You Don't Need a New Idea to Start a Business
Serial entrepreneur Gurbaksh Chahal says the best way to become a company that is one day over taken is to have a new idea. Witness the history of Kodak and Blackberry, he says.
What's the Latest Development?
Serial entrepreneur Gurbaksh Chahal knows how to start a business and says having a new idea is not essential to a new company's success. After dropping out of school, Chahal worked to build an online advertising business which he later sold for $40 million. He sold his next business, BlueLithium, for $300 million. Currently, he is working on RadiumOne, a social-network-driven advertising initiative. Advertising is an old business and Chahal says one of the surefire ways to be taken over as a business is to have a completely new idea.
What's the Big Idea?
Chahal points to companies like Kodak and Blackberry which have recently fallen on hard times despite being revolutionaries in the respective fields. Kodak failed to re-imagine itself in the digital age, failing as a photography company despite having practically invented the industry. Blackberry, too, has seen itself eclipsed by the iPhone despite have pioneered the smartphone industry while Apple was still just making personal computers. Sometimes, says Chahal, believing that you can do something better than someone else is enough for success.
Photo credit: shutterstock.com
Pfizer's partnerships strengthen their ability to deliver vaccines in developing countries.
- Community healthcare workers face many challenges in their work, including often traveling far distances to see their clients
- Pfizer is helping to drive the UN's sustainable development goals through partnerships.
- Pfizer partnered with AMP and the World Health Organization to develop a training program for healthcare workers.
A new study shows choosing to be active is a lot of work for our brains. Here are some ways to make it easier.
There's no shortage of science suggesting that exercise is good for your mental as well as your physical health — and yet for many of us, incorporating exercise into our daily routines remains a struggle. A new study, published in the journal Neuropsychologia, asks why. Shouldn't it be easier to take on a habit that is so good for us?
There is no doubt that the historical Jesus, the man who was executed by the Roman State in the first century CE, was a brown-skinned, Middle Eastern Jew.
I grew up in a Christian home, where a photo of Jesus hung on my bedroom wall. I still have it. It is schmaltzy and rather tacky in that 1970s kind of way, but as a little girl I loved it. In this picture, Jesus looks kind and gentle, he gazes down at me lovingly. He is also light-haired, blue-eyed, and very white.
The stories we tell define history. So who gets the mic in America?
- History is written by lions. But it's also recorded by lambs.
- Including different voices can paint a more full and vibrant portrait of America. Which is why more walks of American life can and should be storytellers.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.