Point one, let’s go back to that. Blaineblogger brought up an excellent point about research and how leaning too far on research can have a negative effect or can hinder an truely good idea. I agree that, for inventors in the past as well as today’s technologies, research would have stopped them from moving forward. Cars, cell phones and the internet wouldn’t have survived. These inventions have served the human race in a huge way. I agree from a inventor’s point of view. However I slightly dissagree from an entrepreneurial point of view. Inventors don’t always have money at the forfront of their minds. Entrepreneurs often do, even though they tell you otherwise. Entrepreneurialism is about making money more than anything.

Now, when I decide to join or start a business venture, I take into account examples of success the industry or business. The make it or break it deal for me is, does it make money for me? Many new technologies are highly lucrative, but the original inventors aren’t making the money. If you take a look at the people who make the most money in this world, it’s people who took an existing (proven) idea and took it further. Bill Gates, of course, is a perfect example. Dennis Felix, founder of Maxim. Many Hip Hop highly successful hip hop artists. Gene Simmons, founder of the band KISS.

Don’t get me wrong, it’s totally fine to want to create a technology that will work for the greater good of man kind, regardless of whether or not you make any money. That’s fine. But taking priorities into consideration, is it more about money? Either way you’re serving people, just as long as you don’t mind using other people’s ideas. As ane entrepreneur I decided it was more about making money and serving people with existing ideas. I find that’s the best way for me to do well for myself as well as serve others with the money I make.

Point number two. Here’s one for the books. The kind of formal education you have doesn’t have a bearing on your level of wealth and income. Unless of course, you work for someone else. Self-reliance and self-education is the most freeing and empowering realm on the road to discovering yourself. Hard work is more important than formal education. Hard work on the right things will do it for you. It will motivate you, get you experience and allow you to assess what you’re doing wrong and how to improve.

So yes. Don’t get further formal education unless you have a damn good reason. “I want to look smart,” is not good enough.

Point three. This is one of the key elements in time management. Planning should be an every day activity, not a 2 hour session you have with your team, for it to sit on the shelf and get dusty for the next year. I think traditional business plans are overrated. It’s for the most part, to impress investors. But for the entrepreneur who just wants to get rich using a private firm, just a simple plan will do. Writing it down on a paper towel will do just fine. Who cares? It’s about planning, not about impressing or creating a 50 page plan has no real action attached to it. As far as I know, business is pretty simple. Money comes in(marketing, sales, etc), some goes out(blah), what’s left gets spread around.

Planning for me is just a daily thing, it’s hard for me to function without a list.

- Clinton Skakun

that being said, everything dosenot fails and i have been able to get some success on some part of my business, atleast i can back up my decision and say that i have achieved a lot more than what i could have by completing my education…