As an occasional golfer, I don’t have any expectation that I will hit a hole-in-one from the tee box. I expect to take several shots, each one taking into account many aspects including distance, slope, angles and more, with each stroke getting closer to the hole. I have learned that if my only goal is […]
Start-Ups Look For a Hole-In-One Read More »
With a large number of Americans either out of work or under-employed, many individuals have resorted to starting small home-based service businesses. It should be noted that a business is an entity unto itself. While it may have only one owner, as is the case with an entity that is sole-proprietor, a business should live
The process of gaining a true understanding of anything can be visualized as a continuum. When dealing with business situations, it is important that when you collect and organize what you think you know, you use the understanding continuum to challenge your thinking and give relative weight to each element. How can you apply the
The Hierarchy of Understanding Read More »
Humans have difficulty recognizing and reacting to experiences that are new to them. This mental state is called our “Normalcy Bias”.
Do You Suffer From a Normalcy Bias? Read More »
Want to get a quick answer to see if you have what it takes to be an entrepreneur? Take the following simple one question entrepreneurial test.
Take a Simple Entrepreneurial Test Read More »
Adam Smith wrote in his book The Wealth of Nations: “The value which the workmen add to the materials, therefore, resolves itself in this case into two parts, of which the one pays their wages, the other the profits of the employer upon the whole stock of materials and wages which he advanced.” As
You Should Be Getting Paid Twice Read More »
In the early 1900s you had a class of rough and tumble characters that hung out in saloons, and then you had the Anti-Saloon Organization (ASO) that felt that booze was tearing apart the fabric of society. In 1919 the ASO pushed their extreme position and the 18th amendment to the Constitution made the
Are You Forcing an Extreme Position? Read More »
Upon securing the beach, Cortez ordered his ships destroyed. This removed his army’s retreat option, forcing his men to conquer the enemy or die. Having nothing to lose awakens a cornered animal’s survival instinct. The history of successful businesses is full of “go for broke” examples. A study by the SBA into business success
Awaken Your Inner Animal Read More »
Often the entrepreneur states that a primary reason for starting a business is to make more money. As the old saying goes, “Money does not buy happiness.” One reason this is true is that the simple fact that you have money has not changed anything. It is what you do with the money that can
Making Money is Not Enough Read More »
Focus on what you want and not what you don’t want. Think positive thoughts, not negative ones. As a motorcyclist, it is common knowledge that you look at where you want to go and NOT at what you want to avoid. If you look at a pothole or an object in the road you don’t
Put the Power of Positive Thoughts to Work for You Read More »
