Paper Napkin Wisdom - Podcast and Blog for Entrepreneurs, Leaders and Difference-Makers
About This Show
I've asked 1000s of the worlds top Entrepreneurs, Leaders, and Difference-Makers to share with me their most important pearl of wisdom on a simple paper napkin. Then I ask them to have a conversation about why they shared that Paper Napkin Wisdom with me and what it meant to them and for them in their life.
Visit http://www.papernapkinwisdom.com for full show notes and archives.
Learn their exceptional Stories of Drive, Impact, Balance and Leadership shared by CEOs, founders, authors, speakers, mentors, and teachers. They share successes and failures alike, paying forward their learning experiences to all of us.
Most Recent Episode
EP# 160: The Entrepreneur Formula - Maxim Wheatley (Entrepreneur)
Dec 29 16
Is there a formulaic way to build a great startup? Today’s guest, Maxim Wheatley thinks so. Maxim comes from a very diverse background - he is an award-winning product leader and innovator, with proven success operating at the intersection of business development, innovation, and product strategy. Additionally, he is the co-founder of LifeFuels, a company that aims to leverage artificial intelligence and machine learning in order to to diagnose, manage, and cure health ailments. Maxim’s thoughts on entrepreneurship boil down to three basic tenets: “Dream big and start small, constantly seek new questions to answer, and remember that it’s the people who turn ideas into companies,” he says. ‘Dream Big & Start Small’ While it’s important to have vision, it’s also important to get comfortable to with taking small steps. “Like [Reddit Founder] Alexis Ohanian says, ‘Entrepreneur is a fancy word for someone who has ideas and does them’,” Maxim says. While having a big vision important, he urges entrepreneurs to figure out the small and intricate steps involved in helping them achieve their goals. He believes the lean startup culture has a certain bias to action that restricts founders from making moves as often as they should. “Early wins build momentum,” he remarks, “There is magic in relentlessly pushing as opposed to elegantly leaping.” ‘Constantly Seek New Questions to Answer’ Having a background in consumer electronic products, Maxim understands the hiccups that can come about when launching a business. “Great products are oriented around prototype questions. “If we’re doing something that doesn’t answer a question, it’s time to readjust,” he says. He urges entrepreneurs to constantly ask new questions and evaluate whether those questions link up to the ‘dream big’ portion of his theory. “Entrepreneurship can be a difficult and lonely road,” he mentions, “Asking new questions and getting them answered can provide you with a sense of victory.” While an inquisitive nature is important, Maxim warns against falling into an “incubator mentality”. Although testing can ensure success for future endeavors, he believes that there is “no validation or testing that will take away from the fact that you need to start taking action.” ‘It’s the People Who Turn Ideas into Companies’