YOUR FRIENDS' ACTIVITY

    Blog Posts by Adrienne Burke

    • Live Stream Small Business Week to Hear Angie Hicks, Jack Dorsey, Fran Tarkenton

      Angie's List founder Angie Hicks is among Small Business Week speakers whose talks will be livestreamed.

      During the 50th annual National Small Business Week, the US Small Business Administration will offer tips, tools, and training on a variety of topics for small business owners. Register to attend live, or stay home and watch it all on your computer screen June 17-21.

      At live events five days next week in Seattle, Dallas, St. Louis, Pittsburgh, and finally Washington, registered participants can attend workshops on topics including how to start a business, exporting, going global, blogging, cyber security, finding capital, supplier diversity, social media, crowdsourcing, small business certifications, and the Affordable Care Act.

      But you don’t need to register or even leave your shop, office, or home to glean all the same information online. All events will be live-streamed at the SBA Small Business Week website.

      SBA will also host daily online Google+ Hangout panel discussions with leading small business vendors and supporters Monday-Thursday starting at 4:00 pm EDT. Participants in

      Read More »from Live Stream Small Business Week to Hear Angie Hicks, Jack Dorsey, Fran Tarkenton
    • Teen Entrepreneurs Take on Avon

      Brea (l) and Halle Holmes founders and CEOs of Sweet Dream Girlz

      Halle Holmes was 10 years old in 2010 when she came home empty-handed and aggravated after a trip to the local mall. As hostess of an upcoming spa party, she had her heart set on finding all-natural beauty products in fun fragrances that her girlfriends would like and her sensitive skin could tolerate.

      “We didn’t want to smell like lavender and sweet pea. We wanted something youthful smelling,” she says. Downright indignant that no such product existed, Halle says she turned to her teenage sister Brea and said, “Why don’t we start our own?”

      As the saying goes, necessity is the mother of invention. The Holmes sisters began researching their idea online, tapped their family dermatologist for advice, and sent their mom out to investigate a few cosmetics manufacturers they identified.

      With $6,000 in startup funding from their parents, Halle and Brea officially launched their beauty products business the same year. Named Sweet Dream Girlz for a favorite Beyonce song, the Holmes’ line of

      Read More »from Teen Entrepreneurs Take on Avon
    • Datamining isn’t just for Big Brother and big businesses

      Housekeepers, exterminators, landscapers, and other small enterprises that make house calls might not seem like candidates for sophisticated data gathering and analysis efforts. But Jeff Annis says he’s “leveraging the microchip” to run his pest control company, Advanced Services in Augusta, Ga., more efficiently than ever. Mining their own data is enabling Annis and other small business owners to serve more customers and generate more revenue with fewer staff.

      By employing software to analyze and re-direct the routes that his technicians drive, for instance, Annis says he saved about 1,000 gallons of gas in one quarter. It added up to far more than a $4-per-gallon savings: “Our average vehicle is getting 20 miles per gallon. That’s 20,000 miles we didn’t drive at 40 miles per hour. And that’s around 500 hours of labor driving around from house to house that we saved,” Annis says. “If you think about all the ramifications of that, it’s time, rubber, risk to the driver, and wear and

      Read More »from Datamining isn’t just for Big Brother and big businesses
    • How investing his 401k savings in whiskey made an entrepreneur millions

      Dry Fly Distilling owners Don Poffenroth (r) and Kent Fleischmann

      Dry Fly Distilling owners Don Poffenroth (r) and Kent Fleischmann

      At age 44 Don Poffenroth made what some, including his wife, would consider a dubious decision. He invested all of his 401k retirement savings in shares of the startup business Dry Fly Distilling. But seven years later, he has no regrets. Dry Fly is an award-winning microdistillery with 5 employees and $2 million in annual sales.

      “My retirement savings is way, way better off than if it had sat where it was for the same time. I’m millions of dollars ahead of the equation,” he says.

      What gave Poffenroth such faith in that particular Spokane, Wash., spirits maker? He owns it.

      Rolling your 401k savings into a plan that invests solely in your own privately held corporation is a strategy some say has numerous benefits. “We had the ability to go to a bank and we had potential investors,” Poffenroth says, “but this made it so the money was cheaper, and we didn’t have anybody breathing down our necks. It allowed us to take our time with no immediate payments to the bank or returns to the

      Read More »from How investing his 401k savings in whiskey made an entrepreneur millions
    • Small biz growth streak suffers a reversal

      Small business’s five-month hiring streak ended in May. Small employers reported an average gain of -0.04 workers per firm last month, according to the National Federation of Independent Businesses. In April, small businesses saw an average increase of 0.14 employees per firm, which was the fifth consecutive month of growth reported by NFIB.

      NFIB’s chief economist, William Dunkelberg, says small business growth “can’t seem to maintain any steam,” and he points to Washington for the reasons why.

      "Owners are still quite pessimistic about economic recovery, though far less so than six months ago,” Dunkelberg says in a statement previewing NFIB’s May jobs survey—to be published in full on June 11. “It will take a marked improvement in sales to convince them to hire more workers and prospects for that are not good."

      NFIB’s survey reveals that most small employers made no staff-size changes over the past few months, 12 percent cut an average of 3 workers and only 9 percent added an average

      Read More »from Small biz growth streak suffers a reversal
    • How a 15-year-old entrepreneur got her product into Nordstrom

      Fish Flops founder Madison Robinson meets one of her Nordstrom customers

      She launched her business two years ago, but Houston teenager Madison Robinson has yet to face something most new entrepreneurs do: rejection. Every store buyer she has approached has placed an order for her Fish Flops for Kids shoe brand.

      Robinson came up with the idea for her sea-creature-adorned flip-flops with battery-operated lights when she was just 8, living at the beach in Galveston Island, Tex. Her dad Dan, a former banker turned t-shirt designer, helped her turn her drawings into a product and get samples made. More than 30 stores placed orders the first time they exhibited at a trade show, so he hired an overseas manufacturer and started shipping in May 2011.

      Launched with “friends and family” financing, the enterprise is already profitable, the elder Robinson says. The shoes now sell online, in various retail boutiques, and at 60 Nordstrom stores nationwide for around $20 a pair. They’re also coming soon to FlipFlopShops.com, and Macy’s buyers in New York recently asked

      Read More »from How a 15-year-old entrepreneur got her product into Nordstrom
    • From $250,000 debt to $40 million sales: A small biz survival story

      CampusBookRentals founder and CEO Alan Martin

      In the years after racking up $250,000 in credit card debt to launch his startup, Alan Martin hit a couple of obstacles that he says “should have sunk us.” But his company, CampusBookRentals, survived and now, five years in business, projects 2013 sales of $40 million.

      His experience is a cautionary tale for any would-be business owner.

      Martin conceived his business idea while working his way through graduate school as a civilian contracts negotiator for the U.S. Air Force. Textbooks for his management classes were expensive, so he bought them used online, and sold them again at semester’s end. It occurred to him, he says, “I’m selling every book online for what I bought it for. If I could rent them out in between, it could be a cool service for students.”

      His wife, some friends, and he began saving credit card offers and set up shop in his Ogden, Utah, basement with a quarter million dollars in cash advances. He quit his job and the master’s degree program to build the company in phases:

      Read More »from From $250,000 debt to $40 million sales: A small biz survival story
    • Rags-to-riches beach reading: the Barefoot Wine story

      Barefoot Wine founders Bonnie Harvey and Michael Houlihan

      Looking for a good book to get lost in this Memorial Day weekend? The Barefoot Spirit is an entertaining rags-to-riches story of American entrepreneurship. Released this week, the paperback has already climbed to the top of the Amazon bestsellers list.

      It’s the first-hand tale of California rule breakers Michael Houlihan and Bonnie Harvey, founders of the country’s top-selling wine brand. The couple conceived Barefoot Cellars in 1986, three years after they met in a Santa Rosa blues bar. They sold the business to E&J Gallo in 2005 for an undisclosed price that they say left them “satisfied.”

      Barefoot is famous for having rejected winemaking snobbery. Their colorful, plain-English labels marketed wine more like beer—a fun, not stuffy, beverage—with the slogan “get Barefoot and have a great time!” And by leaving the vintage and appellation, or grape harvest year and region, off their labels, the producer was free to blend a taste that was consistent year to year.

      Harvey says, “You shouldn’t

      Read More »from Rags-to-riches beach reading: the Barefoot Wine story
    • Fun beach reading for small business inspiration

      The founders of Barefoot Wine spent 19 years transforming their industry before selling the brand to E&J Gallo in 2005. Today, Michael Houlihan and Bonnie Harvey share their marketing and business savvy with other entrepreneurs and the nonprofit causes they support. (See our main story "Rags-to-riches beach reading: the Barefoot wine story.")

      Their book The Barefoot Spirit: How Hardship, Hustle, and Heart Built America’s #1 Wine Brand, released this week, is such an entertaining read that you won’t notice you’re digesting practical advice for anyone with a dream of business success.

      Yahoo! Small Business spoke with Houlihan and Harvey by phone from their Sonoma County home about how the “Barefoot spirit” and their experiences translate to other businesses.

      Yahoo! Small Business: What is "the Barefoot spirit?"

      Houlihan: Our book is really about the fundamental guiding principles we subscribed to that enabled us to overcome insurmountable challenges—not just with our business but in the

      Read More »from Fun beach reading for small business inspiration
    • Which businesses default on loans most? Surprising data

      When it comes to borrowing money, Vidur Dhanda says small businesses are not as risky as the banks think they are, and he has two terabytes of data to prove it.

      A data-modeling expert and long-time financial industry consultant, Dhanda began three years ago aggregating data points on nearly all U.S. businesses. He licensed several proprietary databases, tapped the U.S. Census and Bureau of Labor Statistics, and wrote algorithms to chart businesses' defaults on a wide range of debts such as credit cards, vehicle and equipment leases, loans, and lines of credit.

      Today, his company WAIN Street, named for its mission to bring Wall Street-style analysis to Main Street, publishes a monthly index that reports how well 18 million businesses in a variety of sectors and geographic regions are meeting their financial obligations. The WAIN Street Business Default Index is a unique barometer of the U.S. economy. And Dhanda says the data show that small businesses are far more reliable than big ones

      Read More »from Which businesses default on loans most? Surprising data

    Pagination

    (203 Stories)
    Loading...

    Friend's Activity