How to Start a Business, and Fast

Nobody is born with entrepreneurial skills, says Eric Ries, Harvard's entrepreneur-in-residence. What's important is learning the science behind managing risk and failure. 

What's the Latest Development?

Harvard Business School's entrepreneur-in-residence thinks the idea of emulating successful entrepreneurs is a tired one because it relies on impossible strategies like 'being in the right place at the right time' and possessing 'innate entrepreneurial talents'. Eric Ries says that "Executing a great vision has more to do with being taught the science behind efficiently managing risk and failure." With that belief, he began teaching what he calls the science of entrepreneurship.  

What's the Big Idea?

Doing the science of entrepreneurship entails experimenting with different market strategies and business features, says Ries. And to have the freedom to experiment, companies must be lean and agile. "Think big; start small," he says. "A lean startup looks around for anything to help build the 'minimum viable product' and immediately begins learning and building with customers, so you can fail more quickly and move on." The problems which business can solve are too big to risk over-investment in a bad idea. 

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

How KGB founder Iron Felix justified terror and mass executions

The legacy of Felix Dzerzhinsky, who led Soviet secret police in the "Red Terror," still confounds Russia.

Getty Images
Politics & Current Affairs
  • Felix Dzerzhinsky led the Cheka, Soviet Union's first secret police.
  • The Cheka was infamous for executing thousands during the Red Terror of 1918.
  • The Cheka later became the KGB, the spy organization where Russia's President Putin served for years.
Keep reading Show less

A world map of Virgin Mary apparitions

She met mere mortals with and without the Vatican's approval.

Strange Maps
  • For centuries, the Virgin Mary has appeared to the faithful, requesting devotion and promising comfort.
  • These maps show the geography of Marian apparitions – the handful approved by the Vatican, and many others.
  • Historically, Europe is where most apparitions have been reported, but the U.S. is pretty fertile ground too.
Keep reading Show less

Brain study finds circuits that may help you keep your cool

Research by neuroscientists at MIT's Picower Institute for Learning and Memory helps explain how the brain regulates arousal.

Photo by CHARLY TRIBALLEAU / AFP/ Getty Images
Mind & Brain

MIT News

The big day has come: You are taking your road test to get your driver's license. As you start your mom's car with a stern-faced evaluator in the passenger seat, you know you'll need to be alert but not so excited that you make mistakes. Even if you are simultaneously sleep-deprived and full of nervous energy, you need your brain to moderate your level of arousal so that you do your best.

Keep reading Show less