Entrepreneurs…

Sorry, its been a while since my last post, as my laptop is gone and tennis has begun, I do not have much time. However, here is the second post, from Lucky or Smart?

Entrepreneurs are born, not

Info

Just so you know, this was my work blog, along with my personal blog. My work blog has been moved to jayminatwork.wordpress.com. if you wish to see work reports, they are there. This is now only my personal blog.  

Smart, Lucky, or Smart enough to realize…

Okay, so the book I have been promising to write about…Lucky or smart? by Bo Peabody. First, let me explain who he is. Bo Peabody, when he was 19 decided to create a service online to help college students. That was the idea, and he took the help of one of his professors. However, that was not to be the destiny of what he called Tripod. As he was not the most computer savvy person, he decided to hire a team of programmers, whom he referred to as long haired, multi-pierced, tattooed, smart hacker hooligans. He, however, was smart enough to let them be, and accept they were odd. They created something completely different from his original plans: they created a homepage builder where anybody could have their own page on the internet. Eventually, he accepted an offer from Lycos, and he sold out for $58 million in stock. The majority of his shares were already sold by the time the bubble crashed…he came out with a lot of money, to put it simply. Now, he invests in the restaurant business (Mezze, Inc.), and a venture capital firm (Village Ventures, Inc.) In the book he states how he achieved such success, and I will share what he stated along with my views in around 12 posts (a daily infusion of wisdom).

Chapter 1: Lucky or Smart

He starts off: be able to differentiate between being lucky, and being smart. Do not take credit, and assume you are a genius, if it is luck. You can create luck however, with this formula; create a business that is fundamentally innovative, morally compelling, and philosophically positive. You have to convey these traits in the mission; it does not matter what the business model is. You just have to convey it so more and more smart people will come…and as he said it, serendipity ensues. The good things that will occur, are luck…therefore, you create luck. So another formula; create an environment where smart people will gather, and be smart enough to stay out of the way, let luck happen. He was smart enough to realize, he was getting lucky. Serendipity is luck, which leads to success, and then… money.

 

My Say:

So, what he is saying is that all you have to do is just spread some seeds of a company, and just sit back and let luck happen. I feel these simple formulas are brilliant; you do not need to be a genius to make millions, just have some on your payroll. I will follow this advice, however, the kind of person I am, I want to be one of the smart people. I will let luck happen, nevertheless, I do want to help create what my company will be churning out. I do not want to sit back, and let everyone else come up with the good ideas. I want other people in my company to come out with good ideas, but I also want to release my good ideas as well. I feel that may also foster creativity and passion; the head of the company is on the frontlines with them. I just have to keep my ego and my use of power in check. It is like Alexander the Great. In battle, he led from the front, whereas other leaders protected themselves and commanded from the rear. The troops were energized by his passion and commitment and followed him to the ends of the earth. That is what my company to be: a company that can revolutionize, create, and take over entire industries, conquer unconquerable lands held by once unstoppable corporations. I want to foster creativity, intelligence, and I want no good idea dismissed prematurely.

Check back tomorrow, for more words of wisdom…..

 

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