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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
Some people are born rich, but it is the self-made billionaires who inspire people more than anybody else. While most entrepreneurs won’t end up in the 10-digit club, there are lessons to be taken from these elites.
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.
With pink-slip taxes increasing, more small-business owners may be motivated to appeal claims for unemployment benefits filed by former employees who quit or were fired for cause—but such appeals can sometimes backfire.
U.S. employers are required to make regular tax contributions toward unemployment insurance. They're taxed at a rate that varies by state and the size of their payroll. That rate can increase as a business lays off more employees.
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.
One of George Bush's most memorable lines was his complaint that the French had no word for "entrepreneur". Well, if Senator Dodd's new financial reform bill becomes law, we may well have the word, but no longer any need for it.
The Goldman Sachs Foundation recently invited me to share some thoughts about leadership with a group of Chinese university students who had been named Goldman Sachs Young Leaders. As I prepared my remarks, I thought about the bosses, coaches, teachers and other people who had most inspired me in my life. Did they have common personality traits that made them great leaders? I thought about billionaires like Sergey Brin and Larry Page, the founders of Google, and Steve Jobs of Apple. Can we learn from them? Are they good leaders?
Richard Brauman always loved caviar. But for many years the former Federal Reserve employee found that, no matter how much he was willing to pay for quality, the goods often had a stale, fishy taste. He blamed it on the traditional practices of companies in caviar-producing countries like Russia and Iran, where fish eggs are harvested infrequently and may be heavily preserved with salt and borax.
President Obama bet his legacy and the nation on the creativity, energy and drive of the American people. His entire persona is that of a man bent on creating a better future, placing the long and short bets that will insure the US remains the most vital and creative nation in the history of the world. His faith in American ingenuity and the abilities of the people to innovate and create fill every speech he makes. In particular four areas are the focus of his belief that Americans can lead the world into a brighter tomorrow; clean energy, communications, medicinal technology and space development.
Be it encouraging the development of a US clean energy industry, supporting our amazing internet and communications entrepreneurs, developing new ways to save lives and make Americans healthier at lower cost, or catalyzing a vital new commercial space industry to follow in NASA's footsteps and open the frontier to the people, in each of these areas the president is pursuing initiatives that are transformative.
While the rules of poker are simple and the game itself is quite accessible, success typically requires more skill than luck. There’s a wisdom there that we can take from the game and apply to the startup life.
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