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…)
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…)
This post follows an intensive mentoring session with Zappos CEO Tony Hsieh and Jenn Lim, CEO Delivering Happiness where I learned how Zappos grew from a tiny retail start-up to the industry leader it is today and what advice they would give new (and current) entrepreneurs. These seasoned (and successful) business minds shared with me ten vital, hard-won lessons that they credit for Zappos’ success. (more…)
How many “best friends” do you have? Social scientists say most people count just four friends with whom they can discuss very important matters, but the maximum possible number of such friends is around six. With rare exceptions, it’s just not practical for anyone to maintain close, truly meaningful relationships with more than six people. (more…)