Count the Cost

Integrity versus Investment

I think we all can agree that when billionaire business mogul and philanthropist Warren Buffet speaks, people listen. Let me mention billionaire one more time for the man that still lives in the home he purchased in 1957. I was reading an article penned by Courtney Connely, “Buffet’s career advice will change how you approach your job,” where CNBC Contributor Suzy Welch said that Buffett who gave her the career advice that had helped her more than any other wisdom she’s received. What was this piece of wisdom? “You cannot make a good deal with a bad person.”

I stopped to ponder what does this statement mean to me. My mind went to ethical behavior, code of conduct, honesty, integrity, trustworthy, kind, and compassionate. Take a look around you, what have you draped yourself with in your circle of influence. Your closest friends project a picture of your future. What are their values? Fortunately, you have an opportunity to spend time with them and get to know your personal partners. But what about your business partners?  Will you have that kind of opportunity to forge a viable relationship before you shake hands on a deal; before you sign on the dotted line; before you say yes? Did you count the cost of the relationship in conjunction with the return on investment?

I encourage you to take inventory of your ships-friendships, relationships and partnerships. A person’s values are just as important as their valuables. Are their words in alignment with their actions? The cost of doing business with one who lacks integrity could cost you your business. Conflicts of interest do not have to exist, the appearance of them is enough for reputation risk that could cost market share. Questionable character can erode your value position. Count the cost.

It is important for entrepreneurs of start-ups to establish a code of conduct for their employees. You set the tone of what is to be expected. Governance and ethics should be part of the culture. If you are employed for a company, find out what is the company’s whistleblowing policy and how do they handle misconduct. If you are seeking employment, do your homework and interview the company to find out what is the tone at the top for ethical behavior. You need to know what is expected and what is tolerated. Everything that sounds good isn’t always good for you.

I encourage you to align yourself with those who walk in integrity, deliver the truth in kindness, even when it stinks, and do what is right in the face of adversity.

Don’t Forget Your Shoes Wealth versus Riches


I took the one less traveled by and that has made all the difference -Robert Frost

As I am nearing the end of this entrepreneurial education journey at WCU, it marks the transition to the reality of developing wealth. Wealth over riches. I love to shop and eat and small town establishments. Those are the places where you have the stories from generations and not just competitive prices for cheaply made goods or services. It takes courage to say, I have an idea that I think is great; let me put it out there and see if others think it’s great too. Great enough that they are willing to pay for it. This journey will consume many miles of our lives. With every step we take in confidence and courage, know that the wear and tear on our soles makes new pathways for souls of the next generation. As you go forth in finding your niche, I would like to share a perspective of wealth versus riches. I am currently reading Poverty, Riches & Wealth by Kris Vallotton. This book shines a spotlight lack and abundance . See if you are walking in the light that it shines…

POVERTY THINKING versus WEALTH THINKING

  1. Poverty lives for today, but wealth leaves a legacy.
  2. Poverty finds a problem in every opportunity, while wealth finds an opportunity in every problem.
  3. Poverty feels entitled, while wealth feels empowered.
  4. Poverty fears the future, yet wealth makes history.
  5. Poverty hangs around with other disgruntled sorts who validate its accusations, but wealth surrounds itself with other powerful influencers.

RICH MINDSET versus WEALTH MINDSET

  1. Rich people have a vision for the things they can buy. Wealthy people have a vision for the legacy they are leaving.
  2. Rich people think their money protects them; they have a sense of being above the law. Wealthy people are inherently humble, because they are thankful, knowing the source of their provision is greater than themselves.
  3. Rich people compete for money. Wealthy people are compelled to destiny.
  4. Rich people step on others to move up. Wealthy people measure success by the people they help up.
  5. The rich person’s business goal is to make money. The wealthy person’s profession yields profit as the fruit of serving others well.

It is my hope that you find yourself and others in this wisdom that Mr. Vallotton shares. They can be used as soles for your journey to becoming wealthy business owners.

WCU Entrepreneurship

Don’t Forget Your Shoes-Wealth versus Riches


I took the one less traveled by and that has made all the difference -Robert Frost

As I am nearing the end of this entrepreneurial education journey at WCU, it marks the transition to the reality of developing wealth. Wealth over riches. I love to shop and eat and small town establishments. Those are the places where you have the stories from generations and not just competitive prices for cheaply made goods or services. It takes courage to say, I have an idea that I think is great; let me put it out there and see if others think it’s great too. Great enough that they are willing to pay for it. This journey will consume many miles of our lives. With every step we take in confidence and courage, know that the wear and tear on our soles makes new pathways for souls of the next generation. As you go forth in finding your niche, I would like to share a perspective of wealth versus riches. I am currently reading Poverty, Riches & Wealth by Kris Vallotton. This book shines a spotlight lack and abundance . See if you are walking in the light that it shines…

POVERTY THINKING versus WEALTH THINKING

  1. Poverty lives for today, but wealth leaves a legacy.
  2. Poverty finds a problem in every opportunity, while wealth finds an opportunity in every problem.
  3. Poverty feels entitled, while wealth feels empowered.
  4. Poverty fears the future, yet wealth makes history.
  5. Poverty hangs around with other disgruntled sorts who validate its accusations, but wealth surrounds itself with other powerful influencers.

RICH MINDSET versus WEALTH MINDSET

  1. Rich people have a vision for the things they can buy. Wealthy people have a vision for the legacy they are leaving.
  2. Rich people think their money protects them; they have a sense of being above the law. Wealthy people are inherently humble, because they are thankful, knowing the source of their provision is greater than themselves.
  3. Rich people compete for money. Wealthy people are compelled to destiny.
  4. Rich people step on others to move up. Wealthy people measure success by the people they help up.
  5. The rich person’s business goal is to make money. The wealthy person’s profession yields profit as the fruit of serving others well.

It is my hope that you find yourself and others in this wisdom that Mr. Vallotton shares. They can be used as soles for your journey to becoming wealthy business owners.