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What Entrepreneurs can Learn from Thermodynamics
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The 3 Laws of Thermodynamics
@ksrikrishna@ksrikrishna
http://dog-earz.com/
Entrepreneurship
Today's Lesson
1839 - 1903
1796 - 1832
Sadi Carnot
JW Gibbs
The Three Laws of Thermodynamics
You can't win!
You can onlybreak even!
You canbreak even only
at absolute zero
(0° Kelvin)
You can't reach
absolute zero!
You can'treach absolute zero (0° Kelvin)
You canbreak evenonly at absolute zero (0° Kelvin)
You can't win!You can onlybreak even!
Conservation of energy
Entropy
Absolute Zero
The Three Laws of Entrepreneurship
You can't fail!
You can only win!
You canwin only if you
persevere
You can persevere only with the right
attitude
You can persevere only with the right attitude
You canwin only if youpersevere
You can't fail,you can onlywin!
Passion
Patience
Prudence
PIG HEADED
PLACENT
PRIDEPassion
Patience
Prudence COM
The Pre-work
What do you WANT?
Why?
How will you recognize success?
The Ingredients
People
Problem
Unique Solution
Other stuff
Capital
Debt
Business Plan
Equity
Venture Capital
Sales force
Marketing
Engineering
Design
Angels
Idea
Product
Service
Details
Cash flow
CustomersExpenses
Contracts
Features
Zeroth LawIf two thermodynamic systems are
each in thermal equilibrium with a third,
then they are in thermal equilibrium with each other.
Enjoy the journey