Posts Tagged ‘entrepreneur’

A Business From A Buck

Monday, August 16th, 2010

In an economy like this one, it seems unlikely that any bright business idea could be realized without a significant amount of startup cash. However, a few savvy entrepreneurs are making it work.

  • Small businesses are getting their start from very little money.
  • The Wall Street Journal found three booming businesses that were launched on only a couple of hundred dollars.
  • Technology plays a large part in helping new businesses because professional looking websites and automated phone systems are widely accessible.

Facts & Figures

  • About half of all start-ups close within five years, usually due to lack of capital.
  • Babson College estimates that it costs up to $65,000 to start a business.

Best Quote

“It’s gotten so much easier to reach mass markets and test out ideas. This is something that’s becoming accessible to anyone with an idea.” – Bo Fishback, Vice President of Entrepreneurship, Ewing Marion Kauffman Foundation

An Entrepreneur is…

Monday, August 3rd, 2009

An entrepreneur is a person who starts his or her own business or enterprise and assumes responsibility for all the risk involved. Basically, the entrepreneur is the brain behind the operation and the one in charge, but he or she is also the person held accountable for the business venture’s success or failure.

A Venture Capitalist is…

Tuesday, June 30th, 2009

A venture capitalist is someone who provides funding for high earning-potential companies.  It can be early, mid, or late stage investing. For instance, if you have a new and cool idea for a company but you do not have the money to start it, you could pitch your idea to a venture capitalist and hopefully attain early-stage financing.