William Wolfram founded his first company at the age of 13. He is now 20 and heads DealDash, a fast-growing e-commerce company. DealDash auction site encourages bidders to interact and compete against each other to buy products at a fair price. If a bidder fails to win a product, he can buy it at a fair price and his bids will be refunded. Between 2010 and 2011, the turnover of the company grew by over 300% to 6.2 million euros. Wired magazine has featured DealDash as one of the leading European startups.
When we think of an entrepreneur we think of a creative, passionate, visionary, determined, hardworking, competitive risk-taker. But what combination of characteristics leads to outstanding success? Is it a combination of personality and a certain amount of serendipity, good old-fashioned luck?
That hard work, dedication, creativity, good business sense, and the heart of a gambler are some of the traits of a successful entrepreneur is clear, but there is also an element of luck and serendipity at play. Successful people are able to react to life’s uncertainties and maximize events that come their way. What combination of the right traits and luck does it take to be a success and what can we learn from these “lucky” people?
Anne-Liisa Palmu is the former Head of Legal Affairs at Nokia Mobile Phones. She spent 17 years at Nokia and witnessed the rapid growth years as part of Nokia’s top management. Today, she is an entrepreneur, author and lecturer.
It has to do with stepping up the pace, making things happen right now. Yet there is more to it than mere acceleration. It is rapid progress paired with an astute appreciation of the job, supreme confidence, and unstoppable willpower. It is the state of mind it takes to change the world.
According to legend, Icarus didn’t listen to his father and flew too close to the sun, melting his wings. Angry Birds are ready to take their chances to become legendary. Then again, they aim for the moon.
In the marketplace of ideas, the seemingly endless stalemate between socialism and neoliberalism has, oddly enough, forged a heroic compromise. Described by some as the third way, social enterprise seeks to marry the idealistic social motives of charities with the practical profit-driven metrics of business. The question remains: Is this a marriage born of convenience or love? And more critically, will it survive the honeymoon?