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When entrepreneurs sign up strategic partners, the primary focus often is on development and sales of products or services. For their protection, however, entrepreneurs also need to focus on crafting a proper legal framework in the event the partnership needs to be terminated.
Fifty-three billion smackers. That's how much telecom tycoon Carlos Slim Helu, the wealthiest human on the planet, is worth by Forbes' latest exhaustive count. (Actually, the tally was $53.5 billion--when you're dealing in 10 digits, every decimal place counts.)
Those kinds of numbers can't help but make you think: What exactly does it take to amass that kind of wealth? More important, do you have it?
Perhaps no other country celebrates innovation the way America does.
This passion for inventions started early in our history. Did you know that George Washington signed the First U.S. Patent Grant on July 31, 1790, and the patent examiner was none other than Thomas Jefferson? (Thank you, Google (GOOG)!) In America, we're reminded of the life-changing power of inventiveness every day. Some of the greatest inventors of yesterday spawned the greatest brands of today. What do the names Chrysler, Coleman, Goodyear (GT), Campbell (CPB), Colt, and Edison mean to you? Cars, tents, tires, soup, guns, and the electric lightbulb, of course.
America finds itself confronting a host of problems - from environmental crises to reform on Wall Street, Congress has no shortage of pressing issues to tackle.
Michael Gallegos has always believed in giving back, but he only recently discovered the importance of giving back to entrepreneurship.
First-year undergrads at Babson College in Wellesley, Mass. have come up with 16 new businesses as part of a management and entrepreneurship course. Each team was made up of approximately 30 students and the businesses vary from imitation sunglasses to wireless mice with 1GB USB storage to an accessory locating gadget.
The class, Foundations of Management and Entrepreneurship is a seven-credit, year-long focus on the world of business where student teams invent, develop, launch, manage and liquidate a business. Students study entrepreneurship, marketing, accounting, organizational behavior, information systems and operations. Babson provides up to $3,000 as startup money for these student endeavors and the businesses will run throughout the spring semester. Any profits are donated to a local community service agency of the team’s choice.
Valuation may be done for a wide range of reasons and is not an exact science, whatever method you use. To understand how a company's fair market value is reached, start here.
Operating under a mandate to prepare for the worst in order to achieve the best, the author, an African-American woman entrepreneur in the male-dominated metals industry, writes that preparation has been critical to facing the challenges presented by the economic difficulties and post-terrorist environment of this difficult year 2001.
The entrepreneur recounts how his firm went from being one of 50 tactical suppliers for a large firm to joining its exclusive club of strategic partners. The key: first understand these large firms' challenges and deliver solutions that would transform their businesses.
They said they would increase credit to small businesses in 2010. Here's a look at how some of the biggest fared in the first quarter.
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