I started on my entrepreneurial path while working full-time in a law firm. I was making a good salary, had a corner office and enjoyed the work. My Sin City Cupcakes co-founder Dannielle Cole called me one day to catch up, as friends do, and from there the idea of alcohol-infused cupcake company was born. […]
Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand. They can become frustrated with investors, senior executives, and even customers who don’t seem to “get it” with the result that everyone loses. […]
The way you spend your time and delegate your daily tasks is more critical to your success as a business owner than you realize. I grew up in a family where my mom went grocery shopping each week and as a family, we did weekly chores. I used to think it wasn’t a big deal […]
The greatest business lessons we can learn always involve treating one another with respect and kindness. When a devastating magnitude 7.9 earthquake hit Sichuan, China in May 2008, my late father Dr. Rongxiang Xu was the first person to assemble a team of medical professionals and head into the disaster zone. These heroic actions didn’t […]
The more transparent you are as a company, the more customers, investors and employees alike will trust you. Corporate transparency, flat organization and open book policies are terms executives and entrepreneurs hear about all the time. As the corporate world shifts towards a more open culture, the demand for open data and insights has increased. This shift […]
Starting a business is one thing. Building a new vertical in an industry is something entirely different. Getting a business off the ground may just be one of the most difficult things someone can do in life. Securing enough capital, hiring the right employees, perfecting a marketing plan – the hurdles you have to clear when launching […]
When I was 16 years old I met Monte Lipman, the President of Universal Records. His personal driver dropped him off in an all black S-Class Mercedez Benz Sedan in front of my high school. It was a Saturday, and he was the only reason I would show up to school on a Saturday. He […]
Sometimes real world experience is the best education there is.
From one CEO to another: how to get the most out of your board meetings.