Wisdom

Failure in business is often not bad. It just means the world didn’t turn out how you expected. It is the inevitable risk in trying new ideas. The key question is why the failure occurred. Acceptable reasons include: Acts of God Changes in the market Changes in technology Changes in competition If failure happens through…

… according to Robert Driscoll. Here’s how.

People tend to live life by deferring enjoyment, or structuring life so that they can enjoy every day. Entrepreneurs owe it to themselves to enjoy every day. The Deferred Life plan The dominant story about success is that someone works hard and then earns the right to enjoy what is left of their life. This…

Drive and passion are not the same thing, but they are often confused by those who have not truly considered whether they are living deferred life versus whole life Life Plans. Drive Drive is a commitment that pushes you towards something you are compelled or obliged to deliver. Eric Berne identified five typical drivers which could…

If you EVER have to get to the stage of using a lawyer to enforce a contract, you are probably screwed already. You will spend so much time and energy and money that the only person who will benefit is the lawyer. contracts aren’t worth the paper they are printed on That’s especially true for…

New business ideas tend to fall into two camps. It helps for a team to be clear which kind of business they are trying to drive as they need different kinds of leadership and management. Brave New World ideas are radically new and need to create their own market. There are no incumbent competitors, no…