Monday, February 15, 2010

Best Entrepreneurial Quotes, Week 2

Bob Young is the Canadian co-founder of Red Hat Inc., the open-source pioneer that helped break Microsoft's grip on the software industry.

He gave up his role as CEO in 1999 and the title of chairman in 2002. In 2005 he stepped down as a director of Red Hat because he thought he could no longer contribute sufficiently to the operations of the company.

Instead, he went to work full-time on Lulu.com, a personal publishing service that he knew would take time to grow and succeed. Here's how he justified his decision and in doing so, explained his M.O. as an entrepreneur:

"I don't do today or next month well. I do five years from now well."

As an entrepreneur, you must know what you're good at.

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