Entrepreneurs solve the right problem. What is the right problem? It’s a problem that leads to building a method to make money.
Gain clarity on lessons of entrepreneurship by listening to this week’s podcast featuring University of Delaware’s Senior Instructor of Entrepreneurship Vince DiFelice. When he and Placers President Chris Burkhard exchanged humbling stories of lessons learned, both men revealed vulnerable accounts of failures that ultimately led to long-term success.
“You have to give yourself permission to be human, not superhuman,” said DiFelice. “ Helping people creating value used to be mutually exclusive,” but that’s not how it is in the present, he explained. Now, entrepreneurship is all about problem-solving in a growth market that leads to change and improvement while turning a profit.
“Entrepreneurs are leaders who assist others in finding direction,” said DiFelice, adding that entrepreneurship is “tutorial and pastoral.”
In his current role, DiFelice helps students identify interests, then asks them to create a list of the growth markets where these interests fit. After that, they measure the size of the market in dollars. He asks students to focus on a problem in that market and figure out how to fix it. “It’s a means of discovery that leads to entrepreneurship in an industry that they care about,” he said. “I teach students to find their direction. Through what I call “interest/market fit” they figure themselves out.”
To hear this episode that literally delivers the step-by-step “how to” of “interest/market fit” and capturing it, click on the image.
Editor’s note: A special thank you goes out to Steve and Lainey Miller for their contributions to Outside Insights new audio branding.
If you enjoyed this, I recommend listening to these past Outside Insights Podcast episodes:
A Sit Down With Dave Raymond – Outside Insights Podcast Episode #30.
A Sit Down With Robert Herrera – Outside Insights Podcast Episode #29
A Sit Down With Alan Burkhard – Outside Insights Podcast Episode #28
Want to receive Outside Insights in your inbox?
Listen to the Outside Insights Podcast
At Placers we are making the following Acts of Kindness Promises:
We will be your career coach free of charge to assist you with any and all part of your job search.
We currently have temporary work for folks that need short-term funds.
We will act as a consultant to businesses that need a 90-day plan – free of charge.
We promise to go above and beyond in our individual communities.
If you need help in any way, simply fill out this quick form and we’ll connect you with a helping hand. No strings attached.