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The Creator's Code: The Six Essential Skills of Extraordinary Entrepreneurs | |||
The Creator's Code: The Six Essential Skills of Extraordinary Entrepreneurs |
Amy Wilkinson is a strategic adviser, entrepreneur, and lecturer at the Stanford Graduate School of Business. She frequently addresses corporate, association, and university audiences on entrepreneurial leadership. She also advises startups and large corporations on innovation and business strategy. Her career spans leadership roles with McKinsey & Company and JP Morgan and as founder of a small foreign-based export company. Wilkinson has served as a White House Fellow in the Office of the United States Trade Representative and as a senior fellow at the Harvard Kennedy School. Learn more about her work at AmyWilkinson.com.
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You know that sense you get when something has the ring of deep truth to it? That's the feeling I got a couple of months ago when listening to Amy Wilkinson's talk about her upcoming book. So I pre-ordered the book, and when it came out, went through it like lightning through tofu, devouring it in 1.5 sittings.
For my brain, this book is pure crack: stories of risk-taking, hard-working, talented entrepreneurs and their ventures. If that were all that "Creator's Code" were offering, I'd already be sold. But Wilkinson goes way beyond that and actually distills the wisdom of these unusually successful people into six principles mere mortals like you and me can use.
Here are the 6 principles:
1. FIND THE GAP: By staying alert, creators spot opportunities that others don't see.
2. DRIVE FOR DAYLIGHT: Just as race-car drivers keep their eyes fixed on the road ahead, creators focus on the future.
3. FLY THE OODA LOOP: Creators continuously update their assumptions. In rapid succession, they observe, orient, decide, and act.
4. FAIL WISELY: Creator set failure ratios, place small bets to test ideas, and develop resilience. They hone the skill to turn setbacks into successes.
5. NETWORK MINDS: Creators bring together diverse brainpower to come up with breakthrough solutions.
6. GIFT SMALL GOODS: Creators unleash generosity by helping others, often by sharing information, pitching in to complete a task, or opening opportunities to colleagues.
Here's what I like about the book:
--The stories of the entrepreneurs: You may have used PayPal or eBay, or bought Spanx undergarments, or wished for a Tesla Model S for Christmas, but you may not know how these companies came into being. Loved hearing how Sarah Blakely started as a door-to-door fax machine saleswoman, how Pierre Omidyar and Jeff Skoll partnered to get eBay going, how Elon Musk was always mere millimeters away from disaster (or already in it) with Tesla and SpaceX, and how the PayPal guys beat out the competition and beat down international fraud rings through sheer determination and ingenuity.
--The interviews: I hope Wilkinson has super-elite platinum molybdenum frequent flyer status by now, since she must have run up crazy miles to interview pretty much every single luminary of today's entrepreneurial world. Some of these guys I had heard of before; some of them I'm glad to know about now (e.g. Steve Ells, founder of Chipotle). The list is impressive: the aforementioned Musk, Omidyar and Blakely; Elizabeth Holmes, the elusive wunderkind of Theranos; Peter Thiel; genius inventor Dean Kamen (of Segway and Slingshot fame); Google's Larry Page; MIT's Bob Langer, head of the world's largest bioengineering lab; Hamdi Ulukaya of Chobani yogurt; Joe Gebbia and Brian Chesky of Airbnb; Kevin Plank of Under Armour; Max Levchin of PayPal, Yelp, Affirm, Glow, and co-inventor of CAPTCHA; David Sacks of PayPal and Yammer; Jessica Herrin of Stella & Dot; the legendary David Kelley of IDEO.
--The ideas: Wilkinson has combed the scientific literature to bring us some gems from psychology, anthropology and neuroscience relating directly to creative success. For example, from psychiatrist Albert Rothenberg: "Conceptual contradiction can lead to creative results." So, hire people with different opinions. Or psychologist Carol Dweck's notion of growth vs fixed mindsets, and how the former leads to a more can-do attitude and entrepreneurial drive. The importance of the "Yes, and..." rule of improv comedy in hatching and developing new ideas. And one of my favorite from the whole book: "Creators become comfortable with being uncomfortable. To fail wisely, they place small bets, set a failure ratio, believe enough to persist, and turn setbacks into strength."
-- The implementation: Wilkinson doesn't just tell you what the principles are; she also gives you eminently usable methods for implementing them. For example, regarding Principle 5, Networked Minds: "To solve multifaceted problems, creators bring together the brainpower of diverse individuals through on- and off-line forums. They harness cognitive diversity to build on each other's ideas. To do this, creators design shared spaces, foster flash teams, hold prize competitions, and build work-related games. They collaborate with unlikely allies." Do you have any idea how much concentrated wisdom those 49 words contain? Amazing.
-- Thoroughness: Amy did 200 interviews with founders and went through 10,000 pages of transcript notes, 5000 pages of secondary data and 4000 academic papers to come up with her stuff. Not sure how she boiled it all down to 6 concise principles (I suspect it involved some secret formula and goat sacrifices), but for all of us, I'm glad she did.
-- Writing style: One reason besides my superhuman reading speed that I could get through this book so fast is that the writing is super-smooth, no snags. Heck, I'm already re-reading it because I know it's an easy read.
In the end, the book is an embodiment of the spirit of generosity that Principle 6 (Gift Small Goods) advocates. Wilkinson does not glamorize rapacious money-grubbers but rather chronicles the work of well-intentioned entrepreneurs out to solve real problems facing humans. Her relentlessly positive tone and pro-sharing attitude can inspire us all to go out there and use these principles to make useful things. As such, "The Creator's Code" is no small good; it's a great gift to all who read it.
-- Ali Binazir, M.D., M.Phil., Happiness Engineer, Entrepreneur; Author, The Tao of Dating
San Francisco, CA
Amy Wilkinson made a great job picking the brains of today's greatest entrepreneurial heroes, telling amazing and inspiring stories, and conveying that knowledge into a practical framework to be used by anyone who aspires to be a high impact CREATOR.
In my role as founder and CEO of a financial services company, my main concern is to bring great products to market and then operate them better than anyone else. It's dangerously easy to go with the flow and stagnate. Here's where some of the Creator's Code lessons kick in: be alert to spot opportunities, dare to create without fear of failure and never stop looking for a better future. As it is easier said than done, the lively and well told stories serve as a great source of inspiration, and also these make lessons stick.
I also have the privilege to serve as a part time professor of Strategic Planning and Innovation at one of Latam's leading universities (ITESM). In the Creator's Code I found a great source of knowledge worth sharing with my students; I really wished I had access to such a treasure a decade ago. So, in the author's words, I flew the ooda loop and changed my teaching plan, replacing my former compilation of magazine articles, podcasts and youtube videos with this extraordinary book. Even my students loved it!
I'm sure this book will make the difference to many "regular" people, who will get the inspiration and knowledge to create the great products of tomorrow and who will become our future entrepreneurial heroes.
My congratulations and thankfulness to the author.
The book is very well written and very well explained on what it takes to create a business. The six skills are spot on; however, I do think there is one skill that I feel should have been there as a separate chapter is ability to sense the timing. I think Peter Thiel said this that "if you are one step ahead, you are a genius, but if you are two steps ahead, then you are a crackpot." I think successful creators have a knack of distinguishing between the two.
I highly recommend this book. I learned a lot. I thought I knew it, but I know it better now.
I'm constantly reading books on business, personal development and entrepreneurship. What I've found is that each book I've read is a part of a whole and the Creator's Code is no different. I'm thoroughly impressed by the research and the conclusions and I'd recommend this book to any fresh and seasoned entrepreneur on understanding how successful companies were built by those interviewed. What I would caution is that entrepreneurial success is far more encompassing than what this book outlines but like I said, it's an integral part of a larger picture. True success in business requires years of execution, analysis and the courage to go do it again quickly, over and over. What that also means is that there are other factors you'll need to incorporate in order to understand and execute. There is no end to success. Rather it is an endless path of improving through grit, consistency and the willingness to explore the unknown and learn from these experiences.
Excellent read! I loved reading about how super successful people think and the different ways how they come up with their big ideas. Very inspiring and would be the perfect book for any entrepreneur or person interested in business. This book outlined the different skills that these super successful businessmen had and shed some light on what I should be focusing on in order so that I can really tap into my creativity and come up with a great idea myself.
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