MidMarket.ai

I read a really interesting article today in Portuguese:

O Cientista Empreendedor – Transformando idéias em negócios

In this article, the author Venancio Velloso discusses how entrepreneurs can develop their businesses by being more like scientists. Now I am still learning Portuguese, and also you can not always rely on Google or other translators for really good quality translations, but here I think is the gist of his argument.

• Many startups create a business plan but then fail to find funding and investment for their ideas
• Could the development of a business plan be over-rated?
• The main reason why a business survives is by generating an income
• Often business plans fail to accurately reflect reality, and hence many businesses fail when predicted incomes fail to be generated
• The best way to prove a hypothesis (the assumptions in a business plan) are to test them
• One of the best examples of…

Embracing new technology and having an open and curious mindset is the key for not only growth but survival in every industry today. I cannot think of one industry that has not felt the distributive effects of new technologies and the rate of social adaptation. I deliberately don’t call it adoption as this is a term for “Systems of Record”.  We now have “Systems of Engagement” (thanks Geoffrey Moore) and they are defined by our social interaction and creativity. We can all be publishers, authors, musicians, artists and connect in ways that were virtually impossible before.

I recently read a fascinating post by Ayelet Baron that brilliantly encapsulates the essence of  what we are seeing. The “new art of the possible” is taking place thanks to the combination of an open mindset and embracing technology.  Baron calls it “an abundance mindset”, also attributed to the late great Stephen Covey.

Ayelet asks these disruption…