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Disciplined Entrepreneurship: 24 Steps to a Successful Startup Hardcover – August 12, 2013
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Exclusive Q&A with Bill Aulet, author of Disciplined Entrepreneurship
Why did you name the book Disciplined Entrepreneurship?
I love the name because in two words it captures the dichotomy that makes for a successful entrepreneur: the fearless spirit of a pirate with the execution skills of a Navy SEAL Team Six. At the Martin Trust Center for MIT Entrepreneurship, we help our student entrepreneurs strike this balance.
Why did you decide to write this book now?
The book came about because MIT’s Howard Anderson and I were teaching an introductory entrepreneurship class and over time the class grew from five teams of four students to over 100 teams. We worked very hard to put materials together to help us teach the class in a scalable manner, and I soon realized that this was a pervasive problem that could cause a real crisis and halt the progress entrepreneurship was making in society. That was why I started writing the book.
What does it take to be an entrepreneur?
I get this question everywhere I go. Many people have the misperception that successful entrepreneurs are born, not made, with a history of high achievement. Other misperceptions are that entrepreneurs are mercurial individualists, that they love risk, and that they are undisciplined. In most cases it is quite the opposite; research has been proving more and more that entrepreneurship can be taught and that should be considered a legitimate profession and discipline. Entrepreneurship is a team-sport where ideas are much less important than the team’s ability to execute in a highly focused manner.
What makes you qualified to write a book on entrepreneurship?
In my 15 years of doing and teaching entrepreneurship, I’ve gained a lot of wisdom from the scar tissue of failure. It’s not that I’m a guru, it’s that I figure out what works and I pass on that knowledge. I’m fortunate to have this fabulous position at MIT from which I can foster a community where people can learn from each other.
After working at IBM for 11 years, I started my first company, which failed. This failure was so visceral and so real, and I learned a tremendous amount while crashing and burning. Above all, I became aware that the team that you work with is critically important. You need to collaborate with someone you can trust and who works in a way that is complementary to you.
Is there anyone who has been a particular inspiration to you?
During my time at IBM, I was amazed by the late Thomas Watson, Jr., who was able to scale a company in a way few others have done. The person who has probably inspired me even more is Mitch Kapor, who started Lotus Development Corporation and demonstrated that people could do positive things for society through business. He showed me business could be cool. He transformed Cambridge’s Kendall Square into a hub for innovation-driven entrepreneurship.
How does presenting the entrepreneurial process as a series of steps or a roadmap help the reader?
Entrepreneurship is not a purely sequential process, but we needed to give people a place to start to keep them from getting lost. I broke it down and determined the most logical starting point and built it from there. While there are many iterative loops along the roadmap, it gives enough structure so that people can get going.
Who should buy this book?
The people who should buy this book are those who are interested in entrepreneurship and want to understand the process. They may be first time entrepreneurs, experienced entrepreneurs interested in doing it again, or businesspeople trying to turn their ventures into high growth companies. In addition, many large, established companies are interested in utilizing the book to prove their innovation capability.
How does your book relate to the current state of the economy?
Creating jobs isn’t just about small businesses per se, it’s even more about new, high growth businesses. The Kauffman Foundation found that in 2007, two-thirds of new jobs came from companies one to five years old. Disciplined Entrepreneurship is about creating these new businesses that will drive economic growth.
How did you decide to work with an illustrator? What is your favorite illustration in the book?
The illustrations make the book more accessible. In my experience, people learn a lot more when they’re having fun. The illustrations add a dimension of fun to the book that make people more open to its message. They also distill the essence of each step.
My favorite illustration is the last one, because it drives the point that knowledge doesn’t set you free, but action does. Starting a company is not solely an analytical exercise; it requires action. That idea is a good one to end on, and it really resonates with entrepreneurs.
"This book provides an invaluable comprehensive framework for innovation-driven entrepreneurs to execute the business planning process." -Brad Feld
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Top Customer Reviews
I am now working on my 5th company and we are about 2 years in. I took the book and compared to what we have already accomplished and found many ways in which we didn't do enough or could have been more thorough. The payback was instant. It has made us a better company.
New entrepreneurs especially, will benefit from this book. It forces you to do the real work to demonstrate if your idea for a company has legs or not. Can you create and capture value? This book will help you make that determination fast!
If you only get one book on entrepreneurship, this should be it!
Founder Madaket Health
I breezed through this book in a matter of hours, taking several notes throughout where I could directly apply the principles to my existing ventures. I can't remember the last time I picked up a book of this nature and found such immediate, practical use out of it.
This book is a must for anyone that wants to cultivate their idea, technology, or passion into an impactful venture.
At MIT, I entered not knowing which end was up, but a grad student recommended Bill Aulet's class. As exciting as MIT was, an often exhausted student, I found it difficult to stay awake in class. But something about that idea - that starting a high growth venture was a process - struck me as absolutely beautiful.
I even helped start a phenomenal company, Ministry of Supply, directly using Bill's process and related advice.
I have mentors who don't take the time to share their wisdom, but Bill does and he has. You don't need to go to MIT to learn this stuff from Bill anymore.
The magic formula is HERE. Beachheads, knowing your market, defining your user, and ultimately crushing it so powerfully that the world can't help but notice. MOS' products have now been sold to over 40 countries.
Bill both demystifies and defeats your fears. We all know that knowledge is power.
I have literally dozens of books on Startups. But Bill's mantra - have the spirit of a pirate and the extreme execution of a Navy SEAL rings out as an utter tour de force that is as pragmatic as it is visionary.
Start a company. Make jobs. Get psyched. And if you want to do it 10X more effectively, buy Bill's book. His process has a 1000X return thus far.
Note: The extremely successful social platform Hubspot is another notable company that was started out of his class with this process.
Go for it. We can't wait for your next company.
Most Recent Customer Reviews
I recommemd this book especially for new startups.
Well explained and organized book and web