Lessons From John Paul Dejoria: Doing Things The Things Unsuccessful People Won’t

Posted on July 30, 2007 - Filed Under Entrepreneurship, Profiles | 1 Comment

I was watching an interview with John Paul DeJoria and I thought that it had a lot of great advice for anyone in business. The most important quote from the entire interview was when John Paul said, “The trick to being successful is doing the things that unsuccessful people will not do.”

America’s Richest People

Posted on July 26, 2007 - Filed Under Business, Entrepreneurship | Leave a Comment

In order to be placed in the
United States’ richest 1% how much do you need to be worth?  The magic number is somewhere around $5 million.  Now, I want you to sit back in your chair and spend a moment thinking about what kind of people make up
America’s richest 1%.  Who are they?  What do […]

Cash is King: ways to watch your expenses

Posted on July 26, 2007 - Filed Under Business | Leave a Comment

I have done the books for dozens of new and old companies.  I am also an entrepreneur myself.  One of the tragic mistakes that I see too often is that over-ambitious entrepreneurs expand the infrastructure of their business before they need to.  For example, I knew an entrepreneur who decided that he would buy a […]

Avoiding the “Low Cost Trap”

Posted on July 23, 2007 - Filed Under Business | Leave a Comment

One of the biggest mistakes that people make when they begin thinking of how to market their product is that they have to have rock bottom prices to be competitive.  That is true under some circumstances, but it is never your only marketing option.  There are few situations where competing on price is your best […]

Market Based Entrepreneurship

Posted on July 23, 2007 - Filed Under Business | Leave a Comment

People think of great business ideas every day.  From time to time I get asked by various friends and family members to evaluate the merits of a several businesses.  Some of these business ideas are great, and some are not.  But before I even consider the merits of the idea, the very first question that […]