The Entrepreneur’s Dilemma: A Case study of Fight vs. Flight

FightOrFlight

Every entrepreneur will invariably have times when they think the cards are stacked up against them so high that their chances of turning things around are slim to none.

In today’s video, I discuss billion dollar giant Ecko Unlimited (Marc Ecko’s clothing brand), and BNW (my and Gary’s first clothing brand), and how different perspectives between the two produced two drastically different outcomes.

This is the first of a 2-part series of posts which will discuss how entrepreneurs react when dealing with adversity.

Note: To view all articles in this blog on startups, click startup advice.

 

Have a great day!

MJ

Why A Closed Mind Can Dramatically Stunt Your Success

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Being an entrepreneur is hard enough, but when you add close-mindedness to the list of obstacles you have to hurdle, it becomes increasingly hard to win. I use the original quote from Lord Thomas Dewar, “Minds are like parachutes, they only function when open” to explain how it affected a business decision MJ and I recently had to make.

 

There Is No Such Thing As An Expert!

63. There Is No Such Thing As An Expert!

In this video, I talk about how there is no such thing as an expert. No matter how much skill, knowledge or talent you may have at something, there is always someone who is doing it better than you. The importance of knowing this is that you can use this knowledge as a tool to motivate yourself to be better in everything you do.

 

 

 

How Big Is Your Rolodex?

81. How Big Is Your Rolodex?

In today’s video, I talk about an invaluable lesson on the power of outreach that I learned a number of years ago from a potential investor that I was pursuing at the time. Since that lesson, I have found that most people look at their power of outreach the wrong way as it’s not so much the number of contacts you may have, but the number of contacts your contacts have that truly defines your outreach.