← 5 Mistakes Millionaire Entrepreneurs Make

money-down-the-toilet

By Anslem Samuel | Published January 13, 2011 | Full size is 366 × 319 pixels

Failing to see new opportunities: Jordan points out that most of the entrepreneurs he highlights in his book were doing things that a lot of people could have or should have seen but simply overlooked. “It wasn’t so much the intellectual property was to the degree that there would be no competition,"he says, "but they looked at things in a different way.” His example: Jim Dolan bought a legal newspaper and found out the main reason people read it was for the foreclosure notices. That led to the creation of a real-time national service where a credit card company could find out almost instantly if someone was going to declare bankruptcy could immediately cut off their credit cards to avoid being ripped off. “That asset was already sitting there and he looked at it differently.”

Failing to see new opportunities: Jordan points out that most of the entrepreneurs he highlights…