Tag: Entrepreneur

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Carol Roth is a recovering investment banker, entrepreneur and author of The Entrepreneur Equation, the anti-motivational, motivational book about entrepreneurship and a realistic take on starting a small business. She and Bridget discuss the factor that jealousy plays in the tragic loss of the American Dream, being spoiled and ungrateful in a capitalist society, the […]

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Some people are born entrepreneurs like my Father. After selling Group Insurance to various small companies in the Midwest, he branched into Pension and Profit Sharing plans, which were the precursors to modern 401K-type Retirement Plans. Many of his clients were accountants doing the books of restaurants, which were being hit by McDonald’s, Burger King, and other franchises in the 1960s. He talked to Colonel Sanders at Kentucky Fried Chicken and built the first KFC in Battle Creek, MI. He purchased an auto brake shoe remanufacturing plant, where I worked during the summer. Later, he had a small outdoor sign business.

There are many articles on serial entrepreneurs, both positive and negative. After selling their company, many entrepreneurs get bored with “retirement” and look to start another business. Sam Farber (the nephew of Farberware founder Simon Farber) started Copco in 1960 as a producer of enamel-coated cast iron cookware. Retiring in 1982, Sam came up with a toy based around crates with accessories such as wheels, making the crates into cars, bookcases, toy boxes, etc. He patented it and developed prototypes. He then tried to sell it to various retail store chains. The furniture buyers said it wasn’t furniture, it’s a construction toy. The toy buyers said it’s not a toy, its juvenile furniture. So his first business after retirement was stillborn. Later on, he saw a new way to package houseware products, which he knew well. And you probably need his products in your house!

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Greetings from Israel. Much reading and podcast listening on my trip (thx Ricochet!) Wanted to share a Goldman Sachs Entrepreneur Summit Podcast which interviewed the CEO of a new company I hadn’t heard of until Rico’s recent podcasts (they advertise on Ricochet): Casper, a fascinating start-up with over 100 employees angling to revolutionize (disrupt) everything sleep. Since […]

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We all must rest from work and life eventually. Someday, hopefully a day of our own choosing, we all have to hang up our hat or hand over our work for others to carry on. This holds true for businesses too, and the products they manufacture or the services they sell. We aim, when we […]

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As the election season heats up, I suspect that the media and many of us will focus more and more on trivialities of individuals running and / or the trivialities of the two flavors of political ice creme available to the public for voting. Passionate appeals will be made for the favorite flavor of rule, […]

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Just finished reading James Pethokoukis’ article: Where Are All the Startups? More in America’s Economic Calcification which followed this years much reported (left-leaning) Brookings Inst. study showing American Start-Ups rates are Declining.  More

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What does it say about as authentic a totalitarian as Raul Castro (yes, that Raul Castro) to be found as the money behind a popular local sandwich shop? Here’s the story: For over ten years Paseos turned out over 1000 sandwiches a day at their Fremont location. The thriving cash-only business with a cult-like following […]

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Business owners and those who hope to become one (wantrepreneurs) are a dying breed. First some wonky background: Technically, the U.S. economy is in “recovery”. However, most economists agree growth is anemic and vulnerable. 2014’s first quarter GDP was a mortifying 0.1%, surprising most everyone. Forbes called the growth “glacial”. Now we are informed that […]

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