Do You Know What You’re Failing At?

Before you can own your failure, you first have to know what you’re failing at. True knowledge is a start, not an end. It is a question, not an answer. When Walmart’s Sam Walton or Home Depot’s Bernie Marcus sought meaningful and productive knowledge, they did not attend a seminar, assemble a committee, convene a […]

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Innovation Builds on the Past

For a solid example of true innovation, we can do no better than to turn to the most prolific innovator in American history, Thomas Alva Edison, who was awarded a record 1,093 U.S. patents, including patents for electric lighting and the phonograph. As creative as he was, Edison readily admitted to making mistakes, but he […]

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How to Deal with Anger in Business

No matter what you or I have been told, business isn’t just business. Business can be just as personal as other aspects of our life. This is especially true for entrepreneurs, whose entire livelihood is dependent on their business succeeding. And when business is personal, things can get emotional. Inevitably, if you’re in business long […]

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The Reasonable Person Principle

In any group of people, whether it is family members, close friends, or business colleagues, misunderstandings and disagreements are sure to occur. Handling these situations can be very delicate, balancing so many people in such tight quarters. A good solution that contributes toward an open corporate culture is the Reasonable Person Principle. What is the […]

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Don’t Disown Your Failures

In 18 seasons with the NFL, I won more than I lost. But, like everyone else who plays professional football, I lost a lot. In far more years as an entrepreneur, I’ve achieved plenty of successes. Behind every one of them was a failure. Often more than one. Some of the failures were altogether mine, […]

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When You Have Something Nice to Say, Say It!

There I was, standing in aisle three of the grocery store, staring blankly at the endless selection of coffee. Suddenly, I was startled out of my stupor by the voice of a nearby clerk. “Sir, I really like your shirt,” the young man said. Startled by the unexpected compliment—especially since it pertained to my fashion […]

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Watch Out for Common Mistakes!

Nobody’s perfect. We all make mistakes. And when you’re running a business, there are so many things you’re responsible for, so many decisions you have to make every day, big and small. Watch out for some of the most common mistakes business owners make, including understaffing, a failure to delegate, and a lack of appreciation […]

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7 Signs That You Have an Ego Problem

According to a study published in the Harvard Business Review, 2 in 5 CEOs fail within their first 18 months of leading an organization. Even 1 in 3 chief executives from Fortune 500 companies don’t make it past three years. What’s going on? I believe many of these failures in leadership positions can be traced […]

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