The Entrepreneur's Friend - convert

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There is a story about Albert Einstein when he was teaching at Princeton University in his later life. He was walking across campus with his Teaching Assistant (Ta) after he had given an exam in quantum Physics to his class of Senior students.

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The Ta asked, "Uh... Professor Einstein, wasn't that the same exam you gave to these same students last year when they were Juniors?"

Einstein answered, "Yes... It was the same exam."

"But, why would you give the same exam to the same students a year later?"

Einstein replied, "Ah... The answers have changed."

The answers have changed! Isn't this true of life? Aren't the answers all the time changing? Reality is that in firm - and in the firm of life - all is dynamic - things are permanently changing. In fact it has been said that the only constant is change.

But change separates habitancy because most do not like change. It is face of their comfort. Most habitancy would prefer to settle into a situation, a job, a relationship, a life - and not have too much alteration, because change involves levels of challenge, and risk. But something very important is also associated to change, and that is opportunity.

The entrepreneur sees change not as a problem but as an opportunity. Where there is change, there normally are problems, and where there are problems, there are opportunities for solutions. Where there are opportunities for solutions, there is a inherent for business, because - think about it - firm is about providing solutions and about providing what habitancy want. If there is no problem, or if habitancy have all that they need, then why do they need you, or your business?

Henry J. Kaiser*, the hugely flourishing industrialist while the 1910's - 1950's once said, "Business is about finding a hole... And filling it." And fill it he did! With puny formal schooling and puny help from his upbringing, he was running his own firm by age 20 and was a millionaire by age 30 in 1912 - when a million dollars was real money.

Change can involve a shift in status, process, culture, technology, thought, and of procedure attitude. Furthermore, there are those who are prescient and see it before it happens, those who don't see it until it is underway, those who ultimately see it when it is over, and those who never see it. These are the habitancy who ask "What?" and who generally are clueless.

I don't mean to condescend to those who fail to recognize change, but it's such a pervasive problem with such huge consequences. The Renaissance was a duration of remarkable change in every area of society and human exertion - a veritable explosion of change with startling opportunities, and yet, most habitancy living while that period, even those right in the heart of it, had no idea the Renaissance was happening. They missed it completely!

So the potential to recognize that change will occur, or is occurring, is of dramatic value to an entrepreneur. And the earlier in the process that one is able to spot change (opportunity), the greater the chances of success - and also of failure because there is more risk. It's Ok to be an "early adapter," but sometimes it's not economical to be too early in the trend. But, allowable timing is another subject, for another time.

The point is that to the entrepreneur's mindset, change is not to be feared but is to be embraced as a friend. change can rehearse vitality, health, growth and future wealth (of all sorts) to both society and the entrepreneur. When you have the foresight to see change, hop aboard and ride it to your destiny.

* Henry J. Kaiser left a heritage of many companies, among them Kaiser Shipyard (builders of the liberty Ships while Wwii), Kaiser Steel, Kaiser Aluminum, Kaiser Permanente, and Kaiser Medical.

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