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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?
Franchise Direct has released the first ever list of the Top 100 Global Franchises, which was compiled after analyzing thousands of franchises.
Founding an Internet company was a logical step for this college-educated rap fan with cable-industry marketing experience. He's a man with a mission: equipping minority communities with computer technology and online access so they can participate fully in the new economy. Commercial and community partnerships enable him to grow the business and carry the message.
Geoff Davis figured out a way to dedicate his life to entrepreneurship and improving the lives of billions of people around the world-all in the same job. The strategy of his nonprofit is to accelerate the growth of high-potential emerging microfinance institutions through capital investments and capacity-building consulting.
"Learning to improve your negotiating skills is the highest and best use of your time," says Roger Dawson, a topic expert on negotiations. Dawson provides a series of strategies that entrepreneurs can use to improve their negotiating skills.
Leveraging your advisors and directors is a lot like managing your customers: Accurate information and clear communication are key to a good relationship. Recruiting knowledgeable executives from established, prestigious companies is a good way to gain experience and credibility-but for this serial start-up founder, it's even more important to ask them the right questions and pay attention to their suggestions.
Before you can create a winning brand strategy, you've got to have a winning product or service to promote.
Startup CEOs wear many hats. None, perhaps, is more important than that of "company pitchman."
After the recent "48 Hour Launch" weekend that drew more than five dozen participants, eight new companies now dot the city's small-business landscape.
The third annual event, sponsored by LaunchMemphis, replaced the organization's former Startup Weekend program. Interest in the program easily surpassed previous incarnations, leaders said, and the number of viable companies was nearly triple that of last year.
A cutting-edge biotech company using transgenic mice to produce treatments for life-threatening diseases can spend years working hard toward a sensible business goal before seeing real profits. Still, when its stock soars 4000 percent in one year, investors sit up and take notice. Under the circumstances, a strategic plan and statistical models go a long way toward keeping the real value of the business in perspective.
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