Remember the excitement as a child when the summer months rolled around? When that last school bell rang, a sense of adventure and freedom was upon us as we looked […]
Difficulty doesn’t discriminate. It doesn’t matter if you have a net worth of $50 million or $50,000. It doesn’t matter if you’re running a multi-million dollar company, or working for […]
Ask any business owner if they’ve ever worked with friends, and you will likely get a yes. How they answer you (with a scowl or with a smile), will determine […]
I remember the sky was the most beautiful & vivid blue. The temperature was warm, but with a feeling of Fall. Like every Tuesday, I buckled in our 4-year old […]
I’m writing this column from Bethany Beach, Delaware, which has been our family escape for 17 years. As we were packing, I checked quite a few times to make sure we had our chargers, my laptop, and my iPad which I loaded with several business books to read.
Fast forward six days… I didn’t read one business book, and I responded to less than 20 emails. Instead, I picked up a great beach read that chronicled how the lives of three very different women interconnected.
I had the privilege of speaking at the National Women Business Owners Corporation (NWBOC – www.nwboc.org) conference last week in Palm Beach, Florida. One of the highlights of the conference (where 200 women business owners came together to learn, share, and connect) was keynote Barbara Corcoran. Barbara is one of the most successful entrepreneurs in the country. She took a $1,000 loan to start her real estate company, The Corcoran Group, which she grew into a $5 billion business. She sold the firm for $66 million in 2001.
Barbara is also a host and investor on ABC’s Shark Tank. During the last three seasons, she has bought 11 new businesses. She is also the author of three best-selling books, and is a regular small business and real estate contributor on all of the major networks.
Like all great entrepreneurs, Barbara’s journey to success has been filled with wonderful lessons. I have summarized them here for you.
Spouses that choose to work together embark on a very unique journey. This arrangement is not a conventional marriage. Two of the hardest things a person can attempt is to build a successful business and a successful marriage. 90 percent of all businesses fail within the first 5 years. The divorce rate (in the U.S.) is now higher than 50 percent. Combine these two endeavors, and you face a lot of risk. There is a lot at stake at home and at work if things get rocky. The levels of expectations for one another are much higher than in a typical business partnership or typical marriage. Consideration must extend much further than, “I have this great business idea, can you help me?”
As a follow up to my January 10, 2013 segment on Washington Business Report (http://www.wjla.com/articles/2013/02/washington-business-report-feb-10-2013-85006.html) on working with your spouse, I’ve interviewed several other business owners who have braved this model to learn what makes it work, and how to avoid trouble in paradise. Rather than giving a simple bulleted list of strategies such as “schedule a date night” or “agree not to talk about marriage at home,” I’m sharing a more detailed behind-the-scenes glimpse of the complexities of this arrangement. If you are currently working with your spouse, or thinking about it, this is an important column for you.
Public and private events of 2012 have challenged many of us emotionally, mentally, and spiritually. As we transition into 2013, I wish you….
Forget the USDA Food Pyramid (at least for the next few minutes). The four food groups that truly nourish us are our Mind, Body, Heart/Soul, and Spirit. When we feed these every day, the rest of life takes care of itself.
Here are specific ways you can feed these four food groups in 2013.
It’s always the right time to live life from a place of gratitude. With Thanksgiving just around the corner, today I reflect on what it means to be thankful as an entrepreneur.