Siimon Reynolds' has a new book out: Why People Fail
Siimon Reynolds explains why people fail in this short video. He also mentions a related book by John Kay called Obliquity – Why our goals are best achieved indirectly. For example, you will probably be more successful financially if you concentrate on doing something well instead of on merely making money. You should have a mission in life that empassions you.
Obliquity is the principle that complex goals are best achieved indirectly. This book explains why the happiest people aren’t necessarily those who focus on happiness, and how the most successful cities aren’t planned (look at Paris versus Brasilia). And if a company announces shareholder return as its number one goal, perhaps we should beware: the most profit-orientated companies aren’t usually the most profitable.
At one time Boeing’s leaders would ‘eat, breathe, and sleep the world of aeronautics’.The company created the 747 and its fortunes soared.When in 1998 it shifted focus to shareholder return and return on investment the company, well, took a dive.
Merely pursuing wealth for its own sake is an empty goal for most of us. It has little power to motivate and inspire.
How Billionaires Become Billionaires: The Social Network
By all accounts so far The Social Network, which is the movie about Mark Zuckerberg and the creation of Facebook, is a blast of a movie. Here's one early review.
The Social Network will do for tech entrepreneurship what Wall Street did for Wall Street. Watch it now.
This morning I attended the press screening for The Social Network together with 80+ journalists, representatives from Sony and security guys in night goggles who patrolled the isles looking for hidden photo or video cameras. I think the journalists liked it. They seemed to enjoy the movie and LOLed regularly.
Me? I was blown away.
Seriously. I left the theatre after the movie ended, walked back to the office all dazed and confused with red eyes and a hot head. I think this movie marks a definitive turning point for us. For everybody? No, just ‘us’. I mean the people who read this blog, the people I call my friends and the entrepreneurs who work in our industry. That is ‘us’. (Source)
To find out more about Full Contact Capitalism go here and sign up for the free mini-course. It will start immediately. Find out how they do it and if you have what it takes to follow in their footsteps.
Billionaire Tycoon the new board game. Monopoly updated for the new millennium.
Two entrepreneurs from London’s prestigious Mayfair business district are launching a new exclusive board game at Harrods and online called Billionaire Tycoon
In this unique and thrilling board game they aim to share ideas, skills and strategies used by some of richest and most successful people in the country, which could change the way you think and act forever.
Billionaire Tycoon is one of the most anticipated board games to be released this year - at Harrods and online from 30th September. The board game was created by two Londoners, Seth Surya and Shameek Upadhya, to encourage more entrepreneurship around the world.
"Co-creator Seth Surya says the game has a didactic purpose which is more important than ever in a tough financial climate: ‘We always wanted to share the skills, secrets and know-how to become seriously business savvy, while having fun. Many people assume entrepreneurs are allergic to recessions, but they’re times of tremendous opportunity and growth.’
The regular version of the game is available from Harrods and www.billionairetycoon.co.uk, but – as befits tycoons and would-be tycoons – there is a luxury version. Made from Swedish super-car hide (as used on Lamborghinis) and Italian leather, with nickel-plated playing pieces and black-suede lined dice cups, this will sell for £5,000
"Combining the world domination of Risk with the supreme strategising needed in real-life business, Billionaire Tycoon allows you to deal, steal and swap your way to the top. For a board game, it is actually quite realistic, gradually building up from small beginnings to become a tycoon, leveraging your assets, taking risks and trying to outwit your competitors. It even involves real-life cultural differences and geopolitics, with military coups on the menu for the unwary. Billionaire Tycoon has all the pleasures and pains of the entrepreneur's life, and is a tremendous amount of fun."
Chuck Feeney is the subject of a recent biography by Conor O'Clery, The Billionaire Who Wasn't: How Chuck Feeney Made and Gave Away a Fortune Without Anyone Knowing. In a nutshell, Feeney built an empire in the duty free business over several decades beginning in the 1950s, became a billionaire, and then gave all his money away. Now you can learn about this inspirational man by watching this documentary on his life. It's packed with business lessons. I also recommend the book.
I first read this article in the HBR back in
2002. It's one of the best articles I have read on what it takes to
It's called A Test for the Fainthearted
by Walter Kuemmerle. I am not going to go into detail here on the
test, but will list his five questions. In the article, he explains
1. Are You Comfortable Stretching the Rules?
Are You Prepared to Make Powerful Enemies?
3. Do You Have the
Patience to Start Small?
4. Are You Willing to Shift Strategies
5. Are You a Closer?
If you are considering
enrolling in the Billionaire Strategies course in order to learn how
to buy a handful of businesses, some of the questions may not be as
relevant. However, if you are very ambitious and see yourself as a
tycoon someday, the test will let you know if you're deluding
Google "A Test for the Fainthearted"
to find the article at HBR.
taught me the basic principles he relied on to
go from grinding poverty to enormous wealth.
- Shaun Rein
Forbes has an interesting article on what one of their writers learned from talking to one of the new Chinese billionaires. Here are the three main lessons:
Mr. Chen's first lesson is to believe that anything is possible and the
only thing that can stop you is yourself. He never ceased to believe
that he would make something of himself. As a poor peasant child with no
high government connections, he had the odds stacked again him. He had
to drop out of school in his teens because his family had no money.
The second lesson Mr. Chen taught me is that to get what you want you
have to respect everyone and sometimes eat humble pie.
Finally, Mr. Chen believes in sharing wealth. He lets business partners
make more than he does, so that the next time they secure a good deal
they'll think of working with him first. He sees no point in ever trying
to shortchange business partners.