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Entrepreneurs Who Cash Out Look for Meaningful Second Acts

Originally posted on New York Times by Darren Dahl In 2009, Jonathan Carson and his business partner, Eric Kurtzman, sold their company, KCC, for more than $100 million. They both signed three-year contracts to continue managing the business, a web platform based in Los Angeles that was meant to make the process of restructuring through Chapter 11 bankruptcy more efficient. But after his contract expired in 2012, Mr. Carson found it difficult to continue an entrepreneurial approach within the confines of a large public company, and he decided to move on. What happened next surprised him: He began to realize how much of his identity was wrapped up in being a business owner. While he used to be away...
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When Plan to Help Others Sell in China Fails, a Start-Up Changes Tack

Originally posted on New York Times In 2012, Frank Lavin, who had raised $5 million from family and friends, went live with an e-commerce platform, Export Now, that was conceived as an easy, low-cost way for American small businesses to sell their goods in China. The basic pitch: “Sell into China without leaving your desk.” Two years later, the company, based in Akron, Ohio, has 10 employees in the United States and 22 in Shanghai, where it has a warehouse for storing and filling the e-commerce orders of its customer companies, which it shepherds onto Alibaba’s Tmall in China. But Mr. Lavin, 56, a former under secretary for international trade at the United States Commerce Department, concedes that Export...
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Mark Cuban’s 12 rules for startups

Originally posted on Bizjournals by Michael del Castillo, Upstart Business Journal Technology & Innovation Editor   Mark Cuban recently published his thoughts about what it takes to be great in business, boiled down to six fundamental practices. But for startups in particular, Cuban, whose net worth Forbes recently estimated to be $ billion, has a few extra pointers. Illumination Consulting, based in La Jolla, Calif., gathered together those tips in the below infographic.
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Movies for Entrepreneurs: ‘We Are the Dreamers of Dreams’

Originally posted on New York Times by Jay Goltz Last week I shared my admiration for all things “Rocky.” This week, I thought I would finish the job by noting seven other movies that offer insights or inspirations that I have found applicable to business. Movie: “Willy Wonka & the Chocolate Factory” (Gene Wilder Version). Noteworthy scene: Mr. Wonka is giving a tour of the factory, and he stops to show off his lickable wallpaper: “The strawberries taste like strawberries! The snozberries taste like snozberries!” The bratty girl stops him and says, “Snozberries! Who’s ever heard of a snozberry!” He replies,“We are the music makers, and we are the dreamers of dreams.”  Entrepreneurial lesson: It’s about the dream. Entrepreneurs...
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