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April 1, 2012 / compassioninpolitics

The Best of Paul Hudnuts BOP Preneur Blog for Social Entrepreneurs

Social entrepreneurship made easy:

“My advice to entrepreneurs doesn’t really vary with economic conditions:
-figure out something that’s broken;
-figure out a clever way to fix it;
-figure out who you want to work with;
-figure out a way to cash flow it as you develop it; and
-figure out a way to pay yourself once you get going.”
Paul Hudnut

* Pauls point, though its that it isn’t that easy. But this is a pretty decent model about how to think & focus.

What if is powerful. Questions of curiosity, discovery, and truth seeking are powerful:

What if? This is one of my favorite two word questions.* An artist’s question. A builder’s question.

How might we…? This are my favorite three words to start a question. Implies a team. To me, a team provides fuel for any innovative spark I am lucky enough to have. And it implies a problem to be overcome.

Who could help us? A really good four word question to ask.

How do we get started? An essential five word question.

Coming up with new ideas and teams is simple. But not easy.

Really? [a one word question].
_________
Of course, bleeps, “What Sucks?” is also one of my favorite questions, and it comes before “what if ?” But “what if ?” works in even the politest of company.

(link)

Problems that matter–in a post entitled “What are you doing here”:

Entrepreneurship is hard work. So entrepreneurs should focus on problems that matter. If they ask me, I suggest BHAWGs and focusing on “What sucks?”. It all gets down to “what you are doing here?” How are you using your time and talent?

Hermione Way had a provocative post yesterday on Silicon Valley, and her impression that it has lost its way. As she asks: “What happened to irreverence, thinking outside the box, wanting to make a difference in the long run?” The thread through her post seems to be: what a waste of talent, money and ecosystem.

On your life:

Mary Oliver asks a haunting question “So, tell me, what is it you plan to do with your one wild and precious life?”

On failure, risk, & overcoming fear:

“If you are not prepared to be wrong you will never come up with anything original.” Sir Kenneth Robinson

Life is journey & destination:

“Life is a journey, not a destination.” Wise words attributed to Emerson (as well as Aerosmith), but ones I question still. Doesn’t the destination direct and shape the journey? Isn’t the destination enriched by the journey? And, anyway, isn’t life composed of many journeys and destinations? Where one’s summits are like individual notes in a piece of music, sometimes melodic, sometimes not?

For me, life is about both journey and destination, and feels best when that elusive balance between them is, even momentarily, achieved. That, for me, is satisfaction, flow and joy. It is about getting to the summit, and enjoying it. And then starting out towards the next one.

The value of investor packs:

The value of an investor pack, in terms of their networks, is often very useful in the early days of a company. With a good pack, you get wisdom, connections, and advice far beyond what a single person can provide.

(link)

What teaching entrepreneurship is about:

What seems to work best for my classes is providing a framework, discussion, and a chance to practice. A mix of encouragement, support and questions. For those that lean entrepreneurial, my classes provide examples and a chance to test out a new venture. And, I hope, a dash of inspiration. If they decide to pursue a new venture, class is just the start. Then my role becomes advising, assisting, watching.

(link)

Big Questions (great post for teachers, but also for self-reflective entrepreneurs)
The Matrix (social enterprise space mapped)
Planners vs. Searchers (References William Easterly & the Lean Start up movement)
BHAGs should proceed with humility (ie listening, humility, and questions)
Well Meaning….Well Doing
Startups as Experiment Networks
• 5 Steps to Being Heroic (note: you would be well served to read the posts about lean startup, searchers, and humility if you decide to read this one)
3 Billion Served? (scaling via systems & social franchising)
10 Tips on Elevator Pitches
Light Weight Business Models (Business Model Matrix/Lean Startup for Social Enterprises)
When Minimal Viable Product Doesn’t Work
Accidental Entrepreneur (Interview at Unreasonable Institute)
Building a board
Market Creation is Hard Work
Disruptive Education (he a number of other posts on disruption in education)
On Asking for References
Review of Paul Polaks Out of Poverty by Paul Hudnut at Stanford Social Innovation Review (check out Paul Polack’s 12 problem solving method after reading the review to get the core of the book. The book is quite inspiring however)

FYI: Thats a total of 17. I have left out some valuable ones. Hopefully this is a good start of the core principles Paul talks about.

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