Profit is not a dirty word and any small business owner will attest that they don’t have the luxury of speculation and haphazard risk taking with their funds. Free enterprise requires small businesses to adapt to new models and technologies or risk falling behind and maybe even eventually failing. And that’s the way it
[Joan Voight, cnbc] Being quick on your feet is an attribute small businesses have over their bigger competitors. And when your small, innovative shoe company is suddenly challenged by more dominate players in the industry, that idea takes on a whole new meaning. Ask sisters Sarah and Jenifer Caplan. They became part-time business partners in
[source: Barbara Pruitt, Kauffman Foundation] Finding, recruiting and nurturing innovative entrepreneurs can help generate the “home run” companies essential to economic recovery. (December 7, 2010 – How many new billion dollar firms would it take to permanently increase the U.S. GDP by one percentage point? According to the Kauffman Foundation, the answer is most likely
[Harvard Business Review, Freek Vermeulen] As a professor of strategy, lately I've been getting asked quite a lot, "What can our company do to survive the downturn?" I'm sorry, but the real answer is, "Not a lot." The market is Darwinian: the strongest ones survive. And an economic downturn is like winter in Alaska; many