Clock Building Instead of Time Telling

In Built to Last, authors Jim Collins and Jerry Porras talk about a hypothetical person who could look at the sun or stars and tell the exact time down to the second. That person would be an amazing “time teller”. However, wouldn’t it be much more amazing if that person created a clock which could [...]

Core Ideologies in Visionary Companies

In Built to Last, the authors identified “Visionary” companies which met very rigorous standards of sustained greatness. The authors did not find any specific ideological content as being essential in these visionary companies. However, the authors did find that it was essential that the companies have a core ideology of some sort, and [...]

Business Myths & Realities

In preparation to write the book Built to Last, authors Jim Collins and Jerry Porras and a team at Stanford University researched highly successful (“visionary”) and less successful companies for six years. Their research debunked many myths commonly held in the business world. The following are some of the myths and findings that I found [...]

Domain Name Nostalgia & Tax Issues

I have been a “domainer” (someone who buys and sells Internet domain names) since 1996. Back then Network Solutions was the only domain name registrar and they charged $100 to register each name. They allowed domain names to be registered without paying up front, and then they billed the registrant who had about [...]

Walt Disney Was a Failure (Which Helped Him Succeed)

Disneyland and Disneyworld are the most famous and successful theme parks in the world. The Walt Disney Company is now the third largest entertainment company in the world with 133,000 employees and $60 Billion in revenue. According to Fortune magazine, in 2007, Disney is America’s most admired entertainment company.
According to Newsweek, the Disney brand is [...]

Google – The #1 Angel Investor for Small Businesses

What did small businesses do without Google? In this blog entry I’m not referring to the Goolge search functionality, although that has revolutionized the accessibility of information. I am instead referring to the lesser known tools that Google has made available to small businesses. Nearly all of these tools are available for free, [...]

We’ve Outgrown the Entrepreneur

This month Fortune magazine released their “Most Admired Company” rankings. This year Apple is at the top, and never, in the 26 year history of this award has the winning company so closely resembled a one-man show.
Steve Jobs was the charismatic boy wonder who started Apple in 1976 in his garage. By age [...]

My First Week as an MBA Student

Last Monday I began a 2-year MBA program at Brigham Young University, and all of last week I participated in an intensive, full-time introduction to the program. I was thoroughly surprised and impressed by the quality of the teaching and am excited to be able to be able to learn from such high-quality professors.
Some [...]

What is Social Enterprise?

One of the focuses of this blog is “social enterprise”. My good friend, Ward Andrews, recently asked me to define this term and mission of my blog. A social enterprise is a business (for-profit or non-profit) which has a socially driven mission. For example, Adoption.com, is a website which operates a [...]