Nothing is easy, but everything is possible!

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Dreamgineering was in an exhibition about Entrepreneur Creation in Royal Coin Cabinet yesterday!

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The exhibition takes a new approach on entrepreneurship and how entrepreneurs are involved in changing and affecting our lives. We can meet creative people and entrepreneurs from 400 years to today in the exhibition. Some cases really inspired us by their success, setbacks, endless perseverance and sense of timing.

 

Here are some interesting points in the exhibition:

Try to have two strings on the bow

Many entrepreneurs just come up with a new idea and they stick with it throughout their entire career. It’s lot more easily for them to fail since they put all the eggs in one basket. Try to be the ones who keep coming up with new thoughts, starting multiple businesses or buying up existing companies. These people are known as serial entrepreneurs.

Cutting-edge Ideas & Timing

The particular time when a new idea is launched is decisive to its success. (I can’t agree with the saying “timing is everything” more, especially after the assignment Idea Screening.)  Owing to the fact that the ideas are often at the forefront, and this means that those ideas sometimes challenge laws and take substantial risk. But if ones can conquer the difficulties after several attempts and make it economically viable, it’s most likely for them to be very successful.

Intrapreneurship

Intrapreneurs are the employees in the company who work with creative projects of their choice as part of their job. They are just like the entrepreneurs in the organizations. Sometimes it’s a good thing to have an intrapreneurship in a company since they can profit the company. But sometimes the Intrapreneurs will start their own business and leave the original company. A classic case for intrapreneurship is that the founders of Adobe, Charles Geschke and John Warnock were employees of Xerox before.

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It was good to meet a lot of entrepreneurs throughout the history and know different perspectives of entrepreneurship. All in all, nothing is easy, but everything is possible! In every case, key words are innovation, collaboration, creativity and curiosity.

Find more in Peter’s post!

#Dreamgineering

Myntkabinettet: Timing and Motivation

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Danny and I visited The Royal Coin Cabinet yesterday where they had a temporary exhibit on Entrepreneurship.

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It was actually quite inspiring to read stories of past entrepreneurs while further cultivating more motivation to begin my entrepreneurial career.

I would like to bring up 2 of the most important take away messages, timing and motivation, among other things.

We’ve touched on timing here in there in class sporadically and this exhibition really helped put it into perspective. You could have a brilliant idea, but if it is ill-timed, you may not have a market or customer for it. Likewise, you could possibly stumble across the right opportunity at the right time. Take for example Spotify. After the Pirate Bay was raided by police in 2006, two guys saw the need for free online music, hence Spotify was born. The exhibit had more excellent advice on timing:

1. Timing requires preparation

2. Timing sometimes involves pushing the boundaries

3. Timing is often about having the most modern offering

Motivation is hard to cultivate and pinpoint, but also maintain. There is a reason each one of us has chosen to take this course. Maybe it is because you believe starting a company will result in money in the long run. Maybe you believe in a cause. Whatever it may be, your individual motivation is a driving force that is important to never forget as you go through your entrepreneurial journey. I took an interactive Motivation Test and this is what I got:

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The exhibition’s thoughts on motivation (sorry intopreneur.com doesn’t allow me to rotate the pic):

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What is your motivation?