1 - Must have conviction.
2 - Need to have a team you can trust.
3 - Need to have fun.
4 - Believe in what you do even if you don’t know what the outcome will be.
5 - Stay true to yourself and your people.
6 - Don’t let greed compromise the business model.
We had an amazing opportunity to glean much coveted wisdom from our special guest speaker, Hans Ullmark, at Babson’s San Francisco site.
Go ahead, start at the three minute mark. You will love him. Guaranteed. He’s one of the pioneers of B2B advertising and was a big angel investor during the dotcom boom/bomb. Besides his quick bio (www.collaboratesf.com — and check under the tab “management”), Hans is a branding genius. Simply put, you have to be for Microsoft to kidnap you. He’s a legend.
1. Check your EGO at the door. There is no time or space for that.
2. Your goal, as a manager, should be to have your team be able to put something on their resume that shows they have grown under your leadership.
A. Shah’s takeaway from bRelevant’s CURRY UP NOW gathering featuring entrepreneur Akash Kapoor and Tesla’s CIO (and intrapraneur) Ravi Simhambhatla
What was most interesting to me was that Hans’ path to entrepreneurship was really a combination of his DNA (conviction) and necessity. The necessity to create a living for his family is what gave him the courage to take risks, and he readily admitted that looking back on things, some of the choices he made were foolish. I think the key lesson for other aspiring entrepreneurs is that if they have the conviction, they can take their “shot” now, without putting it all on the line like Hans did. So in that sense, most of us have the luxury of failing with far fewer negative consequences… and that should give them some courage to take action.
[My] biggest takeaway is that you can still come to this country and achieve amazing things through confidence, perseverance and passion. As [Hans Ullmark] did. I also think he lived the idea of relentless execution, calculated risk and overcoming the fear of failure.