Not to innovate is the single largest reason for the decline of existing organizations. Not to know how to manage is the single largest reason for the failure of new ventures.
The more successful the unit, the more difficult it is to make sure that the large company doesn't put the same expectations on it as it does for the rest of the company. When it's a new venture, whether it's outside or inside the business, it's a child. And you don't put a 40-pound pack on a 6-year-old's back when you take her hiking.
When contemplating the pursuit of a dream or the start of a new venture, too many people are hesitant to begin because they can't comprehend the entire journey. If that's where you find yourself right now, don't expect to understand what it takes to get to the top. Just take the next step. There's no shame in starting small; in fact, if you don't start small, you'll probably never start at all.
The healthier a new venture and the faster it grows, the more financial feeding it requires.
When we start a new venture, we base it on hard research and analysis. Typically, we review the industry and put ourselves in our customer's shoes to see what we could do better.
Every time I go into a new venture, I find a "rabbi" who has the business acumen to help me understand the mechanics of that industry, the costs involved in developing a product, and what you need to do in order to make a profit.
When you come across real talent, it is sometimes worth allowing them to create the structure in which they choose to labor. In nine cases out of ten, by inviting them to take responsibility and control for a new venture, you will motivate them to do great things.
The sure ways to create new ventures of discovery are to keep an open mind.
My philosophy is that if I have any money I invest it in new ventures and not have it sitting around.
The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital. . . the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy.
Life. . . is not simply a series of exciting new ventures. The future is not always a whole new ball game. There tends to be unfinished business. One trails all sorts of things around with one, things that simply won't be got rid of.
With my new venture, Club Mom, we want to empower moms to feel their value and also build their collective power to make their lives better and easier. We want to bring them together as a community to share experiences and information.
Very, very few entrepreneurs who accept a 51 percent partner in a new venture will get rich if they are also expected to run it. Control is mandatory.
That's the beauty of starting lines: Until you begin a new venture, you never know what awaits you.
In my experience, there's only one thing that will always steer you toward success: That's to have a vision and to stick with it. . . Once I have a vision for a new venture, I'm going to ride that vision until the wheels come off.
I always tell other people to protect against the downside, and not risk roughing on new ventures, but I never stuck to that rule myself.
