What are the biggest mistakes new founders make when they start a business?

It’s incredibly easy to get involved in a business for the wrong reasons.

In John D. Rockefeller’s words:

“A friendship founded on business is better than a business founded on friendship.”

Over the years I’ve learned NOT to jump into business ventures with friends.

Handling business and friendship is very complex and very commonly people end up damaging their relationship AND the business.

Don’t mix friendships and business — achieving success demands very mature individuals, something many friends underestimate.

Comments

What problems will the next generation face?

This morning I interviewed a lady searching for a job opportunity. " We worked so hard, " she said with tears in her eyes. I listened to her carefully while trying to empathize with her frustration. " You wouldn’t believe how hard we worked to adapt to change, " she said, " but all our efforts were worthless." This lady that I was interviewing had worked for years at one of the local ToyscRUs. She witnessed how the once stable company had slowly gone bankrupt. This was a painful story of our changing economic environment. What problems will the next generation face? Dealing with unpredictable CHANGE will be the number one problem newer generations will face in the decades ahead. Sadly, we don’t know how to change, and even worse, we don’t LIKE to change.

Why do millennial have more student loan debt than any other generation?

The lost generation: Today’s children get prizes and awards merely for participating — this sends a DANGEROUS message to kids: “We’re all winners.” This mindset is repeated continuously at the end of each project, event, or season. As a result, kids grow up expecting awards and praise just for showing up — (by the way, this sounds like socialism.) This mindset leaves kids terribly unprepared for the harsh realities of capitalism. Capitalism is ruthless. It rewards only winners, not just anyone that shows up to ‘work.’ Today, these kids are being offered an irresistible deal: “Go to college, and don’t worry; you can pay the massive college tuition with credit, and whenever you find a job with your ‘valuable’ degree, you can pay it back later.” “I MUST participate!” So, here they go to “participate,” at a mediocre college, to study a mediocre (and outdated) degree, to finally, AGAIN, get a “participation reward,” called a degree... Now, here comes real life: There’

Motivated Q&A

Search This Blog