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lesson that all young entrepreneurs must learn: Choose a
mate who understands that your drive to succeed at times
trumps satisfying their sex drive—among other things.
Distractions in the form of bad or draining relationships
have wrecked so many businesses. In fact, many ven
ture capitalists devalue a company’s worth based on the
increased risk that married cofounders present. When
choosing a mate, make sure that person is an asset, not a
liability.
Epilogue: Last time I heard, my ex isn’t doing so
well. But things have turned out pretty well for me, as it
relates to success and . . . you know. I married an awe
some woman who loves my entrepreneurial focus and
encourages me all the time.
This is a revised segment from the new book
The Entrepreneur Mind: 100 Essential Beliefs, Char
acteristics, and Habits of Elite Entrepreneurs.
Kevin D. Johnson, president of Johnson Media Inc.
and a serial entrepreneur, has several years of experi
ence leading his multimillion-dollar marketing and
communications company that now serves many of the
most notable Fortune 100 businesses. As an innova
tive leader, he has appeared on ABC’s Good Morning
America, CBS, Oprah Radio, and in The New York
Times and The Wall Street Journal. Moreover, he has
appeared on CNN frequently. He is author of the new
bestselling book The Entrepreneur Mind: 100 Essential
Beliefs, Characteristics, and Habits of Elite Entrepre
neurs (www.TheEntrepreneurMind.com). Kevin gradu
ated from Morehouse College in 2001. You can reach
him at kevin@johnsonmedia.com.
WHAT DOES THE
SEQUESTER MEAN FOR
COLLEGE STUDENTS?
Sequoia Clay
Staff Writer
sclay 2 @ scmai 1 .spelman .edu
As you may know, talk of the fiscal cliff
has been going on since the end of last year. Once
the first deadline on January 1,2013 passed,
things seemed to be looking better, with only
small cuts in payroll. Well, unfortunately, the se
quester’s deadline of March 1,2013 has passed,
and congress still has not been able to reach an
agreement.
What does this mean? The failure means
$85 billion worth of spending cuts. This budget is
going to affect a lot of jobs especially in defense
and Obama’s proposals to reform immigration,
tighten gun laws and raise the minimum wage
will have to be placed on the back burner. Bottom
line many people will be affected, and us college
students will experience some spending cuts as
well.
According to Bill Wells, director of Finan
cial Aid, 8.2 percent spending cuts will come into
effect, as well as a possible end to the Pell Grant
Program. This will also affect work study and
general college work opportunities for students.
Wells noted that federal student loans are also in
danger. Families could expect a rise in interest
rates and a decrease in coverage of college costs.
This is not going to be until 2014, however it will
be wise to begin preparing for these cuts as it will
place financial burden to those who need aid.
Congress established the Basic Educa
tional Opportunity Grant Program, later renamed
the Pell Grant program in 1980 after Senator
Claiborne Pell. (New America Foundation) New
America Foundation also projected, “In the cur
rent fiscal year 2012, the Pell Grant program will
provide some 9 million students with aid at a cost
of $36 billion.” The source touched on the fact
that the program gets the largest share of the fed
eral education budget out of all similar programs.
On the topic of interest rates, one must
recognize that a key function of the capitalistic
American society has been maintaining a strong
borrowing system, which helps create more
money circulation in the overall economy. When
interest rates rise, households borrow less, and
when interest rates plunge, they are often im
plored to spend and borrow more. Rising interest
rates not only pose a threat to colleges as Ameri
can institutions, but also to the economic recov
ery that has been gaining headwind in recent
months.
With this information, start preparing now.
Apply to as many scholarships as possible keep
ing in mind that the pool of money is getting
smaller the longer you wait. Also, if you plan on
taking out any loans make sure you do it soon,
especially for parents to avoid higher interest
rates. May this information pertain to your situ
ation; I hope it is of much use to you for your
future. For any further information on specific
financial advising contact your school’s financial
advisor.
Google is great at software but not hardware.
Samsung is great at hardware but not software.
Apple is great at Hardware, software and has
the retail arm to support them. Apple can ex
ploit this strength to compete more and gain the
trust of investors. The ball is in Apple’s court.
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Recycle The Maroon Tiger
MARCH 29-APRIL 3, 2013