That s news, weather, and entertainment, he explains. In other words, there are some industries where there is an almost complete focus on this quarter s earnings, and there is a loss of future planning and visioning needed for the future of the company. Pointing at the Wall Street woes of some telephone companies, Goodmon says they erred in buying up long distance providers and competed on rates rather than investing in other products and technologies, Look where they are now, he says. It seems to me they are not properly positioned for the competitive marketplace. That s why you have to do things, to experiment with things, to try to do things that will not pay off for several years.
Nothing stays the same.
If that s being entrepreneurial, he adds, then I m entrepreneurial. Rick Smith is president of Internet Business Development, a consulting firm in Raleigh, NC and is also a freelance writer.