Sometimes the best properties aren't necessarily the biggest properties.

Companies fail for lack of brains and effort.

Sports, music, movies - basically, fans of any form of entertainment don't do a resume analysis before picking their favorite.

Recessions are the best time to start a company. Companies fail. Others hold back capital. If you are willing to do the preparation and work, it is the best time to invest in yourself and start a business.

The same applies to the music and film industries. Until the heads of the labels start wanting to make money rather than creating controversy, tension, and excuses about why piracy is making the job so hard that no one could do it but them - and oh by the way, they need a raise to really focus in on the fight - the music industry is going to have a very tough time of it.

I never look at the glass as half empty or half full. I look to see who is pouring the water and deal with them.

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.