MBET Formula for Success
“There are no secrets to success. It is the result of preparation, hard work, team participation and learning from failure.” (Colin Powell)
- Total contributions of most of its 370+ talented members working in 37 committees working as high performance teams, no individual can do it. As Elon Musk said: “If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportions”. As Vince Lombardi said: “The achievements of our organization are the results of the combined efforts of each individual.”
- MBET’s Culture, leadership, and company structure provides the safe, supportive, non-judgmental environment for team problem solving; think tank settings. MBET sponsors social events to develop friendships which maximize high performance teams “The main ingredient of stardom is the rest of the team.” (John Wooden) Vince Lombardi said: “confidence is contagious, so is lack of confidence”.
- Member contributions have saved MBET about 90% of its total overhead and has eliminated the need for Venture Capital or bank debt. As Tillman Fertitta said: “don’t let your business get ahead of the financial side of your business. Accounting, accounting, accounting, know your numbers.”
- Constant Universal Innovation™ – Throughout MBET’s history, Eric Lewis’ philosophy has been: “Total existing scientific knowledge is the starting platform for using imagination to create innovation to change the world.” Constant Universal Innovation™ is constantly seeking innovation at the micro and macro levels in every aspect of MBET Businesses, Products, Services, Markets, R&D, and Expansion. As Steve Jobs said, “Innovation has nothing to do with how many R&D dollars you have. It’s about the people you have, how they are led, and how much ‘they get it’.“ “A company shouldn’t get addicted to shiny because shiny doesn’t last.” (Jeff Bezos)Peter Drucker emphasizes: “the entrepreneur always searches for change, responds to it and exploits it as an opportunity.” And Thomas Edison said: “just because something doesn’t do what you planned it to do, Doesn’t mean it’s useless.”
- Constantly evaluating not only total return on investment (ROI) for all 21 MBET companies but also speed to profitability.
- MBET Management Team leaders (see Leaders Bios).