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LinkedIn Answers: What, in your opinion, are the Ten Key Success Factors (KSFs) in Entrepreneurial Startups?

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My reply is constrained via 4 variables: 

1. Start-up defined as an entity made up of the “founding” body of people who have successfully begun generating revenue from an invention of their conception and sale.

2. I will focus on the entrepreneurial start-up founded by the “inventrepreneur” because they illustrate and represent the consummate entrepreneurial scenario in my book.

3. I will focus only on the start-up entrepreneur of present and the future as their operating world is unique to that of their entrepreneurial “ancestors.”

4. My answer will be KSF’s that are human asset centric, as in the start-up founding team and founder(s).

(IMHO)

I will add a phenomenological component to the KSF’s:  Synchronicity. 

Business Synchronicity’s (as life phenomena) can be seen as the component called “luck.”

For the start-up this form of luck, this “induced luck”, is an essential ingredient to success and needed in greater “quantities” than that of a mature entity. Now, I am NOT talking about “attraction” in the now popular sense of the word. The question is what makes timely occurrences of synchronicity, as induced-luck, happen and within the context of an entrepreneurial start-up.

My KSF is a bit of an Uber-KSF: that the founder and founding team MUST be made up of individuals who have a conscious, discrete and analogue/continuum awareness of their natural and innate gifts, talents and dispositions vs. those things they have learned.

This is neither an obvious attribute nor common knowledge by a long shot. If I asked most anybody walking the Stanford campus today to define for me their perception of their innate gifts and their innate limitations as inversely related to those gifts they could not.  Few can.

Here is why I believe a more highly coherent and conscious sense of Self-knowledge is THE essential ingredient which then affects the doing of all the rest including the inducement of synchronistic events and as it applies to current and future entrepreneurial start-up companies.

From today forward the most successful entrepreneurs will have an unusual awareness of their gifts and as such they will also have an uncanny awareness of their limitations.

In knowing your limitations your then know who you need around you to make up your “optimal synergistic” and success probable team. You will also experience certain synchronicity in the “finding” of, or “resonance” to, these founding team folks.

One of the main success issues Self-Gift-Knowing immediately takes care of is the choice of the singular idea to pursue.  An entrepreneur that is not the IP creator may discover the market need first and then go after the IP or an IP creator to answer the need… the same applies. The successful “start-up” choice should be based on the inherent ability of the creator/developer(s) to make it happen full cycle… which leads us back to gifts, talents, dispositions and one more attribute, the available of an almost infinite supply of human energy.

The energy (NRG) to go from concept to revenue generation is simply incredible. How much NRG you can apply to a given project is innately derived. If an entrepreneur is doing what they are “born” to do then the available NRG should be almost infinite by nature.

For me the team is HUGE.  And HUGE means the pure existence of human Synergy. Everybody talks about the experience of “synergy” in a team space but for the most part it is just talk. Real Synergy only happens when there is natural “complementarity” among the team members. Natural complementarity is founded on the “fit of gifts” and natural dissolution of any limitations as seen of the team as a whole.

One’s innate gifts are the basis of one’s innate passions that correlate to doing work that is “on-purpose”, so to speak.  If it just makes a boatload of cash it’ll kill you and in the end feel worthless. This in not a success… I assume.

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Written by JohnBrian

July 9, 2009 at 2:54 pm

LinkedIn – MyAnswers: What is missing in the current Social Networking sites ??

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What is missing in the current Social Networking sites ??

 posted 22 hours ago in Business Plans, Starting Up  | Flag question as…

Allow me to rephrase if I may…

What’s missing is what’s coming.

I am august believer that all Tech – especially Human-connective-tech – is evolving-by-design and as a projection and mirroring of higher cortical neural architecture, functions and features. The reason for this I address elsewhere: https://imonad.wordpress.com/2009/09/30/proofs-instatiations-of-the-next-tsunami-the-human-evolution-revolution/

If one were to assume this mind-by-design mirroring was in fact a reality then certain predictive probabilities should become apparent, especially for tech evolving areas like socnet.

What’s missing is what’s coming, and for us believers here’s a function of the brain we know will be mirrored and projected more and more into our Social-Net space – Associate Memory.

Associative Memory is a feature/function of the human brain which we would then say is mirroring and projecting more and more of itself into this social-net space, and therefore, we should expect to see finer and finer grain associative capabilities, features and infrastructure capacities within social networking and as they are related to this very human associative content and pattern recognition capability.

Look for finer grain pattern connection-recognition and connection-pattern resonance-dissonance analogue visualized metrics concerning your personal patterns of activities, patterns of content that you allow to be auto tagged and stored within to your personal online db (Google docs is goin here) and with the same applying to all those in your net and all of everybody else.

With this “coming” Synergies will become more prevalent and will come with finer grain reasoning for the “Prescribed Synergy-filled Connection.” Of course there is always a balancing” so the opposite results will also occur and be described using reciprocal language.

With finer and finer applications of Associative Memory mirrored in socnet over time instead of that message we see stating “people you may know” we will see “people you should know because X, Y and Z.”

The next “coming” along these vectors of thought is a Profile revolution. Our socnet Profile will evolve for a bit more but soon, next 12-24 we will see an explosion shift.

We will see more unique representational features, more distinguishing personal and relationship measurement features and metrics base on commonalities, and synergies and “distances” or dissonant attribute recognition.

The Biggie: Natural SELF Representations: A distinct class of revolutionary profile features and structures is coming. Let’s call it an “Innate Self Profile” type of profile will represent a unique human being or the “Self” of that individual more accurately than ever before in history. And I don’t mean that we will be applying some or various forms of personality tests to our socnet profiles. Some will do this too but that will not last.

The advent of a “Natural Self Profile” will be all about more effectively and truthfully describing one’s YOUnique gifts and innate and natural dispositions.

It is the scariest thing in the world for an individual to actually deal with a true representation of their gifts. Most of us run away from this as the responsibilities to live our given gifts-as-Self is so daunting that it can crush us…

The day is coming though, in parallel I believe with the Eco-movement and its current multi-faceted spread, for this next generation of YOUnique representations to emerge, finally- were humankind is finally represented as more of it Self than ever before, and within (ironically) virtual socnet systems which can in fact take on this new form of human data and measurements and effectively “associate” them within the db of humanity… the result will be unheard of and innate-based human synergies.

The coming missing will shake the planet.

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posted 16 hours ago | Delete my answer | Clarify my answer