Category Archives: Uncategorized

How To Win When You Fail |

If you’re an entrepreneur, you will fail. I don’t mean your business is going to fail and you’ll go bankrupt. I mean that sometime, somewhere, to some degree, you will fall short. You will forget to follow through on a commitment to an employee, partner or customer. You’ll be late to a meeting. You’ll make a bad choice. You’ll exercise poor judgment. You will make a mistake.

How you react when you fail will say a lot about who you are as a person, and will be a critical factor in determining how successful you are in business in ways that go beyond financial.

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Weekly Economic Update | LADEC



8 Steps to Having Wildly Productive Mornings |

You’ll wake up for about 25,000 mornings in your adult life, give or take a few.Once I realized this, I started thinking about how I could develop a better morning routine. I still have a lot to learn, but here are some strategies that you can use to get the most out of your 25,000 mornings.Here are eight strategies that I’ve found to be most effective for getting the most out of my morning:

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Can You Guess Which Professions Have the Most Psychopaths? – iVillage

We’re all a teensy bit mad, but how many true psychopaths do we have among us? Apparently, more than you think.

Check it Out.

The 20 Most Popular Passwords Stolen From Adobe

The 20 Most Popular Passwords Stolen From Adobe.

Media Elites Are Creating Twitter Accounts for Their Babies | New York Magazine

Woman with baby and laptop in bedHarper Estelle Wolfeld-Gosk has 6,282 Twitter followers. She’s 2 weeks old. The daughter of Today show correspondent Jenna Wolfe (58,610 followers) and NBC News correspondent Stephanie Gosk (12,356 followers), Harper was registered for an account at birth by her moms to “give her a little voice in the loud world of social media,” said Jenna. “Didn’t know if anyone would follow her tweets, but I figured she’d have at least two loyal followers — her mother and me. Turns out, she’s pretty funny. Guess it was all that amniotic fluid.” The tweets are written in the infant’s voice: “First doc appt tdy. Big success,” reads the second one. “Pooped AND pee’d on Dr’s changing table. Everyone laughed. Will have to try that again tmrw at home.”

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Dr. Richard Sudek Interview | Peter Mehit

Below is the transcript of the full interview I conducted with Dr. Richard Sudek, Director of Chapman University’s Leatherby Center for Entrepreneurship and Business Ethics. The center is nationally recognized as a leader in the field and Chapman has produced a number of notable entrepreneurs, including our client, Frank Delgadillo, creator of the Ambiguous and Comune action wear lines.

Excerpts from this interview appeared in Impact (formerly Caypen) magazine in both their online and print editions.

Q: Can you give us some background on the Leatherby Center and what you do here?

Sudek: I’m the Director of the Leatherby Center for Entrepreneurship and Business Ethics.

PM: What is your background?

Sudek: I had my own computer company, built starting with $250 and sold it, so I’m not your typical academic. What I’m really trying to do is change the entrepreneurial ecosystem here in OrangeCounty. The entrepreneurial ecosystem is poorly connected from my perception. We’d like Chapman to be involved in helping connect it. We’d like Chapman to be the place where entrepreneurs, inventors and investors meet and collaborate.

Most of our energy is outward facing rather inward facing.

One of the things to point out is that Chapman one of the best kept secrets here in OrangeCounty. We’re a top 50 business school. We have a Nobel prize winner in economics. Our entrepreneurship program is ranked 13th by BusinessWeek. Because I wanted to cross connect the university, we built this thing called ESUN, Entrepreneur Student University Network. Originally it was designed to be small, so we started with the local schools; Cal Tech. USC, UCLA, Loyola, Pepperdyne, UCI, Fullerton and Claremont McKenna to try to cross connect our centers which we’re starting to do.

The thing that really launched this is we created this competition called California Dreaming. And we brought in other schools such as Oklahoma, BYU, Berkeley and Hawaii, etc and created a $100,000 business plan competition that we have in April. Next year it will be a $200,000. It’s going actually be two different competitions a business plan competition and fast pitch competition. Microsemi will be the anchor sponsor, as they were last year. The idea is to get students in front of investors, not just to win cash. I brought in VCs and angels from the bay area and local VCs and angels.

One of the teams, BYU, who won the competition, got some equity funding from this in late April. So that’s the idea is to get students connected to that.

PM: So you’re trying to build the hub for this kind of activity here?

Sudek: Yes. Now this reaches outward across different states so the idea is the help students in general although focused on Chapman, OrangeCounty, Southern California, going out from there.

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Fake It Until You Make It |

Do you ever feel like you don’t quite deserve your success or aren’t fully qualified to do what you do? That common feeling is what psychologists call the “impostor syndrome,” a phenomenon where successful people feel like frauds waiting for someone to realize that they’re unfit for their leadership roles.

“Millions of people, from entrepreneurs to celebrities, have a hard time internalizing their accomplishments,” says Valerie Young, an expert on impostor syndrome and, author of The Secret Thoughts of Successful Women (Crown Business, 2011).

Photo Credit: Shutterstock

Photo Credit: Shutterstock

The impostor syndrome is especially common among people who become successful quickly or early, and among outsiders, such as women in male-dominated industries. “They explain away their success as luck or timing,” Young says. “They feel this sense of waiting for the other shoe to drop.”

That fear is stressful, and often leads people to hold back instead of pushing for bigger clients or more challenging opportunities.

Most of the people who feel like impostors are actually exceptionally capable. It’s their self-image that’s off. “Feeling like an impostor is different than being an impostor,” Young says. “Feelings aren’t facts.”

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Weekly Economic Update | LAEDC



Weekly Economic Update | LAEDC

header-30thTHIS WEEk:

California’s Budget Position in March


How to Know If You’re Involved in The Petraeus Scandal | Andy Borowitz

WASHINGTON (The Borowitz Report)—In response to a high volume of panicked phone calls from the general public, the C.I.A. has published a new informational brochure entitled “How to Tell if You’re Involved in the Petraeus Scandal.”

The C.I.A. rushed to produce the brochure after it became clear that as many as one in three Americans may have some involvement in the Petraeus affair.

And with the scandal widening every day, “a lot of average folks out there are worried that they might somehow be involved in it without knowing,” says Carol Foyler, director of the C.I.A.’s public-information office. “This booklet should clear up a lot misunderstandings.”

The booklet includes a “simple, user-friendly checklist” that should help people determine whether they are at risk for being implicated in the scandal, she says.

“Have you ever met David Petraeus? Have you ever received and/or sent shirtless photos of an F.B.I. agent? Have you ever exchanged e-mails with Jill Kelley? Under five thousand pages of e-mails and you’re probably O.K., but anywhere between ten thousand and fifteen thousand pages of e-mails could potentially mean you’re involved in some way,” she says.

Defense Secretary Leon Panetta said today that he expected the Petraeus scandal to wind down by early 2015 but would not commit to an official timetable.

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BofA Says Libor Probe Draws U.S. Subpoenas on Submissions | Businessweek

Regulators have queried at least a dozen banks worldwide about their roles in setting Libor, the most widely used benchmark for interest rates, affecting more than $360 trillion in financial products. U.S. prosecutors are preparing to file charges later this year against traders from banks involved in a bid-rigging scheme to manipulate Libor, a person with knowledge of the case has said.

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Distracted Walking Injuries Quadruple — Mobile Devices to Blame? | TechCrunch

The number of citizens wandering into ditches, on-coming cars, and each other while staring at electronics has “quadrupled”, according to the Associated Press

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Soak Wealth, Not Income? | ZeroHedge

The only alternative is a wealth tax. Anyone who has a net worth over $5m (or $20m, or chose a number) has to pay 1% (or 2%) of that amount, every year. It would be like a death tax, except you paid it while you were alive. Think – pre-paid estate taxes.

Warren Buffett is always complaining that he doesn’t pay enough in taxes. The guy has a net worth of about $40b. If there was a 2% wealth tax he would have to cough up an extra $800m a year. That would shut him up quick; it would also solve all the fiscal problems.

Bill Gates would be forced to come up with an extra $1.2B. The Walton family would have to pony up $1.6B. And the good old Koch brothers would toss in a $1b.

If a 2% wealth tax was applied to everyone who had a net worth in excess of $5m it would add up to about $700B a year. That’s just about the right amount to get the budget to where it starts to make sense. This tax increase would not come out of current income, therefore the consequences to the economy would be muted versus a similar sized income tax increase.

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Doesn’t Obama have that same expression that Princess Liea had at the end of ‘Star Wars’? – Ed.

Gender Balance on Social Networking Sites |

Back in 2010 we calculated there were 74 million more women on social networks than men. We’ve had a fresh look at the data. In the age of Facebook, Pinterest and Instagram, do chicks still rule?

Read More-Do Chicks Rule?.