Innovation commonly conjures images of breakthroughs in technology or logistics. However, for an entrepreneur, any idea that can grow into a business is an unquestioned opportunity. Most new business ideas
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Within a decade, half of the S&P 500 companies drop off the list for one reason or another; new entrants emerge and replace them. In times of crisis, this churn
Even though your family business may not have been profiled in the latest issue of TCB, you must be incredibly proud of the enterprise you have built from scratch, with
As an advisor, the most frequent question I get from entrepreneurs is “Where do I find a VC to fund my idea?” My response falls into three categories: An idea
For millennia, nature and humans have blended or combined existing elements to create something new. Often the trigger is a drastic change in the environment. Brooklyn Park-based STAR prides itself
Launch Minnesota, an initiative by the Minnesota Department of Employment and Economic Development (DEED), is designed to boost the state’s economy by strengthening the startup ecosystem. The goal is to
I taught Minnesota North Stars hockey players when I was a professor at what is now the University of St. Thomas. I taught the players business skills after their NHL
At the time of another great crisis, the Great Depression, American theologian Reinhold Niebuhr wrote the “Serenity Prayer”: “God, grant me the serenity to accept the things I cannot change,
Cities all over the world have attempted to replicate Silicon Valley with varying levels of success. Decades ago, so did we in Minnesota. VC-based software startups didn’t sprout. Over the
The Census Bureau reports that baby boomers own over 2 million businesses. As boomers age, run into health problems, and burn out, they will need to do something with their
A stunning event does not usually initiate a new trend. It accelerates an existing trend by curbing the forces that were previously resisting it. Self-employment built this country. Artisans worked
"Beware the Ides of March,” William Shakespeare wrote. But my wife and I ignored that sage advice, to return home from an overseas winter respite under the raging Covid-19 threat.
Entrepreneurs have no formal degree requirements, although some “schooling” is crucial for success. Apprenticeship is often touted as an attractive educational path. What if that apprenticeship was a corporate job,
The path forward in Minnesota for nurturing emerging technologies.
Some are fortunate to get training from birth.
Documenting immigrant entrepreneurial
experiences as a means of inspiring
further economic development.
Dan Cohen’s story suggests setbacks are an integral part of the entrepreneurial innovation process.
One entrepreneurial company’s success story.