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Showing posts with the label entrepreneur

Calculated Risks

"Swing for the fences and don't strike out" - Donny Deutsch Do you take risks or calculated ones? As new technology continually encourages brands to innovate, it's important to risks and stay ahead of the competition. Frequently, companies, brands, and organizations rush to implement new strategies and do not spend enough time calculating potential variables. Does the brand have enough: Experience? Capital? Leadership skills? Did the brand anticipate: Low sales? The competition's response? Unexpected growth? Does the brand have: The ideal location? Rushing into a new venture will create a response, but calculating the risks will help guarantee that the brand makes a splash.

Quirky Wins

What separates a successful idea from a disastrous flop? Is it the precise implementation of a business plan? Excellent leadership skills? A tactical team? Amble start up capital? Or the ability to execute a quirky idea? Tomorrow, Joan Rivers, the latest winner of Donald's Trump's The Celebrity Apprentice , debuts " How'd You Get So Rich? ," a reality show that introduces the public to the glamorous lifestyles of successful entrepreneurs. From Billy Bob Teeth to The Slanket , Rivers interviews several inventors behind quirky ideas that made millions. As the economic downturn encourages entrepreneurial innovation, what will be the flourishing ideas this year? Next year? And in five years? There are plenty of ways to make a dollar, but sometimes it is the most basic, innovative and quirky that win on a large scale. I am often reminded of Alex Tew who had age 21 launched milliondollarhomepage .com , a website with a million pixels of advertising space, each costin...