Tag Archives: Entrepreneur

Mammas, Don’t Let Your Babies Grow Up To Be Web Entrepreneurs

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Mamas, don’t let your babies grow up to be web geeks,
Don’t let ’em write Java or HTML.
Let ’em be doctors and lawyers and such.
Mamas, don’t let your babies grow up to be web geeks,
‘Cuz they’ll work all night long and they’ll never get rich.
While Google makes all the cash.
(With apologies to Ed Bruce and Willie Nelson)

Most web entrepreneurs need OTHER day jobs. Millions of them make little or no money, despite delivering informative and/or entertaining content. And they may well spend more on SEO than they make. An expensive hobby …

Sears Roebuck Invented Mail Order, but Amazon Ate Its Lunch, and Now Brick & Mortar Retail Suffers

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Sears Roebuck was a hot stock when it held its IPO in 1906, and ninety years later its shares had grown 434,552 percent. But by 1973, when it opened the Sears Tower (at that time the tallest building in the world), it apparently had lost all or most of its entrepreneurial instrincts, and it let Amazon get started in 1994 and overtake it, apparently without any counter-offensive.

But Sears isn’t the only retailer who missed the resolutionary changes in retailing. Most department store chains are suffering from changes in people’s tastes and how and where they shop. And many shopping malls are shadows of their former selves. It will be very interesting to see if Amazon can innovate in the grocery category.