I'm an entrepreneur. 'Ambitious' is my middle name.
Most venture capitalists won't read a business plan unless the entrepreneur is introduced to them by a contact.
I unabashedly, unashamedly, unequivocally support the explosion of entrepreneurs in the capitalist system.
Anyone who wants to be an entrepreneur like someone else is actually looking in the wrong direction. You don't look out for inspiration, you look in. You have to ask yourself how can I be better today, at solving the problem I am trying to solve for my company. I wouldn't encourage anyone to be like me. Just be like you.
For me, the most entertaining evening would be to go sit with entrepreneurs and talk with them about how they're building their companies and how we can help to make them better. That's the one thing in the world - well, I love doing that.
I think every entrepreneur in Canada owes the next generation a road map of how to do it again.
I have met many entrepreneurs who have the passion and even the work ethic to succeed - but who are so obsessed with an idea that they don't see its obvious flaws. Think about that. If you can't even acknowledge your failures, how can you cut the rope and move on?
Once in a while, I see my fellow TV investors praise a business just because they like the entrepreneur behind it. That kind of thinking might make you feel warm and fuzzy inside - but let's get back to reality.
Entrepreneurs can't forecast accurately, because they are trying something fundamentally new. So they will often be laughably behind plan - and on the brink of success.
As an entrepreneur, I knew that if my company failed, I could always try again. So I often felt that the only real risk of true financial ruin came from the possibility of a serious illness that either exceeded my insurance plans lifetime limits, or was not covered due to rescission.
If your goal is to make money, becoming an entrepreneur is a sucker's bet. Sure, some entrepreneurs make a lot of money, but if you calculate the amount of stress-inducing work and time it takes and multiply that by the low likelihood of success and eventual payoff, it is not a great way to get rich.
Most start-up companies fail and it is smart public policy to help entrepreneurs increase their odds of succeeding. But, the biggest loss to our economy is not all the start-ups that didn't make it: It's the ones that might have been created but weren't.
The attributes for entrepreneurs cut both ways. You need the ability to ignore inconvenient facts and see the world as it should be and not as it is. This inspires people to take huge leaps of faith. But this blindness to facts can be a liability, too. The characteristics that help entrepreneurs succeed can also lead to their failure.
The United States is locked in a new arms race for that most precious resource - the future entrepreneurs upon whom economic growth depends. Substantial research shows that immigrants play a key role in American job creation.
There is much that public policy can do to support American entrepreneurs. Health insurance reform will make it easier for entrepreneurs to take a chance on a new business without putting their family's health at risk. Tort reform will make it easier to take prudent risks on new products in a number of sectors.
Mitt Romney will stop the attacks on job creators, encourage entrepreneurs to chase their dreams, and bring good jobs and a better future to all Americans.
Free enterprise empowers entrepreneurs who have ideas and imagination, investors who take risks, and workers who hone their skills and offer their labor.
I don't have any problem with government helping entrepreneurs and businesses.
I think that if there's some innovative entrepreneurs out there who can help teach people how they can cost-effectively help themselves and their planet, I think everybody would be for it. That's going to be the challenge - figuring a way to get the marketplace and commerce to teach us consumers another way.
I think if you're an entrepreneur, you've got to dream big - and then dream bigger.
Nothing ventured, nothing gained. And venture belongs to the adventurous.
I think that diversity is key for the next American entrepreneurs. They want to be a part of this society where there is so much diversity they have to have people from all the experiences.
Entrepreneurs must be practical experts. They needn't set out to be subject matter experts in what they do; they must set out to solve a problem or pursue some cause or purpose greater than themselves.
Entrepreneurs see the thing they want or need, then try to figure out a process of how to get it. People who shouldn't be entrepreneurs see the standard process they need to go through to get the thing they want or need then decide if they want to go through that process.
Making loans and fighting poverty are normally two of the least glamorous pursuits around, but put the two together and you have an economic innovation that has become not just popular but downright chic. The innovation - microfinance - involves making small loans to poor entrepreneurs, usually in developing countries.
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