Three Key Elements of Entrepreneurial Success

I read lots of stuff on entrepreneurialism and even teach a class in college on the subject.  Recently, I discovered an article by an entrepreneur which covers it in a succinct and accurate manner.  The author, Diane Bryant, introduces it with this paragraph in the Sept 21, 2022, issue of Fast Company magazine.

After a 30-year career as a business leader working for Intel and Google, I know the importance of acting as an entrepreneur within the walls of Fortune 100 technology companies. Known as intrapreneurs, these leaders invent from within the walls of an established business. Today, as the CEO of a rapidly growing medical technology startup, I am squarely in the space of entrepreneurship. My experience has taught me that an entrepreneur’s probability of success hinges on three factors: The first is an idea that is disruptive, visionary, and delivers efficiency. The second element is a solid business plan that can be put to the test in the context of a business strategy. The third is gaining the capital to make your idea and business plan a success. In detail, here are the three elements that an entrepreneur needs to succeed.

The article is just a 5-minute read and well worth the time.

Larry W. Sharp, BAM Support Specialist, IBEC Ventures

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