HBR On Strategy

24 Steps to Launch a Start-Up

6 snips
Sep 4, 2024
Bill Aulet, a seasoned entrepreneurship professor at MIT's Sloan School of Management and author of 'Disciplined Entrepreneurship,' shares his insights on launching a startup. He emphasizes strategic planning and the rising role of technology in lowering barriers to entry. Aulet discusses how entrepreneurship is evolving into a respected career path, highlights the challenges of commercializing tech innovations from research labs, and advocates for mission-driven initiatives that align with societal needs. His practical 24-step guide offers a roadmap for aspiring entrepreneurs.
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INSIGHT

Entrepreneurship's Evolution

  • Entrepreneurship is now widely accepted as a serious career path.
  • Lower barriers to entry make starting businesses easier, shifting the focus to go-to-market strategy.
ANECDOTE

MIT and Commercialization

  • Bill Aulet presented to the MIT board about accelerating the lab-to-market pipeline.
  • Less than 6% of MIT patents are commercialized, highlighting the need for strong entrepreneurial processes.
ANECDOTE

Entrepreneurship Beyond Startups

  • Andrea Ippolito, an MIT alum, applied entrepreneurial skills in various roles, including the Obama White House.
  • She became the chief innovation officer, improving the Veterans Administration, demonstrating entrepreneurial impact beyond startups.
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