February, 2010 - Archive

Lessons From a Blue-Collar Millionaire
Chris Banescu  |  February 28, 2010

Inc.com | by Bo Burlingham | 2/1/2010
When Nick Sarillo launched his pizza business, he had one goal in mind: to create a corporate culture unlike any he had seen.
It’s Takeout Tuesday at Nick’s Pizza & Pub, and the air is thick with the smells of hot pizza crust, peppers, onions, and cheese. Eighteen young men [...]

Why B-Schools Set Up Entrepreneurs To Fail
Chris Banescu  |  February 28, 2010

Forbes.com | by Sramana Mitra | 2/26/2009
Business schools need to focus on bootstrapping, not only raising money from VCs.
I know I am entering highly contentious territory. Academia generally looks down upon entrepreneurs even as they teach entrepreneurship in business schools and other university programs around the world.
Meanwhile, I have come to observe that most business [...]

A Little Less Conversation
Chris Banescu  |  February 25, 2010

Inc.com | by Joel Spolsky | 2/1/2010
Have you ever invited employees to a meeting just so they wouldn’t feel left out? If so, you may be an overcommunicator.
When was the last time you scheduled a meeting and invited eight people instead of the three people who really needed to be there simply because you didn’t [...]

The Way I Work: Kathy Ireland
Chris Banescu  |  February 18, 2010

Inc.com | As told to Liz Welch | 12/1/2009
Former supermodel Kathy Ireland founded a little company to make products for “busy moms” like herself. Now, with revenue of $1.4 billion, she’s busier than ever.
When she was in her 20s and a model, Kathy Ireland says, her job description was “Shut up and pose.” So it [...]

Americans Suffer, While Government Workers Prosper
Chris Banescu  |  February 16, 2010

Yet another travesty is unfolding before our eyes in these United States of America. While tens of millions of Americans continue to struggle through difficult economic conditions, with hundreds of thousands more losing their jobs every month, tens of thousands more losing their homes and their businesses, and millions more facing salary cuts and [...]

Five Attributes Of Enduring Family Businesses
Chris Banescu  |  February 15, 2010

Forbes.com | by C. Caspar, A. Dias, H. Elstrodt | 1/15/2010
The keys to long-term success are professional management and keeping the family committed to and capable of carrying on as the owner. Family businesses are an often overlooked form of ownership. Yet they are all around us–from neighborhood mom-and-pop stores and the millions of [...]

After the Fall: Saving Capitalism from Wall Street and Washington
Chris Banescu  |  February 14, 2010

Amazon.com | by Nicole Gelinas | 2009
Robust financial markets support capitalism, they don’t imperil it. But in 2008, Washington policymakers were compelled to replace private risk-takers in the financial system with government capital so that money and credit flows wouldn’t stop, precipitating a depression.
Washington’s actions weren’t the start of government distortions in the financial [...]

Government Workers Make 45 Percent More Than Private Sector Employees
Chris Banescu  |  February 9, 2010

A new report from the Bureaus of Labor Statistics that was released today, shows that almost 15 million Americans are currently out of work and unable to find jobs. Worse still, those with jobs have not seen their wages increase much in the last 10 years. However, government workers are enjoying a boom [...]

America’s ‘Free’ Falling Economy
Chris Banescu  |  February 3, 2010

Investor’s Business Daily | Feb. 1, 2010
The latest index of economic freedom shows America falling fast, being ranked for the first time as “mostly free.” We’ve fallen behind Canada, and it’s look out below.
Our accelerating descent into a command-and-control economy with government pulling the strings is taking its toll.
The Heritage Foundation’s 2010 index of leading [...]