I believe for the first time in history, entrepreneurship is now a viable career. Eric Ries careerentrepreneurshiphistory Change image and share on social
There is much that public policy can do to support American entrepreneurs. Health insurance reform will make it easier for entrepreneurs to take a chance on a new business without putting their family's health at risk. Tort reform will make it easier to take prudent risks on new products in a number of sectors. Eric Ries americanbusinesschance share on social
Science and vision are not opposites or even at odds. They need each other. I sometimes hear other startup folks say something along the lines of: 'If entrepreneurship was a science, then anyone could do it.' I'd like to point out that even science is a science, and still very few people can do it, let alone do it well. Eric Ries entrepreneurshipfolkhear share on social
Famous pivot stories are often failures but you don't need to fail before you pivot. All a pivot is is a change is strategy without a change in vision. Whenever entrepreneurs see a new way to achieve their vision - a way to be more successful - they have to remain nimble enough to take it. Eric Ries achievechangeentrepreneur share on social
Most companies are busy making their products worse, not better. Updating is almost always a disaster. Eric Ries badlybusycompany Change image and share on social
It doesn't matter if you call it a boom or a bubble. The startup business moves in cycles, and what goes up will eventually come down. Eric Ries boombubblebusiness Change image and share on social
Entrepreneurship is not really building a product, it's not having an idea, it's not being in the right place at the right time. It's fundamentally company building. Eric Ries buildcompanyentrepreneurship Change image and share on social
Prove to yourself that your business, in micro-scale at least, creates value. If you believe it, you'll find it that much easier to convince potential investors, partners and employees, too. Eric Ries businessconvincecreate Change image and share on social
In my first start-up, I had an initial advertising budget of $5 per day total. That would buy us 100 clicks per day. At $5 per day, marketing people scoffed and said that is too small to matter. But if you think about it, to an engineer, 100 real humans everyday giving your product a try means you can really start improving. Eric Ries advertisebudgetbuy share on social
At IMVU, the cost of customer acquisition through our five-dollar-a-day AdWords campaign was less than twenty-five cents. Our revenue from those same customers was more than a dollar. Eric Ries acquisitionadwordscampaign Change image and share on social