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Starting a Business

If you are ready to start a business, congratulations, you are on the road to one of the purest forms of American freedom. But you must know it will not be easy. It is fraught with challenges. But it will give you freedom, the freedom to determine how to structure your life. One of the basic issues you must sort out is how to organize your business. The main options are 1)…

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Say “No”

Are you struggling to get to that tipping point that will get you and your small business to that next level? Shane Parrish has an answer for you, and it's almost too simple. The difference between successful people and very successful people is that very successful people say 'no' to almost everything. Warren Buffett Parrish sites Jim Collins, author of Good to Great and Great by Choice, who suggests business owners imagine this scenario:…

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Experience and Wisdom – Priceless

We live in a truly amazing time. Almost anything you would like to do can be done with an app or software. Despite this, nothing so far replaces experience and wisdom. William A. Galston, in the Wall Street Journal, wrote about how in this new economy IT may have shrunk the number of advance cognitive skill jobs:  . . . the even more troubling hypothesis [is] that IT can replace an ever-widening…

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Learn to Say No

Focus on the essential and eliminate the rest. Greg McKeown discusses the concepts he learned when researching his new book, Essentialism: The Disciplined Pursuit of Less. Bonus British accent.

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Small Business Owner’s Creed

Originality is good, but ageless wisdom from old words cuts right to the soul. Worth reading again is this classic creed from Teddy Roosevelt, tailor-made for those brave enough to start their own business. It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually…

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Best Bet – Invest In Yourself

Andy Kessler, a former hedge-fund manager,  wrote in the Wall Street Journal today, Private Startups, Where Investor Dollars Often Go to Die, about how almost all investments in startups fail, because almost all start-ups fail. Just because you can invest [in startups] doesn't mean you should . . . Once you're allowed to invest in private startups, my advice is: don't. Success is much harder than you might think. Kessler's advice is more…

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The Middle Class is Not Dying – It’s Changing

Steven Pressfield has written a wonderful post about a yet unnoticed, but soon to be seismic shift in the American economy and sense of work and purpose. Maybe I’m delusional, but I think a sea-change is taking place right here, right now. I mean a good change. It’s below the radar. The government has nothing to do with it. The government doesn’t even know it’s going on. What is this change? It’s…

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So You Want To Start a Business

This is for those of you thinking about going out on your own - whether to start a business or to become a freelance independent contractor. There is a no more noble endeavor. However, a few things to consider before you take the leap: 1. If the success of your business requires you to find investors. Consider another way. 2. If your new business will succeed only if you make a big…

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Scalability is Out – Purposely Small is In

This is the era of fragmentation, micro-markets, niche demographics. Twenty, even ten, years ago, tiny markets had to springboard to big markets or die. Today is different. A business that caters to a tiny niche market can survive, and even thrive, without lunging to a venture capitalist or an angel investor. Microbusinesses are an end to themselves. They don't have to, and in most cases, shouldn't try to grow bigger and scale.…

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Fail Your Way to Success

Delbert's creator, Scott Adams, is interviewed by the Wall Street Journal about his new book, How to Fail at Almost Everything and Still Win Big. [iframe id="http://live.wsj.com/public/page/embed-551BECFD_E8FC_4DE6_A1C1_5DE285F5D269.html" mode="normal" align="center"] His article in the WSJ, excerpted from the book is fantastic - one of best the perspectives on choosing your career and work that I've ever read. It is consistent with a point I make frequently, don't follow best practices, do what works…

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