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I enjoy drama, action and suspense when I watch a movie to relax and let my mind and emotions wander. However, I don't find heroics and craziness entertaining or useful in business. In fact, my goal with entrepreneurs and business owners is to build a boring business based
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As work relentlessly gets democratized, it's hard for people to get formal training that was once consolidated within large industrial companies. The internet does continually grow with knowledge and content and this should suffice to educate everyone. But it's hard to make sense of all the
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The best laid plans will not work out. We don't live in Eden. We live in a world where there are good intentions, but life gets in the way. Things go wrong all the time. And for the entrepreneur, the person pioneering on the frontier of ideas and
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When you are not getting the results you want, is it better to try harder or diversify your options? While there are myriad circumstances, when the law of averages governs the game you are playing, more options, attempts and scenarios can be a strategic move. Instead of working hard on
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I have always said, "Good agreements make for great relationships. Bad agreements make for bad relationships." And having done many deals over many years, I can see where I have had a profitable and fun relationship when there are explicit expectations. And when there has been innuendo or
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In my past life as an engineer, I used to visit manufacturing facilities, tool shops and fabrication outfits for project work. These are places where efficiency, speed and output are the focal point. Human beings acted like machines in their work pushing dozens or thousands of parts and assemblies through
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It sure is easy to get distracted. No doubt you can zone out with so many entertainment venues that are accessible. But while you are snoozing, there are so many people that are committed to personal growth in their downtime that are getting ahead. Think about the reality of the
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Someone has to be the the winner. Someone has to be Facebook. Or Uber. Or Google. In our connected economy, we have a winner-take-all dynamic. It's easier to consolidate and see a clear winner arise from leveraging a business system. However, what we see and are aware of
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Take a look at the chart of some sample industries and the multipliers on asset value (business). If you can get net income or profit to $100K in a business like plumbing, you can sell the business for $450K. Every thousand of profit increases the sales price by 4.5x.
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Here's the paradox of a blind spot - you can't see it. It's a blind spot. What if you can't see that you are simply not good at something? You have put in enormous effort and time, but you are still blind.
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Everything you know right now probably won't be intact in a few years. There are too many changes and forces that are acting on your present version of reality. And the pace is only picking up. Simply look at people's LinkedIn and see how fast they
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Everyone is not Elon Musk or Larry Page. In fact, it's extremely rare to have such a quality of big thinking such as solving "billion-person problems" and sending humans to Mars. You have to have extreme vision and, at minimum, have your stuff together. If you