The next wave of entrepreneurs that will drive the small business engine is the millennial generation. They’ll make up approximately 75% of the workforce within the next 10 years and will be the key demographic driving startups and creating new jobs.
talk small, hear small, eat, sleep and breathe small. Because when you’re trying to connect with a small business, you must understand everything about those who run them.
The ecommerce website, Etsy Inc., is advising small businesses to not compromise the quality and sustainability of their product for the sake of expansion. The peer-to-peer trading site allows entrepreneurs to sell vintage or handmade products to enthusiasts around the world, and often frowns upon mass-produced items.
Anoosheh Oskouian left her Iranian home in 1978 at the ripe age of 14. Seeking opportunity and a quality education, she headed for the U.S., where she would soon become the only high school student among her friends with an autonomous lifestyle and an apartment to call her own. Unwillfully stranded in the U.S. by the Iranian Revolution, she set forth to forge a new path out of a rock and a hard place. In 2000, Oskouian started Ship & Shore Environmental, an engineering firm with the goal of helping businesses curb their air pollution. Now a multimillion-dollar operation employing over 100 people internationally, Oskouian’s business and overall career is a testament that turns popular vernacular about the liability of refugees on its head, proving that out of hardship rises ability: to prevail, to contribute and to grow.
One of the largest craft brewers in the US wants to keep the passion going. Stone Brewing CEO and co-founder, Greg Koch, remembers all too well how he felt when he started up in 1996. That’s why he formed True Craft – a $100 million company charged with investing in small craft brewers. Their goal is to help keep these small brewers independent and in charge of their operations – rather than ultimately selling out to the big guys.
The recent Braun Research/Bank of America Report on Small Business indicated that 15% of all new business startup owners are career changers, simply defined as people who want to do something different. A subset of this group are “passion-preneurs”, a word coined in the mid-1970s to describe the small business owners who pursue a commercial endeavor for the love of it. Usually the term applies to someone who strikes out on one’s own, leaving behind them a passionless job. “They’re increasingly turning their backs on the corporate grind to launch businesses that made their hearts sing”, according to the Daily Telegraph.
Motivated to earn money to buy a $400 Lego Star Wars Death Star set, 8-year-old Jack Bonneau approached his father with an idea for starting his own lemonade stand.
While it may seem obvious how small business vendors and big name fast-food chains can drive one another’s success, it is not always clear just how much skin small businesses have in the fast-food game.
Girls Scouts of U.S.A. has teamed up with Dell, using its donated platform to strengthen the role of technology in children’s lives.
According to a recent survey of small business owners, 9% of them are termed “serial entrepreneurs”; that is, this is not their first rodeo. Entrepreneur.com suggests these rare birds have several characteristics in common, including killer time management skills, insatiable curiosity and the ability to use their professional networks strategically.
Virgin Atlantic’s “Virgin StartUp” has assisted British Foodpreneur winners Cauli Rice, Harry Brompton’s Iced Tea and Double Dutch by providing the platform to successfully launch into the international market via US retail giant Target. The brand products are a rice alternative, alcoholic and nonalcoholic tea, and premium soft drinks and mixers, respectively.
According to a 2012 Bank of America survey, 16 percent of small business owners inherited their business from a family member. 30 percent were motivated by the desire to be independent. 15 percent simply wanted to try something new.
In honor of National Women’s Small Business Month, we’re giving a shout out to our very own Veronica Ambuehl who owns Vine Floral Design. V puts her unique designer touch for people and events of all kinds. And for the lucky ones at RT, daily inside the walls of RT. Check out her Facebook page and inhale the beauty.
San Francisco’s Mozzeria isn’t the first neighborhood pizzeria to receive certification from the esteemed Associazione Verace Pizza Napoletana.
But they are revolutionary in that they’re the first pizzeria operated and staffed entirely by deaf employees.
A mother has gone from being an audit specialist to running a biotech company in an effort to help her daughter.
Karen Aiach, founder and CEO of Lysogene, on her journey: “The biggest challenge for me at the beginning was that I was not a scientist or a clinician or gene therapist. I was a mother taking responsibility to build a program and manage it.”