Entrepreneurship is about the passion. It is the individual passion that turns out to be an organization or corporation. Entrepreneurs should not chase the things on day to day basis; they should look at the bigger and macro picture and chase large goal rather than a micro level goal. This specific speech insight presents the inputs on Idea Generation and Construction, Identifying the Market, Entrepreneurial Thinking, Entrepreneurial Qualities, on Enterprise, and Trouble Points by consolidating the speeches of the founders/entrepreneurs of 50 (fifty) successful organizations such as Apple, DELL, Amazon, ebay, Google, Twitter, LinkedIn, Instagram, Airbnb, Tesla, SpaceX, Paypal, Nest, Pinterest, Spotify, Virgin Atlantic, Facebook, and The Lean Startup, etc. Following are the inputs on Entrepreneurial Expertise:

Idea Generation and Construction:

  • It is not about just the generation of idea; it is about building the idea and executing the idea. Get engineering as part of it, and design as part of it; and then bring in the market to it.
  • Try something, experiment, fail, and learn are part of entrepreneurship; during this process don’t let you go down while learning.
  • While evaluating ideas, the important points to evaluate are what societal/industry problem it is solving and what market it is catering.
  • We should believe in what we are doing; so that others believe in it. If we believe only, it becomes reality in near future. You should believe it and see the real product in hand generated from the idea.
  • Build things first for yourself. Then make it for others; Think and make it better all the time.
  • Test the idea two times, or three time before entering into market. Customers are the ones who will tell you whether the idea works or not.

Identifying the Market:

  • Classical entrepreneur thinks about his idea whole day; The intelligence comes with not just the idea, but when the entrepreneur assembles everything such as team, finance, resources, and market to the idea; it is going to be successful.
  • It is the entrepreneur who has to convince the customer and make them purchase his idea.
  • Entrepreneur should visualize the market. He should visualize how value is going to be delivered to the customer.
  • Have at least minimal percentage edge over the competitor with respect to product, service, and value provided.

On Entrepreneurial Thinking:

  • Think what is the best way to build something that the world needs. Do not think about getting hurry and fast in the cat race. If you build something useful for the world, it happens on itself.
  • Level of entrepreneurial expertise increase the movement entrepreneur knows the following in a sequence one after the other: What he is doing?, How to do it?, Why he is doing?;
  • Understand that entrepreneur can’t do everything on his own; he needs stakeholder assistance.

Entrepreneurial Qualities:

  • Entrepreneurs should have the energy, and interest to carry on the new things what society requires
  • Emotional motivation is the need of the hour for entrepreneur; without emotional motivation, entrepreneur tend to fail.
  • Entrepreneurs should actually spend the time in observing people who have actually made it in the past.
  • As part of it, entrepreneur should make habit of noting down all the ideas generated. Entrepreneur should also revisit what he has noted down.
  • Constantly seek criticism from the people around you in the startup/organization; seek opinion of others.
  • Have open mind, be flexible, and you may need to change certain things over a period of time. These are required skills for Entrepreneur.
  • “Do something Different”. That is, Is it correct or not?; If entrepreneur is not thinking in this angle, it indicates that entrepreneur is not pushing his limits enough.
  • Teaching and sharing should also be part of entrepreneur’s day to day activities.

On Enterprise:

  • Having goal for business and committable values related to people practices in organization are required for a successful business.
  • Enterprise is about people. Entrepreneur has to listen, motivate and recognize contributions in his team to build the trust.
  • Ask questions, motivate others, and make others think in the organization are required for successful enterprise.
  • People tend to make mistakes; however, learning from it is important for entrepreneurs.

On Trouble Points:

  • Entrepreneur should be able to visualize the time loss, effort loss, and financial loss, which can be incurred if something goes wrong. Then only care will come in what he is doing;
  • Entrepreneurs tend to give up unless they really love what they are doing; & unless they are really doing what they are passionate about;
  • Entrepreneurship is to make money; it is to build the wealth; Remember money comes with risk;
  • Last but not the least; take care of yourself and family; these are most important; next comes all the above.

Hope, I was able to extract the important points from these successful entrepreneurs;

Happy Reading.

Dr.Goparaju Purna Sudhakar


(Source: Blockshelf (2014), “50 Entrepreneurs share priceless advise”, Available online at https://www.youtube.com/watch?v=QoqohmccTSc&feature=youtu.be)

22 thoughts on “Speech Insight: on Secrets of Entrepreneurial Expertise”

  • e.tik says :

    I am in fact glad to glance at this weblog posts which carries lots of valuable facts, thanks for providing these kinds of information. Myrna Killy Atalayah

  • e.tik says :

    Way cool! Some extremely valid points! I appreciate you penning this post and the rest of the site is very good. Cheryl Piggy Teddman

  • sikis izle says :

    Everything is very open with a precise explanation of the issues. It was definitely informative. Your site is very useful. Thank you for sharing. Cris Derek Hahnert

  • ezle says :

    Great article! We will be linking to this particularly great content on our site. Keep up the great writing. Dyanne Corby Dale

  • e.izle says :

    I really like your writing style, great info , thanks for posting : D. Adrienne Rollin Zellner

  • Hillary Giles Friede says :

    Good post. I learn something new and challenging on websites I stumble upon on a daily basis. Hillary Giles Friede

  • Sessler says :

    I all the time used to read piece of writing in news papers but now as I am a user of net so from now I am using net for content, thanks to web. Dulciana Othello Sessler

  • Morra says :

    This is my first time go to see at here and I am genuinely pleasant to read all at one place. Claudia Silvan Morra

  • Lesslie says :

    You completed a number of fine points there. I did a search on the subject matter and found a good number of people will consent with your blog. Valencia Shermie Lesslie

  • Culosio says :

    Hello. This post was really motivating, particularly because I was looking for thoughts on this matter last Tuesday. Justinn Knox Culosio

  • Kumler says :

    I see something truly interesting about your site so I bookmarked . Seline Torr Kumler

  • Augustine Hi Berthoud says :

    These are genuinely enormous ideas in concerning blogging. You have touched some fastidious factors here. Any way keep up writing.
    Augustine Hi Berthoud

  • Amitie Bradford Woodhouse says :

    Wonderful post! We will be linking to this particularly great post on our website. Keep up the good writing. Amitie Bradford Woodhouse

  • Giorgia says :

    Excellent web site. Plenty of useful information here.

  • Eleanora Scarface O'Doneven says :

    Wow! Finally I got a webpage from where I be capable of truly take valuable data regarding my study and knowledge. Eleanora Scarface O’Doneven

  • Morgen Jozef Zoldi says :

    Regards for this post, I am a big big fan of this site would like to go on updated. Morgen Jozef Zoldi

  • Leanor Lucian Peace says :

    Very good post. I am facing some of these issues as well.. Leanor Lucian Peace

  • Margaret Derrik Clementine says :

    You completed certain good points there. I did a search on the theme and found the majority of people will consent with your blog. Margaret Derrik Clementine

  • Adrianna Monti Lesko says :

    Major thankies for the article post. Thanks Again. Cool. Adrianna Monti Lesko

  • Ealasaid Basilio Kanal says :

    I am forever thought about this, thanks for posting. Ealasaid Basilio Kanal

  • Zarla Whitby Shiverick says :

    This is my first time go to see at here and i am actually happy to read all at alone place. Zarla Whitby Shiverick

  • Austina Lionello Ji says :

    Pretty! This has been a really wonderful article. Many thanks for providing these details. Austina Lionello Ji

Leave a Reply

Your email address will not be published. Required fields are marked *


Captcha *