Word: entrepreneurism
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Dates: during 1980-1989
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...advantages are obvious. No staples, no paper. The merry mailman cannot mangle the thing in your letter slot and twist it into some kind of soft-cover Calder. There may be other benefits as well. Fast information. Ease of illustration. Graphic impact. "Video is the new printing press," Publishing Entrepreneur Nicolas Charney likes to say, but it is not necessary to bury Gutenberg to appreciate the possibilities of magazines on video and to spot, in five new entries, the beginnings of what seems to be a trend...
...make a will on video. Send a valentine. Take an inventory. Now you can even go back to high school. Video Entrepreneur Ted Brown of Torrance, Calif., specializes in the high school market: his small company shoots 110 hours of a school year, then edits the footage down to a tidy 60-min. Videoyearbook. Price per cassette: $60. No lunch money, please...
...very factors that make entrepreneurs successful in starting companies can lead to problems later on. Frequently egotistical, the upstart executives seldom admit failure and sometimes refuse to share responsibility or hire good people to help run the company. A crucial turning point comes when a new enterprise reaches sales of about $250 million. In some cases, like that of Engineer Kenneth Olsen of Digital Equipment Corp. in Maynard, Mass., the innovative founder develops the managerial skills to run a large, complex organization. In other cases, the entrepreneur gets in trouble and must get help from professional managers. Centronics Data Computer...
Fylstra, who last week changed the name of his firm to VisiCorp, is at one of the many turning points for an entrepreneur. The company faces stiff competition from VisiCalc's many upstart imitators, among them makers of computer hardware who are selling more and more of their own software. Industry analysts see VisiCorp as a likely candidate for going public during the next two years. With appraisals of the company's worth running about $125 million, a public stock offering would make Fylstra an even wealthier young man. That would free him to strike out in another...
...Miami from Manchester, England, were stunned to hear over a loudspeaker that their flight had been canceled. An Airbus A300, already airborne toward Tenerife, reversed course and flew back to Manchester. At London's Gatwick Airport, stewardesses and ticket agents openly wept. Sir Freddie Laker, the swashbuckling British entrepreneur who had revolutionized transatlantic travel by slashing air fares, had abruptly announced that he was liquidating his debt-laden airline. Said one Laker counter attendant: "It's hit everyone, mate-like a smack in the mouth...