and create positive company culture as key ingredient for attracting the right people and for success
We need to be flexible, collaborative and adaptive to be inspirational and successful within the ecosystem. Without flexibility we will not be able to cope with the massive and frequent changes. So “Flexibility which is the key to Longevity” it should be together with collaborative mindset key ingredients of our entrepreneurial DNA.
4. Learner
With technologies, business models and markets changing so fast we need to be able to learn and understand the basics of what new technology and changes means for the business ecosystem:
-How can we leverage changes or third party assets for our business?
-What do we need to adopt and what not?
-How can I build a business with the new exponentially growing technologies or with new business models?
-How can I combine new technologies and people to create something revolutionary and differentiating?
-How can I uplift my self with the new technologies?
It is not about understanding the technological details . It is about understanding what it means for our business. So the attribute of learning daily and being able to understand and decide what to do is vital .
5. Practice , Practice , Practice
This is obvious and super key to be called entrepreneur. “Entrepreneurs Do to Learn “. They need to experiment to learn. So for aspiring entrepreneurs learning is starting mainly but not only from doing. At the same time in the technology business with all rapid changes that are accelerating, I do believe that the entrepreneurs need to devote more time on learning and doing!
Anything to add? Any comments?
Thank you very much