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  • Blog (Page 4)

All Risk Isn’t Risky

Posted on January 26, 2021 by Kevin D. Johnson in Bill Gates, Calculated Risk, College, Failure, Harvard University, Kauffman Foundation, Microsoft, Risk, Saratoga Venture Finance, The Great Recession, Warren Buffet

Risk comes from not knowing what you are doing. —Warren Buffett, businessman, investor, philanthropist. Among the several definitions of an “entrepreneur,” some are pretty good while others are downright terrible. Regardless, a common word among them seems to be “risk,” which is what truly defines an entrepreneur. The following simple definition by Merriam-Webster is one […]

View Post 401(k), Bill Gates, Calculated Risk, College, Failure, Harvard University, Kauffman Foundation, Michael Masterson, Microsoft, Risk, Saratoga Venture Finance, The Great Recession, The Reluctant Entrepreneur, Warren Buffet

Turn Your Lack of Knowledge into Billions

Posted on January 25, 2021 by Kevin D. Johnson in Bill Gates, Billionaires, CheckFree, College, Courage, Forbes, Forbes 400, George Soros, Jeff Bezos, Kevin Plank, Larry Ellison, Mark Zuckerberg, Pete Kight, Preparation, Sales, Sara Blakely, Software, Strategy, Success, Technology

To succeed in life, you need two things: ignorance and confidence. —Mark Twain, author, humorist. Pete Kight has a success story that is simply amazing. The company he founded, CheckFree, was acquired in 2007 by Fiserve for approximately $4.4 billion in cash. In many ways, his story sounds like other millionaire success stories that include […]

View Post Bill Gates, CheckFree, College, Courage, Fiserve, Forbes, Forbes 400, George Soros, Jeff Bezos, Kevin Plank, Ohio, Pete Kight, Sara Blakely, Software, Spanx, Under Armour, Warren Buffet

You Are Odd, and It’s OK

Posted on January 24, 2021 by Kevin D. Johnson in Billionaires, Calculated Risk, Courage, Creativity, Fear, Mark Zuckerberg, Millionaires, Misconceptions, People, Productivity, Serial Entrepreneurship, Skills, Software Development, Steve Jobs, Success, Talent

Eventually, the nerds and the geeks will have their day. —Judd Apatow, film producer, comedy writer Chances are that when you think of the most successful and wealthy entrepreneurs, you don’t think of a group of weird people. Instead, you probably think of well-respected and brilliant people who exhibit all the admirable qualities of well-rounded, […]

View Post Cass Business School, Cisco, dyslexia, Geeks, John Chambers, Judd Apatow, Julie Login, Kinkos, Mark Zuckerberg, Nerds, Paul Orfalea, Richard Branson, Steve Jobs, The Economist, Virgin Group

The Business Plan Is Overrated

Posted on January 23, 2021 by Kevin D. Johnson in Business Plan, Competitive Landscape, Strategy

No business plan survives first contact with a customer. —Steve Blank, Silicon Valley–based retired serial entrepreneur. After conjuring up a brilliant business idea, I would immediately start writing a business plan. Like a skilled magician, I could make a marvelous business plan appear before your eyes in just a few days. It would be complete […]

View Post Arthur M. Blank, Babson College, Business Plan, Competitive Landscape, Customer Service, Entrepreneur Magazine, Feasibility Study, Frankenplans, Prototype, Strategy

Use Different Banks to Minimize Risk

Posted on January 22, 2021 by Kevin D. Johnson in Banks, Calculated Risk, Credit Card Companies, Finance, Lawyer, Money, Personal Finance, Preparation, Risk, Strategy

I have always been afraid of banks. —Andrew Jackson, seventh president, United States of America. One of the worst things you can do as an entrepreneur is to open a business bank account at a bank where you have a personal bank account. Likewise, it is not a good idea to open a business credit […]

View Post American Express, Andrew Jackson, Banking, Business Credit, CapitalOne, Corporate Law, Credit, Credit Card, Credit Report, Debt Collection, Debt-to-Income Ratio, Discover, Finance, Loans, Overdraft Fees, Personal Finance, Right of Offset, Social Security Number, Tax Identification Number, Veil Piercing

There’s No Such Thing as a Cold Call

Posted on January 21, 2021 by Kevin D. Johnson in Angel Investor, Cold Calls, Creativity, Education, Making Deals, Negotiation, Preparation, Research, Sales, Skills, Strategy, Success

A winning effort begins with preparation. —Joe Gibbs, former NFL coach, race team owner At a recent entrepreneurship conference where there was a panel with angel investors, an audience member asked the following questions, “Do you take cold calls? And if you do, what should I, as a business owner seeking capital, say?” One of […]

View Post Capital Growth, Daymond John, Forge Intellectual Capital, Joe Gibbs, Timothy Reese, Valerie Gaydos

A Check in Hand Means Nothing

Posted on January 20, 2021 by Kevin D. Johnson in Banks, Calculated Risk, Education, Money, Personal Finance, Risk, Sales, Youth Entrepreneurship

Honesty is for the most part less profitable than dishonesty. —Plato, Greek philosopher If I had listened to my intuition, I could have saved myself some trouble. I would have heeded the many clues that the shoddy owners of the mom-and-pop business gave me. I would have run out of their dubious restaurant as fast […]

View Post Plato

How Your Family History Can Propel You to Entrepreneurial Success

Posted on January 19, 2021 by Kevin D. Johnson in Courage, Harvard University, Inspiration, Kauffman Foundation, Motivation, Oprah Winfrey

Inspiration comes from all different places. —Jeffrey Katzenberg, CEO, DreamWorks Animation. Oprah Winfrey is known for making guests on her show cry. However, this time, she was the one who would shed tears, overcome by the significance and serendipity of the moment. In 2007 I stumbled upon a television special titled Oprah’s Roots: An African […]

View Post Academy Award, Atlanta, Baltimore, Berklee College of Music, Boston, Charlotte Phelan, Courage, Family, Georgia, Henry Louis Gates Jr., Herbie Hancock, Los Angeles, Maryland, Massachusetts, Oprah Winfrey, The Help, United States, Wynton Marsalis

How to Prevent Burnout and Increase Productivity

Posted on January 18, 2021 by Kevin D. Johnson in Bill Gates, Competition, Competitive Advantage, Competitive Landscape, Facebook, Fear, Inspiration, Management, Mark Zuckerberg, Microsoft, Preparation, Productivity, Steve Jobs, Strategy, Teamwork

Two heads are better than one. —John Heywood, English playwright. One of my favorite events in the Summer Olympic Games is the 4×100 meter relay. In this event, a team runs 400 meters total, once around a regulation athletics track, with four teammates running 100 meters each. Currently, Jamaica holds the world record time of […]

View Post Bill Gates, Eduardo Saverin, Fear, Google, Greed, Jamaica, Larry Page, Mark Zuckerberg, Michael Johnson, Olympic Games, Olympics, OmniPublisher, Paul Allen, Pride, Sergey Brin, Steve Jobs, Steve Wozniak, Track & Field, Usain Bolt, World Record, Yohan Blake

Tell Everyone about Your Business

Posted on January 17, 2021 by Kevin D. Johnson in Courage, Creativity, Inspiration, Marketing, Mavericks, Mentor, Mentorship, Misconceptions, Motivation, Networking, Sales, Serial Entrepreneurship, Talent, Youth Entrepreneurship

Kids: they dance before they learn there is anything that isn’t music. —William Stafford, poet For the past two years, I have had the privilege of being an instructor for the Teenpreneur conference, a two-day program that has taught thousands of teens the vital concepts of entrepreneurship. Along with other instructors who are entrepreneurs, I […]

View Post Capri Investments Capital, Quintin E Primo III, Teenpreneur, William Stafford
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