How to Make Your Business Profitable in the First Year

“The key to success isn’t much good until one discovers the right lock to insert it in.” – Tehyi Hsieh (Chinese Epigrams Inside Out and Proverbs, 1948) Four things to know about success: 1. It has almost nothing to do with luck. 2. It very seldom happens “overnight.” 3. If you have only one goal…

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Living Rich: Watch Great Movies

Last Tuesday, in Message #325, I tried to talk you into reading a really great book. I argued that since you probably have very little time to devote to pleasurable reading, the books you read should be the kind that will give you the most pleasure. I said that there are two kinds of books…

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What Would You Do Differently Next Time?

“Wherever there are beginners and experts, old and young, there is some kind of learning going on, and some sort of teaching. We are all pupils and we are all teachers.” – Gilbert Highet (The Art of Teaching, 1950) If you apply yourself and follow ETR’s guidelines, you will end up with your own business.…

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17 Ways To Brighten Up A Gloomy Day

It is inexcusable to pass along bulk mail as a daily message, but every so often I come across something that I am sure you will appreciate. The following, sent to me by RH (and I don’’t think I even know RH) were designed to “maintain a healthy level of insanity.” Next time you are…

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Living Rich: Read Great Books

Jane Austin’’s “Pride and Prejudice” may be the best-loved novel of all time. Yet, when I first read it — in my late teens — I found it both formidable and inconsequential. Its language — the diction and the syntax — was too antiquated for me then. And the content — the politics of love…

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Being Organized: Is It Really Necessary?

“Divide the fire, and you will sooner put it out.” – Publilius Syrus (Moral Sayings, first century B.C.) Somebody wrote me the other day asking if I “really do all the organizational stuff” that I recommend. “I don’t think I’d have time for anything else,” he said.  The answer is “yes.” I do. And I…

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Why A Liberal Arts Education Is Best

I am sometimes asked — and I don’t know why that is — what course of study I recommend for college students wishing to become successful in business. My answer usually provokes skepticism if not scorn. I recommend a liberal arts education. In the age of the Internet and the new economy, specialized technical knowledge…

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How to Create Personal Wealth

Donald and Mildred Othmer were ordinary Americans. Don was a chemical engineering professor in Brooklyn. Mildred was a teacher. They never did anything extraordinary and never had great luck at anything, yet they did amass a $750 million fortune before they died. They did it by following two principles that we talk about constantly: 1.…

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What I Learned About Leadership From Dance Lessons

Several years ago, I reluctantly agreed to take ballroom dance lessons. I’m glad I did. When you begin a modern marriage (listen up, young ‘uns), you both go into it as partners. The arrangement you presume is that you are going to be in charge of some things and she is going to be in…

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