The goal should be to build a sustainable lifestyle business that does good for employees and customers - and that steadily builds wealth.
From Vivek Wadhwa
My advice to fledgling entrepreneurs is always the same: build a company that you plan to be with for the next 10 years - that is the best way to increase your chances of success.
The mentor-mentee relationship is ideally like that of the guru and disciple: motivated by the desire of the guru to impart knowledge to the disciple.
What the tech industry often forgets is that with age comes wisdom. Older workers are usually better at following direction, mentoring, and leading.
Despite what some investors say, older age is an advantage in the startup world. You know more about industries and markets, and have ideas for products that the world actually needs and a better ability to motivate and manage than a kid out of school does.
I have no doubt that my M.B.A. from New York University's Stern School of Business was one of the best investments I ever made. It helped me climb the corporate ladder and become an entrepreneur.
Most business schools are geared toward churning out investment bankers and management consultants.
When I became an entrepreneur, I had the knowledge to develop and manage budgets, market products and review legal contracts.
You may not believe in anything called a work-life balance, but your body certainly does. You need to monitor and nurture your body.
I used to have an obsession with building businesses and forgot about building health. I was focused on the destination instead of the journey. I caution you to not do the same.
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