“You can’t just ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new.”
I realized the impact of lacking the knowledge of what customer wants when a product that I was working on was shelved for lack of market. An entrepreneur needs to know what customers want, be it in service or in product, in advance.
“It’s not about money. It’s about the people you have, how you’re led, and how much you get it.”
Vision is almost everything for an entrepreneur. It not only steers the company in the right direction, but also motivates people who work for you. A good product is not a result of how much money you spend in developing it or how much you pay for hiring the best talent. I believe all that someone needs to be happy is something to be enthusiastic about. A good entrepreneur understands this, and leads the people with his vision and extracts the best out of them.
“I’m not afraid to start from the beginning.”
To me a real entrepreneur is one who can say this at any point in time. For these reasons, the entrepreneur I admire the most is Steve Jobs.
—
This was one of the the essays I wrote while applying to the Marshall School of Business last year. I am preparing for my first final exam (Strategy) of business school. We have a case on Apple Inc., and I can’t help but wonder the void Steve Jobs has left behind in consumer electronics industry.
Have a look at this article which captures this void beautifully:
feeds.harvardbusiness.org/~r/harvardbusi…
P.S.: Some portion of the essay has been edited for not-so-obvious reasons, but 95% is unchanged.
i Thought, i Think i'd Blog - Sandeep 