Word: entrepreneur
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...fullest range can be found at the designer's showcase store on London's Brompton Road. Originally an automobile garage, the shop has enough floor space to comfortably accommodate menswear, women's clothes and a Roman chariot race. "There could be more clothes in it," frets Danish-born Fashion Entrepreneur Peder Bertelsen, who backs Hamnett's retail enterprises on the designer's home turf. "Katharine's very exciting to work with," he adds. "She shouts at me and calls me names I can't find in the English dictionary...
With the stigma lifting and demand growing, massage therapy has become an entrepreneur's dream. Schools are proliferating; there are now about 300. Many therapists are concerned, however, about the lack of uniform training standards: the American Massage Therapy Association has approved only 51 schools. Moreover, the field is poorly regulated by outside authorities. Just 13 states have licensing requirements, and their criteria vary widely. Florida, for example, requires therapists to complete 500 hours of training, while Ohio calls for half that...
Much smaller U.S. operators are also reaching for the skies. Robert Truax, a former Navy engineer, built a rocket in his Saratoga, Calif., backyard four years ago, and hopes to be the first private businessman to launch commercial cargo into space, possibly from Cape Canaveral. Entrepreneur George Koopman's Menlo Park, Calif., firm, American Rocket, is conducting flight tests at Edwards Air Force Base in Southern California. Like Truax, Koopman says the hardest part about starting a space-transport firm is raising enough money. Says he: "I'm still out there beating the bushes for funds...
...Turner has used his share of Perils-of-Pauline financial maneuvers in building Turner Broadcasting System, the parent firm of Cable News Network and superstation WTBS. But the brash entrepreneur put a time bomb under his company when he bought MGM/UA Entertainment last March for $1.5 billion. As part of the purchase agreement for the film and TV production firm, Turner issued 53.3 million shares of preferred stock in Turner Broadcasting. A provision of the deal was that starting this June, he would have to pay dividends on those shares in the form of common stock in his firm...
Like all the President's children, Michael Reagan, 41, has had a rather protean career. He has been a boat salesman, gasohol entrepreneur and soap opera actor. This year Michael, the adopted son of Ronald Reagan and his first wife Actress Jane Wyman, will try his hand at writing. His family is not likely to be pleased...