Many aspiring entrepreneurs are misled into pursuing a capital investment without taking into account financing, which is the key component that gives your company its ability to grow. The majority of start-ups I come across look for capital without taking the necessity of financing into consideration.
I have learned this lesson like I have learned most of my lessons, ‘the hard way’, when Gary and I started our first business in college in 1991. Read More
Our experiences are what shapes our future behaviors and decisions, but our outcomes are not always a positive reflection of those experiences.
For any of you who know me, you are aware that, if you haven’t had the fortunate opportunity of falling flat on your face, I very much hope you do sooner as opposed to later. In fact, the more I care about you, the sooner I hope you get there so you can go through the experience.
There are tremendous advantages in both your business and in your personal life to falling flat on your face. Read More
Some of the most powerful pieces of advice I have ever heard are very simple but extremely powerful. The first bit of advice was something I was told a very long time ago and at first took offense to, “Keep it simple stupid”. It turned out later to be a phrase that has provided me a blueprint for how I try to live my life.
My entire focus in life is to try to keep things as clear as humanly possible and to try to simplify the complicated to the best of my ability. Read More
This post is ALL about impressing people.
The world is filled with people trying to impress one another in one way or another, so much so that I find that it has become nearly impossible to spot authenticity these days.
It really takes me some time to tell if you are being authentic… as opposed to being full of it. Read More
How many times have you heard someone say that he or she is so lucky? Of course we’ve all heard that phrase plenty of times. In a lot of cases ‘true luck’ does seem to appear in the most unexpected places.
Business luck, on the other hand, at least in my eyes, has more to do with being prepared at the right time when opportunity comes knocking. Read More
The minds of entrepreneurs are quite different from most. There are certain traits we have that enable us to succeed, and others that lead us to certain failure.
There is one word, however, that every entrepreneur has which has the same power to create success as it does to destroy dreams … It is a trait that all entrepreneurs have for better or for worse to one extent or another: Read More
In today’s video, I use JC Penney’s recent debacle to explain why entrepreneurs need to learn, adjust and execute their ideas on a small level before scaling it up. I discuss companies that have done it well, and those that haven’t.
Let me give you the moral of the story up front. If you have developed a product or service and you are hesitant about whether or not to bring it to market yet… Bring it to market TODAY. Not tomorrow. Not next week. TODAY. Let me tell you why…
Yesterday, I was catching up on some articles from the NY times that I hadn’t had a chance to read this past week. I came across an article that hit me like a punch in the face Read More
When individuals of some mythical entrepreneurial standing reach a certain point in their careers, they seem to graduate and cross some invisible line where they suddenly seem to possess the authority to tell other aspiring and existing entrepreneurs what to do and how to do run their businesses.
So what exactly is it that gives them this self-appointed credibility to tell other business owners what to do? I think the easiest answer is that telling entrepreneurs what to do has been Read More