This section, and chapter in the book, is about entrepreneurial ideas. How to evaluate ideas for a venture? Which ones are good, which ones are bad? How to even find them?
Use the commentator-field (if your comment does not get published instantly, just wait for a while, in worst case even a day or so…spam-filters are not that perfect, yet, I ´m not able to be behind the curtain fixing all that when I´m sleeping).
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Stop Nobody Move 
Tech idea-limits (possible boxtitle, could be positioned in the end of the “ideas-chapter”)
Would be great if AI, like ChatGpt, could help us answer: is my idea for a possible venture a good one, or not?
And say what you like, but AI is already used for judging complex matter, se ie world championship in gymnastics, 2023 (https://www.technologyreview.com/2024/01/16/1086498/ai-gymnastics-judging-jss-world-championships-antwerp-paris-olympics/).
So; Ai already has changed judging.
But there is a problem. A judge in gymnastics knows how a good performance should look. There are patterns these judges follow. However, in business; no clear pattern exist. Hence: training an AI-bot for it: really difficult to do.
As long as we not know much more than we already know about business development, we will still have to struggle with valuating ideas by ourselves. We might even never get there; human systems of that kind are really difficult to understand (where is the new pattern we not already know, so to speak?)
When deciding on what idea to work on: this decision, still, have to be made by ourselves.
But that does not mean that Ai can not help us during the road.
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Cool idea Henrik. But just so you know; even though you might be right, that does not mean that Ai-people not still try to develop tools that (perhaps!) at least can help us a bit while doing this decisions, see for instance here: https://deepgram.com/ai-apps/rebeccai
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Story One, Focus on what matters
Eliud Kipchoge ran the first sub-2-hour marathon with a finish time of 1:59:40. Kipchoge and his coaching team were driven to break an unbreakable record. From how he trained to the actual running of the race, the team applied advanced analytics and statistics to gain insights from every bit of data to enhance Kipchoge’s performance. They analyzed everything, including weather, pace of car operation, and course selection, to maximize their chances of breaking the record. https://www.ineos159challenge.com/ It was a systematic, logical, and carefully thought-out approach beyond what anyone had done before. [Similar to the Oakland Athletics], the Kipchoge team conducted a rigorous analysis of what matters and where to place their priorities, which is vital to devising any plan. Every entrepreneur’s idea is built from the bottom up to achieve some ultimate goal. Such was the planning behind the team’s goal of achieving a sub-2-hour marathon time. Reaching that goal requires layers of work supported by data, fresh ideas, and earnest effort to reach the peak. The foundation is as essential as the ultimate objective. One needs to focus on what matters and balance all interests to reach any goal, whether the sub-2-hour marathon or how to launch a new retail chain.
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I enjoyed reading this story Hailey!
It teaches entrepreneurs an important lesson: when building something from the ground up and aiming for big goals, it’s like putting together puzzle pieces. Each step you take should be based on good information, new ideas, and a lot of hard work.
Your example shows how planning ahead and finding the right balance are crucial when trying to reach big goals.
It’s not just about dreaming big; it’s also about carefully planning and working persistently.
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I love this example, especially because it also points out the need for a supporting team who share a common goal to achieve and give their all to do so! I have watched the attempt when it happened, and it is incredible, how planning and working together effectively with a well-defined goal can lead to such performance, that redefines how we think about human performance!
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I found this story fascinating! It draws a compelling parallel between Eliud Kipchoge’s meticulous approach to breaking the sub-2-hour marathon record and the importance of strategic planning for entrepreneurs. The emphasis on analyzing what truly matters and prioritizing goals resonates well. It underlines the significance of a systematic, data-driven approach in achieving ambitious objectives. The analogy of building a foundation for success, layer by layer, is a valuable lesson for anyone aiming for substantial accomplishments. The story encourages a thoughtful reflection on the interplay between careful planning, innovative thinking, and persistent effort in reaching significant milestones. Great insights!
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I really love this story. First being Kenyan, I saw how this happened first hand and in turn how it inspired other marathon runners to train. Often people would just dive into training without having a thoughtful plan behind it. Also the team was pivotal in him winning the race, from his pace setters to the coach they all rallied behind him to make it happen . In his documentary : The last milestone, he sheds lights on how having a diverse team they were able to uncover fresh insights and innovative ideas to win the marathon.
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Story 1: Aligning Beliefs
For some, running a 5K can be a grueling task. Others, like Scott Jurek, like to take things to the extreme. This ultramarathon runner’s track record includes seven consecutive victories In the Western States 100 (161km), winning one of the deadliest races – the Badwater Ultramarathon (217km through one of the hottest places on earth) – twice, and placing the record for running the Appalachian Trail (3540km) at 46 days, 8 hours, and 7 minutes.
Runners are often expected to experience vomiting, extreme chafing, bleeding, hallucinations, vision loss, and sometimes even death. Then why, in the face of all this, would you decide to run these races? Jurek doesn’t give us one reason, but a stack of beliefs that compounds into his intense motivation. He talks about his plant-based diet, how he believes it to be key to his performance and recovery, and how improper diet has caused illness in his family. He goes on to talk about the hurt his family situation has given him, and how running allowed him to cope with it – literally and metaphorically to keep moving. Lastly, he often speaks of the connection runners feel to their surroundings, especially during extreme races, and how those moments are what many of them chase.
From Jurek’s experience we can see that his fiery focus on these painful races did not come about spontaneously. He aligned values and beliefs across all aspects of his being – his diet for his body, the coping for his emotions, the connection for his soul (for the lack of a better word). Now imagine how powerful you would be if every fiber of your being was aligned towards your goals, if you didn’t have ‘a why’, but an array of ‘whys’ at your disposal.
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This is a great metaphor, Steyn! This comparison hits home for me as a fellow runner. Running and entrepreneurship share a common thread – the mental game. Just like Scott Jurek aligns his beliefs for tough races, entrepreneurs can do the same by sticking to their core values.
In both running and business, it’s not just about having one ‘why,’ but having many ‘whys’ to stay strong. The challenges in running, both physical and mental, reflect the hurdles entrepreneurs face. Aligning our values becomes a powerful force, pushing us forward even when things get tough.
Whether it’s enduring a marathon or the entrepreneurial journey, the key is having beliefs that truly resonate with us. It’s about weaving those beliefs into our daily lives, giving us the strength to keep going, no matter what.
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This is a great metaphor, Steyn! This comparison hits home for me as a fellow runner. Running and entrepreneurship share a common thread – the mental game. Just like Scott Jurek aligns his beliefs for tough races, entrepreneurs can do the same by sticking to their core values.
In both running and business, it’s not just about having one ‘why,’ but having many ‘whys’ to stay strong. The challenges in running, both physical and mental, reflect the hurdles entrepreneurs face. Aligning our values becomes a powerful force, pushing us forward even when things get tough.
Whether it’s enduring a marathon or the entrepreneurial journey, the key is having beliefs that truly resonate with us. It’s about weaving those beliefs into our daily lives, giving us the strength to keep going, no matter what.
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Thank you for sharing. This is very enlightening and truly motivational. Those who excel and take things to the extreme are the ones who devote every pore and every capillary in their body to a single goal. They persist and overcome challenges through sheer willpower and belief.
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This story about ultramarathon runner Scott Jurek showcases the power of aligning beliefs across different aspects of life. His motivation for grueling races stems from a plant-based diet, using running as a coping mechanism for personal challenges, and seeking a profound connection with his surroundings. The narrative suggests that having a variety of aligned “whys” rather than a singular purpose can drive exceptional achievements. Jurek’s journey challenges conventional notions of endurance sports, emphasizing the holistic nature of motivation that combines physical, emotional, and spiritual aspects. The story serves as an inspiration for individuals to explore the depth of their beliefs, highlighting how such alignment can fuel resilience and determination in pursuing extraordinary goals.
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It is an amazing story, thank you Steyn!
It is blowing my mind that people can run such long distances and put themselves through that. And it is enlightening to read about the motivations of the record holder for such extreme competitions. If we could indeed harvest such stark motivations and strong mental, any goal would become achievable, including in entrepreneurship.
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Driving forces
In charity runs and marathons, individuals transform into powerful motivators, driven by a deep desire to create a positive impact in response to society’s problems.
People of various ages, including those new to running, join this effort to address issues and aid others. The main goals of charity runs encompass raising awareness and collecting funds.
Adding a fun twist, participants often wear costumes related to their cause or just for enjoyment, turning the run into a lively spectacle. It’s captivating to see runners wearing Greek warrior or Batman costumes, making the experience both entertaining and impactful. Take for example Lloyd Scott, who is London Marathon costume fundraiser hero. He entertained the audience and collected £11million for charity. (https://www.mirror.co.uk/news/uk-news/fundraiser-who-completes-london-marathon-29767122)
Each step transforms into a motivational contribution, and it’s truly beautiful to witness individuals motivated by real-world problems. They strive to make a meaningful impact on the causes they passionately support.
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Hey anaoum546e186125,
cool combination of motivation and sport! You are right that the desire to create a positive impact in charity runs fuel the participants to accomplish great things by running for a good cause. Furthermore, you can even extend it to company runs were companies (big or small) sign up as groups to support a good cause.
Your post reminded me of a recently discovered marathon that I found in France, Medoc trailing through wine regions. Its not connected to a good cause but in this event runners dress up funnily and instead of water stations there are wine stations to be discovered 😀 quiet entertaining, I thought. https://www.marathondumedoc.com/en/
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This story illuminates the inspiring transformation of individuals in charity runs, driven by a sincere desire to tackle societal issues positively. The inclusive nature of these events, coupled with the dual goals of raising awareness and funds, creates a powerful collective effort.
The incorporation of costumes not only adds a fun element but turns the runs into lively spectacles, exemplified by figures like Lloyd Scott, who raised £11 million for charity during the London Marathon while entertaining the audience. The narrative beautifully captures the motivational contribution of each step and the genuine passion individuals bring to make a meaningful impact on the causes they support. Overall, it celebrates the convergence of physical activity, philanthropy, and entertainment in these events, showcasing their potential for positive societal change.
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Driving forces
In charity runs and marathons, individuals transform into powerful motivators, driven by a deep desire to create a positive impact in response to society’s problems.
People of various ages, including those new to running, join this effort to address issues and aid others. The main goals of charity runs encompass raising awareness and collecting funds.
Adding a fun twist, participants often wear costumes related to their cause or just for enjoyment, turning the run into a lively spectacle. It’s captivating to see runners wearing Greek warrior or Batman costumes, making the experience both entertaining and impactful. Take for example Lloyd Scott, who is London Marathon costume fundraiser hero. He entertained the audience and collected £11million for charity. (https://www.mirror.co.uk/news/uk-news/fundraiser-who-completes-london-marathon-29767122)
Each step transforms into a motivational contribution, and it’s truly beautiful to witness individuals motivated by real-world problems. They strive to make a meaningful impact on the causes they passionately support.
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When coming up with an idea, it is important to decide on what idea to work with. There are chances that you will be boggled with ideas, and it is important to decide which and why. As mentioned in the book Entrepreneurship = often much more of a precision sport than a pure power sport. This can be explained with a story from the world of archery, where precision is key.
During the 2016 Olympics in Rio, South Korean archer Ku Bon-chan had a tough situation in the Men’s Individual Archery event. When it came time for the final match against French archer Jean-Charles Valladont, the pressure was on him like never before.
With the gold title on the line, Ku Bon-chan had to make a perfect shot to win. It’s very important to be precise in shooting, where millimetres can make a difference. Ku drew his bow, focused his mind, and shot the arrow straight at the target, hitting it right in the middle. He won the gold medal in an exciting way, thanks to how well he did.
This story reflects the precision required in entrepreneurship.
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Spot on! Choosing the right idea in entrepreneurship is very similar to the precision needed in archery. In entrepreneurship, like in archery, attention to detail and accuracy can make all the difference. It’s not just about the strength of the idea but the precision in execution.
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Hey Linta, I liked reading your story! The analogy between archery’s millimeter precision and the precision required in business decisions is very well-drawn, and it is a great example that reinforces the precision sport metaphor. Nice story!
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Hi Linta! I really like the story! It’s interesting to compare entrepreneurship to precision sports, like archery. A pressure-filled Olympic final like Ku Bon-chan’s shows how important precision is. It makes me think about the importance of choosing the right idea in entrepreneurship. Even the tiniest details can make a big difference.
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The importance of decision-making in entrepreneurship is beautifully illustrated with the archery story. Much like Ku Bon-chan’s precise shot during the 2016 Olympics, entrepreneurs must carefully aim at their target. The analogy captures the essence that entrepreneurship is not just about raw power; it’s a precision sport. Deciding on the right idea is similar to hitting the bullseye in business. The story effectively emphasizes the significance of accuracy and focus on the entrepreneurial journey.
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I believe another metaphor in this story is about focus. Entrepreneurship is all about hitting the bullseye and maintaining a sharp focus. The journey of entrepreneurship is fraught with challenges and temptations, and it’s easy to waver or even stray from our original path. Any wavering or dispersion of energy can increase our risk of failure. This underscores the importance of having a clear understanding from the outset, constantly remembering our ultimate goal, and eliminating all distractions to hit the target.
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Linta, I love your story. After reading your story, I think that the precise shooting we see in the sport actually comes from the athletes’ training and preparation day after day. Just like the successful enterprises that we have seen accurately grasp the needs of users, there are many irreplaceable efforts behind them.
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Vision, target, and timing. The true element that can conquer the market, and turns out it really reflect it! Nice story!
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The story of Milo of Croton. While not a traditional sport story it is a story that is told to almost all strength athletes. Milo, a six time olympic wrestling champion in ancient Greece attributed his strength to his childhood when a particularly stubborn calf had to be carried to pasture every day. As the years passed the calf grew and so did Milo eventually carrying a fully grown bull on his back.
This is a story of consistency, growth and Patience. Lessons important to any venture. It is important to realize that your venture will not be successful out of nowhere, Rome was not built in a day. It is important to progressively grow and keep working to realize your goals. It might seem like an impossible task to carry a bull but if you start by lifting a calf and growing with your calf, who knows what creature it will grow into?.
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Hey Erik! What an interesting story! The inclusion of Milo of Croton and the calf is very interesting to read and very fitting to entrepreneurship. The analogy of carrying a calf and growing with it reflects the essential entrepreneurial principles of consistency, gradual growth, and patience. It serves as a reminder that success is a journey, and ventures, like strength training, require progressive effort over time, which makes it a very thoughtful story!
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Hi Erik! I find Milo of Croton’s story fascinating – carrying a stubborn calf every day and eventually lifting a fully grown bull. It’s like a metaphor for consistency, growth, and patience. We all need to progress steadily towards our goals, and small steps can lead to big achievements in my our journey.
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Great story! The emphasis on Milo starting off by carrying a calf and growing together with it makes me wonder what we are capable of, if we consistently take on challenges that are just at the edge of our current capabilities, instead of letting our ego take control and doing tasks that are either way too easy or way too hard.
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Hi Erik!
What an amazing story of growth and perseverance! I understand why it is taught to strength athletes. I love how it reminds us to stay humble and start with a smaller goal, and then make it larger as you yourself develop and become better at what you do, and being consistent with it on daily basis. A really great story!
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The story of Mattias Steiner, and the notes of “choosing to push through the lift” reminds me of something i was taught when i started weightlifting: Its important to, and know how to, fail
Steiner chose to push forward through the difficult snatch. He decided to commit to the lift way past the point where we are taught we should abandon the attempt. This practice and familiarity of failure could have led Steiner to qualify for an olympic medal instead of retiring from the competition.
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Arnold Schwarzenegger recently said “There is no such thing as a self made man” while fittingly describing both his bodybuilding career, defined by the community of golden era bodybuilders, and his entrepreneurial ventures.
Arnold stresses that you cannot do everything yourself and trying to is foolish. We humans thrive on support and help from each other. This is a fitting correlation to entrepreneurial ventures. No big company has one person doing everything. We get and stay strong together.
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I loved Arnold Schwarzenegger’s metaphorical insight into the notion of a “self-made man.” His acknowledgment of the importance of community and support, both in bodybuilding and entrepreneurship, resonates deeply. Trying to do everything alone is indeed a fool’s errand. The strength of collaboration and shared efforts is a powerful reminder that success, whether in building a physique or a business, is often a collective achievement.
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I could not agree more with Arnold, as I also believe finding others to support each other towards a shared goal is essential even in individual sports, like body building or athletics. A few years ago, I still did track and field, and the coaches and the fellow teammates really helped me to become better everyday, which is also the case for entrepreneurial ventures. Even if you see that a people represents a venture all by itself, you know for sure that many people have worked on that success in the background! Same applies for champions in before-mentioned sports: teamwork always makes the dream work 🙂
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This is a very important point (and I enjoyed reading it with Arnold Schwarzenegger’s voice in my mind). We cannot achieve things by trying to isolate ourselves from others. I think that it can happen when having an idea to be overprotective of it, which would lead to being reticent to share it with others or trying to collaborate with others on its development. That would be a terrible mistake in my opinion since indeed collaboration can only make development better and benefit the original holder too. A great reminder of the importance of team-work!
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The story revolves around Garry Kasparov, a former World Chess Champion who, from a young age, dedicated hours to studying the game, analyzing the psychology of his opponents and adapting his strategies. His success wasn’t just about reacting to the present board position; it was about anticipating future moves.
Just like in chess, successful entrepreneurs need to anticipate market trends, foresee challenges, and plan strategically for the future. The ability to think several steps ahead and act accordingly is crucial in business.
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I agree with the comparison between Garry Kasparov’s strategic approach in chess and the essential skills for entrepreneurial success. Anticipating market trends, foreseeing challenges, and strategic planning are indeed critical aspects in both chess and business. The ability to think several steps ahead, as demonstrated by Kasparov, is a valuable trait for navigating the dynamic landscape of entrepreneurship.
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A story about outside evaluation, just like Michael Jordan:
In the spirit of “Cool Runnings,” the Jamaican bobsled team’s journey to the 1988 Winter Olympics vividly illustrates the pitfalls of preconceived notions and the power of resilience. Vince Lombardi’s words, “The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack in will,” echo in their remarkable story.
The team faced skepticism and ridicule, yet their unwavering will to succeed shattered stereotypes. Beyond being athletes, they were thoughtful strategists. Through analyzing the sport, learning from mistakes, and adapting to challenges, they showcased that potential is often underestimated.
The story’s message is clear: People may misjudge others’ potential, overlooking the strength and will within. Intelligent actions stem from thoughtful analysis, and even seemingly spontaneous activities are underpinned by some level of thought. Reflecting on our thought processes is key, as it enhances our ability to understand and appreciate the true potential within individuals, whether on the icy tracks of the bobsled or in the broader spectrum of life.
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I like this story a lot. It’s usually nice to take suggestions from other people, but on the other hand, if the ‘suggestions’ or comments are against us, when shall we insist on our own opinions and when shall we change seemingly worth a thorough consideration.
From this story, the power and importance of will are stressed for the success of an individual or a team.
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I once watched a film about them. Although they only achieved the last place in the Olympic Games, they defied doubts and won everyone’s respect for their steadfast efforts. Some ideas seem incredible, but we don’t have to be perfect. Getting started is sometimes more important than doing well.
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What a great example. I watched the movie and loved it. Still watching it today. Will is most important. if you grow up in circumstances of knowledge and strength there could be still a lack of will of achieving. Will is most important in winning. And even if you lose when you have will even a lost situation is a win!
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Absolutely agree! “Cool Runnings” is timeless. The journey of the Jamaican bobsled team embodies the triumph of will over adversity. Your point about willpower being the ultimate driver, surpassing even knowledge and strength, is spot on. It’s a reminder that the right mindset can turn any situation, even a loss, into a personal victory. The movie’s enduring appeal lies in its ability to inspire with this powerful message.
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Tom Brady was a famous quarterback in American football for the New England Patriots and Tampa Bay Buccaneers. He is widely regarded as the greatest football player of all time. He has won the Super Bowl (the championship) an unprecedented 7 times and holds many other records.
Coming out of college, however, he was a relatively unknown player. Famously, during the 2000 draft, 198 players were selected before him. This story shows how difficult it can be to judge players (and ventures) successfully.
How would the NFL have looked today if Tom Brady wasn’t selected at all? Or if he didn’t persevere, even though many players were picked before him? Idea evaluation is very difficult and
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good story! this really emphazises the part that its hard to stand out in the masses and that there is an element of luck involved even if your venture is a “tom brady” or greatest of all time. thank you for sharing!
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Absolutely! Tom Brady’s story is a testament to the unpredictability in standing out and achieving greatness. It underscores the role of luck and the challenges of recognizing a “Tom Brady” in any field. Thank you for appreciating the insight!
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Great story and questions at the end! If Tom Brady weren’t selected, Belichick might not be the legendary coach, and Patriots and Buccaneers wouldn’t have experienced the unprecedented Superbowl success. And maybe people like me from other parts of the world, wouldn’t start watching NFL… It changed the perception of the league globally.
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A different What-If-story about trying a new technique and bringing it to success (analog to the V-style in ski-jumping)
In the 1968 Summer Olympics in Mexico City, Dick Fosbury revolutionized the high jump by introducing a technique that would later be known as the “Fosbury Flop.” Traditionally, high jumpers approached the bar with a technique called the “straddle,” where they would clear the bar facing down and parallel to it.
Fosbury, however, approached the bar with a different strategy. He turned his body to face the bar and went over it headfirst, arching his back in a backward motion. This technique seemed unconventional at the time, and many were skeptical about its effectiveness.
Despite initial doubts, Fosbury’s unique approach not only worked but also helped him win the gold medal at the 1968 Olympics. The Fosbury Flop eventually became the standard high jump technique, and nearly all high jumpers today use a variation of this technique to clear the bar.
Dick Fosbury’s innovative method not only earned him Olympic success but also transformed the sport of high jumping, showcasing how a single athlete’s unconventional approach could redefine the accepted norms in their respective sports.
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The question “How to find the right beat per minute?” and example reminds me of the recent Jiujitsu competition I experienced. When you finished weigh-in check, there’s still a long time before the fight. And listening to your favorite music and beats somehow cut you from the noisy environment and focus on the gameplan you have in mind. Also moving the body along with the beats naturally relaxes our body and muscles.
If you watch any combat sports like MMA, UFC, Jiujitsu, or swimming in the Olympics, you will notice that most athletes put the headphones on their heads until the last minute. Michael Phelps said in an interview that Eminem’s “Till I Collapse” was his favorite, and there was a mix of Jay Z, Lil Wayne and some good old fashioned EDM. However, the music choice could be very different according to the sports or business, it could be rap and rock, or classical and ambient.
What’s your go-to music choice, or things that can calm you down when facing pressure and challenges? And do you have a Plan-B when things go wrong?
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This is a story about miHoYo, the company that developed Genshin Impact.
The idea originated from the founders themselves.
Initially, a group of otaku, passionate about anime and games, came together to establish the early miHoYo. In 2011, they participated in the “Entrepreneurship Talents” event organized by the Shanghai University Students’ Science and Technology Entrepreneurship Foundation.
During the event, one of the founders, Wei Liu, delivered a speech later known as the “Otaku Entrepreneurship Bible.” This speech laid the foundation for the company’s development over the next decade, identifying a direction rarely explored within the industry. Liu pinpointed a previously overlooked target audience – otaku. A decade ago, this group faced skepticism, often associated with labels such as dependence on parents, internet addiction, and psychological abnormalities.
In Liu’s speech, he sought to redefine this group, providing detailed insights into their business plan. Their strategy involved using games as an entry point to build a fan base, establish virtual idols, and expand into anime, online literature, digital music, and merchandise around the IP. While today this may seem like a common and mainstream idea, at that time, it was undoubtedly unconventional. Yet, it was precisely this unconventional thinking that shaped the vast commercial landscape in the years to come.
I personally believe that any summary would diminish the original power of this speech. Therefore, I have translated and presented it below:
“…So our core users are otaku, and we ourselves are otaku, so we deeply understand the needs of otaku. In reality, otaku are a group of very kind, loving, yet pitiable individuals. They have a strong desire for interaction with the opposite sex but are restrained by immense psychological pressure. Thus, otaku generally belong to the category of people who are deeply troubled, lonely, and isolated. Our goal is to address these needs…”
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Thoughts and actions
There are tales about Serena Williams, one of the greatest female tennis player of all time. Starting at the age of four, Serena displayed an early interest in tennis. “Hit the ball where your opponent is not, not where they are,” could be considered one of her most famous sayings. But how could Serena, at such a young age, predict where her opponent would be or not?
Serena wasn’t just a player; she was also a student of the game. Even as a child, she spent time analyzing matches, watching them on television with her father. It’s a misconception to assume that her success was solely the result of physical prowess. A strategic thinking and a deep understanding of the game she is in played a pivotal role in understanding circumstances of movement of the opponent.
This can be understood in a way that understanding the game in its basics up to its niches is necessary for doing and predicting sucsessfull moves even in entrepreneurship actions.
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I often hear this proverb: Success is reserved for those who are prepared. Similarly, this story also coincides with Aim first shoot second. The most important thing is that in the business battlefield, we cannot spend too much time on preparation. Sometimes too much hesitation often causes people to miss a good opportunity. Therefore, adequate preparation is a powerful tool for moving quickly.
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For “a real team is stronger than the sum of its members” and the ice hockey example, it reminds me of the recent Japan soccer team loss to Iraq in the Asian Football Cup. Japan ranks as number one in Asia and number 17th worldwide, having multiple memebers playing in England and Spain’s top clubs, while Iraq comes only at 63th and often teams are struggling with safe venues for practice. However, during the game, Iraqis managed to score 2 goals in the first half, and kept the advantage until the last minute, even though Japan came back strong in the second half.
If we compare the individual skills and strengths, Japanese have a huge advantage, but playing together as a team, Iraqis outplayed the Japanese that night. The same concept goes to entrepreneurship, skills are not the only thing we need to consider when choosing teammates, but more importantly, personality and determination. It is the cohesion and perseverance of the team.
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Wow, your observation about the Japan vs. Iraq soccer match is thought-provoking. It makes me reflect on the importance of personality and determination in building a strong team, not just individual talents. It’s just like entrepreneurship, where the power of teamwork and perseverance are important.
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One of the most captivating stories in New Zealand rugby history revolves around the legendary All Blacks, particularly their tradition of performing the “haka” before each game. The haka, a traditional Māori war dance, became a symbol of New Zealand’s rugby identity and a global phenomenon.
A particularly memorable moment occurred during the 2015 Rugby World Cup. Before their final match against Australia, the All Blacks performed the haka with such intensity and passion that it visibly intimidated their opponents. This match was also significant as it marked the end of an era for several key players, including Richie McCaw and Dan Carter, who are among the greatest rugby players of all time. The All Blacks went on to win the match, securing their status as one of the most successful teams in rugby history.
In the world of entrepreneurship, like in the haka, preparation, team unity, and a clear demonstration of intent are crucial. Just as the All Blacks use the haka to mentally and emotionally prepare for the challenge ahead, setting the tone for the game, entrepreneurs must prepare their strategies and team dynamics to face the competitive market. The haka’s embodiment of cultural identity also parallels how successful businesses often embed their core values and identity into every aspect of their operations.
Moreover, the global recognition of the haka mirrors how unique, culturally-rooted business practices can distinguish an enterprise in a crowded marketplace. It symbolizes the power of authenticity and heritage in creating a lasting brand impact, just as the haka has become a globally recognized symbol of New Zealand’s rugby prowess and cultural strength.
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This story is truly captivating! It’s incredible how their haka visibly intimidated their opponents. It’s also remarkable how a sports ritual can offer valuable insights into business dynamics.
What resonates with me is the idea of setting the tone – just as the haka does for the All Blacks, entrepreneurs need to establish a clear intent and unity within their teams.
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Good story! I think core values and corporate image are important both inwardly and outwardly, inwardly to reinforce the stability of the company in the competition, and outwardly to improve the user stickiness, some good companies can make users think of it when they mention a certain keyword.
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About “Customers, users, exiting fan base”
Nirmal Purja, known as Nimsdai, is a Nepal-born naturalised British mountaineer. He is notable for having climbed all 14 eight-thousanders (peaks above 8,000 metres or 26,000 feet) in a time of six months and six days. He calls it, Project Possible.
However, for the last mountain Shishapangma, located in Tibet, China. He couldn’t get the allowance from the local government, due to extreme weather conditions and safety considerations. He made use of his influence on social media, Instagram, Facebook,ook, emailing friends’ friends, and eventually managed to have Nepalis government talk to the Tibetan local government to support this adventurous activity. In the meantime, more outdoors brands got to know his exploration challenge, and started to support and sponsor for his equipment and documentary production, which turned out to be one of the biggest news in mountaineering, and many people started to follow Nimsdai’s approach to do the same thing.
People often overestimate the amount of help they can get from the investors, but underestimate the support from the people around them and their customers. Living in the digital age, it’s crucial to take advantage of personal influence on social media or even a conversation during a flight. The unexpected encounters sometimes offer you more opportunities.
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Story 1: Do it anyway_Alain Mimoun’s 1956 Olympic triumph
During a hugely accomplished career, Alain Mimoun had won a raft of international silver medals without ever being able to translate his undoubted talent to the top rung of the podium.
For so much of his career, the Algerian-born French athlete had to play second fiddle to the Czech running colossus Emil Zatopek. At the 1948 London Olympics, Mimoun earned 10,000m silver behind Zatopek with a repeat performance occurring over 5000m and 10,000m at the 1952 Helsinki Olympics.
A foot injury denied him the chance to compete at the 1954 European Championships and after placing a disappointing 12th in the 10,000m final at the 1956 Melbourne Games few gave him a chance in the men’s marathon.
However, on his debut over the 42.2km distance, Mimoun, who was wearing his lucky number 13, finally emerged out of Zatopek’s shadow. With an outstanding display in temperatures of 38C, he struck gold and defeated the Czech great, who, on this occasion, had to settle for sixth.
Post-race, Zatopek saluted Mimoun and embraced him. “For me,” Mimoun recalled, “that was better than the medal.” He had a deep love for the sport and a determination to keep going, even in the face of challenges. This can serve as a reminder that success often requires a commitment to our passions and a willingness to persist through difficult times.
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Yes, I think there must be countless failed attempts behind success. The one who persists until the end will have the last laugh.
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Care
Dirk Nowitzki, born in Würzburg, Germany, emerged as one of the greatest basketball players in the history of the NBA. His story is characterized by a deep passion and commitment for basketball. As a European player entering the NBA, a league traditionally dominated by American athletes he had challanges of a differnt sport culuture with different rules to overcome. However, his dedication to the sport and relentless work ethic allowed him to not only adapt but also thrive at the highest level.
He was known for his intense training routines. His commitment went beyond the regular season, with reports of him practicing for hours on end. This dedication paid off in the 2010-2011 NBA season when Nowitzki led the Dallas Mavericks to an NBA championship, earning himself the Finals MVP Best Player award.
The example of Nowitzki shows that if you show care and dedication for a sport you can succeed in it even when some people look at you as you are a crazy person. But as long as you love what you do best, succeeding in it is your best option.
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good story! it shows that if you really love what you do it doesnt matter what happens, you will enjoy putting in the hours to succeed!
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Care
Dirk Nowitzki, born in Würzburg, Germany, emerged as one of the greatest basketball players in the history of the NBA. His story is characterized by a deep passion and commitment for basketball. As a European player entering the NBA, a league traditionally dominated by American athletes he had challanges of a differnt sport culuture with different rules to overcome. However, his dedication to the sport and relentless work ethic allowed him to not only adapt but also thrive at the highest level.
He was known for his intense training routines. His commitment went beyond the regular season, with reports of him practicing for hours on end. This dedication paid off in the 2010-2011 NBA season when Nowitzki led the Dallas Mavericks to an NBA championship, earning himself the Finals MVP Best Player award.
The example of Nowitzki shows that if you show care and dedication for a sport you can succeed in it even when some people look at you as you are a crazy person. But as long as you love what you do best, succeeding in it is your best option.
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Story 2: Trust and friendship
In 2021 Olympic, Qatar’s Mutaz Essa Barshim and Italy’s Gianmarco Tamberi agree to share the high jump gold medal. Both high jumpers, who are also good friends, failed to clear 2.39m during their event and, as they shared identical records, were primed to go to a jump-off in order to determine the winner. However, when Barshim’s ask of Olympic officials for them both to share the gold medal was met with a positive response, the two athletes provided the world with one of the most memorable celebrations of these Games.
Winning isn’t always about beating or dominating opponents. Instead, victories can come in many different guises — not just being “first.” Barshim and Tamberi provided the world with a first-class lesson in the spirit of unity and togetherness enshrined in the Olympic Oath.
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I really love this story! it shows that not everything has to come at the expense of another and that through care and cooperation not only can we win but make something better! thank you for reminding me of this sotry!
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I am not sure I agree. I remember watching the video and the first thing I though was MEDIOCRE. A true winner and competitor would have gone to the jump off and won. I cant imagine players like Nadal, Jordan, Tiger Woods and so many others doing that. What gives value to the gold medal is that you are the only one who wins it. If they were to give a gold medal to every person in the world, it would lose its value…
In life you have to be prepared to be a stone cold killer, business is no different.
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Story 3: Care
Twenty-three-year-old tennis superstar Osaka shocked the world in June when she withdrew from the French Open to focus on her mental health. The move came after she refused to conduct a press conference at the tournament, and was penalized with a $15,000 fine, Not only did Osaka make it “O.K. to not be O.K.” but the move also highlighted the shift towards greater athlete power in the global business of sports entertainment.
Looking after mental health is vitally important and underscores the humanity of workers across all industries as living systems–not machines that can operate ad infinitum without maintenance, rest, and recovery. Good leaders recognize when there is a need to pause and take a step back to safeguard themselves or their teams. Osaka’s willingness to take a stance and stand up to help destigmatize mental health will have long-term and wide-ranging repercussions that can positively impact wider workforces in and outside of the sports world.
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Naomi Osaka’s story is not only a testament to an elite athlete’s focus on personal health but also embodies an essential entrepreneurial spirit: the courage to challenge the status quo and change the rules. Her decision to withdraw from the French Open to focus on her mental health broke the conventional expectation of athletes conforming unconditionally to the existing system in a field traditionally emphasizing public image and media engagement.
In the business world, this attitude of challenging traditions and prioritizing the well-being of individuals and teams is equally important. A company’s success is not just built on its business model or technological innovations but also on a culture of sustainable development and employee welfare. Osaka’s example encourages leaders to rethink the balance between business objectives and the health and happiness of their team members.
Moreover, her actions reflect a redistribution of conversational power. In a business context, this can be seen as a trend towards employee empowerment and encouraging staff participation in decision-making. By listening to and respecting the voices of team members, businesses can create healthier, more inclusive, and innovative work environments, which are crucial for long-term commercial success.
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Having immersed myself in the world of volleyball for an extended period, I’ve discovered numerous parallels that can be translated into an entrepreneurial context.
In volleyball, the setter assumes a crucial role, determining where to direct the ball, and these decisions shape the outcome of the match. When faced with the choice of where to pass the ball, the setter must consider a multitude of factors, with the skill level of teammates taking precedence. Opting to favor the best player might seem logical, yet it introduces predictability. Occasionally, directing the ball to a different, perhaps less skilled player, can yield benefits in terms of unpredictability.
The metaphor here is clear: opting to pursue a trending idea, akin to favoring the best player, may be the optimal choice despite the competition. However, there are instances where developing a different, lesser-known idea could prove to be the path to success.
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I agree with you. Indeed, almost all successful business cases break through the inherent model and propose innovative new models. Unexplored business markets also often mean a lack of large numbers of competitors, which is a great advantage for start-ups.
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Great Metaphor, i think the key is in balancing those decitions, being able to redirect the ball in the direction that moment of play asks for. Maybe when we are younger is the time to pursue the riskier options, while as we grow old we become more confortable in the secure choice
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Story 1: LYDIA LASSILA——INJURY TO ENTERPRISE
Lydia Lassila retires as an Olympic freestyle skiing gold medalist with injuries threatening her career. While battling setbacks, a lightbulb moment allowed Lydia to turn her injury into an opportunity and continue developing the BodyICE range of heat and ice packs designed specifically for athletes.
After the accident, Lydia Lassila sat in the cafeteria of the Turin Olympic Village, feeling very painful. She had a plastic bag on her knees and her legs were balanced on some chairs. But the bag leaked and it was everywhere. She was like, ‘ Someone should make a decent ice pack that stays cold and doesn’t fall off my knee!’. So the Australian used her experience as an athlete to develop his own products, developing the BodyICE range of hot and ice packs to turn injuries into a career.
This story teaches us that even though sometimes bad times happen, we can still find opportunities in challenges and turn the entire situation around. At the same time, we can also realize that we don’t need fancy or special circumstances to carry out our business activities. Even solving some trivial needs in life can quickly be expanded into a big business blueprint.
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Story 2: Luckin—luck and strength
Luckin Coffee always pays keen and forward-looking attention to the commercial value potential of every athlete, and uses leading strategies to seize consumers’ minds to promote sports topics during the warm-up cycle. In this process, Luckin will match the corresponding endorsement products based on the characteristics of different athletes.
For example, based on Liu Genghong’s image as a “walking textbook fitness coach”, he was invited to promote 0-calorie milk coffee and refreshing ice cream products; another example is the insight into the sports growth and self-discipline of the talented girl Gu Ailing, whose sports spirit inspires contemporary women consumer.
Luckin Coffee’s sports marketing embodies the following aspects of business strategy: 1) “strategic planning and understanding” – this involves understanding market dynamics and consumer behavior and then formulating a coherent strategy;
2) “Adapt to the digital age” – Luckin Coffee leverages digital marketing strategies to expand its reach and engagement, leveraging social media and online platforms to connect with consumers, and promoting its brand through sports celebrities
and 3) “Leverage unique strengths” – Luckin Coffee does this by matching athletes’ unique attributes with their products, ensuring it resonates with its target audience
Its success is the inevitable result of its all-round layout in advance based on long-term research and prediction.
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Nice case lol
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Story 2: Luckin—luck and strengthLuckin Coffee always pays keen and forward-looking attention to the commercial value potential of every athlete, and uses leading strategies to seize consumers’ minds to promote sports topics during the warm-up cycle. In this process, Luckin will match the corresponding endorsement products based on the characteristics of different athletes.
For example, based on Liu Genghong’s image as a “walking textbook fitness coach”, he was invited to promote 0-calorie milk coffee and refreshing ice cream products; another example is the insight into the sports growth and self-discipline of the talented girl Gu Ailing, whose sports spirit inspires contemporary women consumer.
Luckin Coffee’s sports marketing embodies the following aspects of business strategy: 1) “strategic planning and understanding” – this involves understanding market dynamics and consumer behavior and then formulating a coherent strategy;2) “Adapt to the digital age” – Luckin Coffee leverages digital marketing strategies to expand its reach and engagement, leveraging social media and online platforms to connect with consumers, and promoting its brand through sports celebritiesand 3) “Leverage unique strengths” – Luckin Coffee does this by matching athletes’ unique attributes with their products, ensuring it resonates with its target audience
Its success is the inevitable result of its all-round layout in advance based on long-term research and prediction.
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Story 2: Luckin—luck and strength
Luckin Coffee always pays keen and forward-looking attention to the commercial value potential of every athlete, and uses leading strategies to seize consumers’ minds to promote sports topics during the warm-up cycle. In this process, Luckin will match the corresponding endorsement products based on the characteristics of different athletes.
For example, based on Liu Genghong’s image as a “walking textbook fitness coach”, he was invited to promote 0-calorie milk coffee and refreshing ice cream products; another example is the insight into the sports growth and self-discipline of the talented girl Gu Ailing, whose sports spirit inspires contemporary women consumer.
Luckin Coffee’s sports marketing embodies the following aspects of business strategy: 1) “strategic planning and understanding” – this involves understanding market dynamics and consumer behavior and then formulating a coherent strategy;
2) “Adapt to the digital age” – Luckin Coffee leverages digital marketing strategies to expand its reach and engagement, leveraging social media and online platforms to connect with consumers, and promoting its brand through sports celebrities
and 3) “Leverage unique strengths” – Luckin Coffee does this by matching athletes’ unique attributes with their products, ensuring it resonates with its target audience
Its success is the inevitable result of its all-round layout in advance based on long-term research and prediction.
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Story 3：MIKE DAWSON—— Love as driving force
New Zealand paddler Mike Dawson had his Olympic funds cut after finishing 28th at the 2015 World Championships, so he and girlfriend Martina Wegman sorted out what he had in the past 22 recipes from travels around the world, as well as anecdotes from his various kayaking adventures. The cookbook has sold nearly 700 copies and his website, http://www.supportmikedawson.com, has received several large donations over the past few months.
“My cookbook was a way to self-fund my campaign and get me as much time on the Rio course as possible and it was successful beyond my wildest dreams” he said. In preparation for the Rio Olympics, he teamed up with local kayaker Pepe Goncalves to distribute food parcels in the city’s favelas. He felt helping feed locals was a fitting way to repay the support he had received.
By writing a cookbook to fund his Olympic campaign, Dawson demonstrated a strategic use of available resources, while an initiative to give back to the local community by distributing food in Rio de Janeiro’s favelas was in line with the principles of community engagement and building support networks. Dawson’s experience reflects his ability to continually adapt to changing circumstances and his resilience in the face of adversity.
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Thank you for the inspiring story. This story shows that entrepreneurship is not restricted to the business sector; it can be applied to pursue one’s life dream as well.
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Dawson’s strategic approach to utilizing available resources showcases his entrepreneurial mindset. Moreover, his commitment to giving back to the community, demonstrated by distributing food parcels in Rio de Janeiro’s favelas, exemplifies the principles of community engagement and building a support network. This multi-faceted initiative not only contributed to his Olympic preparation but also reflected a genuine desire to reciprocate the support he received.
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Mike Dawson’s story underscores the importance of adaptability and resilience in the face of adversity. By embracing a creative solution to financial challenges and extending a helping hand to the local community, he exemplifies how love and determination can drive success and positively impact both personal goals and the wider community.
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What kinds of failure are real failure
In the entrepreneurial process, failure can be viewed from various perspectives. There is business failure, such as a product not being profitable; technical failure, where the product has challenging technical flaws; or reputation failure, like a product with high usage but facing a wave of negative reviews.
miHoYo’s first game “Fly Me 2 The Moon” surpassed other games of its kind in production quality. However, as the game operated on a buyout model and faced rampant piracy in the market, its revenue couldn’t even cover the full salaries of the production team. Despite this, the outstanding quality indirectly paved the way for the first and only investment. The subsequent products were not subjected to investment not because of a decline in quality but due to their high profitability, allowing the company to rely on product earnings for development and innovation without external investments.
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The story of miHoYo and their first game “Fly Me 2 The Moon” highlights a critical aspect of entrepreneurial spirit: the ability to derive value from failure. While the game faced commercial failure due to the buyout model and rampant piracy, leading to revenue not covering production costs, it’s important to recognize the indirect success it brought. The high production quality, despite its initial financial setback, attracted the company’s first and only investment.
This scenario underscores the importance of quality and innovation in entrepreneurship, even in the face of financial failure. It’s a testament to the fact that not all failures are definitive setbacks. Sometimes, what seems like a failure in one aspect can open doors in another. miHoYo’s experience demonstrates that perseverance and commitment to quality can lead to long-term success, even if the immediate results don’t reflect the effort and investment. This approach, valuing the process and potential of a product beyond its immediate financial returns, is a vital entrepreneurial lesson. It highlights that real failure might not be about financial loss but failing to learn and grow from challenging experiences.
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Story 1: Never Give Up (Messi)
In the 2022 Qatar World Cup Final, Argentina was dominating France and it seemed impossible for them to miss out on the win. But suddenly, Mbappe scored 2 goals in less than 2 minutes (https://www.youtube.com/watch?v=OiXp882Z_Kc), making the game level again and crushing Argentina´s hope for a World Cup title. The interesting thing is that Messi was about to drop down to his knees in total defeat, but just centimeters before his knees touched the ground, he picked himself up (https://www.youtube.com/shorts/fo-hI9GbxF8), willing to continue the fight. In the end, Argentina ended up winning the match, and the message here is that even in the hardest times, YOU NEVER GIVE UP.
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Good example, the “never give up” tagline also reminds me of the recent Netflix movie of Diana Nyad, who sets out at 60 year olds to achieve a nearly impossible lifelong dream: to swim from Cuba to Florida across more than 100 miles of open ocean. And on her fifth attempt and at the age of 64, she succeeded and became the first to do so without the aid of a shark cage.
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Story 2: Train 4 years, Compete 10 seconds
This is more of a general story that applies to every track runner, but for the purpose of the story, I will focus on history ́s best, Usain Bolt. The man spent 4 years training, every single day, following diets and workout routines, missing on so many things to focus on his objective : Being the best. But the actual time he spent being the best, was the 9 or 10 seconds it took him to run those 100m. That proportion is insane. Training for 4 years to compete for only 10 seconds. This is where you realize that preparation is everything, and that most of the work successful people put in, is usually behind closed doors
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I love this example by Bolt, as people tend to forget about all the hard work that is required to become successful in any area of life. The same thing applies to entrepreneurial ventures, you need lots of preparation and working in iterations to reach success. In the end however, if you believe in yourself (or your idea) and put in the effort, you can reach anything – just like he did becoming the greatest sprinter of all time.
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Story 3: Form the Fuerte Apache to Old Trafford
Carlos Tevez is a well known Argentinian football player. Argentina is one of the best countries regarding football players produced. Most of them come from very poor neighborhoods and grew up in conditions that people wouldn’t believe. I´m talking no food, crime, drugs and so much more. This might sound bad, but the thing that makes them so great is the desire to get out of that horrible economic situation, and being able to help their families get out of poverty. With his first salary, Carlitos bought a house to take his family out of the villa (Hood). He ended up playing in lots of European teams and winning multiple trophies, especially with Manchester United. What might seem as a disadvantage at first sight, might be what is giving these football players the mentality to become great and succeed in their careers. This phenomena can also be seen in other countries of Latin America such as Colombia or Brazil.
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Story 1: The Innovation Relay Race:
Imagine an entrepreneurial relay race where the baton is not just passed but transformed. Entrepreneurs, like runners in a relay, exchange ideas and innovations instead of a physical baton. The race isn’t just about speed but about the seamless collaboration that propels each participant’s vision forward. In this high-stakes relay, the goal isn’t just to win; it’s to collectively push the boundaries of what’s possible.
Participants in this race aren’t just entrepreneurs; they are pioneers of change. The baton, representing groundbreaking ideas, travels from one entrepreneur to another, each contributing a unique element to the overall narrative. As the relay progresses, so does the impact, creating a ripple effect of innovation that extends far beyond individual ventures.
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F1 Racing & Innovation:
Like entrepreneurs in the business sector, F1 racing teams continually innovate to obtain an edge over others. Mercedes’ introduction of the Dual Axis Steering (DAS) technology in 2020 is a great example. This innovation allowed drivers to adjust the toe angle of the car’s wheels while driving, so improving tyre grip and performance. It highlights the value of inventive thinking and staying ahead of the competition in entrepreneurship.
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The Mercedes Formula 1 team’s introduction of the Dual Axis Steering (DAS) system in 2020 perfectly illustrates the parallels between innovation in sports and entrepreneurship. Just as entrepreneurs must constantly innovate to stay ahead in business, F1 teams like Mercedes innovate to gain a competitive edge on the race track. The DAS technology, allowing drivers to adjust the toe angle of the car’s wheels on the fly, improved tyre grip and performance, showcasing the ingenuity required to excel in high-performance environments.
This example highlights the importance of innovative thinking in any competitive field. In business, just like in F1 racing, staying ahead of the curve is crucial for success. The DAS innovation by Mercedes is not just a technical advancement; it represents the spirit of entrepreneurship – constantly seeking new solutions, embracing change, and leveraging technology to improve performance. It’s a powerful reminder that in the race of business, like in F1, the winners are often those who are willing to think differently and push the boundaries of what’s possible.
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This example goes to show the importance of constant innovation – not just ideation but also inventing and adopting cutting-edge technology in almost all industries.
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Story 2: Yuvraj Singh: The Silent Conqueror of Cancer on the Cricket Battlefield
In the world of cricket, where cheers echo through stadiums and every boundary is celebrated, there exists a tale of silent resilience and unwavering determination – the story of Yuvraj Singh, the silent conqueror.
In 2011, as cricket fans reveled in the excitement of the ICC Cricket World Cup, Yuvraj Singh was silently fighting a battle that extended beyond the boundaries of the cricket field. Unbeknownst to the world, he was combating a formidable opponent – cancer.
Amidst the roars of the crowd and the thrill of the game, Yuvraj Singh was undergoing rigorous treatments for a rare form of cancer. His body, which had once thrived on smashing sixes and taking crucial wickets, was now engaged in a different kind of battle.
During the World Cup, Yuvraj’s performances were nothing short of spectacular. His bat did the talking, and the world watched in awe as he played match-winning innings. Little did anyone know that each run scored and every boundary hit was a testament to a warrior’s spirit battling an adversary within.
The silent conqueror, Yuvraj Singh, managed to keep his personal struggle veiled from the public eye. The pain, the fatigue, and the emotional turmoil were concealed behind the façade of a cricketer giving his all for his team. His commitment to the game and the nation remained unwavering, even as he grappled with the harsh realities of chemotherapy.
Only after the victorious campaign, when the confetti settled and the World Cup was secured, did Yuvraj reveal the silent battle he had fought. The world stood in collective admiration, realizing that amidst the euphoria of triumph, a hero had silently conquered a foe more formidable than any opponent on the cricket field.
Yuvraj Singh’s silent conquest became a source of inspiration for millions. It taught us that battles are not always fought in the spotlight, and victories are not always accompanied by cheers. Sometimes, the most profound triumphs occur in the quietude of personal struggles, and true heroes emerge not just on the cricket pitch but in the depths of their silent battles against adversity.
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Climbing Mount Everest and tenacity:
Climbing Mount Everest is a testament to human perseverance, similar to an entrepreneur’s journey. The story of Ed Viesturs, the first American to climb all fourteen of the world’s 8000-meter peaks without using supplemental oxygen, demonstrates this. His determination and ability to overcome great challenges reflect the resilience and persistence required for success in the entrepreneurial world.
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Deng Yaping, renowned in the world of table tennis, is a compelling figure who defied conventional expectations. Despite being considered physically disadvantaged for the sport due to her height, Deng turned this perceived limitation into a strategic advantage. Her intense focus on skill development and tactical intelligence in the game led her to win four Olympic gold medals and numerous world championships. Deng’s story is a testament to how sheer determination and a relentless pursuit of excellence can lead to extraordinary achievements in the face of adversity.
Her journey exemplifies the entrepreneurial spirit of turning challenges into opportunities and leveraging unique strengths to carve out a path to success. In business, just as in sports, barriers can be overcome with persistence, innovation, and strategic thinking.
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Story 3: Mary Kom: A Mother’s Triumph
In the thrilling world of boxing, Mary Kom faced a challenge that went beyond the ring—a test of love and strength. In 2011, during the Asian Cup Women’s Boxing Tournament in China, Mary found herself caught between pursuing a gold medal and being there for her son, who needed critical surgery for a congenital heart condition.
Her son, battling a life-threatening heart issue, was admitted to a hospital in Chandigarh. The choice was heart-wrenching—stay by her son’s side or step into the boxing ring for the final match. Supported by her husband, K Onler Kom, Mary made the brave decision to compete, carrying the weight of the nation’s expectations and a mother’s concern.
K Onler Kom, understanding Mary’s dedication, convinced her to pursue her dream. He shouldered the emotional burden, urging her not to feel guilty but to promise to return with the gold medal. Their bond, a union of shared dreams and understanding, became the backbone of her decision.
In the ring, Mary fought fiercely against the Asian Champion, Kim Myong Sim, while her son underwent surgery miles away. Her victory was not just about strength but a triumph of love over fear and commitment over adversity.
As Mary returned to India with the gold medal, she rushed to the hospital. The surgery had been successful, both in the boxing arena and the operation theater. K Onler Kom expressed pride in her victory and her ability to navigate a complex situation with grace.
Mary Kom’s life goes beyond sporting achievements—it’s about personal sacrifices and triumphs. Her story illustrates the strength from love, resilience in adversity, and the unwavering spirit of a mother and a champion. Mary Kom’s tale resonates not just as a sporting legend but as a testament to a woman who conquered the ring and life’s toughest challenges with equal passion.
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Precision is key
When looking at people who boulder professionally, some might think that they are insanely strong – which of course they are. This is what I also thought before getting into the sport myself. Despite being quite strong, I struggled with even easy routes in gyms – as it turns out, the key to the sport is precision, the nitty-gritty technique to climbing. You need to use your legs more than your arms, as they are much stronger and have find the good holds and positions instead of pulling up yourself with pure power with your hand, which can lead to injuring yourself when slipping of (true story, and the flappers really hurt!). Instead, try to slow down, learn what you are facing and try to find the solutions based using precise plans and execute them – just like you would with a venture.
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In bouldering, a fascinating aspect is observed in skilled climbers who strategically alternate muscle relaxation. Following a demanding leap, they secure their position, gracefully transitioning to ease the strain on their feet, arms, and back. This rhythmic approach not only enhances individual performance but also mirrors the collaborative strength found in teamwork. 🙂
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Interactive thinking
Just like Tetris players rotate the next block around to help them think about the possibilities, I find myself in the same situation while trying to master bouldering – I try with different routes and combinations for positions and holds for the same problem while climbing. It helps to actively use my brain and come-up with ideas way faster than looking up to the wall from the ground and trying to figure out how I should do it exactly. It sometimes helps a lot engage in activities to activate our brains, especially when facing complex problems.
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Story 1: Decoding the Formula
In the world of Formula 1, Ayrton Senna stands out as a racing legend. Senna wasn’t just a skilled driver; he was a strategist on the track. His famous quote, “If you no longer go for a gap that exists, you’re no longer a racing driver,” reflects his calculated risk-taking.
Senna’s success wasn’t solely attributed to his speed but also to his meticulous analysis of races. He spent countless hours studying the performance of both his competitors and his own car. Senna’s ability to predict the outcomes of races and make split-second decisions demonstrated that we can derive some good entrepreneurship advice from racing, as it requires a combination of skill and strategic thinking.
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Amazing story, I agree. Another thing I would add to what made Senna one of the greatest in history, is HE HAD BALLS. In enterprenuership you have to be brave to take calculated risks, without going to far and becoming suicidal…
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Pole vaulting – using the environment to our advantage
The world record in high jump for males is 2.45m, whereas in pole vaulting it is 6.23 (held by a Swedish young man, Armand Duplantis, constantly breaking his own record in recent years!).
This significant difference is of course due to the different conditions – in high jump you only have your legs, but in pole vault, you use the pole to get as high as possible over the bar. It is however extremely difficult to use such pole effectively. Eventhough I participated in track and field for several years, I could hardly get over 4 metres despite having the option of using way longer poles. You have to use the given environment (in this case the pole) to your advantage, just as you would when starting a venture – exploit and use everything you can in your favor to proceed with your success.
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Phil Knight and the Nike Track
“Victory belongs to the most tenacious.” This phrase, often heard on sports fields, also served as a mantra for Nike’s founder Phil Knight. His journey began on the track fields of the University of Oregon, where as a mediocre long-distance runner, he didn’t achieve significant accolades. However, it was during these seemingly ordinary days that he nurtured a revolutionary idea. He noticed that quality running shoes could significantly improve an athlete’s performance, an insight that laid the foundation for his future creation of Nike. Just like an athlete enhances their performance through continuous training and self-challenge, Knight developed his entrepreneurial spirit through a deep understanding of the athletic footwear market.
Knight’s journey was far from smooth. In the early days of founding Nike, he faced significant financial risks and intense market competition. This was akin to a long-distance runner persevering through a long and challenging race. Despite numerous obstacles, Knight never gave up. He believed in his vision and continued to drive product innovation and brand development. This persistence and resilience are key qualities in entrepreneurship. Just like an athlete achieves greater heights by constantly surpassing their limits, Knight tirelessly worked to transform Nike into a globally recognized sports brand.
Knight’s story teaches us that even when facing great challenges, one should not give up on their dreams and convictions. His experience reflects a profound entrepreneurial spirit: unyielding, innovative, and unafraid of challenges. Just as he transitioned from a long-distance runner to a successful businessman, everyone has the capacity to exceed their limits and achieve greater successes. Nike’s story is not just about sports shoes; it represents a relentless pursuit of excellence and the spirit of continuously challenging oneself to new heights.
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Phil Knight and the Nike Track
Victory belongs to the most tenacious.” This phrase, often heard on sports fields, also served as a mantra for Nike’s founder Phil Knight. His journey began on the track fields of the University of Oregon, where as a mediocre long-distance runner, he didn’t achieve significant accolades. However, it was during these seemingly ordinary days that he nurtured a revolutionary idea. He noticed that quality running shoes could significantly improve an athlete’s performance, an insight that laid the foundation for his future creation of Nike. Just like an athlete enhances their performance through continuous training and self-challenge, Knight developed his entrepreneurial spirit through a deep understanding of the athletic footwear market.
Knight’s journey was far from smooth. In the early days of founding Nike, he faced significant financial risks and intense market competition. This was akin to a long-distance runner persevering through a long and challenging race. Despite numerous obstacles, Knight never gave up. He believed in his vision and continued to drive product innovation and brand development. This persistence and resilience are key qualities in entrepreneurship. Just like an athlete achieves greater heights by constantly surpassing their limits, Knight tirelessly worked to transform Nike into a globally recognized sports brand.
Knight’s story teaches us that even when facing great challenges, one should not give up on their dreams and convictions. His experience reflects a profound entrepreneurial spirit: unyielding, innovative, and unafraid of challenges. Just as he transitioned from a long-distance runner to a successful businessman, everyone has the capacity to exceed their limits and achieve greater successes. Nike’s story is not just about sports shoes; it represents a relentless pursuit of excellence and the spirit of continuously challenging oneself to new heights.
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Eliud Kipchoge, the renowned marathon runner, embarked on a quest to achieve the unthinkable: running a marathon in under two hours. His dedicated team meticulously analyzed every variable, from weather conditions to the pace of the supporting car, applying advanced analytics to enhance his performance. This systematic and logical approach mirrored the strategic planning seen in other fields, emphasizing the importance of focusing on what matters. Just as a solid foundation is crucial for any entrepreneurial venture, Kipchoge’s pursuit showcased the significance of meticulous planning, data-driven decision-making, and a balanced approach to achieve extraordinary goals.
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Ultramarathon runner Scott Jurek’s extraordinary feats are not just a testament to physical endurance but a profound alignment of beliefs. From conquering deadly races to setting records, Jurek’s motivation stems from a holistic approach. His plant-based diet aligns with his conviction about performance and recovery, while running becomes a coping mechanism for personal struggles. This alignment extends to a deep connection with the surroundings during extreme races. Jurek’s story inspires reflection on the power of aligning diverse beliefs, creating a multifaceted motivation that propels individuals towards exceptional achievements.
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In charity runs and marathons, individuals transform into powerful motivators with a shared goal: creating a positive impact in response to societal problems. Participants, including newcomers to running, join forces to raise awareness and collect funds. The addition of costumes adds a fun twist, turning these runs into lively spectacles. Figures like Lloyd Scott, who raised £11 million for charity during the London Marathon in a costume, exemplify the potent fusion of enjoyment and altruism. Each step becomes a motivational contribution, showcasing the beauty of individuals motivated by real-world issues to make a meaningful impact on the causes they passionately support.
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