Category: Business – Economics

The three principal ways of organizing a business are: as a sole proprietorship, as a partnership, or as a corporation. There are three major types of bankruptcy proceedings. A classic public relations technique is call The Rule of Threes.

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3 things I learned while my plane crashed

Ric Elias

Ric Elias had a front-row seat on Flight 1549, the plane that crash-landed in the Hudson River in New York in January 2009. What went through his mind as the doomed plane went down? At TED, he tells his story publicly for the first time.

Ric Elias is the CEO and cofounder of Red Ventures, a portfolio of fast-growing digital businesses.

Why you should listen

Ric Elias was given the gift of a miracle: to face near-certain death, and then to come back and live differently.

Video 4m 45s

Ric Elias – Ted Talks

A native of Puerto Rico, Elias attended Boston College and Harvard Business School before starting his career as part of GE’s Financial Management program. He cofounded Red Ventures in 2000, just months before the dot-com bubble burst. The company weathered the storm; by 2007 it was ranked fourth on the Inc. 500 list, and in 2015 the company was valuated at more than $1 billion. Elias has cultivated an award-winning company culture, ranking as a “Best Place to Work” in Charlotte, North Carolina, for ten years in a row.

Elias’s leadership style and personal life are deeply influenced by his experience as a survivor of Flight 1549, also known as the “Miracle on the Hudson.” He is devoted to using his platform to “leave the woodpile higher than he found it” — spinning out multiple nonprofits from Red Ventures over the years, all of which are aimed at creating educational opportunity and economic mobility for under-served groups. In 2018, Elias launched Forward787, a social enterprise committed to raising and deploying $100 million to build businesses in Puerto Rico that compete with the world’s top companies. In 2019, he launched a podcast, 3 Things with Ric Elias, as a continuation of the learning journey he shared on the TED stage.

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Michio Kaku: 3 mind-blowing predictions about the future

Michio Kaku

What lies in store for humanity? Theoretical physicist Michio Kaku explains how different life will be for your descendants—and maybe your future self, if the timing works out.
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15 min
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with
Michio Kaku

Michio Kaku: 3 mind-blowing predictions about the future
  1. We will become a space-faring species
  2. We will expand the brain’s capabilities
  3. We will defeat cancer

About

Michio Kaku (Japanese: カク ミチオ, 加来 道雄, born January 24, 1947) is an American theoretical physicist, futurist, and popularizer of science (science communicator). He is a professor of theoretical physics in the City College of New York and CUNY Graduate Center. Kaku is the author of several books about physics and related topics and has made frequent appearances on radio, television, and film. He is also a regular contributor to his own blog, as well as other popular media outlets. For his efforts to bridge science and science fiction, he is a 2021 Sir Arthur Clarke Lifetime Achievement Awardee.

Sources
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Warren Buffet | 3 Life Decisions

Warren Buffet | 3 life decisions

Warren Buffett Says 3 Decisions in Life Separate
High Achievers From Mere Dreamers. If the third-richest man in the universe says it, who’s to argue?

BY MARCEL SCHWANTES, INC. CONTRIBUTING
EDITOR AND FOUNDER, LEADERSHIP FROM THE CORE. 7/14/2022

Warren Buffet​
Warren Buffet

Warren Buffett is smarter than me. Much smarter. But, outside of his complete mastery of all things related to investment, is the earthly wisdom Buffett imparts on us mind-boggling? Probably not. It’s the fact Warren Buffett is saying it. He is articulating, in the simplest of terms, things our eighth-grade teacher could have told us, but their coming from Buffett is what makes all the difference.

Nearing the age of 90, the Oracle of Omaha is a success juggernaut whose common sense resonates deep within our souls. Some of his advice just might transform you, but you need to apply it. Here are three inspiring Buffett lessons to move you from dreamer to high achiever.

  1. Don’t risk what you have to get something you don’t need. Buffett once advised graduating students at the University of Florida that he has witnessed both businesses and individuals put themselves at risk to chase after bigger things, usually out of greed when they should have held back.

Buffett said, “If you risk something that is important to you for something that is unimportant to you, it just doesn’t make sense. I don’t care if the odds you succeed are 99 to 1 or 1,000 to 1.”

  1. Invest in relationships with honest and ethical people.

He also asked University of Florida students to think of a classmate they felt had the makings of success long term, such that they would want to get 10 percent of that person’s earnings for the rest of their lives.
“You would probably pick the one you responded the best to, the one who has the leadership qualities, the one who is able to get other people to carry out their interests,” said Buffett. “That would be the person who is generous, honest, and who gave credit to other people for their own ideas.”

  1. Measure your life’s success through one word: love.
    In the Buffett biography, The Snowball: Warren Buffett and the Business of Life, Buffett explains that the highest measure of success in life comes “by how many of the people you want to have love you actually do love you.”

Some people die filthy rich and get buildings named after them but “the truth is that nobody in the world loves them,” says Buffett. In the end, the ultimate test of how you’ve lived your life comes down to love.
“The trouble with love is that you can’t buy it. You can buy sex. You can buy testimonial dinners. But the only way to get love is to be lovable. You’d like to think you could write a check: I’ll buy a million dollars’ worth of love. But it doesn’t work that way. The more you give love away, the more you get,” asserts Buffett.

Warren Buffet​
Warren Buffet

Source: Inc.