Businesses have evolved significantly in the past half-century. Technology factors into virtually every industry under the sun, plus increases in consumer choice and VC funding have transformed what it takes for a company to become—and remain—successful. It has never been easier for an agile startup to cut a successful business off at its knees in today’s environment. To thrive, every company—from…
2 Historic Business Flops by Legendary Entrepreneurs Reveal a Poignant Truth About Failure
In this essay, I want to tell readers about two of the last century’s big and fascinating business failures. But first, some related insights. In her 2008 commencement address at Harvard University, “Harry Potter” author J. K. Rowling famously asserted, “It is impossible to live without failing at something, unless you live so cautiously that you might…
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Irvine Named Best Large City in California for New Businesses
Commentary Irvine, Calif. is the best large city in the state to open a new business, according to a new tabulation by financial website WalletHub. WalletHub considered the ecosystem, as local entrepreneurs call it, within 100 cities related to access to resources. It took into account access to financing, venture capital investment per capita, and…