“Now is the time for Entrepreneurs” says Steve Ballmer at Stanford’s Entrepreneurship Corner

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“Now is the time for people who care, who want to invent, who have skills in specific scientific and information technology areas to get out there and add to the productivity of the economy”, Steve Ballmer, CEO of Microsoft speaks to a packed auditorium at Stanford and shares his optimism for emerging innovation in the midst of economic turmoil, and the story of his own entrepreneurial path.

He also speaks of his company’s continued investment in Internet-ready hardware and software that seeks progress in healthcare, education, and science.


Steve Ballmer’s Tips to Entrepreneurs

1 ) The time is now
In spite of the gloomy economy, its a great time to innovate and invent if you have a specific skill set in information technology.

2 ) Look around you

Look around you at the people you know, find good people, those are the people to trust when you start something.

3 ) Be patient and work hard
Some things that wind up being really important take more than ten years to become really popular. Ballmer points to Windows, SQL Databases (Oracle), Google. While he admits there are a “few exceptions,” for the most part it’s about hard work

4 ) Don’t let others dissuade you
“My parents thought I’d lost my mind to drop out of Stanford Business School to go to a company that makes software,” Ballmer said. “My dad said ‘what the heck is software’ and my mother said ‘why the heck would a person need a computer?'”

We’ve embedded the video of the lecture below it’s well worth watching, particularly given Ballmer’s 29 years of first-hand experience with one of the world’s most innovative technology companies. It runs about 58 minutes, the first 25 consist of his talk, the rest is made up of Q&A and it is well worth your time if you’re considering inventing something new and want to listen to one of the greatest marketers of the digital era.

Article by ZK

ZK has written 945 articles.

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  • Web Marketing Blog Journal May 11, 2009, 5:44 pm

    Great speech by one of America’s great entrepreneurs…

  • game-girl May 11, 2009, 11:54 pm

    HE IS SO IMPRESSIVE! A GOOD GURU AND A SUCCESSFUL ENTREPRENEUR FROM WHICH I WOULD LIKE TO LEARN.

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  • Web Developer May 12, 2009, 8:10 am

    I agree with the title of this blog post and his views, “Now is the time for Entrepreneurs “, with the economy in turmoil its the best time to start your own web business or web blog and work on making it a passive source of income.

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  • Dan Malciu@seo services May 12, 2009, 8:33 am

    You know I am not a big fan for Ballmer, but this speech is definitely inspirational. According to me, there is no specific time for entrepreneurs, everyday is good for starting a new business if the right skills, ideas and passion is there in starting individuals. But it’s true these might be specially good times for starting business because large corporates are trying to reduce their costs and they are willing to try new and innovative solutions offered by startups if they can increase sales / profits or reduce costs.

  • Asswass May 12, 2009, 11:05 am

    Men I wish I’d been there. Just to listen to these great entrepreneurs should be an invaluable opportunity

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  • gilbert@new bank account May 12, 2009, 12:41 pm

    I will agree to this post, now is the time for the entrepreneur especially now where on the mid of crisis…the speech of Steve Ballmer really inspiring for the entrepreneurs…start a new business in this little way it will help lift.up the economy…

  • underfloor heating May 12, 2009, 10:20 pm

    According to me running a business isn’t easy. With customers to deal with, clients contacting you at any hour of the day, products to maintain and possibly even staff to manage, operating a business is very intensive. Before you begin anything, consider whether or not you really want to be in business.

  • Lena Steuern@ sicher Kaufen und Verkaufen May 13, 2009, 4:47 am

    Starting a new business in this economic climate does seem like a stupid idea.. but I guess if everyone thought that, the ecomony wouldn’t improve at all. I definately agree that patience and hard work can get you far in life!

  • Matt@Make Money from eBay May 13, 2009, 9:13 am

    Yes, this is a depressing time. But there’s that old saying that I’ve often heard repeated: In Chinese, the word for crisis is the same as the one for opportunity.

    I used to think it was silly. But I can see what it means now, at least as it pertains to business.

    Take SEO. With cash flow so tight and so many businesses wanting to find an effective means of promotion that is cheap – or better still, free – those who know how to get good search engine rankings are in very high demand.

  • Kasper@søgemaskineoptimering May 13, 2009, 5:29 pm

    Inspiring speech – You can learn a lot from these master-entrepreneurs.

  • Fish Recipes May 13, 2009, 5:57 pm

    Now is definitely a great time to take the many opportunities that are out there. I wish we Steve Ballmer spoke at my university!

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  • Earn Money Writing May 13, 2009, 8:27 pm

    This so true.

    You have to work hard and not listen to the haters!

  • Earn Money Writing May 13, 2009, 8:28 pm

    oh thanks for posting the video

  • jewellery May 13, 2009, 10:03 pm

    Inspirational speech by the CEO of Microsoft , thanks for sharing .

  • Jason May 14, 2009, 3:58 am

    Entrepreneurs arise during these hard times. It doesnt hinder them but see it as an opportunity.

  • Steve May 14, 2009, 4:53 am

    Great speech by Ballmer! Yes, this is the right time for entrepreneurs as more new ideas can make business in this economy.. thanks for the video!

  • Baby Gear May 14, 2009, 6:51 am

    I am totally agree with Steve … as this is the perfect time to get up and leave your mark. Now people are looking for the opportunity and if you will be able to provide them opportunity than believe me this will simply great.

    You just need a perfect product which you can sell and people will be able to get the benefit from that.

  • gilbert @ new bank account May 15, 2009, 3:48 pm

    Hope that every entrepreneur will cooperate to save our economy…let work together as one we can overcome this crisis…

  • Lance May 17, 2009, 12:27 pm

    It’s good not to shy away from the economy but rather look for areas of investment.

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  • Ann @ Work From Home May 18, 2009, 12:44 am

    I really like #4, it really applies to all types of ventures and especially MMO, you have to believe in yourself and have faith in the business and the possibilities are endless.

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  • Kit Homes May 18, 2009, 2:54 am

    I agree with the title of this blog post and his views, “Now is the time for Entrepreneurs “, with the economy in turmoil its the best time to start your own web business

  • Seaward May 19, 2009, 10:57 pm

    I agree with the title of this blog post and his views, “Now is the time for Entrepreneurs “, with the economy in turmoil its the best time to start your own web business or web blog and work on making it a passive source of income.

  • Bubba Moe May 19, 2009, 11:16 pm

    Take SEO. With cash flow so tight and so many businesses wanting to find an effective means of promotion that is cheap – or better still, free – those who know how to get good search engine rankings are in very high demand.

  • kitchen taps May 21, 2009, 6:01 am

    Great tips by steve! Personally, I liked #1 and #3. Entrepreneurs can definitely discover and lead as steve said in this depressing time if some special skills are there and the last but not least is all about hard work and patience.

    • Daniel May 27, 2009, 10:03 am

      Absolutely it’s about hard work and patience. According to a recent poll, 57% of entrepreneurs say they work “always” or “most of the time” on official holidays. Just 31% of total adults answered the same way. Slightly more than 60% of small-business owners say they toil six or seven days per week, while only 22% of the general population say they work that much.

      Those numbers come from a video on newsy.com about entrepreneurship.

  • Goverment Money Club May 27, 2009, 10:56 am

    I really like the point 3 It need to be followed

  • internet marketing reviews May 28, 2009, 9:55 pm

    You know I am not a big fan for Ballmer, but this speech is definitely inspirational. According to me, there is no specific time for entrepreneurs, everyday is good for starting a new business if the right skills, ideas and passion is there in starting individuals.

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    You know I am not a big fan for Ballmer, but this speech is definitely inspirational. According to me, there is no specific time for entrepreneurs, everyday is good for starting a new business if the right skills, ideas and passion.

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  • feliderordonez June 11, 2009, 8:35 am

    :O So mush Info :O

  • Baby Gifts July 17, 2009, 10:17 pm

    Now is the time for Entrepreneurs “, with the economy in turmoil its the best time to start your own web business or web blog and work on making it a passive source of income.

  • Payday Loans September 12, 2009, 3:40 am

    Definitely a good time for entrepreneurs, start up businesses, investments and property. If you’ve got money I think you should invest now!

  • quick Loans December 16, 2009, 5:41 am

    I agree with you – patience is key