Phrase by 'Eric Ries'
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If your goal is to make money, becoming an entrepreneur is a sucker's bet. Sure, some entrepreneurs make a lot of money, but if you calculate the amount of stress-inducing work and time it takes and multiply that by the low likelihood of success and eventual payoff, it is not a great way to get rich.
Author: Eric Ries - American BusinessmanTime , Work , Money , Success
The Lean Startup has evolved into a movement that is having a significant impact on how companies are built, funded and scaled.
Author: Eric Ries - American BusinessmanHow , Movement , Impact , Lean
Famous pivot stories are often failures but you don't need to fail before you pivot. All a pivot is is a change is strategy without a change in vision. Whenever entrepreneurs see a new way to achieve their vision - a way to be more successful - they have to remain nimble enough to take it.
Author: Eric Ries - American BusinessmanYou , Way , Change , Vision
Start-up success is not a consequence of good genes or being in the right place at the right time. Success can be engineered by following the right process, which means it can be learned, which means it can be taught.
Author: Eric Ries - American BusinessmanTime , Good , Place , Success
There is much that public policy can do to support American entrepreneurs. Health insurance reform will make it easier for entrepreneurs to take a chance on a new business without putting their family's health at risk. Tort reform will make it easier to take prudent risks on new products in a number of sectors.
Author: Eric Ries - American BusinessmanFamily , Support , Business , Health
You know how people always talk about how vision is the key to entrepreneurship and perseverance and really seeing what other people don't see? We can actually redeem a fair amount of that folk wisdom.
Author: Eric Ries - American BusinessmanYou , People , Wisdom , Perseverance
Entrepreneurship is not really building a product, it's not having an idea, it's not being in the right place at the right time. It's fundamentally company building.
Author: Eric Ries - American BusinessmanTime , Place , Building , Right Time
It was 1999, and we were building a way for college kids to create online profiles for the purpose of sharing... with employers. Oops. I vividly remember the moment I realized my company was going to fail. My co-founder and I were at our wits' end. By 2001, the dot-com bubble had burst, and we had spent all our money.
Author: Eric Ries - American BusinessmanMoment , College , Money , Remember
Learning to see waste and systematically eliminate it has allowed lean companies such as Toyota to dominate entire industries. Lean thinking defines value as 'providing benefit to the customer'; anything else is waste.
Author: Eric Ries - American BusinessmanValue , Thinking , Learning , Customer
I actually believed if you work hard enough it was inevitable you'd succeed. Then I lived the 'Social Network' movie, but only the first half. The hardest part is the grueling work of constantly being wrong.
Author: Eric Ries - American BusinessmanYou , Work , Work Hard , Succeed