“People who don’t take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.” - Peter F. Drucker

Commentary: Taking risks is part of business. If you’re not taking risks than you probably aren’t accomplishing much. This quote from the Legendary Peter F. Drucker shows that the big mistakes are going to happen anyway, so you might as well be taking calculated risks to move your business (or your life) to the next level.

“Eliminate the time between the idea and the act and your dreams become your realities.” - Dr. Edward Kramer

Commentary: As we harp about constantly on this blog, business ideas are only worthwhile if executed properly or executed at all. Part of executing the idea is getting beyond the idea phase and getting down to work. Take your ideas and execute on them. If they don’t work, then learn from the experience, move on, don’t beat yourself up and try another one. Eventually this process will pay off dramatically.

As Mark Cuban has said “you only have to be successful in business once”. If you start one successful business, you could be set for life. Yet, most people don’t take the plunge and make the attempt or if they do, they quit after only one attempt.

“The successful person has the habit of doing the things failures don’t like to do. They don’t like doing them either necessarily. But their disliking is subordinated to the strength of their purpose.” - E.M. Gray

Commentary: This comment speaks to the small business owner or entrepreneur especially. Few small business owners look forward to making cold calls, doing the books, disaster planning, updating the marketing plan, etc.

In your personal life, few people like exercising, paying bills, maintaining your property, sending thank you cards, etc. - but it all has to be done.

The ones that get these mundane things done know that the reason they are doing so is to serve a higher purpose. They know the benefits of doing these things that most people don’t realize.

Dane Carlson’s Blog has a piece on the importance of filing trademarks in the web age.

 Of course, MyNewCompany.com has a page on trademarks that includes resources and links.  Check it out HERE!

“Optimism is a force multiplier.” - Colin Powell

Commentary: When you have an optimistic viewpoint, you tend to filter out the negatives that would otherwise cause you not to pursue a goal in the first place. In addition, optimism lessens the sting of failure by saying “that didn’t work - let’s try something else” instead of wallowing in or overanalyzing the failure.

Not only that, but the Mayo Clinic has found that optimists live longer! I don’t think there’s better evidence than that to justify the optimistic viewpoint on life. I also recommend the book Learned Optimism by Martin Seligman which is a classic in this field of work.

Did you ever wonder about the differences in legal issues between web-based businesses versus their bricks-and-mortar competitors?  BizzBangBuzz has posted an excellent article that covers this exact topic.

The short version is that there are ways to make online transactions as legally valid as the offline versions.  For more information, read the Article HERE.