
One of my favorite books is Sun Tzu’s Art of War. I have read it several times and is one of my top 5 favorite books. Although the teachings are very old (6th century BC), there is much that can be applied to the modern day hyper-competitive business environment. Here are some of the lessons I have learned…
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Entrepreneurship is what keeps this country afloat even in these bad economic times. It is a known fact that small businesses create more jobs than the big boys. Entrepreneurship has also jump-started the economies of countries that escaped the oppression of murderous regimes. People striking out on their own create value, jobs, and wealth for everyone around them and this is an absolutely applaudable achievement. But, why do we glorify the entrepreneur way of life and less than 5% success ratio, rather than looking at what mistakes those 95%+ who failed made, publicizing them, and making sure the new crop never repeats again?
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One of the things I have learned early in my career (and marriage) is that acknowledging your mistakes and working to not repeat them is what helps one move forward and evolve. In my professional life I have seen some spectacular failures. Some of the most memorable ones were committed by business professionals who apparently were never taught that there is nothing wrong with making mistakes, but it is absolutely malicious to not admit your faults and attempt to cover up your mistakes.
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Like many of you in the startup world, I have read and signed my share of non-disclosure agreements (NDAs). I have reviewed, edited, and sent hundreds of them in my career, but I am yet to come across one that really serves anyone but the lawyers who charged dearly to write it. So, why don’t we stop wasting our money on having attorneys fill in one of their NDA templates, and write one that is understandable to everyone. Yes, let your lawyer look it over, but don’t allow him/her to insert any words your grandma would not understand. Here is how I would write my NDAs
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