Entrepreneurship & Small Business

Love him or hate him, Floyd "Money" Mayweather, Jr. is the champ. With a perfect record of 43-0, he's the highest paid athlete in the world having earned over $200 million in the ring. In Saturday's pay-per-view bout, he made a cool $32 million; putting his total purse from the last three fights over $100 million. Floyd is considered one of the greatest fighters of all time.

“We measure ourselves by what are we doing new, versus what we are doing well,” a client told me recently.

It is safe to say that most business organizations were launched by one or more people with a strong entrepreneurial spirit. The word “entrepreneur” is borrowed from the French, and describes a person who is willing to take risks, who makes money through his or her own initiative and creative problem-solving skills. The entrepreneur is ready to take full responsibility for the outcome of the opportunities he explores.

In 2008, we almost lost our opportunity to enjoy Starbucks coffee and the ambience of its stores. The stock had plunged by 65 percent, and same-store sales had dropped dramatically.

Wild Flour Bakery & Café will expand into the organic bread business by opening a new production and retail facility in East Troy.

Wisconsin banks have increased their small business lending by $16.9 million since receiving capital through Small Business Lending Fund (SBLF), according to a new report by the U.S. Department of the Treasury.

Qualifying! It's probably the most under-valued and under-performed activity in sales. If almost any sales organization were to double its effectiveness at qualifying – which is painfully easy to achieve – it would deliver at least 10 percent to its bottom line overnight.