Why Common Sense Is Not So Common Among Founders
Entrepreneur magazine|March 2021
Some years ago, two college kids posted online photos of themselves smoking weed in their dorm room. The next day, when they realized what they’d done, one of the guys observed, “I wish we could retract those photos.”
Martin Lindstrom
Why Common Sense Is Not So Common Among Founders

The result was Snapchat, a $50-billion company. Their pain, amplified by empathy, shaped the Snapchat concept. I’d suggest that nearly every startup has one thing in common. They’re born on empathy, stemming from the founder’s solution to his or her frustrations, dreams, fears, and wishes.

Empathy is the ability to place oneself in the customer’s shoes. Or, to state it another way: to treat consumers and fellow employees as you would want to be treated. When empathy takes off, you’ll witness a small army of true believers join forces and march day-and-night until they’ve broken through their organisation’s red tape and ‘we’ve always done it that way’ mindset.

Lack of empathy paralyses the giants of every industry – yet in a David and Goliath scenario, a relatively small number of empathetic strivers can do wonders to reinvigorate an unstoppable, powerful entrepreneurial spirit, admired by every corporation out there.

SO HOW COME, IF THE ENTREPRENEURIAL SPIRIT IS SO DESIRED, IT ALMOST ALWAYS DISAPPEARS?

I’ve studied and worked with hundreds of companies around the world, from Googles and LEGOs to tiny over-night wonder start-ups like Hitwise.com and YellowPages.com, to promising start-ups that never really took off. I’ve observed what happens as companies grow and how that entrepreneurial spirit gets lost in translation. In almost every case, the answer boils down to three simple words:

LOSS OF EMPATHY.

This story is from the March 2021 edition of Entrepreneur magazine.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the March 2021 edition of Entrepreneur magazine.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM ENTREPRENEUR MAGAZINEView All
THE SUBMERGED ADVENTURES
Entrepreneur magazine

THE SUBMERGED ADVENTURES

Spearheading GetVantage, one of the leading alternate financing companies in the country, Bhavik Vasa knows that sometimes entrepreneurial journey can get tough and stressful, but he has his own way of clearing his mind -- a few feet underwater.

time-read
2 mins  |
April 2024
Robust Charging Infra Key To India's EV30@30 Ambition
Entrepreneur magazine

Robust Charging Infra Key To India's EV30@30 Ambition

WHILE GOVERNMENT AIMS TO HAVE 30% OF 2030 CAR SALES AS EVS IN THE COUNTRY, THE VISION SEEMS UNATTAINABLE WITH JUST OVER 12,000 PUBLIC CHARGING STATIONS IN THE COUNTRY AT PRESENT.

time-read
4 mins  |
April 2024
OWNING A SLICE OF PROPERTY
Entrepreneur magazine

OWNING A SLICE OF PROPERTY

Real estate is a critical component of one's portfolio as it provides income, capital appreciation, inflation protection, and diversification.

time-read
4 mins  |
April 2024
THE FUTURE OF FINTECH
Entrepreneur magazine

THE FUTURE OF FINTECH

It's all about setting the house in order

time-read
3 mins  |
April 2024
ETCHING SEMICON DREAMS
Entrepreneur magazine

ETCHING SEMICON DREAMS

Historically concentrated in regions like the US, East Asia, and Europe, there's a rising interest in expanding semiconductor assembly and packaging capabilities to emerging markets like India.\"

time-read
7 mins  |
April 2024
6 Lessons I Learnt In My First Startup Venture
Entrepreneur magazine

6 Lessons I Learnt In My First Startup Venture

EVEN THOUGH YOU PICK A BIG MARKET, IT’S IMPORTANT TO PICK A SMALL SEGMENT OF IT TO FOCUS ON FIRST AND UTTERLY DOMINATE BEFORE YOU SLOWLY EXPAND.

time-read
2 mins  |
April 2024
How AI and ML are revolutionising healthcare industry
Entrepreneur magazine

How AI and ML are revolutionising healthcare industry

Al ALGORITHMS CAN NOW ANALYZE VAST AMOUNTS OF BIOLOGICAL DATA TO IDENTIFY POTENTIAL DRUG CANDIDATES, PREDICT THEIR EFFICACY, AND OPTIMIZE DRUG DISCOVERY PROCESSES.

time-read
2 mins  |
April 2024
5 Lessons I Learnt As An Entrepreneur Over The Last Decade
Entrepreneur magazine

5 Lessons I Learnt As An Entrepreneur Over The Last Decade

TODAY, WE ARE A PROFITABLE BUSINESS WITH 2.5 TIMES OF OVER PRECOVID BUSINESS VOLUMES.

time-read
2 mins  |
April 2024
Revolutionizing the two-wheeler industry with technology
Entrepreneur magazine

Revolutionizing the two-wheeler industry with technology

TO CATER TO THE INCREASING DEMAND FOR TWOWHEELERS, THE INDUSTRY IS CONTINUOUSLY EMBRACING THE LATEST TECHNOLOGIES TO ENHANCE EFFICIENCY, PRODUCTIVITY, AND SUSTAINABILITY.

time-read
2 mins  |
April 2024
Who's Stealing Your Time?
Entrepreneur magazine

Who's Stealing Your Time?

Do you have less time for the things you love? You might be blaming the wrong people.

time-read
2 mins  |
March 2024