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  • FEATURED LESSON

    New book features iconic MN entrepreneurs

    Business StrategyHe’s been in the venture capital business for decades, but University of Minnesotabusiness lecturer Dileep Rao now says people don’t need venture capital to grow a business, and he’s drawn on the stories of some of the Twin Cities’ most successful entrepreneurs to prove his point.

    Rao has compiled those stories into a book called Bootstraps to Billions: Proven Rules from Entrepreneurs Who Built Great Companies from Scratch. The 28 profiles in the book are a who’s who of Minnesota success stories. They include Horst Rechelbacher, who started Blaine-based Aveda Corp.; Richard Schulze, chairman and founder of Richfield-based Best Buy Co. Inc.; and Minnesota Timberwolves owner Glen Taylor, who built North Mankato-based Taylor Corp. into what is now a roughly $2 billion business.

    Rao, a senior lecturer at the university’s Carlson School of Management and a columnist for Forbes.com, spent two years interviewing the subjects of the book and writing the profiles.

    This article originally appeared in the Minneapolis / St. Paul Business Journal.

  • FEATURED PROFILE

    Guy Schoenecker: BI

    Guy Schoenecker was raised in the small town of Eden Valley, Minn. His parents were in the plumbing, heating, and wiring business. After World War II, they had to be creative to survive in a small community, so they expanded their services by studying mortuary science and eventually opened and operated three funeral homes.

    As a teenager, Schoenecker helped his parents with their businesses and grew and sold vegetables on the side. He learned the importance of customer service in that small town, where “everyone knows everyone.”

    After high school, he enrolled at, and duly graduated from, the College of St. Thomas and went on to receive his law degree from the University of Minnesota Law School. To pay his way through school, Schoenecker built a thriving business selling diamonds and furniture to veterans returning to campus after World War II. (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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