What if I told you that the key to understanding Apple's success lies in your neighbor's kid's lemonade stand? It may sound far-fetched, but a closer look reveals surprising parallels between the business models of childhood enterprises and Fortune 500 giants. Take Sarah, a 7-year-old entrepreneur who set up a lemonade stand on her suburban […]
Category Archives: Small Business and Entrepreneurship
Teach Your Students about These Eight Side Hustles That Are Actually a Scam
Not only are we living in the age of the gig economy, we’re now officially living in the era of the side hustle. More than ever, folks with moxie are taking on after-hours challenges to supplement their day job.
But not all side hustles are created equal. Some are lucrative and exciting, and can pay for your next vacation or catapult you into a new career. Others are simply scams, designed to separate you from your money.
5 Myths about Strategy
"There are lies, there are big lies, and then there are myths. And myths are the worst of the three." "Myths present a different, subtler trap, which is what makes even smart people fall for them. They are usually based on a plausible half-truth, and they do not immediately lead you astray if you start […]
What Is a Business Model, and How Do You Pick the Right One for You?
"A business model is an outline of how a company plans to make money with its product and customer base in a specific market. At its core, it explains what product or service a company will sell, how it intends to market that product or service, what kind of expenses it will face, and how […]
Lean Innovation Management — Making Corporate Innovation Work
"In the last five years “Lean Startup” methodologies have enabled entrepreneurs to efficiently build a startup by searching for product/market fit rather than blindly trying to execute. Companies pursuing innovation can Buy, Build, Partner or use Open Innovation. But trying to find a unified theory of innovation that allows established companies to innovate internally with […]
KFC Is the Most Popular Fast Food Chain in China – Here’s How It’s Different Than in America
"Key to KFC's success in the country has been catering its menu to local tastes."
Why Entrepreneurs Start Companies Rather Than Join Them
"If you asked me why I gravitated to startups rather than work in a large company I would have answered at various times: “I want to be my own boss.” “I love risk.” “I want flexible work hours.” “I want to work on tough problems that matter.” “I have a vision and want to see […]
The 5 Biggest Mistakes Small Business Owners Make According to ‘Shark Tank’ Stars
". . . Business Insider asked [Robert] Herjavec and his "Shark Tank" costars what they believe to be the biggest challenges small businesses grapple with on the path to success."
A 29-Year-Old Startup Founder Who Built an E-commerce Empire Shares Her Advice for Entrepreneurs
"Amber Venz Box has always had an entrepreneurial spirit."
I Spoke with Nearly 150 Entrepreneurs, and the Same 3 Lessons Came Up Repeatedly
"Smart entrepreneurs are always on the hunt for ways to grow their businesses," writes Sonia Thompson (photo, left) in a piece at BusinessInsider.com. "That's one of the reasons why they'll try to pick the brains of successful business owners. They want to learn the success secrets, or the one or two magic tactics that will […]
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