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Guest post by Tim Berry, founder of Palo Alto Software, entrepreneur, blogger, and business planner. Follow Tim on Twitter @Timberry. This post came from a question on Quora that was likely geared towards a tech startup. These same principles, however, apply to all small businesses that are considering taking investments from friends or family, an equity crowdfunder, or other investment resources in addition to considering bank loans. Borrowing vs. Opening Up for Investment: What's the Right Path? Of course there's… Read More

Howard Schultz is the Chairman and CEO of Starbucks. Schultz began his career at Starbucks as Director of Marketing in 1982. Shortly after joining the company, he took a trip to Italy where he was inspired by the integration of coffee cafes into the Italian culture. Upon his return, he convinced the Starbucks management to serve espresso in addition to the coffee and tea traditionally offered, and open a Starbucks retail shop. The first Starbucks cafe was successful, however the… Read More

Steve Jobs co-founded Apple Computers with Steve Wozniak in 1976. In 1985, after a few years of below-average sales at Apple, Jobs was phased out of the company. He went on to purchase Pixar Animation Studios and became the largest shareholder of Walt Disney after the Pixar and Disney merger. Upon his return to Apple in 1997, Jobs brought to the company many changes and a much-needed revitalization. He brought in a new management team, redesigned marketing tactics, and introduced… Read More

Nolan Bushnell is an entrepreneur who started more than 20 companies, including Atari, Inc., Chuck E Cheese’s Pizza Time Theatre, and Brainrush. Bushnell is credited with the famous gaming aphorism, “easy to learn, difficult to master.” Bushnell’s success can be partly attributed to a willingness to execute his ideas. Without initial action and perseverance to follow through on ideas, a truly successful business cannot be developed.