Key Messages
Unlock The Power Of Exponential Growth Through Bold Use Of New Technology
Do you want to take your business to the next level? The key to achieving quick, lasting success is through exponential growth.
In Bold Book Summary, readers will discover what it takes to unlock the power of exponential growth with the use of new technology.
From crowdfunding and crowdsourcing, to tapping into a global online community for maximum effect, this book outlines how startups can go from zero to hero in no time at all.
You’ll even understand how Clarence Johnson designed the United States’s first military jet in only 143 days!
Not only that – you’ll learn about getting others to pay for building something like a swimming pool, too.
Plus, you’ll be taught how plants can inform you of whatever they need.
Exponential Technology: The New Asteroid That Will Wipe Out Today’S Dinosaurs
Exponential technology has opened up a world of possibilities in terms of how we can affect change in our lives and on the planet.
One way that it is doing this is by democratizing the power to create and innovate with new technologies.
The rise of exponential technology has been dubbed Moore’s law, which means that the number of transistors on integrated circuits doubles every 12-24 months.
This growth rate allowed us to move from bulky, less powerful electronics to devices like smartphones and tablets – devices that are a thousand times more powerful than a supercomputer from 1970.
3D printing is another example of how exponentially growing technology is allowing people to develop projects that would have taken many hours or require buy-in from expensive manufacturing systems before.
Thanks to 3D printing, projects are now possible even for those without the resources needed to build an intricate infrastructure; it makes manufacturing democratized so anyone with access can now make tangible products without much fuss.
In conclusion, exponential technology has allowed us to revolutionize the way we view industry and innovation as it increases accessibility while simultaneously making developing projects inexpensively achievable.
It’s safe to say that this advancement will continue into the future as technology becomes increasingly advanced and easier to access for users around the world .
The Future Is Now: Harnessing Exponential Technologies For New Innovations
Exponential technologies are quickly becoming the driving force behind some of the world’s biggest business opportunities.
Current examples include Artificial Intelligence (AI) and sensor technology.
AI is developing rapidly thanks to individuals like Ray Kurzweil, who is working towards natural language understanding in computers.
This means that machines may soon be able to understand nuanced speech, as well as subtle contexts in written language.
The consequences of this type of technology would be far-reaching – with human-like response capabilities, AI’s comprehension of its surroundings could eventually triumph over ours.
Sensors are also making leaps and bounds ahead in terms of affordability and accessibility.
Easy to use kits have made practical applications visible – think houseplants that “tweet” when they need water or beer mugs that can recognize how much has been drunk.
As the cost continues to drop, the number of sensors skyrocket while new possibilities offer unlimited potential for innovation.
Skunk Methodology: Finding Flow To Push Innovation Boundaries
Entrepreneurs with a bold vision for the future can turn to skunk methodology to help them finish cutting-edge projects in record time.
This strategy has been used for years, most infamously by the Skunk Works team at Lockheed Martin during World War II, who designed the first military jet in only 143 days – seven days ahead of their schedule!
This method helps entrepreneurs achieve their goals by removing distractions from corporate bureaucracy, drawing clear objectives and encouraging innovation.
By providing a free space for their team to work unrestrainedly, allowing ideas to develop and fail quickly and giving workers a feeling of complete focus on the task at hand, skunk methodology can help push boundaries and get projects completed at lightning speed.
Steve Jobs famously implemented a similar approach when creating the First Macintosh computer; he leased out a small building that was filled with 20 brilliant minds, thus creating an unmatched environment where creativity and innovation could surge.
The key factor that makes skunk methodology successful? It encourages teams to enter a state of flow where they tap into their full potential; this is when members are completely absorbed into their work—feeling energized and connected while pushing limits no one thought possible before.
Gaining Super-Credibility With Three Simple Steps: Start With Your Successes, Take Your Time And Present A Detailed Plan
When you have a big, bold idea, it’s essential to get support from those around you.
In order for people to become involved in your dream, it’s important for them to believe in it strongly and find it exciting.
This belief comes from having “super-credibility” behind the idea – or convincing evidence that this is an innovative project worth investing in.
The author and his partner Eric Anderson used a variety of tactics to create super-credibility for their Planetary Resources idea – gathering a group of billionaire investors who believed in the project and could put their money and names behind it, as well as bringing on highly qualified space engineers.
But super-credibility doesn’t necessarily require such powerful backing – there are more accessible steps to take towards achieving it.
One of these is starting with those who’ve already seen you succeed: when the author was still in college without investment connections, he used his success with Students for the Exploration and Development of Space (SEDS) to build credibility for his dream of opening up the space frontier.
He then took time to organize a conference where a detailed plan of what an International Space University would look like was presented by advisers too experienced (and credible) for anyone to doubt its potential success.
The Mindset Of Successful Entrepreneurs: Elon Musk And Sir Richard Branson
If you want to be an exponential entrepreneur and join the ranks of some of the most successful business founders, then passion and optimism are two key attributes.
Both Elon Musk and Sir Richard Branson are prime examples of this.
Elon Musk, who created four multibillion-dollar companies including Tesla Motors and SpaceX, considers his passion, purpose and optimistic approach to creativity as the crucial secrets behind his success.
Similarly, Sir Richard Branson is driven by the pursuit of fun when starting new business ventures – in fact he’s started over 400!
His idea is that if something brings him enjoyment, like creating a high-quality airline experience which makes people say “wow”, it’ll bring enjoyment to others too.
So next time you set out on a business venture or any other challenge in your life – stay passionate and remain optimistic!
Crowdsourcing: The Key To Unlocking Your Start-Up’S Potential
Crowdsourcing provides entrepreneurs with an invaluable tool for turning their ideas into successful businesses without ever leaving the comfort of home.
Essentially, crowdsourcing is the practice of taking a task once performed by employees and outsourcing it to a large network of people by making an open call for assistance.
It all began with unemployed designers looking for work online, and it didn’t take long before two 19 year olds realized they could tap into this talent pool.
Through their company Threadless.com, they started holding weekly t-shirt design competitions and awarding the winner $100 before selling shirts with their designs.
This venture became extremely successful and eventually earned more than $20 million annually!
More recently, platforms like 99designs and Gengo.com offer users a way to crowdsource for business as well as translators respectively.
Indeed, even Simon Clausen was able to build an antivirus company called PC Tools through crowdsourcing his first iteration of the antivirus app; his company reached a valuation of $100 million before he sold it!
How Crowdfunding Platforms Are Enabling Everyone To Tap People’S Resources For Projects Of All Sizes
Crowdfunding is one of the most powerful tools that entrepreneurs can use to raise capital.
This is an exponential growth tool which allows anyone to access potential supporters and customers with ease.
In the mid-2000s, crowdfunding began to be used mainly by musicians and filmmakers who sought alternate ways of funding their work without having to agree to constraints from big labels or production houses.
Today, there are hundreds of crowdfunding sites scattered across the web providing a significant economic value for any sort of project imaginable.
For example, +Pool raised over 270,000 dollars on Kickstarter for a swimming pool set in the middle of New York City’s East River – a really unique effort!
The key ingredient in a successful crowdfunding project is finding the underlying community which relates to your product or service.
You need a solution which solves real life problems, or tells powerful stories that connects with people.
An effective way to do this is by crafting prototypes via hardware; it almost guarantees financial support when done right!
Ultimately, crowdfunding is one of the best capital-raising options available to today’s entrepreneurs.
It empowers businesses and individuals alike; so if you have an original idea and you could be just a few clicks away from bringing it into reality!
How To Build A Community And What It Can Do For You
The key to taking on big tasks is establishing a solid, loyal and skilled community.
Just take a look at Kevin Schawinski’s Galaxy Zoo project, an online community of astronomers that have contributed to real-life science discoveries.
He then went on to create TopCoder – a platform for coders where people compete for prizes by solving various coding challenges – and it was even used by large companies like Best Buy.
For you to build a better community, you need to first play the role of a conversational caretaker and facilitate meaningful conversations about the vision of your communities.
Once the mission is identified, ensure that the members understand what they are meant to do.
Besides just involving people in the talk, also pick initial members of your community carefully to make sure they have some degree of involvement in your community-building process.
Hence, it’s necessary for you to recognize their input as this encourages them to engage more in meaningful conversations as well as actively participate in whatever tasks needed from them.
Wrap Up
The Bold book is a testament to the power of having an eye for the future.
This book lays out in detail how success in the world of entrepreneurship requires us to be forward thinking, and how that means appreciating the changing landscape brought on by exponential technologies.
These changes can have huge implications for everything from individual lives to entire societies, and this book serves as a reminder of that.
It reminds us all that staying ahead of the curve even just a little bit can mean avoiding pitfalls that others succumb to.
Through this book, we gain insight into what it takes to be a successful entrepreneur and make sure we don’t get left behind as technology progresses ever forward.
