Tag: Entrepreneurship

You asked the questions and Carol Roth answered them! From investing and business to politics to personal, Carol answered your serious—and not so serious—questions. Plus, “Now You Know” trivia from ancient Rome.

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How are small businesses doing in the current economy? How do you find a professional mentor or use content to build your business? How do you deal with depression as an entrepreneur or professional? Ramon Ray, Founder, Smart Hustle Media and Entrepreneur-in-Residence at Alice joins Carol to talk about all things small business and entrepreneurship.

Ramon Ray has started four companies and sold two of them. He’s the author of four books, including his latest, Celebrity CEO.

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While winding down before Christmas celebrations begin in earnest, I have been playing a park simulator. Jurassic World: Evolution is among this month’s “free” games on Xbox Live. It’s basically like designing and operating a zoo, only the exhibits are more likely to break free and eat the guests. After learning the ropes at the […]

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Serial entrepreneur Paul Shrater returns to moderate a discussion with Carol Roth on the future of entrepreneurship. Paul and Carol talk about the shifts in entrepreneurship and marketing, future growth industries and address the issues with Universal Basic Income (UBI) as a platform.

Paul’s businesses include Minimus.biz, Minimus fulfillment and Minimus brands, and his clients range from major celebrities to NASA. He even manages the fulfillment for Carol’s Future File® legacy planning system.

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November is National Entrepreneurship Month. Here’s Humphrey Bogart to explain why it’s about more than the money: More

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Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. Johns Hopkins’s Blooming Ideas

 

http://welcometobaltimorehon.com/images/johnshopkins.jpgJohns Hopkins was born on this day, May 19, 1795. A Marylander, his Quaker parents lived out their religious beliefs by freeing their slaves. This cost them greatly and led them to put their son into their tobacco fields at age 12, ending his formal education. Yet, Johns Hopkins not only overcame the economic disadvantages imposed on him by his parents, but also overcame the natural human impulse to hate the “other,” the people with darker skin who society and his personal experience would tell him to blame. From a poor start in his parents’ tobacco fields, after transplantation to the merchantile field, Johns Hopkins blossomed into a business leader, then grew other businesses through investment, finally creating seedbeds from which amazing new ideas bloomed.

Johns Hopkins started life with a very unusual first name. As Johns Hopkins Medicine explains:

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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 math and ROI of going to college, and the danger in allowing political correctness to rob us of using laughter as a healing method. Carol talks about how she kept moving forward in the wake of a series of devastating personal losses, her approach to a successful marriage, her horror of emojis, how to combat imposter syndrome and tips on overcoming procrastination. Also, don’t miss Bridget’s unscientific theory that the reason women are more detail oriented than men comes from our hunter gatherer days and her plans for faking her own death. Check out Carol’s podcast, also on Ricochet, here: The Roth Effect with Carol Roth.

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Contributor Post Created with Sketch. Everyday Hero

 

When a young man has a calling to step up and help others, without pressure or financial reward, he should be recognized and lauded. I want to celebrate Rodney Smith. He serves as a model of selflessness by helping others, just because he can.

Rodney’s journey to help others began in the fall of 2015 when he saw a senior citizen struggling to mow his lawn:

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Recommended by Ricochet Members Created with Sketch. My Job: Not Helping Homeless People

 

I’ve been listening to the Ricochet podcast for a couple years, am a big fan, and have for awhile wanted to lend my voice to this conversation—partly because of the field in which I work, which some may describe as “social justice.”

I joined the site today and want to open with this background.

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This week on Banter, Ed Glaeser explained how entrepreneurship helps America’s cities to thrive as well as options to make housing in these prosperous cities more affordable. Glaeser, a senior fellow at the Manhattan Institute, is the Fred and Eleanor Glimp Professor of Economics in the Faculty of Arts and Sciences at Harvard University where he teaches microeconomic theory and urban and public economics. His research focuses on determinants of city growth and the role of cities as centers of idea transmission. Glaeser participated in the sixth annual AEI and CRN conference on housing risk. The link below will take you to the full event video.

Learn More:

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Contributor Post Created with Sketch. Member Post

 

It is the depth of the great depression, and yet business is booming at Warren Sons and Mortimer, merchant bankers, in the City of London. Henry Warren, descendant of the founder of the bank in 1750 and managing director, has never been busier. Despite the general contraction in the economy, firms failing, unemployment hitting record […]

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Recommended by Ricochet Members Created with Sketch. Ricochet – Where Entrepreneurial Teams Are Born

 

I’ve been a Ricochet member since June of 2010 and never really approached the site as a place to connect with other members to pursue business opportunities. But I’d certainly recommend that now to anyone who thinks that Ricochet is only a discussion site to hash out political or cultural issues.

In December of last year, I received a message from the owner of a firm that I had commissioned product design work from over the last couple of decades for some of the high-tech companies where I had worked. The owner conveyed to me that they had a client who was working on developing an interactive, safe gun-training system to be launched on a crowdfunding site and that the inventor/engineer needed some marketing and product launch help and would I be interested? I was, but I knew that I would need the help of someone who was an expert on firearms, knew the gun industry, had marketed firearms products before, understood the various vertical markets within the gun industry, trained people on gun skills and safety and wrote regularly about guns, gun training, the Second Amendment and gun rights. I reached out to Ricochet Contributor, Kevin Creighton (@kevincreighton).

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Contributor Post Created with Sketch. Uber Shrugged: Company Flees California for Red State to Test New Tech

 
Gov. Doug Ducey welcomes Uber’s self-driving fleet to Arizona, Dec. 22, 2016. (Photo source.)

Silicon Valley is known as the home of tech innovation, so it’s no surprise Uber chose San Francisco as the test site for their ride-sharing app in 2011. But now that Uber’s successful, the once Golden State wants to tangle their future research in red tape.

Uber began testing a fleet of 16 self-driving Volvo SUVs in San Francisco on December 14. A week later, California’s Department of Motor Vehicles revoked all 16 registrations, insisting that a special permit was required and that Uber must publicly report statistics from their R&D program. Not wanting to invest millions in research to benefit their competitors, the company sought a state that celebrates entrepreneurship.

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Those memes you see on Facebook sure are annoying. But they are also extremely powerful propaganda tools. More

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Contributor Post Created with Sketch. Has America Really Lost Its Capitalist Mojo?

 

081116FTstartupsIf you’re worried America is no longer great — excluding US Olympic prowess, of course — the above chart might neatly encapsulate those concerns. Looks like the Startup Nation is in the midst of an entrepreneurial crisis. Since the late 1970s, startups as a share of all firms have fallen by more than half, while the share of workers employed at new firms has fallen by three fourths.

This seems troubling on two levels. First, entrepreneurship of all kinds can provide employment and upward mobility. Second, high-growth or “transformational” startups are big drivers of high-wage job creation, innovation, and competition. As the Financial Times (source of the above chart) recently put it: “The suggestion that the US has a problem in the entrepreneurship department has come as a jolt for a country that prides itself in the red-blooded capitalist spirit that spawned the likes of Henry Ford, Ray Kroc and Steve Jobs.”

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Contributor Post Created with Sketch. Is the US Really Just the 41st Most Entrepreneurial Nation in the World?

 

twenty20_40983b68-a325-4347-8f9e-c3fb4cfa23ab_business_startup-e1465240993683Let’s say I was trying to cook up a talk about how terrible the US economy is. This could form the basis of a really good — and deceptive — one (via the World Economic Forum): “According to research by the UK-based business-networking group Approved Index, the US ranks 41st in the world for having the most entrepreneurs, who make up 4.3% of the adult population. Meanwhile, Britain ranks 37th with 4.6%.”

41st! Looks like an Entrepreneur Gap!

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Contributor Post Created with Sketch. From Startups to Jobs, America’s Lopsided Economic Recovery

 

twenty20_0c8ba4f6-db4c-4006-b0f8-ec1a4aa7dc73_startups_office_work-e1464018155556A new report from the Economic Innovation Group, “The New Map of Economic Growth and Recovery,” examines America’s startup scarcity in the 2010s. As the report explains, “New businesses play a disproportionate role in commercializing innovations, stoking competition, and driving productivity growth. They also create the bulk of the nation’s net new jobs and provide the extra demand that is critical to achieving wage-boosting full employment.”

And the numbers are distressing. Looking at other recent recoveries, the EIG report notes the 1990s saw a net increase of nearly 421,000 business establishments, and 405,000 in the 2000s. By contrast, over the first five years of the 2010s recovery, the number of business establishments increased by only 166,500.

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There’s a podcast called Smart People Should Build Things: Venture for America, and a recent episode featured an interview with Phillip Krim, the founder of Casper Mattresses, where he provides the story behind it. More

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If there’s one thing I’ve neglected in my perpetually nose-to-the-grindstone life, it’s building alliances. It’s meeting and getting to know others outside my present work associations, cultivating relationships over shared interests, and laying the foundations to jointly pursue worthy goals. Isolation is easy, for those of us with a demanding vocation and/or a restless disposition […]

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Contributor Post Created with Sketch. This Is the Attitude America Needs More of

 

twenty20_e53193ea-55f3-4b01-a34e-ed38b3f4f7fe_idea-e1457386612357Y Combinator’s The Macro blog has an interview with Jacob DeWitte, co-founder and CEO of nuclear technology startup Oklo, which is trying to develop “a new kind of nuclear reactor that’s small, portable, and waste- and carbon-negative.” Here is DeWitte on how he ended up in Silicon Valley:

Well to start, we were curious about what YC would be like, because they hadn’t done any energy projects yet. But it ended up being phenomenal. We didn’t really get to benefit from getting specific advice on technical stuff, like some of our peers did – we’re building a nuclear reactor, after all. But it was so helpful on the vision side, and on how to build a great business.

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