SFS Minute 1143: Boring
from School for Startups Minutes
Welcome to the School for Startups Minute with Jim Beach. This week, we are talking about what successful entrepreneurs do differently from all of the rest of us. I've already suggested this week that they are much more willing to steal good ideas from other people and improve on them. Of course, it's not stealing copyrights, trademarks, or patents, but it's borrowing their idea and making it better. There's absolutely nothing wrong with that. 93% of new business ideas come from existing business ideas. In other words, that's the way good entrepreneurs do it. I have another interesting thing to suggest about this group right after this. The media loves to point to the flashy tech entrepreneurs, but in fact, most of the rich do boring things that add up slowly over time. In the paving business or the pantyhose business, things like that - slow, boring, consistent earners over time.
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