Startup Pictures

A product must gain access to a market and then bought by a customer who is comparison shopping in a safe place. The market validate the quality and safety of the product.

A startup involves a personal journal, and the first start, which typically ends in failure. But this is the real first time learning.

What are the steps to turn an idea into an innovation? there are at least the following steps. The idea must be turned into a product, and the product must enter the market. In the market, the target audience will examine the artifact - if they buy, then the product becomes a merchandise.

A first time entrepreneur always under estimate the difficulties. Each voyage is a ship with 2000 holes - each hole is only visible when the boat is in water.

Why is motivation important for entrepreneurship? because it is very hard.

Is an idea worth any money? Jack the Entrepreneur is trying to decide.

An entrepreneur is a Jack of all trades - he must be able to build, sell, and manage.

Jack the Entrepreneur is trying to build a prototype of a hardware product.

A product is not an object - it is a tool to realize value. A lot of people come up with ideas that are just attributes of a product, this is not sufficient. An object without effects won't sell.

The business is both about doing good and about getting paid. Eventually whether you become rich is not important, but your company and business must survive and live. Otherwise no one will work to help you.

The three realms are separated, difficult to penetrate. The industry further consists of supply chains made of companies.

The three realms of the industry world consists of design, manufacturing, and marketing. For example, Apple is in design business, Foxconn is in manufacturing business, and Amazon is in sales.