Below is an exerpt from my book “Billionaire in Training.” This is a sample of the teachings that I gave at Prairie Meadows on Wednesday, October 24.
So often I meet people who think they’re in business for themselves, and yet by my definition, they’re not. Let me explain. read more
Information: At this first stage being information the entrepreneur needs education in his choice area or interest. “Education” is a broad term that can have many meanings, but it is generally defined as the process of learning and acquiring information.
Entrepreneurship is a system of being self-employ with no breakdown as being condition with the problem, situation or challenges of unemployment in a given system. An entrepreneur is an agent of change.
After my wife passed away, there were five of us left sharing our family home: me, my two sons and a pair of dogs who had come to believe that they were in charge of the house.
In the two years that have gone by, life has assumed a new normal. And in that time, we’ve had the growing realization that our home of 17 years isn’t right for us anymore. It isn’t that the house is a little tattered around the edges — who among us isn’t? It’s the inescapable fact that it is simply too big, far more home than we need.
Value is the final prize of a business transformation, but it’s not easy to achieve. In fact, a third (34%) of CEOs at U.S.-based multinationals state that past transformation programs have failed to achieve the business benefits targeted at the onset. While there are many reasons why programs can fail to attain their business objectives, “Business Transformation: Driving the Optimum Value,” a new report from KPMG and Forbes Insights, reveals the following four principles for achieving truly successful transformation.
Whether you work for a small business or a major corporation, following ethical principles matters.
The most recent lesson on the importance of business ethics came with the Wall Street collapse, as once highly esteemed financial institutions made headlines for their bad choices and questionable behavior.
While businesses have to meet economic expectations, they also have ethical responsibilities. Everyone, from the bottom to the top of the organizational chart, must take care to meet these responsibilities.
A colleague on LinkedIn just referred me to a recent post about a 1993 WSJ article by Peter Drucker. Intrigued, I went back to the original article, Peter Drucker on Management: The Five Deadly Business Sins and found the advice relevant, fresh, and wonderfully counter to much of what passes for business wisdom these days. Here are his five sins:
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Be honest with yourself: Why should customers and prospects care about what you have to say? Everywhere your customers look, they are being bombarded with sales messaging. Instead of contributing to the noise, be truly helpful. read more