entrepreneurship

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 Richard Branson on business, entrepreneurship, money, passion, and purpose

What was the first business idea you came up with?

I set up this magazine called Student when I was 16, and I didn't do it to make money - I did it because I wanted to edit a magazine. There wasn't a national magazine run by students, for students. I didn't like the way I was being taught at school. I didn't like what was going on in the world, and I wanted to put it right.

Of course, a lot of businesses want to reach students, so I funded the magazine by selling advertising. I sold something like $8,000 worth of advertising for the first edition, and that was in 1966. I printed up 50,000 copies, and I didn't even have to charge for them on the newsstand because my costs were already covered.

So I became a publisher by mistake - well, not quite by mistake, because I wanted to be an editor but I had to make sure the magazine would survive. The point is this: Most businesses fail, so if you're going to succeed, it has to be about more than making money.

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 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, 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 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 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

Syndicate content