Category: Entrepreneurship

By Posted on Posted in Business Ethics, Entrepreneurship, Ethics: General, propaganda, Publishing, Transparency vs. Secrecy Tagged with , , , , , , , , ,

While visiting Minneapolis, I took in the opening day of the new Ben Franklin exhibit at the Minnesota History Center in downtown Saint Paul. I’ve long ben a Franklin fan. To me, his far-reaching curiosity, big-picture viewpoint, multiple interests, creativity, willingness to question authority and even make fun of it, media and persuasion skills, dedication to the public good, and rise from poverty to a comfortable (even hedonistic) lifestyle are all traits that today’s entrepreneurs can learn from.

No one can question that he made many important contributions in science (adding vastly to our knowledge of electricity, inventing a safer and more fuel-efficient wood stove), diplomacy/statesmanship (bringing France in as a powerful and game-changing ally against the British during the Revolution, oldest member of the Constitutional Convention), literature and communication (best-selling author/journalist/printer/publisher who was successful enough to retire from printing at 42, and propagandist for causes and philosophies he believed in), entrepreneurship (training and funding printers for a multistate network to print and distribute his works, anticipating the Internet by about 200 years and the modern franchise system by at least a century), as well as civic good (co-founding a public library, public hospital, fire department, fire insurance company, postal system, philosophical society).

But what struck me were some of the contradictions—there are many others, but these two in particular need a second look:
Slavery
Franklin became convinced late in life that slavery was evil, and served as president of an anti-slavery society. Yet he not only owned slaves for over 40 years, but often published ads from slave-hunters in his periodicals, and refused to put his name on much of his earliest anti-slavery writing.

Integrity
Franklin is well-known for his moralizing, his aphorisms, and his commitment to honesty and integrity. Yet he broke his apprenticeship to his brother, ran away to Philadelphia before it was completed, and started as a printer without the papers necessary to show he qualified as a journeyman.

While none of us are perfect, it does seem that these areas of Franklin’s life, among others, need careful examination, with more detail than was provided by this traveling exhibit (which seemed to be aimed largely at children).

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By Posted on Posted in Blog Tour, Entrepreneurship

Guest post by Jacqueline Wales

Everything that glistens may be interesting, but it’s not gold, and it’s a mistake that many young entrepreneurs make.

So here’s my top 10 list of things to do when starting your own business for the first time.
1. Create a step-by-step strategy. SERIOUSLY simple steps (ex. step 1: buy domain name step 2: buy hosting package etc.)
2. Set a budget and stick to it. Until you start making money…And then still stick to a budget.
3. Don’t believe everything that’s shiny. Just because someone says they are the expert in their field doesn’t mean they are.
4. Be prepared to use the materials and follow the instructions before deciding it doesn’t work. Most programs fail because of lack of implementation.
5. Ask yourself if you really need this now. (You may in the future, but that’s another thing). I have a word I use. “Sombrero”. Whenever I’m confronted with something I’m not sure I’ll use, I consider whether it’s a useless trinket like a Sombrero.
6. Just because you can afford it doesn’t mean you must have it.
7. Titles on the bookshelves won’t bring you results unless you read them.
8. There is only one of you and you don’t have to do it all at once.
9. Be consistent in your approach and don’t chase bright shiny things unless they really will work for you.
10. Get a coach! It’s about accountability. If no one holds you to your goals, will they materialize?

And lastly, if the fear stops you in our tracks, take a deep breath and make a decision. It may not be the right one first time around, but it will teach you something important. After all, that’s why we make mistakes, isn’t it?

Jacqueline Wales is known the world over as The Black Belt Millionaire.  Her unique programs have helped women around the globe develop strong personal success, confident communication and clear visions of their goals. She is the author of five books including The Fearless Factor and you can sign up for a free report at https://www.thefearlessfactorbook.com/signup.html
To get YOUR copy of The Fearless Factor visit https://www.createspace.com/Customer/EStore.do?id=3392398

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