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The Zen of Franchising The Zen of Franchising

The ancient philosopher, Lao Tzu said “As for the best leaders, the people do not notice their existence.  The next best, the people honor and praise.  The next, the people fear, and the next the people hate.  When the best leader’s work is done, the people say, “We did it ourselves!” So with franchising, in the best franchise systems, the franchisees say, “We did it ourselves!” There is no franchise industry.  There is a franchise community.  Franchising is a marketing concept, a ... Read More

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Why Founders Get Fired Why Founders Get Fired

Excerpt from Eric Markowitz | September 8, 2011 | Inc.com Entrepreneurs are often ousted from the companies they start. Management experts weigh in on why founder succession happens, and how you can avoid it. In July, Etsy CEO Rob Kalin was moved out of the top spot at the handmade goods retail website he founded in 2005. It was a surprise shift for a founder who had been ousted from the CEO spot once before. "Transitions are never easy on the people involved ... Read More

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How to Survive the Peaks and Valleys of a Seasonal Business How to Survive the Peaks and Valleys of a Seasonal Business

The following is an excerpt from Jenna Schnuer | November 28, 2011 | Entrepreneur.com The parties often went late into the night, with up to 150 friends milling about their pool, gathered around the piano, singing, talking and laughing. Scott Jones and his partner, Kell Hicklin, loved entertaining. So when they decided to tank their respective careers in marketing and human resources, the couple determined it was time for a complete change. They bought a then-failing seasonal inn and restaurant on ... Read More

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Are You a Born Entrepreneur? (Opinion) Are You a Born Entrepreneur? (Opinion)

The following is an excerpt from Scott Shane | December 6, 2011 | Entrepreneur.com | Guest op-ed contributor Scott Shane is a professor of entrepreneurial studies at Case Western Reserve University. He writes about entrepreneurship and innovation management, among other things. Ever wonder why so many children of entrepreneurs become entrepreneurs themselves? One reason is that our genes influence the decision to start a business. I don't mean that figuratively; I mean it scientifically. With colleagues at Kings College in London and the ... Read More

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Half-Baked Treaty Deal Could Lead to Collapse of Euro Zone Half-Baked Treaty Deal Could Lead to Collapse of Euro Zone

The following is an excerpt from Felix Salmon | December 9, 2011 | thedailybeast.com An agreement that involves only the 17 euro-zone members pursuing a treaty to bring down debt, rather than a wider solution, means the collapse of the entire edifice is now a matter of when, says Felix Salmon. I thought disasters were all meant to happen over the weekend? Somehow, in Brussels, European Union leaders contrived Thursday night to pull defeat out of the jaws of victory, leaving Friday ... Read More

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Connecting Investors and Entrepreneurs Connecting Investors and Entrepreneurs

Mike Segal, co-founder and managing director at New York Private Equity Forums, talks with the Opportunist’s Managing Editor Leslie Stone about his company’s unique business model. When Mike Segal returned to New York after many years on the West Coast, he immersed himself in the business community and started attending investor conferences in the hopes of finding attractive opportunities. But he was disappointed by what he was seeing. “Here I was, going to investor conferences in the world’s largest financial center ... Read More

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The 10 Largest Global Business Corruption Cases The 10 Largest Global Business Corruption Cases

The following is an excerpt from Merrill Goozner | December 13, 2011 | TheFiscalTimes.com | The Justice Department on Tuesday lodged criminal charges against seven former executives of Siemens AG, who engaged in a decade-long scheme to bribe top Argentine officials to win a billion-dollar government contract. The criminal cases stem from a $1.6 billion disgorgement settlement in 2008, which was the largest ever brought under the U.S. Foreign Corrupt Practices Act. Assistant attorney general Lanny A. Breuer at a late morning ... Read More

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The Most 20 Powerful US CEOs 40 and Under The Most 20 Powerful US CEOs 40 and Under

The following is an excerpt from Jacquelyn Smith | February 18, 2012 | MSNBC.com | (Picture on left: With Google's market cap of $199.05 billion, CEO Larry Page will make this list for another two years. Then he turns 41.) Mark Zuckerberg is only 27, but the company he’s chief executive of, Facebook, may be worth anywhere from $75 billion to $100 billion after it filed for a $5 billion initial public offering earlier this month. Zuckerberg has achieved a great deal ... Read More

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Spring Forward — Or You’ll Fail Fast Spring Forward — Or You’ll Fail Fast

The following is an excerpt from Rich Russakoff and Mary Goodman | March 20, 2012 | CBSNews.com | Ah, spring...A time of renewal, re-awakening, re-birth. It's the time of year when we park our parkas, open our windows to the fresh air and breathe in the promise of the new season. Picture on left: Coming into full bloom (Photo courtesy of Flickr user brianfuller6385) For business owners, it's the perfect time to open our eyes to new possibilities with and within our businesses. Go ... Read More

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Meet America’s New Small-Business Owners: Ex-Cons Meet America’s New Small-Business Owners: Ex-Cons

The following is an excerpt from STEVE YODER | March 27, 2012 | The Fiscal Times | After Cedric Hornbuckle, age 37, served eight years in prison for drug dealing, he knew finding a job in the real world would be difficult—studies have found that any criminal record can cut someone’s chance of finding a job by nearly one half. So in 2008 he decided to forego the uncomfortable job interviews and resume workshops, and started his own moving company called ... Read More

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