Mark DeMichaelis’s office couldn’t be more different from his grandfather’s — in part because it exists, but also because it isn’t subterranean. When Giovanni DeMichaelis founded State Garden in 1937, it was a one-man produce business he ran out of the cellar of a dilapidated building on Commercial Street, near the Boston waterfront. More than seven decades and 100 full-time employees later, State Garden remains a family-owned enterprise that, like many of its peers, has retained a strong sense of community engagement even as it grows.
The Latest from FreeEnterprise.com
Clay Mathile has little to prove in the world of business. The Ohio native transformed Iams from a regional pet food company into a global giant, selling it to Procter & Gamble for a cool $2.3 billion in 1999.
But the self-made billionaire wasn’t satisfied with just enjoying his own success. Instead, he’s busy passing on some of his wisdom to the next generation of business leaders.
UPDATE - Elizabeth Holmes now holds the distinction of being both the youngest and the richest self-made female billionaire in the Forbes 400, and at 30 years old, is one of the 11 people on that list under 40.
Elizabeth Holmes took a huge risk when she dropped out of Stanford to start her own company, but it was a risk worth taking.
If you’re self-employed, you may be joining the last-minute rush of individual taxpayers to get their forms in. Entrepreneurs are increasingly forming limited liability companies (LLCs), instead of incorporating, in part due to the tax advantages. So April 15 is tax day for these small business owners.
When Zach Ware first moved to downtown Las Vegas a few years ago, he hired a car service for a week as an experiment.
“I wanted to know, what would life be like if transportation were a sunk cost?” said the 32-year-old founder and CEO of Project 100, a startup aimed at disrupting the way people move in cities.
To mark the last day to buy health insurance under the Affordable Care Act, we thought we would take a look at what lies ahead for our nation’s health. Here are three trends that show promise of a brighter future – and hopefully a few less technical glitches.
Wearable Devices – from Bracelets to Bionics
Gary Milwit may have moved on from a career as an athletic director, coach, and teacher to run a financial firm, but his roots run deep — he’s turned his office into a “sports bar.”
The senior vice president at Stone Street Capital in Bethesda, MD, deployed a cloud-based gamification platform called Hoopla last year to incentivize sales people to record all activities leading up to a deal.
“It’s gold in those hills,” says Gregg Wingo, gesturing toward the Appalachian foothills surrounding his wood-paneled office in southeastern West Virginia.
A modern-day prospector of sorts, Wingo is co-owner of Refrigeration Recycling, a busy operation that breaks down old refrigerators, drains the ozone-depleting Freon, and refurbishes them for reuse. If it’s in bad shape, Wingo’s team strips the unit and sells the metal scrap.
When Melissa Judy’s husband was transferred to the Washington, D.C. area recently, she faced a familiar fear for military spouses— a resume that made her appear as job hopper as she moved from position to position as a result of military transfers.
Thankfully, through Hiring Our Heroes, a program aimed at connecting military veterans and spouses with job opportunities, she was able to find an employer who was supportive of her situation. But, she was one of the lucky ones.
Arun Ravi knows firsthand the importance of early detection for mental health issues. When a close friend of his committed suicide at age 13, Ravi became devoted to making a difference in how mental health issues are treated. Fast forward to 2013 and Mevoked is born. The startup's analytics platform enables parents to track their children's activity online and identify signs of risky behavior.
When you think of an entrepreneur, you probably imagine a techie in T-shirt or turtleneck. Sure, the terms entrepreneur and tech are nearly interchangeable these days. But entrepreneurialism is a mindset, not a job description. The qualities that enterprising Americans bring to the game form the lifeblood of the U.S. economy — things like recognizing value, seizing opportunity, perseverance, and just good old hustle.
Here are a few individuals and companies — in unlikely fields — that have used their entrepreneurial skills to make their businesses thrive.
In 2004, Earl Morse was struggling with unrealized dreams—but not his own, those of his patients.
The retired Air Force Captain was working at a small Department of Veterans Affairs clinic in Springfield, OH as a physician’s assistant. His patients, many of whom were World War II veterans, expressed a desire to go to the then-new memorial in Washington, D.C., but the physical and financial hurdles of the trip were too great.
Creative destruction: it's what drives the economy and remakes the world in unpredictable ways. Often it's the result of a technological breakthrough, such as the telegraph. Sometimes it's a more subtle development, involving the bringing together of disparate elements in new ways, such as the assembly line. What they have in common is entrepreneurial talent, grit, and hard work that get new ways of doing things across the finish line.
Here are five technologies that are remaking the world right now.
How often have you watched a TV show and wanted to look something up about an actor or find out more about a scene while you watch?
So has Zane Vella. As the former software developer sees it, timeline-based metadata is the “missing ingredient” from the consumer viewing experience.
Vella came up with the idea of building a cloud-based platform that would let TV networks and other content providers power interactivity through apps to further engage consumers while they watch shows, movies and commercials.
Herb Kelleher is a colorful guy. The industry revolutionizing, straight talking, Wild Turkey swilling founder of Southwest Airlines is famous for creating his business plan on the back of a cocktail napkin and transforming the airline from three jets to the country’s largest low-fare carrier—with 41 straight years of profitability to boot.
Along the way, he has learned a thing or two about leadership and life. Here are 8 of our favorite Kelleher quotes:
As someone who has spent his career playing the dual role of entrepreneur and financial guru, Bill Harris is the first to caution that launching a startup is a much different game than making a solid investment.