Gone: Customers, sales, profits. Following is a simple little tale about how it happens. “Jones was a characteristic entrepreneur who worked extended hours and wore many hats. “The problem was that all the hats screamed for attention. Jones solved the problem by wearing the hat that screamed the loudest. “Unfortunately, this was only a temporary [...]
In discussing entrepreneurship and writing articles on the subject, I have found that it aids understanding when we begin by agreeing on exactly what the word means to us. Entrepreneurship is the process of creating or seizing an opportunity, and pursuing it regardless of the resources currently controlled. The American Heritage Dictionary defines an entrepreneur [...]
Here is a real world example of arbitrage that I practiced many years ago, when I was starting out broke, dejected, but hopeful. It wasnt long ago but seems like centuries ago. Its pre-history now. One form of arbitrage is the concept of economies of scale. This arbitrage strategy relies on a single fact. An [...]
In the immortal words of Emmerson, “all I need is one idea” Overnight wealth has a certain stigma that “sensible” people seem to be resistant to. The idea of the get rich quick variety is an object of ridicule and derision in alot of peoples eyes. However, with a little focused action and the right [...]
In Napoleon Hill’s classic Think and Grow Rich, he tells a true story of a man named R. U. Darby and his uncle who were hit by the “gold fever” during the gold rush. After having their first car of ore shipped to a smelter, they discovered they had hit one of the richest bodies [...]
