Word: entrepreneurism
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...born entrepreneur, Berman first revealed his flair when he turned the family wholesale-leather business into the nation's largest retailer of leather apparel, now known as Wilsons the Leather Experts Inc. But Berman's true passion is gambling: he has won three national poker titles, and is a member of the Poker Hall of Fame at Binion's Horseshoe in Las Vegas. At a poker table, Gaming magazine once wrote, Berman plays "with the insight of a psychiatrist and the determination of a club fighter...
...center-right government would exempt high R and D firms from paying any corporate income tax for their first three years of operation, wipe out all social charges paid to the state for six years and give capital-gains tax exemption to investors and other shareholders. Biotech entrepreneur Philippe Pouletty, president of the Strategic Council for Innovation, says the move could double the number of "innovative" companies in France (there are about 2,500 today) and make it one of the most attractive places in the world to do business. So far, the bill is not meeting with much opposition...
Time passes slowly in India, but not for Sunil Mittal. Four years ago, the 45-year-old entrepreneur was a bit player in the Indian telecommunications market, the owner of cellular franchises in Delhi and the small neighboring state of Himachal Pradesh. Total customer base: 116,000. Today, his Bharti Tele-Ventures is the largest mobile phone company on the subcontinent. Customer base: 2.5 million. He recently wrapped up a $1 billion expansion that quadrupled the size of his network in less than a year. Mittal even completed an acquisition of a competitor?from initial offer to signed contract...
...Raising the money for his breakaway network expansion is one of those things. Mittal, a serial entrepreneur, is a master at attracting investments and getting loans in India, where capital has been in painfully short supply?a skill that is especially helpful when your rivals have more money than you. Bharti has garnered a total $1.2 billion of foreign equity investment, more than any other Indian company. Singapore Telecommunications has invested $650 million, and Warburg Pincus has a stake worth nearly $300 million, the private equity fund's third-largest overseas investment. Dalip Pathak, a managing director at Warburg...
Microsoft to open up - the firm's own clients have clout too, and they may be the most persuasive. BEVERAGES Muslims Sip The 'Real Thing' as soft-drink marketing goes, it's a bit more inflammatory than "the real thing." "Each time someone buys a Mecca-Cola," says the entrepreneur who has taken orders for 1.5 million bottles of the drink in Europe, "they're saying to George Bush, and the war-criminal Sharon, we don't agree with your policies." Responding to calls for a boycott of U.S. products across the Middle East, French Muslim Tawfiq Mathlouthi has rolled...