Word: starting
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Dates: during 1990-1999
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...smug. Consider that more than half the population is being left out, and if the stock market is really our ticket to retirement bliss, that must change. Individual Social Security accounts that let taxpayers direct part of their payments into stocks would be a start...
DIED. BENNO SCHMIDT, 86, pioneer venture capitalist, health-policy adviser to several Presidents and father of former Yale president Benno C. Schmidt Jr.; in New York City. A J.H. Whitney partner, Schmidt backed risky start-ups, including Minute Maid orange juice--which he at first deemed "tinny" in taste...
...unemployment rate is a teensy 1.4%, and finding good help is no small task. Last year Loegering's traditional newspaper ads drew only 15 to 20 resumes apiece, even for upper-management positions with competitive salaries. That's when Loegering decided to "step out of the box" to start getting noticed. The company's new ads, running in newspapers and on the Internet, get 450 to 500 responses each...
Loegering is not alone in having to look for new strategies to thrive in the turn-of-the-century economy. Business is booming across America, but small business is not doing--and cannot do--business as usual. Start with the search for workers. Unemployment has dropped nationally from 7.8% in June 1992 to its current 4.2%. Add to that the challenges of meeting tough demands from Big Business customers, avoiding the pitfalls of e-commerce and financing a fledgling firm without losing control, and you've got a climate for small businesses that is at least as challenging, and sometimes...
...same vein, finding money to start a business isn't as simple anymore as just going to the bank. Venture capitalists have a greater role to play, and their demands are different. Michael Heller, chairman of the emerging-business and venture-capital group at Cozen and O'Connor, a Philadelphia law firm, says he gets 10 to 12 calls a month from start-up companies. According to Heller, venture capitalists also bring sophisticated knowledge and business contacts to help young entrepreneurs who may not have much business experience. But the price might include more restrictions on the emerging company...