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Which Counts More: Luck or Determination?

For all that is commonly said about hard work paying off, being in the right place at the right time helps, too. Bob Carmody and his late wife didn’t plan to launch a frozen treat business, but stumbled on the opportunity at the Taste of Chicago 25 years ago. A worker happened to bring a […]

Midwest Clean Tech 2010 Conference

Electric bike start-up cruises on sustainable energy

John LeStarge says his two-wheelers can beat public buses on crowded city streets. Sporting batteries that propel them at speeds up to 20 mph, the electric bikes also surpass other forms of transportation on cost-efficiency, traveling 15 miles on just a nickel of electricity, said LeStarge, owner of Chicago Electric Bicycles LLC. The company began […]

Full Circle: Reflecting on the transition to self-employment

Two years ago I joined the ranks of the unemployed, hung out a shingle and declared myself a sole proprietor. I felt like one of the lucky ones. I parachuted out of a soon-to-be-bankrupt company with a parting gift of several months’ pay and health-care contributions to stake me in whatever came next.

Minorities Build Businesses by Building Relationships

While many small companies try unsuccessfully for years to nab large contracts, Power’s human capital management and technology services company won a government assignment one month after it opened its doors in 2003, thanks to a personal contact, Powers said.