A question nearly every investor asks that you, the entrepreneur, can almost never answer

Investors describe themselves as helping entrepreneurs and often they do, but somehow every entrepreneur I've asked about the challenges of working with investors could still tell me stories about how investors made their lives and business difficult. However much investors want businesses they've invested in to grow, their interests never perfectly align with those of management, especially before they invest in the firm in question. I wouldn't call that difference good or bad. You just have to realize the different interests as inherent to the system. Realizing the difference in interests isn't personal helps keep things calm. Investors expect entrepreneurs to handle their interests in stride, but I find they often don't themselves recognize how their pursuing their interests impedes optimal growth. Of course they…

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Leadership in garbage we can learn from

I just read that Sweden is separating their trash so effectively, they're buying garbage from other countries. That is, their reducing-reusing-and-recycling programs work so well, their waste-incineration program is running low. Needless to say, reducing waste reduces pollution more than incinerating garbage, so one program starving the other helps the environment. According to Phys.org, Europe's average amount of trash ending up as waste if 38 percent. Sweden's is 1 percent. I shudder at what the United States' is. My home country doesn't lead in this area. It follows. Probably embarrassingly, at least for people who don't like to pollute the air and water their children breathe and drink. Since I started composting, my garbage amount decreased a lot. Cutting back on processed food reduces my…

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An entrepreneurial example of leading by example

In September, 2001, the company I co-founded, Submedia, was installing its first display in Atlanta for our first big launch. We anticipated a lot of press. Giving away part of how the story ends, we did get a lot of media attention. The night before launch was crazy -- we had a few hours to finish installing the display, we had to prepare for the Fire Marshall's inspection the morning before the launch, and we had national, Atlanta-based, and possibly some New York-based press scheduled to attend the launch. At the pace we had worked before, we'd need more than a few hours to finish. Needless to say, we, nor anyone else, had ever installed or launched a commercial display like ours. We had no…

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Rules are other people telling you what to do; Breaking rules lets you excel

Learning Chinese as I am, I'm learning a lot of rules of that language. If you've spoken to me in person over the past few years, you've probably heard my fun-with-language game to purposefully conjugate the verbs to be and to have wrong. I often say "How is you?" or "I has to go to the store." I'll be the first to admit the mis-conjugation is affected, but it's also fun. Some friends have adopted it too and we make a game of it. I mention the game now in the context of learning language to return to a concept I've written about before -- what rules are, how to play by your own, and how fun making your own can be (illustrated with Calvin…

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Scandal about that refreshing voice on copyright from a hard-core conservative

Do you like music, art, literature, innovation, invention, creativity, entrepreneurship, and things like that? Then you probably liked the document I mentioned a few weeks ago about problems with copyright and how to fix them. I considered it well thought-out and felt it proposed ideas that would improve the country. I was surprised to see it coming from the type of hard-core conservative that supports corporate welfare. Until the group that originally distributed the document disowned it and took it down from their site. (here's the original document) I don't know if you follow copyright or patent policy, but as a writer, inventor, writer and holder of a half-dozen patents, and one who enjoys culture, I find the topic incredibly important. I find the direction…

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Experimenting with ads

Based on recommendations from readers and other bloggers, I'm going to experiment with here. You may have noticed already. This page is for the readers, so I hope you'll share if they affect your experience here and, if so, how. I don't know if ads will help or hurt more, so the scientist in me says to experiment and find out. I'm sure it will appear clunky at first as I figure out how it works. Sorry if stupid ads show up in weird places while I figure things out. If it works ads should be starting to show up. Please let me know your thoughts, though please be patient for a bit, either emailing me directly -- josh@spodek.net -- or in comments below. People have…

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Another genius business idea: Iron Designer tv show

I haven't shared one of my crazy genius business ideas for my Another Genius Business Idea Series in a while. I like people to realize entrepreneurship is more accessible than most people think, since so many people tell me they want to start a company but can't think of the ideas. This series doesn't present fully formed ideas, but kernels you could develop into successful companies or projects. The inspiration I have a friend who is an amazing designer. He mainly does web design, but I've also seen him do great work in animation, print, outdoor, and more. Even fine art. MoMA has shown his work. Working on his computer is a wonder to behold. It's like a dance. His hands move faster than you…

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Protected: Starting a leadership school

The project I am starting a school for leadership. I have a business plan and early seed funding. My first goal is to create an online presence. I have started other successful businesses before. The project is driven by the large demand for leaders and lack of supply. The main institutions teaching leadership are business schools, military schools, and corporations (only to their employees). While successful and effective, they focus on areas useful only to large corporations and the military. This leadership school will teach aspects of leadership common to all applications, without focusing on banking, finance, consulting, war, etc. I see parallels to how acting is taught since, like leadership, actors must know their emotions and how to create them in themselves in order…

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INSEAD leadership seminar

When I met Jose Gaztelu, my business school classmate and friend who did the bulk of the organizing for this weekend's INSEAD leadership seminar in Singapore, at the hotel Friday, he asked how many people I thought were signed up. When my flight had taken off that morning from Shanghai it was ten or twelve so I guessed about a dozen. "Thirty-two" So the attendees filled the room -- a great group. They were attentive, asked great questions, and started applying the material before the seminar ended. When I mentioned burpees, they wanted to get me to do a few and all started clapping to force me to do it. I said I would if they would. So about half the room did five burpees…

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See Joshua Spodek at INSEAD Singapore next week

I'll be delivering my seminar on  next weekend in Singapore, October 6 and 7, at INSEAD. Here's the announcement. I hope to see you there. Leadership Through Self-Awareness and Emotional Intelligence Workshop led by Joshua Spodek, MBA, PhD; supported by the INSEAD Toastmasters Club INSEAD Toastmasters Club is pleased to announce a two-day (half-day) experiential workshop focused on how to develop personal leadership skills, self-awareness, and emotional intelligence by using the latest advances in cognitive behavioral science, evolutionary psychology, and positive psychology. We are lucky to have Joshua Spodek in Asia (he lives in New York City), who has delivered the workshop in New York and London with much success, to many different audiences, e.g., the New York Academy of Sciences, Columbia Business School Alumni…

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My Mom, the new face of fashion

It seems grandmothers running marathons appeals to a lot of people. A fitness and fashion line called Miss Matahari has profiled my mother as one of (currently the first on the page, naturally) several inspirational women representing the fitness and fashion-inspired brand. Better branding you won't find at any price. Their tagline is Have you ever wanted to do something others told you was impossible? I could get behind that perspective. Here's one of the images of the brand (neither model is my mom) Personally, I think the clothes look great. I know Natasha, the entrepreneur behind Miss Matahari, but that's not why I'm talking about her site and line. I just like how the clothes look. EDIT: I'm taking the liberty of quoting Natasha…

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Occupy Disney

Back when Occupy Wall Street was making more news and I was writing about it and leadership and on it and responsibility, I had an idea about corporate control of our lives I thought would be interesting. As an entrepreneur and inventor, I felt the control closer to those areas of my life. I've written about how the patent and copyright systems have created monopolies and oligopolies that distorted their effects from promoting invention to stifling it and small business. There's more to things than just one sentence, so I hope you'll forgive my oversimplicity for the sake of brevity. The Occupy Wall Street movement seems to have lost steam, but recent stories about patent fights between Apple and Samsung are turning the stomachs of…

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How I got to work a day or two a week

Despite my posting on how I find asking "so what do you do" a boring question, apparently everyone I meet hasn't read every post on my site, so they keep asking me what I do. It's hard to answer the question when you know they want to know your work when work is such a small part of your life. You can talk about making art, writing, travels, etc, but those answers never satisfy them. They want to know your job -- passions, hobbies, relationships, etc be damned. You may want to suggest how they don't have to accept one's job defining so much about a person -- or that if it does you don't have to ask, they'll tell you. But if someone did…

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So you’re good at meeting people. How do you choose whom to meet?

A reader asked about how to meet people once you're good at it. I'll start with a current example for me. Actually, first I'll note different categories of meeting people since I meet people in different situations in different ways. Today I'll look at an entrepreneurial business situation. Another time I'll look at regular business situations or social situations. An entrepreneurial business situation means I'm trying to do something big that's never been done before so I don't know about any existing systems or communities doing exactly what I'm thinking of, though there are people who do related things. I hope you don't mind I'm not yet sharing the idea so I have to stay vague. I think of starting a new project like how…

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My essays for getting into an Ivy League business school in 23 days

Here are my Columbia Business School application essays, to complete the series on getting into business school in 23 days. I edited them slightly, mainly to take out personal details. In the optional essay 5, I can see I was blatantly name-dropping Columbia Business School Professors and my experience at the school. I think I could have used more subtlety. My graduate school stipend -- what I lived on in Manhattan for about four years -- surprises me to this day. I think the number was accurate, but wonder if the first number might have been a 2 instead of a 1. Anyway, here are the essays. Essay 1 1. What are your short-term and long-term post-MBA goals? How will Columbia Business School help you…

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My background for getting into an Ivy League business school in 23 days

Yesterday I posted about the process I stumbled into for getting into an Ivy League business school in 23 days. How to read this post Today I'll talk about the credentials that made it possible. But please recognize, the point of these posts is not merely to show you how to get into business school, but to show you that you can combine whatever you have in your past into something bigger than you expect. You have to be aware of the possibilities and ready to act on them. If you are insecure and want to justify why can't succeed, you'll read this post to see how other people can achieve big things because they have advantages you don't. I used to look at things…

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I started at an Ivy League business school 23 days after deciding to apply. Here’s how.

On December 10, 2004 I decided to apply to business school. I had written no essays, taken no GMAT, reviewed no school's web site or application process, and asked no one for a recommendation. On January 2, 2005, 23 days later, I began orientation at Columbia Business School (ranked #5 by Forbes, Economist, and Financial Times). I got my MBA the following May, less than eighteen months from deciding to apply. Prep schools (such as Manhattan GMAT and Kaplan) recommend starting the application process eighteen months before starting classes. I completed my entire application and degree in less time than they recommend for just applying. Business school ended up one of the best experiences of my life, a turning point improving it in many ways…

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Facebook’s woes and what it could have done instead

If you know me, you'd expect Facebook's woes to mean the problems Facebook inflicts on its users who haven't left it yet. After all, leaving Facebook is easy and fun. Yes, they're reaching a billion users, but I'm no longer one of them and once you leave the site seems weird, like why would you do business with such a creepy company. From the New York Times, Facebook Shares Plummet in an Earnings Letdown: "Unhappy with Facebook’s first financial report as a public company Thursday, investors fled the stock in droves..." Most of you probably expect the drop resulted from my calling the company creepy and you may be right, but I think the greater problems come from inside Facebook, and decisions they made based…

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Another genius business idea: real-life fairy tales

Today's post in the series of genius business ideas may not be a sustainable business model, but it covers a product I think today's children would benefit from as adults. Market demand Parents want the best for their kids. They don't want them needlessly hurt, especially by going down paths they know will create unnecessary pain and hardship. A friend suggested to me that many people have problems in relationships because of overly rosy expectations. They envision that calling each other boyfriend, girlfriend, husband, or wife, will lead to them living happily ever after or riding off into the sunset. You can say people know life isn't that simple, but everyone I've talked to about it believes it to some degree despite themselves. Or at…

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What works in X web page mind map

Following up a comment on my post on the What Works in X web page genius idea, I created a mind map as a rough outline for the site to illustrate it better. It's only a rough outline, but I think a good start. Copying from my response to the reader's comment I envision people at What Works in X sharing anecdotes of things they’ve done at a higher level, like how they got hired by doing something different or got into North Korea or things like that... available in any area. Of course, I put the idea up for others to do with it what they want. I’m as happy to inspire someone else’s slightly different vision as for them to implement mine. Also,…

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Another genius business idea: the “What Works in X” web page

Following up on yesterdays' genius business idea for a book series of successful solved problems in many fields, today let's look at a web page doing something similar. Instead of making it just like a book, let's take advantage of the web's interactivity and let users create content. It's based on the principles of the Art of What Works (the book I mentioned the other day) The product A web site of user-written anecdotes of successful things they did, categorized by field -- eventually, the global repository of solved problems in every field, free for anyone to access or contribute to. Once populated with content, the main use of the site would be for anyone with a problem to solve. They would log in, search…

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Another genius business idea: the “What Works in X” book series

For the first genius business idea (the series I mentioned a couple days ago) I propose a book series based on the principles of the Art of What Works (the book I mentioned yesterday). The product A series of books like the "for dummies" and "for complete idiot" series, all with the same dimensions, cover design and color scheme, tone, writing style, etc called "What works inX", like "What Works in Selling Your House", "What Works in Nursing", "What Works in Teaching High School", or "What Works in Starting Your Own Restaurant." Each book contains anecdotes of people achieving success in the field that you can learn from -- a series of solved problems you can use to solve your problems. The fundamental principle is…

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The Art of What Works

One of Columbia Business School's most popular courses in recent years has been in strategy, called Napoleon's Glance, named after a book by the instructor, Bill Duggan. Former students I've talked to rave about it. I was fortunate to do an independent study with him before his course exploded in popularity. Now it's so successful I doubt he could devote that kind of attention to a single student. Despite the course's immense popularity at one of the world's great business schools, I was more influenced by his book The Art of What Works. This excerpt from the back cover gets the gist of the book well for me, especially Jack Welch's quote: While every business situation you confront is unique, it is invariably made of…

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Another genius business idea: the series

Many people who dream of starting businesses tell me their greatest obstacle is having a great idea to start with. I call this belief my number one entrepreneurship myth and wrote about it and productive beliefs that can help more than the myth. Besides the productive alternative belief that a good idea plus listening to your market succeeds more than trying to make an idea perfect, another counter to this myth is that great ideas come easily when you know how. As a business school professor at Columbia said The idea of a lifetime comes once a month. I completely agree. What makes an idea "an idea of a lifetime" isn't its profitability or popularity but how much of your time you devote to it.…

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Leadership, personal development, choosing to care, and emotional pain

Devoting yourself to something means emotions can get attached. This happens as much in professional leadership as in personal lives. In professional environments you can choose to care deeply about your work or not. Entrepreneurs can devote themselves so much as to lose everything in a project. Athletes and teams that come in second often seem more crushed, despite being the second best in the world, than those who merely qualified to compete and finished far behind. And who among us doesn't know the pain of a relationship ending? Success means you will fail along the way. Nobody wins every game they play. No relationship lasts forever (this isn't news to you, but at the very least one of you will die first). All companies…

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