Thursday, February 26, 2009

Topic of the Day: Failure

Out of all the clips in the Prendismo collection, the ones that discuss failure are some of my favorites. While I am in awe of (and sometimes amused by) the mistakes from which various entrepreneurs have learned and recovered, I am also encouraged and inspired to become better at my own personal risk taking and realize that falling on my face isn't the end of the world.

In thinking about which clips to choose, I reflected on a quote from Colin Powell, “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”

In light of that, I’ve selected two clips to showcase. The first clip is of PepsiCo CEO, Indra Nooyi who states, “If you don't make mistakes...if you don't have failures...you'll never learn.”



The second clip I chose is of Matt Russo, Managing Director at Northwestern Mutual Financial Network. I love this clip because he shares a real story illustrating that even in the darkest hour, he still tries to remain positive. This persistence, optimism AND ability to learn from his failures are undoubtedly what enabled him to be the successful entrepreneur he is today.

Wednesday, February 25, 2009

Topic of the Day - Courage

As I was listening to President Obama’s address to the Nation last night, I was struck by the fact that he mentioned the word “entrepreneur” three times in his speech.

It is true – at least in my mind – that entrepreneurship is what has built America - and it is that level of creative, disruptive and innovative thinking that will launch the country and the world out of the current downward economic spiral we face.

In reflecting on that speech, the importance of entrepreneurship to the American economy and considering the topic I wanted to choose for today's blog, I remembered a quote by Peter Drucker: "Whenever you see a successful business, someone once made a courageous decision."

So today’s topic is “courage”.

I picked two clips to showcase. The first is from a lecture by Danny Stein, a serial entrepreneur who currently serves as President of JDS Capital, an investment firm based in New York. He shares a anecdote about the seemingly outlandish and courageous decision that Walt Disney made to produce his first animated film.




The second clip is from an interview we added to the collection yesterday. Anne Loehr has owned and managed eco-friendly hotels and safari companies in Kenya for over 15 years. She is also a Partner in Riverstone Endeavors which provides leadership, team and individual coaching to leading businesses around the world.



"...you have a vision and you know it is going to impact the world and it is going to help people in some way by giving him jobs, by giving an opportunities, a new product..."

Let's hope that all individuals with visions to change the world also have the courage to move forward with their decisions.

Monday, February 23, 2009

Topic of the Day - Bootstrapping

In business, the term "bootstrapping" means that one is able to start a business without external help or capital. The initial funding comes from the entrepreneur and costs are carefully controlled as the organization is "pulled up by its own bootstraps".

In the current economic environment, bootstrapping is becoming a more common reality. But is that a bad thing? According to many entrepreneurs, bootstrapping is the BEST way to start a business

Listen to Scott Blackwell, founder of Immaculate Baking Company as he shares the following insight:

"If I'd had funding from day one... if somebody had given me 3 million dollars and said, 'Start your company,' I would have blown the 3 million dollars on a completely different direction and probably not gotten to the real soul of it."




Click here to see more clips where entrepreneurs discuss the advantages and challenges of Bootstrapping.

You can also listen/download a 7-minute podcast at Prendismo entitled Bootstrapping Builds a Better Business

Friday, February 20, 2009

Topic of the Day - Innovation

Two things on my mind today...

First, after listening to NPR, reading the papers, following Twitter updates...it seems as though no one is talking about anything positive anymore. Sure, the stock market is in disarray and the economy is nearing "great depression" status...but we live in a country that doesn't count you out if you fail. The expectation is that you will stand back up and keep trying. It is that determination and acceptance that has made the US such an incredible source of entrepreneurship and innovation.

Second, I have been struggling with how to best convey all of the incredible content stored in the almost 13,000 clips in Prendismo. I realized that one of the uses of this blog should be to showcase some of my favorite clips (yes, I have actually listened to ALL of the clips in the collection) to enable you to understand and learn from the passion, energy and enthusiasm of the 600+ entrepreneurs and business leaders we have interviewed.

So starting today, I will pick a few topics each week...and pull some of my favorite clips from each topic to share.

Thought I would start today with a clip from the topic "Innovation". In this clip, John Bello, co-founder of South Beach Beverage Company (SoBe), discusses how entrepreneurs are the true innovators in America and that the best innovation often comes from having nothing.



Steve Leveen, CEO and co-founder of Levenger has a great clip on the topic too. Following Bello's thought, Leveen states that most innovation in business happens when people and organizations "don't have the resources they ought to have."



Given the current state of the economy, seems like the country is ripe for some innovation!

Wednesday, February 18, 2009

Welcome!

Welcome to the Prendismo blog!

Many have asked, "What does 'Prendismo' mean and how did you come up with the name?"

The name Prendismo (pronounced "pren-deez-mo") is our own creation. It was inspired from the word 'entrePRENeur" and the Spanish phrase "PRENDer la luz" ("turn on the light"). We liked combining the "PREND" with the "ISMO" because it expressed our desire for people to learn that there "IS MOre" behind every professional journey than meets the eye.

Our website has used digital media to capture the passion, stories, failures and dreams of over 600 entrepreneurs and business experts. Their stories are transcribed and broken down into 2 minute video clips. Our goal is that their knowledge can be used by others to shed light on entrepreneurship and business.

Browse the collection by topic, check out our list of podcasts or enjoy our highest rated clips to get a feel for what the collection has to offer.