What Successful Businesses Have in Common

Clifford Schorer: I think if I would — if I tried to narrow it down to its essence it would be the entrepreneur themselves. Very rarely does a business or never does a business plan come true. You have to be flexible. You have to work your way through the challenges, learn what's going on, and I think if the personality of the leader is one that's open to new ideas, responds to a market quickly, that they'll figure it out. I think that the greatest trap is really when you are fixed on your idea and believe it has to stay exactly the way it is to be successful. That's pretty dangerous.

Question: What can entrepreneurs do wrong?

Clifford Schorer: Well, I'd say that's half of it. I'd say equally important is the fact that they run out of money. They constantly underestimate the amount of capital they need and they constantly are in a position where they are spending their time trying to raise the next payroll when in reality they should be building a business. So I'd say those two are pretty important things.

Recorded on: 5/13/08

Good entrepreneurs who stay flexible, says Cliff Schorer.

In quantum entanglement first, scientists link distant large objects

Physicists create quantum entanglement, making two distant objects behave as one.

Niels Bohr Institute
Surprising Science
  • Researchers accomplish quantum entanglement between a mechanical oscillator and a cloud of atoms.
  • The feat promises application in quantum communication and quantum sensors.
  • Quantum entanglement involves linking two objects, making them behave as one at a distance.
  • Keep reading Show less

    Three philosophies of punishment and whether or not they work

    What do we want to do with convicted criminals? Penology has several philosophies waiting to answer that question.

    Credit: nampix/Shutterstock
    Politics & Current Affairs
    • What is the purpose of punishing a convicted criminal supposed to be? It depends on which philosophy you prescribe to.
    • None of these ideas are without their detractors, or qualifying evidence.
    • As the United States grapples with criminal justice reform, the arguments each philosophy has behind it will have to be considered.
    Keep reading Show less

    90,000-year-old human hybrid found in ancient cave

    Researchers have just discovered the remains of a hybrid human.

    Researchers in a chamber of the Denisova cave in Siberia, where the fossil of a Denisova 11 was discovered. CreditIAET SB RAS, Sergei Zelensky
    Surprising Science

    90,000 years ago, a young girl lived in a cave in the Altai mountains in southern Siberia. Her life was short; she died in her early teens, but she stands at a unique point in human evolution. She is the first known hybrid of two different kinds of ancient humans: the Neanderthals and the Denisovans.

    Keep reading Show less

    How the media helped fuel the anti-vaxx movement

    Andrew Wakefield turned away from science and to the tabloids to spread his fabricated data.

    Photo: In the Light Photography / Shutterstock
    Politics & Current Affairs
    • Investigative journalist Brian Deer has published a new book on anti-vaxx ringleader, Andrew Wakefield.
    • Discredited in the science community, Wakefield turned to the media to share his anti-vaxx propaganda.
    • The disbarred doctor fabricated results and filed for his own vaccine patents, Deer reports.
    Keep reading Show less
    Quantcast