Orne Orton Orton, MIT, Soccer discussed on School For Startups Radio

Automatic TRANSCRIPT

And welcome back to school for startups radio. We are going through the myth of entrepreneurship and talking right now about creativity. Let's jump back into that conversation. And learn why creativity is not needed as an entrepreneur and crazy stuff play soccer and all that and maybe some tennis courts and all that. But our campers didn't wanna do that stuff. Anyway, we had to drag them out to make them go outside our clientele. And so any way the facilities were the exact same being at MIT or Stanford came with absolutely no other benefit that the that the location where you are happen to have a certain name, right? They are professors were not involved with our programs facilities in terms of computers are laboratories or not involved with our programs facilities. We used for recreational in dining. Right. We didn't even use their libraries, right? We brought our own computers. Though in no way, where we associated other than just the coincidence of location, right, but people paid an extra premium for that the ability to simply say what's your kid doing my kids at Mitee? This are studying computer electronics ATM. Oh, it sounded really cool and special and in fact, later on we had parents writing thing could they put that on their college locations that they had studied in the summer at MIT. And we were like, you know, it's your application. Do whatever you want. Never the less. Back to it. It's all about execution. By year, five or six for us all of our promotional materials went out on a beautiful CD with beautiful docket. You know, easy thing Mailer and everything it was all high tech and the other guys are still using the exact same brochure that they used for twenty seven years just in a different color. That's the every year. It was a different color, and it wasn't even four color. It was black and white with one accent color in just several little places. And so all they did was change the colors were, you know, we were evolving getting better and better and better every year and executing better and better and getting more and more locations in doing more and more cool things, for example, back in ninety six I think or maybe ninety eight or maybe it was two thousand we had CNBC reporters kids that were associated with our programs at conventions reporting. Hang on television networks tie-ins and cool things like that. And so we continued to get better. Everyone saw us as the dominant player we were in fact, a copy of someone out we just did it a thousand times better. Do I lose points for that? Is the question. Do I lose money we made more money than they did. I lose something because the idea was a copy, I just did it better. We had tie with Microsoft, Intel and EA and Sony. They didn't we were at Stanford MIT, they weren't Orne Orton Orton. According to the global entrepreneurship monitor which is run by Babson university and the London School of economics. They have this thing called Jim GE and the global entrepreneurship monitor and every year, it surveys countries around the world and establishes levels of entrepreneurship and a bunch of other things around the world in particular. They studied the differences in opportunity and necessity entrepreneurship in different countries. Are you an entrepreneur because you're going to starve to death and you're selling oranges on the street corners, or are you a notch entrepreneur because you see an opportunity, right? There's a huge difference there. Anyway, the global entrepreneurship monitor reports that ninety three percent ninety three percent of businesses worldwide are replication of other existing businesses ninety three percent. Are copies. Mcdonald's. Burger king. Crystal Jack in the box, right?.

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