10. Plan for Daylight | Peter Mehit
I was flying from Philadelphia to Dallas. It was an early Thursday morning flight and almost empty. I got a complimentary bump to first class and sat at the front bulkhead, half awake with a pile of papers in the empty seat next to me. The cabin PA crackled to life.
“We got a problem,” the captain said in that droll voice that we all make fun of. Then the plane went into the steepest dive I’ve ever experienced. “Everything’s going to be okay,” he added, I think as an afterthought.
But things were pretty far from okay. Oxygen masks dropped from the ceiling and then floated in the air, weightless. My papers were floating off the seat cushion and in that moment, I noticed that I was weightless too. It only lasted for about five, maybe ten seconds and it would have been the coolest thing ever, if it weren’t totally terrifying.
9. You Define Success
“The things you own end up owning you.” So said Tyler Durden as he opened a round of Fight Club in the cellar of Lou’s bar. That statement feels right because it is. We get attached to goals, to things, and we lose ourselves.
When you’re starting out, the excitement of doing carries you along. Each new success, each milestone achieved places you closer to where you believe you want to be. The late nights, panicked preparations for demos, the sweaty palmed waits in law office lobbies, they take a toll. You think you’ve rounded the corner to easy street, things fall apart. Just when your heart is about to shatter, you catch a break.
It’s exhausting and exhilarating, but it brings your team together. You become more than friends or teammates. You become stronger than family because you live through more intense experiences in one month than most families go through in a year. This bonding continues as you struggle with one mind to achieve a kind of birth. You believe that nothing will come between you and your partners after all you’ve been through.
You can’t be a successful entrepreneur if you’re afraid of being uncomfortable. Strange as that may sound, it’s a reality you’re going to have to face if you want to own and grow a business. Countless entrepreneurs, from Richard Branson to Mark Zuckerberg, have professed the importance of taking chances and pushing yourself past your “comfort zone,” but what does that actually mean? And how on earth are so many entrepreneurs able to tolerate immense mental discomfort and do things that scare, intimidate or otherwise cause them distress?
There are more entrepreneurs in the United States than ever before. And many of them are immigrants, whose proportion of the U.S. population is the highest in history.
According to the Migration Institute, immigrants in the United States and their U.S.-born children now number approximately 81 million people, or 26 percent of the overall U.S. population.
And many of them have started their own companies, spurred by the financial crash of 2008. That’s evidence that the long tradition of the American Dream lives on: Immigrants continue to come to this country to make their dreams come true.
Instead of waiting their turn to rise to the top at work, a number of younger women are taking a different approach to breaking the glass ceiling, new research finds.
A study from the consulting firm REAL revealed that among millennial female entrepreneurs, nearly 90 percent left their job in the corporate world to start their own business. This has not only given them the opportunity to take on executive leadership roles, but it also allows them to employ largely female staffs, execute flat business structures that have no, or few, levels of middle managers between exectuives and employees, and encourage greater employee consideration and inclusion, according to the study.
On-demand services like Uber are becoming increasingly popular with consumers, but they’re also having a significant impact on entrepreneurship, according to a new study.
Researchers at the University of Michigan, University of Minnesota and Temple University discovered that within one year of Uber and Postmates entering a new geographic location, entrepreneurial activity in those cities declined.
In this newest episode of the Blinkist Podcast, our guest producer, Emily, talks with an old friend who’s brought her small business from twinkle of an idea to globally recognized, Beyoncé-worn recognition.
Emily and Laura Wass of WXYZ jewelry talk entrepreneurship, what it takes to bring a business from fledgling to flight, and the importance of ritual. I’m also in there making awkward jokes, as usual, and the Book Doctor makes another house call—this time, hitting closer to actual home.
1. You’re not going to win the pitch contest – even if you win it
Shark Tank is great entertainment. It’s the perfect reality TV format. Entrepreneurs, fresh with enthusiasm and ideas vs. hostile moneyed elites tearing their dreams asunder for the entertainment of the viewing audience. America loves a good fight, and Shark Tank delivers the humiliation and put downs that make great television. But the link between it and actual reality is tenuous at best.
“But there are winners,” you protest, “Checks get written.”
Do they? We had the privilege of participating in an event where some of the contestants of Shark Tank came out to meet the faithful who were dreaming of following in their footsteps.
Podcasting is a great way to learn and be inspired. It’s a new use of technology that hearkens back to the original social medium, storytelling.
If you have an interest in entrepreneurship, tech, leadership, business, creativity, or just learning and expanding your mind, here are 100 podcasts that can help you bring your best to all you do.
Pick out a few to start with, then get ready to listen and learn while you’re in the car, on the treadmill, or during your morning commute.
Student loans aren’t just negatively impacting you financially; they’re also hurting your chances of starting a new business, research finds.
Entrepreneurship is significantly hampered in parts of the country where residents carry more student loan debt, according to a recently updated study by researchers at Pennsylvania State University and the Federal Reserve Bank of Philadelphia.
For the study, student loan debt across the United States was analyzed by county and compared with small business creation in those areas. Researchers discovered that between 2000 and 2010 a one standard deviation increase in student debt reduced small businesses in those counties by an average of 14 percent.