"Starting a business and making it work is already an achievement. But turning it into a world leader in its sector is at another level entirely. To make this happen, the difference lies in observation. So easy and yet so difficult, Marc Randolph notes. He's the co-founder alongside Reed Hastings of the streaming giant Netflix. He also has a four-decade-long career as an entrepreneur (he has founded six companies), investor and advisor under his belt."
"Entrepreneurship isn't about having one idea, but hundreds: Develop them and draw conclusions. Design a system to test the ones that end up being bad (which will be the majority). Innovate and validate through simple, inexpensive experiments. Fail so that you can improve that system and correct mistakes by making the necessary adjustments to build your business model. Fall in love with your project and embrace it with your passion. A bad idea with an incredible person can become great."
Successful entrepreneurship requires generating hundreds of ideas, rapidly testing them, and drawing conclusions from results. Founders should design systems that identify and discard the majority of bad ideas through simple, inexpensive experiments. Learning from failure and iterating on systems enables correction of mistakes and gradual construction of a scalable business model. Passionate commitment to a project multiplies chances of success, and exceptional people can transform weak ideas into great ventures. Disciplined, creative leadership helps navigate technological change in fields like robotics, artificial intelligence, and blockchain. Overthinking should be avoided in favor of decisive experimentation and disciplined execution.
Read at english.elpais.com
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