Keiretsu

Posted on September 17th, 2007 by Bart Gibby.
Categories: Entrepreneurs.

Keiretsu is a business term that defines a relationship between two businesses that is equally beneficial. This practice is often used between big businesses, such as corporations or manufacturers. This practice was developed in Japan after World War II. Banks encourage companies at the time to give each other deals on products and services to promote mutual success and, I am sure, improve the economy.

Michael Mann, the entrepreneur who bought seo.com for a newly acquired business, operates his entire investment fund after Keiretsu. He says that the purpose of this practice is to allow each small business that he has acquired to have reduced expenses.

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Statistics on Bosses: Leaders or Managers, Who Makes a Good Boss?

Posted on August 4th, 2007 by Bart Gibby.
Categories: Entrepreneurs.

Leadership is very different than management. A good boss may have leadership skills and management skills but use them interchangeably at appropriate times. A leader inspires, leads by example, and forges the way for others. A manager focuses on assigning tasks, making sure those tasks are completed, and that the employees have the resources needed to complete such tasks.

“48% of employees would like to fire their boss; 29% would like to have their boss assessed by a psychologist” I referred to this statistic once before. Possibly those bosses who employees would like to fire are more managerial oriented than they should be. A great quote sums it up.

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The Tech Valley Collegiate Business Plan Competition

Posted on August 1st, 2007 by Bart Gibby.
Categories: Business Plan Competitions, Entrepreneurs.

The Tech Valley Collegiate Business Plan Competition is hosted by the Severino Center for Technological Entrepreneurship at Rensselaer Polytechnic Institute’s Lally School of Management and Technology in Troy, New York. The competition is designed to advance learning and introduce students to the career choice of entrepreneurship. The contest is also sponsored by Heslin Rothenberg Farley & Mesiti P.C., Rensselaer’s Incubator Program, and the Center for Automation Technologies and Systems (CATS), with support from The Center for Economic Growth.

The winners of the Tech Valley Collegiate competition take home up to $50,000 in cash and prizes. The cash awards are as follows: first place – $5,000, second place – $4,000, and third place – $3,000.

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