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The 7 Habits of Highly Effective Mediocre Entrepreneurs

The 7 Habits of Highly Effective Mediocre Entrepreneurs
[Editor’s note: James Altucher is an investor, programmer, author, and entrepreneur. He is Managing Director of Formula Capital and has written ten books. His latest books are I Was Blind But Now I See and 40 Alternatives to College. You can follow him on Twitter @jaltucher.] I’m pretty mediocre. Particularly as an entrepreneur. I’ve started a bunch of companies. That said, all entrepreneurs should be so lucky. If you want to get rich, sell your company, have time for your hobbies, raise a halfway decent family (with mediocre children, etc), and enjoy the sunset with your wife on occasion, here are some of my highly effective recommendations. - Procrastination – In between the time I wrote the last sentence and the time I wrote this one I played (and lost) a game of chess. Procrastination is your body telling you you need to back off a bit and think more about what you are doing. Try to figure out why you are procrastinating. [See also, "5 Great Things About Procrastination"]

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How To Thrive In The Free-Product Economy Building technology has never been cheaper than it is today. Or faster. In the past twelve months, Ruby on Rails programmers built more than a million apps on top of Heroku, a platform that allows coders to save drastic amounts of development time. Historically, the majority of the cost of a typical app comes from maintenance, says Heroku COO Oren Teich; companies like his build layers of technology that deplete those setup and maintenance costs--not to mention experience required--to build software. "Innovation is increasing," Teich says.

How to make the most of Twitter when you’re a small B2B company One of the most common reasons why small business owners avoid social media is time. When you are busy trying to manage customers, staff and cash flow, an hour spent on Facebook, Twitter or even LinkedIn can seem like an hour wasted. But ignore these tools at your peril. There is a common perception that Twitter in particular is a time-consuming source of idle gossip, celebrity chitchat and revelations about what was for lunch. This perception is not entirely groundless – there is a lot of fluff out there and you do need to devote some time to it daily – but Twitter can also be a rich source of information and business leads.

New wave of entrepreneurs seek fast fortunes Alan Bond, pictured in 1995. Photo: Patrick Cummins Once upon a time the word 'entrepreneur' made Australian investors cringe. In the heady days of the 1980s, high-profile entrepreneurs such as Christopher Skase and Alan Bond amassed vast fortunes, only to lose the funds of investors in the wake of the 1987 stockmarket crash. What is the Future of Storytelling? As consumer technology evolves at an ever-quickening pace, opportunities for new forms of storytelling are emerging. Experimentation is all well and good, but what do audiences actually want? To answer this question, research group Latitude has interviewed 158 early adopters and compiled a report that forms the first phase of its The Future of Storytelling project. Unsurprisingly, these early adopters are keen to take advantage of everything that technology has to offer. Their key demands are summarized in Latitude’s report as ‘The 4 I’s': Immersion, Interactivity, Integration and Impact. Essentially, they want to be able to explore a story in greater depth, and have it reach out of the confines of a single medium and play out in ‘the real world’.

The Post-Employee Economy: Why Sky-High Profits Are Here to Stay - Conor Sen The end of the age of consumption and the decreasing need for labor are more related than you think Reuters Robots have come to destroy our way of life, just as we saw in Terminator 2: Judgment Day, though not as we expected. All Revenue is Not Created Equal: The Keys to the 10X Revenue Club May 24, 2011: May 24, 2011: [Follow Me on Twitter] “ Don’t you know that you are a shooting star,And all the world will love you just as long,As long as you are.” – Paul Rodgers, Shooting Star

What Successful People Do With The First Hour Of Their Work Day Remember when you used to have a period at the beginning of every day to think about your schedule, catch up with friends, maybe knock out a few tasks? It was called home room, and it went away after high school. But many successful people schedule themselves a kind of grown-up home room every day. You should too.

3 Skills Every Entrepreneur Needs: Perseverance, Respect, Innovation While the young business grad was outwardly enthusiastic, I sensed an undercurrent of fear. With bright eyes and animated hands, she had spent 10 minutes describing her plans and goals. However, I could tell that--staring into the abyss of her adult life--she was a bit uneasy about her future. She was right to be a little afraid. When carving a niche in the world of business and entrepreneurship, academic knowledge is rarely enough to guarantee success.

You Either Die A Hero Or You Become The Villain by MG Siegler Over the past month, I’ve been watching Dalton Caldwell’s experiment with much interest. Essentially, he’s trying to rebuild Twitter from the ground up, only as a fully user and developer-supported network. In other words, he’s pissed off — as many people are — about some of the changes Twitter is undergoing in an apparent attempt to monetize. It's the 21st century – why are we working so much? If there's one thing practically all futurologists once agreed on, it's that in the 21st century there would be a lot less work. What would they have thought, if they had known that in 2012, the 9-5 working day had in the UK become something more like 7am to 7pm? They would surely have looked around and seen technology take over in many professions which previously needed heavy manpower, they would have looked at the increase in automation and mass production, and wondered – why are they spending 12 hours a day on menial tasks? It's a question which isn't adequately answered either by the right or by the official left.

North of Where We Are Today: Live Nation Labs in San Francisco - Live Nation Labs By Eric Garland [Update: Rexly duderino Joel Resnicow has written a better and more informative announcement. Please read his first.] Tonight I’m feeling reflective, on the eve of the announcement that we have acquired iPhone social music star Rexly and that the Rexly team will establish our new San Francisco presence, Live Nation Labs North, or LN² as it’s already known around here. I’m feeling reflective (in addition to yeehaw, hellyeah, and damnright) because Joel and Kyle have just entrusted to the Labs something handmade, something precious and rare. 12 Things to Consider When Deciding Where to Start Up Entrepreneurship has an attractive set of freedoms: create any kind of business, set your own hours and manifest an ever changing job description, one free of geographical bounds. Thanks to the Internet, you can choose to start up anywhere in the world that you want to. But just like selecting a home for your family or a school district for your kids, there are a few important factors to consider when picking a place to start a business.