Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Inventing a Better Mousetrap: It’s All in Perspective
1. “Inventing a Better Mousetrap: It’s all in
Perspective”
Worthington Renaissance Hotel
Fort Worth, Texas
1//12/13 11am-12pm
2. I’m here today to take you on an evolutionary journey of what’s
really possible by thinking big…and starting small. It’s all in the
perspective!
-Albert Einstein
@kariwblock
#USASBE2014
3. The odds of success:
•
•
•
•
1 in 50 ideas becomes a business
1 in 20 that are funded see an initial public offering (IPO)
1 in 20 that are public achieve 1 billion in revenue.
30 companies reach 1 billion in revenues each year (10 yr. avg)
[Standard & Poors Compustat, blueprint analysis: Blueprint to a Billion; David G. Thomson]
@kariwblock
#USASBE2014
4. So, what is it that helps us stay focused on success?
Let’s talk about the intangible side of what it takes for an
inventor to successfully bring a product or service idea to market,
turn it into a category leader, and—from that—build a
sustainable company that continues to financially outperform
others.
@kariwblock
#USASBE2014
5. 3 lessons I’ve learned about ‘perspective’
for entrepreneurial success
• You are capable of more than you might think.
• You must know where you fit.
• You must know when to say no.
@kariwblock
#USASBE2014
6. You are capable of more than you might think
• Research shows that if you think you are
lucky, you will be [Happiness Hypothesis]
• When one continually questions
‘what’s possible’, anything's possible!
“Everybody is a
genius. But if you
judge a fish by its
ability to climb a
tree, it will live its
whole life
believing it is
stupid.”
- Albert Einstein
@kariwblock
#USASBE2014
7. You must know where you fit
• Finding out where one ‘fits in’ can be the
most difficult questions in life aside from
how do I get there?
• In business, it’s finding your niche, and
pushing forward with all the energy and resources you’ve got.
@kariwblock
#USASBE2014
8. You must know when to say no
• Saying ‘no’ can be more critical to success than saying ‘yes.’
• Research shows that the most financially successful people
spend time doing only the two things they do best
• Knowing when to say ‘no’ becomes easy with the right
framework
@kariwblock
#USASBE2014
9. Today I operate my business by building on these three lessons
I’ve learned over time. I hope they’re a benefit to you too!
• You are capable of more than you might think.
• You must know where you fit.
• You must know when to say no.
@kariwblock
#USASBE2014