Wealthy Bag Lady Blog

Ideas in the Shower?

I get some of my best ideas in the shower. The Women's Small Business Expo was one of those ideas. In fact, I often find myself blow-drying my hair quickly, so that I can run to the computer and research my new inspiration.

Here are some common ways to create your light bulb moments:

• While you're falling asleep at night
• While your dreaming
• When you wake up in the morning
• While you're meditating
• Exercising
• Commuting from one place to another
• Listening to music, radio or watching television
• While reading or surfing the Internet
• Brainstorming with other people

Remember that Abraham Lincoln wrote the Gettysburg Address on the back of an envelope while he was riding the train. Walt Disney created Mickey Mouse after he saw a mouse when he was on a train. Apparently trains are fertile places for great ideas.

Where do you get your business ideas?

Please let me know.

Should Michael Phelps Lose His Sponsorship Deal with Kellogg’s?

Kellogg’s cereal will not renew its sponsorship deal with Olympic champion Michael Phelps because he inhaled from a marijuana pipe.

 

The 23-year-old swimming star has apologized for his "regrettable" behavior and "bad judgment" after a photo appeared on Sunday in the British tabloid News of the World that showed Phelps with a marijuana pipe during a November party at the University of South Carolina..

 

Most of his major sponsors, such as Visa Inc., Speedo, luxury Swiss watchmaker Omega and sports beverage PureSport's maker Human Performance Labs, stood by the athlete following the news, even if they didn't condone his behavior.

 

Kellogg’s placed Phelps’s image on boxes of Kellogg's Frosted Flakes and Corn Flakes. But the Michigan-based cereal maker said Phelps' behavior was "not consistent with the image of Kellogg’s."

Give Him a Break

 

I think Kellogg’s should give Michael Phelps a break. I don’t know how most of us would react if we were 23 years old with so many temptations in front of us all the time. Michael Phelps did get knocked off his hero pedestal and he did something stupid, but he has apologized for it.

Do you think Kellogg's shoud pull their sponsorship deal from Michael Phelps?

Please let me know your comments.