Who is entrepreneur
An entrepreneur is a person, who is working on changing the current system for the better. Who is actively fighting against the status quo. It doesn't matter, whether he has his own company or not, whether he is high-tech or not. Not even if the area of change is not even in the business domain. It might as well be in the relationships he's having. Be an entrepreneur. Don't accept the way things are as the way things should be!
Passive income
Every now and then I stumble across a person, who thinks passive income means being paid for something you've done in the past. They think it's like interest payments; you don't have to do anything to collect it indefinitely. Such perception couldn't be father from the truth. I would define passive income as income: that one receives irrespective of time and space constraints (One is free to do the work when he wants and wherever he wants.) AND for which there is no causal relationship between the hours spent working and income. Still, one needs to do the work! If one stops working passive income will sooner or later dry up.
How not to do marketing
A few days ago I stumbled upon this video on LinkedIn. It is a presentation (marketing) video for a German department of one of the largest law firms. I was expecting to see the best marketing practices in action. I was really disappointed. The makers of the video should have known better. Here are the the most obvious failures: 1. Don't talk, demonstrate! Words are cheap. Especially when they come from a marketing department. The only chance a marketer has at conveying the message is by showing the facts. One (and a very effective way) is by showing the relevant work. Of course you can only show a relevant work, if you persistently lived by your words [...]
Contribution and recognition
When we set out to change the world for the better our contribution often gets recognized only months or even years after we've already delivered. And that is if we're lucky! Brightest minds like Nicolaus Copernicus, Galileo Galilei, Van Gogh and Nikola Tesla (to name just a few!) only got recognized posthumously. Truly original ideas challenge the status quo, thereby creating a lot of tension. Society defends against new beliefs by refuting the contribution. One by one, members of society begin adopting a new ideas. After some time the contribution is finally recognized. By this time however the creator has already died, often precisely for his contribution! If not, another person often gets the credit. [...]
