Michael Bloomberg worked as an investment banker and got fired shortly after getting a promotion because his bank was acquired.

Instead of taking another investment bank job, he used his $10 million severance pa...

• Producers blend new opportunities within an old mode.
• Having a blockbuster idea requires real immersion in a subject, real willingness to come up with many ideas, and the ability to suspend judgment of ideas that may seem odd or out there.
• Blockbuster ideas begin with empathy...

A producer usually has a the big picture in really great control, but thus can’t fully concentrate on the single aspects that can sometimes make or break a business, such as product manufacturing, accounting, marketing or HR – that’s why producers have to partner with the right performers at the ...

Want to know if you’ve got what it takes to be a billionaire? Take a look at these 3 lessons and see how you stack up:

• Billionaires are multitaskers.
• Risk is relative.
• Producers must partner with performers.

• Ideas – Empathetic Imagination: See the big picture. Come up with and explore new ideas.
• Perspective – Patient Urgency: When bringing product to market, they’re able to work at multiple speeds and time frames, poised to seize opportunities.

The fine line between too risky and not promising enough is hard to strike, but billionaires obviously excel at it. What allows them to only take the exact risks they need to take, and not more?

It’s not that billionaires take more risks than the average entrepreneur – they roughly take the...

Billionaires are extremely good at juggling multiple ideas, all the time.

These are people with a clear vision, innovative ideas and the skills to bring the resources together, that’ll make them a reality. That makes them different from performers who are highly specialized, and usually ver...