uEntrepreneurs: The Learning Center for Entrepreneurs ™
  • FEATURED LESSON

    Should you be humble to succeed as an entrepreneur?

    Personal GrowthWhere does humility fit into the entrepreneurial profile?

    There is a company called Segway. It was started by an inventor who is considered to be a genius because of the wide variety of successful products he has developed. The investors in Segway were considered to be the premier firms in the venture capital industry. They invested, and lost, about $160 million in the deal (MercuryNews.com, Jan 16, 2010). Why? From what I have read, the investors thought that the world would adopt the Segway as the way to travel in urban areas. Cities were even considering changing zoning laws to give greater access to all the Segway users who never materialized. The hype during the launch was tremendous. But the world did not change its habits. It did what it has always done. When the perceived benefits of a switch did not outweigh the huge costs of buying, they did not buy. There have been comments about how some of the insiders thought that the rest of us were not smart because we did not buy the Segway and change our cities. Maybe we are not. But they are the ones who lost $160 million. (more…)

  • FEATURED PROFILE

    Don Kotula: Northern Tool & Equipment

    What do you do for a career if your dad owns a salvage yard in Hibbing, Minn., (former home of Bob Dylan) and does not believe in sales or marketing, but you happen to like machines, tools, and selling to customers to make them happy? You build an $800 million (sales) giant in the tool and equipment industry.

    Leonard Kotula, Don’s dad, owned a small salvage yard in Hibbing. Leonard Kotula’s philosophy was that if you could walk, you could work. Don Kotula started working in the family business “since he was born.”

    They would buy cars and equipment from a variety of sources, including area mines that were changing from mining iron ore in underground mines to open-pit taconite mines, and resell them as parts or steel. (more…)

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  • BOOKS BY DILEEP RAO

  • VENTURE DEVELOPMENT SPEAKER

    For over 33 years, Dileep Rao has worked with entrepreneurs, managers and leaders in the U.S., Europe and Asia. Dr. Rao has been acclaimed as a venture development teacher and speaker because he combines impeccable academic qualifications with his own successful experience in business growth and development -- offering practical knowledge with lasting value for success.

    Based on his experience and his study of some of the world's great entrepreneurs, he shows entrepreneurs, managers, professionals, financiers and area development officials how to build businesses by focusing on what truly matters and is sustainable in the long-term. (more…)

  • ABOUT DILEEP RAO

    A columnist on entrepreneurial finance, Dileep Rao is a nationally acclaimed practitioner, advisor, author and communicator on new business development, business growth and financing businesses and ventures. He combines real-world experience in financing more than 450 firms and managing five companies as the V.P. (now director) of one of the U.S.' largest development finance institutions with advising governments (including the U.S. government), Fortune 1000 companies and entrepreneurs in new business development and financing. (more…)
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