Business in Action, 9th Ed.
Chapter 6: Entrepreneurship and Small-Business Ownership
A website offered by BlackEnterprise.
Bill Reichert, Managing Director of Garage Technology Ventures, reports.
"You have to spend money to make money.
"What do Silicon Valley and Stockholm have in common?
"When friends heard that James Higgins, 31, his wife, Trish, 29, and his brother Palmer, 27, left their traditional jobs in finance and sold their charming Greenwich, Conn.
Philip Levinson (photo, left) reports at BusinessInsider.
"Slow and steady wins the race is infrequent advice in Silicon Valley.
"Founders blame investors, investors blame CEOs, CEOs blame research and development (R&D), R&D say the product is fine, the market just doesn't get it, and marketing people blame it all on the recession," writes Triin Linamagi (photo, left) in a piece featured at FastCompany.
From Harland Sanders to Martha Stewart, Bill Murphy, Jr.
“I have seen many successful people fail after they start fearing they might lose what they have built.
"Our company, which offers content and video materials for small businesses, is in its third year of operation.
"Anastasia Martin,* a 24-year-old social media manager for a New York City college, will never forget the moment she realized that she was underpaid," writes Molly Triffin.
"It has never been cheaper to open a Papa John's restaurant," reports Hayley Peterson (photo, left).
According to Jon Parrish, "I now live by the rule of “Goo-diligence.
"I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time.
"Adversity is a constant companion for entrepreneurs, but learning to push through tough times is a lesson sometimes harshly taught.
"The year was 1978, and young besties Ben Cohen and Jerry Greenfield decided they wanted to start a company.
"From billionaire Mark Cuban's dad telling him that there are no shortcuts to Lululemon founder Chip Wilson's realization that people actually enjoy helping others, we asked 15 successful entrepreneurs to share the best advice they ever got, discovering the lessons that stick with them to this day.
Take a look at the videos.
Maggie Zhang, editorial intern at BusinessInsider.
"Recently, the Young Entrepreneur Council (YEC) contacted top business leaders to ask the question, 'What’s the worst business advice somebody gave you when you were starting your business (and how did you prove them wrong)?
"Following is my list of 12 stupid startup stumbles.
According to Dan Waldschmidt (photo, left), "Sometimes your best effort isn’t good enough to land you the deal.
According to Jillian Berman, "The world many of us knew as teenagers is over: It’s no longer cool to hang out at the mall and grab a slice of pizza.