The chances of an entrepreneurial start-up succeeding today are slight. Passion, energy, and limited dollars usually bump into the reality of competition, lack of differentiation, and underestimating the financial requirements needed to be successful. Yet enough start-up's are successful to keep the flame alive for those with the entrepreneurial desire to go for broke.
The opportunity for established companies is to think and act more like a start-up, or at least bring new start-up thinking to that which they already excel. When was the last time you got into a room with several of your key leaders and brainstormed opportunities for your division or your company? Focus on what you are best at and then ask the start-up questions. The "what if" questions.
