Remember when you were a child? As children, often the biggest care is when friends are coming over or how many days until a new video game is released. As children we also have plenty of time to learn and as adults, we can look back and remember that learning new skills as a child […]
Astute entrepreneurs in Michigan are capitalizing on the demand for locally grown food by using technology to facilitate bringing products to consumers. The Michigan success stories are notable for aspiring business owners looking for an angle to start new companies. A prominent pathway to commercial success is duplicating a sound formula at a new location. […]
Many successful entrepreneurs have done it. Facebook founder Mark Zuckerberg was a college dropout along with Steve Jobs, Bill Gates, and Richard Branson so it must be possible to start and grow a business without a college degree—and, indeed, it is.
When an immigrant wants to start a company, his commercial ideas are generally limited to the field he knows best. This lack of knowledge about various US industries and markets is an advantage because he focuses on what he understands well. Maintaining that simple approach to business is a recipe for success. Yin Alvarez discovered […]
Startup co-founder Jim Sinegal is no stranger to starting a business. In 1983, he started Costco, a discount warehouse store that is now the 5th largest retailer in the United States and the 11th largest in the world. The business has annual sales of $1 billion and each Costco location averages more than $130 billion.
The tale of entrepreneur Nicholas Pelis demonstrates the importance of commitment when starting a new company. Finding the needed funding usually works out as long at the founder remains driven. For Pelis, no sacrifice was too large to achieve business success.
Sometimes a business is started simply because the founding entrepreneurs crave the independence and enjoy the work. Financial success, however, takes a circuitous route because an operation may change into a new company as events unfold. This is the experience of Ryan Marquis and Mark Stubbs.
Some of the best ideas for starting a business involve simple products. They don’t require much money or a lot of time to explain what the company is selling.