Be Nonconformist
January 13, 2013 2 Comments
“No one can possibly achieve any real and lasting success or “get rich” in business by being a conformist.”-J.Paul Getty
Learning From Sir Richard Branson
August 9, 2012 16 Comments
Here is what Sir Richard has to say:
1. On big companies vs. small companies
“Small is beautiful.” Sir Richard doesn’t see size as a competitive advantage.
His Virgin Records label is not the biggest in the music industry, but in 1992 it attracted the Rolling Stones. Virgin Airlines has a mere 37 airplanes versus the 700+ maintained by its competitors. It’s better to spin off a company into a second smaller company (as Virgin Atlantic spun off Virgin America) than grow larger, Sir Richard believes, because smaller companies can stay both more nimble and more customer-focused. They can also maintain the style and “cheekiness” of their early trailblazing if they stay relatively compact. Read more of this post
Use Envy To Get You Going!
August 1, 2012 5 Comments
In Buddhism, the term irshya is commonly translated as either envy or jealousy. Irshya is defined as a state of mind in which one is highly agitated to obtain wealth and honor for oneself, but unable to bear the excellence of others.The term mudita (sympathetic joy) is defined as taking joy in the good fortune of others. This virtue is considered the antidote to envy.
Moreover, psychologists (van den Ven et al., 2009) have recently suggested that there may be two types of envy: malicious envy and benign envy – benign envy being proposed as a type of positive motivational force.Do read the article here http://www.spring.org.uk/2011/05/why-envy-motivates-us.php and note the following:
We tend to feel malicious envy towards another person if we think their success is undeserved. This is the type that makes us want to strike out at the other person and bring them down a peg or two. However when another’s success feels deserved to us, we tend to feel a benign envy: one that isn’t destructive but instead motivates.
…people who felt they had little control over their ability to improve resorted to admiration. On the other hand, those who thought they could improve experienced benign envy and were motivated to work harder. It’s the feeling of control that motivates.
Benign envy encouraged people to perform better on measures of intelligence and creativity, when compared with both admiration and malicious envy.
Chinese Proverbs For Entrepreneurs
July 29, 2012 9 Comments
1. “In every crisis, there is opportunity.”
Most entrepreneurial ventures arise from a solving a problem. If you are faced with a problem, craft a solution and sell that solution to others.
2. “Sow a thought, reap an action; sow an action, reap a habit; sow a habit, reap a character; sow a character, reap a destiny.”
Entrepreneurship starts with an idea and ends with a destiny. You craft your destiny with your actions, habits and character. You make your destiny, it doesn’t make you.
3. “The best time to plant a tree was 20 years ago. The second best time is now.”
Aside from 20 years ago, there is no better time to start a business than today.
4. “If you want one year of prosperity, grow grain. If you want ten years of prosperity, grow trees. If you want one hundred years of prosperity, grow people.”
The goal of every entrepreneur should be to start a business and find capable people to run the business so that they don’t have to. Read more of this post
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