Thursday, December 14, 2006

K@W: Innovation and Entrepreneurship

Just came across this article and found quite interesting.

http://knowledge.wharton.upenn.edu/article.cfm?articleid=1623&CFID=2567255&CFTOKEN=90452463

Following are the takeaways for me.

  • Entrepreneurs not only take risk, but also manage it well.
  • There are no special qualities they posses. Its the drive and passion to take on makes them one.
  • Check out how much you got to lose if you start something on your own. Its better to have as low liabilities as possible.
  • Follow the KISS - Keep It Simple Stupid principle. No fancy GUI without value addition.

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