Author, Investor, Speaker, Mentor
Fred Wilson has a good post up about why you should Always Treat Money Like It Is Your Own. Fred’s point is that using OPM (other people’s money) often has a corrosive effect on decision-making. As he writes: When you are writing a [personal] check every time you make an investment, it has a way … Continue reading Always Treat Money Like It Is Your Own (Part 2)
As recession mania spreads, lots of folks have weighed in with their recommendations. Sequoia says to hunker down and start firing people. Dave McClure says that when the going gets tough, the tough get going. All fine and dandy if you’re interested in reinforcing your natural optimism or pessimism. But all of these posts focus … Continue reading Recession Winners And Losers
Fascinating post and video from TrueHoop’s Henry Abbott. Abbott is getting coached by the instructors at the IMG Academy, who coach many of the top basketball talents coming out of high school. During ballhandling drills, Abbott’s coach instructs him to dribble the ball hard, at an uncomfortable speed, and Abbott notes that all the times … Continue reading Practice Hard Enough To Make Mistakes
One of the most important of Yeh’s Laws of Entrepreneurship is simple but universal:Get someone else to do the work. I’m not advocating laziness in entrepreneurs–entrepreneurship is hard work. But you have to realize that hard work is insufficient. Even the most dedicated entrepreneur is hard-pressed to work more than 12 hours per day. That’s … Continue reading Entrepreneurship is about getting someone else to do the work
If you want to be an entrepreneur, one of the skills you must learn is how to deal with authority. On the one hand, if you listen to advice from authority figures, you’ll never become an entrepreneur. Too risky. Too much of a long shot. On the other hand, if you decide that none of … Continue reading
I often hear people advising young entrepreneurs to “work harder” or “work smarter.” While this is good advice, neither is the ultimate secret of business success. Working harder is a good starting point. There’s no question that all other things being equal, I’ll put my money on the harder worker. The problem is that many … Continue reading The Ultimate Secret of Business Success
My first set of questions and answers are now up on AskTheHarvardMBA.com. Here’s a quick preview: Should an aspiring entrepreneur take a part-time job? The danger in keeping your job, or taking a part-time job, is that you’ll end up neglecting your startup, but in my experience, an aspiring entrepreneur who can’t maintain his or … Continue reading 3 Questions, 3 Answers on AskTheHarvardMBA.com
Can’t get enough of your friends? Need a way to show off how popular you are? The enterprising Paul King has created myFriendShirt.com just for you. Now you can get your own T-shirt that shows the world just how many friends you have. Word to the wise–don’t print one up unless you have a healthy … Continue reading Social Networking on a T-shirt
One of the most important principles of marketing is persistence. Every marketer I’ve ever worked with has said that a target has to be exposed to your message at least six times before it sinks in.At first, I wasn’t certain if I believed them. After all, six times seems kind of arbitrary, and I never … Continue reading If at first you don’t persuade, try, try again (The Rule of Six)
“Working for someone else: Days are way too long.Working for myself: Days are way too short.”–Warren of Coyoteblog