These different factors what separates a lifestyle entrepreneur from a venture-backable entrepreneur.
The highest rate of entrepreneurial growth over the last few years is not Gen-Y upstarts, but Boomers over the age of 50, now called encore entrepreneurs.
Some investors seem to focus wholly on the strengths of the management team, or a sustainable competitive advantage, and in reality, these are the core attributes of every funding equation. While these may be necessary for funding, they may not be sufficient to make your startup the great success embodied in your vision. In the […]
Most people think that being the best requires more intelligence, more training, and more experience. In reality, in business or even in sports, the evidence is conclusive that it is as much about how you think, as what you do.
Most of you aspiring entrepreneurs have no idea how dramatically your own role has to evolve as you develop a solution, start a business, and expect it to scale into a successful self-managed company. You may have a strong product development background, but typically have minimal experience in hiring and leading team members and groups, […]
I’m convinced that you can learn more from failure than success, so it pays to take these as lessons to improve your success odds before you start.
The requirements for success for entrepreneurs may indeed be not so much academic, but more a mindset of confidence, commitment, perseverance, and constant learning.
Starting and running a business is unpredictable, and has a high risk of failure. For people with a victim mentality, this fear of failure alone will almost certainly make it a self-fulfilling prophecy.
One of the biggest impediments to starting a new venture is the “terror barrier”. This is the imaginary barrier that always seems to appear at the critical point where we would step out ahead of peers or competitors, but fear causes us to stop short.
As a historian and sociologist, I therefore undertook and published the first academic study into the psychology of this wealth elite. The research consisted of conducting extensive interviews with 45 ultra-high-net-worth individuals.
“If you knew that you had only one more day to live, what are the things you would do?”