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Randal D. Pinkett and Lawrence M. Hibbert watched their educational training firm MBS Educational Services and Training succumb to the 2001 recession, but they regrouped to form BCT Partners, a management, policy, and technology consulting firm that made nearly $2 million in 2008. Here’s what Pinkett and Hibbert learned about surviving a crisis.
“Cash is always king,†says entrepreneur Robert L. Wallace. “If you have cash, it doesn’t matter what is happening in the economy or in the industry, you’ll still be able to weather the storm.â€
In the last three years, Web 2.0 technologies have brought innovations to the entrepreneurial and small business markets that have enabled creativity, productivity, growth opportunities, and, yes, fun. We’ve watched as Facebook morphed from an Ivy League hangout into a social networking site with growing business functionality; and we’ve seen burgeoning business moguls take advantage of audio tools to launch radio shows that complement their businesses. No question, then, Web 2.0 is moving fast. So what’s the next step? Well, if you’ve passed around or commented on any of the thousands of user-generated videos online, then you might have an inkling.
Jackie Glenn, chief diversity officer and senior director of human resources for EMC Corp., a technology company, talks about what makes EMC an attractive option for jobseekers.
When Homer Bair and his partner, Susan Kreitman, conceptualized a T-shirt and screen-printing venture on a beach in Jamaica, they had little inkling of its potential for international success. They collaborated with a group of Caribbean artists and, in 1987 created Cooyah Clothing. But, despite its cultural origins, Cooyah was a hard sell in Jamaica. To help them break into the local market, Homer’s brother Nigel stepped in. What ensued was reminiscent of the biblical saga of Cain and Abel.
