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.

Doing the right thing doesn't always bring success. But compromising ethics almost always leads to failure.

Business executives need to start by spelling out and communicating their values. Then they need to lead by example. This means getting rid of the bad apples and declining opportunities that bring instant wealth at the cost of selling one's soul.

The mentor-mentee relationship is ideally like that of the guru and disciple: motivated by the desire of the guru to impart knowledge to the disciple.

Most successful entrepreneurs share their knowledge as a way of giving back. They do not demand compensation. Those who do are usually trying to take advantage of you.

We live in the most amazing period in human history. We can have unlimited energy, unlimited food, provide education for everyone, clean water, all the things that have held mankind back.

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