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Monday

Passion for Entrepreneurship


Descriptions: Bill Aulet discusses of why he and others at MIT are so passionate about entrepreneurship, and why entrepreneurship is an important tool for solving some of society's key problems from energy to healthcare to education.

Our Instructor: Bill Aulet

So why are we so passionate about entrepreneurship as individuals? Why are we so passionate at MIT about entrepreneurship? Our mission at MIT is to enhance the knowledge of science and technology to have a positive impact on the world's greatest challenges.

So what does entrepreneurship do in that? Yeah, you can bring technology about. But let me talk about the greater challenge in the world today.

That is youth growing up and not being able to have jobs. Entrepreneurship is the hope for them. It allows them to think, you know, hey, I can grow up. And I can create my own job.

So it gives them hope. And then, if they start something or they're part of something small, they get pride in what they have. It's something that is their own. And so this is very, very important, hope, pride.

And the last thing is, it gets rigor. If it's your own-- you know, when you're in a startup, you can't rely on other people. You got to get out there. You've got to collect the money.

You've got to get up in the morning. You got to get to work. Because if you don't, things aren't going to happen.

So to us, we're extraordinarily passionate about entrepreneurship as a way to bring hope, pride, and rigor to the youth and throughout the entire world who are growing up today because the jobs are not going to be there created by the government. They're not going to be there created by big companies. You, the youth of the future, are going to have to create your own jobs. And you want to create great jobs.

And when you do that, you will have hope. You will have pride. And you will have rigor in your life. And that is why we are so passionate about entrepreneurship. And we want to export knowledge about how to be great entrepreneurs to everyone we possibly can.

Complete Entrepreneurship Course
What is Entrepreneurship
What is Innovation
Varieties of Innovation
Three Ways to Start a Company
Six Myths of Entrepreneurship
How to do Market Segmentation
What is a Beachhead Market
Passion for Entrepreneurship
Market Segmentation with SensAble Technologies Part I
Market Segmentation with SensAble Technologies Part II
From Passion to Idea or Technology
What Makes a Business
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Sunday

Four Kinds of Suggestion

Mental suggestion produces its effect upon the minds of people along one or more of four general lines or paths of action. All the phenomena coming under this head may be placed in one or more of the four classes. These four paths, or lines of action, along which Mental Suggestion operates, are as follows:

1. Obedience

2. Imitation;

3. Association;

4. Repetition.

I shall now proceed to consider these four paths, or lines of action, separately, in order, and in detail. Beginning with the first mentioned line of action, let us consider:

Suggestion Through Obedience

Suggestion operating along this line consists of the induction of mental states, etc., by the agency of a positive statement, assertion, assumption, authoritative attitude, etc., which so impresses itself upon the mind of the person suggested to that he sets up no opposition or resistance, but acquiesces quietly to the suggestion made to him.

The most common form of this first method of Suggestion is seen in the very general acquiescence to real or pretended ''authority" on the part of the majority of people.

When such people hear a statement made, positively and in a tone of conviction, by some person in authority, they accept the statement, and the feelings arising from the accepted statement, without resistance, and without any attempt to submit the matter to the exercise of their reason.

And this is true not only when the person speaking has really a right to speak authoritatively, by virtue of his knowledge, experience, wisdom, etc., but also when some pretender sets up an appearance of authority, and speaking in a positive style, assuming the "Thus saith the Lord" manner, impresses his hearers with the idea he wishes to suggest to them. And then, the good folk meekly acquiesce without question and allow their feelings to be aroused accordingly, for the feelings are generally followed by actions in accord therewith.

It is astonishing, from one point of view, to see how obedient to this form of suggestion the masses of people are. They will allow their mental states, feelings and emotion to be induced by the impudent statements, and claims of cunning, shrewd and designing men, as well as by ignorant self-deluded fanatics, who thus influence and sway them.

These self-constituted authorities utter their oracular statements and opinions in a tone of absolute certainty and the crowd takes them at their own valuation. It seems to be only necessary for some positive man to attract the attention of the people and then make some bold claim or statement, in the proper manner and tone, and with their appearance of authority, and lo! some of the people, at least, fall into line.

Did you ever think that people as a rule are "obedient animals?" Well, they are, providing you can manage to impress them with your authority. It is much easier for them to acquiesce than to refuse to do so. They find it easier to say and think "Yes" rather than "No." Their will is not often called into action by their reason and judgment, it being too, often entirely under the control of the feeling and emotional side of them.

There is a fundamental law under this phase of suggestive action, and in order to find it we must go back to the beginning of the race, perhaps farther. In the earlier days among animals and men, there were natural leaders, who ruled by force of might of body or mind. These natural leaders were implicitly obeyed by the masses, who had learned by experience that it was better for the tribe, or herd, as a whole, to be governed by their strongest and sharpest-witted members.

And so gradually this dominant idea of acquiescence and obedience to authority developed and became a fixture in the race-mind. And it is firmly planted in the mind of the race today, so much so that only the strongest minds are able to free themselves from it to any great extent. It is authority here, and authority there, in law, letters, religion, politics, and every other field of human endeavor. People do not begin by asking themselves: "What do I think about this matter?" but instead start off by saying: ''What does So-and-So think of it?"

Their "So-and-So" is their authority, who does their thinking for them, and they take their keynote from him or her. The authority induces their mental states for them.

If these leaders and authorities were really the wisest of the race, it would not matter so very much, although even then it might prevent the development of individuality in the masses. But the worst feature is that the majority of these "authorities" don't know, and know that they don't know, but the people haven't found them out.

They assume the manners, air, appearance, etc., of "the real thing," and the people being accustomed to these symbols of authority, and mistaking the imitation article for the real, are impressed by the authoritative utterance and accept the suggestion.

This fact is well known to the classes that prey upon the public. The "confidence men" in and out of the criminal class, assume this air of authority, and their suggestions are accepted by the people.

They are good actors—that is one of the requisites of the suggestionist, and these people understand the law. They proceed upon the theory accredited to Aaron Burr—that remark, you may remember, was that "the law is that which is boldly asserted and plausibly maintained." And so these folk keep on "boldly asserting," and "plausibly maintaining," and find that "it generally goes."

To see a principle in its naked simplicity one should look for its operation in extreme instances. And the extreme instance in this case is the hypnotic "subject" who has surrendered his judgment entirely to the mind of the operator.

The "subject" will acquiesce in the most absurd suggestions from the operator and proceed to carry them into effect. And suggestion, you know, is the active factor in hypnotism, the hypnotic condition being only a psychological condition in which the effect of suggestion is heightened.

But one does not have to go to the ranks of the somnambules for striking illustrations, for such are to be found in all walks of life among people who have no individuality of their own, but who seem to live and act entirely upon the "say so" of others.

They have no quality of initiative, but must always be told just what to do, and how to do it, by others. These people will accept almost any kind of suggestion, if made by others in an authoritative tone and manner.

They do not have to be persuaded by argument, but are fairly driven and ordered to do things by stronger-willed persons. They are impressionable and "sensitive," and seem to have no wills of their own. These people are very suggestible, and every day's history records many startling cases of the effect of suggestion through acquiescence on the part of such people.

The key-note of this form of suggestion is a positive statement or command, given with the air and appearance of authority. The secret of the effect is the tendency upon the part of the majority of people to acquiesce in an authoritative statement or command, rather than to dispute it, and the tendency toward thinking "Yes" rather than "No!"

This form of suggestion is to be observed in the highest degree among those who have always depended upon others for orders, or instruction, and who have not had to "use their own wits" and resources in life.

Unskilled laborers and the sons of rich men belong to this class as a rule. These people seem to need someone to do their thinking for them, even in the smallest events of their lives, and are most suggestible along these lines.

Then the degree of suggestibility along these lines decreases as we ascend among people who have had to "do things" for themselves, and who have not depended upon others so much. It is the slightest among people who have had the ordering of others to do, or who have had to depend upon their own wits in getting through life—the men of marked degree of initiative have scarcely a trace of this form of suggestibility. "Initiative," you know, is a term for "doing things without being told"—using one's own wits and resources—the true "American Spirit" (which so many Americans lack).

The degree of power in giving this form of suggestion depends materially upon the development of will on the part of the suggestor, and also upon his assumption of the appearance, manners, air and tone of authority, the latter requisites being the outward symbols.

If one has the Will-Power strongly developed, the symbols will appear of themselves as a natural consequence. But to those who have not the developed Will-Power, and whose authority is more or less "counterfeit," the assumption of the outward symbols becomes a matter of great importance, and these people devote much study to the cultivation of these outward forms.

And these "counterfeit" symbols—the art of the actor—serve their purpose to impress and suggest to the crowd, and their assumers set up a very brave front and obtain a very fair degree of success in the part they are acting—that is, until they come in contact with a man of real Will-Power, when they gracefully retire after the first clash of mentative swords.

To those who are negative and who are too susceptible to this form of suggestion, I advise the cultivation of Will-Power, which will be fully taught in the later chapters of this book, entitled "Mental Architecture," etc. Nothing but the cultivation of the Will will render one positive and impervious to suggestive influences of this sort.

The second line of action of Mental Suggestion is that called:

Suggestion Through Imitation

This form of Mental Suggestion is very common—perhaps the most common of all the forms. Man is essentially an imitative animal. He is always copying the actions, appearances and ideas of others, thereby going to prove his descent from the monkey-like ancestors, in whom this trait of character was largely developed.

Personally, I believe that those traits of imitation may be traced back to the early days of the race, or before, when animals and men were in a wild state, and exposed to constant danger of attack of enemies. Then a motion of fright on the part of one would be communicated to the others of the tribe, and gradually the trait of instinctive imitation was developed, the traces of which are still strongly with the race, even to this day.

We may find instances of this trait all around us. When we watch a tight-rope walker, our bodies instinctively sway in imitative motion. When we watch the faces of actors on the stage, our own faces work in sympathy, more or less. And so it goes on all around us, and in us—ever the tendency toward imitation. Children manifest a great degree of this trait and copy and acquire the mannerisms of those around to a surprising degree of detail.

This form of Mental Suggestion is very common. People are constantly taking up the suggestion of the mental states, feelings, and emotions of those around them, and reproducing them in their own acts. The majority of people are like human sheep, who will follow a leader everywhere and along all sorts of paths.

Let the old bellwether jump over a rail, and every sheep in the flock will do likewise—and they will keep on jumping over the same place, at the same height, even if the rail be removed before the whole flock gets over. We are constantly doing things simply because other people do them. We are constantly aping after others. In our fashions, styles, forms, etc., we are servile imitators. Larry Hehr shows a vest button hung by a thread and all the young apes in the land follow suit. Funny, isn't it?

This law of imitation plays an important part in the phenomena of Mental Suggestion along these lines. Somebody does a certain thing and at once other people take up the suggestion and copy the original actor. Let the newspaper record a certain crime and many others of the same type follow closely after. Let there be a suicide, and many others follow, usually adopting the same methods.

Let there be a number of cases of some kind of folly and dissipation, and immediately there is "an epidemic" of the same thing. Let the papers say much about the appearance of a new disease, and at once a number of people manifest symptoms of it. Diseases get to be quite the fashion in this way.

The feelings and emotions of the instinctive part of the mind are called into sympathetic action along the lines of imitative suggestion, and physical effects follow shortly after.

Shrewd men take advantage of this tendency of the human mind, and, by getting a few people interested in certain things, they manage to set the fashion, and the crowd follows like sheep. Get people talking about a thing, and the contagion spreads until everybody is interested in the matter.

The majority of people are more or less susceptible to this form of suggestion, the degree depending upon their habit of thinking, judging and acting for themselves. The man or woman who has ideas of his, or her, own, is not so apt to be impressed by every wave of popular fashion, style and thought as those who maintain a more negative attitude toward the minds of others.

The method of curing an undue tendency toward imitative action is to start in to build up your individuality, and to develop positivity, along the lines mentioned in the concluding chapters of this book.

The third line of action of Mental Suggestion is:

Suggestion Through Association

This form of Mental Suggestion is very common. It is based upon the acquired impressions of the race, by which certain words, actions, manners, tones, appearances, etc., are associated with certain previously experienced mental states. Mental States take form in physical action and expression, as we know. A man feeling in a certain way is apt to express himself by certain actions or in certain words.

These actions and words thus become symbols of the mental state producing them, and consequently they produce upon the mind of the person seeing or hearing them the mental image connected with that mental state And this mental image is calculated to induce a similar or corresponding state in the mind of the person seeing and hearing.

So that these symbols are really Mental Suggestions, since they tend to induce mental states.

I wish to remind you that every written, printed or spoken word, or words, is the outward and physical expression of some inner mental state of the person uttering or writing the words. The words are the "outward and visible signs" of an "inward feeling"—remember this always.

Mere words, in themselves, have no suggestive value—the value depends upon the meaning impressed upon them by the mind of the person using them accompanied by an understanding of their meaning by the person hearing or reading them. The word "horror," for instance, or "uncanny," has a definite meaning to persons familiar with it.

It bears a direct relation to a mental feeling, or emotion, and is the physical and outward expression of the same. One may say the word over and over again to a person who has never heard it, or to one of another race who does not understand the term, and no suggestive effect follows.

But speak the word to one who is accustomed to connect and associate it with a definite feeling that they have experienced, and the feeling will be produced, or "induced," if the circumstances of the use of the word be favorable. The word '' love,'' used properly, will awaken in the mind of its hearers feelings corresponding with the term. And these feelings must have been experienced before, either directly or indirectly, before they may be induced by suggestion. Feelings experienced by one's ancestors leave a record in one's subconscious mentality, which may also be induced by the appropriate suggestion.

Personally, words seem to me to be like the wax record of a phonograph. The record is covered with minute impressions produced by the sound-waves entering the phonograph.

Place this record in its place in the phonograph and start the latter in motion and lo! the minute impressions on the record will reproduce or "induce" in the diaphragm the same kind of sound-waves that originally caused the impressions. In this way a word, which is the physical symbolic record of feeling, will produce its associated feeling in the mind of the person hearing or reading it.

And, as I have said, the feeling produced will depend largely upon the understanding of the meaning of the word held by the person receiving the impression. For instance, in the case of the word "love," let us suppose that the term is strongly and feelingly suggested to a number of persons at the same time, and in the same way.

You will find that the feeling induced in the one person will be that of love of parents; in another love of children; in another love of husband or wife; in another love of God; in another an exalted affection for some person of the opposite sex; in another the low animal passion for one of the other sex; and so on, each experiencing a feeling occasioned by his or her association of the word with some feeling previously entertained.

The same word may induce a feeling of the greatest pleasure in one person, and the greatest horror or disgust in another—the difference depending upon the association of the word in the mind of the two persons.

I have dwelt upon these facts in order to make clear to you that there is no magic power in words in themselves, and that all their force and effect depends upon the associated feeling of which they are the crystallized physical and outward former symbol. The word is the body—the feeling is its soul.

And so it is with the suggestion of appearance, manner, surrounding, etc. Each of these depends for force and effect upon some accustomed association with some inner feeling, which feeling is reproduced or induced by the outward symbol of the thing.

We associate certain things with certain feelings, and when we see these things we are apt to experience the feeling indicated. People have been overcome by the sight of a picture, or a scene in a play—a song—a poem—or suggestive music.

And here is where the art of the suggestionist comes into play. He watches closely and discovers that certain words, tones, manners, appearances, actions, motions, etc., are associated in the minds of people with certain feelings and ideas.

And so when he wishes to reproduce, produce, or induce in others these ideas or feelings, he simply reproduces the associated physical symbols, in words, manner, motion, or appearance, and the effect is produced.

The conjurer makes certain motions with his hands which you have always associated with certain actions, and you feel that the action itself has been performed—but the conjurer omits the action, and you are fooled. The "confidence man" assumes the appearance, manners and actions which you have always associated with certain qualities of character and you feel that he is what he seems to be—but he isn't, and you are fooled.

This "play-acting" of people is all a form of suggestion, and you are fooled because you accept the symbol for the reality, unless you understand the game. The actor assumes the actions, tones, dress and words of certain characters, and if he is a good actor you forget the reality and laugh and weep, and otherwise feel that what you see is reality, although you really know underneath it all that it is only a play. And all this is mental suggestion remember.

Remember, now and always, that a mental suggestion operates by the presentation of the outward symbol associated with the feeling to be induced. Put the right record in the phonograph and the corresponding sound is produced or induced. Do you see? This law underlies all the phenomena of Mental Suggestion—understand the law of suggestion and you have the master-key to the phenomena.

Oratory, and other forms of appeal to the feeling by spoken words, gives us a typical example of the operation of this form of Mental Suggestion. The orator; the lawyer; the preacher; each uses words calculated to induce mental states, feelings and emotions, in the minds of his hearers. Such a one soon begins to learn the suggestive value of words, tones, and expression.

He avoids the use of cold, abstract words, and drifts into the use of those which are symbols for deep feeling and emotion, knowing that these word symbols uttered with the proper tone and expression will induce the feelings for which they stand in the minds of the hearers. The hearers' emotions and feelings are played upon, in this way, like an instrument. The emotion or passion, whether it be love, fear, hate, greed, patriotism, courage, jealousy, sympathy, etc., etc., is awakened by the skillful use of the words, tones, and expression which stand as symbols for these feelings.

If you will remember how you were touched by an address that afterward seemed to you to be hyperbolic and flamboyant—without argument, proof or sense—then you will realize how you were made the subject of Mental Suggestion through association.

The skillful salesman operates upon you in the same way. So does his twin brother, the advertising man. The revivalist has this art reduced to a perfect science.

Words—words—words—inciters to action; inducers of feeling; symbol of mental states, and reproducers of mental states—despise them not; sneer not at them, for they have brought down low the mightiest of minds, when properly used. Even when written, their potency is great.

Countries have often been made captive by a clever phrase, which when analyzed meant nothing in reason—merely an awakener of feeling. Let me make the catchphrases of a country, and I care not who makes its laws!

The man best adapted to employ this form of suggestion is he who is more or less of an actor—that is, who possesses the faculty of throwing "expression" and "feeling" into words, actions and manner.

Good orators, pleaders, salesmen, and others have this faculty largely developed. It belongs to the feminine side of the phenomena, for it has the "charming," drawing, leading aspect, and works by the employment of the emotive-pole of mentation, rather the will or motive pole, as in the case of the first mentioned phase of suggestion—that of authoritative statement or command.

It operates not by beating down the will of the other person, but rather by inducing a sympathetic rhythm of feeling and emotion, which overpowers his own will, and causes it to act accordingly.

One should ever be on guard against this kind of influence. The best way to escape it is to adopt the policy of never acting immediately in response to an appeal of this kind. Rather wait until the effect has worn off, and then submit the matter to the consideration of your reason and judgment.

Of course, the cultivation of will-power will act as a shield or armor, protecting you from the subtle vibrations of this kind, for this form of suggestion is usually accompanied by strong mentative currents from the mind of the speaker. Fence yourself off from a too ready response to sympathetic appeals along the emotional lines. Let the head stand by the heart, ready to prevent its running away with you.

Men should have the reason in the ascendant, not the emotional nature. When you feel yourself being carried off of your feet, by some emotional excitement, steady yourself and ask your mind this question: is this a mental suggestion?

The question will tend to bring you to your state of equilibrium. When you know what a Mental Suggestion is, then you will learn to recognize them, and be on the lookout for them. This state of mind will act as a strong neutralizing agent for the most skillfully put suggestion. Have your torpedo nets out, no matter how secure you may imagine yourself to be.

One caution more —be especially cautious, and slow to accept a suggestion when you are worn-out, tired, or in a passive, pleasurable state—that is, whenever your will is resting; or else exhausted. On these occasions, "when in doubt, say No!" You will save yourself much regret by remembering this bit of advice. It is based on a proven psychological law. I have learned this law by bitter personal experience. Remember it!

Let us consider the fourth line of action of Mental Suggestion:

Suggestion Through Repetition

This form of Mental Suggestion is quite common, and the study of its manifestations is quite interesting, for it brings into operation a well known psychological principle, which has its correspondences in the physical world —"constant dripping will wear away the hardest stone."

You know the story of the man who told his favorite lie so often that he believed it himself? Well this is a psychological fact. People have started in to make a certain appearance of truth, in words, or manner, by assuming something to be true that was not so.

Then they kept on repeating the thing, adding a little here, and a little there, until the thing got to be "a fixed idea" with them, and they actually believe it. And if a person can suggest himself into accepting a false belief in this way, you can see how it will operate on others.

The secret of the operation of this form of suggestion lies in the psychological facts of "weakened resistance through repetition of the "attack," and the "force of habit."

The first time an unaccustomed suggestion is made, the mind sets up an active resistance; but the next time it is presented, the suggestion is not quite so unfamiliar as before, and a lessened resistance is set up; and so on, until at last no resistance is interposed, and the suggestion is accepted. You know the old verse:

"Vice is a monster of so frightful mien,

That, to be hated, needs but to be seen.

But seen too oft, familiar with her face,

We first endure, then pity, then embrace."

And this rule holds good with suggestions. We first resist them; then endure them; then accept them—unless we understand the law.

The psychological fact involved in this form of suggestion is that impressions upon brain-cells become deepened by constant repetition. It is like sinking a die into a cake of wax—it goes deeper at each pressure.

The mind is very apt to accept as true anything that it finds deeply impressed upon its records. It has become accustomed to finding these deep impressions only when they have been made by repeated efforts of its own intellect, or judgment, or experience, and so when it finds these deep impressions that have been placed there by repeated suggestions of others, it is not apt to discriminate.

It finds itself "feeling" these things that have been repeatedly impressed upon it. Like the cuckoo's egg in the robin's nest, these illegitimate mental impressions are nurtured as one's "very own."

There is a constant struggle for existence upon the part of the ideas, or mental images impressed upon me. The strong crowd out the weak. And in the majority of cases, the strongest ones are those which have either been impressed in a vivid manner, or else by repetition.

The second time you meet a man, you may have trouble in remembering him; but the third time it is easier; and so on, until at last you forget that he never was a stranger. And so it is with these suggested ideas—you grow familiar with them through repetition; they lose their strangeness to you; and at last you cease to concern yourself about them.

A strange thing is generally inspected, examined, viewed suspiciously, etc., but after the strangeness has worn off you cease to exercise the former caution. "Familiarity breeds contempt."—and also lack of caution. Suggestion gains force by each, repetition. This is one of the fundamental laws of suggestion, and one that all should remember.

If you would take mental stock of yourself, you would find that you entertain a vast number of feelings, ideas and opinions, which you possess simply through this law of repeated suggestion. You have heard certain things affirmed, over and over again, until you have come to accept them as veritable facts, notwithstanding that you possess not the slightest personal knowledge of any logical proof, concerning them.

Shrewd molders of public opinion employ this law, and constantly repeat a certain thing, in varying words and style, until at last the public accepts it as a proven and unquestioned fact.

Many a man has gained a reputation for wisdom, merely because his friends repeatedly affirmed it, and the public accepted the suggestion. Many a statesman has had a reputation built up for him by friendly newspaper correspondents, whose constantly repeated suggestions have caused the idea to crystallize into a material form in the public mind. And many a reputation has been destroyed by the repeated shrugs, sneers, and insinuations of gossips and evil-wishers.

Advertisers understand this law, and keep the repeated suggestion of the merit of their wares constantly before the public mind, until it becomes gospel with the people. "If at first you don't succeed," and ''Never take No! for an answer,'' are two axioms very dear to the heart of the man who uses suggestion ''in his business.''

Do not be deceived by this subtle form of suggestion. Do not imagine that an untrue thing becomes true because it is repeated often. Do not allow your judgment to be lulled to sleep by this drowsy repetition of the slumber-song.

Keep awake—keep awake! An understanding of this law of suggestion will throw light on many things that have puzzled you heretofore. Think over it a bit, when you have time.
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What is a Beachhead Market?


Descriptions: Description of the concept of the beachhead market, and its importance and place in the entrepreneurial journey.

Our Instructor: Bill Aulet

Now, let's talk about step number two-- selecting a beachhead market. What is this step about? The step number two is about taking one of the many markets that we've-- we've laid out in the market segmentation and now choosing one of them that we're going to focus on. And why do we do this? Because as an entrepreneur we have limited resources. And we have to consolidate those resources to take on the great challenges that we. We have limited amounts of money. We have limited amounts of time. And we have limited amounts of human capital.

So we need to take that and we need to apply it in a very focused way. So how do we do this is the question. So market segmentation gave us-- was we started with many that we brainstormed. We brought it down to a few-- six to eight. But now how are we going to choose the one market that we're going to go after?

Well, the one market that were going to go after is not going to be the biggest market most likely. It's going to be the market that's going to be the easiest for us to capture. And not only just the easiest enough to capture. It's going to be big enough such that we will have enough cash flow and built up enough critical mass that we will then be able to move on from there.

Think about the term beachhead market. In a military operation, what you're trying to do is you're trying to land on a beach and then secure that beach, but then that beach is strategic because then you're going to expand out from there. So it's got to be big enough so that we can land our boats on it. It's got to be sufficient that we can start to build up enough people on the ground. And then it's got to be such that we can then conquer additional territories from there.

So we don't want it to be the biggest possible market. We want it to be the lowest hanging fruit that we can get, but it's fruit that's big enough that will allow us to get to be cash flow positive, and then position us to win additional markets. That's what the definition of a beachhead market is, why we do it, and generally, how we're going to go about doing it.

Complete Entrepreneurship Course
What is Entrepreneurship
What is Innovation
Varieties of Innovation
Three Ways to Start a Company
Six Myths of Entrepreneurship
How to do Market Segmentation
What is a Beachhead Market
Passion for Entrepreneurship
Market Segmentation with SensAble Technologies Part I
Market Segmentation with SensAble Technologies Part II
From Passion to Idea or Technology
What Makes a Business
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Saturday

Dynamic Individuality

For the purpose of illustrating the personal qualities of the dynamically positive man, along the lines of Personal Influence, I shall proceed to describe these qualities as existing in a person whom I will call the Dynamic Individual. Let us consider this man as an actually existent individual, in our treatment of him.

You must endeavor to imagine him in this way, that you may understand his qualities. He is a very positive man, magnetically one of the examples of a strong, forceful man of affairs, who is constantly meeting people, and having relations with them. How does such a man act, talk, look, move and conduct himself? Let us see!

In the first place, let us consider his appearance. He may be tall or short; dark or fair; stout or slender—these things do not count. But, notice this, that no matter which of the characteristics just mentioned he may possess or lack, he has a certain "air about him" that all may recognize, once they have seen it in anyone. Let us notice this "air" carefully, for it may give us a clue.

The principal feature about this "air" of the Dynamic Individual is its suggestion of self-confidence and fearlessness. Our man seems to have a certainty of an inward power and force about him. Not the blustering, self-important air manifested by the pinchbeck imitators of our man, but a calm, contained, poised consciousness of strength and self-confidence.

Our man seems to feel that there is "something in him" that gives him a strength and firmness unknown to the majority of people. Every such man has this inner consciousness, and I shall tell you what it is.

As I said in the first chapter, there exists in Nature a Universal Dynamic Mental Principle. In this principle each individual is a Center of Power. This Dynamic Principle in its outward manifestations of one pole of its energy, at least, resembles a universal will. That is, while its inner nature cannot be known, yet in the outer aspect of one of its poles of energy it resembles a universal will in operation everywhere. And, so, we are justified in thinking of it as Universal Will-Power.

The more positive a man becomes, in dynamic mentation, the closer does he become in contact with this Universal Will. And the closer he is to this Universal Will, the more positive does he become. It is a case of action and re-action. "To him that hath shall be given" applies in this case. The quality of dynamic positivity draws one to the Universal Will, and the nearness to this will renders one more and more positive.

But there is this to be noted in connection with this truth. When a man feels the sense of power that comes from a mental relation with the Universal Will, and allows the energy to flow through him, and to manifest in his acts, he has a reservoir of willpower back of him which is inexhaustible and never failing.

But if, in his conceit arising from some successful action, he begins to think that the power is due to some "personal strength," then he becomes "conceited" and "the pride of personality" grows upon him. This is where he makes his mistake. By this personal view of the matter he fences himself off from the Universal Will and limits his force to that portion which is locked up within his own mind, induced there by the will of the universe.

Such a one separates himself from the source of power and puts up a barrier between himself and the universal supply. This is in accordance with the inner teachings of the great schools of occultism, and which teachings agree perfectly with the latest theories of modern Science.

There is a great ocean of Universal Will, in which we are but centers of activity, and if we will but open ourselves to the power and will contained therein, we will have an unfailing store of power upon which to draw.

Let us pause for a moment and see what forces are combined in this active mentative center. In the first place we see that the dual aspect of the Mind-Power manifests itself always. That which we have called the Desire-Force, and that which we have called the Will-Power, appear as the two mentative poles. You know this well, for you have studied the previous chapters wherein this point is brought out and illustrated.

But here is an aspect of the matter that I did not bring out in those chapters. I allude to the resemblance of the two phases of Mind-Power, i.e., Desire-Force and Will-Power, to the physical phenomena of magnetism and electricity respectively.

Desire-Force, like magnetism, manifests in a drawing, pulling, attracting power; while Will-Power, like electricity, manifests in a pushing, compelling, driving power. Desire-Force, like magnetism, tends to draw things inward and to itself; while Will-Power, like electricity, tends to drive things outward and away from itself.

This dual manifestation of energy is seen all through Nature in all of its manifold forms and conditions. There is ever the drawing in to a center—and there is ever the pushing outward from the center. And this law manifests upon the mental plane as well as upon the physical plane.

We have heard much of people being "magnetic," that is, having the power to attract persons to them—but that is merely one phase of the operation of dynamic mentation.

We do not hear so much about people being "electric," and yet the term is just at proper and applicable as the term "magnetic." "Electric" people are the people in whom Will-Power is strongly developed and manifest. These get "after" others and make them do things.

They are the active, energetic, forceful men and women who get behind things and push them along. All great leaders possess this phase of energy to a marked degree. The mere mention of the matter to you will cause you to think of instances of people who possess mentative "electricity."

There are men who are able to make the crowd around them do their bidding—they are able to work their will upon the mass of people. These men are seen to possess a strange power, but very few understand it. It is entirely different from the fascinating, alluring, charming, attractive personality of the "magnetic" man, for it forces, and compels by sheer force of character and will, instead of drawing and attracting.

You will see why I have spoken of these two phases as masculine and feminine respectively when you consider their different manner of manifestation.

But, while both of these forms of power, the "magnetic" and the "electric," have their strong points and advantages, I hold that the highly developed individual must have both of these phases developed highly. In short, instead of being merely very "magnetic," on the one hand, or very "electric," on the other hand, the ideal man must be "electromagnetic."

In other words, he must have both sides of his mentative energy highly developed and in full operation. In this way he is able to manifest a combined influence which will make him a very giant of dynamic mentation—A DYNAMIC INDIVIDUAL.

I would advise all who wish to become dynamic individuals to cultivate the mental image of the Universal Will—think of it as a great ocean of Will-Power, in which you live, and move, and have your being.

Feel yourself in touch with it. Think about your relation to it, constantly, and you will find that your mind will gradually open out to admit of the inflow of its power. And when you learn to know the real source of power, then you will no longer deceive yourself and attempt to shut off the flow of the Universal Will by erecting petty personal barriers of conceit.

This inner consciousness of the dynamic individual, especially if he understands its true nature, will react on a man's personal manner and appearance and cause to manifest in him that calm, serene, positive "air" of power, will and strength, that the great leaders of men always possess.

And that "air" is in itself a mighty suggestion to others, for the world has learned to associate it with power and ability. Just as the feeling manifests itself in action, so will the outward action tend to induce the inward feeling, as I have told you.

If you will endeavor to imitate and reproduce the outward carriage, manner, "air" and demeanor of this dynamic individual, you will have taken a step toward inducing a corresponding Mental State in yourself. But do not remain satisfied with this—go right to the fountainhead and receive your power direct from the Universal Will.

But there is something else about the dynamic individual which is different from Will-Power. The will is a cold, keen, powerful force, devoid of color— it is like a great natural force devoid of feeling or emotion, although acting in response thereto. What other great force is manifesting strongly in our dynamic individual? Desire-Force! Yes, that is the other great force within him—Desire-Force.

No matter how strong a will a man may have, even though he gets in the closest touch with the Universal Will, he will accomplish nothing unless he be possessed of a developed desire. One must "want" to do things, before he wills to do them. Let us see what this Desire-Force is.

The Universal Mind-Power seems to be a strong something, containing within it all the force and energy there is in existence. It does not seem to have the attributes of personality about it, except when it becomes manifested in personal minds, or centers of power.

When a personal center, or personal mind, is established in the Universal, then there seems to spring into manifestation a creative desire, which constantly urges toward outward expression.

This Desire-Force is seen all through Nature, in all of her forms, and is inherent in all that we call Life Energy—that is, the energy which prompts the building up of form and shape. This Desire-Fore causes the seed to sprout and the plant to grow—the cell to multiply, and the higher forms to evolve from the lower. It is the essence of the great Creative Life Energy ever manifest in Nature. It is essentially a feminine principle, and is constantly desiring to "give birth," "bring forth," "create." It stirs the will into action, and never is satisfied unless it is performing creative work, mental or physical.

Now, there are persons who seem to possess but very little of this Desire-Force, except on the physical plane. Their mental plane manifests very little of this force, and consequently they accomplish little or nothing of the world's work, and merely carry out the desires of others.

But there are others who have this force manifested most strongly within them. They are possessed of a craving, longing, desiring force that impels them to "do things." That is, it fills them with ardent desires, along mentative lines of creation, which are ever crying out for satisfaction. The strong men and women of the world have this Desire-Force highly developed, and its effort toward expression is what causes these people to accomplish things.

Now do not mistake me. This desire is not always in the direction of "owning things," but rather in the direction of "doing things," It is true that when one's desires are along the line of accumulation, the force will be bent in that direction; but it may be less along these lines, and in that case the accumulation will be a mere incident of the "doing."

Our dynamic individual has a great deal of Desire-Force within him. He "wants" to do certain things, and he wants to do them very much. He wishes to accomplish certain ends, and the desire becomes an ardent, glowing force that stirs up the desires in those around him, and at the same time incites his own will into action. His Desire-Force combines with his will, and wonderful things are accomplished.

When you come into contact with a man of intense desire, you can fairly feel the force emanating from him. Our dynamic individual has learned to concentrate his Desire-Force. When he wants some particular thing, he forgets about the minor things, and focuses his desire upon the particular thing craved by him, and thus draws it toward him with intense energy.

The will drives, forces, impels and compels, with a "push"—the Desire-Force draws, induces, pulls toward one, with an irresistible "pull." When our dynamic individual meets you, and wants you to do something, you can feel the pull of his Desire-Force, drawing, coaxing, inducing, alluring, and attracting you toward him and his objects.

One who wishes to "do things" should keep the flame of his desire burning bright. He should continually pour upon it the oil of suggestion, and place before it the lantern-slides of the mental images of the thing desired. If you will study the man of strong desire, you will see that he draws everything toward him that he wants.

He has a "pull" upon things and leaves nothing undone in the direction of his want. He is hungry and thirsty with desire, and he seeks satisfaction wherever it may be found, his wits being sharpened by the intensity of the desire.

And he draws people to him by the very strength of his Desire-Force. You will find that people will instinctively fall in with the suggestions and urgings of the strong desire man.

People, as a rule, are "drawn" rather than "pushed" or forced into a thing. The seductive, drawing, charming, fascinating force of men is that of Desire-Force, not of Will-Power. Yes, again I say to you that he who would succeed must, of necessity, keep his fire of desire burning bright and fierce, else it will not awaken into action his own will, nor stir the desire in others.

We talk much about Will-Power, and its possession, but the majority of men fail because they do not desire things hard enough. They must want things "the worst way," and then they will bend everything toward getting them.

This is true in the case of both good and evil desires—the law is the same in both cases, and operates along the same line. We are acquainted with the disastrous consequences attendant upon the possession of evil desires, and have seen many instances of the harm wrought upon others by reason thereof.

But did you ever stop to think that the same degree and intensity of desire, turned in the right direction, would accomplish wonders of good works? If you will put into your plans of proper attainment and aspiration the same degree of energy that the evil man puts into his schemes of selfish gratification, you will be able to move mountains of difficulties.

This Desire-Force in the dynamic individual is that which causes us to feel that "he wants this thing, and is going to have it," You know the feeling, if you have come into contact with strong men. And they draw their own to them by the exercise of this elementary force of Nature.

They learn that by mentally drawing to themselves a supply of the Universal Energy they are enabled to transform it into Desire-Force, as well as Will-Power—the emotive pole is charged, as well as the motive pole. Both draw from the same source, and both have a constant source of supply.

And both may manifest a wonderful degree of this transformed energy, in the shape of Will-Power and Desire-Force. In our dynamic individual, both poles are fully charged, and in active operation.

Now I have said enough about the theory of the dynamic individual. I shall ask you to read over what I have said above several times—in fact reread it until you thoroughly understand it. And then I shall take you on to the practical work and exercises calculated to develop in you the qualities of that individual. Taking it for granted that you have carefully considered what I have just said, I shall ask you to perform the following exercises, etc.:

EXERCISE 1. In order to realize the reality of the statement that you are a centre of Mind-Power, you must first enter into a realization of the existence of a Great Ocean of Mind-Power itself. Do not pass over this lightly, for it is most important. You must begin to create a mental picture of the Universe as a Great Ocean of Living Mind-Power, vibrating with life and force and power.

Endeavor to make this mental picture so clear that you can "see it with your mind's eye," and until it becomes a reality to you. Picture yourself as alone in the Universe and surrounded on all sides with a vibrating, pulsating sea of energy, or power. See that power is locked up in that ocean, and that the ocean exists everywhere.

Shut out from your mental field all other persons, things or conditions. Imagine yourself as alone in the great Ocean of Power. You must practice frequently upon this mental picture until you are able to visualize it distinctly. This does not mean that you have to actually see it, just as you do this printed page; but that you should be able to actually feel it.

You will begin to understand just what I mean after you have practiced this a little. This Great Ocean of Mind-Power must become real to you—and you must practice until it does so become.

The importance of the above exercise may be understood when I tell you that it will be impossible for you to manifest more than a moderate degree of power until you are able to realize yourself as a real centre. And it will be impossible for you to realize yourself as such a centre until you realize the existence of the Ocean of Power itself.

For how can you think of yourself as a centre of power, in an Ocean of Power, until you realize the existence of the Ocean itself? The Universal Ocean of Mind-Power contains within itself all the Mind-Power, force and energy that there is. It is the source from which all forms of energy arise. It is filled with an infinite number of tiny centers of energy, of which you are one. And in the degree that you draw upon it for strength, so will you receive strength.

By all menus endeavor to clearly visualize this Great Mind-Power Ocean, for it is the source of all the force with which you are filled and which you hope to acquire. Enter into this great realization, friends, for it is the first step to power.

EXERCISE 2. The second exercise, which will tend to increase your vibration as a centre of Power, is as follows: Picture yourself clearly as a CENTRE OF POWER in the Mentative Ocean. While seeing the Ocean on all sides of you, you must see yourself as the Centre of it.

Do not be frightened at this idea, for it is based on the Truth. The highest occult teaching informs us that the Great Mentative Ocean has its centre everywhere and its circumference nowhere. That is, that being infinite in space, there is no finite spot that is really its centre and yet, on the other hand, every point of activity may be called its centre.

Being extended in every direction infinitely, its circumference is nonexistent. Therefore you are most certainly justified in considering yourself as a centre of the Ocean of Mind-Power. Each dynamic individual is such a centre, and each has his world circling and revolving around him. Some have a small world, and some have mighty ones.

There are centers so mighty and exalted that the human mind cannot grasp their importance. But even the tiniest point of activity is a centre in itself. So hesitate not, but begin to form a mental picture of yourself as a centre of power.

Practice this exercise until you can clearly feel yourself as a centre of power. You must learn to think of yourself as a focal point of force in the great Ocean of Mind-Power.

Just as the great body of electricity manifests itself in tiny points of activity, so does Mind-Power express itself in you who are a point of activity within itself. In urging you to perfect yourself in this realization I would impress upon you the fact, known to all advanced occultists, that in the measure of your realization of this mighty quality of the Ego will be the measure of the power possessed by you.

All of the strong men of our times, and of all ages, have had this realization, intuitively or instinctively; that is, although they may not have known the philosophy or science of the matter, they have felt this sense of the power of the Ego in themselves, which gave them the confidence to do things and the Will-Power and Desire-Force to carry out their undertakings.

It is this feeling of inherent strength that makes men strong and successful and positive. And this feeling and realization may be developed and unfolded within anyone, providing he wants it "sufficiently." By the exercise of your desire and will you may build up this realization of power, and in the building up there will come to you a constantly increasing stream of desire and will. In the measure of your expression will be the measure of your impression from the source of all positive impression.

EXERCISE 3. The third exercise consists in the realization of the nature of the Power. This force, energy or power with which you are being filled, and which you are now attracting toward your centre, consists of the electrical manifestation of Will-Power and the magnetic manifestation of Desire-Force.

These two constitute the dual phases of the one force—Mind-Power. And, therefore, you must begin to realize that these qualities are within you in order that you may be able to express them, and thus gain the additional and increased power that comes to those who do express them. You must

begin to realize that you have a will which is capable of impressing itself on the things, persons and circumstances of your world—and you must begin to realize that you have a desire which attracts to you the things, people and circumstances of your world, and which, in fact, draws to you the very material from which your world is made.

When you realize this dual force within you, it will begin to express itself automatically. The act of realization causes the mental machinery to begin to work smoothly and effectively. Therefore picture to yourself this dual force within you. See yourself as influencing, and acting upon the world around you. See yourself as a power in the land.

And also see yourself as an attracting force, drawing to you that which you need and want and require, consciously and unconsciously. Picture yourself as a Dynamic Individual. You are an individual because you are a centre of power. You are dynamic because you possess the Electric Will and the Magnetic Desire—the twin-poles of Mind-Power.

Carry with you this thought constantly and repeat it often to yourself and you will find it a source of Power—you will find the Power pouring into you when you say or think it. When you feel weak, or when you feel the need of additional Power, use this Statement of Power:

"I AM DYNAMIC!"

And when you say it, or think it, you must picture to yourself just what you mean by the statement, hence the importance of knowing just what is meant.

Do not pass over this Statement of Power as unimportant, but try it in actual practice and you will realize what a Battery of Power you have become. Those around you will soon become aware of a new sense of power within you.

Keep this Statement of Power in yourself. Do not invite the ridicule of those around you by telling them the source of your Power.

Do not bother about them—if they are individuals themselves they will understand without being told; and if they are not all the telling in the world would not make it clear to them. Hoe your own row and mind your own business—and let them do the same.

No one can build up his individuality except from within. And each must work out his own salvation and climb the ladder of attainment for himself. And the sooner that people learn this the better will it be for all. Don't be a leaner, or a leaning-post. Don't lean on anyone else—and don't let anyone lean on you.

There has been too much of this foolish business about living other people's lives for them, or letting other people live your life for you. Each man or woman must grow into an individual by his or her own work and life.

There is no such thing as vicarious individuality. Don't be afraid to "assert the I"— to claim your rightful heritage and birthright to be an individual, and not a parasite. And don't be afraid to shake off and trim off the parasitic persons that have encumbered your own unfoldment toward individuality.

Let the parasites take root in the earth, just as you have done; let them fasten their roots in the great body of strength and power instead of in the mental body of someone else; let them stop their second-hand nourishment and learn to draw from the first source.

This is the only way, and the lack of the knowledge of it is filling the world with weaklings instead of with individuals.

Therefore think of these things; hold them well in mind when you make your Statement of Power;

"I AM DYNAMIC!"

In considering the qualities that go to make up the person in whom Dynamic Mentation is likely to be strongly developed, I may mention the following:

(1) Physical Well-Being; for there is a certain strength about a man or woman in strong, robust health, that must be taken into consideration.

It is true that some persons not physically well, but unhealthy, have exercised strong powers, but this was in spite of their lack of physical health, and owing to a strong will which allowed them to master even this obstacle. But, all else being equal, there is a power about a strong, healthy, vigorous person that makes itself felt.

(2) Belief in One's Self; for without this no one manifests positivity. Believe in your own power and ability, and you impress others with the same belief. Confidence is contagious. Cultivate the "I Can and I Will."

(3) Poise; for the calm, well-poised, imperturbable man has an enormous advantage over one lacking these qualities. The man who meets any emergency without "losing his head" has something about him that makes him looked up to as a natural leader—he has one of the qualities of positivity. Cultivate the calm masterful mood

(4) Fearlessness; for fear is the most negative emotion in the being of man. Fearlessness is a most positive quality, just as fear is the most negative. Cultivate the "I Dare—I Do!"

(5) Concentration; for this "one-pointedness" focuses the Will-Power upon the object. Do one thing at a time, and do it with all the power that there is in you.

(6) Fixity of Purpose; for you must learn to know what you want to do, and then "stick to it" until it is done. Cultivate the Bull-dog quality—it is needed.

To those who recognize the need of the above mentioned qualities, but who lack them, I would recommend the careful study and determined application of the principles stated in the chapters of this book, entitled, "Mental Architecture," "Making over oneself" and ''Mind-Building", respectively.
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How to do Market Segmentation


Descriptions: Discussion of the process for performing market segmentation in a rigorous manner.

Our Instructor: Bill Aulet

So now that we understand at a high level what market segmentation is, the question now is, how do you do market segmentation? And this is actually quite a fun process if you do it correctly. If you already have a technology and people are buying it and experiencing it, you can actually just go to them and say, what are you using it for? And that will start to give you input.

If you have an idea, it's not as easy to do that. But really what we're going to do here is we're not going to be limited just by what's already being done. We're going to get the team together. And we're going to think out of the box.

What are all the different potential things? And no idea is too crazy. Brainstorming is a very good thing. The crazier idea, the better because it opens the aperture.

And so then, you're going to systematically make a list or lay out all the different opportunities that you can think of. And it's interesting because in my company, some of the first ones that we thought were so obvious-- we're going to do this-- ends up being ones that we didn't do. It with some other idea they came up in brainstorming.

But once we laid out what the different opportunities are, now that was just brainstorming in a room. They might not be good ideas. We have to go out. And the answer lies in doing primary customer research.

So we're going to go out and talk to real customers to find out what their problems are, what they think of this idea. It's not-- we have to understand their needs as well. Because they're not going to be able to design the product for us. So doing primary observational market research is fundamental.

My thesis at MIT was on this. And what I saw was that you have to have a good process. But it's not just the process that matters. It's actually walking in the customer's shoes and using good inquiry techniques, not advocating for your product but understanding what they're about.

You need to walk in the customer's shoes. You need to understand them rationally, of course, emotionally, and also socially. What drives them? What do they kind of fear most in the world?

But now, we're going to understand their job as well by watching them. And this is what we call primary customer research. Then, we're going to narrow down these markets.

So we might have 20. And we're going to do a first pass on market research. And then, we're going to say, all right, we can't do 20. We can only do six to eight of them.

And then, once we do that, we've narrowed the field. And then, we do another push of market research, primary market research to do this. Do not trust what you just see on the internet.

Do not trust a report from a group, as reputable was Gartner might be. Go out, and see for yourself. Because the answer lies with the customer.

You have to do this yourself. Don't download your eyes and ears. This primary market research is one of the most fundamental important things that you're going to do.

Complete Entrepreneurship Course
What is Entrepreneurship
What is Innovation
Varieties of Innovation
Three Ways to Start a Company
Six Myths of Entrepreneurship
How to do Market Segmentation
What is a Beachhead Market
Passion for Entrepreneurship
Market Segmentation with SensAble Technologies Part I
Market Segmentation with SensAble Technologies Part II
From Passion to Idea or Technology
What Makes a Business
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Friday

Desire and Will in Fable

I herewith reproduce "The Fable of the Mentative Couple," a bit of writing in the lighter vein perpetrated by myself about a year ago. My excuse for writing this tale, and for reproducing it now, is that it carries with it a decided moral, and teaches an important truth. It brings out the distinction existing between the Motive and the Emotive phases of the mind, and beneath its flippancy is concealed some good, sound psychological truth.

I ask that you read it, in connection with what I have just told you regarding the offices of the will, desire, imagination, etc. It will show you, in figurative style, the operation of the two poles of the Desire-Will.

And it will show you how the emotive pole or phase, if left unguarded by the protective faculties, will be led into all sorts of trouble. It will also show you how the protective faculty may be disarmed and overcome by a diversion of its attention from its task. There are several important psychological facts brought out in this little fable, and a number of important "morals" to be deduced therefrom.

I trust that you will seek for the truth and principles underlying the trifling words of the fable. Just as important truths may be conveyed in the fairy tales of the child, so may just as important facts be taught by the fairy tale fable of the Mentative Couple intended for the "grown-ups."

Each of us, man or woman, has a Mentative Castle, in which dwells a Mentative Couple—Volos and Emotione. And Volos often strays away, leaving Emotione unprotected. And the fascinating stranger often puts in an appearance. And Emotione often is beguiled by his wiles. And Volos often is fooled by having his attention and interest distracted by clever schemes, leaving Emotione unprotected again.

So, while recognizing the value of Emotione, learn to keep Volos at home at the gate of the castle, and do not allow him to be "side-tracked." Heed the advice of the wise man of the fable. There is an important lesson for you in this fable if you will take the trouble to find it.



The Fable of The Mentative Couple
Once upon a time there lived in the land of Mentalvania, in a wonderful building called The Mentative Castle, a man and a woman, called '' The Mentative Couple." They were happy though married. They lived in harmony, because they were useful to one another, and neither was complete without the presence of the other—and neither did his nor her best work, unless the other was present and assisting.

Well, now, the man was called "Volos" (which is the same as the English name "Will"), and the woman was called "Emotione," which in the language of that country meant something like a combination of emotion, desire and imagination.

Now, the chronicle informs us that these two people had natures entirely different from each other, as has been said. We are told that Volos was of a stern, inflexible, strong, positive nature; apt to stick to a thing once begun; full of the "will-to-live" and'' vitality''; full of determination and spirit with a strong dash of the "let-me-alone" and "get out of my way" in his make-up; with a taste for meeting difficulties and overcoming obstacles; with a goodly habit of reaching out and taking hold of what Emotione wanted and needed; and a powerful lot of self-respect and self-reliance in him.

He was apt to be firm although his firmness was not the stubbornness of the mule. His general keynote was strength. He was a good warrior and defender of his castle. But Emotione was of an entirely different type, temperament, and character. She was most impressionable, imaginative, emotional, credulous, fanciful, full of desire, curious, sympathetic and easily persuaded. While Volos was all willing and thinking, Emotione was all feeling.

Volos was a strong character, but lacked certain qualities that make for success—but these qualities Emotione possessed, and she supplied the deficiency in Volos. Volos had to "figure out" everything, while Emotione had intuition, and jumped at a conclusion in a way remarkable to Volos, who couldn't understand the process at all. When he would ask Emotione for an explanation, she would say, lightly, "Oh, just because!" which answer would often provoke profane and irreverent discourse on the part of Volos.

But, nevertheless, he learned to respect these "becauses" of Emotione, and found that they helped him in his business. Emotione would dream out things, and see things a long way ahead, and then Volos would proceed to put these plans into operation. Volos couldn't see very far ahead of his nose, while Emotione could see miles beyond, and years ahead. And besides this faculty of mental imagery that came in so useful in Volos' business, Emotione also possessed a burning and ardent desire for things, which she managed to communicate to Volos, thereby causing him to get out and do things that otherwise he would never have dreamed of doing. Emotione was like fire, and Volos like water.

The water would hold the fire in check, but at the same time the Fire would heat up the Water and the result would be the Steam of Action. And, so, you see these two—this Mentative Couple—formed a fine co-partnership, and prospered mightily.

But, alas! The tempter entered Eden—and the attractive stranger meandered in the direction of the Mentative Castle, and when he reached there trouble occurred. And this is what happened:

One day Volos was absent from the castle, being engaged in some arduous enterprise. And consequently the castle was unguarded. Volos had provided against this by instructing Emotione that she was to keep the castle gate closed tight, when he was away from home, and never to gaze without in his absence, for there was some mysterious danger lurking without when he was away.

Emotione had faithfully followed the directions of her liege lord, although her womanly curiosity was piqued thereat. Many the time she had heard strange knockings at the castle gate, but she heeded them not, and even refrained from looking out of the little peep-hole in the gate—though this last was much against her inclination, for she could see no harm in "just looking."

But, to return to our tale.

This particular day when Volos was absent from home, her curiosity was too much for Emotione when she heard the strange knockings at the gate. And, breaking her rule, she ventured to peep without. Looking down she saw a most attractive stranger, with a fascinating smile on his lips. He looked almost as strong as Volos, but he seemed to have a dash of the woman in him, besides. He had the strength, but also the charm that Emotione recognized as being a part of her own nature. "Ah" sighed Emotione, "here is a man who can understand me." The fascinating stranger smiled sweetly, and looking her in the eyes, masterfully asked to be admitted.

"No, no," replied Emotione, "I cannot let you in, for Volos told me not to." "Ah, fair lady," said the Stranger softly, "Volos means all right, but he is rather old-fogeyish, and behind the times. He does not 'understand,' as do you and I. Pray, let me in." And, like Mother Eve, Emotione took the bait.

Well, to make a long story short, when Volos came home he found that Emotione had subscribed to a set of "Villeveaux Modern Art," a beautiful work published by the De Luxe Bros, of Fifth Avenue, to be issued in 824 weekly parts, at the nominal price of $5 a part—739 parts of which were already out, and would be delivered shortly.

She had also given a number of side orders for manifold wares, which had dazzled her untrained and unguarded fancy. Volos cried aloud to the gods of his land—but it was too late, the contracts had been signed.

But this was but the beginning. Volos did not understand just what was the matter, and contented himself with scolding Emotione, whereat she wept bitterly. But the poison went on with its deadly work. And when Volos again was absent from home, the habit reasserted itself, and when the fascinating stranger again called at the castle, he was admitted.

And when Volos returned, he found the castle furnished from dungeon to watch-tower with costly rugs, and furniture, and various other articles, bought from "Morganstern's Popular Installment House,'' at $1,000 down and $100 per week.

He also found that the castle had been lightning-rodded from ground to turret, on each wing, tower and annex; and that sundry promissory notes, containing a law-proof, judgment-confessed clause, had been given in exchange therefore.

And then Volos swore by the Beard of Mars, the war-god, that he would have no more of this—he would remain at home thereafter. And he did.

But the subtle stranger was onto the game, in all of its details. And this is how he played it on Volos, even though the latter remained at home.

A few days after Volos had determined to remain at home, there came a band of mountebanks, singing, dancing, and performing juggling tricks. Volos sat on the great stone beside the open castle gate, and his attention was attracted by the sounds and sights. Faster the dancers whirled—louder beat the drum—sweeter grew the singing—more bewildering grew the feats of jugglery—until poor Volos forgot all about the open castle gate, so rapt was he at the strange sights, sounds, dances, and feats of jugglery.

Then one of the mountebank gang (who was really the attractive stranger disguised in motley array) slipped, unseen, past Volos, and in a moment was engaged in eager conversation with the impressionable Emotione.

Volos watched the crowd until it moved away, and then entering the castle, and closing the gate behind him, was confronted by Emotione, in tears, for she dreaded the coming storm. "Alack a-day, woe is me," she cried, "I am again in trouble, O, Volos, my liege lord! I have just ordered from the fascinating stranger, who slipped past you at the gate, a baby-grand, self-playing, automatic, liquid-air-valved, radium carburetor, piano-playing, Organette, upon which I may play for you all classes of music, ranging from Vogner's Gotterdammerung to the popular "Merry Widow Waltz" with feeling, depth of expression, and soulful understanding, according to the words of the fascinating stranger who took my order."

"Gadzooks!" ejaculated Volos, "Fain would I cry aloud the name of that production of Vogner's just mentioned by thee. And by my halidom, e'en shalt thou soon be performing the waltz just mentioned by thy false red lips! Zounds! Of a truth I have been stung again by that fascinating stranger. I must gaze no more upon these fleeting scenes of merriment and amazement, lest I be again decorated with the asses' ears. Aha! Volos is himself again, and the next time the fascinating stranger appears upon the scene, he shall be smitten hip and thigh with my trusty battle-axe, and my snickersee shall pierce his foul carcass!"

But, alas! Even once more was poor Volos deceived and trifled with—once more poor Emotione fascinated by the stranger. And it came about in this way.

On the day of his last undoing, Volos sat on the open step, in front of the narrowly opened castle door. "No man shall pass me now," cried he. But fate willed otherwise. For as he sat there, there approached many people who took seat upon the steps before the gate, and engaged Volos in long heated, and wearisome discourses regarding the outlook for the crops; the presidential campaign; the Japanese question; race-suicide; the new theology; how old was Ann; the problem of the final outcome of the collision between the irresistible force and the immovable body; the canals on Mars; what Roosevelt will do with his big stick when his term expires; and many other weighty, interesting and fascinating topics of general interest.

Most agreeable were these visitors, and most considerate of Volos' feelings were they. And although they seemed to differ from him at the beginning of each argument, still they courteously allowed him to convince them inch by inch, until they finally acknowledged that he was invincible in argument, and invulnerable in logic." "Tis passing strange," quote Volos, "but nevertheless 'tis true—that I always find myself on the right side of every question. And the wonder grows when they all admit it in the end. Verily, am I developing into a wise guy!"

And, pondering thus, he fell sweetly asleep from the rigor of the disputes; the flattering attentions shown him; the joy of the victory; and the exceeding amount of attention and interest he had expended, for human nature has its limitations, even in the case of one so strong as Volos. And while he slumbered, the fascinating stranger (who was really the leader of the argumentative visiting committee), crept into the house and unloaded upon Emotione a choice collection of gilt-edged mining stock (pure gilt, all the way through in fact); a bunch of flying-machine bonds, and a 5,000 monkey-power, vestibuled drawing-room, observation-ear Automobile called the "Yellow Peril."

And when Volos discovered what had happened he wept aloud, crying bitterly, "Odds-bones; s'death—of a cert am I the Baron E. Z. Mark." And thereupon he sent for the wise man who dwelt in the next barony.

The wise man came, and after hearing the story said: "My children, yours is a sad case, but matters may be adjusted without a visit to Sioux Falls, and without the raising of the question of alimony. The trouble is as follows: "Volos, without Emotione, has no desire or incentive to do things. He has no wants to satisfy, and therefore does nothing.

He needs Emotione to supply the desire. And without her he has no feeling— he is nothing but a hard-shell clam. Therefore he needs her to supply the feeling, for verily, and of a truth, feeling is the spice of life. And without her he has no imagination, and cannot see beyond the end of his nose—and what is life without imagination? Gadzooks, one might as well be a mummy!

"And on the other hand, Emotione without Volos, is a consuming fire of desire; an unrestrained imagination; an intuitive faculty degenerated into the basest superstition, most deplorable credulity, and the idlest fancy. Volos has no desire, emotion, or imagination of his own — and Emotione has no will of her own. "Verily, cannot it be seen by all that this couple needs one another the worst way! Each, alone, is but an incomplete half. United they stand—divided they fall. In union alone is there strength for them.

"And more than this, each, without the other, falls a prey to the wiles of some fascinating stranger. We have seen how Emotione was fascinated and controlled by the stranger who gained access to the castle. But I have also seen (by my magic art) that when Volos was away from home on important business, and not having Emotione along to keep him straight, he fell a victim to the wiles of the Desire and Imagination of a fair stranger across the river, and did her bidding, and used his will to perform her tasks, instead of those desired by his own Emotione.

“Verily, art these people quits with one another and should now begin over again. True it is that harmony will be theirs only when they are together.

"And this is the secret of the undoing of Emotione. Without the will of Volos to protect her, direct her, and advise her, Emotione allowed her desire, imagination and emotion to run wild and unrestrained. And so she became so impressionable as to allow herself to be mastered by the will of the stranger, who took advantage of the same and gathered to himself many choice orders for things.

“And even when Volos sat by the door watching the players, dancers, and jugglers, his attention was so centered on what he saw, that the fascinating stranger slipped through the gate—it was even as if Volos had been absent from home. And, again, when Volos allowed himself to become engaged in weighty discourse with the visiting committee, and used up his energy and force in argument and dispute with them—and when he permitted himself to be 'jollied' into a false security by these United Brethren of the Blarney-Stone—he relaxed his vigilance, and allowed himself to become tired, drowsy and sleepy, and so fell into a doze at his post, and the stranger again entered and took Emotione's orders for goods.

"And this then is the Remedy (as my successor, Lawson of Boston, will say in the centuries to follow)—this is the Remedy. Each person of this Mentative Couple must stick close to the other. Volos must have no 'important business' across the river, which will allow Emotione to be without a protector and adviser.

“And Emotione must stick close to Volos, and satisfy her curiosity, imagination, emotion and desire, by setting him to work out things for her—to do things dreamed of by her—to get her things she desires—to express the things felt by her. This is the secret of success, dear Mentative Couple—mutual work by desire and will, working in unison and harmony—each faithful to the other—each guarding the other from the fascinating strangers that beset each when separated. Now, then children, stick close to each other!"

And saying this, the Wise Man vanished from sight.

And the moral of this fable of the Mentative Couple is this: That the mind of every man and woman is a Mentative Castle, wherein dwells a Volos and an Emotione. And what happened to the couple in the fable, may happen, and does happen, to many in everyday life.

The will, straying from home, and paying attention to other attractions leaves the castle unguarded, and the fascinating stranger enters. And again, the will has its attention distracted by passing objects of interest, and forgets the castle door.

And again, the will allows itself to be fatigued, tired, and jollied by useless argument, and talk, and cogitation, at the instigation of the designing fascinating stranger, and the latter slips past the gate.

And in each case, inside the gate is Emotione unprotected and innocent, true to her own nature, credulous, imaginative, fanciful, desireful, and emotional—is it any wonder that she "orders goods" that are not wanted by the family? And the remedy of the wise man as given to the Mentative Couple may be, and should be, applied by every man and woman in his or her Mental Castle. And this then is the moral of the fable.

And thus endeth the fable of the Mentative Couple, who dwell in the Mentative Castle, in Mentalvania, in the days of old when brave knights held their sway and fair ladies had their way.
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Six Myths of Entrepreneurship


Descriptions: Discussion of the six key myths around entrepreneurship, such as "Entrepreneurs are undisciplined," "Entrepreneurs are all about charisma," and more. Uncover key myths about entrepreneurship that after often not just untrue, but also unproductive.

Our Instructor: Bill Aulet

I want to talk about the six myths that people have about entrepreneurs, which are not only not true but not helpful. And, as we think about this and think, in looking through as to how we're going to educate you to be an entrepreneur, it's important to understand these six myths are not true.

First of all, entrepreneurs are the smartest, most high-achieving people in the room. This is a myth that's perpetuated by entrepreneurs themselves, I think, sometimes, and they're rewriting history. Most of the entrepreneurs I know are not the valedictorians of their class. In fact, it's very rare they are. Entrepreneurs are not looking to please other people. They are, in fact, trying to figure out what they really think they have passion about, and then they kind of reject everything else.

So they're more likely to get A-plus in one class and not go to the other classes. In fact, that's one of the reasons why they often drop out of school. They don't see the relevance of it. Now, I am not encouraging you drop out of school. But I am saying that you can see this pattern, where people get very excited about one thing, focus on that, and then don't do some of the other things they should do.

So the first myth is smartest and high-achieving people in the room. OK? So that's just not true, and data shows that. The second thing entrepreneurs are individuals. They're mercurial individuals who make things happen by themselves, a kind of Horatio Alger story. That's not true either. Ed Roberts's research shows that, in fact, teams are much more likely to succeed than individuals.

If you have two people on your team, you're more likely to succeed statistically than one person; three, more than two; four, more than three, up to a certain point. So it is not an individual sport. It's a team sport. So entrepreneurs as individuals, not true. You need to be looking to find people to join your team all the time.

The third thing is entrepreneurs are born, not made, again a story that's often told. The research shows, again, that entrepreneurs don't come from parents who were entrepreneurs. There's no statistical correlation between that, nor is there a gene that makes you an entrepreneur. It's basically a skill that can be acquired, and that's what we're going to be working with you on. At MIT, everyone says, well, it's all because people are smart at MIT. Well, there are a lot of other places where people are very smart, and they don't start companies at the rate they do at MIT. So entrepreneurs being born, not made, not true. You can become an entrepreneur. This is possible. That's what happens.

The fourth one is entrepreneurs love risk. You know, I hear this all the time. They love risk, they love risk. No, let me tell you what entrepreneurs-- I don't like to go to a casino. Entrepreneurs I know don't like to go to casinos, because that's kind of stupid. You're not in control of your own destiny. What we like to do is take calculated risk where we know we have an unfair advantage. Now let me explain that. We actually de-risk risk.

So we say we have an advantage in this one area, and then we take the risk out of everything else. But I'll take risk in an area where I have an advantage. I have asymmetric information. I have a particular asset that will give me competitive advantage over everybody else. I will then bet on that and think of the long term, and then I'll de-risk everything else. Great example of this, the MIT blackjack team. Very interesting, the movie 21 or the book Bringing Down the House.

These people became entrepreneurs. You think, well, they did all these algorithms and things like that, they become hedge fund managers. And it was very interesting on the panel, when I worked with them, I was able to moderate with them. And, asking the questions, you understand why they become entrepreneurs. They know how to take risk and use it to their advantage, and then patient in the long term.

The next thing is-- four, risk, misunderstanding of risk-- the fifth one is successful entrepreneurs are charismatic. That's what makes a successful. In fact, entrepreneurship is about effecting change. And effecting change is about leadership. And the MIT Leadership Center here, led by Deb Ancona, actually has shown that charisma is not correlated with success and changing the world.

What it is, it's made up of basically five other things. It's do you have a vision? Do you have a sense-making capability to understand what's going on in the world? Fourthly, do you have the relationships to make that happen? And then-- sorry, so thirdly.

And then fourthly it's called this thing which I will call innovation engineering. How do you take where we are today, the as-is state, and get to a future state that hasn't existed before, and then have a personal signature on that, which is the fifth point. So you have the vision that's a possible state. The sense-making state is the as-is state where we can go. Who are the people, the relationship? And then how do we move into a world that's never been done before and then do that with our own, personal signature? So it does not have to do with charisma, the fifth myth.

The sixth myth, I would say, is that entrepreneurs are undisciplined. And this, in fact, is why I called my book Disciplined Entrepreneurship. Because, as I said that, some people would say, disciplined entrepreneurship? No, entrepreneurs are undisciplined. That's an oxymoron. Nothing could be further from the truth. It is essential to be disciplined when you're an entrepreneur, because you are, as my colleague Howard Anderson says, you are the attacker going up against the defender.

As the attacker, you don't have a lot of resources. You don't have a lot of time. You have cash flow. All that belongs to the defender. You just have this small, small thing called passion. And how do you execute against this bigger foe requires an extraordinary amount of discipline. So we at the Center say, you know, to be a great entrepreneur, you have to have the spirit of a pirate, which means we're trying to do something new. We're creatively irreverent, we're thinking of new ideas. How do we innovate?

But you also, while you have the spirit of a pirate, you have the execution skills of a Navy SEAL Team 6. So all the entrepreneurs you see, if you think they're not disciplined, look closely. And you'll see they actually are very, very self-disciplined. So these six myths, that you have to be smartest, high-achieving person in the room, not true. You have to be passionate.

They're individuals. Not true. You're a team, and you have to get people to work with you.

Three, born, not made-- not true either. You can become an entrepreneur. We teach it. We see it happening all today. It's not just in the classroom, it's outside of it.

Risk-- how do you de-risk risk, and how do you think about that in the long term and use it to your advantage? Fifth, charismatic. Not true. There's a whole kind of skill set that you can learn to effect change. And six, discipline. These are myths that have to go if we're going to be effective entrepreneurs.

Complete Entrepreneurship Course
What is Entrepreneurship
What is Innovation
Varieties of Innovation
Three Ways to Start a Company
Six Myths of Entrepreneurship
How to do Market Segmentation
What is a Beachhead Market
Passion for Entrepreneurship
Market Segmentation with SensAble Technologies Part I
Market Segmentation with SensAble Technologies Part II
From Passion to Idea or Technology
What Makes a Business
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