Diddy on NFTE, High School Entrepreneurs, and the Shutdown

Diddy on NFTE, High School Entrepreneurs, and the Shutdown

Photograph by Mike Pont/Getty Images Members of the 2013 National Youth Entrepreneurship Challenge Finals with donor and entrepreneur Sean ‘Diddy’ Combs (right) at The Times Center on Oct. 3 in New York (Corrects the spelling of Toheeb Okenla's last name in the second paragraph.) Can entrepreneurship be taught? Maybe a better question is: What are […]

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Why Are So Many California Businesses Changing Hands?

Why Are So Many California Businesses Changing Hands?

Photograph by Ian Stanley/Alamy This summer, Bloomberg News published research indicating that California lost 5.2 percent of its business establishments in 2012. Why were California’s businesses disappearing at the nation’s fastest rate? High taxes and over-regulation, said a torrent of commenters on a blog post from July, echoing the often-repeated theory that Golden State business […]

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What Happens After Failure on Main Street

What Happens After Failure on Main Street

Photograph by Daniel Acker/Bloomberg Heidi Ganahl was planning her first business in 1994 when her husband of two years was killed in a plane crash. Grieving and “an emotional mess,” Ganahl took the $1 million insurance settlement from the accident and used it to start two businesses over the next six years. Both her startups—an […]

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A New Report Card on the SBA’s Loan-Guarantee Programs

A New Report Card on the SBA’s Loan-Guarantee Programs

Photograph by Andrew Olney The Small Business Administration guaranteed $29.6 billion in loans through its two biggest lending programs in the year ended September 2013, the agency said this week. That includes $11.7 billion for the SBA’s 504 program, which is used to finance real estate and other major assets, and $17.9 billion for its […]

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It’s Fall. Time for Retailers to Plan for the Holidays

It’s Fall. Time for Retailers to Plan for the Holidays

Photograph by Peathegee/Gallery Stock Like their larger counterparts, small retailers are already gearing up for the holiday shopping season, which can bring in 20 percent to 40 percent of their annual sales, according to the National Retail Federation. While official holiday sales forecasts are due out soon, early estimates based on import volume at U.S. […]

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Big Data Can Make a Big Difference in Marketing

Big Data Can Make a Big Difference in Marketing

Photograph by Hill Street Studios Here’s a number you don’t hear every day: a quintillion. That’s a 1 followed by 18 zeros; a billion billion; a million trillion. As immense as a quintillion is, IBM (IBM)estimates that each day—every day—the world creates 2.5 quintillion bytes of new data. By comparison, all of the earth’s oceans […]

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The $51 Billion Wedding Industry Toasts a Post-DOMA Bump

The $51 Billion Wedding Industry Toasts a Post-DOMA Bump

Photograph by Glenna Gordon for Bloomberg.com (An earlier version of this story ran online.) On June 24, two days before the Supreme Court’s decision to strike down the Defense of Marriage Act, theknot.com (XOXO), America’s most-trafficked wedding website, released a glossy, digital gay weddings magazine. It features inspiration pictures (check out Antonio and Jason’s “regal […]

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