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Succeeding in Silicon Valley: Foreign-born entrepreneurs share their stories about making it!Eric Benhamou, the former CEO of 3Com, Andy Bechtolsheim, Co-Founder of Sun Microsystems, Wu Fu Chen, serial entrepreneur and founder of Cascade Communications, Raj Singh, whose Fiberlande Communications was later sold to Cisco and Redback for $12B in 1999, Jean-Louis Gassee, former President of the Apple Products Division and now at Allegis Partners, Arno Penzias, Nobel Prize winner in Physics, Guy Gecht, CEO, Electronics for Imaging, Dina Bitton, an internationally acclaimed scientist in the field of high-performance database systems, Philippe Courtot, serial entrepreneur who sold Signio to VeriSign for over a billion dollars in 2000, Kamran Elahian, Co-Founder and Chairman of NeoMagic, a multimedia semiconductor company which launched a $300 million IPO in its fourth year, and more were all interviewed in They Made It!. In the book, they reveal their recipes for success and talk about their career and life choices.

Intuit, the makers of QuickBooks software, conducted a study of working adults [doc] not long ago. They found that 67 percent think about quitting their jobs regularly or constantly, while 72 percent said they want to start their own business. The number one reason cited for this was to be more passionate about their work. ___ ___ The participants were asked who inspired them: Donald Trump (38%) and Hugh Hefner (34%) were the top choices for men; Oprah Winfrey received 66% of the women s vote. That response made us think there are misperceptions of what it means to own a business; what an entrepreneur faces day-to-day. There s the Hollywood version, but it often doesn t reflect the real world. 5 common myths about owning your own business #1 I won t have to answer to a boss. While technically true, it s not accurate in practice. The reality is that, as a business owner, you answer to every customer by you and your firm. You answer to your banker if you borrow money. The government will require you to do certain things by certain times. As a business owner, you won t have a boss; you ll have many bosses! #2 I set my own hours. You ve probably seen or heard the ads. Just buy this business opportunity you ll hardly have to work and the money will just pour in. If only it worked that way! You may enjoy a great deal of flexibility as a business owner. However, you ll probably work more than you ever imagined, especially in the early stages of your business. #3 I can get my employees to do the grunt work. Many new business owners formerly part of the corporate world have trouble adjusting to the lack of resources that are inherent in many start-ups. They were used to having people who did certain things. Start-ups can t afford extra people; many can t afford people at all! You ll have to get used to doing a lot of things, if not everything, yourself, even the dirty work. #4 I ll make more money. Start-ups consume money; there often isn t much to spare. You may not get a regular paycheck at first. You ll have to build up the business to afford that luxury . ___ When I was younger, I couldn t find anyone willing to pay me what I thought I was worth. So I started my own business I quickly realized that I couldn t afford to pay me what I thought I was worth! ___ #5 I ll have less stress than I do with my job. ___ As a first-time entrepreneur, I ve learned that stress hits from many angles clients with deadlines, so much work to get done, and worries when things don t go as planned. I ve learned to be much tougher mentally and emotionally. ___ All of this reminds us of Jackson Browne s song, The Load Out They re the first to come, and the last to leave, working for that minimum wage. In the song, he s talking about roadies. But we wonder couldn t he be describing start-up entrepreneurs? When your business is in the start-up phase, it s like a newborn baby. You have to nurture it and care for it until it reaches the point where it doesn t need you so much anymore. Prepare yourself for a five-year horizon before you start. If starting a business doesn t sound so good anymore, we feel like we ve done our job. You won t face the financial, and more importantly, the emotional turmoil that comes with a start-up. However, if you re now more determined than ever to start a business, you ve passed a critical test. You can t be talked out of it. You ve peered beyond the popular and romantic view of business ownership. You re starting to see it as it really is. You re ready to become an entrepreneur! ___ Get the tips and tools you need to be a BIGG success. Subscribe to the Bigg Success Weekly it s FREE! ___ Next time, we ll discuss the art of knowing yourself. Until then, here s to your bigg success! Subscribe to The Bigg Success Show in iTunes. Subscribe to the Bigg Success feed. Related posts 10 Signs That You Are Ready To Quit Your Job And Start A Business How Do You Learn To Be An Entrepreneur? Should You Buy A Franchise Or Go It Alone? (Image by ilco)

A lot of us are very uncomfortable talking about money, whether that means negotiating your salary, asking for a sale, or asking for a loan. So the thought of going to the bank to get a loan can be very intimidating. The loan process seems somewhat mysterious. Wouldn t it by nice to know where bankers are coming from? Then you would be better positioned to get the money you need. 3 things to understand about your banker #1 Banks can t afford to lose money. A lot of people don t realize that banks operate on relatively thin profit margins. So, contrary to popular belief, they don t make that much money on every loan. The biggest question every banker has when looking at every loan proposal is Will we get paid back? They re more concerned about the return OF their investment than the return ON their investment. That comes later. #2 Banks don t fund start-ups. This is perhaps one of the biggest misperceptions in the business world. People think the bank is the best place to go for money they need to start a business. To which we say, reread our first point! Bankers are relatively risk averse for the reasons stated above and more. So banks don t tend to lend money to new, unproven firms. You might be saying, But I know people who got money to start their business from a bank. Here s the distinction the bank wasn t loaning money to their BUSINESS; they loaned them money as individuals FOR their business. If you look deeper, you ll find that, in almost every case, they secured the loan with equity in their house or some other asset. #3 Banks need to lend money. That s their business. So if you need money, and you can prove that you can pay it back, and you have some assets to secure the loan, go to the bank with confidence! Your bank is just like your favorite video store. Video stores rent DVDs for a fee. Banks rent money for a fee. So going to the bank is just like renting a movie. You have to return the movie and pay a fee. And hey, unlike video stores, bankers don t charge their fees upfront! Click on our Comment link below to share your thoughts on today s post Click on the Share This button below to Digg, Stumble, Mixx more Our bigg quote today is by the great Stephen Covey: Seek first to understand, then to be understood. Understand your banker s needs so you stand to get your money needs. Next time, we ll discuss how to offer criticism without being critical. Until then, here s to your bigg success! Subscribe to The Bigg Success Show in iTunes. Subscribe to the Bigg Success feed. Related posts How To Become A Millionaire Good Debt vs. Bad Debt How To Get Your Customers To Finance Your Business 5 Places to Find Cash for Your Business Today I Have An Idea For A Business! Now What? Lessons Learned From A Bankrupt Business Owner (Image by svilen001) ShareThis

Author: Freemor Added: Sat, 05 Apr 2008 15:16:18 -0800 Duration: 166How to stop programs from starting when Windows Starts Up

Welcome to the 12th edition of Social Media Today with Maggie Fox, the official podcast of the Social Media Collective;. In this episode we chat with Tom Mandel, many-times-published poet, inveterate entrepreneur and champion of all things social media. Do subscribe to our feed - we'll be interviewing a new member of the Social Media Collective each week, the podcast is published fresh every Wednesday. You can even leave us audio comments right here using the handy tool below. Show Notes:Tom tells us about his diverse background and work providing "adult supervision" to startups, as well as his passion for social computing/social media. Then we get into a discussion about the perception that social media tools and platforms are little more than time-wasters. Just for fun, I play devil's advocate. Tom reminds us that one of the most powerful social tools ever invented - the telephone - can hardly be considered a time waster in the workplace. Shortly afterwards, his own phone rings and he throws it into the other room. In closing, Tom provides us with his thesis on the importance of social media and tells us a bit more about his poetry (he's written 12 books and is featured in several anthologies). To leave an audio comment, use the "my voicemail" tool to record direct from your computer's microphone, or leave a text comment (which we will read aloud on the show in a voice that we imagine to be like yours) simply leave a comment on this blog. SMC Podcast Alley feed {pca-98374b14f8d1d5121d18320e6d8ee4fb} My Odeo Channel (odeo/c5980d54f89f57b8)

Attorney Michael Pfau discusses the three rules of private investing: people, people, people. According to Pfau, the key need of a technology start-up company is to pick the right people who have the ability to work together and the ability to understand exactly what it is that they intend to market. Prsented by the Technology Management Program at UCSB. [Business]