Leadership in Action

Starting a business may appear to be anarchy and chaos. However, there is a process and plan behind entrepreneurship that drives success. President of EO Boston and Co-founder of Bcombinator, Luis Cortes, discusses the steps to becoming a successful entrepreneur through passion, persistence, and the proper problem-solution fit.  Takeaways: ~ Entrepreneurship may look like anarchy, with endless moving parts and possibilities. However, there is a process behind success.  ~ In order to start a successful business, you need to have a vision of what customer needs you want to satisfy, and how you’re going to do so. ~ Working with a team allows you to expand your knowledge by being around people who have different skills than you. ~ It is important to identify the proper problem-solution fit. This means figuring out if your product correctly solves the solution for the type of customers you are looking for. Focus on the problem, solution, and benefit of your product. ~ Start with a small niche. This allows you to be a big fish in a small pond. Once your business begins to grow, you can jump into bigger ponds. ~ Decide if you're making a decision to move closer to something else or get away from something you don't want. Instead of protecting yourself out of fear, use your vision/mission to drive your decisions. Links: ~ LinkedIn: https://www.linkedin.com/in/luisicortes/  ~ Twitter: https://twitter.com/licortes?lang=en  ~ Company Website: https://www.redhat.com/en ~ EO Boston: https://www.eonetwork.org/boston  Ways to Tune In:   ~ iTunes -  ~ Spotify - https://open.spotify.com/show/2t4Ksk4TwmZ6MSfAHXGkJI ~ Stitcher - ~ Google Play -  ~ Amazon Music - https://music.amazon.com/podcasts/4263fd02-8c9b-495e-bd31-2e5aef21ff6b ~ YouTube - https://www.youtube.com/watch?v=X4FsspsuiiA