Traits Entrepreneurs And Einstein Share
Entrepreneur.com:
1. Imagination. Einstein said, “Imagination is more important than knowledge.” The fellas over at Google had all the computer skills and knowledge they needed to have successful careers in some firm’s IT department–along with tens of thousands of other techies. What makes Larry Page and Sergey Brin household names is the fact they imagined there was a better way to search the web, and then they created it.
2. Always questioning. “The important thing is not to stop questioning.” One of the most important questions an entrepreneur can ask is How can I make it better? Whether you offer a product or a service, improving it is the only way to attract new clients and retain existing ones. While Phil Knight was marketing Nike to the top of the athletic-shoe sales heap, Bill Bowerman tinkered with the shoes’ designs and made sure Nike footwear was on the cutting edge of innovation. How can the new model, Bowerman wondered, be better? If Einstein had stopped questioning, we would have been left with his thoughts on relativity instead of an entire theory.
3. Old problems, new ways of thinking. “We can’t solve problems by using the same kind of thinking we used when we created them.” In the 1940s and ’50s, book publishers printed paperback books based solely on hardback titles that had lost momentum; Ian Ballantine created Bantam Books Inc. to do just that. He soon realized he was limiting his profit potential by sticking to the old way of thinking. He decided–much to other publishers’ and bookstores’ chagrin–to produce original paperback titles for mass-market sales. Sixty years later, both models still exist. And Ballantine likely would have jumped at the chance to offer books electronically.
4. Intuition. “The only real valuable thing is intuition.” Einstein worked in theoretical physics; he had to trust his intuition to move forward on anything. Entrepreneurs do the same thing every day. Intuition told Richard Branson the Sex Pistols were worth signing to a fledgling Virgin Records. Intuition told Hugh Hefner men would pay for a magazine filled with high-quality articles and fiction writing that was interspersed with photos of nude women. (Or was it the other way around?) Trusting one’s gut led to many of the 20th century’s greatest advances.
5. Strong positive attitude. “Weakness of attitude becomes weakness of character.” In the early 20th century, greeting cards were given for Christmas and Valentine’s Day. In 1915, a few weeks before Cupid’s favorite holiday, a warehouse fire destroyed J.C. and Rollie Hall’s entire inventory of Valentine’s Day cards and left them $17,000 in debt. They borrowed money, purchased an engraving firm, designed two new cards and printed them in time for Christmas. Nearly a century and countless new ideas later, Hallmark Cards sets the industry standard.
No related posts.
