linkedin post 2013-01-23 19:41:41

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THE TRUMP DISEASE IS NOT KNOWING WHEN TO STOP. While "protect your downside" was memorable advice, not knowing when to stop was also a memorable lesson. ENTREPRENEURS, DECIDE ON A NUMBER, at which point you have satisfied your needs and wants. When you reach it, stop, and give back. This is not an eternal treadmill. View in LinkedIn
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linkedin post 2013-01-23 19:37:27

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THE INTEGRITY OF YOUR BUSINESS RELATIONSHIPS WILL MARK WHO YOU ARE. Your word is non-negotiable. Your intentionality must be clean and transparent. Your integrity about honoring debts and IOUs cannot be compromised. These are all the values of an entrepreneur with heart and mind who will be the Best Of Breed. Business is not a dirty game if you don't make it so, and steer clear from those who do. View in LinkedIn
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linkedin post 2013-01-23 19:29:56

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ENTREPRENEURS MUST TOLERATE THE UNKNOWN AND CHAOS far more than most business people, because they are at the fuzzy edge of "What If". It is a space that is intensely uncomfortable for most of us. It is both intellectually uncomfortable (can it be done?) and intensely personal (my family may be bankrupt if I fail). This is not for everybody. Think hard if you are cut out for it, and no shame of you are not. The worst thing is a bad fit. View in LinkedIn
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linkedin post 2013-01-23 19:16:53

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ENTREPRENEURS NEED MENTORS to help them prioritize, see the wood from the trees, think out of the box, open doors internationally,and help them keep a level head in the midst of adversity. YOUNG COMPANIES NEED BOARDS to give good governance and strategic advice, and keep an eye on deliverable timelines. View in LinkedIn
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linkedin post 2013-01-23 19:10:54

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SCALABILITY IS NOT THE ONLY GOAL FOR ENTREPRENEURS. Not all inventions need scale. This is an urban myth. A small team of one or two entrepreneurs can develop a new and improved version of an old drug and take it through Proof-Of-Concept, then license it to Big Pharma for say 200 M USD. The total capital needed was about 4-7 M USD. Then they move on to the next bright idea, and Big Pharma does the costly job of sales and marketing. This is not a rare story. View in LinkedIn
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linkedin post 2013-01-23 19:04:27

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DISRUPTIVE TECHNOLOGY IS DIFFERENT FROM INCREMENTAL TECHNOLOGY. In the purest sense, disruptive technologies are rare and massive, such as the motor, the airplane, radio, computers and others. incremental technologies make good things better, and are the most common form of innovation found in emerging companies. Both have a completely different, and legitimate, place in any entrepreneur's dreams. Find your calling and dream the new future. View in LinkedIn
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linkedin post 2013-01-23 11:16:15

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ENTREPRENEURS DO NOT ONLY HAVE TO BE DISRUPTIVE! A great example where innovation does not have to be "disruptive" but rather "incremental". Making good drugs better is highly valued by Big Pharma. There are many small specialty pharma companies working to improve existing drugs. http://lnkd.in/tQFaiU View in LinkedIn
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