By: Karl R. LaPan, President & CEO, Northeast Indiana Innovation Center In a recent Kauffman Growthology Report on proposed visa changes called “the international entrepreneur rule”, Kauffman opined “Many entrepreneurs use revenue as their investment capital, yet bootstrapping is not recognized in the proposed rule as a legitimate way to finance business growth.” While this […]
Read MoreBy: Karl R. LaPan, President & CEO, Northeast Indiana Innovation Center Highs and lows are part of life—and business in no exception. No enterprise is immune to the fickle and unpredictable nature of a competitive marketplace. The truth is that all business climates are entrenched in cyclical patterns, that business leaders must accept in exchange […]
Read MoreBy: Karl R. LaPan, President & CEO, Northeast Indiana Innovation Center As humans, we are inclined to bury and forget our failures. That’s because failure hurts and recalling past mistakes in our personal or professional lives can conjure up some painful or unpleasant memories. Despite all that, each of us needs to lean into failure […]
MoreBy: Karl R. LaPan, President & CEO, Northeast Indiana Innovation Center This is my second of a series of blogs on failure. This week I am focusing on marketing flops and the lessons learned. For every “win” out there in the marketplace in terms of innovation, there are likely at least nine other failures. It’s […]
Read MoreBy: Karl R. LaPan, President & CEO, Northeast Indiana Innovation Center Why do businesses fail? While most people naturally leap to under-capitalization as a key failure factor, an often overlooked factor is a lack of a support system—access to networks, trusted advisors and access to ‘know-who’ and ‘know-how’. As part of the NIIC’s 2016 strategic […]
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