100 Year Company Blog
As the cabin attendant came toward our seats a thought came unbidden to me. Who is she? What is her story? What are her dreams and aspirations? I tried to picture her at home on Christmas morning, relaxed and surrounded by loved ones, instead of here at 35,000 feet efficiently looking after her passengers.
I pictured her getting accepted to flight attendants school, studying what I suspect is a challenging course from first aid and safety to food service and customer relations. I imagined her celebrating the passing of the course and celebrating securing the job with the airline.
Ralph and Alice sat in front of me fidgeting. Obviously, they needed to talk about something that was bothering them.
“We were at a party last week,” Ralph offered, “and a friend told us he was moving all his investments to fixed income to protect his capital. What do you think?”
“Well, Ralph,” I replied. “Your friend may be mistaking fixed income for fixed capital. There are really only three types of investment; Fixed capital – like daily interest and GICs; fixed income – bonds are an example; and equities or stocks – many mutual funds are equity funds.
Intrapreneurship is the act of behaving like an entrepreneur while working within a large organization. Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques, that are more traditionally thought of as being the province of entrepreneurship.
I often talk to people about retiring and starting a business. A famous example is Colonel Sanders who started his finger-licking chicken business at the age of sixty five. Retirement is a great time to start a business, you have a wealth of knowledge drawn from a lifetime of experience, networks of people who can be customers or suppliers or even partners. Retiring to something, however, is not the only motive for starting down the path of self-employment. Being down sized, laid-off or just simply growing tired of working for someone else are also established reasons.
Some years ago I was watching a film about a photographer from National Geographic. The program was about how he did his work, he selected the shot through his viewfinder, aware each shot could be the picture that defines his career.
Early in the film, this man said something that struck a cord for me. “We are taught we have to see it to believe it,” he said, “but maybe sometimes we have to believe it to see it.”