Business

Meet the Secretary of Commerce

Meet the Secretary of Commerce

Published by OZY

“Disappointing.” “Stutters.” “Paler.” They’re not exactly words the U.S. secretary of commerce wants to see bolded about the economy in news headlines. Which may be why Penny Pritzker prefers to focus on what’s coming around the corner. That way, the swift talker can hope for the best — and also plan for the worst. Since her swearing in less than two years ago, Pritzker has used her nearly three decades of private-sector experience to tackle issues facing businesses and entrepreneurs —...

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Inside a Shark Tank — of Sorts

Inside a Shark Tank — of Sorts

Published by Inc.com

It's just minutes before the inaugural Beauty Pitch event is about to start and Mark Cuban and John Paul DeJoria are backstage, deep in conversation -- about hotdogs. Turns out Cuban, the outspoken Dallas Mavericks owner and Shark Tank investor, is schooling DeJoria, a former guest judge on the show and co-founder of both Patron Spirits and John Paul Mitchell Systems, on a quick and easy way to nuke a dog in the microwave (by simply wrapping it in a paper napkin). But it's all business...

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How to Survive Being an Overnight Success

How to Survive Being an Overnight Success

Published by The Wall Street Journal

It seems like a dream scenario for a startup: Sales surge, and business takes off. But then what? Any number of things can turn a small business into a rapid success—from a TV appearance to great connections at a trade show to a viral online video—but sustaining that success forces an entrepreneur to make tough choices. For instance: Should the company immediately ramp up production and risk lowering product quality? Bring in more workers to help an overstressed staff, and risk destroying...

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Top Company from the Global 100 Most Sustainable Corporations

Top Company from the Global 100 Most Sustainable Corporations

Published by Corporate Knights: The Magazine for Clean Capitalism

Few companies over the past decade have nabbed first place on Corpo­rate Knights‘ annual Global 100 ranking. Biogen Idec almost got there in 2014 when it ranked second, but this year its continued efforts to become a more sustainable com­pany pushed it to the top. Even so, Biogen chief executive George Scangos isn’t resting on those laurels in 2015. “What we need to do is take a look at where we are and see how can we do sus­tainability better than that five years from now, and five...

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Got a Great Business Idea? Pitch It to a Website

Got a Great Business Idea? Pitch It to a Website

Published by The Wall Street Journal

Ideas are the lifeblood of an entrepreneur. Now a host of websites aim to give dreamers new ways to develop their ideas—and possibly turn a profit on them. One variety of site lets people with marketable ideas get a shot at having them critiqued by experts or other users, and perhaps even have the ideas developed. Another type of site hosts contests that offer prizes for cooking up innovative solutions to big problems facing corporations and other organizations. A newer variety of site lets...

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Where Do Athletes Go to Retire? Franchises

Where Do Athletes Go to Retire? Franchises

Published by The Wall Street Journal

They’ve won trophies and championship rings. They’ve been feted by the press and the public. They’ve got millions in the bank. And now they’re prime candidates for franchise ownership. Click here to read the rest of this article. – Neil Parmar Published in The Wall Street Journal ...

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Crowdfunding Is Opening Investment Doors

Crowdfunding Is Opening Investment Doors

Published by The Wall Street Journal

Many investors wait to hear from their broker, banker or another in-the-know professional to find out about compelling but little-known investment opportunities. But these days, a growing number of investors are finding them on their own, thanks to crowdfunding sites that help investors identify off-the-beaten-path possibilities, including equity stakes in companies, film productions and real-estate projects. Many of these sites focus on a certain sector. For instance, CrowdStreet Inc., Sharestates...

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8 Lessons for Entrepreneurs–From Shark Tank’s Biggest Hit

8 Lessons for Entrepreneurs–From Shark Tank’s Biggest Hit

Published by Inc.com

Who knew a bright yellow sponge, with holes big enough to fit a person's fingers, would become the biggest success story in Shark Tank history? Certainly not Aaron Krause. But Lori Greiner--the inventor, investor, and queen of QVC--had her suspicions when Krause pitched his product to her on Shark Tank. "What makes it so successful is it's a very unique sponge," Greiner tells me. "Unique is very appealing, so having a unique presence is a good thing--if it's a good product." Together, Krause,...

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Gene Simmons to Entrepreneurs: ‘Unleash Your Inner Rock God’

Gene Simmons to Entrepreneurs: ‘Unleash Your Inner Rock God’

Published by Inc.com

Best known as the bass guitarist behind the legendary rock band Kiss, and more recently for his family's reality TV series, Gene Simmons is also an entrepreneur who owns a record label, a sports team, and a restaurant chain. Now he wants to teach you how to "build an army of one, unleash your inner rock god [and] win in life and business." So reads the subtitle of his new book, Me, Inc., a plainspoken riff on Sun Tzu's The Art of War with 13 principles that Simmons dubs "the art of more."...

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You Have a Great Idea. Now What Do You Do?

You Have a Great Idea. Now What Do You Do?

Published by The Wall Street Journal

Want to know a couple of secrets? You don't have to be an entrepreneur to have a great idea for a business. And you don't need to start a business to profit from a great idea. Inspiration can strike anybody—it happens all the time. Someone is struggling with a chore around the house and thinks of a gadget that would be a big help. Or maybe they're rooting around for obscure information online and realize an app could automate the job. The next step is launching a startup, right? Not...

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Trash to Treasure: Hidden Business Opportunities

Trash to Treasure: Hidden Business Opportunities

Published by Entrepreneur.com

Where some see the misshapen, the blemished or the unfinished, savvy entrepreneurs sense opportunity. It isn't easy, but some have created successful brands by repurposing imperfect products or services. Some have even carved out a sideline business with misshapen manufactured goods instead of ditching them with a piece of their profit margin. Here are four businesses that can help inspire you to rethink where your next revenues could come from... Click here to read the rest of this article. -...

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Franchises Study Buyers’ Personal Lives

Franchises Study Buyers’ Personal Lives

Published by The Wall Street Journal

Franchisers have always taken a close look at buyers' finances. Now they're peering deeper into their personal lives, too. Many chains are using tools like online personality assessments to get a picture of what these aspiring franchisees are like and how strong they'd be as owners. They're scrutinizing candidates' social-media presence to see what kinds of things they post. And they're putting them through digital tutorials that teach them about the company—while quizzing them along the way. Fun...

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Crafty Ways Restaurants Cut Costs

Crafty Ways Restaurants Cut Costs

Published by SmartMoney Magazine and republished by The Wall Street Journal

DENVER// When it comes to dining out, Kevin Moll is the kind of frugal patron restaurant owners would love to see more of. The father of two from Denver always passes on the cream and sugar. He never pours a blob of ketchup next to his fries. Even better, after enjoying a plate of barbecued ribs, he usually prefers to wipe his saucy fingers with a cloth napkin, since the cleanup job would require at least three of the paper variety. And don't even get him started on carbonated beverages. This is...

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New Zealand shows starting a business can be pain free

New Zealand shows starting a business can be pain free

Published by The National

WELLINGTON// Shae Moleta was born into a long line of sheep farmers. But his appetite for all things culinary, which led him to open a restaurant five years ago, is feeding into the growing number of small and medium-sized businesses based in New Zealand. In Wellington, where his quaint restaurant Ambeli sits in a converted house that is more than a century old, Mr Moleta is competing in a fierce market where there are more eateries and cafes per capita than New York City. Yet his high-quality...

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Arabs caught in unrest struggle to be hired in UAE

Arabs caught in unrest struggle to be hired in UAE

Published by The National

ABU DHABI// Employers across the UAE are struggling to hire workers from nearby Arab countries that have been rocked by unrest amid tougher security checks. More scrutiny is being applied to security checks, which means clearance can take twice the normal time, say employers and recruiters. Applications are being rejected flat-out in some cases, particularly for citizens of countries that saw major turmoil such as Egypt, Tunisia and Syria. ... Click here to read the rest of this article. -Neil...

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