From a commencement address the Kauffman Foundation's president and CEO, Benno Schimdt, delivered two weeks ago (copy released today), an amusing quip:
Chris Whittle and I were once criticized by our Board for having no strategy beyond survival. Chris had a great response: “First of all, I’m not sure survival is such a bad plan.…”
The speech is entitled "Benno's Bromides" and I had to confess I had to search for a definition. It contains some other pieces of advice recent college graduates and young entrepreneurs might find useful.