Entrepreneurial Operating System (EOS): An Entrepreneurial operating system represents the foundational elements of a business for a founder. We are aware of some of the terms as Business Modle Canvas, business plan, pitch deck etc. They represent the strategic side of a business. However, while you do the strategic work, the operational work cannot be compromised.
Entrepreneur Vs manager: No matter what people say, these two are completely different skillsets. At times, a manager might display the characteristics of an entrepreneur and vice versa. However, the roles, their expectations and purpose are completely different. They are expected to take on different persona and the corresponding characteristics are different. As an entrepreneur, I gravitate more towards the definition of an entrepreneur and at times can sound harsh about a manager. But the roles are highly important and enable success in an organisation.
This quote by Mahatma Gandhi talks about the social aspect of serving others and the personal aspect of finding your purpose. Finding purpose is a difficult question and many guides and coaches are working on it, it sometimes feels like a lost cause. Most guidance we receive about finding ourselves tends to be generic and unhelpful.
Difference between entrepreneur and intrapreneur: They both sound similar but are fundamentally different considering the environment they work in. We all know that both entrepreneurs and intrapreneurs take risks. They both risk putting their idea in front, investing time and energy to create something new.
Entrepreneurship involves a significant level of risk-taking, and understanding and managing those risks is crucial for success. In this article, we’ll explore the different types of risks associated with entrepreneurship and how entrepreneurs can manage them effectively.
Fabian Entrepreneurs are founders or business owners who are cautious and skeptical of change and innovation. This sounds counterintuitive to entrepreneurship because startups and new businesses are characterised by creativity and change. However, once a business identifies its sources of revenue, change is not easy. Any change comes at a cost and Fabian Entrepreneurs are afraid that these changes might cost them revenue or loss of market share.
Not Having Enough Time: We are always busy – too many things clamouring for attention. This makes managing time and stress very difficult. However, it is a pertinent problem – big enough to ensure that we must do something about it. Or else we constantly run a risk of being overwhelmed, stressed and not having enough time for the things that we want to do.
This is a beautiful Ted Talk by Tim Urban that talks about the power of procrastination. We’ve often referred to procrastination as a bad thing. The talk shows procrastination in a different light by connecting it to the power of creativity, building up thoughts in our minds in the background.
Time isn’t the main thing: Today’s inspiration is from a time management quote from Miles Davis. Not only is time the most evenly spread out resource in the world, but it is also the most scarce. In this article, we talk about the challenges of the paucity of time to ensure that we have enough opportunities for the most important things.
How to stop procrastinating: This article takes you through key steps to address the question – how to stop procrastinating? With procrastination being the number one reason for incomplete projects, you can prevent this trap by following the steps in this article. These steps are grouped together to derive beneficial actions. Key points touched on in this article are grouping tasks, making small improvements and creating a plan for delivery.