PASSION FRAMEWORK – 5 years

It is just a matter of few days from now, it would complete 5 years.
The focus of this blog has been to provide entrepreneurship life cycle insights through stories, poems and thoughts. The blog is cent percent original and unique as till date no one has ever experimented narrating stories through entrepreneurship theories.

Am moving ahead with more improvements in narration and most importantly am focusing on active research on 28 process areas spread across 7 Dimensions of PASSION FRAMEWORK

Probing
Innovation
Acting
Scoping
Setting
Owning
Nurturing

Over 50 top CEOs and individuals from premier institutes have seconded to contribute to the research.

Deep Caring

”Deep Caring”.. Is it love which results in it or is it pure emotions? what stimulates our brain to deeply care for something.. A cause, A mission, A love, or just an obsession…

A story unfolds…

Sandra ”I gave everything for you.. .cared for you… but you never reciprocated my care”

Mark ”Sandra.. try to understand am not in love with you”

Sandra ”common then why you care for me so much?”

Mark  ”I do feel like caring for you”

Sandra ‘Are you in love with someone else”

Mark ”am so happy being with Julie… i care for her.. but she always ends up caring for me much more then I do.. and she is amazing”

Sandra ”hope someone comes up with deep caring tool.. which will help us give clarity on whom we love, whom we care.. whom we deeply love and care.. and which things we can stay without”

Mark ”PASSION Framework..  it taught us probing and innovating.. going deep into an object like a union of male and female to build a universe…  deep caring is that ultimate truth of an objective emerging from that union of two entities”

 

PASSION FRAMEWORK – revisited

Dear All,

A confusion may exist in multiple minds as to from where these stories come from? Are they real.. are they borrowed from, are they copied.. or are they.. fiction

The answer is absolute Fiction and few experiences life teaches me when I read, look at startup struggles, mentor struggles, investor struggles and put some spice, entertainment, make a combo and narrate it in story format..

It had to be internationalized to help readers understand the core dimensions well

PROBING and INNOVATION (These are the two major drivers for anyone to set a venture.. You need to do homework well and this is what is probing all about.. research… research and research.  Innovate what is in existence and disrupt the way a process was working.. so INNOVATION will hold relevance..

ACTING, SCOPING and SETTING

You need to act on your ideas dear.. no matter what.. please act on it..

Scope it.. narrow the scope.. and set an environment or find an environment where your idea will get converted to a product or service model..

Nurturing and Owning

Unless you do not nurture your dreams, convert them to reality.. how will you ever own them

Now for readers who got curious about SUM UP

SUM UP —  a deep philosophy of life.. very deep. all of us have been praised, abused, hurt, happy, dejected, depressed, proud etc at some point of time in life and all of us have some or other pain point.. we what makes us feel happy.. is only the bliss that we need to attempt something new.. shed your old clothes and get into new ones.. it is like difference between wearing same clothes day-in day-out or we wash everyday.. and wear neat clothes or wear absolute new ones.. what will make us happy? anyone’s guess

Re-inventing ourselves is what the framework talks about..

Hope this blog is useful for multiple people from multiple fields of life and keep enjoying the same. Thanks for your responses, I appreciate from bottom of my heart.. which though have never seen but still feel somewhere the soul if happy, will always give happiness.

 

failed ventures

failed ventures are ones which has issues around cash flows, entrepreneur, conflicts and multiple reasons could exist for same.

Donald has a penchant to take over failed ventures and turn it around…  he has his latest call for all failed ventures..

Amy ”this is serious disruptive.. from where you got this idea”

Donald ”PASSION FRAMEWORK… one of its research is on not why ventures fail but to understand what it will take to bring it to success”

Amy ”cool”

Donald ”i had experienced huge failure in life.. almost bankrupt but with few of my sites.. with no taker.. and then in 2015.. i saw this blog PASSION FRAMEWORK.. and got into retrospect and felt from the multiple sites i created.. somewhere or other it failed due to either PROBING or INNOVATING or SCOPING or SETTING or OWNING or NURTURING or ACTING dimensions..

Now what it taught me is to identify a fresh face to the grave yard duck (the site built) and bring a fresh operational perspective.. and soon one of my site started gaining traffic”

Amy ”so what next?”

Donald ”just spreading this messsage to all.. that failed ventures with fresh perspective can also make a turnaround”

Maslow’s perspective to Einstein

Following characteristics of individuals on path of self actualization

1. They perceive reality efficiently and can tolerate uncertainty;

2. Accept themselves and others for what they are;

3. Spontaneous in thought and action;

4. Problem-centered (not self-centered);

5. Unusual sense of humor;

6. Able to look at life objectively;

7. Highly creative;

8. Resistant to enculturation, but not purposely unconventional;

9. Concerned for the welfare of humanity;

10. Capable of deep appreciation of basic life-experience;

11. Establish deep satisfying interpersonal relationships with a few people;

12. Peak experiences;

13. Need for privacy;

14. Democratic attitudes;

15. Strong moral/ethical standards.

Behavior leading to self-actualization:

(a) Experiencing life like a child, with full absorption and concentration;

(b) Trying new things instead of sticking to safe paths;

(c) Listening to your own feelings in evaluating experiences instead of the voice of tradition, authority or the majority;

(d) Avoiding pretense (‘game playing’) and being honest;

(e) Being prepared to be unpopular if your views do not coincide with those of the majority;

(f) Taking responsibility and working hard;

(g) Trying to identify your defenses and having the courage to give them up.

Source

http://www.simplypsychology.org/maslow.html

Why is it important for an entrepreneur who wishes to focus on INNOVATION and PROBING dimensions of PASSION FRAMEWORK

Entrepreneurship is all about probing, innovating solutions which already could exist or may not exist for pain points..

 

 

 

 

 

Startups grow Startup

Startups who grow other startups are the modern day accelerators

Reasons

  1. Real Estate Companies with idle space want to start an incubator/accelerator

It is appreciative and heart warming to find that however they need to rely on trust worthy incubation manager to do so..

Now what happens to the incubator if the incubation manager gets another real estate company support and who pays higher percentage of equity?

The first incubator may risk of shutting down..

 

2)  Anyone who has good experiences in industry can start an accelerator program with support of senior colleagues and industry blessing.. and sometimes get an early success of companies getting invested..

It is a good sign.. but what happens if an accelerator is found in almost all locations of the country. Is it training centers renamed as accelerator?

I would be helping individuals for over 2 decades now.. for their job goals, coaching them and found many individuals really do not ever wish to be entrepreneurs but if no other option exists, they do not mind attempting to run a company

The other individuals, I observed were ones who are at very senior positions and felt they can actually do it better then others.

As there is a shortage of real good mentors, hence opportunities exist but at same time a word of caution:  Investors are impressed only if the startup ensure product reaches market and has good traction so the key success to accelerator is to focus on market

3) Do Accelerators and Incubators really get benefited by the equity model?

They should .. if the startups can scale up well..

But as a mentor, I can safely say that the mindset of an entrepreneur is to save equity.. Most of entrepreneurs guided by that.. and with complex term sheets and vesting and n number of clauses, find entrepreneurs spending time with lawyers and advisors who ask them to exercise caution which is fine but how about an entrepreneur trying to spend more time with marketing folks and understanding how to have good pricing strategy, how to strategize, penetrate market well and also how to be liberal in giving commissions

So it is very important for Accelerator and Incubators to empanel good contributing mentors but they need to be rewarding them by way of compensation or equity and it should be clearly specified.

4) Does entrepreneur get benefited by Accelerator program?

Obvious yes.. as I find each startup has a long way to go..

I have for one.. guiding many incubators and these days also helping few bodies who wish to formulate policies etc around this eco system

However one thing which clearly emerges is that

Do not try to own everything self.. Learn to give away.. and more you give, more you succeed…

Do not try to focus too much on pitch, web site and what not.. . Learn to understand that each client knows that there are professionals who build website, pitch deck etc

so eventually client may appreciate your deck or website or criticize but remember the best of present day million/billion dollar company had sloppy websites too

So… the bottom line.. is focus on business model trials and arrive at good pricing strategies and with a clear assumption that focus only on minimum viable products or service model.

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PASSION FRAMEWORK provides an insight to individuals from any walks of life (Investors, Incubators, Accelerators, Entrepreneurs, Academicians and Mentors

Do.. get going.. PROBING AND INNOVATING to re-invent self as STARTUPS to grow STARTUPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Next term

Sam ‘am fed up of giving that paper.. failed 5th time.. is there a solution to get a degree’

Jignesh ‘:) 5th year.. going strong… no solution.. just doesn’t go inside my head’

Mani ‘this is going to not end.. am dropping out of college if I again flunk exam’

Nancy ‘you guys are lucky.. as your parents are there to support. for me in California, here in LA.. I will have no options but to commit suicide if I flunk.. my parents have taken huge loan’

Professor Gib is hearing these conversations sitting on other side of garden seat..

Gib goes near their sit..

Gib ‘Hello.. why do not you guys utilize time and start something of your own’

Nancy ‘we are failed entities.. almost gone’

Gib ‘you may have one common thread’

Nancy ‘friendship’

Gib ‘make a friendship barometer which will put various episodes of your life and how you folks were with each other in thick and thin and get going’

Jignesh ‘cool..  but who will do it.. None know coding.. we are extremely pathetic’

Gib ‘draw a story board.. what all the barometer needs and then get going’

All of them get in serious discussions and realize that emotion quotient is most important for being friends..

They rush to Gib and ask one question

‘Why do we fail Sir.. Always? we feel we will not be able to work on this project too’

Gib ‘do you know why you fail?’

All echo ‘Why?’

Gib ‘you do not like to attempt.. you feel lazy to think.. you do not like what you are doing and then… all will remain failed creatures’

Jignesh ‘Any solution?’

Gib ‘PASSION FRAMEWORK feels Dream alone can make a human begin probing and Reality of life will make a person innovating…  so begin probing self as to what you lack and innovate self…  Do not mug entire paper.. attempt to get only 50. Learn 5 chapters out of 10.. perfectly.. and think of getting 60 marks.. you are sure to get 45 at least’

All ponder

6 months latter

Nancy ‘where is Gib Sir.. Want to thank him.. this time I passed..’

All ‘yes we too… where is he.. he gave an important lesson of life..

aim for only what you can do.. if you really feel incapable and get going.. you will get a clear road ahead’