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Here’s Why Startups Fail (According to the Entrepreneurs)

No one ever said that starting a business is easy. According to a recent article in Forbes, eight out of 10 small businesses will fail within the first 18 months. The author of that article, Eric Wagner, lays out his opinion on why the failure rate is so high.

decision-making

Being Decisive: Avoiding Common Decision-Making Traps

Every day you’re faced with dozens of decisions—some big and some small. There’s no magic formula for making good decisions. Some people use a simple pros and cons checklist, while others try to weigh the best-and worst-case outcomes.

However, in their recent book Decisive: How to Make Better Choices in Life and Work, authors Chip Heath and Dan Heath describe the “four villains” of decision-making.

Jessica-Jansen

Student Profile: Jessica Janssen, Midland MBA Class of 2014

Jessica has been promoted since the publication of this post, and is now the Vice President of Development at Midland University.


Hi, Jessica. Tell us about your background.

I graduated from the University of Nebraska—Lincoln with a degree in business administration and have been in philanthropic roles most of my career. Most recently, I was Executive Director of the Fremont Area Community Foundation from 2010-2013, until I took a leap into the finance world with a job at First National Bank in Fremont.

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Freelancing: Baby Steps to Business Ownership

Starting and running your own small business can be a daunting proposition. Many people are accustomed to the security a regular job and recurring paycheck can offer. But, more people than ever are choosing to work for themselves, either part-time or full-time.

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The Billionaires' Book Club: Business Adventures

Earlier this year, a little-known, long out-of-print book with the title Business Adventures made the news.

So, what exactly is noteworthy about this book, which originally carried the ungainly title Business Adventures: Twelve Classic Tales from the World of Wall Street? The book was brought back into print in July 2014 through the efforts of Bill Gates and Warren Buffet.

Leslie-Donohue

Student Profile: Leslie Donohue, Midland MBA Class of 2014

Hi, Leslie. To start, could you please tell us a bit about your background and experience?

I graduated from Midland University in 2005, and went to work after graduating in the mortgage industry. I worked there for a short period of time doing entry-level work like you might expect, and moved in 2006 to FCSAmerica in their residential lending department.

decision-making

Decision-Making Tips for Good Leaders

Making good decisions is the hallmark of being a great leader. But it's not always enough to make “good” decisions—a manager also has to be decisive and quick with responses.

In his book Servant as Leader, Robert K. Greenleaf said, “On an important decision one rarely has 100% of the information needed for a good decision no matter how much one spends or how long one waits. And, if one waits too long, he has a different problem and has to start all over. This is the terrible dilemma of the hesitant decision maker.” 

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4 Questions to Ask Yourself before You Start a Small Business

Owning and running a small business is an exciting, yet challenging way to make a living. There are many upsides to being your own boss: unlimited earning potential, freedom to create a work-life balance that's suited uniquely to you, and the ability to make your own decisions without compromising your vision, just to name a few. With over 500,000 small businesses started each month in the U.S., it’s safe to say there are a lot of entrepreneurs.

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What Separates a Leader from a Manager?

Have you ever heard the terms manager and leader used interchangeably? It's not uncommon for companies to call their management level “the leadership team.” It's that kind of thinking that waters down the effectiveness of real leaders in an organization. In fact, leaders can reside in any level of an organization, while not every manager is really a “leader.”

Faculty Profile: Jill Slupe

Jill is CEO of Verde Martin, a sales consulting firm based in Omaha, Nebraska. She earned her MBA from Creighton University, where she is now an adjunct professor of business, and teaches sales and leadership in the Midland MBA program.

Hi, Jill. Tell us a little bit about your background.

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