Growth and Entrepreneurial Evolution

Being an entrepreneur is not easy. An entrepreneur does need to understand most all of his or her business, at least to the point of how they want it run. Henry Ford is accredited for saying he doesn't have to be the smartest person in the room, he just needs to be able to hire them, or similar to that.


I think Haykin did a great job in evolving with his roles and with the industry. This is definitely a lesson we can take-that keeping an eye open to the movement within the industry can cause us to float with the successors rather than sink with the failures. For instance, those who fought the electric car in the early 2000's are now playing catch up because of the likes of Tesla. Blackberry failed to see the benefit of the iPhone UI. I think the banking industry better look to cryptocurrencies as the next wave of the future blaring at us in our eyes. It will be interesting to see what leaders are able to envision the future. Adaptability is crucial as an entrepreneur.

From this lesson, I found that as we adapt to our environments, we become increasingly valuable. If we find weaknesses within our own lives that we can't overcome easily, it is important that we find partners who can complement us. This will create the most interdependence and the sum of the two halves will be greater than the whole, so to speak.