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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them

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Center for Family Conversations

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The Center for Family Conversations (CFC) is a resource center that provides the integral tools and ideas in helping families establish a 100-year-plus Family Legacy Plan.

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THE TYCOON PLAYBOOK – How Business Empires Are Built

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The Tycoon Playbook course was created for business families who are already running a successful business and wish to ramp up their growth while preserving wealth for future generations. Specifically, the Playbook teaches high performance business owners the two most highly rewarded skills in business, namely deal-making and how to acquire cash flow producing business assets.

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CNN Financial News

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Uber invests $1 billion in Indian marketUber is bullish on the Indian market: The company said it plans to pour $1 billion into its India op [...]

Lufthansa crash families outraged by compensation offerRead full story for latest details. [...]

Russia cuts rates again to prevent deeper slumpThe double-whammy that slammed Russia last year is back: Oil prices are tumbling again and Western s [...]

Get ready: Puerto Rico is likely to default August 1Read full story for latest details. [...]

 

CNN Small Business News

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CNN Money News

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Fortune Magazine

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Reuters Business News

LONDON (Reuters) - Now that U.S. Federal Reserve chief Janet Yellen has made it clear she's loo [...]

(Reuters) - The Dow and S&P 500 were dragged down on Friday by weak earnings from oil producers [...]

BRUSSELS (Reuters) - The International Monetary Fund is participating fully in the ongoing talks for [...]

NEW YORK (Reuters) - U.S. consumer sentiment fell in July, according to a survey released on Friday. [...]

NEW YORK (Reuters) - As traders, market pundits and economists jaw over whether the Federal Reserve [...]

BRUSSELS (Reuters) - The European Commission said on Friday that it had opened an in-depth investiga [...]

(Reuters) - Second-quarter profit at oil producer Chevron Corp tumbled 90 percent, missing analysts [...]

 

Reuters Economy News

CARACAS (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remain [...]

WASHINGTON (Reuters) - The Obama administration on Tuesday bowed to months of growing pressure over [...]

NEW YORK (Reuters) - Investors backed away from global equity markets on Tuesday, with light volume [...]

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BUENOS AIRES (Reuters) - Crunch time for Argentina fixing its debt default will almost certainly not [...]

 
 

Post Tagged with: "Entrepreneur"

 
  • 4 Differences Between Solopreneurs and an Entrepreneur Working Alone

    4 Differences Between Solopreneurs and an Entrepreneur Working Alone

    It isn’t unusual for an entrepreneur to single-handedly launch a business. Solopreneurs won’t have it any other way.

     
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  • Think Like A Tech Titan: 6 Tips From New Bio Of Elon Musk

    Think Like A Tech Titan: 6 Tips From New Bio Of Elon Musk

    A new book about Tesla CEO Elon Musk is packed with far-from-obvious tips about how to make it big as an entrepreneur.

     
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  • Think, Live, Be Positive Aggressive | Phil Soran

    Think, Live, Be Positive Aggressive | Phil Soran   Phil Soran, a serial entrepreneur, shares his secret for going B to B (Basement to Billions) in his TEDxFargo talk. Phil started two successful technology companies in his Minnesota basement and attributes the success to creating a special company culture called Positive Aggressive. Through humor, stories, and concrete examples, Phil challenges the audience live with more intention by creating a Positive Aggressive Lifestyle.   Phil Soran is a serial entrepreneur in the technology field, founding companies that have generated thousands of jobs. Most recently, Phil was the founder, President and CEO of Compellent Technologies which started in 2002.

     
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  • Business Ideas: My Favourite 5 Gutsiest Entrepreneur Launches of All Time

    Business Ideas: My Favourite 5 Gutsiest Entrepreneur Launches of All Time

    Business Ideas: My Favourite 5 Gutsiest Entrepreneur Launches of All Time     Gutsiest Entrepreneur Launch #5: Dana White Saves the UFC White agreed and put his business on the line. The show became a huge success which ended with Forrest Griffin and Stephan Bonnar fighting for a six-figure contract. White credits the show for saving the UFC and continued airing new seasons of The Ultimate Fighter to expand the awareness and popularity of his company.   Gutsiest Entrepreneur Launch #4 – Philip Knight signs Michael Jordan:   The Air Jordan became the most valuable footwear franchise in Nike’s history. It was so popular that launch dates had to be postponed to weekends so kids wouldn’t be tempted to skip school to get their hands on the latest Air Jordan. The move took Nike from being a running shoe company with no exposure to the basketball market to now owning as much as 85% of the basketball shoe market.   Gutsiest Entrepreneur Launch #3: Bill Gates Pitches a Product that Doesn’t Exist     Bill Gates and long time friend Paul Allen turned their passion for programming into a business when they saw a picture of the Altair 8080 on the cover of Popular Electronics. Gates called Micro Instrumentation and Telemetry Systems (MITS), the company that was manufacturing the Altair, and told them that he and Allen had developed a programming language for the computer that was ready to launch.   With not a single line of code written and no Altair to work on, Gates and Allen worked around the clock on Harvard computers to do what they said they had already done. Eight weeks later, Allen flew to MITS headquarters in New Mexico to present their code. Without even a test-run, their program was a success and MITS bought the rights, making it an industry standard. Within one year, Gates had dropped out of Harvard and the two high school friends established Microsoft Corporation.   Gutsiest Entrepreneur Launch #2: Richard Branson Drives a Tank into Times Square   To launch Virgin Cola he rode into Times Square in New York City on top of a tank, promising to battle with Coke and Pepsi. To launch Virgin Mobile in Canada he repelled into the heart of Yonge-Dundas square. Branson has also made several world record-breaking attempts. With “Virgin Atlantic Challenger” and “Virgin Atlantic Challenger II” he raced to have the fastest Atlantic Ocean crossing. In “Virgin Atlantic Flyer” he created the world’s largest hot air balloon and was the first to cross the Atlantic in a balloon. He then tried to become the first person to go around the world in a hot air balloon.   Branson is always thinking of new ways to launch and promote his businesses – the more high profile, the better. Even when his stunts don’t work out they garner so much attention for his businesses that it’s all worth it for him.   Gutsiest Entrepreneur Launch #1: P.T. Barnum Puts on a Show   Even […]

     
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  • Business Ideas – Business Lessons from Jenny Craig (food & service entrepreneur)

    Business Ideas – Business Lessons from Jenny Craig (food & service entrepreneur)

    Business Ideas – Business Lessons from Jenny Craig (food & service entrepreneur) by Evan Carmichael     Today we’re going to look at how a gym manager mortgaged her house to start a business because she saw a need, moved to Australia, and later sold her business for $600 million. This is the story of Jenny Craig and the top three lessons you can learn from her success.   Action Item #1: Promote, Promote, Promote!   Building a better mousetrap is not enough anymore to get a company off the ground. You need to aggressively promote your business to make sure your customers know that you exist. From advertising and public relations to search engine optimization and social media marketing, you have many opportunities to spread the word about your company and you should never take your foot off the gas!   In the company’s early years, Craig made sure that exactly ten percent of sales was directed back into commercial advertising each and every year. Individual franchises were also expected to spend ten percent of sales, or at least $1,000 a week, on local advertising for their own centres.   They used traditional advertising on television programs, leveraged celebrity endorsements, and created direct mail campaigns. But they also tried many offbeat approaches. As one example, Sid got the company a lot of publicity during one televised international cricket match, where cameras picked up on a sign in the crowd directed at the captain of the English team that read: “See Jenny Craig. Quick.”   Action Item #2: Offer Products and Services   I believe the best way to build a business is to start a service – it’s low cost and gets you close to your customers. Your chances of survival are much higher and you learn what future services and products your clients need. Once you’ve established a base of customers and know exactly what’s missing in the marketplace, you can create your products. You’ve got cashflow from your service business to keep the company running and you’ve got a loyal group of clients who are ready to buy!   Jenny Craig had the same philosophy. Her business started with Jenny Craig centres where they would help clients establish a workout program, offer nutritional guidance, and also give motivational services. Her business grew every year as she added more centres and people to her team. It was a very successful service based business.   Jenny Craig’s big break came when she started offering prepared food products as a part of her offering. She brought on board a highly qualified staff of dieticians, psychologists, and physicians to help her create a menu that was healthy and nutritional. In doing so, Jenny’s Cuisine became a central component to her program. All of her clients were required to purchase these portion and calorie controlled foods, which included over sixty different breakfast, lunch, dinner, dessert and snack options. Jenny’s Cuisine proved so popular that the company’s gross revenues from food sales increased […]

     
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  • Business Ideas – 3 Lessons from George Foreman

    Business Ideas – 3 Lessons from George Foreman

    Business Ideas – 3 Lessons from George Foreman by Evan Carmichael     Today we’re going to look at how a high school dropout who was constantly in trouble with the law turned his life around and started to believe him himself. He would go on to become two-time former World Heavyweight Boxing Champion and multimillionaire entrepreneur. This is the story of boxing great George Foreman and the top 3 lessons that you can learn from his success.   “Learn to sell and you’ll never starve.”– George Foreman   George “Big George” Foreman (born January 10, 1949) is an Olympic gold medalist, two-time former World Heavyweight Boxing Champion, and entrepreneur. A high school dropout, as a teenager, Foreman didn’t know how to read or write. He took to the streets and got into trouble by picking pockets and mugging people. His sister told him “You’ll never be anything.”   After finding himself on the run from the police one night and digging himself in a pile of mud to avoid their dogs finding him, Foreman decided he had to change his life. He enrolled in a job skills training program for youth and began learning how to read and write. He later also learned how to box and entered into amateur competitions so he could send $50 home to his mother every month. After a year and a half of learning to box he entered into the Olympic Games and won the gold medal. He went on to win the World Heavyweight Boxing Championship twice.   After twice retiring from professional boxing, Foreman became an entrepreneur and toured the world selling George Foreman Grills. In 2002 alone, the company earned $922 million from selling the grills. Foreman would go on to earn 3 times more money from the grills than throughout his entire career as a boxer. He has also moved on to selling TV shows, clothing, books, and Indy Car racing teams.   Action Item #1: Learn How to Sell Action Item #2: Get People to Like You Action Item #3: Keep Trying Until it Works     It’s rare that entrepreneurs make it big off their first idea. And even if they do, the idea has changed many times from what they thought they were going to create. Failing is a part of business. The key is to get started. Too many people don’t start because they’re afraid of failing. You will know failure – keep going. Fail smarter the next time and eventually success will be yours.   Foreman isn’t afraid of failing in business. He’s done everything from specialty shoes made for diabetics to a health-food restaurant chain to a reality television series. He’s willing to try almost anything if he thinks it might be a good opportunity and it’s something he believes in. As long as the business is something he can feel proud of and won’t damage his integrity, Foreman is willing to stretch his brand to almost anything. You never know until you […]

     
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  • Business Ideas – 3 Lessons From Brett Wilson

    Business Ideas – 3 Lessons From Brett Wilson

    Business Ideas – 3 Lessons From Brett Wilson by Evan Carmichael     Today we’re going to look at how an engineer discovered how his field was not for him and that business was more of his passion so he went back to school to get his MBA and focus on the business world. This man would go on to become one of the richest businessmen in Canada and is also well-known for his generosity. This is the story of Canadian entrepreneur Brett Wilson and the top 3 lessons that you can learn from his success.   “Innovative thinkers are constantly asking the question: How can we make things better? No matter what stage you’re at in your career or what industry you work in, everyone around you can benefit from new ideas. Don’t be afraid to think outside of the box – just because something works doesn’t mean it can’t be better.” – Brett Wilson   Brett Wilson (born July 1, 1957), a Canadian engineer, businessman and television personality is best known for his appearances on CBC’s Dragon’s Den. After growing up in a middle class family, his father a car salesman and mother a social worker, Wilson went off to college to study engineering. He would get his bachelor’s degree in engineering and go to work for one of the oil companies in Western Canada. However, after a few years of working as an engineer, he discovered that he wanted to do something else – business.   After going back to school to get his MBA, Wilson would join nine other friends to start an investment club. They each put in $200 and invested in the stock market. They would soon each get back $221, but more importantly, understand how the stock market worked, how commissions worked, how to buy and sell stocks, as well as learn to research and watch market trends. It wasn’t much money, but this small investment club got Wilson moving and drove him to wanting to do more in the business world. He would go on to work for an investment bank, but his entrepreneurial spirit was still not satisfied. He would bide his time, network, make contacts and learn everything he could, so one day he could start his own business.   Finally, he would create his own investment advisory firm and later team up with three partners to create a brokerage firm, FirstEnergy Capital, that would offer investment services to the oil and gas industry. Today, FirstEnergy Capital has handled more than $150 billion worth of mergers, acquisitions and asset sales. Wilson has been named one of the top 20 deal makers in Canada and one of the top 10 mergers and acquisitions specialists in Canada.  

     
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  • Business Ideas – 3 Business Lessons From Pierre Omidyar

    Business Ideas – 3 Business Lessons From Pierre Omidyar

    Business Ideas – 3 Business Lessons From Pierre Omidyar by Evan Carmichael     Today we’re going to look at how an entrepreneur followed his passion for computers and in one weekend created the code for a new website that would go on to become one of the most well known sites in the world. This is the story of eBay founder Pierre Omidyar and the top 3 lessons that you can learn from his success.   “It is not really work if you are having fun…that was the case with me.” – Pierre Omidyar   Pierre Omidyar (born June 21, 1967) is an American entrepreneur and philanthropist/economist, and the founder/chairman of eBay. Growing up he became fascinated with computers and often skipped gym glass in school to play on their computers. After graduating high school and university, he went to work for an Apple subsidiary to develop software for the Macintosh. Omidyar soon felt the entrepreneur itch and wanted to start his own business.   When Omidyar was 28 years old, he stayed in front of his computer for the entire Labour Day long weekend and wrote the original code for eBay. Originally called “Auction Web”, Omidyar wanted to change the name to echobay and drove to Sacramento to register the name. When he arrived, he found echobay was already registered so he decided to go with eBay on the spot instead of having to make a return trip.   Today, eBay has revenues of over $9 billion and Omidyar serves as its Chairman. He has an estimated net worth of $6.7 billion making him the 50th richest person in the world and it all began with one long weekend writing code and launching a new website.   Action Item #1: Just Go For It Action Item #2: Follow Your Passion Action Item #3: Be Nice     True Story   eBay was originally hosted on a website that Omidyar had created with information about the ebola virus. The site originally allowed buyers and sellers to connect for free but as the site grew, he had to charge a small fee. Omidyar hoped that the transaction fees would eventually be enough to cover his website hosting costs.   Quotes   “You should pursue your passion. If you’re passionate about something and you work hard, then I think you will be successful.”   “You have to really believe in what you’re doing, be passionate enough about it so that you will put in the hours and hard work that it takes to actually succeed there, and then you’ll be successful.”   “I was raised with the notion that you can do pretty much do anything you want. I always kind of just went ahead and tried things.”  

     
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  • Business Ideas: My Favorite 7 Boldest Entrepreneur Moves of All Time

     
  • The Mayfair Set episode 2 – Entrepreneur Spelt – Lugen Family Office

     
  • Happiness for lazy people: Sven Heijbel

     
  • Daniel Isenberg On The Value Of Contrarian Entrepreneurs

     
  • Robert T. Kiyosaki – The Business of the 21st Century

     
  • Stimulating economy from the bottom up: Zein Hussami

     
  • Tim Ferriss on Mastering Any Skill

     
  • Peter Jones: How we made our millions

     
  • Duane Cashin – Inspiring Entrepreneur

     
  • Success and Happiness: Celeste Faye

     
  • The Model of Hope: Daniel Simkin and Ethan Wasserman

     
  • Being Successful: Rachit Pandey

     
  • Everyone will become an Entrepreneur

     
  • How great entrepreneurs think

     
  • Bryan Franklin – The Most Dangerous Question On Earth

     
  • Financial Principles Every Entrepreneur Must Know for Success

     
  • Fun is the Future: Mastering Gamification

     
  • Ludwick Marishane: A bath without water

     
  • Anatomy of a young tech millionaire

     
  • Vinod Khosla on “The Innovation Ecosystem” – Haas School

     
  • The Philanthropy Channel: W. Brett Wilson Redefining Success

     
  • Richard Branson announces an amazing opportunity for budding entrepreneurs

     
  • Mark Zuckerberg at Startup School 2011

     
  • Making the Shift: Developing the Entrepreneur Mindset by Darren Hardy

     
  • The 21 Golden Rules of Entrepreneurship – A Real Life Fable by Jason Nazar

     
  • Steve Blank: “Entrepreneurship is a Calling”

     
  • Evaluating a Business Idea

     
  • Top 10 Mistakes Made by Entrepreneurs

     
  • What They Don’t Teach in Business School about Entrepreneurship

     
  • Entrepreneurial Spirit Needed: Tony Hayward, British Petroleum

     
  • Cameron Herold: Let’s raise kids to be entrepreneurs

     
  • Business Coach Dan Sullivan asks, “How do you get your confidence?”

     
  • Entrepreneur coach Dan Sullivan discusses willpower: Do you have the will to succeed?

     
  • Business Coach Dan Sullivan talks about key multipliers of business growth

     
  • What do family businesses need to do to continue to be successful?

     
  • Jonathan Fields – Turning Fear Into Fuel

     
  • Michael Gerber, Author of The E-Myth

     
  • Gabe Zichermann: How games make kids smarter

     
  • The New Millionaire: Michael Gerber (part3)

     
  • The New Millionaire: Michael Gerber (part2)

     
  • David S. Rose on pitching to VCs

     
  • Richard Branson: Entrepreneurship and Charity

     
 
 
 

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