The Technium: 1,000 True Fans
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The Technium: 1,000 True Fans
All entrepreneurs begin with three categories of means
- 1. Who they are–their traits, tastes,and abilities;
- 2. What they know–their education, training, expertise, and experience
- 3. Whom they know–their social and professional networks.
Saras Sarasvathy in “What Makes Entrepreneurs Entrepreneurial.“
The Technium: 1,000 True Fans
1- Understand Threats That Affect Company’s Success
Identifying threats is the first step in the TOWS Matrix analysis . Organizations must systematically analyze external factors that pose risks or challenges to their success. This may include market disruptions, regulatory changes, competitive pressures, or technological advancements. By understan... See more
Identifying threats is the first step in the TOWS Matrix analysis . Organizations must systematically analyze external factors that pose risks or challenges to their success. This may include market disruptions, regulatory changes, competitive pressures, or technological advancements. By understan... See more
The Technium: 1,000 True Fans
Unlike SWOT, TOWS starts with external factors, and apparently starts with looking at threats first. This makes intuitive sense.
“How we spend our days is, of course, how we spend our lives. What we do with this hour and with that one, is what we are doing.” – Annie Dillard
The Technium: 1,000 True Fans
But I like this model of bootstrapping entrepreneurs as foragers: living off the land as hunter-gatherers until they can find a market to homestead. Bootstrappers have to start from where they are and search for opportunities. Pasteur advised that “Chance only favors the prepared mind” so you have to open yourself up to possibilities and be prepare... See more
The Technium: 1,000 True Fans
Effectual thinkers are like explorers setting out on voyages into uncharted waters.
The Technium: 1,000 True Fans
a more-than-you-ever-wanted-to-know guide
The Technium: 1,000 True Fans
I don’t believe in the hustle. The goal for us as a company is finding a balance in our work and in our life. Extreme growth sounds way too stressful! We aren’t some kids from the Bay Area Hacker News crowd hoping against hope to grab a winning lottery ticket. As a product person I want to spend the next 40–50yrs honing and perfecting this craft.... See more
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The Technium: 1,000 True Fans
The TOWS Matrix, developed by Heinz Weihrich in 1999, is a strategic planning tool that combines internal and external factors to generate strategic options. This approach was then popularized by Albert Humphrey, a consultant at the Stanford Research Institute. It stands for Threats, Opportunities, Weaknesses, and Strengths, forming a matrix that g... See more
The Technium: 1,000 True Fans
It's an intimidating prospect to enter a field where a few big winners outperform everyone else. Some people do this deliberately, but you don't need to. If you have sufficient natural ability and you follow your curiosity sufficiently far, you'll end up in one. Your curiosity won't let you be interested in boring questions, and interesting questio... See more