The real source of market promise is not the wealthy few in the developing world, or even the3 emerging middle-income consumers. It is the billions of aspiring poor who are joining the market economy for the first time.
C. K. PrahaladRead
If your aspirations are not greater than your resources, you’re not an entrepreneur.
Interpretation
Entrepreneurs must aim higher than their current resources to succeed.
This quote emphasizes the mindset of entrepreneurs, suggesting that true entrepreneurial spirit requires one to dream and aspire beyond what is readily available or known. It highlights that innovation and success come from striving for greater ambitions and leveraging what one has to create new opportunities.
In practice
This quote can be shared during a business seminar to inspire aspiring entrepreneurs.
The real source of market promise is not the wealthy few in the developing world, or even the3 emerging middle-income consumers. It is the billions of aspiring poor who are joining the market economy for the first time.
If we stop thinking of the poor as victims or as a burden and start recognizing them as resilient and creative entrepreneurs and value conscious consumers, a whole new world of opportunity will open up.
Strategy is about stretching limited resources to fit ambitious aspirations.
Our levels of desire, patience, persistence, and confidence end up playing a much larger role in success than sheer reasoning powers. Feel motivated and energized, we can overcome almost anything. Feeling bored and restless, our minds shut off and we become increasingly passive.
Founding a company is hard. Most of it isn't smooth. You'll have to make very hard decisions. You have to fire a few people. Therefore, if you don't believe in your mission, giving up is easy. The majority of founders give up. But the best founders don't give up.
Failure is a detour, not a dead-end street.
The kind of commitment I find among the best performers across virtually every field is a single-minded passion for what they do, an unwavering desire for excellence in the way they think and the way they work. Genuine confidence is what launches you out of bed in the morning, and through your day with a spring in your step.
At the end of the day, if you're a professional athlete in track and field you are the CEO of your company.
Modern man is conditioned to expect instant gratification, but any success or triumph realized quickly, with only marginal effort, is necessarily shallow. Meaningful achievement takes time, hard work, persistence, patience, proper intent and self-awareness. The path to success is punctuated by failure, consolidation, and renewed effort.
Subscribe for the occasional hand-picked quote. No noise.