Category Archives: Entrepreneurship and Small-Business Ownership

Most millionaires are self-made millionaires, but becoming one is something that still seems out of reach for most people. In many cases, we dismiss the idea of building a million-dollar business because, well, you need a lot of money for that, right? You've got to spend money to make money, don't you? As it turns […]

Why do some startups succeed and others fail? Paul Gompers, Anna Kovner, Josh Lerner and David Scharfstein put together a Harvard Business School working paper to answer that question . . . Via www.businessinsider.com

McDonald's Hamburger University is called the Harvard of the fast food industry. In fact in China, the school's one percent acceptance rate leaves Harvard in the dust. Today Hamburger University has campuses in Oak Brook, Ill., Tokyo, London, Sydney, Munich, São Paulo and Shanghai. More than 275,000 franchise owners and managers have completed the intense […]

An infographic of the best and worst states for opening a new business based on tax rates, electric utility costs, and the minimum wage. Via www.toolkit.com

Visit Crain's Chicago Business for profile on Gtrot. Gtrot has transformed from an award-winning class project at Harvard into a Lightbank-funded Chicago startup, harnessing the power of . . . Via www.chicagobusiness.com

As young entrepreneurs it’s important that we keep swinging for the fences. Super successful investors like Ron Conway say they’d rather invest in an 18 year old Mark Zuckerberg than a 31 year old seasoned entrepreneur because the young Sean Parker types truly think the sky is the limit. At Under30CEO we’re going to carry […]

For some small businesses, getting in the black presents a bigger challenge than for others…. Via www.infographicsarchive.com

It’s been nearly seven years since I posted Top 10 Business Plan Mistakes on this site. Looking back and reading the post again today, I think the list holds up very well. Still, I can’t resist making a few changes. So here is my revised version for 2012, incorporating what I wrote back then that […]

In 2010, women became the majority of the U.S. workforce for the first time in the country’s history. . . . Women are advancing in entrepreneurship as well. An American Express OPEN State of Women-Owned Businesses report found that between 1997 and 2011, the number of businesses in the U.S. increased by 34%, but the […]

Choosing a name may not seem like the biggest challenge your company faces, but the right name can influence buyers and become a staple of your company's entire image. Via www.webs.com