I know it’s been a while since I last posted, but what can I say, it’s been busy around here. 

Last week I attended “The Momentum Summit” hosted by Scott Kirsner, writer of the Innovation Economy column on www.boston.com, a column that covers the technology and life science communities in Massachusetts with a focus on start-ups, entrepreneurs and venture capital.   (If you are in the greater Boston area, and have interest in the local start-up/entrepreneur community, you should really check it out.)  The focus of this one day event, held at the MIT Sloan School, was “How do small start-ups with a brilliant idea turn into big businesses?”  To answer that question, Scott called on the CEOs of some local start-ups that are making it big, including Gail Goodman of Constant Contact, Stephen Kaufer of Trip Advisor and Scott Griffith of Zipcar. 

My reasons for going were two fold.  First, as an attorney/consultant looking for new clients, I would have been hard pressed to find a room in and around the City of Cambridge (or Boston) more jam-packed with entrepreneurs and start-ups.  My second reason for going was to listen to what these wise men and women had to say about running successful businesses and to take away any thing that could help me in my own business. 

So what did I learn?

1)  From Gail Goodman, CEO of Constant Contact:

–  You need two things to be successful:  customer focus and a passion for your product.

–  There is no silver bullet for success, just thousands of incremental changes to reach your business goals.

2)  From Scott Griffith, CEO of Zipcar:

–  Economics drives behavior.

–  “Personal Innovation” is critical to success. 

–  Lead from your core values, vision, and mission.

3)  From Peter Levine, SVP Citrix (during lunchtime workshop on how to set and achieve goals)

–  Only look about 18 months to 2 years out when setting goals, but sometimes looking beyond 1 year can be looking too far into the future.

–  Goals should be clear and measurable.

As you can plainly see, it doesn’t matter what field you are in.  A business is a business, and you can learn a lot from other successful business men and women.

You can check out links and audio from the event at

http://www.boston.com/business/technology/innoeco/2010/06/photos_and_audio_from_last_wee.html

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