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Marshall
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Age: 47
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My Favorite Sports: Horseback Riding
Top 5 books: :books:, give them the pickle
Overview
Mastering Enterprise by good old fashion common sense!

Today's corporate executives search for ways to improve company growth: Usually by downsizing, restructuring {labor is cut to improve the bottom line}, break the unions, export the labor, design cheap limited shelf life products, quantity over quality!

Government officials concerned with economic performance are asking themselves," where is the next BILL GATES in my region and how do I help him emerge?" 

Individuals are increasingly wondering whether they should strike out on their own, if their fortune would be better realized through the pursuit of opportunities they believe in, and only if they knew how to pursue, or where that business angel that knows his needs is!

Business owners who are overly concerned about being in control have little tolerance for subordinates who think for themselves.  Such micro-management appropriate as it may be in the start-up phase of a company will increasingly become a burden as it stifles the information flow {better ways} that hampers decision-making, and inhibits the attraction and retention of capable people.

The late Robert Maxell is a good example of bring obsessed with control "his way or the highway!" the god of thy world.   Some business owners have the pervasive fear of being victimized, continually scanning the environment for confirmation of their suspicions.

This behavior pattern can lead them to lose any sense of proportion. Focusing on certain trouble spots and ignoring others, blow up trivial things and lose sight of the reality of the situation.

The bottom line “if it's the only thing that's motivational-unfortunately,” those who manages in this way forgets the heavy price the company pays in deteriorating morale, low employee satisfaction high turnover, willful equipment damage- this also leads to a decline in productivity.

Just think about it! If you buy stock in a US market that is foreign owed business - do you know where the money go's?  Foreign trade is very important, foreign control of a market is not to our best interest.

CREATIVE REBELS with a CAUSE

Some entrepreneurs have difficulties addressing issues of dominance and submission, and are suspicious towards people in positions of authority. Many are misfits who need to create their own environment.  This does of course have its constructive side: it makes them alert; anticipating the actions of others protects them from being taken unaware.

Entrepreneurs are achievement oriented, like to take responsibility for decisions and dislike repetitive, routing work, posses a great degree of perseverance and imagination; which combined with a willingness to take moderate calculated risks enable them to transforms what often began as a very simple ill defined idea into something concrete.

Most at first normally do not have the resources, power, or authority in hand that is required to just go and implement a venture.  Someone else usually takes the credit most without sharing, in the case of novice entrepreneurs.

This is true, for they must engage others in their ideas and do not know how to protect themselves. This is why most have issues with authority-for most must use other people's money to leverage the resources they do not control.

Entrepreneurs' leadership, most importantly his style is a unique combination of energy, originality and shrewdness. Most are the major driving force in the company, a master of motivation and knows how to get the best out of his people.

Furthermore, he is aware of most, if not all of his weakness and has hired others to compensate for these, having in the process created a highly effective constellation made up of diverse skills.

There is a cyclical quality to their behavior; they are prone to great mood swings. They fear that being passive would make them over dependent; more over passivity evokes depressive reactions. Entrepreneurs do not necessarily have more personal problems than other people do, nor: do they inevitably have personality disorders.

What one can extract from the previous comments, however, is that they have their own unique ways of dealing with the stresses and stains of daily life. In saying this, must emphasize that the boundaries between the very creative and aberrant behavior can be blurred.

The mix of creative and irrational is what makes entrepreneurs tick and accounts for many of their positive contributions.  There are three kinds of people in this world:

Those who make it happen, those who see it happen, and those who wonder what has happened!  We all know where entrepreneurs fit in to this picture...

CIVIC ENTREPRENEURSHIP, what is it?  Just as individuals who organize, create and assume the risks associated with a business venture they establish in pursuit of an opportunity they and / or others have identified, directed at capturing the value associated with business opportunities.

However, civic entrepreneurship is different from most by not being primarily focused on creating top heavy return for the efforts of the small number of those who work, or own stock in the enterprise. Usually at the expense of the natural resources, labor, or sometimes the customer. 

The civic entrepreneurial process of identifying opportunity and realizing value in both the private sector, plus the most overlooked organizations. There are many paths it can take, from new ventures to buy-outs.

Whether an opportunity is successful depends more on how it is implemented rather than its pure economic characteristics. Recognize that there is no such thing as a perfect opportunity- realizes that pursuing an opportunity should bear a health warning: It will not be easy!

There are always problems to deal with and challenges to overcome in promoting and extending the business concept. The aim is to find new windows of opportunity, evaluate their potential, and invest in them for the long term.

Have you ever identified a business opportunity that other's are not pursuing? Now ask yourself why? How can it be done? Is there a better way?  What is the cost? Who can get hurt? When should/can it be done? Where?  Who is needed? What rules or laws are in force?

Good civic entrepreneurs create new industries; improve old ones by the three R's: Reduce, reuse, and remove harmful business practice, and/or products in the market.

They make contributions that stimulate the economy with good safe jobs that improve employee satisfaction. This puts pride in workmanship- the customer receives more value and the company gains brand loyalty.

This subject is dedicated to the art of entrepreneurship, to all entrepreneurs no matter where they undertake their activities.  Through knowledge, I hope that those with entrepreneurial ambitions will be better able to achieve successfully those ambitions.  REMEMBER- Seek and you shall FIND!   

SHEPHERD'S LAWS of ECONOMICS

Behind each corporation must be the singular force, or motive, that sets it apart from any other corporate structure and gives it its particular identity.     

The closely held corporation-that is, the company whose investors are few, regardless of capitalization must have at its financial core persons of generous heart and stout courage, who will infuse the structure what their dedication and sense of purpose. The smooth running corporation is largely dependent on its executive personnel, whose backgrounds and allegiances are compatible with the overall objectives of the structure and whose identities can be submerged to the corporate image.

NOTE: their heart and soul is company true blue!

The ultimate success of any corporation is dependent upon its major product or service. It is imperative that the projected consumer be convinced through aggressive public relations techniques {advertisement} that the product or service is essential to his very existence, if possible.

Some more words of Wisdom..

One day the caffeine will wear off, and with it the temporary illusion that some of these stocks are worth their asking prices. It seems only a matter of time.

Markets, though, are notoriously hard to read. People see what they want to see. Bulls will find reasons why these stocks will go higher. Bears will find reasons for them to go lower.

The seldom-admitted truth is that most of the time, the market exists in some indeterminate state, like the muddled cherry of a whisky sour.

I think the main lesson from Mr. Babson is that you cannot trust consensus. You cannot rely on the "Establishment." You can't find refuge in the herd. And you must resist the urge to join the crowd. Passion of the moment can be a disaster over the years!

Babson's firm, by the way, still lives on. Recently, it published a letter describing five essential truths the firm follows, laid out by its founder years ago.

They are:
1. Markets are unpredictable and ill-suited to forecasts.
2. Long-term fundamentals are key.
3. Investor emotion leads to volatility.
4. Valuation discipline should guide investment selection.
5. Perspective and patience are rewarded.

That's not a bad set of self-explanatory truths. They are not sexy, but the best investment advice seldom is. Investors would do well to remember them - and remember Babson
when considering whether or not they should plunge in on the hot stocks of the day.

Just Common Sense -

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Profile Brief
Member since: 02/29/2008
Profile last updated: 03/12/2008
Current Status: Offline
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