Being a Smart Business Owner Isn’t Enough

How smart do you need to be in order to be a business owner? In their book The Smartest Guys in the Room, Bethany McLean and Peter Elkind tell a fascinating story about how a bunch of smart people were not able to figure out how to keep their house of cards from toppling.  Sure, they were smart, but being smart just isn’t enough for a business owner.
In fact, most business owners are not the smartest people in the room.  A study by Northwestern Mutual Life Insurance Company involving more than 5,000 entrepreneurs showed that they were generally not the …read more