Episode 47: "Burn the Business Plan" with Carl Schramm

An entire industry – mostly government-funded – has sprung up around the idea of creating entrepreneurs. Don't buy any of it. Don't buy college. Don't buy business incubators. Don't buy mentors – you probably know more about what it takes to succeed in your business than they do. Start the business. As Carl Schramm and I discussed on "The Bill Walton Show," get your education at the School of Hard Knocks. Observe your competitors. Work somewhere first so you can understand the choreography of business. There's a right way to do it, but there are no short-cuts and no gimmicks to get there. Entrepreneurship is about lines of action. The best way to learn how to start businesses is to start a business.