Rich Kid's Campus|A Community for High School and College Entrepreneurs

I’ve worked with dozens of potential entrepreneurs over the last 10 years and it’s always the same old song and dance. They continuously think about an idea and research it to death! Now, I am no stranger to this myself. I have been a victim of such fear. When I started my online sports store I spent a year and a half researching it and making sure I knew all that I could know.

Well, guess what? It was one of my biggest mistakes. I should have just jumped right in and got at it. As a result of my inaction I wasted a lot of time because the majority (90%) of the research I did was never used. It meant absolutely NOTHING. Experience is the best learning tool you could ever have. That is why I constantly tell entrepreneurs to dive in head first and learn to swim.

Failure

People get immobilized when they think about failing. Some people cannot face failure head on, but successful entrepreneur’s can! Failing is a part of life. It’s a huge part of finding out what works and what does not work. That is why I tell entrepreneurs to fail as fast as possible so they can find out what is working. The more times you fail the faster you find out what works!

Read the rest of this entry »

This question may withstand the test of time. Then again, maybe not. With the way technology is advancing and humans are evolving this issue may be addressed sooner rather than later. One thing that we do know is what some of the top characteristics are of the greatest leaders we have seen. Integrity, dedication, hard work, trust, charisma, and the ability to effectively communicate their vision while also inspiring people, are just a handful of those characteristics. So, are these characteristics learned or are we born with them?

There are pretty good arguments for each perspective. There is a theory in consumer behavior that people’s memories can be unlocked using a “key”. That key can be a taste, smell, picture, video, etc. Anything that makes you think about the memory that you have “forgotten”. Have you ever heard a song on the radio and it made you think of someone that was once in your life? Well, that’s a “key”.

With this knowledge, is it possible that people are born with certain characteristics and traits but they are not actually “unlocked” or utilized until they get some training, knowledge and experience?

Read the rest of this entry »