How One Major League Baseball Team Is Going to Bat with Rookie Sports Businesses

This story first appeared in the October issue of Entrepreneur. To receive the magazine, click here to subscribe. With the North American sports market growing at an annual rate of 4.5 percent, according to PricewaterhouseCoopers, it’s no surprise that professional athletics organizations are pouring resources into helping young companies develop related products and services. This year saw the launch of

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Business Skills vs. Entrepreneurial Thinking

In a recent post about entrepreneurship education, Gary Schoeniger, chief content development officer at the Entrepreneurial Learning Initiative, argued that entrepreneurship isn't really about acquiring business skills such as spreadsheets and marketing plans. Instead, entrepreneurship is the way someone thinks. Related: Is Entrepreneurship Education Weakening in America? Business skills, Schoeniger continued, somewhat controversially, may, in fact, get in the way of entrepreneurial thinking. Teaching business plans

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7 Actions to Take After Incorporating Your Business

Much has been written about incorporating a new business, including advice on how to incorporate and what business structure to pick. However, I have found that new business owners can have just as many questions after incorporating or forming a limited liability company (LLC).  As you can imagine, there are some essential differences between running a corporation and running a

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