Entrepreneurship Archives

How Self-Made Millionaires Made Their Fortune

Why are there so many self-made millionaires? What are the millionaire businesses that made self-employed millionaires rich? There are many self-made millionaires because entrepreneurship is very important for creating and preserving substantial wealth. Millionaire businesses are typically in dull industries like Auto parts, consulting, real estate development, and others that are not unusually susceptible to economic downturns. Read on to discover the secrets of self-made millionaires.

Tim Ferriss: Business Tips For Entrepreneurs

Do you dream of having your own business? What is the number one factor for becoming successful as a beginner entrepreneur? According to entrepreneur and lifestyle guru Tim Ferriss, the most important thing you need to get successful in business is 1,000 true fans. True fans become your direct source of income and the major marketing force for ordinary fans. Keep reading for Tim Ferriss’s business tips on how to start a successful venture and grow it.

The Infinite Game Quotes Simon Sinek’s Best Passages

Looking for The Infinite Game quotes by Simon Sinek? What are some of the most noteworthy passages worth revisiting? In The Infinite Game, Simon Sinek applies James P. Carse’s concept of finite and infinite games to the domain of business. Games where the players either play to win (finite), or to survive, thrive, and keep playing (infinite). He argues that people who view business as an infinite game are more successful, while those who aim to “win” don’t end up as well-off. Keep reading for The Infinite Game quotes with explanations.

7 Tips for Developing an Entrepreneur Mentality

Do you have a business idea in mind? More importantly, do you have what it takes to make it into reality? There are oceans of people who come up with brilliant business ideas. They all could be successful entrepreneurs if only this one thing weren’t in the way—their mentality. If you have a business idea but aren’t quite ready to start turning it into reality, start by cultivating an entrepreneur mentality.

Who Was Sam Walton? Values & Founding Wal-Mart

Who was Sam Walton? What were Sam Walton’s defining personality traits? Sam Walton founded “The Walton Five and Dime” in 1970 which eventually turned into Wal-Mart. Walton’s personality was one of the major contributing factors to the growth of Wal-Mart. Continue reading if you want to know who Sam Walton was and how he came to found Wal-Mart.

Simon Sinek: A Just Cause Fuels Your Business

Does your company have a Just Cause? What is the larger need—beyond the immediate provision of the product—that your business aims to fulfil? A Just Cause outlines the reason you are in business beyond the provision of any one specific product or service. It provides a context for all the decisions you’ll make and inspires people to work hard and make sacrifices because they believe in the cause. In this article, we will take a look at the characteristics of a Just Cause and how a Just Cause looks like in real-world business.

Ryan Holiday’s Perennial Seller—Book Overview

Is Ryan Holiday’s Perennial Seller worth reading? How do you create a product that will provide value and bring profit for many years to come? Ryan Holiday’s Perennial Seller is light on how to actually create a new product. Unlike other “thought leaders” and experts who are focused on shortcuts to success (social media marketing, raising capital, hacking bestseller lists), Holiday comes at it from a different angle—creating something that will stand the test of time. Below is a brief overview of Perennial Seller: The Art of Making and Marketing Work That Lasts by Ryan Holiday.

A Worthy Rival: Learn From the Competition

Do you have a rival whom you admire in some way? Is there a company that does at least one thing better than you do? How can you apply lessons from them to your own business? In his book The Infinite Game, Simon Sinek emphasizes the importance of learning from your “worthy rivals.” A worthy rival is a competitor who is better than you at certain things, and who can therefore reveal to you ways you can improve, enabling you to better survive in the infinite game. Here is how a worthy rival can inspire you to get better at

The Origin of Wal-Mart: Five and Dime to Superstore

What is the origin of Wal-Mart? How did Wal-Mart go from a small five and dime in Arkansas to a multinational superstore? Sam Walton, the founder of what is now Wal-Mart, opened his first five and dime store in 1950. Within four years, he would open a second store and by 1962 he would own 16 stores. The Walton Five and Dime grew rapidly thanks to Walton’s superior pricing and business sense. Continue reading to learn more about the origin of Wal-Mart.

The Growth of Wal-Mart: Expansion and Low Costs

How did Sam Walton manage to grow Wal-Mart so quickly? What growth strategy did Walton use? In 1970, Sam Walton decided to take Wal-Mart public, which contributed to the growth of Wal-Mart. However, Sam Walton’s strategy of going into smaller towns with less than 5,000 people, keeping costs and prices low, and setting up distribution centers was the real reason for Wal-Mart’s success. Keep reading to learn more about the growth of Wal-Mart and Sam Walton’s business strategies.