business

Only 1000 hours to go

I was reading Outliers: The Story of Success by Malcolm Gladwell last weekend and was struck by a quote and its’ relation to the 90% Rule. Neurologist, Daniel Levitin, writes, “The emerging picture from such studies is that ten thousand hours of practice is required to achieve the level of mastery associated with being a world class expert — in anything”
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Entrepreneur 101

There are a few things that you can be sure of as an entrepreneur:

•   If you don’t believe in yourself and your ideas then
    you can be sure that nobody else will
•   If you don’t have passion for your business it won’t
    come from anyone else
•   If it was supposed to be easy, everybody would be
    doing it
•   The problems are there not to stop you from
    succeeding but to stop the others from going
    where you go
•   If there are but a few words to live by, let them be
    audacity, vision, belief and persistence
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Diamonds are Created Under Pressure

I have never had the opportunity to start or build a company with an excess of cash. My partners and I have always done it the old fashioned way … a bucket, a paddle and a couple of credit cards. It’s kind of like a recession everyday during the beginning years but it’s a great way to start because ingenuity and a fundamental understanding of your business can be far more productive assets than cash.
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