We cannot solve our problems with the same thinking we used when we created them. Albert Einstein Ever notice how social contagions infect society? You see it with social media all the time. People jump on trends and you see people saying or doing the same things over and over again. It happens mostly to … Read more
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Warren Buffet made his first million after 9 years of investing. If Warren Buffett wrote a book back then called how to make a million dollars in 9 years no one would read it. – The Road Less Stupid by Keith J. Cunningham Building wealth is boring. It’s not like running a business. In business … Read more
If you want to do a few small things right, do them yourself. If you want to do great things and make a big impact, learn to delegate. John C. Maxwell As entrepreneurs and solopreneurs, we want to do it all on our own. Many of us have the “if I want something done, I’ll … Read more
“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.” -Warren Buffett There is one thing you can do that … Read more
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Entrepreneurs believe that profit is what matters most in a new enterprise. But profit is secondary. Cashflow matters most. Peter Drucker Cashflow. It’s the most important thing to any business or investment. There are only five levers you can pull to increase cashflow. Many companies (and people for that matter) are asset-rich and cash poor. … Read more
Intelligent people make decisions based on opportunity costs. Charlie Munger The enemies of the beginner and the established entrepreneur are often the same. One such adversary is known as Shiny Object Syndrome. In essence, it means you are overwhelmed by opportunities – there’s always something new and enticing that you feel compelled to pursue. Although … Read more
It’s sad that we never get trained to leave assumptions behind. Sebastian Thrun Assuming things will work as you planned is a dangerous game. As entrepreneurs, we sometimes hold such strong assumptions that we lose our ability to see the holes in them. This happens because our previous personal experience is constantly chiming in and … Read more
A great attitude does much more than turn on the lights in our worlds; it seems to magically connect us to all sorts of serendipitous opportunities that were somehow absent before we changed. Earl Nightingale Your attitude can make or break your business. New entrepreneurs often sabotage their venture because they develop a bad attitude. … Read more