Daily Archives: September 28, 2015

Yesterday I stumbled across an article with an interview with 91-year-old entrepreneur Jack Nadel. During the last 70 years he has been able to achieve a sustainable success in a wide range of different industries worldwide, creating millions of dollars in profits. In this article he shared his three most valuable lessons to know when starting and managing your company.

These are his lessons:

• Find a need and fill it
• Don’t let your ego get in the way
• Most successful entrepreneur aren’t geniuses

All of these lessons seem quite simple and I don’t think it’s anything revolutionary for anyone taking this course. But reflecting a bit more over the meaning of these lessons I realized that we maybe look at it in the wrong way. We want to hear some complex and complicated lessons because we think this is something complex and complicated. But in reality all of us could start a company just by finding a need and filling it and never doubt ourselves.

/Felix

In most courses, you get specific information on what your project should be about and some information on what you have to do for reaching different grades. What I like about this project is that nothing is given to us. We don’t have any specific “problem” to solve. We have to come up with an business idea by ourselves, we have to agree on that idea as a group and form the project group together.

I think its a great exercise for real life situations. Entrepreneurship is not all about getting a great idea and earn money. This stuff are things all entrepreneurs have to deal with. You need to formate your group. There is no teacher who will tell you what to do and there is no facit.

You could have a great mind, but if you are not able to lead the company of yours, you will not succeed.

Hi all,

I found this thing called Techstar while reading about accelerator companies online. Techstar is a global eco system that is built for entrepreneurs all over the world. Techstar provides accelerators, venture capital and an enormous entrepreneurial network. They encourage people to build their businesses wherever they live and invest in you as an entrepreneur and not necessarily the business that you are in.

I think it is perfect for entrepreneurs to be able to visit such events where they can get the chance to meet with other entrepreneurs and also get the chance to be funded. According to Techstar 89 % of the accelerator companies are still active or has been acquired which I think is a quite good number. Currently in Europe they have programs in Berlin and London but hopefully (if they consider all tech startups) they will host a programme in Stockholm as well.

Check it out!