Wednesday, August 12, 2009

FastTrac Day 1

It has been a long time since I wrote here last, yet it feels like only yesterday. Amazing how fast a summer can go by. But befitting that on the sunset of my first FastTrac class tonight that I should dive back into jotting down some thoughts. If this class is any indication, there will be many more to come.

First thing is this, here is a class on business that mirrors much of what an entrepreneurship/startup biz class might cover, yet...
  1. Costs less
  2. Brings in actual, local business people to tell their story
  3. Focuses on real end-products with direct WIIFM for participants (tested business plan)
  4. Directs participants to collaborate, work together during/after class
  5. Provides 1 coach for every 2 students (1:2 vs 1:50 class ratio)
In tandem to Josh Kaufman's Personal MBA and Seth Godin's Alternative MBA concepts, I wonder what it is about these concepts that is so hard for most colleges and classrooms to grasp...
  • Cooperation over competition
  • Mentors over lectures
  • Real-world biz stories over outdated textbook case studies
In the very first 3 hour class session, I heard at least a 1/2 dozen inspiring stories of folks who simply went out and did something, perhaps failed, but continually persisted in pursuing their passion to create a real systems that generate greater value and efficiency than the status quo could ever dream of... often with little more than handful of partners.

Never apologize for being small, the biggest ideas often emerge from the smallest in size.

1 comment:

Jack said...

Clif,

This is a perspective I hadn't thought much about but the comparison makes a lot of sense.

The Kauffman Foundation, describes FastTrac as a program developed by entrepreneurs, for entrepreneurs.

I believe it came about because of a recognized need to inject an element of direct exposure to real situations and to the people involved. Who can better relate actual experiences in starting and growing companies?