links for 2011-08-11

  • Many entrepreneurs will tell you that the most important personal characteristic to founding a successful start-up is perseverance, never giving up. There are so many hurdles to overcome  — cash shortages, clashes with partners, a deteriorating personal life — that only the most driven people committed to being successful need apply. But now I’m beginning to think such bulldoggedness may actually be a deterrent. My view, in fact, is that entrepreneurs need something almost the opposite of perseverance: they need to know when to give up. Not give up as in go home. Give up as in stop what they are doing and head in a new direction. Business management scholars call this the pivot, and its increasingly becoming part of the histories written by  many a fledgling business.
  • For many start-ups, a lack of leadership talent is often cited as an impediment to the growth of the business.   While initially it may just be you in the start-up phase, without any employees, it’s important at this early stage to get the leadership basics right, so you’re ready when the business starts to grow and you need to employ.   Getting the base right involves developing the following attributes:
    (tags: leadership)
  • eMarketer estimates that more than 91 million US consumers will use the internet through a mobile device at least monthly by the end of this year, up from 77.8 million in 2010. While US consumers as a whole may be increasing their mobile internet activities, the devices with which they prefer to do so tend to vary by generation. According to a study by Affinity Research, generations are dividing in terms of mobile device preferences, with older consumers favoring tablets and ereaders and younger users adopting smartphones at rapid rates.

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