One of the most common pieces of advice in entrepreneurship is to diversify. Launch multiple businesses. Find partners. Expand into new industries as quickly as possible. Mike Clum chose a different path. Instead of becoming a serial entrepreneur or building a collection of companies, Clum…
Every important decision carries a hidden danger. It’s not the possibility that the decision might be wrong. It’s the possibility that the decision was right when it was made, but the conditions that justified it no longer exist. History offers countless examples. Organizations continue following…
Launching a food business is exciting, but that enthusiasm often collides with the harsh reality of staggering up-front capital requirements. Buying commercial kitchen equipment has long felt like an unavoidable rite of passage. Smart entrepreneurs now recognize a different truth. Owning rapidly depreciating assets drains…
In 2015, a civil engineer and an intellectual property lawyer who happened to be roommates started selling office chairs out of a garage. Neither Obada Mzaik nor Kamal Haykal came from furniture. What they shared was a hunch: that the real opportunity in office seating…
At age 19, Tess Finkle dropped out of college. Three years later, at 22, she started a public relations agency in Hollywood without investors, industry connections, or a safety net. Her first client was Angela Kinsey, who played Angela Martin on “The Office.” In those…
