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I learned that focus is key. Not just in your running a company, but in your personal life as well.

What I've learned over the years is that focus and singular purpose is the best approach for businesses.

In the larger companies, you have this tendency to get top-down direction.

Make it clear up front what the aim of the company is. Stay true to your authentic vision.

Somehow, the company must stay true to the founding vision while avoiding the pitfalls of rapid growth - and perhaps survive the hiring of a previously successful executive who doesn't work out.

I recognize that virtually every company that comes in here has a perspective. It's often not difficult to understand why they have the perspective that they have.

In business, staying focused requires that you turn most opportunities down.

Starting a company, your success is going to be very dependent on how you adapt. You're going to make decisions, you're going to make bets; most of them are going to turn out to be wrong.

As a company grows, its purpose grows with it. It has the potential to evolve your purpose.

When you're running a company, creating jobs is the last thing you want to. When you're running a company you want to employ as few people as possible, and yet you inadvertently create jobs.