Depending on what data you chose to quote, something like 9 out of 10 businesses started fail within 5 years. I’m sure there are myriad reasons for those failures. Of interest to me are the ones that survive and how they fare beyond survival. Some businesses are decidedly “lifestyle” in that the owner/founder has no intention of growing the business …
Entrepreneurship
What is an entrepreneur? Harvard Business School defined entrepreneur this way: “Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.”– Howard Stevenson I was reminded of this several times this past month. First, over on LinkedIn, one of the groups I frequent posted this great article from Inc. Magazine. It’s an interesting read. Entrepreneurship is creating something …
Book Review: First, Best or Different by John Bradley Jackson
At the time of this writing, John Bradley Jackson is the director of the Center for Entrepreneurship at California State University in Fullerton (CSUF). I have had the pleasure of working with him and his students at the center; a wonderful experience. Jackson writes in a conversational style that is easy to read and to understand. His grasp of the …
Book Review: Financial Intelligence by Karen Berman & Joe Knight
In this iteration of their book, Berman and Knight focus on understanding finances for Entrepreneurs. I have read many books on the financial statements, ratios and indices that apply to businesses, and this book is among the best. In one place there is a clear explanation of the various reports, how the numbers are derived, what they mean and how …