Entrepreneurial Journal

          "We are programmed at an early age to think that failure is bad. That belief prevents organizations from effectively learning from their missteps." by Amy C. Edmondson           People that learn how to learn, have more chances to succeed in life in relationships and in business. If we learn from our mistakes, we will progress. However, the best way is avoiding mistakes, and to avoid mistakes, you must have your mentors, take advices from them and act according instructed. Sometimes we want to try new alternatives, and the most cases we fail, but the question is: Is this wrong to try new ways new alternatives, new paths? For sure not! But you don´t need to try it alone. Talk to others listen to their opinion and after just after, take the decision.           You will fail! Fact. After failing you have some options: 1.        1.  Learn from it. 2.     ...

When we talk about family business we have to understand the fundamental role it plays in America's economy. Make up 80% of all U.S. businesses. Generate 40% of the nation’s GDP. Employ half the nation’s workforce. Comprise one-third of the Fortune 500 companies. But we have a problem with this business model: §Unfortunately, only 30% of first-generation businesses survive into the second generation. §Of those that do survive to the second generation only half make it to the third generation. §Why?  No management succession plan! How to make a succession plan? How to manage a family business? There is a blog that give  12 hints   on how to do it. Its extremely important to have well established the rules and to have a formal plan of ownership. Set some boundaries.  It’s easy for family members involved in a business to talk shop 24/7. But mixing business, personal and home life will eventually produce a volatile...