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IBF Entrepreneur Online –
On the unpredictable road of entrepreneurship, it can be immensely helpful to receive guidance and advice from those who have traveled those roads already.
Their experiences, distilled into teachable information, can help the rest of us avoid common pitfalls. Although their advice should be treated as a source of inspiration and not prescription, you can avoid a lot of useless theory by listening to those who are doers, not simply dreamers.
I enjoy finding hidden gems of this sort of information, and one source I uncovered recently is Stanford Business School’s YouTube channel. With world-renowned business leaders doling out straightforward, honest advice, you’d think the channel would be immensely popular, but alas, many great videos sit on the channel with a paltry amount of views.
I thought I’d do my part by narrowing down my ten favorite videos in a concise showcase. Nearly every entrepreneur I know can benefit from watching.
1. Greg McKeown on What Stops Successful People from Going the Distance
In his book Essentialism, McKeown discusses what he believes stops entrepreneurs with initial traction from reaching the next level: the opportunities afforded by their initial success. My personal take on this is “George Lucas Syndrome,” in that restrictions often force or guide early creations, organizations, and business ventures to be successful through strict focus.
However, when resources become abundant, focus can be divided and the entire direction of the operation becomes nebulous.
McKeown argues, “We shouldn’t ask, ‘How much do I value this opportunity?’ but ‘If I did not have this opportunity, how much would I be willing to sacrifice in order to obtain it?’”
Read more: http://www.entrepreneur.com/article/236183
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