Maxims and Personal Mantra
10 Inspirational Moments from Len Schlesinger
1. Entrepreneurship is a life skill and its teachable. The only way to excel at it is to practice. Tweet this
2. If you don't take action, you'll never create the evidence that figures out what's next. Tweet this
3. Embrace the mantra – I think, therefore, I test. Tweet this
4. Entrepreneurship is always a group initiative – you can't do it alone. Tweet this
5. Focus on small wins – figure out an inexpensive way to test your idea and only focus on learning what to do next. Tweet this
6. Reframe your notion of failure – when things don't work, you've learned something new. Either pivot or iterate.
7. The essence of entrepreneurship is driven by productive stupidity – the willingness to acknowledge what you don't know.
8. If you can't predict the future – and increasingly you can't – take a small step as quickly as you can to control it.
9. Don't obsess about the analytics – there's almost a 100% likelihood that your original business plan will miss the mark.
10. You don't need a big idea to start a business, most successful business emerge from existing ideas executed better.
Core Insight: In extreme uncertainty, embrace to the mystery of the unknown.
Best Advice: Desire is the drive of all creative and entrepreneurial endeavor.
Len Schlesinger became President of Babson College in 2008 after serving as Vice Chairman and COO of Limited Brands. He also spent over 20 years teaching at Harvard Business School, where he led MBA and executive education programs and was architect and chair of Harvard Business School's MBA Essential Skills and Foundations programs. He is author or co-author of eleven books, including Just Start: Take action, Embrace uncertainty, Create the future (Harvard Business Review Press, 2012). At Babson he has led a strategy of broadening the method for teaching entrepreneurshipEntrepreneurial Thought & Action®extending the context through Entrepreneurship of All Kinds®, and taking Babson's pedagogy to the world. In 2011, the Historically Black Colleges and Universities named him the Most Entrepreneurial University President in the U.S.