Lesson #3: The Accidental Entrepreneur is No Accidental Success
Lesson #3: The Accidental Entrepreneur is No Accidental Success
Moore claims that entrepreneurship is far from being in his blood. “To me the opportunities to start a company are few and far between,” he says. “I’m not the sort of entrepreneur who can just say, ‘I’m going to start a company. Let’s look for an opportunity.” Instead, things have to line up properly, with Moore claiming that in his entire career, he has only seen three ideas pass his way that he would have considered turning into an enterprise.
Intel was one of those opportunities. After becoming restless and dissatisfied with their work at Shockley, one of the Treacherous Eight wrote a letter to his friend at Hayden Stone, a New York investment banking house. He told Stone that there was a group of eight researchers who enjoyed working together and were seeking to be hired as a group for another company. Stone sent two of his colleagues to visit the group. “They talked to us and said: ‘You don’t want to look for a company to hire you; you want to set up your own company,’” recalls Moore. “That didn’t sound bad.” Stone found financial backing for the group and with that, Moore claims, he “finally became an entrepreneur.”
Moore and Noyce might not have been entrepreneurs for a long time, but once they decided that was what they were going to be, they set off to make it happen. They sat down with a copy of The Wall Street Journal, sifting through the New York Stock Exchange listings to identify the companies they thought would be interested in supporting a semiconductor venture. There were 30 that topped their list, and they began contacting every one. The search would result in the backing of Fairchild Camera and Instrument.
Next, after realizing their own shortcomings – “that none of us knew how to run a company,” recalls Moore – the group hired somebody to be their own boss. They hired Ed Baldin, who had come and told them “a lot of things they didn’t know,” such as the need to establish different parts of the organization with different responsibilities, and the need to bring in a marketing manager.
Noyce and Moore might have been accidental entrepreneurs, but their success was no accident. Committed to learning all they could, and from the best they could find, the duo worked hard to make up for their business shortcomings. In the end, it was their limitations as businessmen that facilitated their rise to the top.
Lesson 3 The Accidental Entrepreneur is No Accidental Success
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“There is such a thing as a natural-born entrepreneur, for whom the entrepreneurial urge drives everything, and who can make a business out of almost anything,” says Moore. “But the accidental entrepreneur like me has to fall into the opportunity or be pushed into it. Then the entrepreneurial spirit eventually catches on.” Moore and Noyce are evidence of the fact that entrepreneurs do not necessarily have to be born as such. Through a process of discovering their passion and being unhappy with their prospects at other companies, Moore and Noyce decided to start up their own business. It was their willingness to admit their shortcomings and seek out the help of others that the two accidental entrepreneurs in fact became two of the most successful entrepreneurs in modern time.
Moore claims that entrepreneurship is far from being in his blood. “To me the opportunities to start a company are few and far between,” he says. “I’m not the sort of entrepreneur who can just say, ‘I’m going to start a company. Let’s look for an opportunity.” Instead, things have to line up properly, with Moore claiming that in his entire career, he has only seen three ideas pass his way that he would have considered turning into an enterprise.
Intel was one of those opportunities. After becoming restless and dissatisfied with their work at Shockley, one of the Treacherous Eight wrote a letter to his friend at Hayden Stone, a New York investment banking house. He told Stone that there was a group of eight researchers who enjoyed working together and were seeking to be hired as a group for another company. Stone sent two of his colleagues to visit the group. “They talked to us and said: ‘You don’t want to look for a company to hire you; you want to set up your own company,’” recalls Moore. “That didn’t sound bad.” Stone found financial backing for the group and with that, Moore claims, he “finally became an entrepreneur.”
Moore and Noyce might not have been entrepreneurs for a long time, but once they decided that was what they were going to be, they set off to make it happen. They sat down with a copy of The Wall Street Journal, sifting through the New York Stock Exchange listings to identify the companies they thought would be interested in supporting a semiconductor venture. There were 30 that topped their list, and they began contacting every one. The search would result in the backing of Fairchild Camera and Instrument.
Next, after realizing their own shortcomings – “that none of us knew how to run a company,” recalls Moore – the group hired somebody to be their own boss. They hired Ed Baldin, who had come and told them “a lot of things they didn’t know,” such as the need to establish different parts of the organization with different responsibilities, and the need to bring in a marketing manager.
Noyce and Moore might have been accidental entrepreneurs, but their success was no accident. Committed to learning all they could, and from the best they could find, the duo worked hard to make up for their business shortcomings. In the end, it was their limitations as businessmen that facilitated their rise to the top.
Lesson 3 The Accidental Entrepreneur is No Accidental Success
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Dianne CramptonDianne Crampton is an executive leadership coach, team culture consultant, author and president of TIGERS Success Series, Inc. Dianne has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down go here. Dianne's contribution to the 2010 Pfeiffer Consulting Journal (an imprint of John Wiley and Sons Publishers) entitled TIGERS Hearted Teams is available in November 2009. Her new book TIGERS Among Us: 5 Winning Business Team Cultures And Why, Three Creeks Publishing will release in March 2010. To receive publishing discounts, subscribe to the free TigerTracks Newsletter here. - Visit Dianne Crampton's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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