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Index
Praise
Title Page
Epigraph
CHAPTER 1 - The American Dream
Why the Entrepreneurial Spirit Is So Important Now
Why These Sixteen Entrepreneurs’ Stories Are Worth Reading
How This Book Can Help You in Your Business
CHAPTER 2
Starting a Business with $10,000
Learning from Past Mistakes
Starting Over by Focusing on an Underserved Market
Expanding the Business by Selling Franchises
Keeping Prices Low—for Franchisees and Other Aspects of the Business
Enormous and Rapid Growth
A Different Type of Fitness Center
Partnering with Like-Minded Companies
CHAPTER 3
Overcoming Prejudice and Financial Obstacles
Loving Getting Her Hands Dirty
Learning the Business and Thinking Big
Going Out on Her Own
Relocating Required Building a New Client Base—from Scratch
Diversifying from Construction to Retail Development
Putting Up Money for a Major League Baseball Team
Dealing with Tragedy, Criticism, and Stress
CHAPTER 4
A Business Idea Spawned by an Opportunity Seen Firsthand
Early Family Support and an Unconventional Approach to Business
Expanding to New Locations
An Open and Trusting Company Culture
Expanding via More Locations and More Services to Meet New Customer Needs
CHAPTER 5
Finding a New Career, Unexpectedly
Taking a Chance on a New Job—Even Without Pay
Discovering a New Market from Customers Who Can’t Find What They Want
Going Out on Her Own When Her Boss Nixed Her Ideas
Do-It-Yourself Often Required Doing It All
Aggressive Publicity and Celebrity Endorsements Help Sales
Lack of Experience Brings on a Setback
Expanding the Business: More Locations, Licensing Deals, New Product Lines
CHAPTER 6 - Robert Stephens
An Early Talent for Fixing Things Leads to a Great Business Idea
Seeing an Opportunity to Meet an Untapped Market Need
Creating a Quirky and Memorable Company Image
Providing What Customers Wanted and Desperately Needed
Unconventional Advertising: The Company Car
Expanding to Keep Up with Increased Demand
Pursuing a Partnership
Continuing Growth and Expansion
CHAPTER 7
Dealing with Dyslexia Developed a Creative Imagination
Starting Young with No Experience, Using an Apartment for an Office
Recognizing the Need to Create a High-Profile Image
Going Out on Her Own
A Keen Eye for Market Trends—Ahead of the Competition
Using Creative Sales and Advertising Techniques to Get Customers’ Attention
Rewarding and Motivating Employees as Her Company Grew
How to Get Noticed Without Advertising: Innovative Marketing
Savvy Publicity: Getting Media Attention by Commenting on the Competition
Taking a Risk on a New Way of Marketing
Creating a Brand That Outlives the Company
CHAPTER 8
An African American Success Story
Racial Segregation Influenced His Outlook on Life
A Strong Family Work Ethic Leads to Persistence and Tenacity
A Tough Job Hunt: Four Hundred Résumés in Three Years
Leaving Corporate America and Buying a Business
Expanding the Business by Finding New Niches
Losing a Major Client Forced Him to Launch a New Business
Going After Government Contracts
A Belief in Giving Back
CHAPTER 9
Creating a Dream Come True for Kids
Out of the Mouths of Babes . . . Can Come a Great Idea
Working Hard to Design an Appealing Product
Convincing Potential Investors by Putting Up Her Own Life Savings
Handling Severe Setbacks—with Aplomb and Preparation
Paying Attention to What Customers Want and What Employees Suggest
CHAPTER 10
Learning the Value of a Dollar from His Hardworking Mother
Unemployed and Homeless but Determined to Turn His Life Around
Building a Successful Sales Career
Going Out on His Own, with a Partner
Using His Sales Experience to Jump-Start His Business
Starting a Completely Different Business—Selling Tequila
Fiercely Independent and Protective of His Products
CHAPTER 11
Failing the LSAT Led to a New Career Path
Seeing a Business Opportunity in a “Eureka!” Moment
Ignoring Rejections and Plowing Ahead
Perfecting the Product Design and Persuading Retailers
Using Word-of-Mouth Marketing and Do-It-Yourself Publicity Efforts
Expanding and Bringing in Experienced Help
Taking a Risk on TV to Get More Exposure
CHAPTER 12
Discovering a Market Need—by Accident
An Earlier Venture in Entrepreneurship
A Family Business, Involving Anyone Available and Willing to Help
Outsourcing Production of Their Recipes
With No Alternative, Do-It-Yourself Production
Hand-Selling Products and Trusting Customer Response
New Product Development and (Old-Fashioned) Market Research
Growing and Expanding Nationally and Internationally
Continuing to Expand the Product Line
CHAPTER 13
Pioneering a New Technology
Dropping Out of College to Develop a Revolutionary Product
Trying to Find Money to Finance Their Work
The Phone Call That Launched Their Business
Creating an Incubator for New Ideas
Restructuring the Company to Meet New Customer Needs
CHAPTER 14
Bored with Corporate America and Willing to Take a Chance
Early Emphasis on Education, Competition, and Risk Taking
Learning About Leadership in the Marines and Vietnam
Ready to Run His Own Company, via an LBO
Listening to Customers and Building a Stronger Sales Team
Thriving on Competition and Outsmarting Rivals
New Ideas for New Products
Overcoming Setbacks
Phenomenal Growth and Expansion
Exploring Other Business Ventures and Giving Back
CHAPTER 15
A Unique American Success Story
Making a 180-Degree Turn—from Modeling to Behind the Scenes
Creating a New Product from a Special Ingredient
Great Word-of-Mouth Marketing and Publicity Led to a Distribution Challenge
Expanding the Product Line
Realizing the Need for Greater Exposure and Deciding to Sell Directly on TV
CHAPTER 16
An Ordinary Kid Becomes an Accidental Entrepreneur
A Life-Changing Personal Decision Leads to a New Career
Trusting Her Gut About an Underserved Market
Newfound Confidence and Word-of-Mouth Marketing Help Jump-Start Business
Expanding the Business and Buying Additional Franchises
Strong Customer Feedback Helped Business
Dealing with Critics and Corporate Buyouts
Ready for the Next Challenge and Opportunity
CHAPTER 17
Growing Up Poor and Often Hungry
Moving Cross-Country to an Affordable College
Finding a Job Close to Home—Because I Had No Transportation
Starting My Own Business, with a Partner and a Special Focus
Building the Company
Finding Advisors to Help with My Fledgling Business
Reinventing the Company Through Diversification
Building Trust and Credibility
It’s Never Easy
Making Hiring and Staffing Innovations
Continuing to Create New Products
The Rewards of My Work to Grow My Business
CHAPTER 18 - Strategies for Success
1. Trust Your Gut
2. Buck the Conventional Wisdom
3. Never Let Adversity or Failure Defeat You
4. Go on a Treasure Hunt and Find an Underserved Niche
5. Spot a New Trend and Pounce
6. Hit ’Em Where They Ain’t
7. Just Start!
8. Save Your Bucks and Get Noticed Without Expensive Advertising
9. Exploit Your Competitor’s Weakness and Make It Your Strength
10. Never Stop Reinventing Your Company
Create Your Own Strategy for Success
Acknowledgements
Copyright Page
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