Randy Komisar

You will do market research, but that comes later. Before trying to figure out how big your market is, you need to know that people have accepted and will continue to accept the gist of your value proposition. Otherwise, you’ll be piling assumption on top of assumption.

Randy Komisar

I question whether the loss of loyalty, as most people define it, is really a problem. Loyalty comes with its own set of problems because it suggests that people have a sense of reliance, which can become a crutch that props up the status quo. Loyal people may not be watchful enough and may not adapt quickly enough to changing circumstances.

Randy Komisar

There’s nothing wrong with legacy businesses. I wish I had one – a profitable business that generated cash and gave you independence. There is a big problem with legacy thinking. What we need is new, dynamic thinking applied to legacy businesses to bring them into today’s new opportunities.

Randy Komisar

Entrepreneurial leaders need to be a little bit deaf and a little bit blind. By definition they’re trying to do something that defies the common view. They have to be inured to skeptics. They have to believe that their vision is true and they can make it happen. But if they are too deaf and too blind they won’t learn from the market or their … [ Read more ]