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The 2013 Endeavor Entrepreneur Summit concluded with two inspirational keynotes.
Endeavor President Fernando Fabre delivered an address on High-Impact Founders, reflecting on what makes High-Impact Entrepreneurs different and the lifecycle of these rare innovators. “A high impact entrepreneur is defined in two stages,” he said. “Stage one: be successful and scale. Stage two: use the success to mentor and invest in other entrepreneurs.” He highlighted Endeavor’s continued research in studying the “multiplier effect” as one of the most effective ways of fostering a culture or “ecosystem” of entrepreneurship.
The last session was titled “The Founder’s Mentality,” featuring Chris Zook. Zook is a best-selling book author, a speaker at international forums and a Partner at Bain & Company, where he helps companies find new avenues that will help foster growth. In his keynote he discussed new research on how founders think and quoted some old time thinkers, too — including Aristotle’s “We are what we repeatedly do. Excellence is a habit.”
That founder’s mentality of excellence is something to believe in – “founder-led companies outperform non-founder led companies by approximately two times as much,” he said. Founders are more like conquerors in this day and age, it seems; they are pushing the economy forward and taking the risks that often lead to the greatest successes.
And what’s the key to a founder’s success according to Zook? In a word, “Focus.”
Note: To learn more about Bain’s work on the Founders Mentality, click here.
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