Entrepreneurial Living: 7 Steps to Entrepreneurial Happiness
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About this ebook
Every day we hear and read about the greatest entrepreneurs of our generation but learn little about what it takes to become an entrepreneur. “Entrepreneurial Living” is intended for anyone who is interested in entrepreneurship but has not dared to venture into this world, yet.
“Entrepreneurial Living” takes the most relevant proven insights from research and practice and communicates them in an accessible and concise way with beautifully illustrated hands-on tools. Using the analogy of a board game and illustrative examples, the book teaches you the fundamentals of entrepreneurial life. Some exemplary lessons are as follows:
• Knowing your identity, network and competencies helps you identify interesting entrepreneurial problems that you are equipped to solve.
• Focusing on your means instead of a distant vision enables you to create goal portfolios and deal with uncertainty.
• Understanding your own strengths and those of your potential partners lets you evaluate the option of cofounding a business.
• Developing a business model in collaboration with your customers can be more useful than writing a business plan. Listening to customers early in the ideation process helps you develop the business systematically.
• If you are observant and reflective, your insights will combine and turn you into your personal version of a successful entrepreneur.
“Entrepreneurial Living” teaches that it is never too late to become an entrepreneur; any prior life experience will help you visualize what you can do. Do not be afraid of the uncertainty and dare to take the first step to start the adventure. The best day to begin was yesterday. Today is the next-best day.
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Book preview
Entrepreneurial Living - Dietmar Grichnik
ENTREPRENEURIAL LIVING
ENTREPRENEURIAL LIVING
7 STEPS TO ENTREPRENEURIAL HAPPINESS
Dietmar Grichnik
UNION BRIDGE BOOKS
An imprint of Wimbledon Publishing Company Limited (WPC)
UNION BRIDGE BOOKS
75–76 Blackfriars Road
London SE1 8HA
www.unionbridgebooks.com
Copyright © Dietmar Grichnik 2020
The author asserts the moral right to be identified as the author of this work.
All rights reserved. No part of this publication may be reproduced in any form or by any means without written permission of the publisher.
The moral rights of the author have been asserted in accordance with the Copyright, Designs and Patents Act 1988.
All the characters and events described in this novel are imaginary and any similarity with real people or events is purely coincidental.
A CIP record for this book is available from the British Library.
Library of Congress Control Number: 2019949294
ISBN-13: 978-1-78527-084-0 (Pbk)
ISBN-10: 1-78527-084-2 (Pbk)
This title is also available as an e-book.
Table of Contents
Preface
Acknowledgement
Entrepreneurial Diary
The Author
The Illustrator
Chapter 1 Before kick-off: What type of entrepreneur are you? Choose your playing piece
Chapter 2 The game manual: On the path to independence and happiness – Follow your entrepreneurial self
Chapter 3 First move: Start your entrepreneurial future with a great problem
Chapter 4 Second move: Applying your means is better than studying – the inventory check
Chapter 5 Third move: Think in goals portfolios – goals are gregarious animals
Chapter 6 Fourth move: Master the uncertainty – define your affordable loss and bootstrap your means!
Chapter 7 Fifth move: Broaden your means inventory and goals portfolio – co-create through Friendchising: Make friends
Chapter 8 Sixth move: Find your entrepreneurial role and complete it in a team – Find brothers and sisters in arms – Team up
Chapter 9 Seventh move: Expect the unexpected – Who needs a business plan? – Not me. But I do need a Plan B, C or D
Chapter 10 The final move? Go back to start! The baby test – give it up for adoption, make siblings or get a divorce – entrepreneurial passion
Chapter 11 The game analysis: After the game is before the game – consider yourself lucky and shape entrepreneurial society with others: Lucky you and tell your story
Notes
Index
PREFACE
Imagine that at the end of your life you guide your friends through a gallery, which documents your life in the form of pictures and videos. Are you happy with the exhibits you have collected about your life so far? Are you missing an essential part, your life dream, which might forever remain hidden in your mind? Or worse, the exhibition is threatening to become boring, because it looks just like the biographies of so many others and, with the exception of your childhood images, doesn’t capture your individuality. Somewhere between school, your first apprenticeship, studies and career something appears to have been lost, which as a child promised you career aspirations such as astronaut, footballer, singer or dancer, fully exploring your individuality and uniqueness. As one of a number of many gears in the machinery of working life, do you feel as if you are being sold below your worth and caught in the trap of your daily work routine, even though you have a passion which you would like to pursue professionally? Do your life circumstances – family, a well-paid job, perception of status and lack of the know-how of how to pursue it – force you to remain stuck in a corporate setting and continue to shuffle listlessly through the entrance of your workplace every day until you retire? The executives (even the successful ones!) and mature students on my courses at the University of St. Gallen confirm these pain points in their classical careers as corporate slaves in established companies and industries. Even my young bachelors and masters degree students mostly pursue classic careers such as consultant, banker or manager. But the wind is changing! In our turbulent times, in which politics can seemingly not find any solutions for the many problems of our world and in which digital technologies facilitate us newcomers entry into more and more markets and branches, we are increasingly realizing that we can take our future into our own hands and become self-employed with our own start-up or be enterprising and innovative in the existing working environment – as employees.
You don’t need a business idea to become self-employed or to be innovative. It requires little to no funds to start a business. You are already equipped with everything you need to start right now. There is no excuse to not try right away. Forget the business plan, go straight to Plan B. Columbus wouldn’t have discovered America if his journey to India had been successful. This is just one example that I have used in the award-winning video ‘The 10 Myths of Entrepreneurship’, to make the results of over a decade of research and practice on the booming phenomenon of ‘entrepreneurship’ accessible to a broad audience. Over 300,000 views on YouTube in multiple languages, with a lot of enthusiastic feedback from its viewers, have motivated me to write this book. In addition, there is my personal conviction, gained from 25 years of research and practical experience, that Entrepreneurial Living is a great way of life; that to spend one’s life in entrepreneurship can have a significant effect on the individual as well as on society. No matter whether we plan to develop the new Amazon, open a bar or start a charity with friends, there are a thousand reasons to found something – and there is an entrepreneur in all of us!
This book illustrates what it takes to live an entrepreneurial life with a board game-inspired methodology. It shows playfully in seven fun game moves how to find personal fulfilment in personal responsibility. As the reader you can expect the latest insights from both theory and practice. The evidence-based science related to entrepreneurship of Western character will be combined into a unique concept with the more than 5,000-year-old experience-based science of life – Ayurveda – from the Far East. My experience as a scientist flows into this concept – for which a valued colleague coined the term ornithologist, and I do not need to be a bird to know a lot about the species being researched – as well as my experience as a practising entrepreneur, who tries in almost all life situations, not just in the professional area, to be an entrepreneur in his life, to remain informed, as a now 50-year-old bird, to always discover something new in the world and to create with enthusiasm. In this book there are 11 chapters, like sectors in an entrepreneurial board game, with seven steps to entrepreneurial success and happiness. With the illustrated content and tools, it is not just a joy to read your personal entrepreneurial notebook but also a feast for the eyes! Look at it, use it and refresh what you have learned with updates available at www.entrepreneurial-living.com.
ACKNOWLEDGEMENT
My thanks go to Marcus Frey for his creativity and his unbridled empathy with me as an author when designing the beautiful illustrations in this book (www.frey-illustration.de). I thank Henrik Wesemann for his support on the English version of this book. I thank my inspiring colleagues and students of all qualifications for the intellectual battles with constant challenges to further purge scientific contents and for making them accessible. At the heart of this book are my much-loved entrepreneurs, who, through their entrepreneurial life experiences, give entrepreneurial spirit to this work. I hope the spark reaches many readers who are not yet part of this entrepreneurial society.
Live entrepreneurially!
Dietmar Grichnik
ENTREPRENEURIAL DIARY
Keep a diary of the experiences in your entrepreneurial life!
Each concept is only as good as its application. To realize entrepreneurial living, discipline and perpetual practice are required. Your passion for your project is your motivation that encourages you. It is important not only to document your progress on the entrepreneurial path but also to take note of the setbacks you experience. You will find blank pages for your personal entrepreneurial diary at the end of each chapter. This way, you create self-awareness as to which game moves you have to continue to work on and which already work well. Gradually, the picture of your own entrepreneurial journey completes itself.
More on this at: www.entrepreneurial-living.com.