Outsourcing was the bogeyman of the 90s. Protectionists portrayed it as an evil that would take American jobs away. Yes, some jobs did go offshore as people feared, but it made the global economic pie grow bigger.

The truth is that entrepreneurship is more like a roller coaster ride than a cruise.

A key to achieving success is to assemble a strong and stable management team.

No matter how well things are going, failure and disaster are just around the corner. So celebrate the good, but be ready for the bad.

The most important skill of the future will be the ability to learn and adapt. You need to be resourceful, keep your eyes open for advances coming out of nowhere, and embrace the new opportunities as they emerge. You need to be able to collaborate with others and build relationships. You need to be able to share ideas, inspire, and motivate.

Corporate executives and business owners need to realize that there can be no compromise when it comes to ethics and that there are no easy shortcuts to success. Their companies need ethics carefully sewn into their fabric.

The goal should be to build a sustainable lifestyle business that does good for employees and customers - and that steadily builds wealth.