Conventional business wisdom tells us that entrepreneurs are today’s main source of innovation. We see the stories of young founders leaving college with a big idea, going to work in their garage, and building something that changes the world. We hear about corporate employees, strangled by slow-moving bureaucracy, that are blocked from making transformative discoveries. In fact, […]
10 Ways That Open Business Sharing Propagates Success
Too many customers have long felt distanced from many successful brands, seeing them as closed and mysterious environments, focused only on profits and killing competitors. They may not have noticed the wave of “open businesses,” spawned by the Internet and social media. These are responding to the demands of this new world for collaboration, trust, […]
7 Strategies To Make You A Business Role Model
Every aspiring business leader and entrepreneur needs to understand their seven leadership initiatives, as summarized and paraphrased here.
7 Strategies To Prepare For Global Market Challenges
New entrepreneurs who want to survive, and optimize the growth of their startups, need to think globally and act locally, from day one. This approach, popularly known as “glocalization,” means you have to design and deliver global solutions that have total relevance to every local market in which you operate. Recognizing this is as much […]
5 Strategies For Building Winning People Connections
In the entrepreneur world, it’s still a popular misconception that the “idea” is everything. Even though investors, like myself, have long made it clear that we invest in people, not ideas, new venture owners insist on talking about their latest “million-dollar idea,” rather than their “million-dollar team.” The power is in the people, their business […]
3 Elements Of Business Planning Drive Future Success
Your business can’t be all things to all people and excel at anything. Every entrepreneur and every business needs a strategy to keep them focused. In fact, in this new world of pervasive interactivity, it’s time to rethink even how to develop a strategy. Strategy used to come from the inside looking out, but now […]
How To Check Your Ethics Before A Business Decision
Most business leaders I know clearly understand the difference between legal and illegal activities, but often are not so clear on the line between ethical and unethical. Unfortunately, there is no universal code of business ethics, written down and enforced by some external governing body. We all have to rely on our own interpretation of what […]
7 Characteristics of People Who Drive Global Change
By most definitions of the term, an entrepreneur is someone who starts a new business, incorporating innovative changes to existing products, services, business models, and creating new markets. Yet very few achieve that great aspiration of really driving economic, social, and environmental changes on a global scale. What does it take to get to that […]
If These Quotes Could Be You, Don’t Try A New Startup
Put aside your fantasies, and take a hard look at who you really are, before you commit to the entrepreneurial lifestyle
Great Entrepreneurs Rush to Embrace the Right Risks
Outside of dreams, there is no real business opportunity without risk. Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive get-rich-quick scheme with no risk. As an active angel investor, I still hear entrepreneurs asserting large opportunities with minimal risk and no competition. My conclusion, either way, is that they have […]