entrepreneurship

A Quote by Richard Branson on business, entrepreneurship, passion, and purpose

Ideally, since 80 percent of your life is spent working, you should start your business around something that is a passion of yours. If you're into kite-surfing and you want to become an entrepreneur, do it with kite-surfing.

Look, if you can indulge in your passion, life will be far more interesting than if you're just working. You'll work harder at it, and you'll know more about it. But first you must go out and educate yourself on whatever it is that you've decided to do - know more about kite-surfing than anyone else. That's where the work comes in. But if you're doing things you're passionate about, that will come naturally.

Richard Branson

Source: Branson's Next Big Bet: http://money.cnn.com/magazines/business2/business2_archive/2006/08/01/8382250/

Contributed by: ~C4Chaos

A Quote by Stephen Shapiro on innovation, entrepreneurship, and success

Too often, we try to fit in with the crowd. We play it safe. But innovation is about taking risks while being true to you. This takes confidence. And it takes the belief that your “style” is what the world needs and wants. Yes, taking this risk may help you stand out. More importantly, it may be the ticket to your success.

Stephen Shapiro

Source: Be Outrageous, It’s the Only Place That’s Not Crowded: http://www.steveshapiro.com/2008/02/15/be-outrageous/

Contributed by: ~C4Chaos

A Quote by David Schmidt, Ph.D. on business, entrepreneurship, ethics, morality, and entrepreneurs

The spirit of entrepreneurship includes imagination, inventiveness and openness to the new. This spirit of creative response aligns with the capacity to exercise moral imagination and to see ethical problems in a new light. To be sure, our most fundamental ethical values -- values such as honesty, avoiding doing harm, keeping commitments -- are grounded in timeless traditions and are not likely to be soon abandoned. But it is in the application of these ethical values to emerging, unique situations, where moral imagination and the entrepreneurial spirit can make a decisive difference.

David Schmidt, Ph.D.

Source: The Moral Imagination of Entrepreneurs: http://www.inc.com/resources/leadership/articles/20080101/dschmidt.html

Contributed by: ~C4Chaos

A Quote by Ken Hendricks on business and entrepreneurship

What has been the most rewarding moment in your decades of entrepreneurship?

Our last annual managers meeting. I gave my motivational talk and then I asked, How many people here started as a forklift operator, a warehouse person, a roof loader, or a truck driver? We had 600 people and almost half of them stood up.

Ken Hendricks

Source: Inc: 10 questions for Ken Hendricks: http://www.inc.com/magazine/20061201/entrepreneur-questions.html

Contributed by: ~C4Chaos

A Quote by Ken Hendricks on business, customers, people, entrepreneurship, and leadership

If you were charged with fixing the U.S. auto industry, how would you do it?

The guys who run the auto companies are out of touch with their customers and their employees. They ride to work in their limousines. They go up in their elevators and lock themselves in their offices. They don't walk out into the plants. They wouldn't even drive in the neighborhoods where their employees live. They give themselves big bonuses when the company isn't making any money. I'd make them get involved with the people who are building the cars. They've got to become real people.

Ken Hendricks

Source: Inc: 10 questions for Ken Hendricks: http://www.inc.com/magazine/20061201/entrepreneur-questions.html

Contributed by: ~C4Chaos

A Quote by Tom Szaky on entrepreneurs, entrepreneurship, business, and success

If you are at all successful in your business, be prepared to never have another good day or bad day at work. There will be so many things -- good and bad -- happening on any given day that you will be on a roller coaster of highs and lows. If that excites you, then go for it.

Tom Szaky

Source: Learn From Experience Tom Szaky: http://www.terracycle.net/media/06-01-25_nj_entrepreneur/06-01-25_nj_entrepreneur.htm

Contributed by: ~C4Chaos

A Quote by Ken Hendricks on entrepreneurs, entrepreneurship, business, luck, serendipity, and skill

What is the most overrated skill for an entrepreneur?

The most overrated skill is skill. Luck is more important. The entrepreneur gets credit for being this genius, when really he was just at the right place at the right time.

Ken Hendricks

Source: Inc: 10 questions for Ken Hendricks: http://www.inc.com/magazine/20061201/entrepreneur-questions.html

Contributed by: ~C4Chaos

A Quote by Tom Szaky on entrepreneurs, entrepreneurship, and business

I've always learned on-the-job, in real time. A problem comes up; I research it, and try to solve it. You can't study to be an entrepreneur; you have to develop those skills day in day out.

All entrepreneurial experiences are related, whether you're selling worm poop to Wal-Mart or a grade tracking application to the public elementary school system. In the end, it's all very similar.

Tom Szaky

Source: Learn From Experience Tom Szaky: http://www.terracycle.net/media/06-01-25_nj_entrepreneur/06-01-25_nj_entrepreneur.htm

Contributed by: ~C4Chaos

A Quote by Tom Szaky on entrepreneurs, entrepreneurship, business, and decisions

Entrepreneurs don't really make mistakes, though. We just make decisions that seem right at the time, but which sometimes turn out to have been the wrong path to take. For example, we allowed a buyer to place a huge opening order and later had to take some product back. We didn't have our sell-through programs in place, so in hindsight, it would have been wiser to sell in less product at the outset. The scary thing is you are always making decisions without knowing the future. Should we invest in more machinery, or stay with more labor? Should we build a large inventory, or try to fill re-orders as they come in? In making these decisions, you're really betting on one outcome or another, as opposed to making mistaken decisions.

Tom Szaky

Source: Learn From Experience Tom Szaky: http://www.terracycle.net/media/06-01-25_nj_entrepreneur/06-01-25_nj_entrepreneur.htm

Contributed by: ~C4Chaos

A Quote by Elon Musk on investments, silicon valley, entrepreneurs, and entrepreneurship

It's OK to have your eggs in one basket as long as you control what happens to that basket. The problem with the Silicon Valley financing model is that you lose control after the first investment round.

Elon Musk

Source: Entrepreneur of the Year: Elon Musk: http://www.inc.com/magazine/20071201/entrepreneur-of-the-year-elon-musk.html

Contributed by: ~C4Chaos

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