Tag Archives: The great recession

Teens window shopping

7 Money Lessons Teens Learned from the Recession

A new study shows the Great Recession turned out to be teens’ most effective teacher.

You’ve probably talked to your teens about money management numerous times. And you’ve probably felt…

By Sheiresa Ngo

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Legendary Carver Savings Bank Fights To Stay in Business

Federal government orders the nation's largest black bank to boost capital reserves by April 30...or else

Federal government orders the nation’s largest black bank to boost capital reserves by April 30…or…

By Jeffrey McKinney

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Entrepreneurs are known to have many qualities—persistence, leadership skills and a never-say-die attitude, to name a few. But even with those skills, even the most successful entrepreneurs have made their share of mistakes—and sometimes catastrophically. Robert Jordan, author of How They Did It: Billion Dollar Insights from the Heart of America (RedFlash Press $24.95) spoke with 45 successful entrepreneurs to gain an understanding of what it takes to successfully launch and grow a business. Among those featured is Joe Mansueto, founder of Morningstar, who sold the company for $2 billion, Raj Soin, who launched Modern Technologies Corporation (MTC) before selling it to BAE Systems for $425 million, and others who have taken their companies public in billion-dollar transactions. To be included in the book, they had to launch, grow and sell a company for approximately $100 million or go public for at least $300 million and had to be self-made, according to Jordan. “So the range ended up so that at the low end, Viresh Bhatia sold InstallShield for about $78 million and the high end was Dane Miller, who took Biomet private for $12 billion.” But what mistakes did these multi-millionaires make along the way and what can be learned from them? Read on... —Alan Hughes

5 Mistakes Millionaire Entrepreneurs Make

Even some of the richest people make common mistakes on their road to financial success.

Entrepreneurs are known to have many qualities—persistence, leadership skills and a never-say-die attitude, to name…

By Alan Hughes

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