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Today in Entrepreneurial History: February 5 - 1869 ? The largest alluvial gold nugget in history, called the “Welcome Stranger”, is found in Moliagul, Victoria, Australia. 1909 ? Belgian chemist Leo Baekeland announces the creation of Bakelite, the world’s first synthetic plastic. 1924 ? The Royal Greenwich Observatory begins broadcasting the hourly time signals known as the Greenwich Time Signal or the [ ]...
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New Trend: Stand-Up Meetings - WSJ: Atomic Object, a Grand Rapids, Mich., software-development firm, holds company meetings first thing in the morning. Employees follow strict rules: Attendance is mandatory, nonwork chitchat is kept to a minimum and, above all, everyone has to stand up. Stand-up meetings are part of a fast-moving tech culture in which sitting has become synonymous with [ ]...
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Watch Out For Fake Facebook Stock - If you do construction work on someone’s home and they offer to pay you in Facebook stock — before the IPO — it might not be a good idea to accept it in lieu of cash, as one Wisconsin man learned last week. Marianne Oleson, 46, made her initial appearance in Winnebago County court Wednesday [ ]...
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Video: Augmented Reality Business Card - Maybe there is a future for the lowly business card after all. PSFK: Advertising agency JWT London has used image-recognition app Blippar to create a unique and innovative new business card that lets people view their showreel and receive directions to their office. Video below....
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How To Find Your Luggage in a Sea of Black Suitcases: Coverlugg - Next up in our series of interviews with Walmart’s Get on the Shelf contestants is Greg Sanchez, inventor of the Coverlugg. What product did you submit to Walmart’s Get on the Shelf contest? Our product is called Coverlugg. It is a unique neoprene cover that simply slides over the top of your existing luggage that [ ]...
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Japanese Entrepreneurs Dream Of Silicon Valley - Manufacturing.net: Small but growing numbers of Japanese entrepreneurs are jumping into the startup scene in northern California, particularly since the earthquake and tsunami last March. They include Naoki Shibata, who took the plunge by giving up the sort of life many Japanese in past decades spent their lives trying to attain. Only 30, Shibata had [ ]...
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Little Cloud Nine Travel Pillow - Next up in our series of interviews with contestants in Walmart’s Get on the Shelf contest is Steve Diemer, inventor of Little Cloud Nine travel pillow. What product did you submit to Walmart?s Get on the Shelf contest? My product is called Little Cloud Nine. Where?d the idea come from? My wife and I travel [ ]...
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Business Plan Competitions Revamped - I’m glad to see that some business plan competitions are focusing more on the business and less on the plan. WSJ: Less planning, more legwork. That’s the formula some business schools are using to overhaul the competitions they conduct each year to test their students’ mettle as entrepreneurs. The contests, which have been an academic [ ]...
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Today in Entrepreneurial History: February 3 - On this date in 1637, Tulip mania collapsed in the United Provinces (now the Netherlands) as sellers could no longer find buyers for their bulb contracts. What was tulip mania, you ask? Tulip mania was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily [ ]...
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Small Biz Optimism At Three Year High - Fox Business: Three out of four (75 percent) small-business owners in the U.S. are confident about the future of their businesses, a new economic report shows. This is the highest level of small-business optimism in this country in the past three years and a jump from 64 percent of owners giving future prospects a thumbs-up [ ]...
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Spin Mail: The Mailbox That Pivots - Ever wonder about your safety while stepping out on the side of a busy road to remove your mail from the mailbox? Spin Mail has created a simple solution by making it easy for you to turn your mailbox around to face you, without you having to step out near traffic. Reed Holmes of Chester, [ ]...
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Rumor: Amazon.com Retail Stores Coming? - I’ve said before that this rumor from Jason Calacanis seems like the direction retail is heading: The store could just be a showroom with display units of appliances and “geniuses” running around showing you the top 25 vacuums in action. Or the top 10 juicers actually making juice. It could be Consumer Reports meets the [ ]...
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Super Bowl Sunday: It?s About the Food - Super Bowl Sunday is now the nation’s second-biggest “food holiday,” trailing only Thanksgiving; and according to a press release put out by the National Restaurant Association, more than 48 million Americans will order takeout or delivery food from a restaurant during the game. Wow! The National Restaurant Association estimates that 48 million Americans will order [ ]...
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Sell Boring Stuff: People Need It - Every day my inbox is full of people with over-the-top business ideas. Someone always wants to know if I think their business will fly. Some of them will work, for sure, but here’s an idea: instead of trying to figure out what flashy, hip, and cutting edge business to create, why not just start something [ ]...
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The Accidental Business Consultant, or Not - The following is a guest post by Karl Walinskas. Question: What is the quickest growing industry in the United States today? Answer: Private Consulting Not only are there more small businesses than at any time in American history developing, but an ever increasing number of those companies are that of private consultants. Why is this? [ ]...
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Rinse Ace Sink Baby Rinser - Next up in our series of interview with the Walmart’s Get on the Shelf contestants is with Patty Mueller, CEO President of Idea Factory, Inc. and the creator of the Rinse Ace Sink Baby Rinser. What product did you submit to Walmart’s Get on the Shelf contest? Rinse Ace® Sink Baby Rinser Where’d the idea [ ]...
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Shark Tank is Good, Even If You Don?t Get Funded - Speaking of the Shark Tank, Nashville chef Shawn Davis was on the show last year asking for a $200,000 investment for 40% of his company that made shrimp hamburgers. Well the sharks weren’t biting that night, but Davis wasn’t concerned. After all, all publicity is good publicity: His wife and daughter were crushed when he [ ]...
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Niche Restaurants: Mac & Cheese - Homeroom is a “macaroni and cheese restaurant” in Oakland, California. Homeroom specializes in macaroni and cheese made with artisanal cheeses from local cheesemakers, but we?re much more than a mac and cheese shop. We also carry nostalgic treats like homemade oreos and peanut butter pie, tasty veggie sides, homemade soups and a great selection of [ ]...
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Shark Tank Season 3 - Shark Tank is back for a third season on ABC in the United States. I haven’t had an opportunity to sit down with the first two episodes yet, but I will review them after I get the chance. What have you thought of them and of the entrepreneurs and their ideas so far? If you [ ]...
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Small Biz Brings Angry Birds for Babies - CNN Money: A small Seattle-based company hit it big after snagging the first-ever license to make Angry Birds baby products. SwaddleDesigns, a company started by husband-and-wife team Jeff and Lynette Damir, sealed the deal with Angry Birds creator Rovio Entertainment last year. The company will be rolling out a line of baby clothes bearing the [ ]...
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Self-Publishing Your Own Book is the New Business Card - Following up on my posts last week about business cards, according to James Altucher, if you self publish your own book, you’ll stand out against those with only business cards and you’ll make more money: If you?ve just given someone your business card then you failed. If you have a business card you might be [ ]...
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The Treehouse B&B - In this 17-minute documentary, Michael Garnier, proprietor of the Out’n’About Treehouse Resort in Oregon talks about his tree house business. His bed and breakfast contains the largest concentration of tree houses in the world. He didn’t always build tree houses. In fact, as an Oregon-hippy, he started out trying to make money with his organic, [ ]...
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Today in Entrepreneurial History: February 2 - 1653 ? New Amsterdam (later renamed The City of New York) is incorporated. 1848 ? California Gold Rush: The first ship with Chinese immigrants arrives in San Francisco, California. 1876 ? The National League of Professional Baseball Clubs of Major League Baseball is formed. 1887 ? In Punxsutawney, Pennsylvania the first Groundhog Day is observed. [ ]...
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Parenting Advice That Works In Business - Who wants to learn the same lesson twice? Forbes has a list of advice that works for parents and entrepreneurs alike. Don?t lose sight of who you are. The experience of owning and running a business can be all-consuming ? and so too can having a child. But be careful; don?t relinquish all of your [ ]...
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Boy Scouts of America and Edison Nation?s Innovation Challenge - The Boy Scouts of America and Edison Nation have come together to challenge kids between the ages of 7 to 21 years old to participate in the Boy Scouts of America Innovation Challenge. The Innovation Challenge is looking to today’s kids to develop tomorrow’s products. Whether the invention solves a problem around the house, the [ ]...
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