‘Where Great Companies Find Lasting Success’

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Trust is the bedrock of innovation, because ideas can’t be forcibly pulled from people’s heads.’

Smart leaders think laterally. They love to learn from innovative thinkers in different industries.’

Smart companies build alliances with other smart companies. They’re known by the company they keep.’

‘Trust, more than pay or perks, is the secret to making a best-places-to-work list.’

Smart companies encourage people to talk about their mistakes and what they learned along the way.’

Teams, even in large companies, tend to perform best when they’re at their leanest- eight to twelve people.’

Teams, when small, can move faster. Team members will sacrifice for other team members at a smaller size, but not at a larger size.’

‘Trust is easily destroyed by executive hypocrisy.’

Taste is more than design. It’s a sensibility that appeals to the deepest part of ourselves.’

Taste need not be original. It often borrows from successful products and services of the past.’

Taste is not the result of random genius. It takes hard work, discipline, and patience.’

Taste signals the deep intelligence of a product or service. Most customers will pay more to feel smart.’

Source

Rich Karlgaard (2014). The Soft Edge: Where Great Companies Find Lasting Success

‘No-Nonsense Lessons On What It Takes To Build A Successful Business’

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‘What makes a good entrepreneur? Are they born or made?’

Entrepreneurs constantly question and challenge business scenarios and always look for a way to make things work better or introduce a new product or service.’

Not all entrepreneurs run their own businesses. Are you, or could you be, an entrepreneurial employee?’

‘The most important thing when planning your business should be the accuracy of your facts and statistics. Don’t let passion cloud your judgment.’

Understanding every aspect of your business is of paramount importance when talking to lenders and investors.’

Choosing the correct business structure from the outset will save you money and taxes and may protect you from legal issues down the road.’

If you don’t have enough seed money to begin the process of starting your own company, find a creative way to raise it.’

Be willing to invest your own money and assets in your business before asking lenders and investors to risk their money.’

Prepare a professional presentation when approaching potential investors.’

Never take for granted that your financial statements are correct. People make mistakes, so they can be wrong. Have someone you trust, a good financial person, look after your financials.’

Overconfidence in your product or service can be dangerous.’

Source

Tom Golisano (2020). Built, Not Born: A Self-Made Billionaire’s No-Nonsense Guide for Entrepreneurs