Entrepreneurship expert Clinton E. Day, author of “Understanding Lean Start-up,” joined me on “Turn the Page” to discuss a methodology that has been found to multiply a business’s chances for success compared with the more traditional approach of creating a business plan to launch a new venture. In addition to describing how startups can model an idea and ensure product-market fit prior to doing business, Clint explains how an increasing number of large corporations are engaging the creativity and innovation from entrepreneurship to improve products and results. Listen to our conversation to learn more!

In this post, he identifies what defines an entrepreneurial mindset. Clint states:

“It is many things, but common to all entrepreneurs are two ingredients, OPPORTUNITY RECOGNITION and RISK ASSUMPTION. Seeing opportunities others do not and the willingness to take a risk, a leap of faith are integral to this mindset. Entrepreneurs use their imaginations and creativity. They identify, evaluate, and develop opportunities. Experience, information, and social networks influence opportunity recognition. Entrepreneurs accept a high level of uncertainty with no guarantee of success. They visualize what they would like to accomplish, and track progress toward their goals.”

Clint shared some of his FAVORITE QUOTES to inspire and inform your “free enterprise” endeavors:

Creativity is connecting things, creative people just see something.”
Steve Jobs, Co-founder, Chairman, and CEO of Apple, Inc.

“Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t. “

“Every single person I know who is successful at what they do is successful because they love doing it.”
Joe Penna, Award-winning Filmmaker (Writer, Director) and TV Host

“Failing to plan is planning to fail.”
Chinese proverb

“The best way to predict the future is to create it.”
Peter Drucker, American Management Consultant, Educator, and Author, The “Founder of Modern Management”

“It’s hard to beat a person who never gives up.”
Babe Ruth, legendary Major League Baseball player

“Arouse in the others an eager want.”
Dale Carnegie, Best-selling Author of “How to Win Friends and Influence People”


Clint suggests:

1. The Udacity online class for lean startup 

2. The website of “lean startup” pioneer, Steve Blank, author of “Four Steps to the Epiphany,” and co-author of “The Startup Owner’s Manual.”

3. http://mfishbein.com/the-ultimate-list-of-customer-development-questions/  

4. http://businessmodelgeneration.com/  

Learn about Clint’s “three bibles for lean startup” and contact him for speaking engagements through http://clintoneday.com.

Listen to my conversation with Clint to gain tools that will guide you through the three components of lean startup. Here’s to positioning your business, and you as a leader, for success!

Hemda Mizrahi is the Managing Director of Life & Career Choices, which offers coaching to executives, professional athletes, and other high performers seeking to transition to entrepreneurship, and generalist consulting services to small and mid-size businesses. She is the host and producer of the Internet radio show, “Turn the Page.”