When listening to Canadian would-be entrepreneurs, it seems that quite often you hear their dream is to start a company, grow it to the point where some other larger American company comes along and buys it, enabling the original founders to walk away with millions of dollars.
True Innovators welcome competition
The concept was put forward simply. When what you are developing is so innovative that you are developing something not previously envisioned, having other players do something similar helps build credibility for your product. If you are the only one exposing a novel idea or product, then people may not listen. If there is more than one voice promoting new concepts, then the market may be more willing to embrace and adopt the new ideas.
As a Founder, when do you seek help?
I’m reminded of the Product Management principles of Buy, Build or Partner, and feel in some ways this is doing that type of evaluation on the product of you as Founder. I believe stepping outside of yourself and doing this type of assessment is key to a Founder’s success and a great learning experience.
A Founder’s Path – Success Milestones
Infographic charting key milestones on a startup Founder’s path to success.
Fail Fast, Learn Faster
This week’s post focuses on the closing comment of Chris O’Neil, MD of Goggle Canada, during a panel discussion on Innovation at Salesforce Company Tour: “Innovation is about getting people to learn quickly. That’s what fail fast is all about.” Thoughts on how innovative executives can foster a learn fast approach in their companies.
