A perfect time to start a business

Amar BhidéI studied 100 founders of Inc. Magazine’s 1989 list of the 500 fastest growing private companies in the U.S. Virtually all of them had started between 1981-83 in the midst of an awful recession.

But that didn’t prevent those founders from starting a new venture — in fact, in many ways it may have helped. Several had lost their jobs, so they weren’t risking steady employment — and they were able to hire employees who didn’t have great job prospects on the cheap. Landlords offered leases without asking too many questions about credit histories. Suppliers were willing to wait to be paid.


Amar Bhidé
Columbia Business School
“The Venturesome Economy.”
Why Bad Times Nurture New Inventions
NYTimes.com

Popularity: 2% [?]

Key Skills for Entrepreneurs

A study found remarkably high rates of dyslexia among entrepreneurs, as compared with corporate managers and the general population. What I found particularly interesting was the list of traits dyslexics develop that have them become entrepreneurs more often, have multiple companies, and an above average number of employees.

The dyslexic entrepreneurs reported as good or excellent at: Read the rest of this entry »

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Aim High …and be Prepared to Work

Henry David Thoreau

If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.

– Henry David Thoreau
Walden, Chapter 18




Creativity and genius are two different things. Ordinary talent growths from earth towards the sky. But genius lives in the sky and tries to reach the earth from there.

Kari Suomalainen

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The Thinker by Berton Braley

Back of the beating hammer
By which the steel is wrought,
Back of the workshop’s clamor
The seeker may find the Thought,
The Thought that is ever master
Of iron and steam and steel,
That rises above disaster
And tramples it under heel!

The drudge may fret and tinker
Or labor with lusty blows,
But back of him stands Read the rest of this entry »

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The “Vigorous Virtues” of Enterprise

…a revival of what Shirley Robin Letwin, the distinguished Anglo-American political theorist, called the “vigorous virtues” in her important study of Thatcherism. These are such qualities as:

that enable someone who exhibits them to live and work independently in society. Though they are not the only virtues—compassion might be called one of the “softer virtues”—they are essential to the success of a free economy and a civil society, both of which rely on dispersed initiative and self-reliant citizens.

John O’Sullivan, Executive Editor
Radio Free Europe/Radio Liberty
in a speech at Hillsdale College

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