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Sound Bites and Other Food for Entrepreneurial Thought

In: Creating Entrepreneurs Making Miracles Happen

Author

Listed:
  • Elissa B. Grossman

    (http://entrepreneurship.lmu.edu Loyola Marymount University, One LMU Drive, Los Angeles, CA 90045, USA)

Abstract

The following section are included:INTRODUCTIONReinventing the wheel is not always the best way to goWhat you're teaching and what a student learns are not necessarily the same thingYou can't launch a business on passion aloneIt's not the money! It's the F#&%ing moneyWhen you learn from others' successes, you also learn from their mistakesHARD WORKFor some entrepreneurs, an 80-hour week is a slow weekLaunching a business takes emotional and intestinal fortitudeEntrepreneurship requires patiencePrediction is very difficult, especially about the futurePLANNINGAnticipate the unexpectedDon't only plan for the bad times, plan for the good times as wellOne size does not fit allA good business is only as strong as its foundationMONEYFear of numbers is no excuseMind your own businessDon't bank on expressions of interest. The only real money is banked moneyCash rulesDon't be greedyPEOPLENo successful entrepreneur is an islandCompromise isn't a four-letter word (except where integrity is involved)Fear of others can prevent success through othersFind something to exchange, even when you have nothingYou don't need the dream team to start a dream businessREWARDS

Suggested Citation

  • Elissa B. Grossman, 2009. "Sound Bites and Other Food for Entrepreneurial Thought," World Scientific Book Chapters, in: Fred Kiesner (ed.), Creating Entrepreneurs Making Miracles Happen, chapter 28, pages 511-530, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814261128_0028
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