In this "Lessons" episode, Michael Dermer, former Wall Street lawyer turned serial entrepreneur, unpacks why passion and grit alone aren’t enough to succeed in business. He explains how entrepreneurial thinking is essential not just for startups but also for large corporations to stay competitive, and shares strategies for presenting innovative ideas effectively within bureaucratic systems. Michael also explores how perspective—shaped by pressure, passion, pleasure, and pain—impacts decision-making, and why mastering this balance leads to better choices and sustainable success.