Monday, March 23, 2009

Business Secret : Guts


Guts. Great entrepreneurs have the guts to go after big ideas. They are willing to put themselves out there when most worry about, "What will others think?" The definition of entrepreneurship that Harvard Business School Professor Bill Sahlman made prolific- "the relentless pursuit of opportunity without regard to resources" forms the center of the entrepreneurial mindset. Entrepreneurs don't worry about the resources they lack, but about the resourcefulness required to get the big idea done. It's gutsy for people to pursue a mission despite the gulf that exists between their available resources and the largesse of their ideas. It is gutsy to swing for the fences when one could settle for a single or double. It's gutsy to shape change that most cannot yet see and persevere forward with singular clarity. Here's an amazing fact: About two-thirds of billionaires on the Forbes billionaire list started with nothing. Desperation can be a good motivator, but these folks were born with the fire in the belly and vision in the mind. Read the biographies of Andy Grove, Ralph Lauren, or J.K Rowling and you'll find some pretty inspiring stories. As Eleanor Roosevelt stated so eloquently, "The future belongs to those who believe in the beauty of their dreams."

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