SmallBiz

Howard Stevenson

The co-author of New Business Ventures and the Entrepreneur (McGraw-Hill/Irwin), Stevenson is a professor of entrepreneurship at Harvard University and a founder of the investment firm Baupost Inc.

Key points to consider:
Entrepreneurship is like having children: It requires a moment of enthusiasm, followed by decades of hard work, in order to be successful.

Success is not about "maximization" but about balancing your work and life; this can be managed through an approach of "just enough," which will create enduring success.