{"id":21,"date":"2006-02-13T00:36:00","date_gmt":"2006-02-13T00:36:00","guid":{"rendered":"https:\/\/ebizz.wordpress.com\/2006\/02\/13\/10-steps-of-entrepreneurship-guy-kawasaki\/"},"modified":"2006-02-13T00:36:00","modified_gmt":"2006-02-13T00:36:00","slug":"10-steps-of-entrepreneurship-guy-kawasaki","status":"publish","type":"post","link":"https:\/\/www.chris-salazar.com\/blog\/10-steps-of-entrepreneurship-guy-kawasaki\/","title":{"rendered":"10 Steps of Entrepreneurship &#8211; Guy Kawasaki"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/photos1.blogger.com\/blogger\/6610\/1459\/1600\/sj-mlklib-a.jpg\"><img decoding=\"async\" border=\"0\" align=\"left\" src=\"https:\/\/i0.wp.com\/photos1.blogger.com\/blogger\/6610\/1459\/200\/sj-mlklib-a.jpg?w=697\" data-recalc-dims=\"1\" \/><\/a>I recently attended a presentation by <a href=\"http:\/\/blog.guykawasaki.com\">Guy Kawasaki<\/a>, author of &ldquo;<a href=\"http:\/\/www.amazon.com\/gp\/product\/1591840562\/ref=sib_rdr_dp\/103-5408146-8797425?%5Fencoding=UTF8&amp;me=ATVPDKIKX0DER&amp;no=283155&amp;st=books&amp;n=283155\">The Art of the Start<\/a>,&rdquo; at the new Martin Luther King Jr. Library in San Jose. His presentation was organized around the thought of entrepreneurship.<\/p>\n<p>Mr. Kawasaki is an experienced business professional working at Apple for several years and starting many successful businesses. He now runs his own VC firm searching for new talented entrepreneurs. In fact, he provided his audience with a look into what he feels are the 10 steps entrepreneurs must take to be successful.<\/p>\n<p>Step 1: Make meaning, not money<br \/>\nThis is a very important distinction and should be the basis for any starting company. Entrepreneurs must solve a solution, which will improve our quality of life. This is a perfect foundation for a company as they begin to dive into the consumer world and create services\/products. In fact, this is part of knowing your consumer and knowing what they need. This will draws on the basics of marketing and business, yet some are more focused on making money that they forget about providing products\/services that add value and increase our quality of life.<\/p>\n<p>Step 2: Make a &ldquo;mantra&rdquo;<br \/>\nWhat is a mantra? Usually a mantra consists of 3 to 4 words that explain the meaning of your company. This should be easy enough to understand for all employees and should be the &ldquo;mission&rdquo; of your company. Mr. Kawasaki clearly does not like mission statements and has some valid points. In fact, during his presentation he displayed the follow, Wendy&rsquo;s mission statement:<\/p>\n<p>&ldquo;The mission of Wendy&rsquo;s is to deliver superior quality products and services for our customers and communities through leadership, innovation, and partnerships.&rdquo;<\/p>\n<p>He asked the question&hellip;&quot;When you go into Wendy&rsquo;s do you feel that you are participating in leadership, innovation and partnerships?&rdquo; I don&rsquo;t, do you? So, he says Wendy&rsquo;s should create a mantra, something like this: &ldquo;healthy fast food.&rdquo;<\/p>\n<p>Here are some good examples he gave:<\/p>\n<p>Federal Express: &ldquo;Peace of mind&rdquo;<br \/>\nNike: &ldquo;Authentic athletic performance&rdquo;<br \/>\nTarget: &ldquo;Democratize design&rdquo;<\/p>\n<p>Step 3: Get going (create a revolution!)<br \/>\nThe entrepreneurs should build a prototype and follow these three steps:<\/p>\n<ul>\n<li>*Think Differently<\/li>\n<li>*Polarize People<\/li>\n<li>*Find a few soul mates (3) to establish a business with<\/li>\n<\/ul>\n<p>Step 4: Define a business model<\/p>\n<ul>\n<li>* Be specific (Who is your customer? What are you doing? How? Why? )<\/li>\n<li>*Keep it simple (nothing fancy and to the point)<\/li>\n<li>*Ask women (ha ha ha! He suggests that women can provide an alternate view that men did not think of)<\/li>\n<\/ul>\n<p>Step 5: Weave a MAT<\/p>\n<ul>\n<li>Milestones &ndash; &ldquo;finish the design&rdquo;<\/li>\n<li>Assumptions &ndash; &ldquo;sales calls\/day, customer ROI&rdquo;<\/li>\n<li>Tasks &ndash; &ldquo;rent an office, perform a task to complete a milestone and test an assumption&rdquo;<\/li>\n<\/ul>\n<p>He suggested that several entrepreneurs make the mistake of focusing on the unimportant tasks of creating and maintaining a business, rather than on the Milestones. This is very important should be taken seriously by all. &ldquo;Weaving a MAT&rdquo; will keep a company on track and focused on their business model and ultimately their true meaning for providing solutions to their customers.<\/p>\n<p>Step 6: Build a product that is unique and of high value (i.e. Fandango)<br \/>\nHe suggested that several companies start off on two spectrums of a scale: either by creating a unique product and service with little value to the customer or creating a product that offers value but is not unique.<\/p>\n<p>So, entrepreneurs must strive to create a product that is BOTH unique and of high value to the customer&hellip;his example is Fandango. Why? Fandango offers the convenience of printing tickets at home, skipping the ticket lines at movie theatres, and saving time. This is especially true for parents with children&hellip;he exemplified the &ldquo;pain&rdquo; of taking his kids to the movies and not being able to see the movie due to a sold out crowd. BUT, this would not happen if he used Fandango. GENIOUS! Haha.<\/p>\n<p>Step 7: Follow the 10\/20\/30 Rule<br \/>\nThis is important not only to entrepreneurs, but to ALL. Here is how the rule works out:<\/p>\n<ul>\n<li>*The optimal number of slides for a PPT presentation is 10<\/li>\n<li>*The amount of time the presenter should speak is 20 minutes (allow 40 minutes for Q&amp;A)<\/li>\n<li>*The best font size is 30 (basically just divide the mean age of the audience by 2&hellip;*that was his joke* hahaha)<\/li>\n<li>Read more from Guy about his <a href=\"http:\/\/blog.guykawasaki.com\/2005\/12\/the_102030_rule.html\">10\/20\/30 Rule<\/a><\/li>\n<\/ul>\n<p>Step 8: Hire Effective People<br \/>\nA company needs people who love the product and want to do the job right. This creates a specific atmosphere that is ready for success. Not to mention, people who love the product probably are not too focused on making money and instead want to make meaning.<\/p>\n<p>In addition, he introduced a rule of thumb: higher better than yourself. This is plain and simple, if you consider yourself an &ldquo;A&rdquo; player, higher an &ldquo;A+&rdquo; player.<\/p>\n<p>Lastly, apply the &ldquo;shopping center&rdquo; test. Ask yourself one question, if you say this person at the mall would you 1) go up to him\/her and introduce yourself, 2) wait to see if you run into that person, or 3) go out the nearest exit and leave the mall? Well, you should want to go up to that person and introduce yourself&hellip;if not than that person is NOT the right candidate for the job.<\/p>\n<p>Step 9: Lower the barriers to adoption<br \/>\nA company should make it easy for others to adopt a product. Yes, the product can be a breakthrough and solve all of our problems but if we need a PhD to use it, then it is worthless. This again relates to knowing your customer&rsquo;s needs and wants. I cannot emphasize this enough&hellip;knowing your customer is key&hellip;consumer research is key. Another important factor is to embrace your Evangelists.<\/p>\n<p>Step 10: Seed the Clouds<br \/>\nEnable test drives and find the influencers. You need to create the product for the influencers, the IT managers, the Web Managers who NEED the product or service. These are the people who face the day-to-day problems and the people who will make the difference. Enable them to test drive your products and provide feedback.<\/p>\n<p>BONUS! Step 11: Be a Mensch<br \/>\nThere are three characteristics of mensch:<\/p>\n<ul>\n<li>*Help all people, even if they cannot help you (the pleasure of helping)<\/li>\n<li>*Do the right thing, the right way<\/li>\n<li>*Understand you have a moral obligation to society and pay back to society<\/li>\n<li>Read more from Guy about <a href=\"http:\/\/blog.guykawasaki.com\/2006\/02\/how_to_be_a_men.html\">&quot;How to be a Mensch&quot;<\/a><\/li>\n<\/ul>\n<p>Overall this presentation was very interesting and fun. If you would like more information about Guy Kawasaki, please visit: www.blog.guykawasaki.com<\/p>\n<p>Also, I am open to any of your comments and\/or suggestions. So, what do you say?<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"54\" src=\"http:\/\/beta.easyhitcounters.com\/counter\/index.php?u=christoper_info&amp;s=tiny\" alt=\"Web Site Counter\" height=\"13\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I recently attended a presentation by Guy Kawasaki, author of &ldquo;The Art of the Start,&rdquo; at the new Martin Luther King Jr. Library in San Jose. His presentation was organized around the thought of entrepreneurship. Mr. Kawasaki is an experienced business professional working at Apple for several years and starting many successful businesses. He now [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10 Steps of Entrepreneurship - Guy Kawasaki - Connecting Marketing Strategy and Digital Innovation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.chris-salazar.com\/blog\/10-steps-of-entrepreneurship-guy-kawasaki\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Steps of Entrepreneurship - Guy Kawasaki - Connecting Marketing Strategy and Digital Innovation\" \/>\n<meta property=\"og:description\" content=\"I recently attended a presentation by Guy Kawasaki, author of &ldquo;The Art of the Start,&rdquo; at the new Martin Luther King Jr. Library in San Jose. His presentation was organized around the thought of entrepreneurship. Mr. Kawasaki is an experienced business professional working at Apple for several years and starting many successful businesses. 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Now, before I continue, I know that many people may have blogs and indirectly making money.\u00a0 This is fine, but I have a problem with those who are running a blog, have Google\u2026","rel":"","context":"In &quot;Business Best Practices &amp; How To&quot;","block_context":{"text":"Business Best Practices &amp; How To","link":"https:\/\/www.chris-salazar.com\/blog\/category\/business-best-practices\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/photos1.blogger.com\/blogger\/6610\/1459\/1600\/mad_cartoon.1.gif?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":69,"url":"https:\/\/www.chris-salazar.com\/blog\/entrepreneurs-survival-kit\/","url_meta":{"origin":21,"position":1},"title":"Entrepreneur&#8217;s SURVIVAL KIT","author":"Chris Salazar","date":"23 October, 2006","format":false,"excerpt":"As an upcoming professional almost entering into the workforce, I am becoming more aware of consumer needs.\u00a0 Therefore, I am seeing a lot of business opportunities for entrepreneurs.\u00a0 In fact, I may want to start my own business in the near future, but how?\u00a0 Creating a new business takes a\u2026","rel":"","context":"In &quot;Digital Marketing&quot;","block_context":{"text":"Digital Marketing","link":"https:\/\/www.chris-salazar.com\/blog\/category\/digital-marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1482,"url":"https:\/\/www.chris-salazar.com\/blog\/steps-successful-online-website-redesign-4ds\/","url_meta":{"origin":21,"position":2},"title":"Steps for a Successful Online Website Redesign &#8211; The 4 Ds","author":"Chris Salazar","date":"10 March, 2017","format":false,"excerpt":"Back in 2008 (9 years ago!), I wrote about the steps for a \"Successful Project and Product Launch\" and to this day, I still follow them. The 4Ds have stuck with me through thick and thin and are bullet proof. I've used this model with different projects - small and\u2026","rel":"","context":"In &quot;Business Best Practices &amp; How To&quot;","block_context":{"text":"Business Best Practices &amp; How To","link":"https:\/\/www.chris-salazar.com\/blog\/category\/business-best-practices\/"},"img":{"alt_text":"Steps for a Successful Website Redesign Project","src":"https:\/\/i0.wp.com\/www.chris-salazar.com\/blog\/wp-content\/uploads\/2017\/03\/4-Ways-a-Website-Redesign-Can-Improve-Your-Digital-Marketing-NOW-1.jpg?fit=1146%2C924&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.chris-salazar.com\/blog\/wp-content\/uploads\/2017\/03\/4-Ways-a-Website-Redesign-Can-Improve-Your-Digital-Marketing-NOW-1.jpg?fit=1146%2C924&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.chris-salazar.com\/blog\/wp-content\/uploads\/2017\/03\/4-Ways-a-Website-Redesign-Can-Improve-Your-Digital-Marketing-NOW-1.jpg?fit=1146%2C924&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.chris-salazar.com\/blog\/wp-content\/uploads\/2017\/03\/4-Ways-a-Website-Redesign-Can-Improve-Your-Digital-Marketing-NOW-1.jpg?fit=1146%2C924&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.chris-salazar.com\/blog\/wp-content\/uploads\/2017\/03\/4-Ways-a-Website-Redesign-Can-Improve-Your-Digital-Marketing-NOW-1.jpg?fit=1146%2C924&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1318,"url":"https:\/\/www.chris-salazar.com\/blog\/tips-for-presenting-to-senior-management-and-executives\/","url_meta":{"origin":21,"position":3},"title":"Tips for Presenting to Senior Management and Executives","author":"Chris Salazar","date":"20 February, 2013","format":false,"excerpt":"Presenting to senior management and executives, especially at Fortune 500 Companies, can be career-defining. \u00a0Very few get the opportunity to interact with senior executives, therefore, following tips and best practices on how to make the best presentation is vital. There are many useful tips on the web, but some of\u2026","rel":"","context":"In &quot;Business Best Practices &amp; How To&quot;","block_context":{"text":"Business Best Practices &amp; How To","link":"https:\/\/www.chris-salazar.com\/blog\/category\/business-best-practices\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68,"url":"https:\/\/www.chris-salazar.com\/blog\/future-of-web-apps-summit-sf-2006-day-2\/","url_meta":{"origin":21,"position":4},"title":"Future of Web Apps Summit, SF 2006 (Day 2)","author":"Chris Salazar","date":"14 September, 2006","format":false,"excerpt":"Michael Arrington from http:\/\/www.techcrunch.com \"What\u2019s next for web apps: building tomorrow\u2019s Flickr\" (note I will have pictures of Michael's Winner's and Loser's soon..) Shared Attributes of Winners Passion for what they are doing Doing Something Extraordinary (Purple Cow) Removing serious friction Great Founder Dynamics (\"higher slow, fire fast\") Never Raised\u2026","rel":"","context":"In &quot;Digital Marketing&quot;","block_context":{"text":"Digital Marketing","link":"https:\/\/www.chris-salazar.com\/blog\/category\/digital-marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135,"url":"https:\/\/www.chris-salazar.com\/blog\/steps-to-a-successful-project-and-product-launch\/","url_meta":{"origin":21,"position":5},"title":"Steps to a SUCCESSFUL project and product launch","author":"Chris Salazar","date":"4 January, 2008","format":false,"excerpt":"2017 Update: I've been using the 4D Model for 9 years and it's still bullet proof. I recently adapted this for \"website redesigns\" in case you're looking for some help in that area. See my steps for a successful website redesign. -- Everywhere around me, people talk about being an\u2026","rel":"","context":"In &quot;Business Best Practices &amp; How To&quot;","block_context":{"text":"Business Best Practices &amp; How To","link":"https:\/\/www.chris-salazar.com\/blog\/category\/business-best-practices\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.chris-salazar.com\/blog\/wp-json\/wp\/v2\/posts\/21"}],"collection":[{"href":"https:\/\/www.chris-salazar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chris-salazar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chris-salazar.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chris-salazar.com\/blog\/wp-json\/wp\/v2\/comments?post=21"}],"version-history":[{"count":0,"href":"https:\/\/www.chris-salazar.com\/blog\/wp-json\/wp\/v2\/posts\/21\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chris-salazar.com\/blog\/wp-json\/wp\/v2\/media?parent=21"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chris-salazar.com\/blog\/wp-json\/wp\/v2\/categories?post=21"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chris-salazar.com\/blog\/wp-json\/wp\/v2\/tags?post=21"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}