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10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

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Page 1: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

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Page 2: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

This presentation consists of highlights from the interview with Moe Abdou,

founder & host of 33voices®.

Page 3: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Amy Wilkinson advises executives and emerging leaders around the world on how to master the skills that underlie entrepreneurial success. She is an entrepreneur, author, and lecturer at Stanford Graduate School of Business.

Amy Wilkinson@amywilkinson

Author of The Creators Code

Page 4: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

There’s a Creator in each of us. Harness it by following these six disciplines:

Insight #1

Page 5: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

There’s a Creator in each of us. Harness it by following these six disciplines:

Find The Gap - Stay alert to what others don’t see

Insight #1

Page 6: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

There’s a Creator in each of us. Harness it by following these six disciplines:

Drive For Daylight - Focus on the future, scan the edges, and avoid nostalgia

Insight #1

Page 7: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

There’s a Creator in each of us. Harness it by following these six disciplines:

Fly The OODA Loop - Observe, Orient, Decide, and Act - in rapid fashion

Insight #1

Page 8: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

There’s a Creator in each of us. Harness it by following these six disciplines:

Fail Wisely - Set up a failure ratio, make small bets, and develop resilience

Insight #1

Page 9: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

There’s a Creator in each of us. Harness it by following these six disciplines:Network Minds - Seek diversity in people,

intellect, and your own brainpower

Insight #1

Page 10: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

There’s a Creator in each of us. Harness it by following these six disciplines:Gift Small Goods - Turning kindness into a skill will help strengthen your relationships

Insight #1

Page 11: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #2

A creator is constantly questioning ‘what is;’ she thinks like a ‘Sunbird’ by identifying a

working concept in one domain and figuring out a way to plug it in somewhere else.

Inventor Dean Kamen | I look at a problem and think, ‘Let’s not look at how this problem has been approached in this field, but let’s go to industries that are completely different and

take technologies that, if applied to the problem at hand, would solve it.’

Page 12: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #3

Like architects, creators are problem finders; they identify friction points, bottlenecks,

complications, and craft new solutions by asking these type of questions:

Page 13: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #3

Like architects, creators are problem finders; they identify friction points, bottlenecks,

complications, and craft new solutions by asking these type of questions:

What surprises me?

Page 14: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #3

Like architects, creators are problem finders; they identify friction points, bottlenecks,

complications, and craft new solutions by asking these type of questions:

What am I missing?

Page 15: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #3

Like architects, creators are problem finders; they identify friction points, bottlenecks,

complications, and craft new solutions by asking these type of questions:

How can I remove the impediments?

Page 16: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #3

Like architects, creators are problem finders; they identify friction points, bottlenecks,

complications, and craft new solutions by asking these type of questions:

What paradoxes do I see?

Page 17: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #4

A creator who’s build a business at rapid pace and scale focuses on the horizon and, at high

speeds, their hands follow their eyes.

Gilman Louie | Entrepreneurs are always looking for daylight. Their business model

acts like a race-car driver’s hands. It’s always being adjusted.

Page 18: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #5

Those pursuing worthy goals opt not to measure how far they’ve come ‘to

date’ and instead focus on what remains to be done - ‘to go.’ Cognitive research proves

that focusing on past accomplishments tempers motivations; whereas thinking about what’s

left ‘to-go’ elevates your focus, energy, concentration and motivation.

Page 19: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #6

Creators treat business as an intellectual debate and they use the

OODA Loop to make rapid decisions:

Page 20: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #6

Creators treat business as an intellectual debate and they use the

OODA Loop to make rapid decisions:

Observe - Pay attention to surroundings and identify inconsistencies between your frame of

reference and the evolving reality.

Page 21: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #6

Creators treat business as an intellectual debate and they use the

OODA Loop to make rapid decisions:

Orient - Information is worthless without interpretation - Look for the counterintuitive

blip in data that you orient

Page 22: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #6

Creators treat business as an intellectual debate and they use the

OODA Loop to make rapid decisions:

Decide - Cut through the ambiguity and make rapid determinations

Page 23: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #6

Creators treat business as an intellectual debate and they use the

OODA Loop to make rapid decisions:

Act - Take unexpected action

Page 24: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #7

If you’re building something that the world hasn’t seen before, it’s wise to make small bets,

set a failure ratio, believe enough to persist, and turn setbacks into strength.

David Kelley | Given our culture of prototyping, we have had tons of failed prototypes when we are creating products and services - one

of the things that’s great about Silicon Valley is that failure is a badge of honor because people

here value the learning that goes on.

Page 25: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #8

To ignite ingenuity, creators harness cognitive diversity by developing forums where

diverse minds can mingle. To do this, they:

Page 26: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #8

To ignite ingenuity, creators harness cognitive diversity by developing forums where

diverse minds can mingle. To do this, they:Design the physical and virtual space where

people can build on each other’s ideas

Page 27: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #8

To ignite ingenuity, creators harness cognitive diversity by developing forums where

diverse minds can mingle. To do this, they:Assemble project-specific teams to seize

economic opportunities

Page 28: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #8

To ignite ingenuity, creators harness cognitive diversity by developing forums where

diverse minds can mingle. To do this, they:Catalyze prize competitions

Page 29: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #8

To ignite ingenuity, creators harness cognitive diversity by developing forums where

diverse minds can mingle. To do this, they:They gamify work

Page 30: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #9

For creators, success is s much about caring about customers, colleagues, and partners

as it is about build a novel product.

Matt Cohler | We’re now at a point in history where it’s in your self-interest to be good, and that’s because the world is more transparent, interconnected, interdependent, and efficient.

Page 32: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #10

Creators use these principles to gift goods effectively:

They support those who share their values

Page 33: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #10

Creators use these principles to gift goods effectively:

They set parameters for time and effort

Page 34: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

Insight #10

Creators use these principles to gift goods effectively:

They interact in an ongoing give-and-take mutually beneficial assistance

Page 35: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

ReflectIf your work were to

suddenly end, would others miss your contribution?

tweet us!

Page 37: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

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Page 39: 10 Insights on the Essential Skills of Extraordinary Entrepreneurs — Amy Wilkinson

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