New companies aren’t built by tinkerers in garages. Instead, startups emerge from big established companies. Amar Bhide, author of The Origin and Evolution of New Businesses, interviewed 100 founders from the Inc. 500 list of the fastest-growing private U.S. companies and found that 88 percent did not start with a unique or proprietary product or idea. “[They] typically imitated someone else’s ideas that they often encountered in the course of a previous job,” Bhide says. (more…)
One of the biggest problems I had when I started my business was that there were so many opportunities and so little time. I would see what others were doing and suddenly wonder, “Hey, maybe I should be learning that, too.” (more…)
“Anything that changes your values changes your behavior.” – George Sheehan
Our theme this month at Smart Women’s Empowerment is all about GOALS, so I feel it is important to discuss the relationship between goals and values. While goals are simply WHAT you want, values are WHY they are important. Ho hum, you may say, but if your goals are not aligned with your values, you might as well throw them out the window. Let me explain why.
I strongly believe that our values are formed during our early childhood experiences. My father died when I was just six, and as a result, I moved around to lots of different schools. My mother married a monster, and I experienced nine years of pain. So, you can understand my aversion to pain and hurt. (more…)
“Molly’s Game” (2017). Cast: Jessica Chastain, Idris Elba, Kevin Costner, Michael Cera, Jeremy Strong, Chris O’Dowd, J.C. MacKenzie, Brian d’Arcy James, Bill Camp, Graham Greene, Claire Rankin, Samantha Isler, Piper Howell. Director: Aaron Sorkin. Screenplay: Aaron Sorkin. Book: Molly Bloom, Molly’s Game: From Hollywood’s Elite to Wall Street’s Billionaire Boys Club, My High-Stakes Adventure in the World of Underground Poker. Web site. Trailer.
The motivations that drive our actions are usually clear, but sometimes they may stubbornly elude us, so much so that, after a while, we might not wonder (or even care) what they are. This often happens when we get caught up in circumstances in which we lose sight of how we got there and don’t know how to extricate ourselves. And, by then, we may find ourselves on a treadmill from which there is no apparent escape. So it was for an Olympic hopeful whose career came to an abrupt end, forcing her to change directions and embark on a journey she never expected, as detailed in the new, fact-based drama, “Molly’s Game.” (more…)
If I had to point out one major difference between educated people who make ordinary incomes and those who make big incomes, I would say that the latter, the super-successful, are much, much better at looking out for their self-interests. (more…)
The busy life of an entrepreneur doesn’t leave much time for reading all of the valuable information shared on the Internet; so I don’t always get to read Seth Godin’s daily words of wisdom.
(How he comes up with something new to share every day continually awes me.)
But I must confess that I thought that he left something really important out of his recent post on The four elements of entrepreneurship. (more…)