The golden age for startups was 2012-2022, with the term ‘Unicorn’ going mainstream thanks to the rise of Uber and Airbnb. A sort of grandiose, lifestyle-craving entrepreneurial culture emerged in this 10-year period. Positive cash flow models were pushed aside for the growth at all cost model. It was a go big or go home…
Many entrepreneurs (and people in general) try to hide their weaknesses. We want our strengths to come out when dealing with employees, customers and the like, and do our best to hide our weaknesses to give the impression they don’t exist. Lead with our best foot forward… It’s understandable, of course, and it’s no different than being afraid…
Why small-time landlords should follow the systems and formulas of major hotel chains…
Sure, raising money for a startup can be a challenging process. More often than not, it’s loathed by founders and viewed almost as a necessary evil. This is why founders happily hire advisors to help them in the venture capital process (it costs them more than they realize). They want to get in and out…
The story of Domino’s is a fascinating one. Like so many great ventures, it started small, with two brothers buying a single pizza joint known as DomiNick’s in Michigan. It was sort of a side hustle for them. But over the years, that changed. The company’s founder, Tom Monaghan, became a trailblazer in the pizza…
Carelessness is very contagious, and if you’re around careless people, you too will likely catch the disease. Being careless, or worry-free as many of the careless will call it, certainly is appealing at first glance, especially to those of us who obsess over the details and have busy minds and schedules. Sometimes it’d be nice…
We’re living in an extraordinary time — socially, politically, and monetarily. Inflation is near 40-year highs in North America, reportedly up between 6-8% annually, although I think it is closer to 10-12% for what it’s worth. How the government calculates inflation excludes a couple of key metrics, which is why they report a lower clip,…
There is a lot of romanticizing of the business elites from the media. Journalists will highlight the glitz and glamour at the top but overlook the sacrifices and carnage along the way. Nothing in this life is free — and to be the best, one must pay. Many Talk — Few Can Do It Many…
When you think of the Stoics, lessons on pragmatism, morality, and imperviousness to societal distractions probably come to mind. But there is a lot more to the Stoic’s way of life. Above all, their pursuits mainly revolved around living a practical and effective life, no matter their circumstance. And as entrepreneurs, what’s more important than…