Economy Holding Some Young Entrepreneurs Back
December 4, 2011 by Angela Shupe | News
Orlando Sentinel:
The survey, funded by the Ewing Marion Kauffman Foundation, found that more than half of the Millennial generation — those ages 18 to 34 — want to start a business or have already started one. But 38 percent of young adults say they have delayed starting a business because of the economy, the survey found.
“This poll reveals a generation that is enthusiastic about entrepreneurship, and that is good news for the U.S.,” said Carl Schramm, president and chief executive officer of the Kauffman Foundation, “Fifty-four percent of the nation’s Millennials either want to start a business or already have started one. They recognize that entrepreneurship is the key to reviving the economy.”
Maybe they should see the infographic Dane recently posted about successful companies that started during a recession?
Photo by Ashley Webb
1 Comment
Tags: Recession, Statistics
Things To Do For Your Biz In December
December 4, 2011 by Angela Shupe | News
This time of year can be very hectic for some entrepreneurs, but its an important time if you want to save any money during tax time too. USA Today has some “must do” items you should consider before the new year.
Reduce your taxes.
The basic rule is accelerate expenses, delay income. In other words, you want to do whatever you legally can to lower your total profits for the 2011 taxable year.
Set up a qualified retirement account.
Many plans need to be established by Dec. 31 though you don’t have to put money in them until April 15.
Update systems.
The beginning of a year is a natural, and ideal, time to put new back-office operating systems in place. It’s great to start fresh on Jan. 1, and it also makes record keeping far easier if you change when the calendar year changes.
Photo by sunshinecity
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Tags: Advice, Taxes
Pint Sized Entrepreneur Sells Marbles
December 4, 2011 by Angela Shupe | News
EurWeb:
Eight-year-old Harli Jordean, who has been obsessed with marbles since he was six, turned his love for the shiny orbs into a bonafied business at 500 bucks a pop.
It was Harli’s obsession with marbles that led him to the web, but he was disappointed to find that there was only a limited selection of his beloved toy.
That’s when the budding business mogul got the idea to start his own website.
Marble King is now bringing in thousands of dollars per year, with orders rolling in from as far as the U. S.
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Tags: Ecommerce, Internet, Kids, UK
Niche Biz: The Shower Powered Radio
December 2, 2011 by Angela Shupe | Inventions
The Telegraph:
The H20 water-powered radio clips onto the water pipe that runs up to a shower head. Using micro turbine technology, the radio is powered by the water pressure running up a pipe.
“The radio runs on energy generated solely through the flow of water, starting as the shower is turned on. It harnesses power that would otherwise literally go straight down the drain,” said a spokesman for Tango Group, the radio’s manufacturer.
The H20 was invented by Vivian Black, a former director of Freeplay Energy Group, which helped turn Trevor Baylis’s Wind-UP Radio into a commercial success in the 1990s.
“Creating the now-patented micro turbine technology, that allows the radio to operate solely through the flow of water, was the key to our new innovation; and thus the world’s first water-powered shower radio was created.”
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Tags: Niche, Radio, Water Power
Gift Ideas For Women In Business
December 2, 2011 by Angela Shupe | News
December is finally here, and it is time to buy gifts for everyone on your list. Do you know what to get the female entrepreneur in your life? Forbes has a few ideas to help you out.
A fashionable bag, tote or briefcase
I remember hearing a stylist telling a group of women in business that “image is everything.” I don’t know if it is everything but, going to a meeting or networking event looking polished and professional is important if you want to be taken seriously as a success-oriented businesswoman.
Up-to-date computer software
It’s important to have good accounting software, powerful anti-virus software and easy to use software for contact management.
An ebook reader
The Kindle, the Nook, the iPad and other E-Readers are lightweight enough to carry in a business tote and easy enough to use anywhere. Will an E-Reader ever fully replace holding a physical book in your hand? Maybe not but, portability and the ability to store hundreds of digital books and periodicals are a big draw for many on-the-go businesswomen.
Photos by Selena N. B. H., Tarek Siala, and Courtney Boyd Myers
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Tags: Gift Ideas, Women
