How To Become A Successful Business Owner

Simply repeating the mantras “act as if” or “be the ball,” as well as countless others that would speak to the fact that if you want to succeed, you have to be seriously committed to what you are doing, is hardly ever enough. Something that no one ever discusses, however, is that commitment, in and of itself, is not going to do anything without a firm belief in what it is you are doing. You can fake concern at a corporate, pencil-pushing job, but when it comes to running your own business, impotent goals and lack of belief in what you are trying to accomplish, will thwart all efforts, and in short-order. That said, no one would start a business unless they believe in what they are doing, right? Not necessarily.

Some people are just busy arbitrarily chasing the dollar, with no concern for what they do, or how they earn it. Belief in chasing the dollar can stoke the fires of success, yet likely in a particularly ephemeral way. Finding your burning desire, and deciding to capitalize on that interest, will lead you down the path where you will eventually introduce yourself to your own success. It is enthralling, and as much as the process of building a business, and hopefully subsequent success, is grueling, it is likely the most worthwhile undertaking you will ever commit to.

David Leuschen, Founder and CEO of Riverstone Holdings, spoke at Dartmouth’s Tuck School of Business. People generally clamor to get to any speaking engagement he does. The reason being is he has perhaps one of the most respected of business minds in this country. On one occasion a few years back, he took time to discuss the merits of what it takes to succeed in business.

One point he discussed was to get out of the lines! He says that too many people spend their lives living within the lines. Now for every person that ventures out, one must stay in, but that said, those stepping out should be those starting their own ventures. The second point draws on the old Woody Allen phrase, “ninety percent of life is just showing up.” He basically means that if you spend time in one career, learning all you can, eventually it will serve you in ways you had not ever realized.

There was not much talk of embracing risk, but that is a necessary component if one is starting a business. Being entrepreneurial means you are, in a lot of ways, almost addicted to taking some risks. There is nothing wrong with taking a calculated risk, or an all-out gamble. If you always have contingency plans, you will likely always find your feet on the ground. Have a plan.

Expected Interest Rate Hikes for 2016

Bond manager Bill Gross predicts that the U.S. Federal Reserve will raise interest rates once or twice in 2016, according to an interview in Barron’s.

Gross, who is the manager of the Janus Global Unconstrained Bond Fund, told Barron’s that he does not expect U.S. Treasury yields, which are currently around 1.7 percent, to change dramatically this year.

The 71-year-old portfolio manager said he sees investment opportunities in merger arbitrage situations, such as Berkshire Hathaway’s acquisition of Precision Castparts last year or Anheuser Busch InBev’s planned acquisition of rival SABMiller .

Additionally, Gross said he likes closed-end funds such as the Nuveen Preferred Income Opportunities Fund and the Duff & Phelps Global Utility Income Fund .


Fighting the Bed Bug

Just the mention of them can make you start itching. And the thought of them crawling near you while you sleep is an added creepy factor.

So, besides being a nuisance, what are bed bugs? They are tiny flat insects that live off of our blood while we are sleeping at night. They have oval bodies and are reddish in color. An alarming fact about the bed bug is that once they are present the female can lay 200, 300 or as many as 400 eggs if the conditions are right.

The good news is that there are really no bodily infections or diseases caused by the bites from bed bugs, but some victims do have reactions such as bites, and of course, that nasty itch. Infections caused by scratching can also be a possibility.

Bed bugs do not fly, they crawl and once they are present, they can be moved place to place such as in bedding and luggage, which is why the can be such a problem for hotel owners. They can also travel from room to room through duct work, gaps and cracks. When there is a severe breakout, such as the bed bug breakout in DC, they can be hard to get under control.

Bites vary by the victim. Sometimes you might not even realize you have them because they look like a little like mosquito bites or flea bites. There may be just a single bite, or a small trail of them in a contained area.

To make sure you never have a bed bug outbreak in your own home, be sure to vacuum your mattresses every so often, and wash all of your clothes in hot water every time you return home from traveling. When vacuuming, make sure to get in all of the folds and seams. Before sleeping in a hotel room, check the mattress for signs of them.

It is not easy to get rid of bed bugs on your own. If you even suspect you have them in your own home the best thing you can do is to contact a local pest removal company as soon as possible to verify your fear. They have all of the right tools and supplies and will be able to help with the elimination process and it will be quicker and done more thoroughly.

It isn’t fun to deal with a bed bug outbreak but with a good pest removal company it can be done a little easier and with less frustration.

Getting Down to Business with David Leuschen

Founder and CEO of Riverstone Holdings, David Leuschen, has a different perspective on the decision making process that most individuals use these days, as well as the propensity for taking risks to get ahead in life. He believes that things have changed drastically over the last few decades and that people are flat out not rolling the dice in their daily lives and in their business lives, which keeps them from truly excelling.

One of the biggest things in his perception is simply showing up. This means picking a career that you want to work in and essentially putting in enough work each and every day until you start to excel. The theory here is that by simply being present and working each day, while getting better at what you do, is one of the most important things in the business world and that opportunities are going to come inevitably.

Many people live their lives well within the lines and the boundaries to what they would consider safe and there is no question that this holds people back greatly in life. There is no reward without risk, although a ton of people have gravitated towards the safe route and there is no doubt that it is stopping people from reaching their full potential in life. While many people in the business world set their focus on buyouts when it comes to investments, Mr. Leuschen takes an opposite approach.

The majority of his business investments come in the form of build ups, which he poses as a more of a micro angle of coming at it, rather than a macro perspective, which is essentially buying companies out. The overall framework that he applies to business is very different from the majority of people and various companies that are out there today and the reality is, they can all take a lesson by the ways that he has been conducting himself when it comes to his business, as there is no question that he has been dramatically successful.

Many people try to step in line and follow the guidelines to what they think other people have laid out as the correct path to becoming successful in business, but the CEO of Riverstone Holdings sees the business world in a different light. Taking the time to evaluate the risks that you take is essential, but stepping outside the lines and making wise investments is an intelligent move, according to David Leuschen.