One way to get more of our most talented young people to embark on the higher-risk, higher-reward path is to create a community and network. It might be a lot easier to take risks if you're part of a group who will look out for one another.
As we've seen the dramatic surge of the New York City startup scene over the past few years, so we will also see other unexpected places all over the United States breaking through in the coming years.
As young entrepreneurs we have very little money and even less time. Many of us are bootstrapping our endeavors and are woefully understaffed. Given the constraints on early stage startups, here are our recommendations for how service providers can best support us.
Of course, there are a variety of skills owners need to know in order to make a business work. But after many decades of running my own successful businesses, I have come to the conclusion that these facts are the seven essential concepts needed to create a successful business life.
If you're planning a corporate meeting or special event for your company, your choice of professional keynote speaker to kick off the itinerary can be every bit as important as the venue, theme and timing for the occasion.
From the first tentative baby steps of 'I think I might' to the giant leap spanning 'I will...and I am,' a lot of territory is covered. At midlife, if we take our dreams seriously (and if not now, then when?), it is sobering to think of all it will take to achieve them
The time has come and almost gone for Washington to repair its broken relations with Cuba. For 53 years the White House has maintained a punishing embargo on trade with Cuba. Yet Cuban-Americans trade with and travel to Cuba freely on a daily basis. The "embargo" applies to everyone except them.
Nearly all net job creation comes from newly created firms, and therefore, as an organization acting in the name of human welfare, we have a unique responsibility to provide what we can for entrepreneurs.
Jim Hornthal splits his time between venture capital, entrepreneurship and education. Jim has founded six companies, including Preview Travel, one of the first online travel agencies, which went public in 1997 and subsequently merged to create Travelocity.com as an independent company.
Entrepreneurs are the world's economic chefs. They create new businesses, new growth, new value, and new jobs -- they bake more pie. Yes, entrepreneurs are about as American as apple pie, but they often don't get the support they need.
Boomer-aged Americans are three times more likely than Gen Yers to take a flyer and become entrepreneurs. A few years ago I joined their ranks. Based on the depth of my experience, I assumed I could do everything on my own. I was sorely mistaken.
I believe in the Happily Ever After. Eat a cherry, savor it, then ask yourself: "Is this as good as it gets?" If the answer is no, keep going right away. If the answer is yes, then stop right there and figure out how to make it last.
The holiday decorations are all put away, you've survived another big visit from the family, and you're already a little behind on your new year's resolutions. But you can be excited about 2013's prospects for both your startup and the entrepreneurship ecosystem as a whole.
Long hours, short breaks, little social life and immense pressure are all assumed to come with the territory of getting a business off the ground. But getting consumed by your work isn't good for you or your business. Working too hard can be unhealthy, and your work will suffer as a result.
For all the scrutiny LeBron endured for his decision to "take his talents to South Beach," it was actually the right decision. Especially for startups, having the right core team is everything. Join forces with people you like being around and have different strengths than you.