Post your comment as it relates to your reading of Chapters 10-13 of $1,000 and an idea- Sam Wyly.If you choose a quote, include why, what it means to you, etc, what did you like/learn etc
Due Oct 21
Page 112 "IBM's long shadow looming on the horizon didn't bode well for anyone thinking of investing in stand-alone software. Not as long as IBM could imitate it, bundle it with their machines, and thus stamp out unwelcome competition." Sam described the competitiveness of IBM in the early days of computers.
I've found all of the chapters about his responsibilities with IBM and how he's dealing with his success as well as downfalls to be very interesting. Obviously the stand alone software isn't something to invest in, I think anything that is stand-alone should be looked over thoroughly before considering any type of investment.
Stilllll not diggin’ this book . awful read . BUT , I like how into detail he went about the IBM in the early days of computers and how competitive it was .
I like his perserverance with IBM, and how much detail he went into in the book. He went against what everyone else was doing because he believed it would be succesful. When it became succesful though he got all the rewards.
Pg-118"There are two ways a business owner gets rewarded: either through appreciation of the companies’ market value or with increasing dividends, and dividends are fine with me" I agree with Sam Wyly,I would prefer the latter.
I enjoyed this section of this book, he went against what everyone said and with perserverance he succeeded. When all was said and done he was recognized and recieved rewards. To me this is how people should be, persistant and different.
The book hasn't really hooked me into wanting to go into more details about Entrepreneurship. But still the factor of how he did what he did and how he did it is kind of fascinating. Overall, the book still hasn't sparked anything for me.
While the book may not be the most interesting, the advice he gives the reader would really help anyone who was looking to become an entrepreneur. I like how he implies that you have to be true to yourself and your own ideas if you are going to be successful.
this book is not very interesting and a little confusing but in these chapters he talks about At&t and how if u cant join them, beat them. I learned that world wide web was only used 1991. Even though it might be boring, u can learn some new things.
I found this to be a pretty fascinating few chapters. I like the way he thinks, he doesn’t let anyone tell him that he can’t do something. He sets his mind on his goals and no matter how he achieves them. That is pretty inspiring to a lot of people including myself, can’t let people tell you no or you will never get anywhere in life and I think that Sam Wyly displays going against the “norm” perfectly.
The chapters 10-13 these were not really confusing because he talked about at&t and when you cant join them, then just join beat them. I don't think thast book is very interesting because I already know most of the stuff he talks about. But i will keep on reading and see if the book gets any better.
These chapters lost my interest somewhat and I think was the most boring section of the book but just like the rest of the book Mr. Wyly gives good advice on being on entrepreneur.
Like I have said before I am not a big fan of this book. Although this chapter was a little more interesting it still is pretty hard for me to read this without getting bored. I am not saying this is a bad book it's just that I hate reading.
I think that in these chapters Mr. Wyly shows that even though you are the titan of an industy (IBM) you need to keep changing or you will die. Mr. Wyly was able to quickly change paths and thats what led him to success
Stay true to your word! Perservere and don't take no as an answer. These are only some of the notions expressed by Wyly in these couple of chapters. Wyly explains ingenuity in the entrepreneuring world is essential, the economy is everchanging so business must continally changing in correspondence.
In chapter 10 and 11 sun well company now started to make email messaging. Against the AT&T telephone and mailing and AT&T say they can’t be beat but later they got beat. In 12 the sunwell has invented software and made a website called earth resources. In 13 they were in the stock market buying shares of oil and silver and Dan didn’t want to sell the stock because the price never goes down. So Sam Wily made the decision to kick Dan out and sell the stocks before the drop in price
By the mistakes he made early on, Sam prospered by learning from them. The quote, "Don't skate to where the puck is, skate to where it is going to be" related well here because if you skate to where the puck is going to be then you will have more of a chance to get a pass and score. Similarly with running a business.
Page 112 "IBM's long shadow looming on the horizon didn't bode well for anyone thinking of investing in stand-alone software. Not as long as IBM could imitate it, bundle it with their machines, and thus stamp out unwelcome competition." Sam described the competitiveness of IBM in the early days of computers.
ReplyDelete"But i held onto a good sized chunk because my own identity and the company were bonded in my mind"
ReplyDeleteIMPORTANT TO REMAIN TRUE TO YOUR VISIONS AND IDENTITY!
I've found all of the chapters about his responsibilities with IBM and how he's dealing with his success as well as downfalls to be very interesting. Obviously the stand alone software isn't something to invest in, I think anything that is stand-alone should be looked over thoroughly before considering any type of investment.
ReplyDeleteStilllll not diggin’ this book . awful read . BUT , I like how into detail he went about the IBM in the early days of computers and how competitive it was .
ReplyDeleteI like his perserverance with IBM, and how much detail he went into in the book. He went against what everyone else was doing because he believed it would be succesful. When it became succesful though he got all the rewards.
ReplyDeletePg-118"There are two ways a business owner gets rewarded: either through appreciation of the companies’ market value or with increasing dividends, and dividends are fine with me" I agree with Sam Wyly,I would prefer the latter.
ReplyDeleteI enjoyed this section of this book, he went against what everyone said and with perserverance he succeeded. When all was said and done he was recognized and recieved rewards. To me this is how people should be, persistant and different.
ReplyDeleteThe book hasn't really hooked me into wanting to go into more details about Entrepreneurship. But still the factor of how he did what he did and how he did it is kind of fascinating. Overall, the book still hasn't sparked anything for me.
ReplyDeleteWhile the book may not be the most interesting, the advice he gives the reader would really help anyone who was looking to become an entrepreneur. I like how he implies that you have to be true to yourself and your own ideas if you are going to be successful.
ReplyDeletethis book is not very interesting and a little confusing but in these chapters he talks about At&t and how if u cant join them, beat them. I learned that world wide web was only used 1991. Even though it might be boring, u can learn some new things.
ReplyDeleteI found this to be a pretty fascinating few chapters. I like the way he thinks, he doesn’t let anyone tell him that he can’t do something. He sets his mind on his goals and no matter how he achieves them. That is pretty inspiring to a lot of people including myself, can’t let people tell you no or you will never get anywhere in life and I think that Sam Wyly displays going against the “norm” perfectly.
ReplyDeleteThe chapters 10-13 these were not really confusing because he talked about at&t and when you cant join them, then just join beat them. I don't think thast book is very interesting because I already know most of the stuff he talks about. But i will keep on reading and see if the book gets any better.
ReplyDeleteThese chapters lost my interest somewhat and I think was the most boring section of the book but just like the rest of the book Mr. Wyly gives good advice on being on entrepreneur.
ReplyDeleteLike I have said before I am not a big fan of this book. Although this chapter was a little more interesting it still is pretty hard for me to read this without getting bored. I am not saying this is a bad book it's just that I hate reading.
ReplyDeleteHe is very independent and doesn't let anybody tell him what do to. I find the book boring but parts of it are interesting and make some good points.
ReplyDeleteMr. Wyly talks about his success and how to be a successful entrepreneur. Talks more about IBM, nothing really specail or new in these chapters.
ReplyDeleteI think that in these chapters Mr. Wyly shows that even though you are the titan of an industy (IBM) you need to keep changing or you will die. Mr. Wyly was able to quickly change paths and thats what led him to success
ReplyDeleteStay true to your word! Perservere and don't take no as an answer. These are only some of the notions expressed by Wyly in these couple of chapters. Wyly explains ingenuity in the entrepreneuring world is essential, the economy is everchanging so business must continally changing in correspondence.
ReplyDeleteIn chapter 10 and 11 sun well company now started to make email messaging. Against the AT&T telephone and mailing and AT&T say they can’t be beat but later they got beat. In 12 the sunwell has invented software and made a website called earth resources. In 13 they were in the stock market buying shares of oil and silver and Dan didn’t want to sell the stock because the price never goes down. So Sam Wily made the decision to kick Dan out and sell the stocks before the drop in price
ReplyDeleteBy the mistakes he made early on, Sam prospered by learning from them. The quote, "Don't skate to where the puck is, skate to where it is going to be" related well here because if you skate to where the puck is going to be then you will have more of a chance to get a pass and score. Similarly with running a business.
ReplyDelete