Tuesday, March 28, 2006

Small Is Beautiful; Beautiful is About Entrepreneurship


Small is Beautiful and Lucrative

Here's how one guy, Mike Cayelli, set up a Web business, cuffdaddy.com, projecting U.S. $500,000 in sales this year, that rings up healthy margins by selling -- you guessed it -- cuff links and he still hasn't quit his day job.

Escaping Corporate America comes in all shapes and sizes. Which one fits you?

Sunday, March 26, 2006

From Corporate America to Entrepreneurship: Onward and Upward

This is an amazing story about an amazing woman in corporate America but I could not help but focus on what was next for her besides a life with better balance and a greater peace of mind. Hence the photo. Here are a couple of snippets from the article:

"I’ve had 25 great years [corporate America] and now I want to know ‘what else,’ " she said, reflectively. "That’s the beauty (of my decision), to be able to disengage before I become re-engaged with my career."

James plans to open Lardon and Associates after taking a couple of months off to "read, maybe write a book and spend time with my family." She’s leasing office space in the Brewery District, in the same building that houses Brown & James, the law firm of her husband, Larry James.

"I have to have some place to go to concentrate on the work I do," she said.

Read the story here: A Life In Balance

Thursday, March 16, 2006

Should I Stay or Should I Go?

Despite the many professional advantages to working for a bigger firm, David Lightle is still uncertain whether he is willing to give up his independence, the ability to plan his own travel schedule, to live where he desires, to choose his own projects and to choose with whom he works.

Is it worth it to fly solo?

Find out here: Weighing Independence And Big-Firm Advantages

Saturday, March 11, 2006

Women Leading the Way in Startups

Here's one of many great snippets from the article:

The women entrepreneurs interviewed for this story had one thing in common: a vision of what they wanted to do with their lives. They see the future as bright, especially since technology -- from the Internet to mobile phones -- is making it easier to set up sophisticated virtual offices at home or wherever your heart desires.

Women entrepreneurs have important success stories to tell.

Thursday, February 23, 2006

No excuses, just results: Prosper

Interesting new site modeled off eBay but for people-to-people lending:

Prosper

Now, startup capital is a breeze provided you have friends!

Tuesday, February 21, 2006

Another woman takes the plunge ... that is, to entrepreneurship

In baltimoresun.com

For 16 years, Kimberly Harden worked a 9-to-5 job that gave her little satisfaction.

But she also ran a wedding -- and event-planning business on the side for 11 of those years -- work she found fulfilling and exciting. In 2004, she took the leap of leaving behind the administrative job and making her business a full-time career.

"I understood that my passion is what I'm doing now," said Harden, 39, who owns Majestic Day LLC. "And I'm satisfied."

For reasons as varied as flexible schedules, work-family balance and job and financial security, more women like Harden are diving into owning and operating their own businesses.

Read the article here: Women Inc. Thriving in Region

Monday, February 13, 2006

Selling Our Souls ...

... During Black History Month

Interesting ... "It’s about transcending the social ills that oppress our people every day and coming up with solutions to combat them." I hear you! Let's have some action to accompany the agenda.

Read the article here: Selling Our Souls During Black History Month.

Monday, February 06, 2006

A "Man" Leaves a Big Company to Go Solo!

[Laurel here ... For all the men who email me and say, "Hey, women aren't the only ones who want freedom, flexibility, recognition, more money and greater opportunities. Wakeup! Men want all these things too!"]

As a vice president and corporate counsel for a New Jersey-based defense contractor, Jonathan T. Mann seemed to have a good legal gig. He earned well over $200,000 annually, more than enough for his family to live on comfortably in a suburban community four miles from his office.

But all wasn't well. Mr. Mann had intended to stay for a while with Parsippany-based DRS Technologies Inc. when he joined it in 2002. But a good portion of his job consisted of work that he thought wasn't appropriate for his level of seniority, such as negotiating nondisclosure agreements, he says. While Mr. Mann loved the law, in this role, "the joy went out of it," he says.

Find out what he did here: "Leaving a Big Company To Go Solo."

Monday, January 23, 2006

Women entrepreneurs want the same things men want

In MiamiHerald.com

They want access to capital, training and markets. But women with businesses of $1 million or more are twice as likely as male counterparts to seek advice from a mentor. they also want to be taken seriously.

Read the article here, "What do 'hot mamas' want?" Don't be mislead by the title -- I was when I read 'hot mamas' -- for the article is written by a respected Harvard professor. Still I question what's up with that?

Wednesday, January 18, 2006

Staging Your Second Act: Entrepreneurship At Its Best

In Iceved

What does it take to become an entrepreneur and get your business off the ground? Here are some tips from those who have done it.

Startup Secrets of the Successful

Friday, January 13, 2006

Be Happy You Are An Entrepreneur

Published in the New York Times January 9, 2006

You have to read this to believe it and since it is only available to subscribers, I am posting the whole darn thing. Let me know what you think. I nearly canceled my subscription to the Wall Street Journal when I had read that Karen House was passed over for the chief executive position of Dow Jones but I didn't only because I find MS. Wendy Bounds's small business column on Tuesdays useful to my work.

To Reach the Heights, First Be Male

THE glass ceiling has been shattered so often in the last decade that you might think that metaphor for the limits many women in business confront would have lost its power. But as some women in the media business found out last week, once you get through the ceiling, you find a secret glass treehouse suspended far above your head. That's where the men sit.

Last week, Martha Nelson was promoted by John Huey, Time Inc.'s editor-in-chief, from editor of People magazine, that large, reliable A.T.M. for Time Inc., to corporate editor in charge of People and its offspring. When Mr. Huey ascended from editorial director earlier this year, some thought Ms. Nelson would get his old job as No. 2 and act as his adviser and confidante, as Mr. Huey had for Norman Pearlstine.

But People and magazines like InStyle - another cash machine that Ms. Nelson had helped create - are responsible for almost half of Time Inc.'s profit, and Mr. Huey was reluctant to kick her upstairs, far from the action. It makes business sense: Mr. Huey just got the job and he does not need to train his successor.

But you have to wonder if Ms. Nelson were a man whether she would have been brought up into the executive clubhouse on the 34th floor. (It's worth mentioning that Ann S. Moore, the chief executive of Time Inc., already resides there.) For the time being, the glass ceiling is a skating rink, an arena in which she can show off her substantial skills, but it could contain unseen trapdoors.

Karen Elliott House, the publisher of The Wall Street Journal, just ended up falling through one. When the board members of Dow Jones & Company chose a chief executive, they bypassed Ms. House, a Pulitzer Prize-winning journalist who was both professionally and personally wedded to Peter R. Kann, the outgoing chief executive, in favor of Richard F. Zannino, a vice president of the company who came from Liz Claiborne in 2001.

Ms. House, who had been at the company 32 years, found herself out of a job. A hard-charging journalist and executive - some would say a bit too driven, a frequent charge against successful women - her career and personal life became defined by her alliance with Mr. Kann. Once she was at the top, the glass ceiling became a mirror, a reflection of choices made.

Perhaps the biggest surprise of the week was the departure of Mary G. Berner, the chief executive of Fairchild Publications, a division of Condé Nast. A former publisher of Glamour, she took over what had been a workmanlike division that published trade magazines like Women's Wear Daily and Footwear News, along with W, a fashion magazine.

IN six years, she doubled the number of publications, took Details, a crippled men's magazine, off the hands of Condé Nast and repositioned it at Fairchild as a somewhat androgynous men's magazine, and elevated Fairchild into a respected player in publishing.

As a chief executive, she had few peers, building a low-cost, collegial workplace with flat architecture that engendered the kind of loyalty that the trade magazine Folio once described as "the cult of Mary."

Ms. Berner sponsored a magazine day at the company in which anyone from publishers down to the people in the mailroom could pitch an idea. (Someone from the mailroom actually did pitch a magazine, and while his idea didn't get picked up, he was promoted to the circulation department.) Last year, an employee pitched an upscale parenting magazine called Cookie that has since blossomed into a going concern.

Fairchild was Ms. Berner's own little meritocracy. It eschewed the hierarchy and the town car prerogatives of Condé Nast in favor of a feisty underdog approach that created significant dynamic competition.

Not all of it worked. Vitals, a men's shopping magazine, fell flat, and the division's fashion titles like W and Details had to fight for the same dollars pursued by Vogue and GQ.

Four months ago, Charles H. Townsend, chief executive and president of Condé Nast, decided that the crossover created by the independent division made no business sense and reorganized Fairchild back into the fold. Ms. Berner, who had an option to leave the company if she no longer reported to S. I. Newhouse Jr., the chairman, did just that last week.

Part of her departure has to do with her disposition. Ms. Berner likes to run her own show. Much as the folding of The New Yorker into Condé Nast in 1999 cost Tina Brown her independence, the move made Ms. Berner just one more executive.

She may manage down very effectively, but has a tendency to speak her mind in a way that was not always appreciated within Condé Nast. And neither is being a woman. Ms. Berner, the mother of four, put in her hours, but she was never one to head out for drinks or golf.

Like a lot of media companies - like a lot of companies period - Condé Nast is a male-inflected place. In 1999, the company paid more than $1 million to a woman on staff who had been injured by Richard D. Beckman, the company's boisterous and effective president in charge of group sales, when some horseplay went awry. (Although he has since moderated his approach, the sobriquet of "Mad Dog" Beckman is still bandied about.)

And when the plum job of publisher of Vanity Fair came up, it went to Alan Katz, who had only recently arrived and served at Cargo, a start-up magazine, bypassing several outstanding women who had served at the company as publishers for years.

"Because there are so few women executives, we tend to notice when something happens to one of them," said Judy B. Rosener, a professor in the business school at the University of California, Irvine. "But women have attributes that men dismiss or see as foreign. They tend to think people at the bottom have as much or more information than the people at the top."

That's one way to do business, but not exactly the Condé Nast way. Most executives, men and women, end up losing out for the top slot just by virtue of the numbers. But in the instance of Ms. Berner, the assets she brought to the job - a willingness to share ideas and credit, an ability to build a civil and productive work culture - are viewed as weaknesses. She might be good, but she wasn't in the club.

Thursday, January 05, 2006

Happiness Found: Working For A Company?

In BusinessPundit.com

A lesson for us all in this poignantly written commentary headlined "Why I Quit Entrepreneurship and Got a Real Job."

A big thanks to Rob for sharing.

Tuesday, December 27, 2005

Happiness Found: Working For Yourself

In Chron.com

A report released this week finds older workers who are self-employed — particularly those who not only work for themselves but also employ others — are likelier to be happier with their work situation than those who labor for someone else while women face the hardest road.

Small-business owners (whether men or women!) are happier, said Ellen Galinsky, president of the Families and Work Institute, a New York-based nonprofit research group that studies workplace and family issues.

Galinsky said the study provides a message to employers hoping to improve employee retention: "There are lessons in here for organizations that employ people: Provide people with learning opportunities, provide them with more autonomy, provide them with more flexibility," she said.

Hey, hey and Happy New Year!

Read the entire article here.

Wednesday, December 07, 2005

Another Move By Corporate America ...

In The Wall Street Journal

I have been trying to track down the online version of the letter to the editor published in The Wall Street Journal on Tuesday, December 6th entitled "In the Days When Shopping Was Elegant." It was all about the Marshall Field's name coming off the building the first of the new year when Macy's takes over. It's a great letter but what really struck me was the author's insight that is applicable to everything we write about on this blog:

"... And now, taking Marshall Field's (Chicago) sign off the building is another move by corporate America to take us all down to the lowest common denominator. I resent the increasing "sameness" in stores everywhere. Call it the Wal-Marting of America. Let's boycott'em all! Mom and Pop stores, arise! The cycle is coming around!" ~ Bill Evans, Bainbridge Island, Washington

Isn't that a fresh new take on entrepreneurship? Way to go Bill!

Friday, December 02, 2005

Why Do Women Escape From Corporate Canada?

In Oak Bay News

Women in Canada are starting more businesses than ever. Money isn't the main reason. Guess what is? Find out here.

Tuesday, November 29, 2005

A woman entrepreneur's desire to succeed

In Entrepreneur

While some would have found the twists and turns of this woman's entrepreneurial ride too tumultuous to stomach, and her unexpected obstacles insurmountable, her business has emerged successful. Read the article to find out why and how. It could be you.

Monday, November 21, 2005

What Motivates Women Entrepreneurs?

In icWales

Whether you are running a business in Wales or Wilmette, Illinois, women are motivated by a desire for independence, freedom and self-fulfilment, research shows.

Learn more by reading: The Start-Up Barriers Facing Women

Sunday, November 13, 2005

Drucker Managed To Do It First And Now He Is Gone

In the Financial Times

My favorite and most influential management guru -- Peter Drucker -- passes on at age 95.

"Managers learn in business school that relationships are either up or down, but the most important relationships today are sideways," Drucker said with an Austrian accent grown stronger with old age. "If there is one thing that most of the people I know in management have to learn it is how to handle relationships where there is no authority and no orders. Now, what else do you have?" ~ Peter Drucker, November 15, 2004.

Doesn't it sound like entrepreneurship? Well entrepreneurship and innovation occupied him powerfully in his later years, along with the growth of what he called “knowledge work” and management's wider role in society. He revelled in such observations as “for the first four years, no new enterprise produces profits. Even Mozart didn't start writing music until he was four."

Drucker taught us that the best ideas have to be simplified in order to be effective. Who else could question with such authority: “What business are we in, and who are our customers?”

I will miss his genius immensely. Read the obituary here.