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Musings
Table of Contents:
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Negotiating Tactics
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Is Letting Your Actions Speak For You Always Best?
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What Are Your Rules of Opportunity Recognition?
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Best Practices in Puffery
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Think Quick:What is Your Greatest Fear?
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The Most Important Lesson I Learned In Business School
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Authentic Happiness
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What the Statistics Say About You Succeeding as An Entrepreneur
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Have a Happy New Year
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What Should I Do With My Life?
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I am Engaged
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The Main Difference Between Being Young & Old
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Eighty Percent of Success Is Showing Up (Woody Allen)
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Inspirational Music Can Change Your World...Immediately
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The Working Poor
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The Philippines Are Where You Can Find Opportunities in the Cell Phone Industry
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A Sense of Urgency Will Do You Just Fine
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On Meeting with Ramit Sethi & Randal Pinkett/Crew
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Honesty: A New Paradigm
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Are you ready to Die?
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My Business History: Reflections and Lessons Learned
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Keynoting at CEO Conference - You Should Come
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Random Ruminations on China
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Day 1 China
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I am in China!
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It's Inside of Me! I just know it.
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The Good Life
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Gratitude to My Ancestors
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The Power of Autobiographies
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How to Win at College
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Turning Weaknesses Into Strengths
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On Long-Term Relationships: An Inside Story
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The Importance of Follow Ups
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Any Bloggers Out There?
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I Forgot!
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Will the Real Tony Robbins Please Stand Up
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Finding the People of Your Dreams
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Radical Honesty
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Entrepreneur's Credo via Thomas Paine
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Journaling To Myself About Life
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One Life, One Opportunity
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Power Introduction
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My Spiritual Growth Journey
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Professional Networking Strategies
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Ruminations on Being a Youth Motivational Speaker
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On Hearing Paul Orfalea, Founder of Kinkos
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Spring, Summer, Fall, Winter, and Spring
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Life's Journey Isn't Always By the Book
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Creating a Personal Brand
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The Life of Russell Simmons
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Birthday Note
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Young Entrepreneur Conference
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How People Perceive You Matters!
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My Current Business/Life Philosophy
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The Best Self-Help Books Ever!
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Moving Bottlenecks in Meeting People
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Sometimes I Wonder
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The Power of Religion & Science
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Uncensored Free Write on Life
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My Five-Minute Memoir
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Life's Ups and Ups
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The Tyranny of Choice
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Fixate or Focus
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Time Focus
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To Blog Or Not to Blog?
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Life Update
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A Dog Died Today
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A Fictional Business Bestseller
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Fiction, Here I Come!
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If I Had Schooling To Do Over Again
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The Suave AIM Dis
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Fiction Quirk
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Fiction vs. Non-Fiction
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Psyched, But Afraid
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Titles for Blog Entries
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The Power of Inspiration
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On Meeting with Kaleil Isaza Tuzman
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Attractiveness Tip / Quip
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The "Sell Out" / "Starving Artist" Dilemma
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End of Finals Create New Beginning
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Possible Project
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Amazon.com Lessons Learned
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On Parents and Entrepreneurship
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On Hearing Kaleil Isaza Tuzman Speak
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Things Change
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Not Making a Scene
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Mouse in the House Update #4
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Mouse in the House Update #3
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Google
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Pretending to Work
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Some Things Do Change
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I normally don't forward emails, but...
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On the Road
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Young Entrepreneur's Conference
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LOL (to myself)
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A Close Shave with Time
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Bikram Yoga
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Pieces of the Puzzle Fitting Together
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The Power of Mentors
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The Soon To Be #1 Michael Simmons
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Pursuing That Which We Don't Want
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Fired Up
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How to Make a Global Impact
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Mouse in the House Update #2
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Mouse in the House
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Great Blog Reading
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There Must Be a Problem
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Isn't It Ironic?
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On Listening to the Former Chaiman of the SEC
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Online Networking Tool
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Famous Quote and Response
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The Tenth Commandment
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Overwhelmed with Email
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On Listening to Christopher Reeve Speak
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Is T.V. worth it?
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The Power of News
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The Self-Development Experiments
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Can Blogs Be Honest??
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The Hmuan Mnid
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Mixing Business and Pleasure - Part II
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New Blog Format
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I've Been Very Busy Lately
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Follow Up Calls
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To Give or Not to Give
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Uncertain Times
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Selling Yourself on Success
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Digital Video Revolution
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Paradoxical Pragmatism
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If I had only known
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Subscribe to This Blog
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What you Resist, Persists
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Raw Food Diet Update
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Re-Learning About All-Nighters
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Seeing Potential
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True to the Blog
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Conversation with Best-Selling Author
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Adrenaline
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Tribute to My Mom
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Fall Class Schedule
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Why this journal is important!
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Finding My Passion
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Singing in the Rain
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Relapse
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The Fast Is Over
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Juice Fasting and Detoxification
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Now I Know
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The Results Are In
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Highs & Low
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5 Weeks Raw and I'm Not Dead Yet!
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Getting to the Core
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Jumping Out of Planes
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The Extra-Ordinary Road
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Changing the World
June 29, 2006
Negotiating Tactics
This has been a really big year for me in terms of negotiation. Specifically, I've negotiated a book packager, ownership, partnership, and multiple work-for-hire agreements.
When I negotiate, my goal is to get the best deal that I possibly can on terms that will motivate the entity that I'm working with for the short- and long-term. When I think about a negotiation, I see the following chart in my head:
Each party has their lower limit on how far they're willing to be pushed. If they go below that limit, it often means that they entered into a bad deal that will not motivate them, or they didn't really have a choice. The area in between the lower limits is where the potential for mutually-beneficial, voluntary exchange exists. Below are some of the best practices I've gathered from the mistakes I've made this year: - Always Introduce Competition. Once you find a company or individual that seems like a good partner, it's tempting to be lazy and just start negotiating with them. It is critical to bring in their competitors so that:
- You know what your other options are.
- They know that they can't push on certain points.
- They have an added threat if they do not work with you.
- They have an added incentive to work quickly and not drag you along.
I used to think that I would hurt people's feelings if I did this, but I think that this is just how business works and most professionals understand this.
- Know Your F-You Point. Being able to walk away from a deal gives you extraordinary power.
- Build Trust By Being Honest. Trust is key. If you don't trust the other party, you will spend a lot more time negotiating and with legal fees. Furthermore, as a small business person, a contract only protects you so much. When you have a negative net worth, it is often too expensive to enforce a contract of someone who cheated you.
- Understand Everything. As a young entrepreneur, it is tempting to get stars in your eyes when you're working with a big company. When somebody says this is "typical in this industry", I think the worst thing you can say is, "ok". When you say that, you essentially bypass your own logic. It is important to understand ALL the parts of a deal and enter into an agreement that makes sense to you. The second you bypass your own logic is the second you open yourself up to being taken advantage of or entering into a deal that doesn't make sense. The devil is in the details!
Posted at 12:44 PM
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May 26, 2006
Is Letting Your Actions Speak For You Always Best?
Sheena and I are writing a new, short e-book, and I solicited the advice from some friends. Below is one response I received: Guys, this is AMAZING. Talk about passion and authenticity and putting it all out there. Get this ebook out ASAP and let me know how I can help you do so. Absolutely fantastic, inspiring stuff and great advice.
Maybe you do this already, but what you wrote in this ebook, you should speak verbally everyday and at every meeting and with everyone you meet. Speaking like that, who the hell could possibly say no to you?
I think this ebook is a bold stand and I congratulate you on it. I would love to see you take this bold stand every day. Michael, I often see you as shy and not pushy, which is ok. It is not good or bad. But I feel that being shy or "not loud", hinders your ability to get your message out quickly and efficiently to as many people as you want. I feel that you did NOT hold anything back in this ebook, I felt your passion. When we talk though I feel as if you don't lay it out all there, you hold back in a reserved manner, which limits the expansion of your possibilities and passion.
What you wrote is great and YOU know it. Act like you KNOW it, when you are talking with sponsors and advertisers and you will be UNSTOPPABLE!!!!
Below is what I wrote back:
Thank you so much for your thoughts!!! I really appreciate your honesty. I completely agree with you on this. It’s weird. My public speeches are more like my writing. But, but personal one-on-one is different and I have a barrier to changing it because that’s “me”. That’s who I’ve always known. However, I’m very open to changing as I can see lost opportunities I've had from not fully expressing myself.
At some level, I think we both suffer from this. We are both nice, laid back guys with good characters who like to let their actions speak louder than there words. Also, for me, I used to be afraid to share my accomplishments, because I didn't want to seem like I was bragging. Plus, I was afraid of failing and didn't want to give people cannon fodder for my way down. Should we change how we express who we are? Maybe we should. I don’t know. What do you think? How could we support each other in this growth? It seems like there is a subtle line between "selling out" and "selling in" that people sometimes mistake. Often people think that self-help books are "fake" because they change who are are. I disagree. I think personal growth is about becoming more of who we really are or have the potential to be. Although, it involves leaving behind an old way of being, it is very much different than "selling out".
I was never a sales person, speaker, or writer. If I told my teenage self that I would be doing these things today, I would been rolling on the floor laughing. Now look at me. Look at the opportunities becoming these have created in my life. I recently was listening to a Patrick Combs seminar where he stated his belief that the way to find a passion is not by discovering it, but by choosing it. I've never thought of it this way before, but I would say that my experiences definitely show this to be true. Nothing in my past told me what passions would be. I chose them just like I'm choosing a new way to express myself to the world.
Posted at 11:52 PM
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May 07, 2006
What Are Your Rules of Opportunity Recognition?
I just listened to a great interview on Venture Voice with Fabrice Grinda.
One part of the interview that I really liked was when Fabrice talked about his nine rules for recognizing business opportunities. My personal philosophy revolves around the chart below:
I want opportunities that align an economic opportunity with my passions and strengths and lead toward my vision. This chart was adapted from the hedgehog principle in Good to Great, which was a tool that good companies used to become great.
Below are my personal rules for aligning business opportunities: - A Relatively Uncompetitive, Slow-Growth Market That Could Benefit from New Technologies. I'd rather be in a market where my competitors are set in their ways and don't see the potential of the Internet. If I were to choose a quickly growing market, I'd probably be competing against lots of really smart people in a winner take all market and need to raise a lot of capital just to compete. Personally, I'm interested in building a lifestyle business where the core values can be continuously be followed. A barrier to entry in this market is having to fight cultural resistance to change.
- Bootstrappable. I want to build a company that lasts for a long time and where I have the decision freedom to operate around a vision and core values. With that said, I want to be able to get into the business without giving away controlling equity to outside investors and I want to be able to grow the business at a pace where outside investors are not required. The downside of this approach is slower growth and probably less prestige.
- Scalable. I want to be in a business where I can scale the impact and the profit.
- Based on Strengths. I want to be in business where I can leverage one or more of the following strengths: knowledge/contacts/brand in internet technology, book publishing, speaking, and entrepreneurship education.
- Based on My Passions. Makes a large, lasting difference and where I can have a lifestyle that allows the maximum personal growth.
What are your rules for recognizing opportunities in your life?
Hat Tip: Dan Koifman for pointing me to the hedgehog principle. He has a great blog entry with activities you can do to recognize opportunities in your own life.
Posted at 06:06 PM
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April 02, 2006
Best Practices in Puffery
One of the hardest parts of starting a business is getting those first customers. Without a long track-record, potential customers may not want to take the risk of you going out of business or of you not providing top-quality service. Some practices that I've seen over the years are: - Use 'We' instead of 'I'
- Have a live person answering your phone calls
- Have a professional-sounding address
- Have a 1-800 Number
- Have an older person recording for your voice mail greeting
- Spend extra $ on touch points (business cards, brochure, letterhead, etc.)
- Wear corporate-style clothes
- Apply for awards
- Ask for testimonials
Personal Gripe: When talking with another entrepreneur, hold back on the puffery!! They can see right through it!
Posted at 03:06 PM
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February 27, 2006
Think Quick:What is Your Greatest Fear?
About seven years ago when I was in high school, a close friend asked me, "Why do you go after so many pursuits? Do you think it is based on an insecurity?" I remember being very offended, but I coolly responded that I just enjoyed doing big things.
Two years ago, another friend asked me, "What is your deepest fear?" For some reason, I decided to ignore my internal censors and respond with my first thought. To my surprise, the thought was, "Being insignificant."
Although both of these were short moments in a life of many moments, they've stuck with me because they've rung true at a deep level. Still, I kept in my old habits of thinking, even though I knew at some level, they weren't what I really wanted.
Now, for the first time, for reasons I don't fully understand, the body has begun to start to let go of this fear. As a result, I can actually picture a life where I'm happy despite not being the biggest this or the most well-known that. This is a first for me, and quite frankly it feels like an incredible weight has been lifted. Some of the symptoms of the fear were: - Always being 'busy' and feeling guilty if I wasn't doing something, even if what I was doing was unproductive.
- Being jealous of people who had big accomplishments.
- Being stressed that I was 'behind' where I should be.
- Defining myself by the things I was going to achieve in the future.
Perhaps, the questions my friends asked may ring a bell with you too: - Why do you go after so many pursuits?
- Do you think it is based on an insecurity?
- What is your greatest fear? (what comes to your mind first?)
Posted at 09:36 PM
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February 15, 2006
The Most Important Lesson I Learned In Business School
The most important lesson I learned In business school is that the best way to maximize profit is to do business in imperfect markets. When markets work perfectly, a zero profit condition occurs where competition pushes profits to zero.
How Markets Fail
The four ways markets fail are: - Information Assymetry (i.e., see Rothschild example below). When one side of an exchange has more information than other.
- Monopoly/Monopsony (i.e., patents, copyrights, Wal*Mart). When there are many buyers but only one seller (monopoly). When there many sellers, but one buyer (monopsony).
- Network Externalities (i.e., fax machines, telephones). When the more people that use a product/service, the more valuable it becomes or when companies can externalize a cost
- Public Goods (i.e., radio waves, public space). Property of the government that certain companies can use.
Below is an example of information assymetry: In the early 19th century Rothschild set up a Europe-wide network of messengers and carrier pigeon stations, gathering information that could affect his investments. He soon garnered a reputation for being first with the news. In June 1815, when the Battle of Waterloo was being fought, other speculators watched Rothschild's stocks in an attempt to guess who would win. Shortly after the battle ended, and long before anyone else knew who was the victor, he began selling stocks. Everyone assumed this meant Napoleon had won and Europe was lost. Panic selling ensued. When prices crashed, Rothschild bought everything in sight. [He made his fortune when news came that Napoleon had actually won and the stock market had risen!]. (Wikipedia) Other examples are: - Wal-Mart's ability to negotiate low prices from its suppliers because of its buying power (Monopsony).
- An invention being given a patent so nobody else can compete with it for 20 years (Monopoly).
- GE saving money by dumping PCBs into the Hudson River, making the river unfishable to this day. In so doing, it essentially pushed the costs outside of its network and to the local fishing indstustry (Network Externalities).
- Getting access to public goods such as radio waves and television waves (Public Goods).
Each market failure produces its own issue of ethics. In fact, I learned about this concepts from my corporate social responsibility class.
Plan English
All of this is to say, when choosing a career, I really think it is worth searching for the 'right' opportunities, that is market failures. While certain career paths are "hot", that just means you'll have more competition. From my experience, many of the 'real' opportunities in markets are not talked about by the people profiting from them, because they have an incentive to keep quiet and not let other people in.
I'm sure there are many ways to capitalize on market failures, but here are a few that have worked for me in my career: - Find a mentor in the industry/profession you'd like to enter who trusts you, isn't threatened by you, and who is willing to give you the keys to the castle.
- Be willing to try new things others aren't trying and consequently be an early adopter/innovator.
- Explore opportunities that are uniquely suited to you, but where others have barriers to entry.
Posted at 07:35 PM
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January 29, 2006
Authentic Happiness
http://www.authentichappiness.org is a great site about happiness run by UPENN professor and founder of positive psychology, Dr. Seligman.
Posted at 08:00 AM
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January 05, 2006
What the Statistics Say About You Succeeding as An Entrepreneur
Source: Redefining Business Success
Posted at 04:50 PM
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January 02, 2006
Have a Happy New Year
The New York Times has a great Op-Ed about Happiness called In Pursuit of Unhappiness. The article points to studies that show that self-reported happiness in Europe and the US has been stagnant since the 1950s when the study started.
I'm reading an interesting book called, Happiness: A History, which examines happiness in a Western context throughout history.
Hat Tip: Charlie
Posted at 06:12 PM
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What Should I Do With My Life?
What Should I Do with My Life? is the best book I've read in 2005. Po Bronson interviewed over 900 people, and narrowed these down into authentic, relatable, and inspiring stories.
If you're looking for positive, how-to advice this book isn't for you. Some of the stories end on a high note, while other don't. However, each has a powerful life lesson to learn.
Posted at 01:18 AM
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December 16, 2005
I am Engaged
5 years after meeting each other, 4 years after moving in with each other, 3 years after becoming business partners, Sheena and I have gotten engaged! I look forward to sharing the rest of my life with her.
Posted at 08:10 PM
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December 11, 2005
The Main Difference Between Being Young & Old
When you're young, your parents and teachers provide you with welfare. If you fail, they fail. Teachers are paid to think about your needs as a learner. Parents have a social and moral obligation to take care of your economic and developmental needs as a child. What this means is that most children get spoiled and they think everything is about them.
Kids can act up in school, and teachers will still teach them. Kids can act up with their parents, and their parents will still provide them with a roof over their head. After graduating from college, life changes. If you fail in a career or relationship, nobody else fails.
As an entrepreneur, I have to almost exclusively focus on other people's needs in order to get their attention and interest. Especially living in New York City, people are overworked and constantly behind. This means that getting them to do something as simple as return an email or phone call can be challenging. The situation isn't much different if you're an employee.
While my ego liked being the center of the world as a child, I think it feels better in terms of self-respect to be self-sufficient and thinking about other people's needs. If anything, I wish I had this mindset when I was younger.
Posted at 03:26 PM
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December 07, 2005
Eighty Percent of Success Is Showing Up (Woody Allen)
Our business has really been improving. Why? I could say it is because, we're: - Having company meetings every week instead of every month or two.
- Focusing on short-term cash flow.
- Being more direct with people we work with.
- Making sales calls everyday.
However, I think the real reason is that we're putting in full days on what NEEDS to be done, not necessarily what we WANT to do. In other words, we've elected for the gratification that comes from holding ourselves accountable and getting results instead of the pleasure that comes from talking a big game and working hard on what we want to do.
The difference between gratification and pleasure is subtle, but it's everything. What's more important to you?
Posted at 06:53 PM
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November 22, 2005
Inspirational Music Can Change Your World...Immediately
I often use music to motivate and inspire myself. It is a fascinating phenomenon that the right song can immediately take you from unmotivated to the top of the world! Here are some songs that work for me: - Survivor, Destiny's Child
- I Believe I Can Fly, R.Kelly
- Through the Wire, Kanye West
- Lose Yourself, Eminem
- Let's Get it Started, Black Eyed Peas
What are some that you would suggest?
Posted at 10:42 AM
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November 18, 2005
The Working Poor
This last Tuesday was my birthday, my 24th to be exact. Quite honestly, I was a little down. However, today I was reflecting on my life experiences, and I'd like to share one memory related to birthdays, which made my malaise seem insignificant.
When Sheena and I lived in Spanish Harlem, New York City, I once spent a few hours with a neighbor of mine. She graciously invited me into her apartment and offered me cake, cake she had baked for herself for her birthday the previous day. As I talked with her, she told me how she had collapsed at work on her birthday from exhaustion and had to go to the hospital. You see, she works two jobs with the dream of bringing her children (who she hasn't seen for years) over from Trinidad. She is about the nicest person you could meet and never once complained about it or asked for pity.
Experiences like this, hearing stories of young people in Tanzania begging (not for money, but for bottles to hold watter in), reading books like Nickled and Dimed, and learning about the working poor in general, have broadened my awareness of what the world is really like for most people.
The next question is, "What should I do about it?!" What do you think our responsibility is?
Posted at 07:54 PM
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November 15, 2005
The Philippines Are Where You Can Find Opportunities in the Cell Phone Industry
While at a conference recently, I had the opportunity to speak with a very successful entrepreneur from the Philippines, Jay Bernardo. Below are some bullet points from the conversation: - 80% of the people live in poverty.
- The minimum wage is $6.00/day.
- There are more people using SMS in the Philippines than all of Europe. In fact, the poor spend 25% of their budget on cell phones.
- Not surprisingly, their cell phone technology is way ahead of us.
- There are more cell phones than land lines.
- There are 80 million people living in the Philippines.
- Cell phones are the #1 industry
So, if you're looking for opportunities, consider trying to learn about what's already working in the Philippines and bringing it to the USA at the right time.
Posted at 10:01 AM
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A Sense of Urgency Will Do You Just Fine
Having a business during college is very different than having one after it. Below are some of the differences I've noticed: - Before I felt ahead of the pack. Now with friends working at prestigious firms and making up to six figures, the tables are turned on some levels.
- You have to pay for health insurance and it's not cheap. You will probably pay somewhere between $200 and $500 a month if you go on your own plan.
- You take the risk of being "unemployable" for many traditional firms. Essentially, if I were to keep on this path for the next 5 years and an traditional employer were to look at my resume, they would run the other way and look at me as somebody they couldn't manage. At the same time, I may have more opportunity with smaller firms related to my industry of expertise that I already have contacts with. I've seen this "unemployable" risk mitigated by other twenty-something entrepreneurs by getting advanced degrees.
- In the back of my mind, I'm fearing not being financially secure by the time I want to have children. Even farther back, I'm thinking about horror stories of people who've worked in their business for 40 years, but who weren't able to save money for a pension and who led stressful lives for a small business that never took off.
- I'm realizing the value of micro-enterprise loans and SBA-backed loans.
- All of the points above add up to one positive that outweighs all the negatives in my mind. I now have a new sense of urgency, which is forcing me to confront and drop negative habits. I think the progress I've made as a young executive over the past few months probably equals the growth of the past few years. That's probably an exagerration, but that' what it feels like.
Posted at 02:56 AM
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November 13, 2005
On Meeting with Ramit Sethi & Randal Pinkett/Crew
On Thursday, I took a successful trip to Manhattan to meet with a young & successful serial entrepreneur and to watch a screening of the Apprentice with four of its cast members.
First, I had lunch with Ramit Sethi. The introduction was skillfully set up by Ben Casnocha with the following email cc'd to Ramit and I: Michael and Ramit,
You are both extraordinary guys who should know each other.
Ramit - Michael is a friend of mine in NYC who's probably the same age as you and who's doing some very similar work around financial literacy/personal entrepreneurship and recently kicked off a speaking tour across college campuses. He also published a book, The Student Success Manifesto. See more at his blog http://successmanifesto.com/blogs/young-entrepreneur/.
Michael - Ramit Sethi is a successful entrepreneur, speaker, and soon to be author who writes the popular blog : http://www.iwillteachyoutoberich.com/. His personal site is: http://www.stanford.edu/~ramit//
You two have a lot of common. I hope your trip to China is going well!
Good luck.
Aloha,
Ben Casnocha
Founder, Comcate, Inc.
Transforming Local Governments' Customer Interactions http://www.comcate.com
e: ben@comcate.com / ben@casnocha.com
p: (415) 517-1547
w: http://www.casnocha.com Ramit and I had a great hour and a half meeting exchanging ideas and contacts. I think we will see a lot of each other in the future.
After the meeting with Ramit, I went to Starbucks to kill time for a few hours. In the evening, my friend, Rich, and I went to a screening of the Apprentice at Stern NYU that my mentor and former professor, Jeffrey Robinson, set up. Professor Robinson is also best friends and business partners with Randal Pinkett, one of the favorite's of this season's Apprentice. Randal was at the screening along with four other cast members. It was a great time and it was interesting to see how the way people were depicted on the show was much different than they seemed to be in real life.
Randal and I met about a year ago. He is a hardcore entrepreneur as well as a Rhodes Scholar and MIT phd. Out of all the people I've ever met in business, his character is certainly one of the best and he is an inspiration for me.
Posted at 11:01 AM
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October 31, 2005
Honesty: A New Paradigm
Speaking at CEO was a success and a lot of fun! Probably 25% of the students had started a business before and most of the rest were extremely interested in starting one. Having conversations with others afterwards was EXTREMELY exciting. I really enjoy talking about passions with other people.
At the conference I had the opportunity to co-present two workshops with John Hughes. John is a 78-year-old, serial entrepreneur and arguably the single largest individual funder of youth entrepreneurship in the world. In 1991, he sold a business for $100 million that he owned 25% of. I respect him the most for his honesty. He has so much money that he doesn't care at all about pleasing other people or being "politically correct". It is very refreshing to hear him talk even if I disagree with some of his points. His candor has played a large role in the development of my style over the past three years.
I tested two different models for the two workshops on the same topic. The first one focused on the successeses. The second one touched on the successes, but was also very forthright about the mistakes and the feelings about them. While both presentations went great, I think the second one went much better as probably 4 times as many people came up to me afterwards. Somebody even tracked me down to say that he had spoken with some other students and they thought I was too hard on myself.
Although it was very challenging to talk about credit card debt or scraping together food or painful mistakes I had made, I think that honesty really disarms people and builds trust. It is amazing how effective this technique is for improving communication.
Posted at 05:06 PM
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October 25, 2005
Are you ready to Die?
If you want a good life, I'd recommend taking the following steps: - Get good test scores by taking test prep courses.
- Do what the teachers say and do it well (for good grades).
- Get into a good undergraduate and graduate college.
- Get into a good job.
- Repeat step 2 (replace teacher with boss).
- Get promoted.
- Save your money.
- Retire.
If you follow these steps you will probably have a good lifestyle, be financially secure, live in a safe suburban community with little league, bring up good kids who go to good schools, take a nice vacation once a year, etc. There is nothing wrong with this.
However, there is a group of people that live amongst us who probably could think of nothing they'd rather do less. Some of these people would rather eat ramen noodles in their friend's garage, take heavy discouragement and even exclusion from family, work 70 hours a week, get paid less than minimum wage, and risk bankruptcy for their dream. At a more extreme level, some members of this group will even risk their life for a cause they believe in!
If sociologists from another world were to look at this, they'd surely investigate more. Why does this group do what they do? What drives them? How did they get this way? The scientists would be surprised to find that many of these people aren't super-smart, super-rich, or super-attractive. In fact, in many cases, they're the opposite. They'd watch them in their daily routines and even be more perplexed. They have parents, hang out with friends, and have cereal in the morning just like everybody else. But, something is different.
I know not what drives me or where it drives. However, as I go farther out into sea, I'm losing sight of the shore. I know things will not be getting easier from here on out. I'm OK with that. In fact, I love that.
The greater the challenge, the greater the courage that arises. Laugh at us now or call us heroes later. It doesn't matter. Our definition of self and success is not a thermostat of changing times, it is a thermometer for changing times!
Posted at 11:24 PM
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My Business History: Reflections and Lessons Learned
I've been an entrepreneur since 1998, when I was 16 years old. Since then, my passion for entrepreneurship has been all consuming. This blog entry takes an candid look at my entrepreneurial experiences and shares my reflections on them.
Between our sophomore and junior year in high school, my business partner and close friend, Cal Newport, and I co-founded a web development company. We started off doing the work ourselves and then began outsourcing to India. We charged our clients $75/hour and the web development team in India charged us $25/hour. So, we made $50 for every hour the team in India worked. Things were going great until the bubble burst, our MBA CEO left the company to start a competing company, and my partner and I left to go to college. We tried to pick things up, but it never got off the ground again.
While I was disappointed, I realized how the experience had dramatically changed my life. At the same time, I realized that the entrepreneurial way of thinking was not talked about at all in school and if anything was discouraged. One night I wrote an manifesto called the "student entrepreneurship manifesto", which I sent out to many of my friends. I got great feedback and also started receiving emails from people in other countries who enjoyed it.
In my sophomore year (2002), I decided to take the spring semester off and write a book developing the ideas of the manifesto. I shared my ideas with Sheena who had similar ideas of her own. We had nightly discussions that lasted hours as we refined our ideas into what eventually became known as Extreme Entrepreneurship. The book eventually came out in August of 2003. Sheena and I officially co-founded Extreme Entrepreneurship Education, LLC in April 2003 and we've been working on it ever since part-time, until we took the full-time plunge a few months ago.
With that said, below is my financial history from these two businesses:
After looking at this chart and reflecting on my experiences, the following things come to mind for me: - A J-O-B would have made me more money. If I had spent the same amount of time on a paying job (even one paying minimum wage), I'd be doing very well financially right now.
- A J-O-B almost definitely wouldn't have given close to the same... branding, networking, knowledge, and character-building.
- I don't regret a thing. I made a huge amount of mistakes and have thus learned quite a bit. I think I've learned more from my entrepreneurial experiences than from my academic ones. In that regard, the entrepreneurial experience was much cheaper! At the same time, over the past few years, Sheena and I have built the foundation of Extreme Entrepreneurship to the point where it is poised to grow very quickly over the next few years.
- I don't feel like a risk-taker in the least bit. For me (everybody is different), it would be much greater of a risk to do something that I wasn't passionate about. When I look back on my life, I want to see somebody who has lived their life to their fullest, someone who has unwaveringly followed their inner voice (the good one, of course). To me, doing anything else is a risk.
- Markets can make dumb people look smart and smart people look dumb. Cal and I made more money off of web development working less time than Sheena and I have made off of Extreme Entrepreneurship even though we have more experience under our belt. At the same time, Sheena and I made the decision to go into an industry that was less profitable than other opportunities because it matched our values and interests in making a social impact.
- My Interests in Entrepreneurship Have Changed. My initial goal with entrepreneurship was to make a lot of money. Over time this has been superseded by the lifestyle benefits it provides, the ability to control how I think and spend my time, and the ability to build the company around our values.
- Entrepreneurship is more of a mindset than about starting and running a business. Ultimately, an entrepreneur is an employee of his/her company. As the company grows, the founder's position gets closer to that of a traditional employee at any company. At the same time, I think there are a lot of opportunities to join outside companies in very entrepreneurial roles.
- Starting in School is the Way to Go. I think that starting in school is definitely the way to go if you're interested in entrepreneurship. You have the student, faculty, and alumni resources of the school at your disposal and many of your living expenses are taken care of. Upon graduating, you must deal with student loans, health insurance ($500/month), rent, and other living expenses. What this means is that if you want to start a business after graduating, you will either have to become profitable very quickly or take on a fair amount of debt so you can grow quickly to the point of supporting yourself. If you start in school, you have the leeway to grow slowly and organically and have a foundation by the time you graduate. Furthermore, you will have a great of practical knowledge on entrepreneurship, most of which a traditional job could never teach you. This will make future ventures less risky. I've met many people in their thirties making very basic entrepreneurial mistakes, but now they have much more to lose.
Posted at 09:37 PM
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October 21, 2005
Keynoting at CEO Conference - You Should Come
I will be delivering a keynote address at this year's Collegiate Entrepreneurs' Organization (CEO) Conference in Orlando that goes from 10/27-10/29. Every CEO conference I've attended in the past has had over 800 students and has been extremely worthwhile. If you can go, I would highly recommend it.
Posted at 09:18 AM
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October 20, 2005
Random Ruminations on China
I'm back from China and had an incredible time! I really enjoyed myself. Below are some ruminations: - Many people who work in factories stay in dormitories at the factory. During the Chinese New Year, all work in the country practically comes to a standstill for three weeks as people visit their families.
- Many of the people who spoke English, have a British accent as well as a Chinese accent.
- People who work for an American company in China are called expatriats. They are often treated extremely well and have a huge home with a driver and maids.
- I was about 10 times more attractive in China. Many females, probably a few a day, told me that I was very handsome. Also, I noticed many looks. I don't get this in the US. It is interesting how attractiveness can change so much depending on the country.
- People are very nice, at least the ones I met.
- Students take one examination before they graduate high school and this one test determines what college they can get into.
- Coming to America is extremely difficult because it is expensive for the plane flight (about the equivalent of $10,000-$12,000 for them) and because the American Consulate will often not grant a Visa.
- I’m used to seeing national communities in NYC with Little Italy, China Town, and Spanish Harlem. However, it was funny to me that there is an American community in Shanghai where most people and stores are American. I have a new understanding of the importance of these communities.
- When negotiating in markets, start with your initial price at 1/10 of what they ask.
- To communicate with business leaders in China, an interpreter is often necessary. This slows down conversation by 50% and a lot of nonverbal cues and timing are lost. Humor is difficult.
- Massages are dirt cheap. At one place I visited, a 1-hour massage was the equivalent of $5.
- There were 30 million Chinese killed in World War II at the hands of the Japanese. There is a still a bad feeling of the Chinese toward the Japanese.
- Young woman holding hands as they walk is very common.
- It is uncommon to open a gift right away when given it. This is a Western practice.
- 95% students are from single family homes as a result of limits on the number of children that parents can have.
- When introduced in front of an audience and the audience is clapping for you, it is common to lightly clap as well.
- There is a city in China with over 30 million people. New York City, America’s largest city, has a little over 8 million.
- I often heard that the three things China is most proud about are: Hard work, Rich Cultural History, and Face (self-dignity).
- People’s teeth seemed to be more crooked or stained than in the USA. I don’t know if this is because the culture doesn’t value the appearance of teeth or because it costs too much.
- All my meals were served in a dim-sum fashion with at least 6 plates of different food and everybody sharing. People used the same chop sticks they were eating with to take food from the large plates.
- The difference between the East and the West is perhaps most pronounced with communication. If you go to any major city in Europe, you’ll probably be able to get around pretty well and find people who speak English. In China, everything seemed like gibberish including numbers.
- Shanghai has similar temperatures to that of the South of the USA
- Cabs have no seat belts.
- Many, many people ride a bike in the city and there is a separate lane for them on the streets.
- The pollution in Shanghai was very high. Most of the other foreign CEOs had burning sensation in their throats the first few days.
- ABC = American Born Chinese
- Just as someone from Asia who talks about spirituality or alternative healing automatically has some level of credibility in the West, so to does an American business person have a lot of credibility right off the bat. There is huge potential for self-help literature.
- There are over 6,000 Chinese characters in their written language.
- Across China, the written language is the same. However, the dialects are very numerous and they’re also extremely different to the point of it being impossible to understand somebody else with a different dialect.
- As a result of labor being so cheap, there were many people providing extra services. At the hotel, there was somebody to open the door for you when you arrived, somebody to carry the luggage to your room, etc. Also, at the hotel, there were people actually weeding the grass by hand!!!
- Popular web sites in China for youth are:
Posted at 11:55 PM
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October 14, 2005
Day 1 China
I am now at the Radission in Hangzhou. Below are some ruminations on the trip so far: - I had the opportunity to speak with two senior college students from China for aobut two hours today. In terms of mindset, students in China seem very similar to the USA. One thing I thought was interesting is that about 10% students are handpicked by their teachers and advisors to be part of the Communist party. Angela, the student, I spoke with said that it was an honor and that some of the key beliefs (roughly) are:
- Love for one's country
- Helping others
- No belief in religion
- At one point she asked me what happens in the USA when everybody votes for one person. This showed me that we're coming from completely different frameworks regarding politics. I want to learn more.
- Angela asked me which country I thought was more stable, India or China. She was very surprised that I said, India.
- I've met a few Americans that live in Shanghai and help companies move here. Seems like they're doing very well as many Americans see opportunity, but don't know anything about China.
- I heard today that China's middle class is about 10% of its populaition. This means that an astound percentage are from a lower class. What does it mean to be lower class in China? I know that I'm going to really, really enjoy my stay here. However, I know that going from 5-star hotel to 5-star hotel isn't going to give me a real view of China.
- Talking with the CEOs from CEO Clubs is a lot of fun, and I'm learning a lot!! Many of these people started companies when they were my age, so it's interesting to see the trajectory their careers took.
We meet the Chinese CEOs tomorrow!
Posted at 03:47 PM
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October 13, 2005
I am in China!
I just got into Shanghai last night and will be here for the next 8 days with CEO Clubs in China. During our trip, we are going to a business conference, a fashion show, and doing sight seeing - all of which I'm extremely excited by.
There will be 20+ American CEOs and 100+ Chinese CEOs interested in doing business with each other. The idea is that big business in the USA has already penetrated China. However, small- to mid-size firms haven't really and the Chinese government is very interested in changing that.
I'm here as a result of being an alumnus of the National Foundation for Teaching Entrepreneurship and am extremely grateful. I'll share updates on the blog!
Posted at 10:39 PM
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September 29, 2005
It's Inside of Me! I just know it.
In Helen Keller's autobiography she talks about how her early childhood was filled with temper tantrums. Even though she didn't know what traditional verbal and nonverbal communication were, she knew that she couldn't fully express what was inside of her.
This really touches me, because I feel the same way. I feel that there is something and inside of me impatiently thirsting for expression. My personal and professional accomplishments are partial expressions of this, but, I feel like there's more, so much more. I just don't know what IT is or how to fully quench its thirst.
All I can say for sure is that I'm listening, ready, and willing.
It is my prayer that my life and that of others can be an expression of that which rests inside of us.
Posted at 06:20 PM
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September 21, 2005
The Good Life
I don't want to have a good life. I don't want to get drunk on weekends. I don't want to watch TV. I don't want a safe job that I don't enjoy. I don't want to be paralyzed by fear, anger, disillusionment or any other feelings. And, I don't want sugar, McDonalds, or any of that stuff.
I want to do what my conscience tells me, at any cost, even if I suffer and even it involves losing my life someday. Over the last few months from personal experiences and from studying people I admire via autobiographies, I've come to realize what I must give up. I've begun to realize how difficult it will be to do that, and my body has balked. I've gone back-and-forth only praying that I somehow will muster up the courage to live the life I want to. For the first time, everything inside of me knows that I will live that life.
In the end, one of the things that saves me is knowing that I could never forgive myself otherwise.
A year ago, after attending a 10-day silent retreat, I realized that I could be broken. That was scary. Now, I must push myself to that level repeatedly. I don't know what happens beyond the breaking point, but I want to. I've gone from being atheist to agnostic to now believing in God. I hope that God will give me the strength to follow this journey wherever it may lead.
It starts Today! It starts now.
Posted at 02:26 AM
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September 18, 2005
Gratitude to My Ancestors
I'm here, but barely. My ancestors have all been the victims of injustice and even extermination as a result of being themselves; Jewish, Black, or Native American. When my grandparents were my age, they were in concentration camps. Their whole family - brothers, sisters, and parents - had been destroyed. The only way my grandmother survived was by risking her life to steal potato peels. My grandmother on my father's side marched in the civil rights movement to gain basic rights and moved to New Jersey where my father was the first one in his family to graduate college.
Today, for the first time in my life, I realized at a core level the sacrifice my ancestors have made to survive and to ultimately give me the opportunities I have today. They succeeded so much, that for my entire life I've felt disconnected from their struggles. My mom's beckonings for me to remember my past have fallen on deaf ears as I wanted to look only to the future. I've never felt the need to fight for basic rights or money to survive, because I haven't had to, having grown up in a middle-class, predominantly white, suburban community.
I hope that someday, after I've passed on, my grandchildren will tell their children how their grandparents struggled not against an external oppressor, but against themselves - their fears, their disappointments, their feelings of inadequacy - to make a large, lasting positive difference not only for their family, but for the world as a whole.
I hope.
Posted at 06:09 PM
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September 12, 2005
The Power of Autobiographies
I've long been a reader of self-development and how-to books. I love the fact that you can have almost any goal and find books by people who've accomplished it and that tell how you can too.
I've now begun to appreciate autobiographies as well. Good ones provide an honest (albeit biased) and open retrospection of the author's life. They are entertaining, provide a new perspective on history, and are extremely valuable for understanding how great people think and the path their lives took. Recently, I've read the following books: - Gandhi An Autobiography: The Story of My Experiments With Truth
- The Autobiography of Martin Luther King, Jr.
- A Life In Leadership: From D-Day to Ground Zero
These books have given me the inspiration and determination to make some very large changes in my life, which I'll write about in a future entry. If you know of any great autobiographies, send them my way!
Posted at 08:14 PM
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September 02, 2005
How to Win at College
If you're in college, about to be in college, or know somebody who is either one of these two, then you should immediately read How to Win at College. Written by my good friend and former business partner, it is extremely powerful. Cal interviewed many of the country's top students and distilled their wisdom into counterintuitive, punchy, and specific ideas that can all be read in one sitting. I've purchased many copies of the book for friends/acquaintaces and they've all been raving about it, even people who I thought would dislike it. Even though I read it after I graduated, I still found it it very applicable to my life. Check it out on Amazon.com.
Disclaimer: Although Cal is my good friend, I would not recommend something this strongly without really, really believing in it!
Posted at 01:26 AM
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September 01, 2005
Turning Weaknesses Into Strengths
Last Monday, I had one of the most important business dinners I've ever had. Things were going well until, half way through it, one of the guests asked, "So, what does the young entrepreneur have to say?" All the heads at the table quickly turned to me and multiple side conversations turned into complete silence.
Taken aback, my mind froze like a deer in headlights, not even letting me scan through possible things I could say. I looked down at the table and started to smile trying to buy time or sympathy...No such luck. The situation had not changed.
After a few moments, I saw somebody's mouth open (presumably to change the subject), and thought to myself, "Finally!". However, to my dismay, that someone added, "Oh..and it'd better be funny."
Once again I tried to think of something, but nothing came. This time I was able to visualize myself saying something funny and everyone laughing, but the words didn't come along with the image. Damn!
Next, someone trying to help commented, "Ok. What are some things you've learned then?" That's an easy one, I thought to myself, but still nothing came and there was silence until somebody finally changed the subject.
On my one-hour subway ride home, I involuntarily kept playing the situation back in my mind, undoubtedly making it bigger than it actually was. After talking with people about it and them saying I had blown things up too much, I felt better about it, but still not at peace.
That is until I got to the top of page 62 of Gandhi's autobiography where he says, "I must say that, beyond occassionally exposing me to laughter, my constitutional shyness has been no disadvantage whatever. In fact I can see that, on the contrary, it has been all to my advantage. My hesitancy in speech, which was once an annoyance, is now a pleasure. Its greastest benefit has been that it has taught me the economy of words."
This reminded me of the importance of learning to accept and be who you are and turning perceived weaknesses into strengths. I'm now at peace and know what to say should this situation happen again, "Well, Norm, nothing comes to mind. I prefer not to say things unless it's meaningful or important."
Posted at 09:01 PM
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August 10, 2005
On Long-Term Relationships: An Inside Story
There is no textbook on having a close relationship. In high school I believed that I would find a soul mate and that we'd spend every momemnt in happiness until death did its part. This has not been the case. I'm a big believer that what society doesn't talk about seems to get worse. Therefore he goes...
Sheena and I have been dating since the third day of our freshman year at NYU - 5 years ago. We moved in with each other 9 months later and started working together 20 months later. Here have been my experiences of what a relationship is like: - There maybe nothing else that forces you to confront yourself in the same way. If one takes repsonsibility for how one experiences a relationship, the growth can be absolutely amazing.
- You will see each other in your worst moments. You and your partner may do things you never thought you would. Sheena and I have thrown things at each other and said terrible things to each other. It's embarrassing to admit to myself, none-the-less to other people. I'm used to laughing about petty arguments on reality series, not it happening to me. With that said, a relationship can be humbling and an opportunity to learn forgiveness of oneself and others.
- Being interrdependent can be a good thing with the right person. Normally, when you have big disagreement with someone the relationship ends or goes on hiatus. However, since we live together and work together, it only makes sense to discontinue the relationship if things are going very poorly over a stretch of time without hopes for improving. Quite frankly, I doubt Sheena and I would still be together if we hadn't taken steps to weave our lives closer. The more your lives are interwoven, the more it makes sense to deal with issues as they come up and grow from them.
- All huge arguments seem to be based on at least one major thing that I could change or learn about myself.
- It is up and down. We could be having the most romantic night ever and then all of a sudden get in an argument because one person doesn't feel listened to because the other is biting their nails.
- There is an infatuation period that lasts for varying amounts of time depending on the couple. During this time it is hard to be away from the other person and it is hard to even see one thing the other person could change. This stage seems to be in large part physiological. It could end in a moment. Moving on to the next stage can be trying for the relationship as the other person seems to transform into somebody else.
- Having somebody you trust, who understands you, and who you can share anything with is extremely nice.
- Coming home to, going to sleep with, and waking up with somebody who you love and loves you is a beautiful thing.
- Having intermittent periods of solitude has been very important for my growth and perspective.
- To me, the most critical parts of successful relationship are trust, similar values (at first), communication, and similar life aspirations.
I feel like it is important to say my experiences with a close relationship, because it is hard to get truthful perspectives on this topic. For me, it is hard to share because I don't know how other close relationships are. Are we the only ones who get in big arguments over silly things? It's hard to know since nobody talks about it.
But it feels like a duty to share this stuff. I'm inspired by other people in my life who are able to accept themselves and in so doing make it easier for others to do the same. I don't want to spend any portion of my life being afraid of the truth.
My side of the story is obviously biased. Sheena will be posting her perspective too on her blog. I personally look forward to reading it.
Posted at 09:50 AM
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August 09, 2005
The Importance of Follow Ups
Normally follow up is one of my worst weaknesses. In the back of my mind, I felt that if somebody really wanted my product/service, they would reach out to me. However, after following up with emails and then phone calls today from a July conference, I think follow up is crucial because: - It shows customers that you're on top of things and care about their business.
- People are extremely busy and often overwhelmed with work. As such, they like things done for them. Following up makes their job easier. After each follow up I did today, the people I called were very thankful.
Special thanks to Adam Witty for showing me the five call follow up rule and to Jason Dorsey for stressing that if I was serious about getting speaking engagements, I needed to follow up.
Additional note: Also, setting up the meeting with Inc. Magazine took six calls and one cancelled meeting despite the fact that they were interested.
Posted at 01:29 PM
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August 07, 2005
Any Bloggers Out There?
We're building a list of Extreme Entrepreneur blogs at http://successmanifesto.com/blogs/main/. If you consider yourself to be an Extreme Entrepreneur and you want us to link to your blog, send us an email. Also, any tips on blogs of other Extreme Entrepreneurs would be very much appreciated.
More specifically we're looking for people under 30 who are using an entrepreneurial mindset to passionately plan, prioritize, and pursue their vision. It doesn't have to be somebody who has started a company.
Posted at 06:05 PM
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August 02, 2005
I Forgot!
Recently, I asked a group of students, "How many of you have received strong criticism from those you love the most about you pursuing your dreams?" To my surprise, at least 95% of a 200+ audience raised their hand!
I had forgotten about how much resistance you are likely to receive when pursuing your dreams. My mom has been extremely supportive of me for my entire life. But when I got passionate about entrepreneurship in high school, she was afraid that I would do worse in school and not follow the safe path of becoming a computer programmer like her. All I wanted to do was share my incredible passion and at least let her see a little bit of what I was experiencing. However, I couldn't and I cried a number of times until I simply stopped talking about it.
This resistance will most likely come from the people you love the most; friends, family, etc. They will encourage you to follow plan B before plan A. My advice? Don't! Follow plan A with everything you have! Some things to keep in mind: - They all want the best for you and have good intentions.
- Listen to their thoughts and learn from them, but do not take them to heart. You are the only one who can see your vision. Don't let others take away your sight.
- Surround yourself with other dreamers - especially when times are tough! They are not the majority, but there are a ton out there. If you can't find anybody then look around you. Look at the products/services you use on a daily basis. Many of these were created by dreamers.
- Don't give up! Now is the time to go for your dreams. You have very little to lose. There is much more to lose by giving up or delaying than by putting everything into something you're passionate about.
- If you're not passionate, people can tell in a second. If you are passionate, they'll support you.
- The same people that are critical will secretly admire you and your determination. When you hit a high point, they will be there to celebrate with you and you will be an inspiration for them.
- As I've heard other speakers say, "You can always get a job!". In other words, if you're a passionate, friendly and ambitious person, you'll be able to find something to fall forward on to if your dreams don't go as expected in the short-term.
Posted at 08:19 PM
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July 28, 2005
Will the Real Tony Robbins Please Stand Up
Below is an embarrassing email I wrote to Sheena five year ago for her 18th birthday. I had met her only a few weeks earlier.
From: Michael Simmons
Date: Thursday, September 28, 2000
To: Sheena Lindahl
Subject: Journey
Sheena,
The more I got to know you, the more I have confidence in you. The definition of success is up to you and is created by your mission statement in life.
"Nobody succeeds beyond his or her wildest expectations unless he or she begins with some wild expectations."
- Ralph Charell
I encourage you to create a document that you check/update twice daily with the following things...
Mission Statement for Life
Your Strengths
Your Weankesses
Your Opportunities
Your Threats
Your Goals (personal, career, interest, behavioral, etc.) For these goals I recommend being specific and putting a date with it accurate to the day or month.
"Know Thyself" - simple but true
When you have a definite plan and your subconscious and conscious fully believe in it then you are on your path to success.
Sheena. You are an eagle. You are very trustworthy, creative, open, independent, nonjudgmental, unselfish, and much more.
[2005 ed note: Robert Frost poems on two roads diverging removed]
On that note. I wish you luck on your journey. Happy 18th Birthday.
Love,
Michael
A few thoughts come to mind: - Wow! Sheena and I became incredibly close very quickly.
- Wow! What was I thinking writing this for Sheena's birthday!
- How did I have any friends?
- I think this captures the energy, confidence, and paradox of youthful ambition. On the one hand, it borders on being preachy and thinking my way was better than other people's and trying to change them and the world before understanding and appreciating them. On the other hand, this is the same energy that can lead to the Dells, Apples, Kinko's, and Microsofts of the world. All are companies started by college students. It is the same energy that leads to youth leading movements and creating positive change.
I guess the trick in life is keeping that youthful ambition and energy, but also being humble and not becoming disillusioned by a world that is much different than the one you expected. It makes me a little sad each time I hear an adult talk about their youth and say, "That was when I thought I could change the world."
Posted at 11:40 PM
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July 22, 2005
Finding the People of Your Dreams
I didn't have a girl friend in high school. In fact, I never hooked up with a girl in high school. This is a part of my life that only recently has become something that I'm comfortable sharing with others.
Why do I say these things? Because I learned one very important lesson that I think is applicable to anybody who wants to build incredible personal and business relationships: Be Yourself!
In high school, I spent a lot of my time trying to be popular. Below are some of the methods I used: - I bought clothes from Abercrombie & Fitch and wore cologne.
- I made sure I hung out with people who I considered to be popular. In so doing, I betrayed one of my best friends that I had grown up with.
- I went to as many parties as I could and drank a lot. If I didn't go to a party on the weekend, I felt like the weekend was a waste.
- I got attention by making as many jokes as I could.
- I lifted weights a few times a week and took protein powder and creatine so I could look more attractive.
- I put in the least amount of effort possible into school while still getting high grades. I even cheated sometimes.
- I avoided talking about my passions (ie - web development and business ), because I thought people would think I was a nerd.
The results...nada.
In college, I knew I needed something different, so: - I stopped buying clothes. I've probably spent all of $200 on clothes in the past five years.
- I stopped going out, unless it was with somebody or some people that I really respected and admired.
- When I went out, I didn't go somewhere where it was really loud and hard to hear.
- I completely stopped drinking - not counting a junior year school trip to Sweden.
- I stopped lifting weights just so I could look good for others.
- I stopped trying to get good grades (my college GPA is a 2.8 I think). Instead, I focused on learning what was important to me from each class.
- I started sharing my passions with other people.
Now, I have a growing group of friends who share similar interests, passions, and goals. I've lived with my girl friend for the past four years and I could see myself spending the rest of my life with her.
It is ironic that we try to hide who we are, when it is by being ourself that we gain the respect and admiration of others. Next to "know thyself" should be, "be thyself".
Posted at 01:52 AM
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July 14, 2005
Radical Honesty
As someone who has studied success, full-heartedly pursued "success" and even written a book on it, I feel like I must always project myself as somebody who is very, very successful. This creates a false picture in people's mind and gives me stress because I feel like I must uphold that image. When things aren't going well, I often avoid blogging out of fear that it will hurt my reputation. In the back of my mind I say to myself that once I'm successful in the ways I want to be, then I'll tell how I made all these stupid mistakes.
Today, I've decided to change that, which is not to say that I've considered myself dishonest. In fact, I think I've gone above and beyond what is generally considered "normal" in terms of honesty and integrity. However, I feel like I must go farther. Two things have influenced me to do this: - I read an article in Inc. Magazine called Exaggeration Nation, which said the following:
For those who missed it, the hip-hop impresario was outed for serially -- and wildly -- inflating the revenue of his company, Phat Farm. Appearing on CNBC in 2003, for example, Simmons claimed sales of $350 million; in Newsweek, the figure was $240 million. And in his book Life and Def, he cited 2001 sales of $150 million. Unfortunately for Simmons, he's stuck in litigation with a former business partner; in a deposition, he was forced to reveal that his actual sales never topped a mere $14.5 million. When is enough, enough?
- I was in the book store today and was looking for a very honest book on somebody's triumphs and tribulations with spirituality after a life-time of pursuing it full-heartedly. To make a long story short, I couldn't find one. All the books in the "spirituality and religion" and the "self improvement" areas seemed to only focus on and exagerrate the positives. This made me realize that I could possibly make more of a positive difference in myself and others, by fully sharing the ups and downs of my life. This may turn people off who would rather read a book by somebody who has 'been there and done that'. However, I think this is of value to young people who want to see what entrepreneurship could be like if they pursued it full-heartedly. I consider myself to be very normal. I consider myself smart, but not very smart. I come from a middle-class background with no special contacts or "entrepreneurs in the family". Hopefully people can relate.
With that said, here is a full update on life: - The road tour is coming along slowly, but surely. We're getting more incredible young speakers, However, we still haven't closed any sponsors. Therefore, we've postponed the tour until the Spring. I have a meeting with the managing editor of Inc. Magazine next week and we are going back-and-forth with a potential sponsor. Also, we're in talks with a potential fiscal sponsor. I was hoping to make a ton of calls this summer. However, Sheena and I are realizing that we need to bring somebody on who is an expert in sales and who can work full-time on the business.
- Since November, I've been working part-time as the program coordinator of the Bank of America Youth Entrepreneur Awards. My commitment ends this month and I've decided to not renew so I can work full-time on the business. Now, both Sheena and I are full-time.
- We just contracted with a literary agency/book packager in New York. We're extremely excited because he has high-level contacts in the publishing industry and really understands what we're trying to do. The publishing industry is slow over the summer, so we're hoping to close a deal with a publisher for a series in the Fall. We're aiming for a 6-figure advance.
- To grow the business, we've taken on about $7,000 in credit card debt and are taking out $30,000 in business loans. Good thing, my mom doesn't read my journal! We will repay this with our book advance and speaking engagements, which we're now paid up to $2,000 to deliver.
- Sheena and I are really working well together. In the past, having consistent meetings was challenging. 1) Because something would inevitabily come up and because we're so close, we'd cancel easily 2) Personal things would come up during meetings and we'd get in an argument. As a testament to our growth as individuals and with each other, the meetings have been going incredibly and our relationship is growing a lot closer. As a result, I feel VERY good about our strategies and focus moving forward.
- The beta of the feedback system has been going very well. People have been giving very positive feedback and a number of surveys have been sent out.
- We recently got headshots. So, now you can see what Sheena looks like :) I will also be changing the picture on http://successmanifesto.com/. It makes the company looks like its run by me, even though Sheena and I put in equal amounts of work and have a 50/50 equity split.
- I've been calling people in my network to ask if they could help us raise $200,000 for our company, which we're aiming to do over the next 6 months. I've always avoided this because I've felt awkward asking people I know. So far, I've had three meetings to this end. One person said they'd probably invest a little bit. Another said, they'd introduce us to others. The last said no, but gave incredible feedback and gave some acheivable criteria under which he might invest.
I hope your journey is going well. That's about it for now.
Posted at 09:11 PM
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May 08, 2005
Entrepreneur's Credo via Thomas Paine
Source: Excerpt from Common Sense, written in 1776 by Thomas Paine
I do not choose to be a common man,
It is my right to be uncommon ... if I can,
I seek opportunity ... not security.
I do not wish to be a kept citizen.
Humbled and dulled by having the
State look after me.
I want to take the calculated risk;
To dream and to build.
To fail and to succeed.
I refuse to barter incentive for a dole;
I prefer the challenges of life
To the guaranteed existence;
The thrill of fulfillment
To the stale calm of Utopia.
I will not trade freedom for beneficence
Nor my dignity for a handout
I will never cower before any master
Nor bend to any threat.
It is my heritage to stand erect.
Proud and unafraid;
To think and act for myself,
To enjoy the benefit of my creations
And to face the world boldly and say:
This, with God's help, I have done
All this is what it means
To be an Entrepreneur.
Thanks to Alvin Huang for the excerpt.
Posted at 10:39 PM
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April 29, 2005
Journaling To Myself About Life
For the past few weeks, I've been meditating for 2-3 hours/day sitting down. For the rest of the day, I practice an active meditation. Instead of thinking about life or business, I clear my mind and focus on awareness and equinimity. I don't know why I'm the way I am, but once I find the most effective technique for achieving what's most important to me; it is harder for me not to do it, no matter how hard.
Pursuing meditation so earnestly is exciting. The experiences the body is having are different than any they've had before. I'm beginning to understand and trust the "knowing" feeling inside of me. I equate this to knowing something is on the tip of your tongue, but not quite being able to remember it. How is it that we "know" that the memory is there, but can't actually know it consciously?
At the same time, doubts are coming up. It is hard, if not impossible, to logically support what has now become a central part of my life - to others, not to mention myself. Sometimes this makes me afraid of what others will think. Other times, it makes me afraid that I'm wasting my time and fooling myself, which I've done in the past.
Perhaps the people reading this blog understand this feeling through entrepreneurship and having a vision that others don't understand. However, we (the West) seem to live in a culture that is accepting of business, but not of spirituality. Going on a spiritual journey seems more difficult because it is harder to measure success, it is harder to talk about, living role models aren't publicized as well, and it is very polarized. Just as there are crazy, make-a-million overnight schemes in business - I've come across some cults and have become better at knowing what to look for. Oddly, some of the craziest entreprneurs and mystics were later worshipped.
Paradoxically, as I focus less on business, things seem to get better in that arena. I guess it's sort of like the negotiation paradox, that the side that is willing to walk away from a deal has more power. I feel more detached from the outcomes of business.
The first time I can seriously really remember thinking about spirituality was when my dad died when I was 8 years old. There was a moment where I vividly remember coming to the decision that life isn't going to necessarily go as I or others have planned, and I need to take life into my own hands. I didn't rule out God, but I guess I sort of became agnostic, the logic being: "Whether there is a God or not, I seem to have a lot of control over my decisions and actions. I'm going to use that control."
Although being raised as Jewish, I've been agnostic until college. In college, I really started to explore spirituality via reading, going to conferences, yoga, and meditation. A lot of stuff has been informative. Some stuff has been a waste of time. I've looked for religions/mystics I respect/trust and have looked for what they seem to agree on and have attempted to integrate those parts into my life. I pretty much did the same thing before with studying successful entrepreneurs.
I don't know if I believe in God or not. The term has been used so many different ways by so many different people. What I do know is that the techniques I've learned have increased my happiness/peace more than anything else I've ever done. I believe that there are "higher powers" that I don't fully understand, but which can be known experientially. That is all for now.
If not now, then when. If not you, then who.
Posted at 06:38 PM
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April 22, 2005
One Life, One Opportunity
Wow. The last week has been really crazy!! Some highlights: - I co-presented a keynote at the Institute of Entrepreneurship with John Hughes, a role model for me and an extremely successful, retired entrepreneur turned philanthropist, to an audience of 750.
- I co-facilitated a workshop at Danville Community College with my good friend Ryan Allis. We actually stayed up until 2am the night before working on the presentation. I thought we actually worked really well together and I can see us co-presenting in the future. Ryan entered the presentation with in a sweat suit the Eminem 8-Mile soundtrack blasting. He danced to the music for 15 seconds and drove home the theme of only having one shot and one opportunity in life. I must say it was one of the funniest things I've ever seen. This made me realize how fun speeches can be.
- I went to the Innercity 100 Conference in Boston. This is one of the most productive conferences I've ever been to. A number of people purchased books, I was invited to speak to 1,500-person audience, and I met Keyshawn Johnson, Kwame Kilpatrick(the mayor Detroit), Michael Porter, Time Warner Books, Merrill Lynch, Inc. Magazine, the Kauffman Foundation, Bo Peabody, John Bryant, Keith Ferazzi, and a representative of one of the top collegiate speakers' bureaus. I was supposed to speak on a panel, but I've been so busy the last few weeks that I overlooked the fact that I was supposed to confirm!! I would highly recommend this conference to other young people who live in cities.
The speaking lifestyle is interesting. It gives you a lot of alone time on planes and hotel rooms, which can be advantageous. However, not having my own space, makes it difficult to stay centered and keep in a routine. Also, I see myself naturally caring less about what others think of me, which is very freeing. Tomorrow, I'm going to New Jersey for Passover. I look forward to seeing my dogs (not using slang here).
Also, spirituality is becoming more and more a part of my life. It occupies more mind share than entrepreneurship or anything else. However, I'm not sure how to start talking about it with others, or even if I should. However, I did find it interesting that many of the speakers, without going into details, alluded to the fact that it was a central part of their life. It is interesting that in our society it is so difficult for dialogue to happen with regards to one's core beliefs. I wonder what I historian or sociologist from 100 years in the future would think about it?
Posted at 11:22 PM
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March 05, 2005
Power Introduction
On Friday, I brokered the largest introduction I've ever done. It was between John Sexton, the president of NYU, and Steve Mariotti, the president of the National Foundation for Teaching Entrepreneurship. Both John and Steve are mentors and I respect both of them more than I can say in words. They each have had dramatic impacts on my life over the past four years.
At any rate, I won't go into the details, but it was very interesting to just sit back and watch them converse.
Posted at 11:45 PM
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My Spiritual Growth Journey
The past few days have been transformative to say the least. For me, life seems to go in cycles: - Down period
- Realization of what's important in life
- Peak period
- Forgetting what's important in life and/or taking it for granted
- Repeat steps 1-4 (evolving each time)
Last Winter/Spring, I took a break from business for five months (hence the lack of blog entries) and explored spirituality through a few hours of meditation per day, reading, journaling/contemplating, and going on a retreat. Quite frankly, this worked. My quality of life improved demonstrably.
Instead of waking up feeling like I was forgetting something or being stressed about a meeting, on many days, I'd literally wake up smiling for no reason. Other days, I'd start laughing uncontrollably and sometimes even crying from joy for no reason at all. Also, my work productivity increased as I stopped procrastinating and did things in order of importance. Of course, on a day-to-day basis everything wasn't perfect or drastically different, but it was noticeably different from my perspective.
Things started go downhill over the summer when I decided that the positive state of mind could run itself without the routines I mentioned above. Then slowly but surely, over the period of a few months, I started to overwork myself and become stressed. I also forgot many of the things I had learned.
At any rate, I'M BACK and with some personal lessons learned: - Truth is only known from experience. Science is extremely powerful. It has allowed us to collectively understand the world and build effective, new technologies more than we've been able to at any other point in history. However, it can only take us so far. It can't answer many core, life questions and it can't prove things like whether I love my family. I think that truth can come from a "knowing". It is hard to say because I can't really back it up, but I don't necessarily think that makes it invalid.
- The mind/body is not me. So, let me explain the Vipassana retreat I went on. I spent 10-days in complete silence, meditating 15 hours a day. The specific technique used was very simple and involves scanning the body and its sensations. The whole retreat required more will power than I've ever had to summon.
During the retreat, I realized many of the tricks the mind plays, and also just the sheer randomness and lack of control I have over my thoughts and sensations. At one point during the retreat, I had a "knowing" feeling that all these sensations and thoughts are not who I am at a core level.
When I think about it, it is sort of interesting to observe how little control we have over our mind and body. For example, I have no idea what the next word I'm going to type is. It's just coming free flow. I know what I want to write this entry on, but the rest just comes. The same goes for whenever I talk. Also, sometimes I catch myself in the middle of a body movement, and I think, "Why am I doing this? I didn't plan to do it."
- Spirituality is important to me. I've re-dedicated myself to seeking truth and as I find it, confronting it directly. I know this is a long journey, but I'm excited to take it. I consider each moment an opportunity to pursue and be it.
- I'm an athlete Taking my recontextualization into account, I'm in the business of learning how to control my mind. Just like an athlete learns how to control their body through dedicated practice, so must I dedicate myself to practice. Just as an athlete practices for their entire career, so must I practice for my entire life.
An author, which I'd highly recommend is David Hawkins. His work has inspired me the most. Over the past few years, I've re-read his 3 books more than I've re-read any other book. He is formerly a very successful psychiatrist, and he went through a process of what many would call enlightenment in his mid-life. His books have gotten testimonials from Mother Theresa, Sam Walton, and Lee Iacocca. Most mystics I've learned about come from India. I appreciate the fact that he is American and was like me when he was younger. He had this same urge to explore and used his career as one of the tools to do it. He became a M.D. and Ph.D. so he could learn more about how the human body works. Also, he started a very successful practice serving thousands of people. Furthermore, he has extensively researched other religions, but separates himself from any one of them. He self-published his first book, Power vs. Force, in 1995. He knew that his message was so powerful that he decided to do no marketing. I think it has just recently got in the book stores. Interestingly, I just looked on Amazon.com and it is the 129 bestselling book!
I know the topic of spirituality and religion are very polarizing. Furthermore, they are fairly taboo, so I haven't talked about this stuff, even with my family and most of my close friends. I've written this entry as an effort to be more honest with myself and the people in my life. You can disagree with me or agree with me.
Posted at 10:41 PM
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February 05, 2005
Professional Networking Strategies
I'm a big believer in networking. In my opinion, it's one of the most fulfilling things there is. Beyond that, I've been extremely fortunate to have people who've taken me under their wings! Here's how I view the process: - Do favors early and often. I mainly do this by:
- Giving people valuable information and advice. This shows people that I understand what they need and am willing to take steps to fulfill this need. I often find this information through my online reading, experience, book reading, or through my network.
- Make introductions. This is one of the easiest things to do in the world. You connect two people who you think could derive value from each other. It's a win-win-win.
At the level of giving away information and contacts, there is a ton of abundance. Very little time is needed to make a big impact. I'm very willing to help people at least once, given they make a good case and earn my trust. - Give more if they reciproocate and/or appreciate. While it feels good to give, I much prefer giving to those who appreciate it and who are willing and able to help me now or in the future. For me to keep giving, they need to follow some basic etiquette:
- Follow up promptly with introductions that I broker and "cc:" me.
- Show appreciation/consideration and provide feedback on the helpfulneess of information and contacts. Email is a good way to do this. Sending something in the mail would probably make more of an impact, but isn't necessary.
- When meeting me, come early and prepared with questions.
- Research me. I've written a book and hundreds of journal entries. Spending a little time early on getting to know how I think will help us get more out of the relationship. If you want to go a step farther, you will purchase and read the book. If you have an online presence, I will do the same for you.
- Proactively think about how I can help you and you can help me. I will do the same. Even if you're at the beginning of your career you can always help people. Little things that help me a lot are posting comments on my blog agreeing/disagreeing with my ideas, purchasing and providing feedback on the book, and giving ideas for improving the company and/or web site.
From here, the relationship can develop into a business partnership, a friendship, a combination of the both, or anywhere in between.
With all of this said, I'd like to explore using LinkedIn, a leading online social networking tool for professionals. If you'd like to develop a relationship with me, please add me to your LinkedIn network (email: michael@successmanifesto.com). We can work from there!!
Posted at 02:03 PM
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January 26, 2005
Ruminations on Being a Youth Motivational Speaker
Wow! I just watched two video reels of youth motivational speakers who I know and admire; Ryan Blair and Joshua Shipp. My first thought was, wow, they're incredibly good. My second thought was, damn, I need to improve a lot.
Now that I'm graduating college, I've decided to do more speaking. In the next few months, I'll be speaking to thousands of youth in places like Nevada and Milwaukee. In the past, I've been doing speaking as more of a hobby and am transitioning to doing it on a professional level (in others words - getting paid a lot of money). As such, I want to develop my style more. Below are some thoughts that ran through my head after I watched those videos: - I'm tall. Although digital pictures of me make me look 3-4 inches tall, I'm actually 6'5" in real life. I think I can use this to my advantage in terms of my presence.
- Speaking with Sheena. Sheena and I work extremely well as a speaking team. She thinks differently than I do and therefore connects with people on another level. Also, I think we are an example of how you can use the Extreme Entrepreneurship philosophy to become successful in more than a career.
- I'm not as high-energy, and that's ok. The common idea for motivational speakers seems to be that you have to be very high energy on stage. The common idea for "connecting" with youth seems to be that you have to have an MTV-Style presentation. Quite frankly, I don't have a TV or listen to a lot of the same music as my peers, let alone my audience. Furthermore, I'm a laid-back, down-to-earth person. I think my role as a motivational speaker is:
- Share my story. Not as a success story necessarily, but as somebody who has full-heartedly pursued their journey and had good results. I want to be so honest with myself on-stage that I help people be more honest and accountable with themselves. I want people walking out saying, "If he can do it, I can do it." If people say, "I could never do that", then I've succeeded in bragging about my accomplishments, but failed as a motivational speaker.
- Expose people to success stories. No matter what you want, whether it's having an incredible relationship, tons of money, changing the world, or finding a passion, it's been done by millions of socially, economically, and mentally disadvantaged individuals in addition to just normal ones. You don't have to be superman or superwoman. You just have to plan, prioritize, and pursue your vision. It's not rocket science.
- I need more hooks. I have a ton of stories and ideas in my mind. However, I need to get them into powerful sound bites.
- I have trouble knowing how to challenge people. In the past, if I didn't see people living up to their full potential, I often called them on it. After awhile, I could tell I was alienating some people. So, for the past few years, I've spent a lot more time trying to understand why people are the way they are. Now that I can see from their perspective, I often acknowledge how they feel and don't challenge them. I think I could find a better balance.
Posted at 02:55 AM
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January 19, 2005
On Hearing Paul Orfalea, Founder of Kinkos
This weekend I had the opportunity to hear a keynote speech delivered by Paul Orfalea, founder and chairman Emeritus of Kinkos. He was a very laid back, personable, and charismatic speaker in my opinion. Some key ideas that stuck in my mind are: - Every product and service that you see around you is a success story, or you wouldn't see it. This world is full of success stories!
- Paul is dyslexic and was expelled from high school numerous times. Therefore, he realized very early on what he was not good at and partnered and/or hired people who were smarter than him in these weak areas. So, he actually considers his weaknesses to be strengths. I actually agree with this. To think you're good at something when you're really not or to be good at too many things can actually be a curse as you may try doing everything yourself.
- Everybody is always busy. They focus too much on today and yesterday. As result of giving responsibilities to others, he freed himself to visit stores, learn secrets from each, and share them across the organization.
- He made a great distinction between people managing their career (CEO) and managing their business (Owner). I never made this distinction, but these are two very different paths in many respects. A CEO must think a lot more about politics, pleasing people, and looking good to move up the ladder. The founder and owner, is more interested in the results of the businesses he or she is a part of.
- A students work for B students. C students run the company. D students dedicate the building.
After he spoke, I went right up to him (something I'm normally too afraid to do) and was the first person to talk with him. I gave him my book and mentioned that he was in it. Two days later, I followed up about a potential testimonial. The next day the executive director of his foundation wrote back and said I could use the following testimonial on the web site and the next edition of the book: ?I wish the ?Manifesto? had been around when I was younger. The Student Success Manifesto is an inspiration to not only students, but an entire generation!? Paul Orfalea, Founder & Chairperson Emeritus, Kinko?s Inc. I can die a happy man now :)
Posted at 04:10 AM
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January 10, 2005
Spring, Summer, Fall, Winter, and Spring
Ever since I've been young, I can remember a slight feeling of discontent. When I was much younger, I remember feeling powerless against this feeling and not in control of my life.
However, as I've grown, I've gained exposure to ideas that I believed could quell this discontent. From sports, popularity, making millions, making a difference, eating raw foods, to enlightenment through spirituality - I've full-heartedly tried many methods that I believed would bring happiness at the time. Looking back, I not only feel fulfilled that I've given my all to these methods, but that I've explored so many without losing hope.
I've gone multiple days without eating (fasting), traveled cross-country on train to spirituality retreats, started multiple businesses geared to making money and making a difference, and most recently went on a 10-day, silent meditation retreat in Illinois. What have I learned? - Learning seems to never come on the first try. There seems to be this belief out there that it is ok to make a mistake once as long as you learn from it. If you don't learn from it the first time, you're somehow incompetent. I don't know about you, but I find myself making the same mistakes over and over until I finally master them. Even then, I still make them on ocassion.
- Learning seems to be related to cycles of remembering and forgetting. In my opinion, most people could increase the quality of their life 10-fold or more with the knowledge they already have. Look, it isn't a mystery that eating McDonalds everyday isn't healthy and makes you overweight and sluggish. That overwork leads to exhaustion and unproductiveness. That losing sleep makes you more grumpy and unproductive. That drinking too much alcohol makes you throw up and feel really sick the next day. That being on time, looking both ways before you cross the street, and so on can be helpful. The issue seems to be that french fries taste good. Drinking & partying is fun. Watching TV is easy and relaxing. etc. We all have our weak spots. We are constantly confronted with the same decisions. Sometimes we make the 'right' decision and feel good about it and other times, we're tempted by 'evil' chocolate cakes and forget about their effects until they start to show and then we remember the 'right' decision again.
- Learning Seems to Happen via Tipping Points. I find myself learning most potently when I'm at the bottom. It is at these moments that I commit myself to never doing something again. Even when I see myself going down and try to recommit myself to what I know is right, my thoughts seem to have no power. For example, if I'm making a commitment to eat healthy food, sometimes I know I'm just fooling myself and I will cave in on my first temptation. However, there seem to be moments when I make commitments to myself and I know without a doubt that I will follow them. These moments are incredibly empowering.
- It's a journey. On the back cover of The Student Success Manifesto, the words "Plan, Prioritize, and Pursue Your Vision Today!" are written in big letters. I believe in this statement more today, than when I wrote it almost two years ago. You can't learn by not trying. I believe that if you want to achieve something, you have to:
- Pick a strategy (plan)
- Commit to it (prioritize)
- Pursue it
- Repeat steps one through three (this step is for all you Brian McNight fans) with lessons learned.
To me, it seems that the worst thing one could do is just use the same incompetent strategies over and over.
- Vipassana Meditation Works. At least it did for me. Perhaps it was the right time, and I was ready for it. I don't know. However, I feel that I would be doing the people who are reading these words a disservice by not pointing that out. It's not easy work, but for me it was well worth it. From my personal experiences, aiming for happiness by trying to make a lot of money, become famous, and/or make a difference DEFINITELY do not work as methods to happiness. I'm not against these or anything, but I'm not fooling myself that once all these happen that I will be happy
Besides being one of the best movies I've seen this year, the movie, Spring, Summer, Fall, Winter, and Spring, illustrates the idea of life's cycles better than I've ever seen it done before. It won't make you jump out of your seat because of suspense or action, but it is such a beautiful movie. If you have Netflix, rent it!
Now, what are you waiting for? Plan, prioritize, and pursue your vision today! Be the change you want to see! Taking constant, calculated risks; fall forward and have fun.
Posted at 11:42 PM
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January 06, 2005
Life's Journey Isn't Always By the Book
Be the change I see in the world! That is the challenge I've given myself for when I wake up everyday. I aspire to live by the book. Not by school's book, or my family's book, or anybody else's. I aspire to live my life by the what I've learned to be true.
But here's the thing that gets me - I don't. I don't always live by my book and I don't know if I ever can - exactly. I still get in large arguments with loved ones. I feel bad when things don't go my way. I feel behind when those close to me accomplish big feets. I still get nervous when interacting with new people. In other words, I still have trouble living by the book even though I've been pulling all-nighters to study it.
Do Tony Robbins, Stephen Covey, Wayne Dyer, Deepak Chopra, Mother Theresa, Gandhi, or the Da Lai Lama ever not live by their own book. From their writings, it would seem that life can be 'perfect' if you try hard enough and smart enough for long enough. I wish that people who were 'successful' would talk about these challenges more while they're having them.
I keep on wanting to wait until The Student Success Manifesto sells hundreds of thousands of copies of the book before I say, "Yea, it was a hard journey, but..." However, I feel I owe it to myself and to the people who are on a similar journey to talk more honestly about the internal challenges I face on a daily basis. I may lose credibility by admitting that my life isn't perfect and that everything isn't success, success, success, but here goes (eyes closed).
Posted at 11:17 AM
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December 23, 2004
Creating a Personal Brand
Source: Brand Called YOU
Laura Ries and her father are very well known in the corporate branding world. Here are some of her thoughts on how individuals can leverage their brand.
Posted at 06:59 PM
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December 16, 2004
The Life of Russell Simmons
I've learned a lot from Russell Simmons in the past week. Today, twenty-five alumni of the Bank of America Youth Entrepreneur Awards, a few Citizens for NYC staff, and I met with Russell for a 1-hr, informal mentoring session. In addition, last weekend, I read his book, Life and Def. I honestly think it is one of the best business books I've ever read. It's a page-turner and is just honest and real.
My main take aways are related to what it takes to build a movement. The hip-hop movement is everywhere now, but when Russell first started, people had no idea what it was and were very skeptical. Below are quotes from the book that encapsulate the key lessons I learned:
"My whole career has been about cultivating, understanding and expanding this [hip-hop culture] auidence (83)..."
"Run D.M.C.'s greatest asset was that they never aspired to be bigger. They aspired to keep it real when that wasn't yet considered important in rap (64)."
"You have to know your core and noncore audiences and understand how to reach both without alienating either (82)."
"And the fact that I wasn't a conformist trying to fit in - that I was making people accept me on my terms - worked for me (104)."
Over the past two years, Sheena and I have been thinking about how to position Extreme Entrepreneurship, a movement where young people passionately plan, prioritize, and pursue their OWN vision, today not tomorrow. Our philosophy resonates most with young entrepreneurs, but is applicable to all students who want to achieve success by leveraging the entrepreneurial mindset and thinking of themselves as a human enterprise.
Over the years, I can't tell you how many times people have said that there isn't a market of motivated young people because youth aren't serious about life and that they're too busy. At the same time, my gut tells me something else for the following reasons: - I know that this way of thinking has completely transformed my world for the better and I've seen it done for many others my age. The teenage/college years are particularly important as people are getting more freedom and at the same time making decisions that will determine the course of their life.
- Looking at things historically, it seems like youth is a time of rebellion and trying to change the world. This is a proven philosophy to facilitate that change.
- Entrepreneurship education has grown tremendously over the past twenty years as research continues to show that innovation and new jobs in the economy are coming from small business.
I know that this is a long, difficult journey. In the short-term, it might be easier to sell something that I know people would buy, but might be bad for them. However, I'm in this for the long haul. I want to make a large difference and I believe by doing so, I can also make a lot of money.
Posted at 09:58 PM
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November 15, 2004
Birthday Note
On this day five years ago, I turned 18. The web development company a friend and I were working on was growing rapidly. Also, it was a particularly memorable day as I made $1,000 in the stock market. In fact, my one year plan was to become a millionaire.
Looking back, my predictions were completely wrong. On one hand, I did not foresee a bubble bursting and losing most of our web development clients, but on another hand, I did not foresee writing a book or meeting a girl friend that I want to spend the rest of my life with.
Perhaps the biggest change has been the majority of my thoughts switching from possibility to probability. While, I think this has been good as I've been more effective, the idea of falling into conformity scares me. I sense that I'm at one of the very real turning points in life, as I believe all college students are, and I don't want to simply go from youthful idealism to adult realism.
The successful people who I've studied who've achieved success in happiness, making a difference, or making money all seem to be a little bit crazy. They seem to live in a fantasy world that through intelligent persistence, they make into a reality for others. This is the world I would like to inhabit for the rest of my life. The key is finding the balance between being a "crazy" person and a "normal" person, and just being an "effective" one.
Posted at 01:39 PM
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October 17, 2004
Young Entrepreneur Conference
Sheena and I are speaking next week at the Young Entrepreneurs Summit '04 near Washington, DC. Registration is free and there are some great speakers. If you're in the area, stop by.
Posted at 11:24 PM
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October 11, 2004
How People Perceive You Matters!
For example, today I spoke at the National Association for Community College Entrepreneurship conference. People treated me nicely beforehand, but once I got up and spoke, people treated me much better and much more seriously. Teachers and administrators asked a lot more about the book/workbook and talked about including it in their curriculum. I was still the same person, but people's perception of me changed. This is exactly what happened with The Student Success Manifesto ebook when it was originally published. People thought it was interesting that I had written an ebook, but when people saw a professionally produced physical copy, we had 1,200 sales in two months.
I also think clothing is critically important. It really is true that dressing for success brings success. At the same time, I've seen people in business who are very successful dress down. By doing this, it seems like they're implying, "I'm so successful I don't need to dress up" or "I'm successful, but I'm still down-to-Earth." So, dressing down and carrying ones self in the right way might actually make people think you're more successful. I've seen this done well by some people, but it's generally hard to pull off. One person who comes to mind is John Sexton, the president of NYU. Most of the times I've seen him he's wearing hiking books, corduroy pants, a sweatshirt from his former high school, and a Yankees baseball cap. I don't think he dresses like this by mistake.
Unfortunately, people start off in different places economically, physically, and culturally. Some people have an accent that makes them sound less successful. Some people are born more attractive. Yes, it sucks, but I think people need to work with what they have. One's greatest differences or unique aspects can actually be turned into strengths. By doing this successfully, one actually changes the system for others. Rather than complaining about how things are unfair, one could change oneself to produce the results they want. At the time, it is important to do this without basing one's self-image or happiness on what other people think (I know, easier said than done) or the success might actually be counter-productive.
In the end, for the better or worse, people do seem to judge a book by its cover, whether it be a product or a person. Sure, some people are really good at seeing through the exterior to one's potential, but most people aren't or don't have enough time. The wait until someone "discovers" you might be a never-ending one.
Think about yourself as a product or as a brand and ask yourself the follow questions: - When people think about you, what do you want them to think?
- How can you create your brand in a way that people will want to tell others about you?
- How do you want to position your brand compared to other people?
- How will you change what you dress? How you act? How you talk?
- Who is your target market and how can you expose them to your brand? events? speaking? strategic volunteering?
I think answering these questions can not only help individuals in business, but can help anyone find and develop incredible friendships, acquaintances, contacts, and significant others.
Posted at 04:45 PM
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October 08, 2004
My Current Business/Life Philosophy
- Decide what you want to accomplish.What's important to you? What are you passionate about pursuing? What benefits do you expect the accomplishments to bring?
- Learn the best way to get there.
- Learn from the past experiments (experiences) of yourself/others if the results are still valid, and/or
- Methodically and rigorously choose and perform your own new experiments
- Attract resources (money, people, etc.) through mutually-beneficial exchanges.
- Build a measurement system that tells you the effectiveness of your actions.
- Apply the resources in the way you planned (perhaps modified because of limited resources).
- Observe feedback from measurement system.
- Repeat steps 1-6 with lessons learned.
In short, the philosophy is, "plan, prioritize, and pursue your own evolving vision in every moment to create a life of passion, purpose, and prosperity."
Posted at 07:33 PM
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September 25, 2004
The Best Self-Help Books Ever!
In the past, many people have asked me what the most influential self-help books in my life have been. After much delay, I just made a list on Amazon.com. These books were particularly powerful because I had not been exposed to their ideas before and because I was ready to hear and incorporate those ideas into my life. Even if you think you already understand what these books have to say, these authors have written so cogently about important ideas that you will gain a deeper understanding of their importance and be able to use them more effectively in your life.
If you enjoy the list, it would be very much appreciated if you could give it a good rating.
Posted at 08:58 AM
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August 31, 2004
Moving Bottlenecks in Meeting People
Today I went to an panel on blogging, politics, and personal voice. The panel was moderated by Jeff Jarvis and consisted of: - John Aravosis - Writer and political consultant specializing in using the Internet for political advocacy
- Cam Barret - Created the Clark Community Network
- Jen Chung - Edits the Gothamist
- Jay Rosen - Chair of the Journalism Department at NYU
- Douglas Rushkoff - I follow his blog and just read his book, Nothing Sacred: The Truth about Judaism, which I highly recommend. It will make you look at religion in a new way.
- Julian Sanchez - Assistant editor of Reason magazine
The main idea I found fascinating was that the costs of finding like-minded people have been on a dramatic decline as a result of blogs and the Internet. What occurred to me then was that the bottleneck in building strong relationships has moved from finding the right people to perhaps finding the right people locally. While it may be easier than ever to find a like-minded person that lives hundreds of miles away, how easy is it to actually build a really close relationship when you see each other once a year, if that? Wouldn't you rather meet a like-minded person that lives close to you, one that is part of your local community?
It seems that search engines are catching on to this idea as both Google and Yahoo are beta-testing local search services. I guess these moves are not surprising when about 25% of online buyers look for local merchants (Bizrate and The Kelsey Group).
Ironically, it seems that the Internet, which is a global medium, may also have a huge impact on how communities function locally by connecting people that are geographically close to each other in new and meaningful ways. Due to lack of expertise, I will not try expound on what I think this means. However, the consequences for politics, volunteerism, personal happiness, and commerce seem like they could be large, very large.
Posted at 10:57 PM
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August 29, 2004
Sometimes I Wonder
A few nights ago, I couldn't fall asleep. Normally, I would wake up Sheena and try to make her talk, often unsuccessfully and often against her will. However, a few nights ago, I decided to try and clear my mind instead as part of my continuing quest to follow the "Golden Rule" (to do unto others as you would want done to yourself). Interestingly, all I could think about was getting a piece of bread and spreading butter on it. After 5-10 minutes of deliberation, I started to get up, when to my surprise, Sheena said in an annoyed voice, "Don't let the butter melt!"
You can imagine my shock, considering the facts that: - She was asleep. This was confirmed after prodding her side and saying her name in an increasingly louder voice (sometimes the "Golden Rule" must be broken).
- I hadn't mentioned my bread & butter thoughts out loud.
Part of me says that the odds of somebody briefly waking up and emitting one sentence about butter at exactly the moment its on my mind seems miniscule. So miniscule in fact that it cannot be explained using accepted scientific principles of causality. On the other hand, given all the things that happen in one's life, improbable occurrences are bound to happen. When events like this happen in your life, how do you react? How improbable does something have to seem, before you say, "Something is fishy here."
Posted at 07:20 PM
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August 24, 2004
The Power of Religion & Science
In January, I made a post about questions I had on the scientific method and its relation to religion. Now, eight months later, I'm doing an independent study with the president of NYU related to the subject and have begun to dive into the subject more thoroughly. The two books that I would most recommend to others are:
Religion and Science by Bertrand Russell
First published in 1935, this book talks about where science and religion have come into conflict over the past few hundred years. More specifically, he goes into detail on the following conflicts: - Sun vs. Earth (as the center of the solar system)
- Evolution vs. Creationism
- Demonology vs. Medicine
- Soul vs. Body
- Determinism vs. Free Will
- Mysticism (experiencing truth) vs. Scientific Method (proving truth by replicable experiments)
- Cosmic Purpose
- Limits of Science (how ethics/values can never proven by science)
The Demon-Haunted World by Carl Sagan
If you've ever been skeptical about the power of science, this book will lucidly explain why science is extremely important and is a fairly recent phenomenon in the course of world history. Sagan believes that the scientific method is the best method the world has ever known for understanding reality and predicting the future. He also brought up many arguments against science and cogently refuted each one (although I didn't agree with all of his arguments).
Major Take Aways from the Books - The Old Power of Religion. I've gained a more thorough understanding of how dominant religion was in people's lives. For example, Aristotle believed that the speed of which objects fall is proportional to its weight. In other words, he believed that a ten pound object dropped at the same moment from the same height as an one pound object would reach the ground ten times more quickly. Surprisingly, this easy-to-test idea wasn't even tested until 2,000 years later when Galileo tested it by dropping objects from the Leaning Tower of Pisa and observing the results.
Over time, the power of religion is also demonstrated by the fact that millions of innocent victims have painfully died as a result people using the Bible as a guide to conduct. In fact, Russell says that, "It is estimated that in Germany alone, between 1450 and 1550, a hundred thousand witches were put to death, mostly by burning. (95)". Interestingly, the most common accusation against witches, at the time, was that they caused bad weather (i.e., tempests, hail-storms, thunder, and lightning). After accusations, women (who obviously pleaded that they were innocent) were brutally tortured until they admitted that they were witches. According to Russell, the last burning of a witch occurred as recently as 1722 or 1730. Wow!
- Religion will Always Exist. While the trend for the past few hundred years has been for science to take over parts of religion, it seems that religion will always exist where science has not proven itself yet or where science can't make conclusions (i.e., values, ethics, questions that ask why, etc.).
- Religion Isn't Innately Bad. I've come to the conclusion that religion isn't innately bad or useless (which is what I've thought for a large part of my life). In fact, I think it can be very useful and practical for people. I'm exploring this ideamore, but when religious diversity is accepted and used synergistically and when religious creeds and ethics evolve with culture and science, I think they can be powerful.
- Like Democracy, Science isn't Perfect, but is the Best that We Have. It is hard to argue with many of Sagan's points. Some that I thought were interesting are:
- In Western Europe in Medieval Times, the human life expectancy was about 20 to 30 years. Today it is approaching 80 in the United States.
- "Advances in medicine and agriculture have saved vastly more lives than have been lost in all the wars in history. (11)"
- Communication, transportation, entertainment, and other technologies, which have drastically changed the way we live our lives.
- If prayer is so powerful than why didn't kings and queens live longer when all of its citizens were constantly praying for his/her health and praying, "God save the Queen".
Posted at 07:00 PM
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July 16, 2004
Uncensored Free Write on Life
It's amazing! Here I am, 22-years-old, writing a blog entry to many people, most of whom I've met in the past few years. I'm writing this entry at 2am from the world's biggest city in the world's smallest apartment. I live in Spanish Harlem with my girl friend whose my business partner on a socially-active, for-profit company. I'm graduating the Stern School of Business at NYU in a few months and embarking on what seems will be an entrepreneurial career. Who would've thought? - Not the 12-year-old basketball player expecting to go to the pros, practicing fade away, game-winning Michael Jordan jump shots until dark.
- Not the grade school student dreaming about Harvard, wanting to make his mom happy.
- Not the lonely middle school student who thought that once he found the person of his dreams, he wouldn't have to work at the relationship and he'd live happily ever after.
When it gets down to it, life is down right hard to predict, if not impossible. Hell, being a millionaire has been in my 1 year plan for the last six years.
Life is nothing but seeds and sun. We plant our life with the seeds of values and visions, beliefs and goals. Sure, we can control what types of soil we plant the seeds in, but can we control the sun? Can we control the clouds, the weather, or the weeds? We live in a dynamic world where we collectively cede control to a large, interdependent system bigger and more powerful than us all. How? Simply by living life and planting our seeds, whatever type they might be, from moment to moment and day to day.
There is a saying that if a butterfly flaps its wings in one part of the world, it may result in a tornado in another part. I can only hope that values create value. I can only hope and believe that by being the change I want to see in every moment, that the sun will shine a little bit brighter for everybody.
Posted at 02:22 AM
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July 06, 2004
My Five-Minute Memoir
Yesterday, I wrote an acquaintance to tell him more about myself and my life so we could get to know each other better. After all, there is always more than meets the bio (ed note: play of words on 'more than meets the eyes'). Here is my view on an unfinished journey: - My dad is black; from Trenton, New Jersey; and grew up pretty poor. I was eight years old when he passed away. When my mom was eighteen, she and her family were kicked out of Poland for being Jewish. Their passport was taken away and they could only take very few belongings. As a teenager, her and her brother came to America by themselves.
- My mom and dad met at Mercer Country Community College. They divorced when I was four.
- Growing up I always felt different because I was an agglomeration of different classes, ethnicities, and races. I grew up in a small, suburban, middle-class town fifteen minutes from Princeton University. At the same time, both of my parents worked very hard for what they got. Consequently, they instilled in me a very strong work ethic and a belief in myself that I could accomplish anything I wanted to.
- I grew up playing a ton of sports and was generally one of the best at each one I played. At the end of grade school, I decided to focus on tennis and played tournaments for the next six years and eventually played on the NYU tennis team where I was the MVP my freshman year. In eighth grade, I had a growth spurt of seven inches in six months. This gave me very weak knees and led to injuries that still plague me and limit my potential.
- Academically, I did well. In grade school, I was always on the border line between "gifted and talented" classes and "average" classes. My mom, against my desire at the time, pushed for me to be moved up. I guess they realized it wasn't worth arguing with her and let me join the "gifted and talented" group. As such, I often felt like I was the least intelligent of my peers. To preserve my ego, I decided that I had to compete in other ways beyond academic intelligence. That's one of the reasons I think why I was open to starting a business.
- Socially, I was rather quiet and nervous, perhaps because I was an only child. My small group of friends was in between a lot of groups in the social hierarchy so we were able to hang out with any other group by and large. In ninth grade, I decided that I wanted to be popular. So I started trying to be funny and developed a reputation for being a goof ball. In the end, it worked fairly well, but not as well as I would have hoped at the time. I started to let the popularity hunt go when my business partner and I would transition from having a meeting with a client for thousands of dollars and then going to Gym class. We realized that there was a lot more to life. Similarly, I keep perspective on the 'rat race' culture of selling out ones values for what's perceived by others as success.
- My friend and I started our web development company when I was sixteen years old. We didn't know much of anything, but fortunately for us this ignorance gave us the balls to do what we did. We grew by partnering with a web development company that outsourced to us at $25/hr. This gave us the opportunity to build our client list and our skills. Our next growth spurt came when we went out on our own and outsourced our projects to India. At one point we were charging $75-$100/hour and outsourcing for $25/hour and sending a lot of projects through the pipe line. Alas, we made many mistakes and also realized that the market doesn't always throw clients at our feet that are willing to pay a lot of money. When the bubble burst, my partner and I were at college and we decided to stop doing the business. It was good while it lasted.
- Running the business was difficult because of skepticism from my mom. She wanted me to succeed, but on her terms, which meant getting good grades at good schools and moving into a safe job as a computer programmer. She saw my interest in entrepreneurship as a direct threat to her dream for me. As such, she'd often ignore, discourage, or make fun of me when I talked about doing business. After crying a few times, I decided to simply not talk about it. However, things have changed a lot now and she has been there for me during times when I really needed it.
- I didn't have any girl friends in high school. But, I met my current one my third day at NYU. We've lived together for about three years now and it has been an absolutely incredible relationship, no without its ups and downs though. We are partners on the business and our skills really complement each other. We still haven't gotten sick of seeing each other many hours every day. Miraculously, we still find interesting things to talk about.
- At NYU, I've gotten very involved in youth entrepreneurship organizations, particularly the National Foundation for Teaching Entrepreneurship. I am an alumni, on the NY Metro advisory board, volunteer, and work for/shadow the president once a week.
- While at NYU, I've spent quite a bit of time attending self-development/spirituality/creativity seminars and conferences. I also journal quite a bit. Keeping everything in perspective is extremely important to me.
- I've also spent a lot of time networking. When I got to New York City, I didn't know anybody. Now, I have over 700 contacts in my personal database.
- I didn't really enjoy NYU when I first came here. In retrospect, I think this was due to a combination of large required classes with hundreds of other students who didn't want to be there. It also was due to picking classes very poorly, having a lot of difficulty sitting in one place for an extended amount of time, and not giving school the chance I could've in terms of time. During my sophomore year I took a semester off to get away and to soul search. The experience really helped me grow and when I came back to NYU, I made the most of it! Overall, I've really enjoyed my NYU experience and am extremely happy that I chose it over the other schools I got into, including higher ranked ones. I would even call it a dream school. For me, it was definitely true that you don't really learn how to maximize school until its too late and you graduate. I may go back to school for a Phd some day.
- I could talk about Extreme Entrepreneurship and The Student Success Manifesto, which have been a big part of my life the last two years, but you'll just have to read this blog to find out more.
- My vision is to make a large, lasting, positive difference in the world by being the change I want to see in every moment.
To be continued...
Posted at 01:28 PM
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June 29, 2004
Life's Ups and Ups
Right now, I'm in one of those crazy work modes where I'm just inspired. Last night, I worked until 6:00am, woke up four hours later, and here I am now - eyes wide open, heart pounding. Either everything is coming together or I'm just really happy with the way things are or both. In various news: - Last week we met with the managing director of the venture capital firm that Sheena works for. He gave some really great advice about how we could incorporate technology into our publishing model. The meeting concluded with him asking if we could do it again in a month.
- Two weeks ago we met with a Brown University professor who was a successful entrepreneur in a former life. Also, he teaches a course that helps students create a framework for their lives through the lens of entrpereneuershp. It was really great to see that a course like this exists! Right now, we're communicating via email about potential ways we could collaborate.
- Sheena and I are doing an independent study with John Sexton, the president of NYU, which started last week. It promises to be extremely exciting and will be on the topic of community development.
- I'm doing an global entrepreneurship independent study with Professor Wiesen, who is a Stern Professor and as well a cofounder of Tofutti and the Financial News Network (sold to CNBC).
- I'm back into playing tennis. I'm playing about once a week and hoping to move that up to three or four times.
- Besides that I've just been enjoying another summer in the city.
Posted at 12:30 AM
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June 21, 2004
The Tyranny of Choice
Article Summary
Logic suggests that having options allows people to select precisely what makes them happiest. But, as studies show, abundant choice often makes for misery.
Link to Scientific American Article
Posted at 09:35 PM
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June 16, 2004
Fixate or Focus
A few years ago, a friend of mine mentioned that many famous artists eventually go crazy. For some reason, this was just one of those things that stuck in my mind. Well, over the past few months, I've been developing a theory on why this might happen...
One of my most distinctive attributes is that I often enter into states of flow and creativity where I lose sight of everything else. Food, significant others, school, etc. all become meaningless no matter how much I might normally love them. In those hours of flow, in addition to working for many hours straight on pure inspiration, I come up with many creative ideas (at least they seem that way until I wake up the next day). In fact, I'm so impressed with my ideas that I might start dancing around our apartment or fall to my knees in euphoria. In the past, I've taken pride in this, considering it one of my strengths.
However, recently I've been noticing that it does come with its disadvantages if not managed properly. Below are those disadvantages coupled with possible solutions: - Execution. Something that the entrepreneurially minded aren't lacking is ideas. What are lacking are resources to execute those ideas. Constantly becoming infatuated with the next 'million dollar' idea does not lead to real results.
Realization: Ideas don't have value in and of themselves. They are seeds that require resources to grow. A general rule of thumb is that whatever amount resources you think a project requires, multiply by two.
- Focus. Sitting in one place is extremely difficult for me, especially during classes. If the class is too boring, than my mind starts to come up with new ideas. If the class is too exciting, then my mind also starts going off the wall with new ideas. My heart rate speeds up, I bite my nails until their bloody (one of those childhood habits that didn't go away), and I intermittently write in my notebook and make eye contact with my professor when in reality I'm just brainstorming about business. Also, on a smaller level, I have difficulty listening to people for the same reasons as above.
Realization: Fixation leads to separation from your environment and lack of open-mindedness.
- Perspective Lastly, these flow periods often get more and more hectic. Instead of the problems being exciting, they become larger and more important than they actually are. With so many possibilities, I begin to feel behind because I don't have the time or resources to implement them.
Realization: Ideas can create a false reality, no matter how much you think your ideas are the truth. I love flying on stormy days because I learn the power of perspective. I'm always surprised and awed to see that the sun is always brilliantly shining when the plane gets high enough.
In the end, I think both flow and creativity are not innately good or bad. It's about how they're used. Proceed with caution.
Posted at 08:05 PM
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May 10, 2004
Time Focus
For the next few months, I plan to focus my time on the following: - School
- Meditation (1.5 hours/day)
- Extreme Entrepreneurship
- Building advisory board
- Raising funds
- Helping to launch workbook
- Writing the second edition of the book
- Further building systems (web site, etc.)
- Looking for distributor
- Writing Fiction Book with Best-Seller and Movie Potential (50 pages in so far)
Posted at 12:54 AM
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To Blog Or Not to Blog?
I started blogging in late June of 2003 and updated it fairly continuously until January of 2004, making over 200 total posts in all. Some of my general musings on it are: - Word-of-Mouth: In the back of my mind, I pictured the blog quickly growing via word-of-mouth and having lots of regular readers. While it did garner regular readers, the number was fairly low. This probably has to do a lot with my writing style, how long I've been writing, the interestingess of what I write about, and so on.
- Managing the Network: Overall, I thought the tool was very effective in keeping in touch with people of varying relations to me. With a growing network of contacts, I'm quickly realizing that actually effectively managing my network is going to be a larger obstacle than growing it.
- Accelerating the Network: I thought the blog was a very powerful tool to accelerate initial growth of contacts. For example, let's say I just met somebody at an event. By reading my blog, they can rapidly learn more not only about certain things I've done, but who I am and how I think.
- Inspirational/Useful: I did get comments from regular readers of the blog that they found it inspirational read.
- TIME!: In the end, the largest challenge to blogging was the time spent creating a quality entry, which is about 1.5 hours for me.
In the end, did the benefits outweight the costs? In other words, was it worth it? To that question, I must give the answer that nobody likes to hear, which is 'maybe'. I think I learned a fair amount, which I can apply to making a blog that is better moving forward. Here are the preliminary changes, I plan to make: - Make less frequent, but higher quality posts.
- Measure what works and what doesn't.
- Integrate Sheena and I's blog more. If you haven't noticed, we are dual-blogging now.
- Generate word-of-mouth. I plan to spend more time thinking about what I'm going to write about and making the writing more interesting.
- Leverage Notifications. Movable Type has a feature where whenever new blog entries are made, you can notify people of the entry and send them an excerpt. I would like to advertise this feature to people when they sign up for the quarterlyEE Newsletter so that Extreme Entrepreneurship is on their mind more often.
Posted at 12:28 AM
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Life Update
It has been nearly four months since my last full length post. Let me first start off by saying that while a lot has not changed in my life, a lot has changed in my thinking. Let me start off with the life updates though:
Life Updates:
- I've chosen to graduate NYU in August. I'm taking 13.5 credits over the summer, which includes the following classes: managerial accounting, global history, consumer behavior, and two independent studies.
- Upon graduation, Sheena and I have chosen to raise funds and focus on the publishing company full-time.
- Sheena and I have moved from Carroll Gardens in Brooklyn, NYC to Washington Heights in Manhattan, NYC on April 1st after a 24-hr moving marathon (no exaggeration). The area is completely different than any I've ever been in before. Rather than go into details, I will just say that it is very much like living in a different country. The first language is Spanish, not English.
- I spoke to the freshman class at the Stern Business School at NYU. It was the largest audience I've ever spoken to and I thought it went very well.
- My dog, Ginger, died.
- For spring break, I went to a 10-day meditation retreat in Illinois. It was absolutely one of the best experiences I've ever gone through! More that later.
Posted at 12:03 AM
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April 19, 2004
A Dog Died Today
Today, my dog, Ginger, died. Or rather she fell asleep in my mother and I's arms and will never wake. And now she lives on in memories that I know will never be repeated.
About three months ago, Ginger was diagnosed with congestive heart failure. She was given one year, may be two live. However, her condition rapidly declined. I had come home many times over the past few months thinking that each time would be the last time I'd see her. So when my mom emailed me this morning and said, "I'll have to put Ginger to sleep tonight," I thought I was ready. Now, I know you can never truly be ready for something like that.
My last memory of Ginger is my mom and I holding her at the vet along with two attendants. She stared at me unaware of her imminent fate. I stared deeply and affectionately into her round, brown eyes, until at last, her eyes glossed over with death and mine with tears.
Posted at 11:47 PM
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January 28, 2004
A Fictional Business Bestseller
I just finished The Goal, which I read for my Operations Management class. Even though it isn't due until late February, I haven't been able to put it down the past few days.
It is actually a fictional account of a plant manager's saga to turn around a plant and, for that matter, his marriage. As I read the book, I learned about an important operation management concept that revolutionized manufacturing called "The Theory of Constraints". Also, I saw a lot of relevance of how the concept could be applied to my own life right away.
I found the fiction format appealing because: - It's more interesting.
- It puts the theory into a real-world context, which makes it easier to understand.
Robert Kiyosaki really took advantage of this format in his series of Rich Dad, Poor Dad books by turning the topic of accounting into a perennial bestseller with wide appeal. This got me more excited about the concept of a fictional book that explicates the concepts of Extreme Entrepreneurship.
Posted at 12:31 PM
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January 25, 2004
Fiction, Here I Come!
After a five year hiatus from creative writing, I'm back having just completed the rough draft of my second paper for Baseball as a Road to God. (Yes, I eventually got in after being waitlisted.) This is my first piece of fiction since my 11th grade creative writing class where I pulled an all-nighter at a friend's house to write a story of a student's travels in time. Let's just say that I'm happy I lost that one in the computer crash of '01.
It's amazing that after only one class, I've already read three books and written two papers, but the good news is that I've tentatively gotten permission for each of my papers to be a chapter of a story. This means that by the end of the class I will have at least 60 pages done and might be on the road to my first fiction book. It's funny how intentions become realized.
On a side note, our first class was great. President Sexton basically told stories for two hours as twenty-one of us (fourteen students and seven teaching assistants) smiled, laughed, enjoyed the show, and learned a lot too.
Posted at 09:00 PM
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January 18, 2004
If I Had Schooling To Do Over Again
Today, I was thinking about how various subjects such as creative writing, economics, history, international relations, etc. are interesting to me now. At the same time, I realized that I had taken these various courses at some point during my 15+ year school career. Even though I passed these classes, mostly with fairly good grades, I either joked around in them or did not take them seriously, mostly because I did not find them interesting or relevant.
If I had to do everything over again (assuming I was a super learner), I would... - Focus almost completely on finding the right teacher/mentor for my passions and apply their knowledge to real-world projects. For example, when learning to write, I would have tried to write publishable work. When learning about sciences, I would have wanted to create my own experiments based on questions I developed from my experiences in the world.
- Actively seek out mentors who were scientists, authors, and professionals using pre-teen boyish charm.
- Go an alternative, unconventional school or be unschooled/homeschooled.
- Focus on building a like-minded community of peers that I would have long-term relationships with.
- Start a business earlier.
- Start reading self-development books earlier.
- Find an invigorating learn/work/have fun balance that I could sustain and improve upon for the rest of my life.
The Power of a Teacher.
I think great teachers have the ability to: - Give work in a way that it doesn't feel like work.
- Make what they're teaching relevant, an extension of one's life and not something that we may or may not use in a future career.
- Make a subject really interesting often because they themselves are obsessed with it.
- Care more about teaching then about following standardized rules.
- Know how to control a class without ever yelling.
Posted at 11:51 PM
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The Suave AIM Dis
When someone says 'Hi' to you in Instant Messenger and then you log out immediately afterwards. I was just on the receiving end of this, literally hearing the infamous AIM door slam sound. I guess this is acceptable Internet etiquette.
Posted at 12:24 AM
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January 17, 2004
Fiction Quirk
As I was listening to The Iowa Baseball Confederacy today on tape, I remembered something which I had forgot about fiction books, the power of the ending. To me, it seems like an ending can make or break a book.
As I got to the second side of the last tape of the audio book, I started to become nervous as I didn't see any clear way for the book to end in such a short amount of time. It reminded me of the feeling I sometimes get while watching a really good movie, knowing that it is nearing the time it is supposed to end, and fearing that it will have one of those abrupt, unsatisfying endings. In the end, I found myself asking, "What just happened?" After re-listening to the ending, the question only became stronger in my head, "What the hell just happened?!" I wondered - half disappointed at myself for not knowing and half angry at the book.
Oh yeah, I have another problem from my six hours of reading today. This one has to do with audio books. During the duration of my listening, I accidentally fell asleep or daydreamed five-six times while lying in bed staring at the ceiling. I think I only missed a few minutes each time, but I can't be really sure. Perhaps, this is why the ending baffled me.
Posted at 08:43 PM
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Fiction vs. Non-Fiction
Over the past few years, I've spent thousands of dollars on books: 80% of which I actually ended up reading and 99.99% of which were non-fiction.
Somewhere in my junior year of high school I became enamored by the fact that you could find and buy books on practically any subject written by inaccessible, world leading experts for $15. The realization that you could get decades of knowledge logically distilled over a period of a few hours was just amazing to me. I started to be and still am amazed at how unpopular and uncapitalized upon reading is. I remember reading somewhere that the average American only reads two books after finishing with schooling, but watches four hours of TV a day. Wow!
At any rate, I thought about the areas where I wanted to learn more and started buying away, on topics ranging from spirituality and self-development to biography and business. I reasoned to myself that even if I took away just one major concept from each book and applied it, my life could take a completely new path.
My reasoning against fiction was the following: - There were often slow spots that were hard to get over, which resulted in many books being only half-read.
- I often had difficulty applying the concepts to my own life because they were too vague for me. I wasn't exactly sure what the author was trying to get at and that bothered me. I wanted to know exactly what the author was thinking and his/her reasons for thinking it.
- I'm a fairly slow reader, so I felt like I could get more bang for the buck by simply watching movies, which were more grabbing.
- Fiction isn't true. This bothered because I felt that the information gleaned from it wasn't as useful.
However, as I get older, more introspective, and more firm in my world-view, I'm slowly beginning to realize the value of fiction more. Namely, I think good fiction can raise more questions than answers, which in itself is extremely valuable.
Over the past few years, journaling has become a more valuable process than reading for me. Through journaling, I'm able to effectively process my life experiences and develop new and evolving questions and answers. Perhaps some really good fiction, would help me look at life from new perspectives, challenge my existing beliefs, and bring up new, interesting, and enigmatic questions for me to ponder.
When I get time, I would like to make a concerted effort to read some good fiction. Similarly, the idea of writing a fiction book or screenplay is something that has been secretly appealing to me over the past few months.
Posted at 07:56 PM
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January 14, 2004
Psyched, But Afraid
While searching for a class to top off my schedule for next semester, I found a 2-credit class that I really want to take called Baseball as a Road to God taught by John Sexton, the president of NYU. Below is a course description with an ensuing email dialogue that will help you understand why I'm very psyched, but afraid of the workload:
Baseball as a Road to God
Permission of the instructor required. Prospective registrants should contact the instructor by email (john.sexton@nyu.edu) and provide a little information about yourself, including your area of concentration (or major, if you are a non-Gallatin student), your reason for taking this course, and how the course relates to your area of concentration (or major)...
Baseball has been called America's game, and it captures the American progressive spirit in a special way. (Only in America would there be a game the object of which would be to bat a ball outside a playing field, with the result named "going home.") Still more, the game has revealed a capacity to grip individuals, families, and collections of friends in a way that transforms their experience of the mundane into something sublime -- for some, a genuinely spiritual experience. This course examines baseball as a metaphor capable of producing such experiences. It uses both a set of readings illustrative of the metaphor (such as Kinsella's The Iowa Baseball Confederacy) and a set of readings reflecting on the metaphor (such as Giamatti's A Great and Glorious Game). These readings are discussed against a background of religion as a phenomenon (illustrated with texts such as Eliade's The Sacred and the Profane). The course entails a commitment to substantial reading (12 books and additional short pieces) and writing (7 papers of 5-6 pages and 1 longer final paper). Class discussion requires a mastery of the readings before class and participation.
For my email back and his generic response (abbreviated), please continue reading through the extended entry.
To: John Sexton
From: Michael Simmons
Subject: Taking "Baseball as a Road to God"
Dear Professor Sexton,
I am extremely interested in taking your baseball/religion course, which I just came upon half an hour ago! As soon as I saw the course, I knew that I wanted to do whatever I could to take it even though it was already closed. I hope that my answers below will result in you approving me to take the course?
About Me - Senior, Stern Marketing Major
- Author, Best-Selling Youth Entrepreneurship Book, The Student Success Manifesto
- Advisory Board Member, The National Foundation for Teaching Entrepreneurship
- Winner, Three Entrepreneur of the Year Awards
- Former President, NYU Entrepreneurial Exchange Group (Winner of President?s Service Award)
Reason for Taking Course
There are two major reasons I would like to take the course: - ?Because you are teaching it - I?ve been to almost every single one of your town hall meetings and have read all of your speeches/texts that I could find online over the past year and a half. I have applied to all of your dinner lotteries (unsuccessfully) and spoke (unsuccessfully) with JJ Jackson / Diane Yu about the possibility of shadowing you last summer. Simply, I find your presence and style of communicating very inspiring and I think spending a whole semester with you would leave a large impact on my life.
- ?Because I?m interested in spirituality ? I believe that spirituality (who I am / why I am here) are core to life. As a result, I think it is extremely important to constantly ask myself these questions and challenge my current perspectives on them. Over the past few years I?ve been to a diversity of conferences and have read many books related to spirituality and have found most of them very useful. However, I would be very interested in looking at the topic from a more rigorous, academic perspective.
How Course Relates to Your Area of Concentration
To me, marketing is the science of understanding and influencing people. Therefore, I think that by learning more about myself and about core aspects of being human through religion/spirituality, I can understand more about others, and therefore market to them better. However, rather than boring you by trying to create a strong correlation between Marketing and ?Baseball as a Road to God? (although anything can be argued), I would just like to say that I believe the course is very relevant to my life because it would challenge some of my core assumptions. Therefore, it results would positively color all parts of my life.
Best,
Michael Simmons
To: Michael Simmons
From: John Sexton
Subject: Re: Taking "Baseball as a Road to God"
Michael:
Thank you for expressing interest in working with me in the Spring course, Baseball as a Road to God...I think we will have a terrific class, but I want to let you know in advance that it will be a lot of work.
...For that first class, you should have read two books thoroughly: Mireca Elliade's Sacred and Profane and W.P. Kinsella's The Iowa Baseball Confederacy. You also should complete and bring to the first class a five page (typed, double spaced) paper offering some theory or story of connection between these two books. If other commitments prevent you from completing this assignment, you should not take the course...
Thank you again for your interest. I very much look forward to working with you.
John
Posted at 10:29 AM
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January 12, 2004
Titles for Blog Entries
I've seen many blog entries written about blogging, but never any about coming up blog entry titles, which is an art in itself.
I realized that I needed to put more psychic energy in that direction when I started naming my next entry, "On Spirituality". Just adding an "On" at the beginning of a title may be grabbing when first employed, but, at this point, I feel like I'm falling on it as crutch and have used it for nearly 10 entries (i.e., 'On Parents and Entrepreneurship', 'On Hearing Kaleil Isaza Tuzman Speak', 'On Listening to the Former Chairman of the SEC', etc.).
In the past, I've haven't put too much thought to coming up with a title. Today, I decided to read three articles that will hopefully help: Moving forward, you can judge the results for yourself.
Posted at 08:40 PM
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January 11, 2004
The Power of Inspiration
In my opinion, the power of inspiration is marginalized way too much by people in general. We aren't really taught how to become inspired and motivated in school, and "motivational" books are considered flaky by many.
However, as I look back on my life, I see it as many moments of inspiration. I see it as about-face moments where I see new, purposeful directions my life could take and I set out on them.
Below are some of the key aspects of inspiration to me: - Lost in the process. Forgetting about anything else, but the task at hand (e.g., HW, food, time).
- New Priorities. Completely prioritizing the task at hand.
- Clarity. As a result of extreme clarity, I suddenly see numerous opportunities and possibilities that I hadn't seen before. In other words, I see new paths that my life will take.
- Rejuvenated Will-Power and Belief in Self. I know that some things will never be the same, simply because I choose for them not to be. In other words, pursuing and achieving an opportunity becomes a matter of when, not if.
- I'm happy. I'm completely fulfilled by the task at hand.
Although these experiences fill up a relatively small amount of time in my life, they are what I believe to be the main shapers of it. Something I definitely want to think about more, is getting better at sparking and holding on to these experiences. I want to constantly get better at "being the change I want to see in the world."
Posted at 06:38 PM
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January 09, 2004
On Meeting with Kaleil Isaza Tuzman
Yesterday, I had the opportunity to meet with Kaleil, about a month and a half after I heard him speak in late November. I thought the meeting went as well as it could've and lasted about an hour and a half. I thought that we were really able to connect based on the fact that we both had Polish, Jewish mothers and on the fact that we each have a strong commitment to spirituality.
We actually never spoke about Startup.com, but one thing I thought was interesting was that the movie really didn't do a good job of depicting his personality in my opinion. It must be annoying that the 40 million some odd people who saw the movie, have an inaccurate first impression of him. I guess that comes with the territory though.
One insecurity I had before the meeting him was that I didn't see clear, compelling ways that I could add value to him or for him to add value to me. Often times, I have a fairly clear idea of these two things. In this case, I was very impressed by his speaking engagement and I knew he had a new book coming out, so I just wanted to meet him, develop a relationship, and learn about and from him as an individual. At any rate, things worked out.
Posted at 05:10 PM
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January 07, 2004
Attractiveness Tip / Quip
I've gotten Sheena to admit that she thinks my crackly, post-flu voice is "a little attractive". I've come to the conclusion that she really thinks it is more than "a little attractive" for the following two reasons: - She was trying not to inflate my ego so I wouldn't ask her more questions about it.
- She didn't want to admit that she likes raspy voices.
The only reason I ask is because at a Model United Nations conference in high school, I was attracted to a girl who was getting over a flu and had a cute, raspy, post-flu voice.
Could it be that since the dawn of human kind the raspy, post-flu voice has been attractive, but nobody was aware of it enough to talk about it. If so, should I try to write an article on it for YM or Seventeen Magazine, or should I take my world-changing idea to the Vogues of the world. Or...Is this just a me thing? Did I interpret Sheena's comment in the wrong way? Did she really mean to say, "I'm doing something else, and if I say 'a little' he will get off my back."
5 Minute Update: Sheena's response to how valid my idea is - "a little".
ed note: I wish she hadn't said that.
Posted at 08:15 PM
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January 05, 2004
The "Sell Out" / "Starving Artist" Dilemma
Van Gogh didn?t sell a painting during his lifetime (according to the movie, Mona Lisa Smile). Yet, today he is considered one of the world?s most famous painters. In choosing to fully express himself, Van Gogh did not become ?financially? successful from his art (forgive and correct me if I?m wrong art history majors). Was his artistic integrity worth it in the end? Was being a starving artist worth it?
The past few years, I?ve been fairly cutting-edge or "out there" depending on how you look at it. I?ve gotten very interested in entrepreneurship, spirituality, health (raw food), alternative education, and creativity and really enjoyed learning about these areas of life that I had never been meaningfully exposed to while living in a suburban town in New Jersey.
So let me reflect with some questions: - Which of the three choices below is better:
- Fitting into evolving cultural and financial systems. By fitting in an individual capitalizes on what is accepted or proven to work. If people wear suffocating pieces of fabric around their neck (ties) in the business world, then they wear ties too. If everybody around them gets high grades, goes to good schools, and follows a certain career path, then they follow that path too. While this path seems to have the least resistance it is risky because the system is always evolving and when the system changes, this individual might get the short-end of the stick.
- Being cutting-edge. This is an individual who participates in the cultural and financial institutions of the time, but who actively makes decisions based on their private beliefs about the world, which may not be proven or accepted.
- Being the "Starving Artist". The starving artist stays true to his/her "unconventional" beliefs about the world and expresses them, whether or not they are popular with other people. Van Gogh was a starving artist. Galileo was a starving artist. For example, born in 1564, Galileo invented the telescope. Using this invention he confirmed that the earth revolved around the sun and not the other way around. As a result of exposing/confirming this theory and teaching it to his students at university, even though it went against the beliefs of the Catholic Church, he was convicted of heresy and life imprisonment (because of old age, he was alllowed to pass the sentence at his villa). Is it worth being the Galileo of the world? Is it worth being the Van Gogh of the world?
- Is it possible to not sacrifice artistic integrity and still capitalize on the cultural and financial system? Is it bad to 'tweak' artistic integrity? For example, is it bad for a publisher who believes in helping the environment, to not use soy ink or recycled paper for printing materials to save costs? What if the business could not be started without using "normal" paper and ink?
- Should one choose to fit in until one has achieved a large amount of cultural respect and/or financial success and then become cutting-edge or "out there"? For example, I've heard from numerous people that have met him, that Tommy Hilfiger wears very scrappy clothes that are sometimes not even from his own company. If he did this when he was first starting his company, people would question his commitment and fashion-style. At a recent Business Today conference, Russell Simmons wore attire from his line of clothes (Phat Farm) even though he was speaking to an audience who was dressed in suits. If I did this, it might be considered weird.
Posted at 08:22 PM
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December 13, 2003
End of Finals Create New Beginning
My last final is this Tuesday. While I've enjoyed this semester, I look forward to having the next month to reflect, restrategize, relax, and blog (sorry for the lack of it lately).
Posted at 11:00 PM
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December 07, 2003
Possible Project
I've been extremely busy the past week catching up with school. After 6-7 hours of sleep, I've been pretty much working until I fall asleep. Ironically, I would say that past two weeks have been two of the best of my life. I haven't been jumping off the walls with glee, but overall I've just been very happy, fulfilled, present, and loving. When I do get angry or worried, I've been noticing it and returning to a baseline state more quickly than I normally do.
A lot of this can be attributed to my lessons learned from the Amazon.com Bestseller Campaign and my resulting prioritization of happiness. For some reason the silliness of being so worried and stressed about something, especially something that ended up working out, seemed so silly to me.
At any rate, I've decided to prioritize happiness even more by embarking on one of the largest projects I've ever embarked on (it still has to pass the morning-after test though). I will put happiness and fulfillment as my #1 priority and focus on them religiously through out the day. As I go along, I will journal and blog about my successes/set backs and what I've learned. This is not a project with a clear end in mind where once acheive it I can get an award that says, "Happiest Student of the Year Award". It will be an ongoing process. I imagine I will continue to focus on it if it brings the benefits I'm hoping for.
As I write this, I realize that I may feel completely different tomorrow morning. In which case, I will make an addendum to this entry saying, "Upon further reflection this project has been postponed indefinitely." I also realize that this is another impulsive decision. Therefore, if I wake up tomorrow morning and really like it, I'm going to think about what the commitment entails and how the commitment is going to look like in my life on a daily basis. And then I will journal about the costs and benefits.
Some reasons this project seems very important to me right now are: - Everybody talks about how happiness and fulfillment are two major keys to life (something, which I agree with). However, very few people really act like they are. Very few people seem to keep life in perspective on an ongoing basis.
- It's nice to be happy and fulfilled.
- I believe very strongly that it is possible to be the change I want to see in each moment regardless (to a point) of my external situation.
- Happiness is contagious and will improve the lives of those around me and consequently my life.
- I believe that by being the change I want to see, I will make better decisions and act more harmoniously.
- I believe that the decisions I make in my life (even the small ones) are extremely important and that their effects compound over time. For example, if you look at the decision tree below, you can see that the first decision completely changes the paths followed in the future.
 With that said, I want to put my efforts more where my beliefs are. I've always aimed toward being happy and enjoy my life , but I think I could focus on it more directly and walk the talk even more. I really want to think about how to systematically overcome my obsctacles WHILE going on with normal life.
Over the next few weeks or months, my journal entries might be more focused on the progress of the project/experiment. They will also keep me accountable.
One thing that I'm watching out for is fake happiness. I'm not exactly sure what 'fake happiness' means, but I've definitely met people who say they're very happy, but don't act or behave accordingly (in my opinion). As such, I'm going to have to really think about what it means to be happy and fulfilled and how I know if I'm getting closer to it.
Posted at 12:03 AM
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December 01, 2003
Amazon.com Lessons Learned
I keep on telling others that I learned a lot from the Amazon experience, but I've kept on pushing back writing about these lessons until now.
The Lessons Learned - Always plan for the worst. We were expecting nearly $10,000 in checks since September. Because they were already delayed we figured that they would come any day, so we incorrectly assumed that the money would arrive when we needed it. In retrospect, we should have followed up with the organizations earlier and created backup plans no matter how sure we were.
- Know the benefits and costs of your various choices. Based on Amazon.com Bestseller Reports I had read, I determined that the main marketing strategy to be employed would be writing a sales letter and getting other list owners who target enterprising students to tell their lists. What I didn't think about was:
- The number of people that normally open the newsletters sent out.
- The conversion rate for these people that open the newsletter.
My good friend, Ryan Allis, who operates a newsletter with 10,000 suscribers, sent out the offer to his list. 1 out of 10 people opened the newsletter and 1 out of 100 of those 1,000 purchased the book. In other words, 10 people purchased the book as a result of his email newsletter. With those statistics, 250,000 enterprising youth would have had to been reached with our offer through newsletters. With those sort of numbers earlier on, I would have devoted most of my time to bulk purchases. As it were, more than 70% the orders came from bulk purchases, yet I spent 90% of time trying to get individual purchases.
- Pursuing a large, short-term goal with varying levels of support from many people, with a very uncertain outcome can be a lot of fun. After making a public commitment (through this blog, the newsletter, and through conversations) and a private commitment with myself, Sheena, and other collaborators, I was extremely focused on the goal. Also, because I felt like the goal could be achieved, but that we were behind where we wanted to be, I committed a lot of time and lost sleep (something that I haven't done for anything over an extended amount of time since Freshman year). I sacrificed a lot of pleasantries so that everything I was doing could lead to the goal. While this was certainly stressful at points, I have to say that there was something exhilarating about the process. Part of me wants to avoid that stress ever again and part of me wants to leap into another project with my lessons learned.
- Selling yourself to soon is risky. In retrospect, I don't think we should have aimed to become a bestseller on my birthday. One night in early October while I was reading about a how to become a bestseller, a press release headline shot into my head, "Birthday Boy Becomes Bestseller". I even started to write a press release for it. Once this was in my mind I stubbornly made the vision my reality and tried to fit our limited time and money resources into it, instead of practically thinking about the sacrifices that would need to be made. Because the idea had become a reality in my head and I had sold myself so strongly, I had a logical, convincing reason for every point that Sheena made for pushing back the bestseller day.
According to my entrepreneurship textbook, The Entrepreneurial Venture, "Entrepreneurship is a management style that involves pursuing opportunity without regard to the resources currently enrolled." While this style of management ended up working to achieve the goal, I think it can be risky when pursued in haste, without proper planning. In the future, I need to be careful what visions I sell myself on. If we had pushed back the date, we still could've been a bestseller, been less stressed, have lost less sleep, and been a #1 bestseller.
Good thing that there is always tomorrow.
Posted at 10:08 PM
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On Parents and Entrepreneurship
What makes an entrepreneur, an entrepreneur? I once read research that said that entrepreneurs are unique because discouragement leads to encouragement. In other words, entrepreneurs enjoy proving other people wrong.
This description of an entrepreneur has certainly fit me before! My mom is very traditional in terms of her views towards education. She moved to America when she was seventeen years old. Through a lot of hard work, she was able to complete college, something that she considers one of the most major achievements of her life. When I was born, one of her major goals for me was to graduate from a prestigious college. Consequently, she has always wanted me to get good grades so I could go to a good school and she supported me very heavily towards this end.
As I became more interested in entrepreneurship in high school, my mom started to see my business as a threat. At first we got in arguments over it, and after awhile I vowed not to talk about it with her because it hurt so much to have something I was so passionate about be shot down by somebody so close to me. In the back of my mind (and partially in the front), one of the major reasons I wanted to succeed was to show my mom and others that I could follow my own path and be successful. While this isn't my main motivator anymore (I think), it definitely served its purpose.
Now, my relationship with my mom is better than it has ever been before. Growing up it was just my mom and I, and arguments were a way of life for us. Our relationship going so well now is so new to me. I'm realizing a love for her that I didn't know existed because it was covered by years of mean things I wish I hadn't said. Even though we have some very different beliefs about the world, we are now connecting on our similarities and I can feel this new change rippling out through my entire world view in a good way.
I have often heard others say that the people closest to you will try to stop you from following your passion because they love you and want you to be safe. It is one thing to understand this intellectually and another to feel it. I feel it now.
This feeling definitely helps me appreciate other students who have 'sacrificed' their own goals to keep the family together or to keep loved ones happy. While I generally believe that 'sacrificing' your own goals hurts everybody in the long-term, I can definitely see how there is a lot of gray area and that decisions that go against the grain can be difficult to make.
Posted at 02:16 AM
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November 24, 2003
On Hearing Kaleil Isaza Tuzman Speak
Yesterday, I had the opportunity to hear Kaleil speak and then talk with him briefly afterwards. For those of you who don't know him, he was the main character in Startup.com, a movie which follows Kaleil raising over $60 million and then eventually losing $50 million of it. In addition, he is writing a book on entrepreneurship, which is coming out in the Spring. I think it will be very well received based on the concepts he brought up in his talk.
He definitely has a good blend of charisma, determination, and centeredness. It is interesting to see how the movie depicted him very much differently (more selfish) in my opinion. I wonder if this depiction hurts him when he meets new people.
At any rate, I followed up with an email, sent my book, and asked if we could meet. Hopefully, we can build a mutually-beneficial relationship.
Posted at 11:11 PM
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Things Change
You know those moments where something happens and you realize how much you've changed over a certain amount of time. For example, maybe you go home after being gone for a long time or maybe you have this realization on New Year's evening when you're reflecting.
Well, when I was walking down the street eating a whole cucumber like one would eat a corn dog, I realized that I had changed. (For those who are new to this blog, I eat a primarly raw, organic, vegan diet. If you're curious about that type of diet, you can read my earlier blog entries.)
Posted at 11:00 PM
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Not Making a Scene
Real Note to Self: Remove MetroCard from wallet before walking really quickly into an unyielding turnstyle.
If you do happen to forget this and walk so quickly that you almost fall over it, avoid eye contact with others, calmly swipe your MetroCard, and disappear.
If you can't avoid looking to see if anybody noticed and realize that a group of surrounding rush hour commuters are staring at you, some laughing out loud and some laughing silently, you should: laugh with them and play down the situation with one of the following comments: - "Just one of those days (add a slight 'what can you do?' shrug of the shoulders)."
- Pat the turnstyle like you're patting the back of a horse and say something like, "Yep. Yep. This thing isn't go anywhere." Then procede as if nothing had happened.
Pretending like it never happened definitely seems to work for a certain range of awkward situations. You just have to be mindful to stay in the range. For example, let's say you are running really quickly to catch a train and you see somebody you know right before you go through the turnstyle. As a result, you forget to swipe the card, slam into an unyielding turnstyle, and flip over it. Although, you might feel both stupid and in pain, you should acknowledge it and go for 'Are you o.k.' comments. In fact, you may want to give out a slight shout of pain, hold your legs, or stay down on the ground longer then you have to. You shouldn't stand up right away, dust yourself off, ignore the friend who said hi to you, and walk to your train. If you did, you might seem a little bit weird. Similarly, if you are walking calmly and you mis-swipe your MetroCard once on the scanner, you shouldn't look at the person behind you, point at the turnstyle and say, "Whoa there boy" or "Can never be too sure about this technology?"
At any rate, if you can downplay awkward situations within the right range, you are gold. Below are some situations you might find this advice helpful with: - You finish a really good conversation with somebody you just met or only sort of know and say good bye to each other. Then you constantly see each other through out the night. Should you say 'hello' when you see each other again at the event? the second time? the third time? If you happen to make eye contact, should you quickly look away?
- You're walking down the street or hallway with somebody you sort of want to impress. You see a friend or acquaintace walking by and you wave to them and say 'hi', but they keep on walking because they didn't see you.
- You say what you think is a really funny joke and get no response at a speaking engagement. You repeat it again, but with more detail because you thought people didn't understand it the first time, but you get a similarly quiet response again.
Good Luck!
Ed Note: Sheena is at a Business Today Conference. She normally edits out corny, unfunny, and nonsensical parts of my entries.
Posted at 09:54 PM
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November 17, 2003
Mouse in the House Update #4
Below is an excerpt of an email sent to me today by Sheena: The mice are coming out already and it's only 4:30 pm. I scared it pretty bad with a penny to get it out of the pan on the stove but could you please look into a have a heart trap today? I think it has moved into a necessary "realm of action". I looks like we're going the route of the "Have-a-heart Trap".
Posted at 05:12 PM
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Mouse in the House Update #3
I write now with cutting-edge news on the Mouse in the House saga (hopefully, the final part of a trilogy): - Mouse in the House
- Mouse in the House Update #2
Apparently, there is a whole mouse problem on our street. So the grand daughter of my land lord came home with a plethora of mouse traps one day. She came with poison, something that had a smell that mice don't like, and a trap that is very sticky and makes it so the mouse can't get away. She made me promise to put out the traps, even after I said I didn't want to. So I took them to please her and haven't done anything with them. A few days later, I heard that she had caught two mice and so I thought "The Mouse in the House" saga was over....until now!
Here are some startling observations/thoughts: - Tonight, I've been hearing the thrashing a plastic bag in the cabinet. Sheena's been asleep and I've sort of just been ignoring it.
- While I was hearing these sounds, I suddenly saw a mouse appear four feet away from me, on the other side of the room from where the sounds were coming. Upon seeing it, I immediately jumped in the air completely shocked. The mouse did something similar and ran back to where it came from. With this observation I realized that withstanding the possiblity that it rustled the plastic bag and went 20-feet across the room wihout me seeing it in less than 5 seconds, there are at least two mice. However, I'm not ruling out the possiblity of the one mouse bag rustling / running across the room combo. I've seen movies where individuals try to make noise from various locations at the same time so that their prey thinks that it is surrounded or at least outnumbered.
- A few minutes later the mouse reappeared. This time I was a combination of shocked, angry, and quite frankly frightened. However, this time anger was the strongest emotion. Sheena and I could have easily put out the traps, but we decided not too. At this point, I feel like the mouse or mice are taking advantage of us. I mean, come on!!
- Since the incident, I've been sitting with my feet resting on another chair for fear of the mouse running up to my feet, biting them and then running up my leg and under my clothes. Yes, I know this scenario may be unrealistic, but (a) You can never be too sure and (b) I underestimated it once, and I don't want to again. The pain in my back has been increasing with this un-ergonomic posture over the past few minutes, but I'm sure the mouse biting scenario would be more painful.
- If there are, in fact, two mice, are they related (ie - brother/sister, mother/son)? If so, are there other siblings?
- How did the mice get to the third floor? Did they take the stairs? Climb up a pipe?
- The obvious question I've been asking myself for the past few minutes is, "What do I do now?" Some possiblities that went through my mind include:
- Buying a have-a-heart trap.
- Putting out a normal trap, but I'm still against that.
- Putting away all food. However, we've already done this.
- Not doing anything tonight and then hoping that Sheena discovers the problem and fixes it before I wake up tomorrow morning.
- Accept the new living situation
In the end, I think I will go for option #4 and hope for the best. I like to go with what works and it worked well before when the wheat grass seeds needed to be cleaned up and they were. Wish me luck!
Update (5 minutes later): I think a lot of conflicts arise out of misunderstanding. If the two sides could communicate with each other and see how the other side sees the world, the conflicts would often be dematerialized. Unfortunately, I realized that the mice and I coming to an understanding is impossible. We live in completely different worlds - the mice in our cabinets and me in front of the computer, on the bed, on the subway, or at school. How can we ever hope to understand each other, save getting consulting from Sonya, Animal Planet's pet psychic.
On a more serious note, I do think it's sad the evil what happens to animals at
the hands of humans. I can do certain things like adopt-a-pet, wear non-animal-based products, etc., but just by living in our system, I'm probably doing more damage. In this way, I feel sort of helpless and hypocritical. Is it really possibly to help the mouse? Is it worth my time? Will it make a difference? Although, I talk about the mouse, the mouse could be a sweat shop in asia producing appareal, child slaves in Africa producing Hershey's chocolate, companies destroying rain forests to create paper-baased products, electrical equipment being powered ultimately by polluting fossil fuels. What are we to do?
On another serious side note, I found myself wanting to delete my serious thoughts in the last paragraph for fear that people would think I'm too animal-friendly or to environmentally-friendly. It seems so silly that being those things could be consdered 'uncool'.
Anyway, as Yoda would say it, "Off to bed, I am".
Posted at 12:56 AM
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November 13, 2003
Google
Somehow, I'm #1 for "tenth commandment" on google. My mom would be happy for me (as I'm Jewish).
Also, I noticed that somebody came to the site after searching for "what to do about mouse droppings in house". They were directed to my Mouse in House entry. Hopefully, they found what they were looking for.
Posted at 09:34 PM
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November 11, 2003
Pretending to Work
At some point around 1:00pm today, I veered off my to do list, which included going to two classes and a group meeting. Nearly three hours later, I think I might have made the wrong choice for the wrong reason.
The reason I made the choice is because I was in a state of 'flow' while doing my work, a state where I lose sense of time/hunger and become very interested in what I'm doing. This state can be extremely effective in terms of getting work done and being creative. One specific memory is spending seven hours on a random day in January of 2001, searching for entrepreneurship awards on Yahoo, many of which I eventually won. These awards changed my life.
With that said, this great strength has also turned into a great weakness. For example: - If Sheena tries to talk with me when I'm in this state, I often don't hear her or even worse get angry. Somehow, I've managed to pretend to listen without really doing so. This has backfired a few times (2 out of 10 times - she would argue more. I would argue less) when she tells me something very important like what airline I'm taking and I don't realize I don't know the airline until I'm in a cab on the way to the airport.
- I end up doing whatever grabs my attention instead of what I've decided beforehand is most important. I've noticed that when I'm in different states of being, I have different priorities. The most obvious example of this is when I wake up, but am really tired. I can't tell you how many times I've extended my sleeping time after deciding that going to an early morning class wasn't as important as I thought it was the night before.
- I have this sense of urgency and instead of priorities, I see everything I have to do at once and I get overwhelmed, start to rush, jump from one task to another, and feel guilty about it.
The Solutions - Spend more time creating a prioritized, manageable to do list.
- Take breaks often to return to baseline state and reflect upon what happened and plan what is going to happen next.
With that said, you'll have to excuse me. I've only eaten one cucumber, one orange, and a bowl of salad today and I'm very hungry.
Posted at 04:49 PM
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Some Things Do Change
I just got off the phone after having a great conversation with my mom. Besides this being her first cell phone conversation where somebody had called her, she was actually out shopping for books on raw food and kitchen appliances (a.k.a., juicer / dehydrator / processor) for my birthday. Being that my mom doesn't agree with my mostly raw food diet, I feel especially and sincerely loved.
Posted at 12:16 PM
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November 07, 2003
I normally don't forward emails, but...
...His name was Fleming, and he was a poor Scottish farmer. One day, while trying to make a living for his family, he heard a cry for help coming from a nearby bog. He dropped his tools and ran to the bog. There, mired to his waist in black muck, was a terrified boy, screaming and struggling to free himself. Farmer Fleming saved the lad from what could have been a slow and terrifying death.
The next day, a fancy carriage pulled up to the Scotsman's sparse surroundings. An elegantly dressed nobleman stepped out and introduced himself as the father of the boy Farmer Fleming had saved.
"I want to repay you," said the nobleman. "You saved my son's life."
"No, I can't accept payment for what I did," the Scottish farmer replied waving off the offer. At that moment, the farmer's own son came to the door of the family hovel.
"Is that your son?" the nobleman asked.
"Yes," the farmer replied proudly.
"I'll make you a deal. Let me provide him with the level of education my own son will enjoy. If the lad is anything like his father, he'll no doubt grow to be a man we both will be proud of." And that he did. Farmer Fleming's son attended the very best schools and in time, graduated from St. Mary's Hospital Medical School in London, and went on to become known throughout the world as the noted Sir Alexander Fleming, the discoverer of Penicillin.
Years afterward, the same nobleman's son who was saved from the bog was stricken with pneumonia.
What saved his life this time? Penicillin.
The name of the nobleman? Lord Randolph Churchill. His son's name?
Sir Winston Churchill.
Someone once said: What goes around comes around.
Work like you don't need the money.
Love like you've never been hurt.
Dance like nobody's watching.
Sing like nobody's listening.
Live like it's Heaven on Earth.
Posted at 11:20 PM
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On the Road
Things have been hectic for the past few days. Wednesday, I went to Florida to speak to a group of 100 high school students about my story and experiences with the National Foundation for Teaching Entrepreneurship. After I spoke, I met up with a very close friend who lives in Florida, who I first met three years ago at Operation Enterprise. We ended up watching the Matrix and staying up until 5:00am talking about life. At 7:00am, I woke up and I caught a 11:20am flight to New York.
Upon, getting to New York, I was hit with a few days of procrastination and started to frantically prepare for the CEO and Entrepreneurship Education conferences with Sheena. Later that night (Thursday), Sheena and I took a delayed flight to Chicago. We ended up staying up until 4:00am, with most of the time at Kinkos making a banner and doing other Kinkos-like stuff.
Surprisingly high on energy and spirits (the non-alcoholic kind) for having only five hours of sleep in the past two days, I attended day one of the CEO conference today. I had the honor of introducing John Hughes, a very successful entrepreneur and entrepreneurship education philanthropist, to a 1,100-person audience in the following room:
Tomorrow, my keynote will be one of the most significant ones I've ever made. The conference staff actually has her as my moderator. She better do a god introduction or I will say bad things about her in my speech :) There are 387 chairs in the room and I will be one of two speakers. One thing that worries me is that, it is late in the day so some schools may leave early. I have a feeling that it will go well though. I can just feel it. We've sold about 15 books, but the key for sales will be speaking.
Sheena brought up a good point today, while we were eating dinner in the main ballroom with 1,100 people. So far the book has reached 1,100 people so it was interesting to look at the room and visually see the number of people the book has touched.
Chicago is pretty, but I will have no time to enjoy it as I depart tomorrow evening. Ahh, the life of an entrepreneur...to be continued...
Posted at 04:36 AM
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November 05, 2003
Young Entrepreneur's Conference
I thought that you all might be interested in the conference below. The expo only costs $35.00 to attend and registration includes a 1-year subscription to Black Enterprise Magazine or Entrepreneur Magazine. In addition, they're offering full scholarships for qualified attendees!
For more information, visit their web site.
The organization that is running the conference is A Million for Us. Their mission is to promote entrepreneurship as an alternative in career development for young college graduates and they're in the process of raising a $1 million fund to be used for loans/grants for young entrepreneurs (18-30) who want to launch a business.
Posted at 09:22 AM
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October 31, 2003
LOL (to myself)
Today was just one of those days where I've been laughing to myself, sometimes for a reason or sometimes for none. Even as I write this entry, I just sort of want to laught out loud.
Below is a quick recap of the day: - I dropped off the book at the printer.
- I submitted the book for the American Library Association's Best Book for Young Adults award. We find out on Sunday if it is nominated to go to the next round!
- An executive from Sony spoke to my Entertainment Marketing class. It was very interesting to see how much the industry has shrunk because of file sharing and what they have planned for the future.
- Danny Schechter (the news dissector) spoke to my TV & Information Explosion class. He is a media critic and showed some really interesting clips about the deception of the media. I'm going to start reading his weblog.
- I met up with Aleks Kulczuga (a good friend/NYU alumni I haven't seen in awhile) and Mahesh Krishnamurti (publisher and CFO of Worth magazine) at the W Hotel in Mid-town. We had a great, philosophical conversation about the best ways to make a difference in the world.
- I enjoyed an 11:00pm dinner with Sheena at a Thai restaurant in Brooklyn.
Life is good.
Posted at 01:16 AM
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October 28, 2003
A Close Shave with Time
In a quick rush to leave the house today, I shaved very quickly without confirming that I had shaved adequately. You can imagine my disappointment when I got to school and realized that I had missed a little tuft of 4-6 strands of 3-day old hair on my upper right lip. After confirming the presense of the suspect hairs with a quick lick of the tongue, I knew I had to do something. My first reaction was to try and pull each hair out with my fingers when I was alone in the bathroom. However, a combination of the pain and my short nails (grinded down by nearly two decades of nail biting), made me realize that I would need a different strategy.
Some questions/thoughts that raced through my mind were: - Should I buy a disposable shaver?
- Maybe I should put my hand in front of my mouth when I talk and make it look like I'm thinking.
- When I talk with people, maybe I should look to the right side of them so they only see the left side of my face.
At any rate, I just ended up ignoring the issue and nobody ever brought it up. In addition, when looking into people's eyes, I didn't notice them uncomfortably making quick glances at my upper lip like I was afraid they might. OK. OK. So maybe I overreacted.
I now that in the big scheme of things, I may not be better off for devoting so much of my mental energy to 4-6 pieces of hair. And furthermore, writing a blog entry about it may be throwing good time after bad time. But, in an altruistic sort of a way, I want you to know one thing. If this ever happens to you whether it be with shaving, a bad hair day, or some weird skin blemish that came from nowhere, I just want you to know that I understand. I understand.
Posted at 12:43 AM
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October 26, 2003
Bikram Yoga
Yesterday, I did Bikram Yoga (with a mentor who works at The BlackStone Group) for the first time. The main difference between Bikram Yoga and normal yoga is that the room is 105 degree Fahrenheit. Besides being sore, the session was very poweful. Last night and today, I have a lot of energy and feel more centered. Perhaps this will become a staple of my exercise diet.
Posted at 05:25 PM
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October 24, 2003
Pieces of the Puzzle Fitting Together
If life runs in cycles, then I'm definitely on a good cycle. I just had another hour and a half, inspiring conversation. This time it was with another entrepreneur my age who found the site through Google. He is working on starting an organization called Youth Network for Enlightened Wealth (Y-NEW). Below is a description of the company:
Y-NEW is dedicated to inspiring young entrepreneurs to create prosperity using enlightened principles.
Young people have more opportunities and tools available to improve the financial and social condition of the world than ever before in history. They are motivated to impact society positively and contribute to the higher good of humankind.
Research finds that young people are volunteering at rates higher than previous generations. They understand that all humans are part of a global community, and want to take action to form a more a better world. The data is clear: young people are ready to serve.
However, most opportunities for service provide little to no economic incentive, and often do not focus on true internal change. Y-NEW seeks to change that common assumption. Now is time that the younger generations must choose to take responsibility for themselves and the state of the world, and they shouldn?t have to sacrifice their financial freedom in order to serve their fellow citizens.
Y-NEW is founded on the belief that personal prosperity is an honorable life goal, as long as one uses it for the good of others. Y-NEW also believes that wealth combined with service is one of the most ? if not the most ? powerful catalysts for change in the world. Y-NEW gives young entrepreneurs the tools they need to succeed financially, psychologically, spiritually, and physically, and to create abundance in the world while serving others. We couldn't have been more on the same page about personal growth, spirituality, and entrepreneurship. The conversation ended with us talking about the possibility of collaborating to throw a conference next summer targeted at students interested in personal growth.
Posted at 07:22 PM
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The Power of Mentors
Wow! I just got off the phone with another mentor (from the New Venture Mentor Program). I called him for the first time only knowing that he had experience with: - Business Idea Refinement
- Food/Grocery/Packaged Goods
- Retailing
After getting off the phone, I now know that he started and sold a $100 million grocery chain, is a former Stern professor, and is now focusing on charity. He will be helping to refine our business plan!
So much of what I have accomplished, am accomplishing, and will accomplish is due to individuals and organizations helping me! As such, I think it goes without saying that I owe it to my mentors, to return the same service to others. More on scalable, win-win ways of doing this later!
Posted at 05:26 PM
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October 23, 2003
The Soon To Be #1 Michael Simmons
Every few weeks (fine, every few days), I go to Google and type in Michael Simmons. Each and every time, I appear as the second and third Michael Simmons. While, I'm happy to have moved up, part of me still wants that number spot. Part of me wants to be the #1 Michael Simmons out there (at least according to Google). All I have to say is, "Michael Simmons. Watch your back."
Posted at 12:23 AM
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October 22, 2003
Pursuing That Which We Don't Want
My very close friend and former business partner, Cal, made a post about the corporate interviewing process he is going through. A process he is going through even though he knows he will reject the job if he is offered one. At the risk of being non-political, I'm going to completely disagree with Cal. At the risk of being more non-political, I'm going to be more frank than I normally am and perhaps alienate some people.
I believe that people too often pursue that, which at some core level is not right for them and at some obvious level is not exciting for them. I think people do this for a few reasons: - To prove that they could succeed in the conventional way.
- To "feel" like they are doing the right thing.
- To pursue a 'safe' path so a passionate, but 'risky' path could be pursued in the future.
While some people try out something they're not passionate about, and then pursue a life of passion. I think many people, unfortunately, follow this path for years and maybe even a life. I personally feel that the best way to be successful is to find your passion, pursue it, and follow it even as it evolves.
Today, I went to another RoadTrip Nation event to watch the screening of their newest documentary where three students take a 21-day road trip to interview very successful individuals. What seemed common among all of the inviduals was that they were willing take on "dedicated poverty". In other words, once these people graduated, they were willing to take on "ramen-noodle (sp?)" lifestyles so they could pursue their passion. And as a result of pursuing their passion, they excelled. And as a result of excelling, they became successful on their own standards and society's standards.
I believe two basic ideas: - If people spent less time being busy on stuff they're not passionate about, they would have more time for stuff they are passionate about.
- If people spent less time on items that aren't very valuable to them, they would have more financial freedom.
If people didn't spend so much time and money on stuff that isn't important, they would have more time to pursue what they really want.
I learned the power of this when I took a semester off. After 13 years of getting up at 7:00am to catch a yellow school bus and take classes that mostly weren't appealing, I decided that I needed a break. Although A's and B's made mom happy, I stopped blaming boring classes on myself. Memorizing and getting by wasn't enough. Taking a semester off was difficult because everybody told me I shouldn't. My mom spoke VERY strongly with her words (yelling) and actions (not supporting me with rent/food money).
In the end, taking the time off was one of the best decisions I ever made. I dramatically decreased my expenses, but I pursued my passion 24/7 doing whatever the hell I wanted, when I wanted to and ironically choosing to write a book, when writing was always my worst subject.
After this taste of freedom, I decided to dedicate myself to pursuing my passion 100%! Looking back, I've done pretty well, but not 100%. Cal's entry renewed my vigor.
Posted at 10:55 PM
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October 19, 2003
Fired Up
Today, I had two great conversations with youth entrepreneurs; Bryan Sims, founder of Brass Magazine and sophomore at the University of Oregon, and Stephen Douglass, a successful social entrepreneur and a junior at William & Mary. There is something incredibly inspiring about talking with successful youth versus talking with successful adults. There is about a 90% chance of severe "brain" storms tonight (excuse the pun, but I thought I would run with it despite its inherent corniness).
Posted at 08:17 PM
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How to Make a Global Impact
For the past year or so, I've been looking at life from a more systematic perspective. Specifically, I think the idea of mutually beneficial exchanges is interesting. The charts below illustrates its power:
Before an exchange During an exchangeAfter an exchange
As you can see from the example above, both individuals received something that was greater in value (to them) then what they gave. As a result, both person A and person B were happier as a result of the exchange. Taking this a level higher, imagine the billions of exchanges that happen in the world everyday. What role (quantity and quality) do you want to play in all of these exchanges?
As an individual who wants to have a large social impact, I think it is really important to think about the various exchanges I'm a part of and ask important questions, which form the basis for mutually-beneficial exchanges. Some of these core questions are: - What products/services have I purchased, do I purchase, and do I plan to purchase? Are these products/services more valuable than the money I spend on them? Some examples of products/services types are:
- clothing (shirts, hats, shoes, jackets, etc.)
- food (alcohol, candy, healthy food, etc.)
- entertainment
- educational (books, college, etc.)
- personal care (tooth paste,
- etc.
- Am I responsible for how the products I purchase are produced? For example, should I only buy products that are made in an environmentally and socially responsible way? Am I responsible for taking time to research companies I buy products from to see how they are made? Should I be willing to pay more for these products? If so, how much more? Some examples of issues that may be worth considering are:
- Fair-trade coffee
- Recycled paper
- Sweat-shop free clothing
- Dolphin-safe tuna
- Low-emission automobiles
- Animal-tested products
- etc.
- What intangible exchanges have I participated in, am I participating in, and do I plan to participate in? Examples of intangible exchanges might consist of are:
- Yelling at someone
- Embracing somone
- "Being there when someone needs you"
- etc.
- What do I produce now? What do I plan to produce as a career? Is this the way I can add the most value to the world? How can I add the most value to the world?
I encourage all readers to take a few moments to answer these questions, pose your own questions, and post them as a comment to this entry.
Posted at 02:46 PM
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October 17, 2003
Mouse in the House Update #2
1.5 days later and the story continues...
Sheena and I (read: Sheena. Yes, I do feel guilty about this), cleaned out the seeds and rat droppings from the cupboard this morning. Hearing no crumpling sounds during the day, we thought the story of the "Mouse in the House" had ended. In our minds, the mouse would find that its few months supply of super-food was gone, and move on to other apartments.
However, just moments ago, our hopes of a rodent-free apartment were dashed. Sheena and I witnessed the mouse boldly walking on our stove in plain sight, something it had never done before. When we sat at our computers, just witnessing the mouse's sheer audacity, some new questions/thoughts raced through my mind: - Is the mouse trying to send us a signal by coming out in the light when we could see it? As if to say, "I won't give up that easily. You may have taken away my super-food, but if I can smell wheat grass seeds through two layers of plastic bags; I can easily find your rice, your granola, and your fruit, which are a few cupboards over!"
- Is it bad that we took away its main food source after it had become dependent on it? Does the same philosophy apply where you can't feed a wild animal for too long or it will forget how to hunt on its own?
- How did the mouse get from the cupboard under the stove to the top of the stove? With his new mobility, should we begin wrapping up other food around the kitchen? Around the house! In our bags! When is safe to safe and can we afford to underestimate the mouse a second time?
- What if in the time between when we found its hiding spot and when Sheena cleaned up, it took the wheat-grass seeds (one-by-one) to a new location, which we can not access? And what if it uses this new location as a base to look for new food sources in our kitchen?
- Can a mouse eat through an inch of wood, given enough time?
- How many city- and country-folk face the same problem? If I came up with a quick & easy, humane idea that would erase anybody's mouse menace forever, could I write an ebook or special report on the topic? Could I follow on the success of Who Moved My Cheese? and become an international best-seller?
- As I ask Sheena for feedback on my blog entry for a third time, is she laughing with me or at me?
Despite this late breaking news, I think we're just going to keep the kitchen very clean and hope for the best. Hopefully, an update #3 will not be necessary.
That's the news and I'm Michael Simmons.
Posted at 08:18 PM
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October 16, 2003
Mouse in the House
For the past few months, Sheena and I have been hearing bags crumpling in the cupboard under the stove where we keep all of our plastic bags. Our suspicions were confirmed a few weeks ago, when we discovered mouse droppings, or heaven forbid, rat droppings.
After this conclusion, we sort of went about our daily work routines still hearing sounds, but ignoring them. I don't know what we were expecting, since we didn't take any sort of action, but I think we both thought it would sort of disappear now that we had discovered it.
Today, we made a startling discovery that tells us that the mouse is here to stay. It has torn into a bag of wheatgrass seeds, removed all the seeds, and built a nest, replete with its own droppings. This discovery has certainly shifted the situation into our action threshold.
Sheena and I had a brief discussion on courses of action we could take before she went off to class. As I was raised to love animals by my mom who volunteers at a Wild Life Center every Sunday, we had trouble deciding what to do. Our best idea was to catch the mouse in a have-a-heart trap and let it loose in a local park. My counter-argument was that it would be too cold for the mouse to survive. We also both felt bad that we would have to destoy the nest due to the fact that it obviously took a long time to build.
This isn't the first time that I've been challenged to come up with a practical and compassionate solution to dealing with "pests". What should we do? On a larger scale, is it possible to be compassionate and practical with animals? As a consumer, I've indirectly participated in the destruction of many animal environments. Is it silly for me to pretend to be compassionate by helping one mouse, if all the products (environmentally-conscious or not) I buy do much more damage?
Update (1 hour later): I've removed all the bags and seeds from the cupboard and left the cupboard open. As I can see the cupboard from my computer, I've discovered a few things: - The mouse is actually eating the wheat grass seeds, not necessarily sleeping on them. However, I wouldn't rule out the sleeping.
- According to a health web site, benefits of wheat grass include, "increased energy and mental focus: reduced incidence of cancer; fewer colds; reduced incidence of diabetes; better weight control; and so much more." If this is all true for our mouse friend, then we may have a harder time catching it than we had planned.
- The mouse is definitely a mouse and not a rat! As a result, I'm still taking the matter seriously, but have lowered its priority in the overall action threshold.
Questions to Self: - With so much space in the cupboard, why does the mouse choose to eat, go to the bathroom, and possibly sleep in the same place?
- Why did the mouse remove all the seeds (presumably one-by-one) from the bag, which they were in? Wouldn't it have been easier to simply eat out of the bag?
- How was the mouse able to smell the seeds through two layers of plastic bags in the first place?
Posted at 11:02 AM
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Great Blog Reading
One of my best friends and former business partners has started a blog at http://www.inspiringmoniker.com. Cal is a senior at Dartmouth, has a non-fiction book deal with Random House, is interviewing presidential candidates for Dartmouth's humor magazine of which he is the president, and is great writer. I would definitely recommend visiting his blog daily!
Posted at 10:19 AM
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October 13, 2003
There Must Be a Problem
If you type in "Christopher Reeve wheel chair" into Yahoo, the entry I wrote on him is #1. More than the popularity of my blog, I think this says something about the quality of search results.
On a partial side note, it is interesting to think about the effects that search quality has on the world since 80% of people (I think that's accurate) use search engines to find information online. Webmasters who understand how search engine algorithms work can push their information to the forefront as opposed to quality information naturally pushing itself to the top.
Posted at 03:27 PM
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October 09, 2003
Isn't It Ironic?
Don't you think it's ironic when you receive spam from anti-spam companies (companies that help customers avoid spam)?
Posted at 05:56 PM
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October 08, 2003
On Listening to the Former Chaiman of the SEC
Yesterday, I had the great opportunity to listen to Arthur Levitt, the former chairman of the Securities and Exchange Comission (SEC) and author of Take on the Street: What Wall Street and Corporate America Don't Want You to Know for my Professional Responsibility and Leadership Class.
Below are some key points I gleaned from the presentation: - Arthur went from being a drama major in college to careers in public relations, cattle selling, journalism, and wall street until he finally became the chairman of the SEC. As a result, he strongly believed that careers are unpredictable and that one's fist job is largely meaningless in the big picture.
- He emphasized that there is nothing worse in somebody's professional life than not liking the job they're in.
- He had a great balance between idealism and realism. On the one hand, he made a lot of change at the SEC, which made a lot of powerful people angry. At the same time, he made sure to act pragmatically and never take on everybody at the same time. Having seen both ends of the idealism/realism spectrum in the past few years, I personally think he has chosen his battles well.
- He struck me as very sincere, caring, and honest.
Posted at 08:49 AM
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October 06, 2003
Online Networking Tool
Many of you are already aware of the Friendster phenomenon that has swept the nation. Friendster is a "popular social-networking service that cleverly assimilates real-life social groups into a large virtual network."
I haven't used Friendster because it is mostly used for making friends and finding dates. However, a real esate mentor recently very highly recommended a similar service, but for professionals. As such, I've decided to try out RYZE. If you try it out, feel free to add me to your friends. My home page is http://www.ryze.com/go/michaeldsimmons.
Posted at 01:53 PM
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October 05, 2003
Famous Quote and Response
"The whole of science is nothing more than a refinement of everyday thinking."
- Albert Einstein
I couldn't agree more with this quote. During elementary, middle, and high school, I was an above average student, but by no means extremely smart. For example, in grade school, my mom had to argue vociferously to get me into "Gifted and Talented" classes. So I always felt like I was the worst of the best in terms of intelligence. Now, after writing a book and starting a business, people are all of a sudden saying I'm "smart" and "creative" and that they could never start a business or write a book.
Disregarding the irony that my GPA has dropped from an A- in high school to a C+ in college, I attribute any "smartness/creativity" I have to three things: - Being "creative" by persistently spending a lot of time thinking rationally about things most other people are too busy to think about.
- Being "passionate" by doing what I love to do and trying my best to always love what I do.
- Being "practical" by applying what I learn to life.
While many may disagree with me, I think being a successful scientist, writer, musician, or business person are possible for anybody if they apply these lessons to their life. To often we disassociate ourselves from incredible acheivements even though they were acheived by simple processes that we can all replicate.
Posted at 01:11 PM
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October 01, 2003
The Tenth Commandment
Because of my limited life experience, I could never fully appreciate the tenth commandment when I was going to Hebrew School (yes, I know I don't look Jewish):
Thou shalt not covet thy neighbour's house, thou shalt not covet thy neighbour's wife, nor his manservant, nor his maidservant, nor his ox, nor his ass, nor any thing that is thy neighbour's.
More recently, I've realized the importance of this commandment, but at the same time, the difficulty of achieving it. It is hard to consistently not value what other people value. In American society, having material wealth is valued to an extreme level along with things like beauty and power. People seem to pursue material wealth in the following ways: - Blindly with a willingness to sacrifice a lot of things in their own life and other people's lives to achieve it.
- Willfully ignorantly (I couldn't remember the actual phrase for this so I made one up), like when a person knows the ending to the movie, but still wants to watch it anyway. In the same way, people want material wealth to reassure themselves that they didn't really need it after all.
- Altruistically, with the sole purpose of helping others.
- Competitively, to just have more than others.
- Fearfully, to avoid being broke and/or be financially free.
All of this can be applied to economic theory. If somebody has two widgets, they may be very happy. However, if they learn about people with more than that, their happiness goes down even though they still have two widgets. When a whole society values widgets, it is extremely hard to resist valuing them even if they lose practical value once you have a lot of them. Sure, one can go through spurts, but when somebody is constantly surrounded by people who value having lots of widgets, it is hard not to value them as well (at least in the back of your mind).
This extremely powerful concept applies to all levels of society, not just people with less of what everybody values. For example, I remember watching an interview with Ted Turner, one of the richest men in the world, talking about how he wanted to move up in the rankings of the world's richest people.
In the past I've dismissed the power of this force, but being constantly confronted with it, I can appreciate its power. Some questions we must ask ourselves are: - Should I spend my whole life resisting what other people value, when what they value doesn't seem to have a practical purpose?
- Should I go along with the flow and find ways to make the most out of going with the flow (ie - using money and power to help others)?
- Should I move somewhere else and/or only surround myself with people who value what I want to value?
- Is there a very powerful way to neutralize the power of the force on a consistent basis?
Whether we want to or not, we all choose answers to these questions in our life by our actions. In the end, it is interesting and unfortunate that this commandment is still so relevant.
Posted at 01:29 PM
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September 28, 2003
Overwhelmed with Email
Lately, I've not been able to keep up with email. This is particularly difficult for me because I've always prided myself on responding to emails quickly. Some ideas I have to solve the problem are: - Making my responses shorter.
- Have some sort of autoresponse that tells people that I'm busy and that I will eventually respond.
- Respond to questions in the FAQ portion of my blog so that I don't answer the same questions multiple times.
- Make a new systems of folders in Outlook.
Do any of you have an email system that works really well for you? If so, what are your secrets?
Posted at 03:17 AM
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September 24, 2003
On Listening to Christopher Reeve Speak
Today I had the great opportunity to sit in on the first day of the Young Presidents' Organization (YPO) "Making a Difference" Seminar and deliver a few comments as an alumni of the NFTE program. The requirements to be a YPO member are having a corporation with 50+ employees or a value of $10,000,000+. Needless to say, it was a great opportunity. I made two contacts that I will stay in touch with.
In addition, Christopher Reeve was a speaker. Some ruminations on his speech are: - A lot of people give to charities as a reaction to a life-threatening experience. For example, if somebody close to you died of cancer, you would be much more likely to donate to the American Cancer Society.
One of Christopher Reeve's main points is that we shouldn't be reactive and wait for something bad to happen and then choose a charity. We should be proactive and take time to imagine what it is to be like in other people's shoes. With over 1/3 of the world population living on less than $1/day (1985 purchasing power), I think that this is an extremely important message.
- Since his accident over 8 years ago, he has made a really large difference in paralysis research that has affected millions of people. One audience member asked him whether he would choose the same fate or make the jump on his horse like he did every other time. His answer, which reflects his honesty, was that he would not choose the same fate and that he isn't O.K. in the wheel chair. He said that he has learned to adapt, but that he isn't in some exalted place where being in a wheel chair was great. I appreciate this answer because of its hope. Whether we are in a wheel chair or not, it is so much easier to compromise for the status quo and settle for less than is possible than it is to reach for a vision that nobody else sees or believes in. Although it must be difficult, he believes that he will walk again and he is acting on that belief.
Posted at 12:31 AM
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September 20, 2003
Is T.V. worth it?
Since moving away to college, I haven't had a T.V. While this was hard at first, it has become progressively easier (except during the US Open). I still love watching DVD movies on my laptop, but I think most TV is useless.
From an educational perspective, think about the war in Iraq. After all the news on Iraq, how much does the average American know about Iraq, Saddam Hussein, and the people that live there? Most people don't know much beyond that Saddam is a crazy, evil dictator of a country in the Middle East and that he may have been somehow how connected to 9/11 and therefore needed to be overthrown. Use yourself as an example. In the end, What do you actually know about Iraq? Do you have enough information to make an informed decision about whether what our country did was right? Let's say you've seen 50 hours of T.V. coverage. In that amount of time, you could have read 10 books on the subject and been an expert.
From an entertainment/relaxing perspective, I think the TV is pretty good. It is easy, passive, and there is usually something on that is at least somewhat interesting. At the same time, why not find ways to be entertained AND grow as an individual?
A great book I would recommend on the topic is Amusing Ourselves to Death by Neil Postman, a NYU professor.
Posted at 04:50 PM
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The Power of News
There are certain things I do every time I'm on the computer. - I check my hotmail and successmanifesto.com email accounts.
- I catch up on blogs that interest me (e.g., Joshua Newman , Chris and Luke, Michael Furdyk, Ryan Allis.
- Now, I look at web site and accounting statistics for The Student Success Manifesto.
I really enjoy these routines, but sometimes they get to the point where I'm checking them more than makes practical sense. However, I just love the possibility that any time I check my email or statistics, there is the potential for something incredible and exciting to be there. Every time I check my email, there is the potential for a bit of news that will result in me jumping around the apartment or fighting to hold back laughter in a public place. There have been a few times when I was in the NYU computer labs and a let out of burst of laughter before I could cover my face.
Some examples of exciting news for me include: - While checking the web site statistics yesterday, I noticed that somebody from Random House's servers visited the web site.
- An email I received from NYU saying they might potentially want to make a 600-book order.
- The number web site visitors steadily growing.
- People I don't know signing up for the newsletter.
- Emails from people I really admire agreeing to my request to meet with them.
- Emails from readers who enjoyed the book.
Conversely, there are many times when I'm nervous I will get an email or phone call from somebody saying that I forgot to do something really important. Or there are times when I receive strings of bad news at once. The trick is to be able to stay motivated and happy despite bad news. In the end, all the news I receive sways to the good side, but it is very interesting to see how much of an effect "news" can have on my day.
Posted at 04:29 PM
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September 18, 2003
The Self-Development Experiments
"All I have done is to try experiments...on as vast a scale as I could." - Gandhi
In the past, I've had many role models that I learned about through books, word-of-mouth, and other forms of media. Upon meeting and getting to know more about them, I was invariably disappointed in some way. Because of their brands, I created unrealistic, idealistic images of them and didn't really see them as having normal human flaws. While "super-human" brands may motivate some, it seems to turn off most people who end up disassociating themselves from very successful people.
I hope that any success I achieve will be a reminder to others of how doable pursuing and achieving one's dreams are. I believe that people who go for their dreams are scientists performing experiments on human potential. These people offer a great service to society by honestly talking about their journey so other people can copy their lessons learned and avoid their mistakes.
Posted at 11:26 PM
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Can Blogs Be Honest??
Earlier this week I had lunch with Joshua Newman who is a fellow young entrepreneur and successful blogger. One of the topics we talked about was how blogs were an interesting medium and how they were limited with respect to honesty. A few things I've realized are: - Many of the events that happen in my life involve other people. Because I respect them and my relationship with them, I can't blog about many details. For example, Josh mentioned a few instances when he had received backlash from people he mentioned in blog entries.
- The content of blogs are half-truths. Blogging about everything in my life would be boring and tedious for readers to go through and a drag on my time. So I must be selective based on my limited time and my interest in grabbing reader attention. As a result, readers form a "limited" picture of me, but I guess we all have to deal with this in our interactions with others.
- At one point, Josh asked me if I felt limited in what I could blog about as a self-development author. Sometimes I definitely have hesitations about being completely honest about my limitations, but I still go forward anyway. Obviously, I have an interest in getting readers back to the site and eventually purchasing the book. At the same time, I want to build a brand based on honesty. If I build a brand based on perfection, people will create a false picture of me that I will constantly be having to live up to. If I'm honest in my blog, I don't push myself into a corner and I can always just be myself. Hopefully this will be appreciated.
Moving forward I promise that I will be as honest as I can about topics that I think will be of interest and benefit to readers.
Posted at 11:07 PM
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September 16, 2003
The Hmuan Mnid
My mom snet me the floloiwng eamil...
Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht the frist and lsat ltteer be at the rghit pclae. The rset can be a total mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe.
Amzanig huh?
Posted at 02:24 PM
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September 14, 2003
Mixing Business and Pleasure - Part II
"Interdependence is and ought to be as much the ideal of man as self-sufficiency. Man is a social being." - Gandhi
The business and personal relationship between Sheena and I has been blossoming. I think this is happening because: - We've been taking a 1+ hour walk every day for the past month.
- Working in teams is a strength for Sheena.
- Although working in teams has been a major weakness for me in the past, I've been working really hard on making it my greatest strength.
- We are extremely interdependent. Living and working together truly means that if one person has a bad day, then both of us have one. While this is difficult, it can also create an incredible momentum where both partners are continually inspiring and supporting each other.
With shows like Judge Judy and Divorce Court , we often see the down side of relationships. It is both exciting and scary that we have such a small understanding of how people can work together in a mutually beneficial way on a one-to-one and world level.
At one point in American history, most people were entrepreneurs, either owning shops or farms. Families worked together to achieve success in commerce and in life. Sometimes I wonder if the following trends will return us to a similar state of affairs: - Small business growing explosively.
- Woman being treated more equally in society.
- Growth in home-based businesses.
Posted at 07:30 PM
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New Blog Format
After reading the columns of Aaron Karo, which are both funny and insightful, I've decided to make my blog a little bit more light-hearted, but still insightful.
Posted at 02:44 PM
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I've Been Very Busy Lately
Sorry I skipped posting to the blog a few days this week. I was really busy.
Speaking of which, everybody (including myself) uses the "I've been really swamped" or "I've been really busy" excuse way too much. Either we need to come up with a new excuse; manage our time better; or find a new, indirect way of saying, "I had more important things to do with my time."
Posted at 02:31 PM
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Follow Up Calls
For me to actually get through to decision makers often takes one email and one phone follow up. I think people get so overloaded with emails and phone calls, that they use the number of follow ups as a filter to determine how serious the person is.
I probably shouldn't be blogging about this because if everybody starts doing two follow ups, then I will have to do three, but I thought you should know.
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