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Sometimes you have to work with an idea to realize its potential. I doubt whether the prehistoric entrepreneur dashed into his cave yelling, ‘I’ve just discovered fire; let’s grill some ribs!

This column is one in a series that invites contemporary entrepreneurs to agree, disagree and generally reflect on some of the beliefs of Edward Lowe, an entrepreneur who “brought the cat indoors” with a revolutionary cat-box filler, Kitty Litter, and created an entirely new industry. Even after his death, Ed Lowe’s unadorned advice continues to stimulate dialogue among other successful entrepreneurs.

New Funding Sources for Minority-Owned Firms

Digital Library > Building and Inspiring an Organization > Minority-owned firms “New Funding Sources for Minority-Owned Firms” One of the first hurdles that minority-owned firms face is financing. In a 1999 Federal Reserve study, 68.5% of small businesses owned by black men were denied loans in the past three years. The vast majority of small-business owners (regardless of race) said…

Making Mistakes Can Make Money

Digital Library > Building and Inspiring an Organization > Success factors “Making Mistakes Can Make Money” There are two kinds of mistakes: those you make yourself and those that just happen. But mistakes can metamorphose into successes — it’s all in what you make of them. $975 MM Down — But Not Out No one knows that better than Donald…