Whenever I come up with a new business idea, I use McKnight’s Score Card to tweak it. It is an amazing tool to identify potential pitfalls and bottle necks right at the gate, and morph the original idea into something much more water tight. It gives me an amazingly resilient first two years, which make a huge difference.
We are the only multicultural country of significant size. Most other countries are tiny when compared to the size of our market. Just 10 languages can give you more than 50% global coverage. What we need are the mindset and an ecosystem.
In the last five posts, I argued that we have just entered the idea age, another renaissance, and what can we do to prepare for it. This post is about the unique risks that idea age is bringing to your business/career.
Buckminster Fuller (of buckyballs) said “controlled time is our true wealth”. To him, wealth is the time span for which we can maintain our desired lifestyle without having to spend time making money. During the dot-com bubble, Silicon Valley came up with Fuck-you Money. For them, it is the amount of money you need in your hand before you can stop working for your living.
If you are, like me, don’t have an inheritance or a nest egg to see you through the rest of your life on this planet with your present level of creature comforts, it is a good idea to start a business. That is, if you haven’t started one already. If you run a business or planning to start one, this blog post will answer the all important ‘how to name it’ question.