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Ins and Outs of Entrepreneurship

The power of compound interest is the 8th wonder of the world.
Albert Einstein
Theoretical Physicist: Developed the Theory of Relativity
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If I’m the smartest guy in the room, I’m in the wrong room.
Alexander Crowell
Managing Director, PureTerra Ventures
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Nothing is easy. If you want to do nothing, that’s easy.
Author Unknown
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It’s so much easier to do something new than to do something well.
Author Unknown
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At the opening of the Hoover Dam, a beaver told a rabbit: ‘Well, I didn’t build it. But it’s based on my idea.
Author Unknown
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An investment in knowledge pays the best interest.
Benjamin Franklin
American Polymath and one of the Founding Fathers of the U.S.
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Your most unhappy customers are your greatest source of learning.
Bill Gates
American Businessman, Microsoft Founder
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It’s not a good strategy until it costs you something to pursue.
Bob Goldstein
CEO of Sonen Capital
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I don’t try to reinvent the wheel. I just try to change the spokes.
Brian Granger
Associate Professor California Polytechnic
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I just invent, then wait until man comes around to needing what I’ve invented.
Buckminster Fuller
American Architect, Systems Theorist, Author, Designer, Investor and Futurist
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To understand a company, spend time with its customers.
Charles (Red) Scott
American CEO and Business Coach
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Be careful – a little success can create a whole lot of overhead.
Charles (Red) Scott
American CEO and Business Coach
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Make sure that the best thing to happen to your customer today is you.
Christopher Chanski
VP Sales & Marketing, Illes Foods
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Remember that a person’s name is to that person the sweetest and most important sound in any language.
Dale Carnegie
American Writer and Lecturer
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Make no little plans.
Daniel H. Burnham
American Architect and Urban Designer
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Being early and being wrong are sometimes not that different.
David ibnAle
Investment Banker
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Good enough never is.
Debbi Fields
Founder of Mrs. Fields Bakeries
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An entrepreneur is someone who shoots an arrow and then runs to move the target, so the arrow hits it.
Dick Rennick
CEO of American Leak Detection
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Innovation is seeing what everybody has seen and thinking what nobody has thought.
Dr. Albert Szent-Györgyi
Discoverer of Vitamin C
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Much good work is lost for the lack of a little more.
Edward H. Harriman
American Businessman
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The man who makes no mistakes does not usually make anything.
Edward John Phelps, Esq.
Founder of American Bar Association
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You can’t really run the company by pissing off the scientists who do the work.
Erwin Kelen
Veteran Minneapolis Investor
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Success consists of going from failure to failure without loss of enthusiasm.
Winston Churchill
English Statesman
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We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Warren Buffet
American Investor
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It’s not necessary to do extraordinary things to get extraordinary results.
Warren Buffett
American Investor
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Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.
Warren Buffett
American Investor
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You’ll see it when you believe it.
Wayne Dyer
American Philosopher, Author and Motivational Speaker
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The pessimist complains about the wind; the optimist expects it to change; the entrepreneur adjusts the sails.
William Arthur Ward
Often Quoted Writer of Inspirational Maxims
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If this is a blessing, it is certainly very well disguised.
Winston Churchill
English Statesman
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Strategy – is figuring out what is the most important thing for your company and deciding to focus on it and say no to everything else.
Anonymous Venture Capital Investor
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There’s only one boss: the customer. He can fire everybody from the chairman on down simply by spending his money elsewhere.
Sam Walton
Retailer/Founder of Walmart
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Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves it’s amazing what they can accomplish.
Sam Walton
Retailer/Founder of Walmart
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If you don’t listen to your customers, someone else will.
Sam Walton
Retailer/Founder of Walmart
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Customers don’t want 1/4 drills, they want 1/4 holes.
Ted Levitt
Professor, Harvard Business School
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With Early Stage companies, it’s never one thing. It’s always one thing after another.
Tim Cartwright
CEO, Tamiami Angels
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If you have an important point to make, don’t try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time – a tremendous whack.
Winston Churchill
English Statesman
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Be ready to revise any system, scrap any method, and abandon any theory, if the success of the job requires it.
Henry Ford
Business Magnate, Founder of Ford Motor Company
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To do a common thing, uncommonly well, brings success.
Henry John Heinz
Vegetable Processor (1876)
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Choice is the enemy of decision.
Guy Kawasaki
Author, “The Art of the Start”
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Learn from the mistakes of others. You can never live long enough to make them all yourself.
Groucho Marx
American Comedian, Writer, Stage, Film, Radio and TV Star
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If you can’t explain it simply, you don’t understand it well enough.
Albert Einstein
Theoretical Physicist: Developed the Theory of Relativity
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More startups die of indigestion than starvation.
Bill Garley
Venture Capitalist: Benchmark
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I believe that smart people working hard will eventually get lucky.
Erwin Kelen
Veteran Minneapolis Investor
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If you have no idea how something is supposed to be done, I guarantee you’ll be disruptive. Let what you don’t know become your greatest asset.
Sara Blakely
Founder of Spanx
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One can learn to cook, but a restaurateur is born.
The New Larousse Gastronomique
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Partners don’t pay each other, they help each other get paid.
Tech Coast Angels
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Entrepreneurship exists in the tiny space between madness and genius; and, its journey requires a few cross border violations across both madness and genius to get to the final destination.
The Herd Instinct
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I’m sure that you’re trying to challenge yourself to invent something new. That’s impossible.
Virgil Abloh
American Fashion Designer
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A crisis is a terrible thing to waste.
Vinod Khosla
Venture Capital Investor
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On ne règne sur les âmes que par le calme. (One leads by calm.)
Winston Churchill
English Statesman
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We’re not trying to entertain the critics… I’ll take my chances with the public.
Walt Disney
Co-Founder, The Walt Disney Company
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In economics, things take longer to happen than you think they will, and then happen faster than you thought they could.
Rüdiger Dornbusch
German Economist
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You can’t innovate once.
Tracey Riese
Early Stage Investor
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To improve is to change; to be perfect is to change often.
Winston Churchill
English Statesman
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Having money is no reason to spend it.
Erwin Kelen
Veteran Minneapolis Investor
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I’ve made a lot of mistakes. I don’t have a lot of regrets.
Ed Stack
CEO/Owner, Dick’s Sporting Goods
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Two are better than one, because they have a good return for their labor: If either of them falls down, one can help the other up. But pity anyone who falls and has no one to help them up.
Ecclesiastes 4:9-10
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Dad always used to say, ‘Tell me a fact, and I’ll learn. Tell me a truth, and I’ll believe. But tell me a story, and it will live in my heart forever.’
Ed Sabol
Producer
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Feed the strong, starve the weak. Lead with your strength and avoid protecting the weak – weak brands, weak products and weak people. Know your strengths and lead with them.
Durk Jager
American Businessman
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I don’t know what the price is, but the price knows what the price is.
Erwin Kelen
Veteran Minneapolis Investor
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Deliberately obsolete your product. Do this by raising expectations for the category and ‘reinventing’ your brand in the eyes of the consumer. Nothing puts more pressure on a competitor.
Durk Jager
American Businessman
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Many things are improbable, only a few are impossible.
Elon Musk
Business Magnate and Investor
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To be persuasive, we must be believable. To be believable, we must be credible. To be credible, we must be truthful.
Edward R. Murrow
American Broadcast Journalist and War Correspondent
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I see the light when I feel the heat.
Everett Dirksen
U.S. Senator-Illinois (1959-1969)
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There are only two problems in business: 1. Not enough orders. 2. Not enough capacity to ship the orders.
Erwin Kelen
Veteran Minneapolis Investor
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95% of Initial Coin Offerings give the rest a bad name.
Dror Futter, Esq.
Partner, Rimon Law
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Great advertising can make food taste better, can make your car run smoother.
George Lois
Innovator
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When the rate of change outside exceeds the rate of change inside, the end is in sight.
Jack Welch
Chairman/CEO, GE
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The meek shall inherit the earth – but not its mineral rights.
J. Paul Getty
American Financier
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Profit gives us resources.