Now in Entrepreneurship
Triumphing Over Crisis
It is often pointed out that in Chinese, the symbol for the word "crisis" is the same symbol used for the word "opportunity"—two sides of the same coin. In other words, it is all in our perspective. Will you find the opportunity in your next crisis? Examples of two entrepreneurs are presented.
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Knowledgebase
Former New York City mayor Ed Koch believes every leader has the capacity to be visionary. A true visionary is someone who recognizes a need or opportunity and, regardless of conventional wisdom and skeptics, does something about it. Vision isn't forecasting the future, it is creating the future by taking action in the present to prepare for it.
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Knowledgebase
It may be surprising to learn that most businesspeople have little or no knowledge about the process of selling a business. The business should be packaged for sale in a manner that achieves the highest attainable price, and the selling process should be managed in a way that maintains confidentiality and doesn't interfere with day-to-day operations. The transition to new ownership should be structured to ensure the continued health and viability of the business.
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