Category: Entrepreneurship

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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This story first appeared in the October issue of Entrepreneur. To receive the magazine, click here to subscribe. Clay Freeman was not the suspicious sort, until multiple customers started snapping pictures inside his St. Augustine, Fla., spice and tea shop. “People started coming in saying what a cool idea this was and that it would do really well in their

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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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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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What sets apart products that succeed from those that don’t? When I first started out, I thought the most important element of a product idea was how creative it was. That was how I measured greatness. Did it make people smile? Was it clever? Those qualities were important to me. I remember defending my views to my wife Janice in conversations

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