If You Want Potential Customers to Be Honest, Ask Open-Ended Questions

Three years ago, I was coaching a successful company that was very confused about the failure of a recent product launch. When I was first hired, they told me they were convinced they had done everything by the book. Before developing the product, the company held five focus groups with potential customers to make sure … Read more

How Higher Education Is Killing Entrepreneurial Thinking

A few weeks ago, at the National Association of Community College Entrepreneurship (NACCE) Conference, I took part in a panel discussion on the subject of preparing our future workforce for entrepreneurial thinking. As companies increasingly express an interest in creative, innovative employees, one of the hottest questions in entrepreneurship education has become, “How do we … Read more

How To Significantly Reduce The Risk and Expense of Innovation

Corporate innovation is all the rage these days. With plenty of money and time at their disposal, employees have ample resources to create the next big thing. But before they commit too many resources to an idea, these intrapreneurs can learn a lot from successful entrepreneurs who operate with fewer resources. Innovation within a corporation … Read more

I Run From Danger and Other Dumb Assumptions Entrepreneurs Make

What does it feel like to have a terrible business idea? The kind where people laugh behind your back as you walk away? Take a moment. Think about it. It actually feels a lot like having the world’s best business idea…right up until the moment when the market tells you that you don’t have anything anyone wants. I meet with a lot … Read more