Below is a brief but excellent video on Harvard Business School graduate Dal LaMagna, founder of Tweezerman.com. After graduating HBS with a huge student debt load, LaMagna decided becoming an employee would take too long to pay off the debt. Thus, LaMagna decided to build his own business on the cheap (not only on the cheap but with a six figure debt load!). LaMagna managed to create a novel brand out of a very familiar yet unpopularized product. In the video below LaMagna explains how to stay organized, focused, and frugal.
Below is a very interesting link to a recent New York Times
article that lists all the new members of Congress who are small business owners. From pizza restaurants to air conditioning companies to bug control to aerospace, their various ventures are all over the place. It seems as though a trend is taking place in which more business owners are becoming members of Congress. Per the article, last Tuesday’s election is sending 33 small business owners to Congress (in 2008 there were 11) . So if you want to run for Congress learn to run a business first. The article also gives detailed information on the specific operations of each business these members of congress members own and occasionally gives a short biography.
Read the article HERE .
Rob Dyrdek grew up in Ohio (not the typical skateboarding Mecca), and after discovering the skateboard became ingrained in the small but passionate local skate scene. Quickly becoming a pro, he moved to San Diego to engulf himself in the real skateboarding Mecca at the time, San Diego, and received lucrative sponsorships.
Most interesting about Rob’s rise to wealth is that during his early career he would negotiate a small equity stake in his sponsors (similar to Jay Z’s approach when dealing with interested record labels). After this, Rob began to branch out his business enterprise but was unsuccessful in his first few ventures, one of which was a skateboarding retail store (similar to Mark Cuban’s first few ventures failing).
In this video below from Inc., Dyrdek describes his upbringing, and also some of the important lessons he learned while pursuing different business opportunities.
One of the first ventures to really burst Rob’s popularity and exposure was [Read more...]
Below is a link to a very informative article published recently in the Wall Street Journal that a friend emailed to me. There is some very detailed information, and it can be especially helpful for anyone interested in gaining information before learning how to invest in emerging markets (or maybe you just got that job offer to work in Brazil and are still undecided!!). Either way, this is definitely an article worth checking out. Click HERE .
Biography’s profile of Tyler Perry. The title pretty much says it all. In my opinion this is one of the best videos Biography has done simply because Perry’s perseverance is so astounding. He had to deal with a physically abusive father and later became broke, living in his car (Just like Robert Kiyosaki).
All this misery happened before Perry even started producing plays (which is what ultimately amassed his wealth). Even when Perry began producing plays he never made a profit for seven years.
He took odd jobs like being a car salesman or a bill collector in efforts to finance his productions, which would all fail. Perry eventually became so depressed he considered suicide. Taking refuge in his religious believes, Perry decided he would produce one last play, and if it failed he would give up his passion completely.
Most interesting is that on Perry’s final play he used different marketing efforts. Perry included [Read more...]
With everyone being in debt these days it must be nice to be the CEO of American Express. Ken Chenault’s post however is well deserved. Below is a great interview in which Chenault describes the ways he defines and teaches leadership, and also offers detailed guidelines on how to “stay liquid” in business. Towards the end of the video, Chenault also gives some anecdotes on decisions he made which reflect his business ethics/values (for example Amex keeping their dividend).
Some interesting facts on Chenault:
-One of the first African American CEO’s of a Fortune [Read more...]
Harvard Business School professor William Sahlman gives an entertaining and informational presentation on Opportunity Recognition and Leveraging One’s Experience. Very interesting to hear him describe opportunities no one would ever consider, like creating a profitable business in electric candy. This guy knows what he is talking about, having received an MBA and also a PHD in Business Economics both from Harvard.
More of these videos from Stanford University’s Entrepreneurship Corner can be found HERE .
Shortly after losing a bid for MGM, Carl Icahn is back at it again. In the MGM deal he was battling against Spyglass chiefs Gary Barber and Roger Birnbaum. This time he goes up against heavyweights The Blackstone Group for Dynegy. Carl is always ready for a good hostile takeover, and his story is an interesting one. Before he started his firm Icahn & Co in 1968, supposedly he originally wanted to be an opera singer, and also attended 3 years of medical school (so don’t feel bad if you’re feeling off path). He also got a degree in Philosophy from Princeton (so Economics is not the end all be all for Wall St.).
Above is an excellent in depth biography video from 60 minutes which [Read more...]