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5 Qualities I Find In Successful Entrepreneurs

Is it intelligence? Is it luck? Is it connection? What does it really take to become a successful entrepreneur?

We have all thought about this looking at the cover of Forbes 500, haven’t we? Or when we notice one business (be it a deli or an accounting firm) doing so well while another similar business around the corner fails miserably. I am on a mission to find out what qualities or characteristics it takes to become a successful entrepreneur – and this is what I have found so far. . .

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16 Top Tips for Awakening Creativity and Innovation

Looking for new ways to get more clients, get a new design or overcome writer’s block?

There are probably more ways to implement creativity than you know. If you have read my previous post, you’ll know that there are two types of imagination – synthetic and creative. Creative imagination creates, totally from scratch (duh!). Synthetic imagination re-arranges. It remixes experience, education, other people’s ideas, sensory input, and stimuli into something fresh.

The previous post covered creative imagination. Here’s a few ways to get your synthetic faculties pumping. Use this during your brainstorming sessions, or in your every day life, in any situation where you would need some great new ideas.

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Tips for Entrepreneur

Google co-founder Larry Page provides several tips for entrepreneurs.

Tip 1: Just don't settle. Especially with employees, it is very important to find great people you are compatible with.

Tip 2: There is a benefit from being real experts. Experience pays off.

Tip 3: Have a healthy disregard for the impossible. Stretch your goals.

Tip 4: It is OK to solve a hard problem. Solving hard problems is where you will get the biggest leverage.

Tip 5: Don't pay attention to the VC bandwagon. Don't start a company just because you can. Instead, have a really good idea that is good regardless of the funding situation.

 
(Video is available on CIEL Video Section )

Taken from http://edcorner.stanford.edu/index.html

7 Open Source Business Models

7 Open Source Business Models

In this article, we examine seven open source strategies that can give your company a competitive advantage:Â

   1. The Optimization Strategy
   2. The Dual License Strategy
   3. The Consulting Strategy
   4. The Subscription Strategy
   5. The Patronage Strategy
   6. The Hosted Strategy
   7. The Embedded Strategy

 Open source presents a large potential competitive advantage for hardware and software vendors, and vendors of complementary or substitute services. Linux has contributed greatly to the adoption and success of OSS. Companies such as IBM, HP, Red Hat, Oracle, and recently, Novell, have invested in, and legitimized the use of Linux for enterprise applications -- including datacenter operations.

Linux-related services deliver more than $1 billion in annual revenue to both IBM and HP. Oracle strongly promotes and likewise derives revenue from the Linux platform, with the so-called "unbreakable Linux" guarantee. In an attempt to catch the Linux wave, companies such as Computer Associates and Peoplesoft are porting their applications to Linux on ambitious timeframes.

 

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Choosing a Business to Start

Two opposite approaches? Or the best of both?

So you've decided to start a business. Maybe you have a brilliant idea, and you're trying to figure out if it's viable or not. Or maybe you're out of work, or just fed up with your current job, and looking for an alternative.
Whatever the circumstances that have brought you to this point, the first question you need to ask yourself is, "Is owning a business right for me?" Are you cut out for entrepreneurship? Not everybody is. The rewards can be great, but so are the risks. And it will change your lifestyle in ways that you may not be prepared for. If you haven't explored this question yet, take a few minutes to review some of the resources in the Becoming an Entrepreneur section.
Once you've decided to walk the entrepreneurial path, the next question to ask yourself is, "What type of business do I want to start?" There are, of course, thousands of choices.
Even things you might think are out of your reach may not be. Short of something like pharmaceuticals that requires enormous research & development budgets, there are virtually no limits: automobile manufacturing, food products, import/export, and many others are open to even the individual entrepreneur. With an infinity of choices, how are you going to decide?

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