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Last Update: Thursday July 29, 2021

The best foundations for people — ethics - democracy - capitalism — are also the best foundations for business. It takes all three.

How do I manage cash flow?

Answer: If you can do it, collect up front. Ping clubs are sold by golf professionals (pictured) who measure the customer, enter the order, and collect the full amount when that order is placed.

Phoenix: Innovators, by their very nature, are constantly going up against existing systems. The establishment. Sometimes their insights do not come by small increments, but by large leaps and then these renegades become outlaws!

If you are a golfer, you know Ping. It ranks at the top with Titleist, Spaulding, Calloway, Taylor-made-Adidas. Yet, this business is still privately-held; and though the patriarch (and father) has died, his son, John, continues to build on all the lessons he learned as his engineering apprentice when they started this business.

Meet the Solheim family. Like so many who redefine an entire industry, they were outlawed within it. They broke the rules. They created something totally new. Some people thought they were just crazy, until they began winning within their game. These renegades persevered. They negotiated, and today they are leaders.   They began in a California garage in 1959. Here the sound of success is "Ping" and today John Solheim continues a tradition that began with with his father, Karsten. This business constantly strives for a higher perfection.

Go to all the key ideas and video of the episode...

Unless you have actually started your own business... it is hard to grasp how difficult and lonely it can be.  In the USA, it is called  "the American dream."  More...

Know The American Revolution

2:33 | Play Now   Michael Novak explains that Americans tend to be doers rather than deep thinkers and prolific writers.  With a preference for action, business owners are misunderstood.  Homepage    America's first charter

See Ownership As Your Calling

2:01 | Play Now   Michael Novak says that Christians and Jews believe it is their duty to improve the human condition.  Here is Albert Black of On Target Supplies, to explain.  Close-up

Work Long Hours

2:21 | Play Now   Running a business in not for wimps.   Michael Novak says that capitalism depends upon people who work hard.
Key question: Do you have the motivation?   Close-up

Build Your Business As A Three-Legged Stool

1:59 | Play Now     Hattie distills an eight-hour interview to two minutes. Capitalism is based upon private ownership of property and businesses, the rule of law, and the moral habits of people.


Invent The Future - Study These Presidents

2:14 | Play Now   Capitalism is organized around the mind.  In the American version of capitalism, wealth springs from new ideas, from discovery and invention.    More on Innovation...

Be All You Can Be

1:41 | Play Now  Michael Novak says small business is the most important institution in a civil society because owners must develop themselves and become the best that they can be.  Continuous improvement, even moments of perfection.  Are there foundations of these foundations?

Every video has aired on most PBS stations throughout the USA!

The show has also aired around the world through the Voice of America!  All on-location insights from small business owners selected by their communityLearn about the power of business and how values motivate them.   More...

Keys:    $$$   Children   Democracy   Dreams   Genius?     Patriotism   US$
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