Comments on: The Changing Frontier of Entrepreneurship http://www.toiletpaperentrepreneur.com/managing-focus/the-changing-frontier-of-entrepreneurship/ Sat, 11 Feb 2012 17:39:00 +0000 hourly 1 By: Lisa McGuire http://www.toiletpaperentrepreneur.com/managing-focus/the-changing-frontier-of-entrepreneurship/#comment-2801 Lisa McGuire Tue, 19 May 2009 04:10:09 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=367#comment-2801 Mike, thanks so much for being one of the few to mention women entrepreneurs and our contribution. Just this year some of the networking groups that I belong to have grown substantially, some over 300% since January. So many business publications talk about the 'smartest' or the 'most technological' and have lists with no women mentioned! The fact that you mentioned collaboration is right on, in my opinion, and is what these networking groups are all about. We work to refer each other, create partnerships and help each other be successful. Thanks again, Mike, for your recognition! Mike, thanks so much for being one of the few to mention women entrepreneurs and our contribution. Just this year some of the networking groups that I belong to have grown substantially, some over 300% since January. So many business publications talk about the ‘smartest’ or the ‘most technological’ and have lists with no women mentioned! The fact that you mentioned collaboration is right on, in my opinion, and is what these networking groups are all about. We work to refer each other, create partnerships and help each other be successful. Thanks again, Mike, for your recognition!

]]> By: Jim http://www.toiletpaperentrepreneur.com/managing-focus/the-changing-frontier-of-entrepreneurship/#comment-2800 Jim Tue, 19 May 2009 01:53:56 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=367#comment-2800 Great ideas, however, the name of your blog discredits and defeats your purpose and good statements. Change it now!!! Great ideas, however, the name of your blog discredits and defeats your purpose and good statements. Change it now!!!

]]> By: James Taylor http://www.toiletpaperentrepreneur.com/managing-focus/the-changing-frontier-of-entrepreneurship/#comment-2799 James Taylor Mon, 18 May 2009 17:04:04 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=367#comment-2799 Mike, You're right on target to highlight the exploding emergence of women entrepreneurs to lead the charge into the coming years. Mike,

You’re right on target to highlight the exploding emergence of women entrepreneurs to lead the charge into the coming years.

]]> By: Kay Plantes http://www.toiletpaperentrepreneur.com/managing-focus/the-changing-frontier-of-entrepreneurship/#comment-2798 Kay Plantes Mon, 18 May 2009 15:16:18 +0000 http://www.toiletpaperentrepreneur.com/blog/?p=367#comment-2798 Another change that is going on is that the basis of competition is shifting from individual products and services to business models. We live in a copy-cat economy, where today's "new" becomes tomorrow's store brand me-too product. I am an economist by training. Economists love the commoditization that is running rampant--it lowers costs and encourages innovation. But if you are an entrepreneur, think business model before you think new product or service. I define a business model as the 5 core strategy decisions that every business must make: Who is your target market? What business are you in? What value promise will lead customers to chose you? Why won't competitors be able to copy you? And how will you earn a profit? These questions are simple on the surface, but they are very challenging to answer well. Winning companies create a unique, hard to copy, relevant value promise. Another change that is going on is that the basis of competition is shifting from individual products and services to business models. We live in a copy-cat economy, where today’s “new” becomes tomorrow’s store brand me-too product. I am an economist by training. Economists love the commoditization that is running rampant–it lowers costs and encourages innovation. But if you are an entrepreneur, think business model before you think new product or service. I define a business model as the 5 core strategy decisions that every business must make: Who is your target market? What business are you in? What value promise will lead customers to chose you? Why won’t competitors be able to copy you? And how will you earn a profit? These questions are simple on the surface, but they are very challenging to answer well. Winning companies create a unique, hard to copy, relevant value promise.

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