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Inc. Magazine

Inc. Magazine July - August 2016

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders.

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País:
United States
Idioma:
English
Editor:
Mansueto Ventures LLC
Periodicidad:
Bimonthly
SUSCRIBIRSE
US$ 19,99
6 Números

en este número

1 min.
4 pieces of advice most people ignore (but great entrepreneurs don’t)

1 UNDERSTAND YOURSELF When you know your own motivations and foibles, you make smarter decisions that link clearly to your future goals. 2 NARROW YOUR FOCUS TO EARN BIG RESULTS Any ambitious task seems vast and undoable— unless you break it down into smaller tasks and focus on them individually. 3 CREATE YOUR OPPORTUNITIES A sure-fire way to become unhappy is to assume that life is fair. Great entrepreneurs make their own luck. 4 DOING THE RIGHT THING IS RARELY EASY Successful leaders make hard choices for the long term. TOP VIDEOS INC.COM/HOWIDIDIT Debbie Sterling Founder of GoldieBlox “We were on to something extraordinary, and when they didn’t get it, it made me second-guess myself.” INC.COM/PLAYBOOK Doug Menuez Photojournalist and author of the Silicon Valley chronicle Fearless Genius “Every genius has a blind spot.” INC.COM/FOUNDERS-FORUM Melissa Ben-Ishay Co-founder of Baked by Melissa “We’ve learned over time not to panic. It’s…

2 min.
the outsiders

THIS YEAR’S ELECTION is going to be, at least in part, a referendum on America’s openness to immigrants. Are the people who come from other countries a drag on the economy—because they consume resources and steal American jobs—or are they a net gain? While we never set out to take a side on that question with this issue of Inc., the stories you’ll find here do suggest an answer. It all starts with our cover subject, Robert Herjavec, co-star of Shark Tank and co-founder of cybersecurity company Herjavec Group. Immigrating to Canada from Croatia at age 8, he says, shaped him both as a person and as an entrepreneur. “When you don’t speak the language or have any money, kids make fun of you,” he explains to Inc.’s Liz Welch, kicking…

2 min.
re-barre

“It’s given me the stamina and the poise and the confidence to run my business.”—KATIE WARNER JOHNSON, co-founder, Carbon38 WHEN SHE WAS very young, Katie Warner Johnson, the co-founder of online activewear boutique Carbon38, heard the music and started to move. “We grew up with Tchaikovsky and Chopin,” says Johnson, 31. “You can’t help but dance.” At 3, she was twirling through her family’s home in Washington, D.C. Johnson recalls her mom finally saying, “Instead of breaking a lamp, let’s put you in ballet class.” So Johnson trained at the prestigious Maryland Youth Ballet, where she worked her way up from “hobby” to “life-enveloping regimen.” By 13, she was leaving school early to train, and she went on to spend two summers with the Miami City Ballet. She back-burnered ballet to attend Harvard,…

4 min.
giving away the store

Marc Lore, co-founder of the shopping site Jet.com, saw at his previous companies how stinting on benefits hurt morale. So when he co-founded the e-commerce platform Quidsi in 2005, everyone but hourly employees received equity in the company. “I witnessed the passion and loyalty that came with people feeling like an owner in the business,” he says. Today Lore offers equity to Jet’s entire work force, regardless of an employee’s position or time spent with the company. There’s a fouryear vesting period, and each position gets a standardized slug of stock—and Lore sees its impact on his workers. “They’re going way beyond their day job,” he says. “Working nights and weekends, and not feeling like it’s a burden.” Equity arrangements are increasingly standard for startups. AngelList, a site for investors and job…

1 min.
the jargonator

• PINNACLE CARS / • noun. The “diamond-quilted, champagne-fluted” versions of already absurdly luxurious cars—like Bentley’s Mulsanne, which starts at $300,000. All together now: “You are supreme/the chicks’ll cream/for greased lightning.” Source: Motor Authority MIAOSHA/ • noun. A Chinese word for “instant kill” that describes the “sudden fall from grace” of senior businessmen and politicians caught in President Xi Jinping’s anticorruption net. I wonder how this translates into Panamanian Spanish? Source: The China Observer PATIENT FINANCIAL TOXICITY / • noun. The impact of medical costs (notably for cancer) on patient healing and well-being. In other words, if the chemo saves your life, the co-pay’s gonna kill you. Source: Ispor.org MRBs / • noun. Finance slang for “marijuana-related businesses,” which, in Colorado alone, have generated billions of dollars in stacks of unbankable cash. At what stage do we start classifying potato…

17 min.
why failure sucks

Everyone says failure is good for founders. It’s trendy, even cool. Easy to say, unless you’re the one failing. Besides, it’s not even true ONE BLUSTERY afternoon in March, I meet Emma Weisberg for coffee near her apartment on Manhattan’s Upper West Side, at a diner called Utopia. Weisberg is petite, energetic, and warm, with thick brown hair that falls to her shoulders. Three years ago, she gave up a secure job at Google to go all in with Blinkbuggy. It’s a free online baby book, a digital vault for storing pictures and videos of your kids that Weisberg, 38, dreamed up when she became a mother. For a while, Blinkbuggy was her very own utopia. She raised a million dollars, built a beautiful product, won a coveted slot at a big-time startup…