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Over 80% of India’s small businesses expect to scale down, shut shop, or sell off in six months

April 28th, 2020 at 11:14 am » Comments Off

The coronavirus outbreak has left India’s startups and small businesses jittery about their future. As much as 61% startups and small & medium enterprises (SMEs) in the country are staring at the possibility of scaling down their business in the next six months. Only 13% are expecting their business to grow, according to a survey […]

Start-ups pursue ‘free money’ with relief funds, prompting backlash

April 27th, 2020 at 12:18 pm » Comments Off

Domio, a startup that offers short-term rentals, has its headquarters in a New York City loft that features beer on tap, a game room and a wall of house slippers for visitors. The fast-growing and unprofitable company has raised $117 million in venture capital, including $100 million in August. When the coronavirus pandemic caused Domio’s […]

Bitter taste for coffee shop owner, as new $600 jobless benefit drove her to close

April 26th, 2020 at 12:26 pm » Comments Off

  Some businesses that want to stay open say it’s hard to do so when employees can make more money by staying home.  $600 per week. That’s what the federal government is now offering to people who’ve lost their jobs because of the coronavirus. For many workers and employers, that money is a godsend — […]

Calvin Klein owner: ‘Retail companies are not built to have their stores closed’

April 23rd, 2020 at 7:23 pm » Comments Off

Calvin Klein, Tommy Hilfiger and other PVH stores in North America and Europe have been closed since mid-March. The company has furloughed about 75% of its workforce in North America. With stores closed, the retail industry is struggling with inventory piling up in warehouses and no place to sell it, the head of the company […]

Coronavirus is hurting the restaurant industry. Here’s how it could change the future of food

April 16th, 2020 at 5:13 pm » Comments Off

  Dan Barber, the vanguard chef behind Blue Hill at Stone Barns, earned two Michelin stars as he championed the farm-to-table movement in New York State. But rave reviews have spared no one in the ailing food world, as restaurants have gone into perilous hibernation, leaving workers unemployed and thoroughfares eerily quiet around the country. […]

Peter Diamandis: When will our stay-at-home lockdown end?

April 13th, 2020 at 11:40 am » Comments Off

I live in Los Angeles, CA, where we have now been on lockdown for about a month. A few days ago, California Governor Newsom announced a 30-day extension of the shelter-at-home order, through at least May 15th. Ouch. The same is happening in states and countries worldwide. While I’ve never sat still for so long, […]

The failure of this self-driving truck company tells you all you need to know about self-driving vehicles

April 10th, 2020 at 12:10 pm » Comments Off

Starsky Robotics is a self-driving truck company that was the first company to run an unmanned semi on a public highway. It’s now shutting down though, and its co-founder has some unusually sensible and honest things to say about the industry, unusual only because the industry is stuffed with charlatans. Stefan Seltz-Axmacher co-founded Starsky around […]

Coronavirus upended the trillion-dollar events business. Here’s how it can come back

April 9th, 2020 at 11:23 am » Comments Off

The global events industry generates more than $1 trillion in economic activity. Needless to say, it has been decimated by the coronavirus. After the lockdowns end and our health authorities tell us it’s safe to gather in groups, we need a plan to ease people back into real events. Virtual events won’t cut it in […]

Change is changing: Coping with the dearth of traditional change management

April 4th, 2020 at 10:43 am » Comments Off

Traditional change management as we know it is obsolete. Even the very notion that change can be managed feels absurd given the reality and pace of business today. The intent of business executives—to deliver results more sustainably and more quickly—remains the same, but the context in which organizations operate today is fundamentally shifting, and so […]

Why S-curves are probably the most important concept in entrepreneurship

March 20th, 2020 at 11:23 am » Comments Off

The world of entrepreneurship is full of buzzwords. We all want to found the next disruptive game-changing hot startup, leveraging our first-mover advantage in deep tech by thinking outside the box, just before pivoting (in an agile way!) after our A/B tests showed concerns with our UX and product market fit, then finally putting our […]

Millions of Chinese firms face collapse

March 4th, 2020 at 11:22 am » Comments Off

A closed Apple store in China Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines on billions of yuan in debt coming due […]

Are Millennials the new entrepreneurs?

March 2nd, 2020 at 12:26 pm » Comments Off

The next generation of leaders are making headlines for their entrepreneurial attitude – are millennials driving a new startup revolution?  Millennials came of age in a world powered by the products of rockstar entrepreneurs – Steve Jobs, Mark Zuckerberg, Alexis Ohanian. TV Shows like Shark Tank, highlighting the aspirations and potential success of entrepreneurs, drew […]