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Showing posts with the label failures

Warren Buffett $100 Billion Colossal Mistake

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Warren Buffett, Chairman and CEO of Berkshire Hathaway, has inspired many investors and leaders alike over the last fifty plus years. Besides his investment acumen, I love his uncommon business sense, humility, humor, optimism and a healthy dose of candor. He isn't one to shy away from voicing his two cents and giving direct advice. I am always looking forward to reading his legendary annual letters and when I am too busy, I still end up reading the synopsis. Washington Post has provided a concise overview of the 2014 Buffett annual letter , which has so many key points on what makes great leaders . It's not often that a great leader accepts his mistakes openly and humbly in an open letter. In this fiftieth edition of the annual letter, this is exactly what Warren Buffett did. He goes at lengths about some of his biggest professional mistakes he ever made during his storied 50 years at Berkshire Hathaway. Bottom line: Admit your mistakes and stay humble Buffett ...

Larry Page Speaks his Mind at TED

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Google CEO Larry Page was on stage with Charlie Rose at a TED conference on March 19. Page shared key insights on many topics, his vision of the future, success and failures, NSA, self-driving cars, medical records, and much more. Here are some excerpts from his talk: " The main thing that has caused companies to fail , in my view, is that they missed the future " "We are still at the very early stages with search. Computers don't know where you are and what you are doing" " When we bought Android, it was small and I felt guilty working on it, but it was smart, it was the future " “ He (Elon Musk) wants to go to Mars... That’s a worthy goal. We have a lot of employees at Google who’ve become pretty wealthy. You’re working because you want to change the world and make it better; if the company you work for is worthy of your time, why not your money as well? We just don’t think about that. I’d like for us to help out more than we are. ” " Wouldn...

Why Collaboration is Mandatory for Startup Entrepreneurs

Startup Entrepreneurs work extremely hard to make amazing products and services. Many times, they are so deadly focused on creating that great product that they forget about the power of collaboration that can expand their market, grow their brand, open new doors, attract new customers, recruit new employees, find investors and much more. Collaboration isn't just essential to Startup Success, it's mandatory. Without the right partners, many startups stall and their growth flounders. How do you find the right strategic partners who can help accelerate your startup growth? 1. Change your Thinking. You cannot do it alone. It's OK to ask for help. Asking for help or support is not a sign of weakness. It shows you are passionate about your business. It shows you care. It shows you want to get to the next level. 2. Create a List. Your collaborators are everywhere. You just need to fnd them. Create a list of  potential partners and collaborators who belong to local SBDC, Score, SB...

Why is entrepreneurship so hard?

Why is entrepreneurship so hard?  1. It starts with the word itself: It's a really long word to speak and spell. Try it without a spell checker. 2. There are no rules to becoming a successful entrepreneur - who do you really learn from? 3. We hear stories from the really successful entrepreneurs - we begin to think it's easy. 4. Most entrepreneurs fail - since our society doesn't celebrate failures, often we don't learn from these. 5. It requires a lot of things to hit that home run: plan, idea, money, 24/7 work, frugality, time, execution, people, passion, perseverance, timing, marketing, technology, mentor, health, balance, fun and focus. I wish all startup founders and entrepreneurs lots of success in 2014! Rock the boat entrepreneurs!! Connect with me on oGoing