Having the ability to be brutally honest with yourself is the greatest challenge you face when creating a business model. Too often we oversell ourselves on the quality of the idea, service, or product. We don't provide an honest assessment of how we fit in the market, why customers will buy from us, and at what price.

I love to compete. To me, business is the ultimate sport. It's always on. There is always someone trying to beat me.

Don't start a company unless it's an obsession and something you love. If you have an exit strategy, it's not an obsession.

You could be beaten down by anybody and by everybody and it doesn't matter what everybody else thinks it's how you see yourself and what your own dreams are. And, you know, anybody who started a business and build a business knows there's going to be lots of times when you feel beaten down and you need some motivation and that's when I turn to that book among others.

My first company was MicroSolutions. I worked 20 hours a day. I didn't take a vacation for 7 years. I didn't even take the time to read a fiction book. It was all about work. When I sold it, I promised myself I would never wear a watch and only wear a suit to weddings, funerals and to meet the President.

My days are straight out of the movie Groundhog Day.

It's not about money or connections. It's the willingness to outwork and outlearn everyone.