Let me begin with this SOBERING REALITY.
According to current data, UP TO 90% OF STARTUPS FAIL!
Obviously, entrepreneurs are UNABLE TO COPE with TODAY’S FIVE BUSINESS REALITIES…
✔️ REALITY #1. Intense COMPETITION.
✔️ REALITY #2. UNCERTAINTY and “chaos” in the market.
✔️ REALITY #3. CUSTOMER power.
✔️ REALITY #4. Dramatic TECHNOLOGICAL change.
✔️ REALITY #5. REGULATIONS constrain business.
In the face of these ruthless market dynamics, however, we MUST continue to find ways of creating VALUE for people and delivering INNOVATIVE SOLUTIONS they expect.
The problem is, the entrepreneurial skills and competencies being taught and practiced these days FALL SHORT of what is needed — “new ideas”, “creative solutions” and “original thought” CONTINUE TO DIE with regularity.
A new REVOLUTIONARY AND BREAKAWAY APPROACH is drastically needed. And Universities need to CHANGE THEIR FOCUS.
Their challenge is NOT to “FOSTER”entrepreneurs, it’s to CREATE “AUDACIOUS ENTREPRENEURS”.
Check out this episode and learn what this new breed of entrepreneur is and the competencies they need to be taught.
