Archive for the ‘Entrepreneurship’ Category

  • How Celebrity Chef and Cookbook Author, Thomas Keller, Parlayed His Dishwashing Days into a Culinary Empire

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    Thomas Keller004 (5-9-05)

    I had just read another of Maria Popova’s fabulous Brain Pickings blog posts – this one on How To Find Meaningful Work or, as she says,  “The art-science of allowing the various petals of our identity to fully unfold,” when I saw this video of Thomas Keller addressing a packed auditorium of Stanford Business School students about how he attributes the lessons he learned as a dishwasher to his success.

    Keller’s mother managed several restaurants and, as a young boy he spent a lot of hours in those restaurants, beginning as a dishwasher. He says that early experience was formative because, as a dishwasher, he needed to be:

    1. Organized, efficient, attentive to detail. How he loaded the machine counted as much as how he unloaded it: the dishes, glasses and silverware had to be loaded a certain way to get them cleanest and unloaded efficiently. Feedback was instantaneous: things were either clean or not, and he could not afford for them not to be clean on his watch.

    2. Part of a team: everyone relied on him to get their plates, glasses and silverware clean. 

    3. Aware of rituals: loading the washer, emptying it, or sweeping the floor – everything had to be done at a certain time. He equates this today to every aspect of a meal needing to be done at a certain time for the whole to come together.

    4. Purposefully repetitive. He perfected his skills as a dishwasher by doing it over and over again, just as a chef perfects slicing onions by slicing them over and over again.

    Today, Thomas Keller’s culinary empire includes four restaurants and a bakery, cookbooks, wines, a line with Williams Sonoma and now Cup4Cup - a Gluten free flour business.  Keller is the only American-born chef to hold multiple three-star ratings by the Michelin Guide.

    The Thomas Keller Restaurant Group is made up of a family of restaurants that range from the gastronomic experiences of The French Laundry, which actually was a French Steam Laundry dating back to the 1920′s, in Yountville, California and Per Se in New York City to the more relaxed atmosphere of Bouchon Bistro, the family style dishes of Ad Hoc, and the exquisite sweets you’ll discover at Bouchon Bakery.  Each are bound by Keller’s passion to nourish and to provide memorable experiences for every guest that visits.

    To quantify these experiences specifically:

    Gift Cards for French Laundry in Yountville, Ca or Per Se in New York City range from:  Silver at $750-800; Gold at $1550; and Black at $2500 – thankfully each card is for two!

    Ad Hoc, also in Yountville has gift cards from $58 per person.

    Bouchon and Bouchon Bakery, with added locations in Beverly Hills and Las Vegas, from $31 per person per gift.

     

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     I’d say, Keller definitely found what Popov describes as meaningful work by “allowing the petals of his identity to unfold!”

     

     

     

     

     

  • 89-year-old Grandmother Takes on Kickstarter with Happy Canes

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    Photo courtesy of Marc Malkin

    Photo courtesy of Marc Malkin

    While some of us are still trying to figure out the intricacies of crowdfunding, Pearl Malkin, as reported by Parija Kavilanz in CNN Money this week, has, in her almost 9th decade, launched a campaign to raise $3,500 on Kickstarter.com for her first startup. Her business is Happy Canes. She buys old canes at Good Will stores and turns them into snappy walking sticks by decorating them with artificial flowers.

    Pearl is what my grandmother used to call a pistol. Bored with her plain black cane, she decided to glue on a few flowers. It did not take long, Kavilanz reports, for Pearl to branch out, creating different canes to match different outfits. When a close family friend visited, he suggested she turn the canes into a small business. He told Pearl about funding through Kickstarter and selling through Etsy, an online marketplace for handcrafted goods. He set her up on both sites in January, and Happy Canes now sell for $60each on Etsy. Pearl has raised $1,856 from 71 backers so far and, if she gets the full $3500, she wants to hire some helpers to create 10-20 made-to-order Happy Canes a day.

    When Kavilanz asked Pearl, “Why start a business now? The self-proclaimed rebel said, ‘I can’t sit idle and watch boring TV all day long. I want to make people happy, spread a little cheer around and maybe buy some nice shoes again.’”

    Kickstarter, for those not as much in the know as Pearl, is a crowdfunding platform for creative projects – everything from films, games, and music to art, design, and technology. Since Kickstarter’s launch in April, 2009, over $450 million has been pledged by more than 3 million people, funding more than 35,000 creative projects.

    For more startup funding info, check this Forbes Beginners Guide.

    In the meantime, take a peek at Grandma Pearl’s Happy Canes in her Etsy shop.

  • The Holstee Manifesto – Pithy, Poignant and Powerful

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    Screen shot 2013-02-03 at 1.12.53 PM

    We found this manifesto through one of our absolutely most favorite blogs, BrainPickings.org, created by the irrepressibly curious, Maria Popova.

    Behind the Holstee Manifesto is a business launched in the heat of the recession in May 2009. Brothers Mike and Dave and their partner, Fabian  knew they wanted to create more than a business – the trio wanted to create a lifestyle. So the first thing Holstee’s three founders did was sit together and write down exactly what was on their minds. They wanted to create a company that breathes passion into the world everyday. It was to be a reminder of what we live for. The result became known as the Holstee Manifesto and, through all avenues of social media, the manifesto has been viewed over 80,000,000 times to date!

    Screen shot 2013-02-03 at 12.44.40 PM

    Starting in the summer of 2009, they dove head first into the world of design and production. After six months and a huge learning curve, Holstee launched its first line of Recycled Tees made of 100% recycled plastic bottles that were milled, cut and sewn within 150 miles of each other in North Carolina. Starting with this first round, 10% of all sales were lent to entrepreneurs in extreme poverty through non-profit micro-lending organizations like Kiva.org – a tradition they are proud to still embrace.

    Amazed and inspired by the community of individuals who have embraced the Holstee Manifesto as their own, the founders have created this My Life  project to capture, celebrate and share the stories that speak to the truth that life is indeed about the people you meet and the things you create with them.

  • Just Start!

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    Courtesy, TwistedPoly.com

     

    One book and two blog posts I read this week – and another classic tome – hold our entrepreneurial, career shifting toes to the fire – as in stop over assessing, evaluating and planning and Just Start!

    The book, Just Start: Take Action, Embrace Uncertainty, Create the Future, by Len Schlesinger, President, Babson College; organizational learning expert Charles Kiefer; and veteran journalist Paul B. Brown is a stirring, practical pronunciamento. Each author shares his own deep and varied experiences and draws from a source where striving amid constant uncertainty actually works: the world of serial entrepreneurship. In this world, people don’t just think differently—they act differently, as well.

    Their dynamic manifesto begins in the epigraph where they invoke Lao-tzu, the Chinese philsopher’s, “A journey of a thousand miles begins with a single step.” It ends (but is it really an ending if you follow their practicum?) as they capture the essence of the book in 78 pro-active words in the epilogue:

    1. Know what you want.

    2. Take a smart step toward that desire as quickly as you can, that is, act with the means at hand; stay within your acceptable loss and bring others along with you if it makes sense.

    3. Make reality your friend. Accept what is and build off what you find.

    4. Repeat steps two and three until you accomplish your goal or until you decide it is not possible, or you decide you’d rather do something else.

    One of the blog posts I mentioned earlier is The Habit of Starting written by Leo Babauta on his Zen Habits blog. Babauta says, “The biggest reason people fail at creating and sticking to new habits is that they don’t keep doing it. That seems obvious: if you don’t keep doing a habit, it won’t really become a habit. So what’s the solution to this obvious problem? Find a way to keep doing it.

    When you look at it this way, the key to forming a habit is not how much you do of the habit each day (exercise for 30 minutes, write 1,000 words, etc.), but whether you do it at all. So the key is just getting started.”

    The second great blog post is Tim Berry’s What Business to Start? Look in the Mirror.  Berry writes, “So you want to start a business, but don’t know what kind? Sure, you can get a list of franchises or ask the experts what are good businesses to start. That works for some people. Lists of businesses to start are easy to find. My advice, however, is don’t look for a list of good businesses. Don’t ask what the big opportunities are. Get a clue. Go look in the mirror.”

    Last but not least, the “classic tome” is  The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything by Guy Kawasaki. Aimed at entrepreneurs of any age, it is one of the most enlightening and inspiring books I have read on this subject.

  • Do What You Love – Don’t Settle for Second Best

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    Courtesy, webgrrls.com

     

    If you’re 60 years old and just starting a business of your own, this is not the time for you to settle for second best. First, it is not good for your psyche and second, it is not good for your business.

    In this 12 Most Overlooked Essential First Steps For Starting A Business blog post, the first and last steps are all about you.

    The number 1 question is: Ask yourself, “What do I want out of life?”

    And the 12th and final “most overlooked essential” question is: Remind yourself, “Why you are starting this business and what it’s supposed to do for you?”

    You’ve lived and worked a lot of years. Now you’re free to choose what you want to do for the next 20-30 years. Don’t blow the opportunity. Stay focused and don’t compromise.

    Business News Daily had an article, Innovation Begins at Home for Entrepreneurs, that notes one of the best ways to test your entrepreneurial mettle and staying power is to build on something that works for you. It cites a study, released by the Ewing Marion Kauffman Foundation, a nonprofit group that focuses on entrepreneurship and innovation, which found, “Nearly half of innovative startups are founded by user entrepreneurs. These are firms created by entrepreneurs who developed innovative products or services for their own use and then went on to found firms to commercialize them. They leave an outsize mark on the economy; even though they create only 10.7 percent of startups overall, they account for more than 46 percent of innovative startups that have lasted five years or more.

    For more about the you in entrepreneurship, don’t miss this new book The Big Enough Company by Adelaide Lancaster and Amy Abrams. They explore how to grow your enterprise in a way that sustains your own personal goals and needs, not someone else’s standards. Drawing on the true stories of nearly 100 entrepreneurs, as well as their own experiences, the authors guide readers through the best principles that really matter when you work for yourself. This book empowers entrepreneurs to ignore popular “wisdom” and peer pressure to take charge of their businesses in a way that will help them succeed on their own terms.

    Never Lose Sight of the You in “Starting Your Own Business!”

  • Orchestrating Innovation – Old and New

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    Courtesy, Harvard Business Review

     

    This weekend, as I read a preview of Walter Isaacson’s article, “The Real Leadership Lessons of Steve Jobs” the April cover story in the Harvard Business Review, I was struck by the parallels between the culture of creativity Jobs fostered at Apple and that of Mervin Kelly, “the man most responsible for the culture of creativity” at Bell Labs fifty years earlier.

    Jon Gertner, author of the forthcoming “The Idea Factory: Bell Labs and the Great Age of American Innovation,” published an ode to the “Bell Labs’ Miracle” in the NY Times last month. Just for starters, read and compare how these four key lessons of Jobs – “Focus; Simplify; Take Responsibility; and Combine the Humanities with the Sciences” were integral to the Bell Labs’ creative ecosystem.

    Echo, the first communications satellite, in 1960. Courtesy of Alcatel-Lucent USA Inc. and the AT&T Archives and History Center

     

    As Gertner notes: “His [Kelly's] fundamental belief was that an ‘institute of creative technology’ like his own needed a ‘critical mass’ of talented people to foster a busy exchange of ideas. But innovation required much more than that. Mr. Kelly was convinced that physical proximity was everything; phone calls alone wouldn’t do. Quite intentionally, Bell Labs housed thinkers and doers under one roof. Purposefully mixed together on the transistor project were physicists, metallurgists and electrical engineers; side by side were specialists in theory, experimentation and manufacturing. Like an able concert hall conductor, he sought a harmony, and sometimes a tension, between scientific disciplines; between researchers and developers; and between soloists and groups.”

    Indeed, it will take all of us – artists, scientists, politicians, teachers, navigators, cooks, athletes, geeks, oboe players and more – to address the world’s seemingly intractable problems today.  And, once we truly understand this, we need to identify another innovator cut from the same cloth as Jobs and Kelly to lead our orchestra.

     

  • Balancing Work and Life: Stories from the Trenches

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    Stone Sculpture, Willard Beach, Maine

    The challenges can be daunting but they need not be insurmountable. As a wise old soul once said, “Nothing is impossible; the impossible just takes a little longer.”

    A key first step is to identify your priorities. Determine what you want to get out of your work and your personal life, and jettison all the things that don’t help you achieve those goals.

    The second key step is to give yourself time. You can’t expect to achieve this balance overnight. Take small steps and build on each success.

    Help, as in interviews with those who have and have not achieved balance, is available at Stanford University’s e-Corner (Entrepreneurship Corner), a project of Stanford Technology Ventures Program. They have published a collection of videos and podcasts of more than 1800 of Silicon Valley’s most practiced entrepreneurs and thought leaders.

    Check out three of their videos with “perspectives on this frequently elusive pursuit” below:

    Video: Life With an Entrepreneur
    Brad Feld, Foundry Group, TechStars
    5 min. 7 sec.

    Living a “life” while being an entrepreneur can have its challenges, according to entrepreneur and investor Brad Feld. Through a candid story from his own marriage, Feld explains how he has successfully found a way to balance his love of work with his love of family.

     

    Video: Work-Life Balance for Driven People
    Dominic Orr, Aruba Networks
    3 min. 28 sec.

    Dominic Orr, CEO of Aruba Networks, wrestles with the definition of work-life balance for people deeply engaged by their work. Orr recognizes it can be difficult to separate work and life, but that we must still make room for relationships that matter to us. According to Orr, this ultimately comes down to carefully allocating our time and energy.

     

    Video: Failure in Work-Life Balance
    Lisa Lambert, Intel Capital
    2 min. 19 sec.

    “Failure is as much about success as success is,” says Lisa Lambert, vice president at Intel Capital. “In fact, it’s probably a more important part.” Lambert reflects on aspects of her career she wishes she could revisit, including work-life balance. Get practiced in the act of saying no, she advises, and accept that your time and money, and other resources only occur in limited quantities.

     

  • The Power of “Power Posing”

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    Nicole Wallace writing for the Chronicle of Philanthropy described a rather unique presentation at the Pop Tech conference last fall.

    Wallace writes: “With strains of the ‘Wonder Woman’ theme song opening her talk, Amy J.C. Cuddy, a social psychologist at Harvard Business School, discussed her research on body language and how it can change the way people feel about their status—something that could come in handy for the people nonprofits train to get jobs, and many other purposes. She and a colleague found that holding ‘power poses’ —open, expansive body postures that convey confidence and power (imagine a corporate titan with his feet propped on a desk or an Olympic runner raising her arms in victory)—for as little as two minutes changes people’s levels of testosterone and cortisol (hormones associated with leadership), increases their appetite for risk and helps them cope with stressful situations.”

    Watch the video of Professor Cuddy’s conference presentation: The Power of “Power Posing”

    Do you need a power pose to ask the right questions and nail your next job interview? Or, imagine how a power pose might impact your presentation to a bank, micro-finance institution or venture capitalist to secure funding for launching your own business.

    The applications are unlimited. I remember, for example. when my son’s traditionally reticent, somewhat elderly, first grade teacher dressed as Wonder Woman and assumed that icon’s power pose on an float in our small town’s Independence Day parade. Parents lining the parade route were stunned and children were awestruck.  And I can say with confidence that woman never had a discipline problem in her classroom again.

    “Power Posing” could that be just another way of saying -  take charge of your life???

  • Buttermilk Biscuits and Super Start-Ups – A Delight to the Cents and Senses!

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    Courtesy, Gourmet Live

    The latest issue of Gourmet Live magazine celebrates America’s top food entrepreneurs – and what a feast it is.

    Gourmet writes, “There’s no question that the food and beverage industry is tough. Profit margins are small and failure rates are high—roughly 80 percent of restaurants, for example, don’t make it to their second birthday. But it can also be an incredibly rewarding business for those plucky and lucky enough to find success—the Entrepreneurs issue of Gourmet Live salutes those who have already made it and those on their way.”

    They begin their tour of “the upstarts and start-ups driving change in the culinary world” top 25 American food entrepreneurs of the past 25 years. Kate Sekules pays tribute to major players such as Mario Batali, Annie Chun, and Starbucks’ Howard Schultz, who have not only made their fortunes but also “shifted the axis of American taste.”

    “If you have a quit-your-day-job dream simmering, you’ll be inspired by three more tales of passion and perseverance in this issue: St. John Frizell’s firsthand account of launching his Brooklyn bar/café, Fort Defiance; a visit by Jean Anderson to Saxapahaw General Store, the North Carolina haute eatery that gives the term filling station a whole new meaning; and an ode to the makers of Kate’s Real Buttermilk, who turned a butter by-product into liquid gold, penned by Gourmet Live’s Kemp Minifie.”

    Edible entrepreneurship indeed!!

     

  • Optimizing Failure

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    Courtesy of waltsense.com

    Wile E. Coyote – did you ever know a character more inured to failure? The Critter deserves a medal for resilience, but just think of the havoc he could have wrecked if only he had learned from each disastrous, failed attempt to snag the Road Runner.

    In a recent post, Penelope Trunk, in her blog  “Advice on the Intersection of Life and Work” writes about starting your own business:

    She says, “Feeling stuck? Uninspired? As though your New Year’s resolutions have no spark? Maybe it’s time to start your own business. It’s likely you intuitively know if you’re actually an entrepreneur stuffed in a corporate cubicle. … don’t be stifled by your age or lack of experience. Just make sure you have the right personality for success and the right attitude toward failure.”

    “The right attitude toward failure” – that’s the phrase that struck home with me because it is something you can apply to your career as well as a new business start-up. As she said in an earlier post, “in this day, we have the ability to gather information quickly and move quickly. But why do we only apply this idea to [new] companies? Why not also apply it to our careers? We can constantly gather information, ask questions, and readjust our goals.”

    Trunk recommends we, “Fail quickly and move on. Most business leaders fail once or twice before hitting it big. Think of failure as a necessary career step and move through it quickly and assuredly – recognize when things are going poorly, fail fast, learn, and respond to new information about what really works for each of us.”

     

     

     

     

     

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