Savvy Entrepreneurial Firm

Savvy Entrepreneurial Firm

Starting a business requires many factors to be successful. The desire to be one’s own boss, pursue one’s own idea or for financial rewards; all must be done with savvy and persistence. Failure should not be an option but a learning process that guides future decisions. We see in the case of the Savvy Entrepreneurial Firm the tenacity and persistence against all odds to survive and be successful because the entrepreneurs were passionate and believed their product would improve the everyday lives of individuals. The analysis of this case attempts to explore the character of individuals and their tenacity to remain firm in their business endeavors.

Harmonix like iRobot launched products with the intent to make the lives of others much easier. Guitar hero sought ways to help non-musicians experience the joy of making music. It took Harmonix ten years to produce a product that would make them successful. Along the way they produced eight other games that were unsuccessful. It was Guitar Hero the ninth game that put them over the top. It took iRobot 11 years to produce a product called the Roomba which is a robotic vacuum cleaner. We are told even the Roomba which took iRobot to the top went through 20 iterations before being acceptable. We are left wondering what would have happened if these companies had given up? However, we bring our attention to the fact that they had tenacity and were willing to succeed against all odds. They were very passionate and enjoyed what they set out to accomplish.

In contrast ProtectMyPhotos the online photo backup service violated the most important reasons why not to attempt a venture. The lack of passion soon turned into boredom. Chris Shaw a co-founder of ProtectMyPho...

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...your endeavors. When you combine the two it is not often that you will not be successful. They get embedded into the product and customers. Your customers sometimes tend to feel what you feel and believe in the value of your product or service that you offer. Savvy Entrepreneurial was firm in the belief of both their products and their usefulness to the consumers.

Works Cited

Mayer, Jeffery J. (1998) Success is a Journey: 7 steps to achieving success in the business life. New York. The McGraw-Hill companies

Houtz, Jim H. (2003) Seize the American Dream: ten entrepreneurial success strategies. Scottsdale, AZ. JaGrand Ventures.

Freiberg, Kevin (1958) BOOM 7 Choices Blowing the Door of Business AS-Usual. Nashville, TN. Thomas Nelson

Barringer, Bruce R. (2010) Entrepreneurship: successfully launching new ventures 3rd ed. Upper Saddle River, NJ Prentice Hall