Understanding

Wikipedia, the free, on-line encyclopedia, describes understanding as

A psychological process related to an abstract or physical object, such as, person, situation, or message whereby one is able to think about it and use concepts to deal adequately with that object. An understanding is the limit of a conceptualization. To understand something is to have conceptualised it to a given measure.

Understanding is key for entrepreneurs. Entrepreneurs have to understand themselves. They have to understand people. And they have to understand the world around them.

Now the self, the world, and other people are not static. They're always changing, more so as we go forward. So entrepreneurs have to develop the tools to re-understand all of the above almost every day. If they don't, they'll be swimming upstream in a rapids.

What do you think about this? I'd like to know. And post a comment.

Entrepreneurship 2.0 is my entrepreneurship course. The ideas in it supply the life's blood of my professional activities: teaching, writing, and real estate. For entrepreneurial real estate go to www.yourstopforrealestate.com/blog and for entrepreneurial writing to www.kearneymusicschoolmurders.blogspot/com.