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Explore the Entrepreneurship.org Resource Center to find resources. Designed with entrepreneurs in mind, our resource center allows you to find materials to grow great ideas.
Carving a niche in a specialty business entails listening to customers for specific needs and becoming known in the industry as an expert or insider, says the cofounder of a broker-dealer that serves credit unions.
In choosing to sell his company, the author provided potential buyers with a compelling story of future growth opportunities, profitability, and potential synergies. Above all, the author's experience suggests be patient and know what you want to achieve before you start the process.
In selecting a strategic partner for your company, do your homework first. With United Stationers as a partner, Paula Jagemann was able to grow revenues $0 to $18 million within eighteen months, deliver top customer service, and generate a high percentage of repeat customers.
It's become a classic business mantra: you learn more from your failures than from your successes. But what if that idea is all wrong? Alex Bogusky, co-chairman of Crispin Porter + Bogusky, believes it is--and recent MIT research showing that we learn more from success backs him up.
Here is an entrepreneur's guide to the steps that are necessary for doing business in emerging markets. Knowing what to avoid may be even more important as you expand.
Although some companies can thrive by pushing beyond their current strengths, it makes sense to continue to offer products and services within a company's current core competencies.
A startup energy company has received federal and state approval to install a device in the St. Clair River that will create electricity from the flow of water. Vortex Hydro Energy, which has exclusive rights to commercialize atechnology patented at the University of Michigan, will install the device in July. It will be north of the Blue Water Bridge on Dunn Paper's property at 218 Riverview St., Port Huron
Shannon Henry, former writer of The Washington Post's "The Download" column, gives advice as a journalist to entrepreneurs about working with the media to generate publicity. This includes researching the publications you're interested in and making sure to give reporters a "news hook" about your firm.
Being a graduate finance student, sometimes it's a steep challenge to look outside the fish bowl and get an opportunity to see business outside the confined bounds of dollars, cents, and financial statements. As part of the Association of Loyola Entrepreneurs, a student interest group, I decided to gain a broader perspective on starting my own business by inviting three Chicago entrepreneurs to address the future business leaders of Loyola University and give us a real world look at how they decided to take charge of their lives and became their own boss.
David Zapata of Zapwater Communications launched his own public relations and marketing firm after being worn down from working for a boss he couldn't stand. Justin Jacobson of Platinum Events scraped his way through the nightclub scene, eventually acquiring a Bar Mitzvah company and turning it around into a successful event management company serving big corporate clients. Kyle McHugh's journey took him from pushing papers at Georgetown into his very own specialty wine and spirits shop in the heart of downtown Chicago. Together, they shared their insights from the trial and tribulations that come with starting their own business and passed on their unique blend of wisdom.
The founder of a junk-removal franchiser advises seeking support and information from peers in small group networks sponsored by entrepreneurial peer organizations.
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