Archive by category Advice

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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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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Shedding Light on Unconventional Funding Paths

Shedding Light on Unconventional Funding Paths

Photograph by PIER/Getty Images Aspiring entrepreneurs often hope to convince wealthy individuals to buy stakes in their nascent ventures. With angel investors putting $9.2 billion in U.S. companies during the first half of 2012—up 3.1 percent over the same time period last year, according to a study (PDF) by The Center for Venture Research at […]

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Reality TV Casts Main Street as Its New Star

Reality TV Casts Main Street as Its New Star

Photograph courtesy A and E Television Network Willie of “Duck Dynasty,” a show about the homegrown business Duck Commander, which makes duck calls and decoys out of salvaged swamp wood Beautiful, blonde Lynnae Schneller, 29, started her Tacoma (Wash.) gourmet pickle business two years ago after a career in sales management and running a staffing […]

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How to Hire: Seven Questions for Mort Mandel

How to Hire: Seven Questions for Mort Mandel

Photograph by Nannette Bedway Famed management consultant Peter Drucker once said that the three chief executives he admired most were General Electric’s (GE) Jack Welch, Intel’s (INTC) Andy Grove, and Mort Mandel. Mort who? In 1940, Mandel and his two brothers bought their uncle’s auto supply business in Cleveland for $900—and 56 years later, they […]

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Help for American Indian Entrepreneurs

Help for American Indian Entrepreneurs

Photograph by Jetta/Getty Images Question: My husband and I want to start a small business out of our home in Washington State. We are both Native Americans from Montana. Where can we get help and advice? Answer: There is general help for entrepreneurs provided through the U.S. Small Business Administration. For American Indians, Native Alaskans, […]

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Ask a Billionaire: GoPro’s Nick Woodman on His Business Idol

Ask a Billionaire: GoPro’s Nick Woodman on His Business Idol

Photograph by Mathew Scott for Bloomberg Businessweek Nick WoodmanChief executive officer, GoProNet worth: $1.73 billion Who’s your business idol?—@twizamitter Dietrich Mateschitz, the founder and CEO of Red Bull. What he and his team have done with Red Bull has been totally inspiring to me and has had a huge influence on GoPro. I mean, you […]

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