article thumbnail

How Do I Start Your Own Business?

Strategy Driven

Provide a Report. Instead of signing a lease in an upscale neighbourhood, prefer renting in a cheaper area or use a business incubator. In some places, universities and other organizations offer low-rent spaces designed for new business ventures, especially when accompanied by innovative scientific ideas.

article thumbnail

Why Older Entrepreneurs Have an Edge

Harvard Business Review

Charlton and Reid decided to launch TechTown, a nonprofit business incubator, which went on to spark a small renaissance in entrepreneurship in midtown Detroit. The National Journal reports that 9 of the nation's 15 million small-business owners were born before 1965.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business Review

From automotive to semiconductors to pharma to clean energy , America’s innovation centers have shifted east, offering growing evidence that the U.S. has lost what Harvard Business School’s Willy Shih calls the “ industrial commons ”: indispensable production skills and capabilities. federal government.

article thumbnail

Getting Buy-In for Innovation that Doesn’t Fade at the End of the Quarter

Harvard Business Review

Here are five steps an “intrapreneur” can take to create a Mission Analysis that satisfies the concerns and needs of both the corporate parent as well as the entrepreneurial business: Begin with the “What,” a clear and actionable mission for your business. Entrepreneurship Execution Innovation'