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Risk-Takers who can Persist " The biggest risk is not taking any risk... In a world that's changing really quickly, the only strategy that is guaranteed to fail is not taking risks ." Mark Zuckerberg, Facebook founder / CEO Entrepreneurship without risk-taking is like Investing without money. An entrepreneur must have a fearless, never-say-die attitude in the face of all adversities. If you don't have the balls to take everything that is thrown at you and persist, you can't be an entrepreneur. Entrepreneurs don't take blind risks though; they're calculative, and stack up the odds in their favor. Visionaries who can Sell " Entrepreneurs are like visionaries. One of the ways they run forward is by viewing the thing they're doing as something that's going to be the whole world ." Reid Hoffman, LinkedIn founder Entrepreneurship begins with a vision to change the status quo, change what's not working, even change the world.  " If you...

Quite often, today's innovators become tomorrow's laggards, and many either die or just stop growing. The real question is: Why? Some of the popular and innovative companies of yesterday such as Hollywood Video, Borders, THQ, KB Toys, Frontier Airlines, Trump Entertainment Resorts, Nortel, Habitat, Polaroid are dead. Some reasons for the eventual demise and the death of innovation at these companies are: 1. Dependence on the familiar - Most companies become over-dependent on existing products for far too long, keep on adding bells and whistles and additional features that current customers keep on asking for, until they realize that these products are now bloated and obsolete. Worse yet, new customers don't want to buy the bloatware, and existing customers are also getting tired of the extra things that are not needed. 2. Change of management structure - Many times, as the company grows, the culture, leadership and management becomes more and more process oriented, and les...