Main Takeaways from Disciplined Entrepreneurship

I recently read the revised edition of Disciplined Entrepreneurship by entrepreneur and Managing Director of the Martin Trust Center for MIT Entrepreneurship and Professor of Practice at the MIT Sloan School of Management Bill Aulet, which provides a great runbook for various processes and considerations associated with early stage startups.

Here are some of my main takeaways:

  1. The world will never not be changing as much as it is right now; humans are becoming increasingly interconnected, and the scope of the problems we are tackling as a species are massive. The craft of entrepreneurship has an important place in this current world, as it demands (a) seeing change as a source of opportunity (b) bringing people together in teams (c) disrupting the market with innovative solutions at a pace that large companies cannot match. Entrepreneurship is not something one is born with or without; its something that everyone is and has been capable of throughout human history.

  2. A quantified value proposition that aligns with a customers’ burning need is far more compelling than a list of product features. How does an offering help customers get something done faster, or cheaper, or more reliably, and by how much? Focus there, not on feature lists.

  3. Entrepreneurs ideally invest equal parts energy in creating and capturing value. Too much value creation and the offering’s value is not adequately captured. Not enough value creation and you’ll be attempting to capture something that doesn’t exist. The method by which value is captured is laid out in the business plan.

There’s so much more to this book, but in accordance with “rule of three”, I’ll leave it there.

Until next time,

Keith