September 26, 2014

 

Although summer is fading, ice cream season remains in full swing for millions of sweet-toothed Americans. Last year consumers in the U.S. bought $13.7 billion worth of the dessert, an enormous number that doesn’t even include restaurant sales. And according to a recent study, 40 percent of Americans will eat ice cream in any given two-week period. Nevertheless, on the whole people consume a lot less of the cold stuff than they did 25 years ago. Back in 1989 Continue reading

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September 6, 2014

Nobody likes to wait in line for the bathroom, but sometimes that’s just the way things are at big, busy venues like stadiums and airports. Entrepreneur Allen Klevens couldn’t accept this fact of life, however, and set out to fix it with his new product Tooshlights. These small beacons rest at the top of a bathroom stall door and glow red if the space is occupied or green if it’s free. Klevens hopes this clever stop-and-go system will drastically speed Continue reading

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September 1, 2014

An entrepreneurial incubator in California’s Folsom Prison teaches inmates business skills that can help them adjust to life after release.

 

Questions:

  1. Why are programs like the Last Mile important good for society?
  1. What message did inmate Trevor Bird offer that’s important to remember?

From CNN Money

 

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August 19, 2014

 

When Howard Schultz first joined Starbucks as marketing director in 1982, the small Seattle company made most of its money selling coffee-making equipment. Once Schultz landed the CEO position, however, matters changed drastically. Looking to bring the European café experience to American shores, Schultz transformed the regional chain into an international behemoth within two decades.

Starbucks changed again when Schultz stepped down as CEO in 2000. After a rapid expansion saw the company grow to more than 15,000 stores Continue reading

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July 31, 2014

Led Zeppelin’s 1971 epic “Stairway to Heaven” is widely regarded by music critics as one of the greatest rock songs of all time. It’s also been one of the most profitable. Clocking in at nearly eight minutes long, the band refused to release the song as a single, which forced fans to shell out more cash to buy the album it appeared on. When coupled with the song’s substantial royalties from radio play, “Stairway to Heaven” has earned at least Continue reading

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July 28, 2014

As people become more skeptical of the ways science intrudes on the content of their food, controversial products like genetically modified crops face increasing opposition. That’s bad news for AquaBounty Technologies, a company that has been producing genetically modified salmon for more than 20 years. Called the AquAdvantage, the fish reach market size in two years rather than three. In order to engineer the salmon, scientists combine the gene of a large Chinook salmon with a gene from a fast-growing Continue reading

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July 25, 2014

 

loliwareFor many entrepreneurs, the best ideas come around when you least expect it. That’s what happened to Chelsea Briganti and Leigh Ann Tucker after they graduated from New York’s Parsons The New School for Design in 2010. In an effort to expand their portfolios, the pair of young designers entered a number of product creation competitions. At one event centered on Jell-O, Briganti and Tucker designed an edible drinking glass using agar, a seaweed-based gelatin that is odorless and Continue reading

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July 15, 2014

The online, indie-driven craft store Etsy is giving their users a chance to sell their wares wholesale to retail outlets.

 

http://nyti.ms/1jFBb61

 

Questions:

  1. What are the major benefits of using Etsy to a firm like Worley’s Lighting?
  1. Do entrepreneurs like Shelli Worley often turn their hobbies into businesses?

From The New York Times

 

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Advancements in technology have allowed entrepreneurs to experiment with radical new ideas that wouldn’t have been possible even a few years ago. However, often these innovations end up disrupting established businesses that have operated the same way for years. The latest example of this phenomenon can be seen with the new wave of “ridesharing” companies like Uber, Lyft and Sidecar. Although these startups have made a splash with young, tech-enabled consumers, taxi companies and local governments don’t share the same Continue reading

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This New Jersey pinball wizard is trying to modernize an old arcade favorite.

http://youtu.be/FnKKoaMNxw4

 

Questions:

  1. What’s important characteristic about their customers must pinball machines manufacturers keep in mind?
  1. Will pinball manufacturers like Jersey Jack be able to expand their market?

From CNN Money

 

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