Many entrepreneurs struggle to make ends meet and make payroll on a regular basis. Others make it so big that they reach billionaire status. That's a level beyond the dreams of most and that is why most will not ever make it.
According to Forbes magazine, it is the thought processes and patterns of billionaires that separate them from other business owners. So let's look closely at a few of the characteristics of those that have achieved the ultimate.
Dream and mindset
Mark Zuckerberg of FaceBook, Richard Branson of Virgin, Steve Jobs of Apple, Bill Gates of Apple, and Oprah Winfrey of Harpo all dream large. This country is full of "mom and pop" stores and restaurants whose owners have fulfilled their dreams of business ownership. While many are happy and satisfied at their current levels of success, there are billionaires who have taken a store concept to a whole new level.
Consider Wal-Mart, which has multiple stores in cities across the country. Sam Walton had the mindset and vision to take the concept of one store to many stores. The goal was achieved as vision was coupled with the execution of plans to get there. Today, the Forbes Richest People in America List features several members of the Walton family.
A Scottish town planner may have been the first person to use the concept, if not the exact words, back in the early 1900s: "Think globally, act locally." Regardless of its origins or history, it needs to be an idea practiced by every person wanting to participate in Memphis' share of the global economy.
As workers, investors, inventors, innovators, entrepreneurs, business people or community members, we are part and parcel of a global economy, and it is not waiting for any of us.
Thomas Friedman, in his 2005 bestseller, "The World is Flat," tells this fable to illustrate the urgency of the matter:
Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn't matter whether you are a lion or a gazelle: when the sun comes up, you'd better be running.
Due to an emergency situation at I-40 and I-55 that has left hundreds of motorists stranded for hours, the City of Memphis will continue the sheltering operation at Hollywood Community Center in partnership with the American Red Cross. The location at 1560 N. Hollywood Ave. is about a mile from the interstate and easily accessible to motorists detoured and seeking shelter.
The warming center at Charles Powell located at 810 Western Park will be shut down at 3 p.m. Any resident there will be offered transportation to the Hollywood Community Center.
The Orange Mound Community Center at 2572 Park Ave will operate at its normal business hours today and close at 8 p.m.
With the temperature gauge engaged in an arduous push to edge above freezing and the forecast suggesting a warming, Greater Memphis is bundled up and moving forward, cautiously.
The National Weather Service projects a Tuesday high near 34, with a jump to near 42 on Wednesday, near 47 on Thursday and near 56 and Sunny on Friday.
Across the metropolitan area, the weather front that dumped snow, ice, sleet and rain left frozen reminders of its interruption of the routine. Although major streets and passageways were passable, ice remains forcing motorists to adjust accordingly.
WASHINGTON – Several new studies confirm what most people have suspected all along: No group is harmed more by gun violence than young black males.
"While 13 percent of Americans are black, in 2010, 65 percent of gun murder victims between the ages of 15 and 24 were black," revealed a report by the Center for American Progress (CAP). "Forty-two percent of the total gun deaths of individuals in this age group were of black males."
This trend has continued, the report noted, even as crime rates decline.
Page 88 of 461