Every now and then I love to invest in a company that may not set the world on fire, but has the chance to establish itself, create jobs and have a positive impact.

One problem people have is that they lie to themselves. Rarely is talent enough. You have to find ways to make yourself standout. You do so by playing to your strengths and making people aware of those strengths.

One thing I learned in the NBA is that the No. 1 job of a general manager is to keep his job. They are only 30 positions where you make millions and hang around with basketball players all day.

Every now and then I love to invest in a company that may not set the world on fire, but has the chance to establish itself, create jobs and have a positive impact.

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.

A sure sign of failure for a startup is when someone sends me logo-embroidered polo shirts. If your people are at shows and in public, it's okay to buy for your own employees, but if you really think people are going to wear your branded polo when they're out and about, you are mistaken and have no idea how to spend your money.

Communicate with your fans or customers. They know we live in an ever changing world. If you tell them what you are thinking and why you are doing what you do, as I did with my blog regarding Nash leaving, they will respect and support you more.