Is Starting a Business More Scientific or Artistic?

7 Mar

Recently, Entrepreneur.com published an article debating how much of a start-up should be science versus art.

In one corner of the ring, is Steve Blanks, a believer that starting a business is more of an art form. Entrepreneurs often go with their gut feeling, as a way to march on with their idea.

Sound a bit ridiculous? A bit too risky? Blanks believes that these gut instincts are the way of the future. He points out these instincts actually come from a lot of pattern recognition, a skill entrepreneurs develop from past experiences and information gathering.

Blank states once entrepreneurs go with their gut instinct, a survival mode kicks in where it is do or die.

In the other corner, stands Kay-Yut Chen, a scientist who thinks just going with your gut instincts can lead to disaster.

Chen argues the entrepreneur must step back and take a hard look at analytics. By taking a closer look at the science of numbers, an entrepreneur will not only be able to decrease their risk but also examine their limits.

Chen uses the example of customer options. Many entrepreneurs jump the gun and believe customers like more choices, when in fact they actually feel overwhelmed. Chen believes if you actually took a little to study how to manage risk, the probability of success increases.

Both Blank and Chen have valid points in their arguments. In an ideal world, Chen’s approach of analyzing every detail would increase your chances of a successful venture. In reality, Blank’s approach may be the more feasible one. Entrepreneurs don’t have enough hours in the day to get to everything and must rely, to some degree, on their instincts.

What are your thoughts?

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 49 other followers

Powered by WordPress.com

Related Links:

Togel178

Pedetogel

Sabatoto

Togel279

Togel158

Colok178

Novaslot88

Lain-Lain

Partner Links