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Monthly Archives: October 2008
Defining “Entrepreneurship”
The Wikipedia definition of entrepreneurship: “Entrepreneurship is the practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities…Entrepreneurial activities are substantially different depending on the type of organization that is being started.” … Continue reading
Take a chance…
My general feeling toward entrepreneurship is that there is never going to be the PERFECT time to start your own company. When you are young, there is going to be a reason or reasons that urge you to wait a … Continue reading
Big Idea, Better Mousetrap or Outperform
When I think about one day starting my own business I generally put my options into three categories: The Big Idea: Come up with the next big idea that will either completely revolutionize an industry, or maybe even create a … Continue reading
Posted in From the Founders
Tagged big idea, entrepreneurship, mousetrap, outperform
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At the end of the Rainbow…
I was thinking about some points that I wanted to talk about related to starting your own business. With all the bad economic news and uncertainty in our economy I had a lot of topics. I decided to point out … Continue reading
Change is a constant.
I have several employees that have not embraced any of the new technological advances. In fact some don’t even want to be involved in any new technology. It is a dilemma when you have a person that is very capable in … Continue reading
Credibility Premium
Everyone knows what’s been happening in the financial markets and what has happened to get us here. Panic gripped the markets beginning with mortgage finance and has spread into every corner of our market. Now our country’s financial system is … Continue reading
Posted in Travis' Take
2 Comments
Stuff Happens
I had a contract with one of the large banks. When I heard the news it had been bought out at an extreme discount I was concerned about the validity of my contracts. I called my contact and was assured that … Continue reading
Graduate and…Get a Job?
My last post questioned whether an aspiring entrepreneur, that lacks the capital to start a company, should seek investment from venture capitalists or private investors. Before I asked that question, what I really need to know is if it is … Continue reading
Posted in The Owls Nest
Tagged college graduates, connections, Entrepreneur, experience, networking
4 Comments
The Credit Crunch…and what it means for Entrepreneurs
Wow…what a couple weeks we have seen on Wall Street. Starting with the bankruptcy of Lehman Brothers and now ending (hopefully) with the recently passed $700 billion government rescue plan. The events that have occurred have either never been seen … Continue reading
Posted in From the Founders
Tagged capital, credit crunch, economy, opportunity cost
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Stay on course
I had a staff meeting today with two of my key people. I expected it to be brief to emphasis a few points. I came to realize they did not fully understand some new procedures I had been trying to implement. Two hours later we were … Continue reading