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Wednesday December 1, 2010

These days, more and more part-time entrepreneurs are being born. Starting a business is risky by nature, and leaving your job to launch your dream is the ultimate risk. That's why lots of entrepreneurs start their business ideas while still working at full-time jobs, which is a great way to have your entrepreneurial cake and eat it, too.

Two entrepreneurs, David Lindahl and Jonathan Rozek, have written a book called The Six-Figure Second Income to help part-time entrepreneurs kick-start their independence while mitigating their risk. Here are a couple of the highlights you'll pick up from reading their book.  Read more...

Packing for Paris

Monday November 29, 2010


The airport limo will be here in a few hours and tomorrow morning we'll land in my second favorite place in the world, Paris. Tomorrow is our 25th anniversary. The trip was a surprise for my wife, which I sprung the night before Thanksgiving. (I was going to tell her on the way to the airport but my kids convinced me to give her some notice.)

A quarter century ago, on the day we got married,  I was a corporate executive working for a fast-growing media company. I was too busy (actually, too paranoid) to take off work for a honeymoon. Married Saturday, back to work Monday. In fact, I felt a little guilty for not going into the office Saturday morning. My boss used to say (half-kidding), "If you don't come in on Saturday, don't even bother coming in on Sunday."

Three children followed. The first two were born on Sundays. Baby on Sunday, and I was back to work on Monday. That was my mentality for the next few decades. Many of us who grew up in corporate life in the Eighties and Nineties felt the pressure, the paranoia of career ladders.

I fell off the ladder in 2001. I half-jumped, and was half-pushed. I started my own business ventures. I can't say I felt good about entrepreneurship at the time. Mostly, I felt defeated, exhausted and scared, but tried my best to buck up and make a go of it. The first few years of being in business were pretty miserable. I was working  more than before, making no money and watching my savings evaporate.

But about four years into it, things started to change. I was able to begin paying myself, my businesses were profitable, and I started believing I could do this for the long run.

Since then it's been incredibly fun. The hours are still long, but I set them. I spend almost every night at home, instead of traveling on business, which I hate. I got to see my kids grow up, and they got to see me smiling. We got to be a family the way families are supposed to be.

The money is pretty much back to what it used to be during my corporate days, but that's not the most important part. The most important part is Paris. Not the city itself, but what it represents. Even though we're flying coach, and we don't have any dinner reservations at fancy restaurants, I feel a sense of having earned this trip from the ample profits of our work (my wife is also my business partner).

Entrepreneurship isn't for everyone, and it's not romantic. But Paris sure is. See you in a week

How a Company with No Business Plan Hit $1M in First-Year Sales

Monday November 22, 2010

FootzyRolls

I'm not on the staff of the Transportation Security Administration, but I've been doing some pat-downs of my own lately. Entrepreneurial pat-downs. Of women. From the waist down.

Now that I have your attention: in the past months I've written about two fascinating women-owned entrepreneurial companies: Invisibelt, which makes an invisible belt so women can wear fitted shirts over their jeans without showing a bulky belt bulge; and BootyPop, which makes padded underwear that endows your rear end in a way nature did not. Moving down from there, the other day I interviewed the founders of FootzyRolls, a rollable pair of shoes women carry in their handbags so they can change out of uncomfortable heels anywhere, anytime. Read more...

Death to the Resume!

Thursday November 18, 2010

death to resume

In the Sixties, women burned their bras. In 2011, Scott Gerber wants young people to burn their resumes.

Gerber, Gen Y entrepreneur and author of Never Get a Real Job (Wiley, 2010)  is starting what he calls the "Death to the Resume" movement, which will kick off with a competition in which Gen-Yers send Gerber a video of themselves burning their resume (be careful with matches, kids) and then pitching their new business idea.

Winners will get free coaching with some members of his Young Entrepreneurs Council made up of successful Gen-Y entrepreneurs. Among the Council members that may be judges: Aaron Patzer, founder of Mint.com (acquired by Intuit last year for $170 million); David Hauser, founder of the Grasshopper Group; Nick Friedman of College Hunks Hauling Junk; Matt Mickiewicz, founder of Sitepoint and 99designs.com; Michael Mothner, founder of Wpromote; Jake Nickell, co-founder of Threadless; Neil Patel, founder of KISSmetrics; Ramit Sethi, founder of IWillTeachYouToBeRich.com; Shama Kabani, founder of the Marketing Zen Group; and Dan Schawbel, founder of Millenial Branding.

Gerber sites some sobering statistics as context for his movement:" While the overall unemployment rate in the U.S. was 9.5 percent in June 2010, it was 15.3 percent for those aged 20 to 24. According to the Bureau of Labor Statistics, 51.1% of 16 to 24 year olds were unemployed in July, the highest percentage in the history of record. And according to a recent Pew Research Center study, nearly 40% of 18-29 year olds have been unemployed or underemployed since December 2007."

Given that environment, Gerber is on a mission. "I want to get Gen-Y on the right track so they don't become the lost generation. We're no longer a 'hand-out' society where you work hard, get good grades, graduate college and get a great job. Those days are dead," he said. Gerber plans a rollout of rallies in cities nationwide starting in early 2011 to kick off the movement, bonfires permitting.

So, Gen-Y, keep your bras and other underwear on, fire up that resume, crank the videocam and pitch your business idea. Are you a Gen-Yer who's sick of the Man's system and isn't gonna take it anymore? Leave a comment and tell me what your plan of action is.

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