Is 37 Too Old to Start My Own Business?

Never Ignore Your Heart

“It is the perfect age to become an entrepreneur!” I’ve said this so many times over the years to men and women who shared with me their secret desire to start their own business. I struggled with this the entire time I was working for someone else, whether it was a corporation or another entrepreneur. […]

An Entrepreneur’s Success Depends on the Quality of Their Questions

What I Learned From My First Months as a Paid Coach

When I decided to get into coaching entrepreneurs, I had some high-minded ideas on how I wanted to help. I learned that what I think they need and what they need are two different things. I thought they needed holistic advice on business, family, and faith. After all, it is clear to me these three […]

How I Became an Angel Investor

And How I Learned the Hard Lesson That Typical Angel Investing Is Not for Me

In May of 1992, I left a startup on less than good terms. After leaving the corporate world, I was aching to get back into startups. I found one and jumped in as their chief operating officer and president. They had great intellectual property but couldn’t figure out how to monetize it. I had a […]

Announcing 15 Friday

Thoughts for Entrepreneurs on Business, Life, and Success

Thoughts strike me every week. It happens when I’m meeting with entrepreneurs, talking to fellow investors, or having dinner with Kathy. They aren’t stories. They are just thoughts God places in my head based on what I am experiencing right then. Some of these thoughts are new insights to me. Sometimes they are reminders of things […]

What’s the Right Way to Leave Money for Children?

My Struggle with Future Family Planning

Suddenly, it looked like for the first time, one of the businesses I invested in was really going to be worth something. I was 43 years old and into my third year of full-time angel investing. Up to this point, my net worth was edging downward month by month. I was married with four children, […]

What Do You Want To Do?

Harness the Power of Putting Voice to Your Dream

I love the movie Good Will Hunting. In fact, I like any movie which starts with a likable but broken character who faces a huge life challenge. In the end, they break through by overcoming themselves. They achieve a sort of salvation. Pure Genius Robin Williams plays a psychiatrist who asks Will Hunting, “What do […]

Do You Want to Be Fired?

The Agony and Ecstasy of Startups

“In a startup, isn’t there a part of you that wants to be fired?” asked my good friend I’ll call Roger. I’ll never forget this conversation. I convinced Roger to become part of a well-funded startup. He had a passion for their market. He was captured by the problem they were working to solve, and […]

Don’t Compete. Dominate.

Stretch Goals Make Teams More Effective

Their goal was a record 30 Olympic medals. They achieved 39. Norway didn’t just compete in the 2018 Winter Olympics. They dominated. When the Olympics were just getting underway, NBC ran a video segment on the Norwegian ski team. It opened with about 15 of them dressed as Vikings on top of a snow-covered hill. […]

Why You Must Know the How

Profits Are Made (or Lost) in the How

I was talking to one of the original franchise owners of Waffle House. He grew the franchise in the Southeast to 58 stores before eventually selling out. Before buying the franchise for a single southern state, he knew nothing about the restaurant business. But he did understand the analytics of the individual stores over time. […]