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Burns is now an MBA student at the University of Pennsylvania's Wharton School. But on Sunday, he'll be in Los Angeles along with his sister and his mother, Mary Ann Burns of Plano,Michael Kors, for the 86th annual Academy Awards ceremony.

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#2) Make a Mantra - A company's mantra shouldn't consist of a superfluous mission statement, as these are often too long and not memorable or indicative of where an innovator's focus lies. Instead, come up with two or three words that simply explain why you exist. For example:

"A lot of people are saying he's the best player now in college basketball," Smart said of Wiggins during the Big 12's annual media day Tuesday. "All I'm saying is how can you be the best player in something you haven't even played yet?"