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	Wednesday, June 01, 2005

When Not Paying Enough Does not Pay   ( EntrepreViews) I have espoused that Entrepreneurship is about conserving money, and not spending lavishly.  On the other hand, you have to balance that whilst not known to be extravagant, you also don't gain the reputation of not giving great value -- to your customers, and to your employees.  Nothing kills motivation faster than your employees realization that you are an unappreciative boss. Here is a nice anecdote on the topic... A man takes his place in the theater, but his seat is too far from the stage. He whispers to the usher, "This is a mystery, and I have to watch a mystery close up. Get me a better seat, and I'll give you a handsome tip." The usher moves him into the second row, and the man hands the usher a quarter. Yep. 25 cents! The usher looks at the quarter in his hand, leans over and whispers, "The wife did it."   1:10:48 PM     comment []   trackback []

Entrepreneurship is more than Winning  ( EntrepreViews) I have been following the Entrepeneurial Mind blog by Dr. Jeffrey Cornwall.  In his most recent post, he noted that Donald Trump has launched an online university. He says that Entrepreneurship is more than winning the next deal, or accumulating lots of money, and I wholly agree.  For an entrepreneur, business can be a way of life we choose to live.  For me, it is about also my fulfillment, my family, and my legacy.  And certainly, things like ethics, morals and values matter. Trump epitomizes the entrepreneur who would recommend driving in the freeway touting the speed limit, and going 100 miles per hour if you can get away with it.   He can get away from recklessness because most of us choose to drive carefully.  If everybody of us choose to drive 100 mph, we will all soon be in trouble. For me, I am content to cruise the highway at a reasonable speed, and enjoying the scenery that I passed by, enjoying the chitchats with fellow passengers, and listening to nice music instead of putting all my senses to arriving the destination at record speed, and which a slight distraction can wreak havoc.   12:43:01 PM     comment []   trackback []