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

Innovating Women is more important today than ever. Things are changing for the better. The recent announcements by Google, LinkedIn, Yahoo, and Facebook of their diversity numbers—and a pledge to improve these—are the most recent victories. The Boys Club is under fire and is trying to reform itself. Women are achieving success and helping each other. Advancing technologies are leveling the playing field. Women are in the catbird seat for the new era of exponential innovation. This is the time to inspire and motivate—and that is what Innovating Women will surely do.

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.

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

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.

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