Print FriendlyClick here to print

Also Visit the Press Center for:

FSB

Highlights of the October 2005 Issue of FSB: FORTUNE Small Business

Work Smart, Play Hard, page 38
Aspiring entrepreneurs are always warned that they'll have to work harder than corporate employees. But the secret that veteran business owners often keep to themselves is that entrepreneurs have more fun-and not just at the office. While a recent study showed that 30% of business owners regularly work more than 60 hours a week, they can control when and—thanks to technology—where they put in those hours. FSB profiles 14 entrepreneurs who use clever time management, delegation, and wireless gadgets to get themselves away from the office. What pursuits draw them away from the office? They include martial arts, hiking, off-road racing, roller-coaster riding, working with disabled kids, flying vintage planes, playing polo, restoring antique cars, and collecting modern art. All in a day's work.

When One Little Guy Rolls Another, by Richard McGill Murphy, page 16
In the months since the Supreme Court's Kelo decision—which found that governments may effectively use eminent domain to transfer property from one private owner to another in order to enhance economic productivity and boost tax revenues—several municipalities have moved to take property from small businesses in hopes of doing just that. Some are cases of large companies replacing the corner store, but as Richard McGill Murphy reports, many fit less neatly into a David vs. Goliath story line.

Trends: The Battle for Your Baby's Brain, by Elaine Pofeldt, page 25
Your six-year-old child may not know a 3-wood from a 9-iron, but help is on the way. Entrepreneurs are creating new products that will familiarize your baby with the most esoteric of skills before it graduates from Pampers. And with the $2.8 billion infant-toy industry expanding at 10% a year—the most growth of any toy category—products that prepare children to do yoga, play golf, or meditate can expect to find many more young users.

Stream Line, by Cindy Waxer, page 62
Over the past decade, Kevin Cohee has built a small community lender in Boston—OneUnited Bank—into a national bank with $25 million in revenues last year. Cohee accomplished this by systematically acquiring local lenders from Miami to Los Angeles, and the bank now has nine branches in California, Florida, and Massachusetts. But what Cohee failed to predict was that his company's rapid expansion would send communication costs spiraling out of control. Cindy Waxer looks at how OneUnited-like an increasing number of small companies around the country—turned to voice over Internet protocol (VOIP) to solve its problems.

The Power of Profitable Thinking, by Maggie Overfelt, page 120
Since the late 1970s, Jim Fannin has been a performance coach for more than 100 professional athletes, including rising PGA tour player Charles Howell III, Olympic gold-medal-winning decathlete Dan O'Brien, and Yankee third-baseman Alex Rodriguez. Fannin says he helps them find the optimal mental state for performance—or "the zone." Now, adapting the proprietary system he uses with athletes, Fannin is teaching the same mindset to entrepreneurs who want to better motivate employees and build their companies.

# # #

For further information please contact:
Susan Brown Williams
212-522-0133
susan_williams@timeinc.com

 

 

Back to index