Russ: This is The BusinessMakers Show, heard here and online at www.TheBusinessmakers.com. And this is that show about those that innovate and those entrepreneurs that get out there, take risks, and start companies and create taxpayers and create jobs and all that cool stuff.

John: You got that right, Russ. And not only are these people all those things that you say they are, but they cause the dynamics of the marketplace, which really gives our country a fighting chance to overcome the economy, the recession, and actually the people who are causing it, that actually happen to be living in Washington, D.C.

Russ: You bet. Those people don't know about the people that we talk about, right?

John: No, they don't. And they think they do.

Russ: Yeah. Right.

John: They think they do, because these people are objects of which tax revenue derives from.

Russ: That's right. All right, and here's our lineup for this morning. First up for the AFLAC BusinessMakers flashback we're going to revisit our interview with the founder and former CEO of Laura Mercier Cosmetics, Janet Gurwitch, the person who was in line to be the first female CEO of Neiman Marcus, but who quit, walked out, and started her own major success. And then for our featured guest segment I'm going to visit with Samantha Buchanan and Stephani Adams, founders of Throwing Copper, the organic-based airbrush tanning company. But first ...that's right, it's time for the BusinessMakers School of Business. And this is not your business as usual school.

John: No, it's not. It's actually several cuts above what they're doing out there. You know, Lord knows we've talked to a lot of these business schools and they're doing an admirable job, but because of the bureaucracy of the university systems out there, they're really not able to get into the real world, the ground-level education that needs to be done, and that's where we're – you know, we're filling that need.

Russ: That's where we come in.

John: That's where we come in.

Russ: You bet.

John: It's a shame, though, on the radio that you're only getting just a fraction of the information.

Russ: That's right.

John: So I strongly urge anyone who thinks that what we have here is of use and interesting and factual – well, we better leave the factual part out. But if you think this is useful, then you need to go to TheBusinessmakers.com.

Russ: That's right.

John: And you can get the full coursework for the week.

Russ: You bet. And we kick off the School of Business each Saturday morning with the quote of the day.

John: Quote of the day.

Russ: And today's quote comes from Ernest Benn; he's a British publisher, writer, and political publicist. You ready?

John: Yeah, go ahead.

Russ: "Politics is the art of looking for trouble, finding it, whether it exists or not, diagnosing it incorrectly, and applying the wrong remedy."

John: That's right. They're a bunch of quacks up there. I mean the government's good for some things, you know, defending the country and catch crooks and fixing the roads, and that's what they're supposed to be doing.

Russ: Yeah. That's about it, though.

John: Not ginning up a whole new bureaucracy to take over one-sixth of the nation's economy.

Russ: You bet. All right, and that brings us to This Week in Business History.

John: That's right; it brings us to Business History.

Russ: That's right.

John: Okay.

Russ: Tell us about it.

John: This week in business history in 1850 the pioneer of electromagnetism died, William Sturgeon, who was born in England in 1783. And he was an apprentice shoemaker and had begun lecturing, experimenting, testing theories and instruments that others already developed. You know, scientists already knew there was a connection between electricity and magnetism, and some experiments had already built rudimentary electronic devices that behave – how do you behave like a magnet? You either are a magnet – how about chick magnets? I wonder if he got involved in that field. But he wrapped some coiled electrical wire around a horseshoe-shaped piece of iron and created the first electromagnet capable of supporting more than its own weight.

Russ: Wow. Can you imagine what the world is like without electromagnets? And probably it's going to play a bigger role in the future as we go – maybe some of these electric cars.

John: Well, and what would the world be like without chick magnets though? Getting back to my original point, you know.

Russ: That's a good point.

John: A lot of people would not be here if it weren't for chick magnets.

Russ: That's exactly right. That's right. That's right.

John: All right. This week in business history in 1874 Winston Churchill is born.

Russ: Goodness gracious.

John: And we all know about him. You know, he had a checkered career; not everything he did was great. He was the engineer and responsible for the disastrous Dardanelles and Gallipoli campaigns of World War I, where a lot of people just died needlessly because of strategical errors.

Russ: Right.

John: This week in business history in 1902 the first V8 engine is patented. The design came from a Frenchman with a background in art. It's amazing, these inventors, the backgrounds they have really don't have anything to do in some cases with what they invent.

Russ: That's right. That's right.

John: His name was Marie Joseph Clement Levavasseur. He started work on the engine around 1900.

Russ: The V8 engine.

John: This week in business history in 1929 two powerhouses of modern music were born; Berry Gordy, the guy that started Motown Records, and one day later Dick Clark, the world's oldest teenager was born.

[Music: "Baby Love"]

[Music: "American Bandstand Theme"]

John: Okay, this week in business history in 1955 in Montgomery, Alabama Rosa Parks is jailed for refusing to give up her seat on a public bus to a white man, which is a violation of the city's racial segregation laws. It's called the Montgomery Bus Boycott; it happened as a result of that. And a young minister named Martin Luther King followed that historic act of civil disobedience.

Russ: Yep. Cool.

John: Very courageous woman. She passed away in 2005. This week in business history, 1958, Phil Spector had his song "To Know Him is To Love Him" begin three weeks at number one in the U.S. in 1958. It was a killer tune; I've got to tell you that.

[Music: "To Know Him is To Love Him"]

John: Yeah, the interesting thing about that song, it came from the words on his father's tombstone.

Russ: You're kidding? Phil Spector's dad's tombstone says, "To know him is to love him."

John: Yeah, "To know him is to love him." Yeah.

Russ: Wow, that's interesting.

John: Yeah, that's right. Okay. This week in business history in 1967 the first human heart transplant. Fifty-three-year-old Lewis Washkansky received the first human heart transplant in South Africa, in Cape Town, South Africa. He was a grocer dying from chronic heart disease and received the heart from a 25-year-old woman who was fatally injured in a car accident.

Russ: Wow.

John: He lived 18 days.

Russ: Wow, and that was Dr. Christiaan Barnard, right?

John: Christiaan Barnard. And the guy died from double pneumonia.

Russ: Double?

John: Yeah. Single pneumonia wasn't enough. He had to get the double pneumonia. Yeah. Right. This week in business history in 1969 the Beatles song "Come Together" reaches number one. That was a good tune.

[Music: "Come Together"]

John: I think all their tunes are pretty good, actually. They're very consistent.

Russ: Yeah, those guys were all right.

John: They were all right. Yeah, there's a future there, but unfortunately Yoko Ono came in and ruined everything.

Russ: Kind of messed up everything. Yeah.

John: This week in business history in 1977 Linda Ronstadt hit number one this week in business history with her Simple Dreams album. The previous week she had already had two songs from the LP in the top ten, "Blue Bayou," which is a Roy Orbison song, and "It's So Easy," originally recorded by Buddy Holly.

[Music: "It's So Easy"]

Russ: Yep.

John: Linda Ronstadt, a very talented woman.

Russ: Yes, she is.

John: She came off as this rocker, but she recorded a couple albums in Spanish, you know, some old Spanish tunes.

Russ: And doesn't she even sing opera sometimes?

John: She sings – yeah, she was in the play, Broadway show The Pirates of Penzance and did the movie version.

Russ: Yeah? Great.

John: Very versatile singer. This week in business history in 1982 a dentist becomes the first human recipient of a permanent artificial – this is heart week.

Russ: Yes it is, man.

John: This is heart – man, get your hearts-

Russ: We should've done this on Valentine's Day.

John: This is a good – if you've got heart problems, now's the time, 'cause this is a – you know, doctors have this historical memory here.

Russ: About this week.

John: About this week.

Russ: Yeah.

John: This is the first permanent artificial heart. Now all the artificial hearts before that were temporary and just keep a patient alive until a real heart would come along. This dentist lived for 112 days with a Jarvik 7. This was invented by Dr. Robert Jarvik, that now is flacking for some pharmaceutical company on TV.

Russ: Right. So permanent. So they must've buried him with the heart, since it was permanent.

John: That's right. Well, you know, they could've recycled it. And, you know, these days, going green, that probably would've been the right thing to do. I mean it's artificial, so it's mechanical.

Russ: They should be able to go get it and use it for somebody.

John: I know. I know.

Russ: It would be an honor to get that original one plugged into your chest.

John: I know. Okay, this week in business history Roy Orbison performs his last concert in Cleveland, Ohio, 1988. His last big hit was a song called "You Got It".

[Music: "You Got It"]

John: The reason why I like that song, it has a timpani. I've never heard a rock song-

Russ: What's a timpani?

John: It's a drum. It's a percussion instrument. And what differentiates it from other percussion instruments, besides the sound, is the player can change the pitch while the song is playing.

Russ: Okay.

John: This week in business history, 2001, remember that company called Enron?

Russ: I remember.

John: Enron. Yeah, well they filed Chapter 11 bankruptcy in a New York City court. Well, they say it's another trading company – we don't know what kind of company it was.

Russ: That's true, what they were trading over there.

John: Man, you know, people will believe anything.

Russ: Yeah.

John: Okay, and often do.

Russ: Yeah.

John: You know, you really can't blame a lot of people for not knowing about this, 'cause they did such a really good job for a long period of time hiding all their malfeasance, you know. And the people that were making so much money, they weren't going to stop it.

Russ: Right. Right.

John: Okay, this week in business history in 2001 the true nature of the much-hyped much-talked about invention by Dean Kamen, it was revealed to the public; it was a Segway human transporter. It was a two-wheeled vehicle people could go backwards and forwards and it had a little gyroscopic thing in there, which would prevent it from being easily tipped over.

Russ: Right.

John: I was never really impressed with it. You know, you still see people riding around in it in downtown areas, and they've got this smug, superior look, like they're really doing something for the environment, when all they're really doing is they look like idiots, you know? I mean we're all idiots, okay; but you don't have to make a big deal out of being an idiot. And, you know, being on one of those Segways-

Russ: It emphasizes it. Well, and the Segway is now eight years old, and I think back before it was launched, they thought within 12 months we'd all have one.

John: We'd all be riding around on one.

Russ: And now the health thing kind of kicked in and we're kind of supposed to walk around. All right, and does that wrap up this morning's history lesson?

John: Unfortunately, yes. I'm sorry it came down on such a down note, but that-

Russ: That's okay. You don't control that.

John: I can – I can't control anything.

Russ: There you go.

John: All right.

Russ: All right, and that brings us to Navigating Business Jargon. This is our vocabulary lesson. And the way that we do this here is that I go out and find a word and then I say the word.

John: Say the word, yes.

Russ: -and then John has to guess the meaning.

John: You never mention about when you make up the word.

Russ: I don't. Well, I just kind of find it then in my mind. That's the way that works.

John: Oh. Yeah, the deep recesses of that great intellect you have.

Russ: There you go. Absolutely.

John: Okay. All right. All right.

Russ: And this morning we're just going to use like an abbreviation.

John: An abbreviation.

Russ: A slang abbreviation-

John: Slang abbreviation.

Russ: That's used in texting, you know. And-

John: In texting.

Russ: Yeah. And I like to think that we sort of crossed the chasm between the Baby Boomers and the Millennials and-

John: Chasm? Is that – that should be the word.

Russ: Well, it could be. It could be.

John: Chasm. Yeah. Yeah.

Russ: And every once in awhile we get too far to the Baby Boomer side, sometimes we get too far to the Millennial side. Tell me what FBTW stands for. Now think texting language.

John: Friends before the-

Russ: So far you've gotten none of the words right.

John: Okay. Find bear-

Russ: No, that's not it.

John: Okay.

Russ: F-I-N-E would be okay.

John: Fine?

Russ: Yeah.

John: Fine before the war.

Russ: No. No. Fine, be that way.

John: Oh, okay.

Russ: You should know this.

John: Why should I know it?

Russ: You should know it 'cause you're going to be texting eventually with people that are much younger than you if you want to stay connected to the world.

John: Well if I'm retired by then, I don't care what they say.

John: But I'm not going to be retired anytime soon.

Russ: That would be perfect then to say "FBTW," fine, be that way. I don't give a damn what you say.

John: All right.

Russ: Okay, before we wrap up this morning's School of Business, though, it's time for that very popular PKF Texas Entrepreneurs Playbook.

John: And here he is, Greg Price.

Russ: That's right. And on the piano.

John and Russ: A one and a two and-

Greg: This is Greg Price with PKF Texas' Entrepreneur's Playbook.

In Jim Collins book Good to Great the concept of Level 5 Leadership is discussed. And while Collins can identify the traits of a Level 5 Leader, he indicated that in his research, he wasn't able to identify how to develop Level 5 Leadership within an organization. That's a pretty strong statement from a highly respected author on the subject of "Leadership".

Recently, I introduced you to some concepts of Leadership that I have come to understand as Conscious Business. Conscious Business was written by Fred Kofman who I believe has developed a framework for the development of leaders within any organization. Over the next few weeks, I will share with you some of the concepts discussed in Conscious Business that I believe can help any business owner, manager or CEO begin a program of leadership development within your organization.

Previously we have covered the concept of being a knower or a learner. Today I would like to introduce another concept of leadership that I believe is important to success in today's every changing environment. This concept is known as being "response-able". Or, otherwise being a known as "player" versus playing the "victim" to events that happen to you.

This concept is exactly as it sounds. Taking responsibility for your own behavior, irrespective of what environmental forces you face. I will leave a small tidbit with you, if you are late for a meeting because of another meeting running over, or, arriving late for a meeting because of traffic, and you didn't notify the party you are running late to meet, you have taken the role of playing the victim.

As we continue our journey through Conscious Business, I hope many of you will comment on the concepts we offer for your consideration. To read and comment on the PKF Texas' Entrepreneur's Playbook, visit my blog, fromgregshead.com. PKF Texas – The Fit That's Right!

Russ: And that wraps up this morning's school of business. Stay tuned in for the AFLAC BusinessMakers flashback, as we revisit the interview with Janet Gurwitch, founder and former CEO of Laura Mercier Cosmetics. And then for our featured guest segment, Samantha Buchanan and Stephani, founders of Throwing Copper, come in and tell a story about their organic-based airbrush tanning company. You're listening to The BusinessMakers Show, heard here and online at www.TheBusinessmakers.com.