Mar 16, 2021

Founders should follow these 5 steps to turn ideas into reality

You have an innovative and differentiated product that has withstood your relentless scrutiny and you are ready to go forth and conquer. (In other words, you’ve mastered what I call the “3 Cs of Entrepreneurship,” which you can read about here.)  Now it’s time to talk about how to build your ideas into reality. I approach this process by working through five key steps. It’s critical to give all of them your equal attention and to understand how they influence one another.

Here are my “5 Steps to Strategic Execution”:

Vision: This is your dream—what you want to be and where you want your enterprise (whether social, business, or hybrid) to be in 20 years. Some may say your mission should come first, but I start with vision, because you need to know where you are headed to forge a road to get there.

While dreaming can be criticized as undermining an entrepreneur’s ability to stay grounded and focused, it is an extremely valuable pursuit, because it orients us toward where we are going. As Henry David Thoreau said, “If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.” Let’s talk about building those foundations…

Read the full article on Fast Company

More from Daniel

Understanding the Tricky Balance When Launching Social Startups

At a time when our world is facing unprecedented challenges, from climate change to political polarization to a global pandemic, entrepreneurs and nongovernmental organization (NGO) leaders cannot afford to operate in silos. Entrepreneurs possess resourcefulness, creativity, and initiative; heads of nonprofit organizations are equipped with depth of knowledge, purpose, and the patient determination that comes with that purpose. Together, these partners can turbocharge impact if they properly calibrate their respective contributions to create new social enterprises.

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Both Sides Are Minimizing Violence. Americans Must Fight for Our Nation

Shocking news emerged this week from the bipartisan committee investigating the January 6 attack: On that dark day, Fox News hosts and former-President Donald Trump’s son sent text messages begging for Trump to address the nation and stop the violent riot. Yet many Republicans continue to downplay the insurrection that dangerously undermined electoral integrity and the rule of law and threatened our democracy.

But minimizing violence isn’t only happening on the Republican side. From Philadelphia to Los Angeles, District Attorneys promoting an anti-police narrative and lax crime-fighting policies have contributed to an alarming rise in homicides and spiraling crime rates. Yet despite the skyrocketing crime in liberal bastions, many of us have family and friends living in these cities who refuse to accept that controversial policies to suspend prosecution for many crimes may have played a role in the violent wave.

There is no comparing an attempted insurrection with day to day crime; one is significantly worse, and a much bigger threat to our democracy. But both sides are suffering from a partisan blindness that has led to minimizing any violence that appears to implicate their leaders. And it presents a huge threat to our country.

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Breaking society’s bad habits Starts With Us

Decades ago, hatred began to build in online chat rooms, where people (protected by the anonymity of their computer screens) could post judgmental vitriol with little accountability. We thought these ugly conversations would stay contained to small virtual spaces; but when millions of people adopt the same bad habits, those behaviors add up to define who we are. Hatred begets hatred and nasty words based on nastier (and often false) sentiments, have since spread through social media – and bubbled over into the offline world, too.

Today, we seem quicker than ever to judge one another, and slower than ever to forgive. We often assume negative intent instead of positive, and point our fingers before we’ve taken the time to explore the nuances of a situation. More and more, we’ve replaced trust in one another with chronic skepticism and defensiveness. We have become accustomed to pitting “us” against “them,” and dividing the world – and its complex issues – into two incompatible halves.

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