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No Mulligans: When Good Entrepreneurs Make Bad Decisions, Joseph E. Levangie
No Mulligans: When Good Entrepreneurs Make Bad Decisions, Joseph E. Levangie
New England Journal of Entrepreneurship
Some of the best entrepreneurs fail early and often. Less talented or less committed entrepreneurs do not even get a second chance. Failure and setbacks, however, can be instructive. What lessons can be learned from these experiences? How can the entrepreneur (and investors) navigate around the potholes on the New Venture Highway? Read on.
Seeking God (In The Details), Joseph E. Levangie
Seeking God (In The Details), Joseph E. Levangie
New England Journal of Entrepreneurship
Entrepreneurs tend to be self-styled “idea” people. They often believe they have the next “Big Concept”—one which could change the world, reaffirm their self-worth, and, of course, make them and their venture team a fortune. In contrast, as they build a company to implement their business dream, entrepreneurs also tend to eschew or trivialize administrative details. Why should they waste their creative juices on minutia? As a result of this insensitivity to detail, these captains of capitalism often trip in their entrepreneurial journey. For example, they might:
• Forget to remit payroll taxes on schedule.
• Fail to document the …