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Great Quote to Inspire

October 3, 2007

Our greatest fear is not that we are inadequate,but that we are powerful beyond measure.

It is our light, not our darkness, that frightens us.
We ask ourselves, Who am I to be brilliant,gorgeous, handsome, talented and fabulous?

Actually, who are you not to be?
You are a child of God.
Your playing small does not serve the world.

There is nothing enlightened about shrinking so that other people won’t feel insecure around you.
We were born to make manifest the glory of God within us.
It is not just in some; it is in everyone.

And, as we let our own light shine, we unconsciously give other people permission to do the same.

As we are liberated from our fear, our presence automatically liberates others.

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Why Startups Fail – Timing: Could The Cause of Our Entrepreneurial Success Also Be the Downfall?

September 19, 2007

Our society has become a very impressive collection of forward thinkers and entrepreneurs. Each day the news highlights an impressive array of creativity employed by entrepreneurs solving problems and leveraging new technologies. We are fortunate to live in a country that promotes entrepreneurism and greatly benefit from its numerous advantages.

Over time we have developed many supporting systems that allow new companies the ability to spring up literally overnight. An entrepreneur who has an idea today can go online and apply for a business license, reserve a URL, design a logo, develop a simple website and have their new website online by tomorrow. With a variety of plug-in tools, their site can have shopping cart capabilities and dozens of inbound links from supporting blogs, google ads, and partner sites driving traffic within 24 hours.

This is also true in the brick and mortar world, where companies can contract with product designers, negotiate with manufacturers, and partner with distribution channels in nearly the same time period. And any great idea can find funding from a variety of sources and close millions of dollars of funding in less time than it takes to complete a pregnancy or harvest a single crop.

However,  it requires a certain amount of time for new markets and new products to mature and to grow roots. Too often we have a million flowers that bloom, wilt, and die long before potential customers are even aware of their existence. (Of course, if we wait too long the world is buying flowers from our competitors as well.) Unfortunately, the time frame for return on investment and market/revenue growth is much shorter than the time it takes to entice new customers and build a solid company foundation. Our investment mentality is rapidly approaching our appetite for consumerism…”now, if not sooner.” New companies often move too quickly, peak too early and die on the vine have spent their money and depleted their resources and patience before they are able to generate significant traction.

Could the same entrepreneurial success and supporting infrastructure that created such rapid-growth ventures as Google, eBay, and Amazon also be responsible for limiting long-term nourishment. Could our focus on immediate implementation and rapid results be responsible for denying new business ventures the time and resources necessary to develop a significant root system to sustain long-term growth?

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Impact of Entrepreneur’s on Society

September 18, 2007

by Andrew Snow

Entrepreneur’s throughout the world have always inspired me. In looking at the overall picture of how entrepreneur’s interact with the world and the society we live in, it is interesting to note that to be a true entrepreneur it takes a great deal of risk and opportunities in all of their forms. I remember reading an article from the National Geographic regarding an entrepreneur in the war torn country of Sudan, in the Darfur region, who had created a way to help extract water out of the partched earth to save millions of homeless refugees fleeing from the violence.

People such as this example to very successful (vague term) entrepreneurs here in North America. In a previous blog, I had discussed whether or not Benjamin Franklin was the United States first true entrepreneur. One could argue against or for this, but when we look at his impact, and the imact of other entrepreneurs, on our modern society, it is not to hard to venture into the realm of that these individuals are the cream of the crop in our society.

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The Western History of Entrepreneurship in Ancient Greece.

September 6, 2007

by Andy Snow
The History of Business in any of its forms has always fascinated me. My undergraduate degree was in Ancient Eurasian History from Brigham Young University with a minor in Business Management. It is that it has been very interesting to study in the past and present. In one of my senior papers, I used several accounts how business, and specifically, entrepreneurship was implemented in their democratic society. We might not expect entrepreneurship to be much esteemed in a society whose philosophers held that the highest human characteristic as virtue, and that virtue could best be achieved by free men who did not have to labor for their daily bread. Indeed, in Athens city state during the 5th century, virtue was held in high regard. “…a sophisticated system of incentives for undertaking entrepreneurial activities and for using the wealth created thereof in a socially responsible way””. These all rested on four pillars pointed out by the reputable historian, Peter Connolly.

1), it recognized the positive impact of entrepreneurial activities for the autonomy and liberty of the citizens and the strength of the city.

2), entrepreneurial activities were encouraged only in so far as they were conducted within certain ethical, social and economic boundaries.

3), success from entrepreneurial activities was rewarded by the city with various honours if the accumulated wealth was spent in a socially responsible manner by granting loans free of interest and undertaking expensive “liturgies” public projects financed by a form of voluntary taxation on behalf of the public.

4), the policy provided specific socio-political incentives such as social advancement to citizens and metics [resident aliens] and/or liberation to slaves.

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Does the way only reach your goal?

September 6, 2007

by Tetsutaro Mameda

One of the characteristics of entrepreneur is always seeking opportunities. In Magdalena case, she did not have consistency. She worked in engineering, marketing etc. She took many different paths.

On August 23, we had guest speakers from Today’s Mama. They talked us their business plan. They changed the business plan five times in three years. Their first business plan was publishing the book. Then they adapted community web site to keep touching their customers which are mothers. They try to push forward themselves because someone passes them if they stay current place. It reminded me one fairy tale which about race between rabbit and turtle. The rabbit runs much faster than the turtle. However, the turtle won at the end of the story because the rabbit takes a nap in the middle of race.

We should not stay one place in the business. We need to seek opportunities to reach a goal.

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Honesty in a Business

September 3, 2007

by Tetsutaro Mameda

On August 16, we had a guest speaker. During the talk, he showed us his criteria for hiring an employee. One of the criteria is honesty.

What do you think that honesty is important in a business?

I agree with him. Honesty is one of the most important characteristic in a business. Recently few well known companies in Japan had scandals which came from dishonesty. Fujiya, for example, which is famous sweets company, used of expired milk in cream puffs. Other example is livedoor case. Livedoor was quick growth IT Company. However, its 90% of revenue came from financial business. The management group committed a financial fraud. After that, Japanese stock marked went down. Dishonesty is the cause of the scandal. They caused huge negative impact to economics.

An entrepreneur needs to keep honesty in s/he mind when a company is growing bigger and bigger. A small injustice reads to a huge illegality.

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Henry David Thoreau

August 29, 2007

“I know of no more encouraging fact than the unquestionable ability of man to elevate his life by conscious endeavor.”