<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
	>

<channel>
	<title>Business &#38; MoneyCategory: Entrepreneurship &#124; Business &#38; Money &#124; TIME.com</title>
	<atom:link href="http://business.time.com/category/small-business/entrepreneurship-small-business/feed/" rel="self" type="application/rss+xml" />
	<link>http://business.time.com</link>
	<description>The latest news and commentary on the economy, the markets, and business</description>
	<lastBuildDate>Sun, 19 May 2013 17:10:51 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.com/</generator>
<cloud domain='business.time.com' port='80' path='/?rsscloud=notify' registerProcedure='' protocol='http-post' />
<image>
		<url>http://1.gravatar.com/blavatar/d8fe9c72e6ddb8decc694e4fdd84f015?s=96&#038;d=http%3A%2F%2Fs2.wp.com%2Fi%2Fbuttonw-com.png</url>
		<title>Business &#38; MoneyCategory: Entrepreneurship &#124; Business &#38; Money &#124; TIME.com</title>
		<link>http://business.time.com</link>
	</image>
	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://business.time.com/osd.xml" title="Business &#38; Money" />
	<atom:link rel='hub' href='http://business.time.com/?pushpress=hub'/>
		<item>
		<title>A Q&amp;A With the Real-Life Maker of &#8216;Arrested Development&#8217;s&#8217; Bluth&#8217;s Frozen Bananas</title>
		<link>http://business.time.com/2013/05/15/a-qa-with-the-real-life-maker-of-arrested-developments-bluths-frozen-bananas/</link>
		<comments>http://business.time.com/2013/05/15/a-qa-with-the-real-life-maker-of-arrested-developments-bluths-frozen-bananas/#comments</comments>
		<pubDate>Wed, 15 May 2013 13:00:56 +0000</pubDate>
		<dc:creator>Josh Sanburn</dc:creator>
				<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Hollywood]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Technology & Media]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=79989</guid>
		<description><![CDATA[To coincide with the release of Season 4 of &#8220;Arrested Development&#8221; on May 26, the Bluth&#8217;s Original Frozen Banana Stand is popping up in locations around New York and London. But these frozen bananas aren’t being hand-dipped by George-Michael. They’re made by Chuck Pheterson, the founder and president of Florida-based Totally Bananas, a man who hadn’t watched a single episode of the show when he started the company in 2009 and didn’t even realize his frozen bananas were the frozen bananas being handed out to &#8220;Arrested Development&#8221; fans this week – until I e-mailed him to set up the following interview. How did you get involved with the Netflix plan to offer frozen bananas at the replica Bluth&#8217;s Frozen Banana Stand? We sell through distribution channels, so for the most part, we don&#8217;t know where our product ends up. We started sending our product out last week, and another order this week for a total of about 14,000 bananas. We knew it was Netflix, but we didn’t really know what this was all about. Wait. So you didn’t know this was for the Bluth Booth? When I got your e-mail, we looked at it and said, holy moly! That’s when I found out. I thought this was a Netflix party. (WATCH: TIME on the Scene at &#8216;Arrested Development&#8217;s&#8217; Bluth&#8217;s Banana Stand) That would be quite the party. We have companies that buy thousands of bananas. So this wasn’t an unusual order for you guys. That’s mostly what we do. We supply all the Niagara Falls concessions on the Canadian side. We have products at CVS, at Shell stations throughout the state of Florida. Major zoos like the Bronx Zoo or the Audubon Zoo in New Orleans order from us. For me, this was just another order that I thought was for a company party. In our e-mail exchange, you said your phone was ringing off the hook. Do you now think it was related to Netflix and you didn’t realize it? Now, yeah. When we found out, we started sending out<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=79989&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/05/15/a-qa-with-the-real-life-maker-of-arrested-developments-bluths-frozen-bananas/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Entrepreneurship</primary_category><primary_category_link>http://business.time.com/category/small-business/entrepreneurship-small-business/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/05/cera.jpeg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2013/05/cera.jpeg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2013/05/cera.jpeg?w=240" medium="image">
			<media:title type="html">cera</media:title>
		</media:content>

		<media:content url="http://1.gravatar.com/avatar/d88247e41871fc555c4a2747167091d2?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">jsanburn</media:title>
		</media:content>
	</item>
		<item>
		<title>Viewpoint: Ben Bernanke, Enabler of America&#8217;s Fiscal Dysfunction</title>
		<link>http://business.time.com/2013/05/08/viewpoint-ben-bernanke-enabler-of-americas-fiscal-dysfunction/</link>
		<comments>http://business.time.com/2013/05/08/viewpoint-ben-bernanke-enabler-of-americas-fiscal-dysfunction/#comments</comments>
		<pubDate>Wed, 08 May 2013 09:45:34 +0000</pubDate>
		<dc:creator>Michael Sivy</dc:creator>
				<category><![CDATA[Austerity]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Currency]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Jobs]]></category>
		<category><![CDATA[Management & Leadership]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[Too-Big-To-Fail]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=79402</guid>
		<description><![CDATA[Federal Reserve chairman Ben Bernanke doesn’t get much respect. PIMCO’s Bill Gross, who oversees some of the country’s biggest bond portfolios, has warned that Bernanke risks rousing inflationary dragons.  NYU professor Nouriel Roubini, who correctly anticipated the 2008 financial crisis, has argued that Bernanke’s policies are failing to help the economy and are instead fueling a stock market bubble that will end in a financial crisis. Even experts who are sympathetic have been cutting at times. New York Times columnist Paul Krugman has acknowledged that the Fed chairman is a fine economist.  But his long-running disputes with Bernanke – known in some quarters as the Battle of the Beards – have included charges that Bernanke was assimilated by the Fed Borg, a reference to Star Trek’s collective alien intelligence that overwhelms individuality and personal will. Renowned investor and business magnate Warren Buffett has described Bernanke as &#8220;a gutsy guy,&#8221; but he has also criticized the Fed&#8217;s policies as brutal toward retirees, who depend on interest payments from their investments. Indeed, Bernanke himself acknowledged as much in a 2011 press conference: &#8221;We are quite aware that very low interest rates, particularly for a protracted period, do have costs for a lot of people. They have costs for savers. We have complaints from banks that their net interest margins are affected by low interest rates. Pension funds will be affected if low interest rates for a protracted period require them to make larger contributions. So we are aware of those concerns, and we take them very seriously. I think the response is, though, that there is a greater good here, which is the health and recovery of the U.S. economy.&#8221; (MORE: How Silicon Valley is Hollowing out the Economy) It’s understandable that a public official would feel obliged to do whatever is best for the country at any given moment. If the lack of sound long-term fiscal policies is holding back growth, then up to a point the Fed can justify pumping large quantities of money into the banking system as additional stimulus. But there is a limit. In the long run, excessive money creation may engender<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=79402&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/05/08/viewpoint-ben-bernanke-enabler-of-americas-fiscal-dysfunction/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Federal Reserve</primary_category><primary_category_link>http://business.time.com/category/economy-policy/federal-reserve-economy-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/05/162795895.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2013/05/162795895.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2013/05/162795895.jpg?w=240" medium="image">
			<media:title type="html">Ben S. Bernanke, chairman of the U.S. Federal Reserve, during a House Financial Services Committee hearing in Washington, D.C., on Feb. 27, 2013.</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/b8875a12f713f52ecc28fe72efed7fd4?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">michaelsivy</media:title>
		</media:content>
	</item>
		<item>
		<title>Staying Aloft as the Cupcake Bubble Deflates</title>
		<link>http://business.time.com/2013/04/27/staying-aloft-as-the-cupcake-bubble-deflates/</link>
		<comments>http://business.time.com/2013/04/27/staying-aloft-as-the-cupcake-bubble-deflates/#comments</comments>
		<pubDate>Sat, 27 Apr 2013 15:00:30 +0000</pubDate>
		<dc:creator>Sarah Max</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Food and Beverage Industry]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Start-Ups]]></category>
		<category><![CDATA[Work/Life Balance]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=78424</guid>
		<description><![CDATA[Before there seemed to be a Magnolia Bakery-inspired cupcake shop on every corner – or cupcake-themed reality shows on cable – Susan Sarich noticed that there weren&#8217;t many places to buy made-from-scratch baked goods. “Most people were getting their cakes and cookies from grocery stores,” says Sarich, who was previously director of catering for the Clift Hotel in San Francisco. “They were looking at the labels and wondering why there were 65 ingredients when there should only be five.” After spending more than a year developing a business plan and researching real estate in the Los Angeles area, Sarich and her partner, Houston Striggow, opened their first SusieCakes in Brentwood in 2006. The old-fashioned bakery was inspired by Sarich’s grandmothers, both avid bakers whose recipes for such goodies as Whoopie Pies and Vanilla Butter Cream frosting she inherited on 4&#215;6 index cards. (MORE: A Nation of Renters: Should We Be Worried That Fewer Americans Own Homes?) Today SusieCakes has eight locations in California and is working with a financial partner to expand into three to five more locations in the next 18 months. Sarich, who doesn&#8217;t franchise, says she plans to gradually build the brand nationally. “I see it becoming the neighborhood bakery in a lot of places,” she says. It might seem like a sugar-coated view, given that many experts are warning that Americans have had their fill of cupcakes, both from local shops and national chains. In June 2011 Crumbs Bake Shop went public on the NASDAQ stock exchange under the ticker CRMB. After briefly trading for more than $13 a share, the stock crumbled into the low single digits. A couple of weeks ago the stock took another big dive after the company said sales this year would be 22% lower than projected, and was recently trading around $1.40 a share – less than the price of one of its mini cupcakes. The Wall Street Journal met the news with this headline: &#8220;Forget Gold, the Gourmet-Cupcake Market Is Crashing.&#8221; SusieCakes does sell its share of cupcakes, but Sarich doesn&#8217;t worry about if and when the<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=78424&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/04/27/staying-aloft-as-the-cupcake-bubble-deflates/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Entrepreneurship</primary_category><primary_category_link>http://business.time.com/category/small-business/entrepreneurship-small-business/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/04/gedc0021.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2013/04/gedc0021.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2013/04/gedc0021.jpg?w=240" medium="image">
			<media:title type="html">GE DIGITAL CAMERA</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/3db8cd804a921bfa6f8a0ab92abe8cb6?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">sarahmaxtime</media:title>
		</media:content>
	</item>
		<item>
		<title>More Booze Please! The National Drive to Lift Restrictions on Alcohol-preneurs</title>
		<link>http://business.time.com/2013/04/24/more-booze-please-the-national-drive-to-lift-restrictions-on-alcohol-preneurs/</link>
		<comments>http://business.time.com/2013/04/24/more-booze-please-the-national-drive-to-lift-restrictions-on-alcohol-preneurs/#comments</comments>
		<pubDate>Wed, 24 Apr 2013 09:45:17 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Food and Beverage Industry]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[alcohol]]></category>
		<category><![CDATA[beer]]></category>
		<category><![CDATA[brewpub]]></category>
		<category><![CDATA[craft beer]]></category>
		<category><![CDATA[craft breweries]]></category>
		<category><![CDATA[liquor]]></category>
		<category><![CDATA[local]]></category>
		<category><![CDATA[Michigan]]></category>
		<category><![CDATA[nanobreweries]]></category>
		<category><![CDATA[nanobrewery]]></category>
		<category><![CDATA[New Hampshire]]></category>
		<category><![CDATA[restaurant]]></category>
		<category><![CDATA[spirits]]></category>
		<category><![CDATA[texas]]></category>
		<category><![CDATA[wine]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=78354</guid>
		<description><![CDATA[The craft beer industry has been on a tear, boasting a 17% rise in sales last year and continued growth expected going forward. Lately, it looks like a big surge is on tap not only for craft breweries, but small businesses that make wine and spirits as well. Like elected officials in virtually every state, Michigan Governor Rick Snyder has been an outspoken proponent of local businesses. Snyder even created something called the Office of Regulatory Reinvention a couple of years ago. It may sound like just another bureaucracy, but in fact its goal is to eliminate the red tape that snags entrepreneurs. In early 2013, a government newsletter was circulated boasting that the ORR had successfully helped to eliminate 1,000 regulations in Michigan since the office was opened. Apparently, most of these regulations were obsolete or pointless, and they were eliminated because they were burdens to local businesses. Lately, Governor Snyder and the Michigan Liquor Control Commission are pushing for reforms that would make it easier for local businesses to make and sell craft beer and other alcoholic beverages. The Detroit News listed a few of the ways that small businesses could be helped by the proposed changes: Allowing small wineries to offer tastings and sell their creations at farmers&#8217; markets through special permits. Letting microbreweries making up to 30,000 barrels of beer a year sell to wholesalers, to retailers and directly to customers in limited amounts. Permitting smaller distilleries to sell limited amounts of their liquor directly to bars, stores or restaurants. (MORE: Trouble Brewing? The Craft Beer Vs. &#8216;Crafty Beer&#8217; Catfight) Elsewhere in the country, Prohibition-era laws that affect mom-and-pop alcohol manufacturers—and perhaps scare some aspiring entrepreneurs from starting up businesses—are also being targeted as outdated and overly burdensome. In Texas, which welcomed 25 new craft breweries last year, state officials are currently considering legislation that would allow breweries to sell beer directly to the public (rather than through a distributor), and also allow brewpubs to work with distributors that would help sell their products in liquor<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=78354&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/04/24/more-booze-please-the-national-drive-to-lift-restrictions-on-alcohol-preneurs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Small Business</primary_category><primary_category_link>http://business.time.com/category/small-business/</primary_category_link>
		<media:content url="http://0.gravatar.com/avatar/f8de938518e7b986d552694ed99aa54d?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">bradtuttle</media:title>
		</media:content>
	</item>
		<item>
		<title>Crowdfunding Soared to $2.7 Billion in 2012, But Equity Funding Is Still On Ice</title>
		<link>http://business.time.com/2013/04/08/crowdfunding-soared-to-2-7-billion-in-2012-but-equity-funding-is-still-on-ice/</link>
		<comments>http://business.time.com/2013/04/08/crowdfunding-soared-to-2-7-billion-in-2012-but-equity-funding-is-still-on-ice/#comments</comments>
		<pubDate>Mon, 08 Apr 2013 15:43:55 +0000</pubDate>
		<dc:creator>Anita Hamilton</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=76969</guid>
		<description><![CDATA[Asking strangers for money has never seemed cooler. With stars like Kirsten Bell and Charlie Kaufman attaching their names to successful crowdfunding projects, the stigma of soliciting donations online has largely been eliminated. And now we have the numbers to prove it. According to a new report from Massolution out today, individual donors pledged $2.7 billion to more than a million crowdfunding campaigns across the globe in 2012—an 81% increase from 2011. “There is an immense desire to want to support the aspirations of entrepreneurs and people who are pursuing causes,” says Carl Esposti, CEO of the research firm. (MORE: Why the Next Hit Video Game May Be Crowdfunded) But while crowdfunding is clearly on a roll, a key aspect of the person-to-person financing revolution has still failed to launch: equity crowdfunding, which allows backers to become bona fide investors, not just donors, in the projects they support. According to the study, just 4% of all crowdfunding dollars were equity investments. Although last year&#8217;s JOBS act relaxed the laws on who can invest in a startup via crowdfunding in the U.S., the SEC has yet to draft the specific rules that would allow anyone to sink up to 5% of their annual income into such ventures. (Currently, equity crowdfunding is restricted to accredited investors with a net worth of $1 million or $200,000 in annual income.) Perhaps the most surprising finding of the study, which canvassed 585 sites to arrive at the $2.7 billion total, is that while slightly fewer campaigns got funded than in 2011, those that succeeded raised more money. On Kickstarter, the leading crowdfunding site, 17 projects banked more than $1 million in 2012, including the much-lauded Pebble smartwatch, which grossed a whopping $10.2 million. The study revealed some other key trends. While social causes still comprise the largest portion (27.4%) of successful campaigns, the highest-grossing projects were either games or gadgets. Those include the Pebble watch, the Ouya Android gaming console ($8.8 million), the Star Citizen video game ($7 million), the Project Eternity video game ($4.3<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=76969&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/04/08/crowdfunding-soared-to-2-7-billion-in-2012-but-equity-funding-is-still-on-ice/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Small Business</primary_category><primary_category_link>http://business.time.com/category/small-business/</primary_category_link>
		<media:content url="http://0.gravatar.com/avatar/04284a7f90abc61897790b84ac9790a6?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">anitafhamilton</media:title>
		</media:content>
	</item>
		<item>
		<title>Q&amp;A With the 17-Year-Old Who Sold an App to Yahoo for $30 Million</title>
		<link>http://business.time.com/2013/03/29/qa-with-the-17-year-old-who-sold-an-app-to-yahoo-for-30-million/</link>
		<comments>http://business.time.com/2013/03/29/qa-with-the-17-year-old-who-sold-an-app-to-yahoo-for-30-million/#comments</comments>
		<pubDate>Fri, 29 Mar 2013 07:00:35 +0000</pubDate>
		<dc:creator>Victor Luckerson</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Technology & Media]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=76078</guid>
		<description><![CDATA[Nick D&#8217;Aloisio took a big risk at the end of 2011 when he stopped attending high school regularly to focus on developing a mobile news app powered by a text-summarizing algorithm. This week his bet paid off. Yahooo purchased D&#8217;Aloisio&#8217;s app, Summly, for a reported $30 million, and now the 17-year-old has a full-time job in the tech giant&#8217;s London office. D&#8217;Aloisio stopped by the TIME office to discuss his previous apps, how Summly will affect the media landscape, and what his girlfriend thinks about his newfound fame. How did Summly come about? I thought of the idea of Summly in March or April 2011. I was 15 years old and I was revising for some kind of history exam. The problem was I was trying to find information that was useful to me. When you type into Google an esoteric term, you get quite a lot of stuff that’s not relevant. If you could come up with a textual preview, that would give you a snapshot of the full story. I put together an iPhone app called TrimIt and released that in July 2011. About a month later, the private fund of the Hong Kong billionaire Li-Kashing cold emailed me and expressed an interest to invest, but they didn’t realize I was 15. They thought it was a UK company with a team. It turned out that they actually liked my age because it demonstrated I was net-native, so I’d only grown up with the Internet. They flew to London about a month later and invested $300,000. That kick-started this whole journey. What got you interested in app development? It was the opportunity to be on an equal playing field with the biggest companies and publishers in the world. The App Store has democratized the creation of content. As a 12-year-old kid I was able to put my application on the store. No one knows who’s behind the screen so you can’t tell I’m a 12-year-old. I was very careful not to publicly give my age prior to the<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=76078&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/03/29/qa-with-the-17-year-old-who-sold-an-app-to-yahoo-for-30-million/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Entrepreneurship</primary_category><primary_category_link>http://business.time.com/category/small-business/entrepreneurship-small-business/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/03/wp2s5z0456.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2013/03/wp2s5z0456.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2013/03/wp2s5z0456.jpg?w=240" medium="image">
			<media:title type="html">Nick D&#039;Aloisio</media:title>
		</media:content>

		<media:content url="http://1.gravatar.com/avatar/40c4f40351434bf8e04405d4231aaecd?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">vluck2012</media:title>
		</media:content>
	</item>
		<item>
		<title>The Most Important Task You&#8217;re Ignoring</title>
		<link>http://business.time.com/2013/03/14/most-important-task-youre-ignoring/</link>
		<comments>http://business.time.com/2013/03/14/most-important-task-youre-ignoring/#comments</comments>
		<pubDate>Thu, 14 Mar 2013 16:46:07 +0000</pubDate>
		<dc:creator>Ido Leffler</dc:creator>
				<category><![CDATA[Career Strategies]]></category>
		<category><![CDATA[Careers & Workplace]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Small Business]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=74624</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=74624&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/03/14/most-important-task-youre-ignoring/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Small Business</primary_category><primary_category_link>http://business.time.com/category/small-business/</primary_category_link>
		<media:content url="http://1.gravatar.com/avatar/44310a1af940f994952d1e4db73096cd?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">TIME.com</media:title>
		</media:content>

		<media:content url="http://timebusinessblog.files.wordpress.com/2012/04/125x57-inc.png" medium="image">
			<media:title type="html">125x57-inc</media:title>
		</media:content>
	</item>
		<item>
		<title>Loan Out Your Car at the Airport for Free Parking, Free Car Wash &amp; Bonus Gas Money</title>
		<link>http://business.time.com/2013/02/25/loan-out-your-car-at-the-airport-for-free-parking-free-car-wash-bonus-gas-money/</link>
		<comments>http://business.time.com/2013/02/25/loan-out-your-car-at-the-airport-for-free-parking-free-car-wash-bonus-gas-money/#comments</comments>
		<pubDate>Mon, 25 Feb 2013 15:00:29 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Autos]]></category>
		<category><![CDATA[Borrowing]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Saving]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Smart Spending]]></category>
		<category><![CDATA[Start-Ups]]></category>
		<category><![CDATA[Tourism]]></category>
		<category><![CDATA[Travel]]></category>
		<category><![CDATA[car rentals]]></category>
		<category><![CDATA[car sharing]]></category>
		<category><![CDATA[FlightCar]]></category>
		<category><![CDATA[Getaround]]></category>
		<category><![CDATA[peer to peer]]></category>
		<category><![CDATA[RelayRides]]></category>
		<category><![CDATA[rentals]]></category>
		<category><![CDATA[sharing]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=72570</guid>
		<description><![CDATA[Parking at the airport can easily run $20 per day. That&#8217;s in the &#8220;cheap&#8221; long-term lot, requiring a long shuttle ride to the terminal. Valet service can cost way more. But what if you could get airport parking valet service totally for free—with a car wash and free gas to boot? That&#8217;s the gist of the offer from a startup called FlightCar, which began offering its service at San Francisco International Airport in early February. What&#8217;s the catch? In exchange for free parking, a free car wash, and a gas card worth up to $10 for each day the car is left behind, owners agree to allow FlightCar to rent out their vehicles to customers &#8212; i.e., strangers. The business model basically brings peer-to-peer car rental services such as Getaround and RelayRides to the airport. And if you think about it, the airport is the perfect place for a rental handoff. Sign up with FlightCar, and a valet meets you at the airport. That saves drivers the trouble of having to park in the long-term lot and hop on the shuttle to the gate. When a car owner is on a trip, he&#8217;s obviously not using the vehicle, so it&#8217;s OK that he won&#8217;t have wheels for the agreed-upon time. What&#8217;s more, a vehicle becomes a money-loser, to the tune of $10, $15, perhaps even $35 per day, when it&#8217;s sitting idle parked at the airport. (MORE: Pay Less For Sporting Event Tickets &#8212; After You&#8217;ve Already Bought Them) Those daily fees disappear, however, when the owner agrees to work with FlightCar. Complimentary car washes are thrown into the deal—before and after the car is loaned out—and owners receive gas cards worth $10 for each day the vehicle is rented. FlightCar says it pre-screens all customers and insures vehicles up to $1 million. Wired notes that the company eases the minds of car owners in a few other ways as well: FlightCar also foots the bill if anything less dramatic goes wrong during the rental, including refilling your tank if<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=72570&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/02/25/loan-out-your-car-at-the-airport-for-free-parking-free-car-wash-bonus-gas-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Start-Ups</primary_category><primary_category_link>http://business.time.com/category/small-business/start-ups-small-business/</primary_category_link>
		<media:content url="http://0.gravatar.com/avatar/f8de938518e7b986d552694ed99aa54d?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">bradtuttle</media:title>
		</media:content>
	</item>
		<item>
		<title>Quit Your Day Job? 5 Things to Ponder First</title>
		<link>http://business.time.com/2013/02/12/quit-your-day-job-5-things-to-ponder-first/</link>
		<comments>http://business.time.com/2013/02/12/quit-your-day-job-5-things-to-ponder-first/#comments</comments>
		<pubDate>Tue, 12 Feb 2013 18:36:59 +0000</pubDate>
		<dc:creator>Steve Tobak</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Start-Ups]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=70434</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=70434&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/02/12/quit-your-day-job-5-things-to-ponder-first/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Small Business</primary_category><primary_category_link>http://business.time.com/category/small-business/</primary_category_link>
		<media:content url="http://1.gravatar.com/avatar/44310a1af940f994952d1e4db73096cd?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">TIME.com</media:title>
		</media:content>

		<media:content url="http://timebusinessblog.files.wordpress.com/2012/04/125x57-inc.png" medium="image">
			<media:title type="html">125x57-inc</media:title>
		</media:content>
	</item>
		<item>
		<title>Lessons in Socialism: How Cuba Can Become Relevant Again</title>
		<link>http://business.time.com/2013/02/06/lessons-in-socialism-how-cuba-can-become-relevant-again/</link>
		<comments>http://business.time.com/2013/02/06/lessons-in-socialism-how-cuba-can-become-relevant-again/#comments</comments>
		<pubDate>Wed, 06 Feb 2013 15:00:09 +0000</pubDate>
		<dc:creator>Dan Kadlec</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Financial Reform]]></category>
		<category><![CDATA[Financial Regulation]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Real Estate & Homes]]></category>
		<category><![CDATA[The Economy]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=69595</guid>
		<description><![CDATA[Havana, Cuba — In this once spectacular tropical city, three buildings collapse from neglect every single day. There has been little infrastructure investment in 50 years and the average worker earns $20 a month. By almost any economic measure, socialism under Fidel Castro has been an abject failure. Yet things are beginning to change. Presumed to be ailing, Castro has handed power to his brother Raul, who is permitting modest levels of private enterprise and home ownership. Meanwhile, President Obama has eased U.S. travel restrictions to Cuba. Legal passage from the States has soared more than 10-fold in a decade. Most of the 600,000 U.S. residents expected to visit Cuba this year have family there, but conventional tourism is on the rise as well. I was there in January on a people-to-people visa. Critics worry that tourist dollars will prop up the failed socialist system and prolong its grip. But based on my trip, there&#8217;s reason to believe the opposite may prove to be the case: Spirited young entrepreneurs are rising from Havana’s rubble to take advantage of these small but important signs of economic liberalization. Interestingly, Cuba&#8217;s glacial but perceptible shift to the right comes as the U.S. has turned sharply to the left, raising income taxes on the rich and searching for other means to redistribute wealth. I was introduced to this burgeoning new economic order through a young entrepreneur I’ll call Javier.  Javier did not ask that I not use his real name, but after speaking frankly with me about emerging Cuban business opportunities, Javier worried that he had made dangerous political statements. If he were judged to be subversive, his budding business empire could be shut down in minutes. (MORE: Is it Time to Rethink the Role of Credit Agencies?) Javier is 31 years old. He’s college educated, speaks fluent English, and calls himself “ambitious and restless.” He has taken advantage of the fledgling residential real estate market in Havana, brokering home sales from struggling Cubans to fellow countrymen with money sent from family in the U.S. and abroad. (Foreigners are<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=69595&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/02/06/lessons-in-socialism-how-cuba-can-become-relevant-again/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Economy &amp; Policy</primary_category><primary_category_link>http://business.time.com/category/economy-policy/</primary_category_link>
		<media:content url="http://1.gravatar.com/avatar/d69b05e696e822e7e41ae630be72226a?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">dankadlec</media:title>
		</media:content>
	</item>
		<item>
		<title>Reinventing the Pawn Shop</title>
		<link>http://business.time.com/2013/01/17/reinventing-the-pawn-shop/</link>
		<comments>http://business.time.com/2013/01/17/reinventing-the-pawn-shop/#comments</comments>
		<pubDate>Thu, 17 Jan 2013 18:00:01 +0000</pubDate>
		<dc:creator>Sarah Max</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Small Business]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=64344</guid>
		<description><![CDATA[When his family lost their Colorado farm in the late 1980s, a young Todd Hills went into town to pawn his saddle. “I got a lot less than the saddle was worth,&#8221; says Hills, &#8221;but I walked away with a job.” That&#8217;s right: He went to work for the pawn broker &#8212; and had soon worked his way up the company ladder. He later struck out on his own and eventually sold his own 30-store pawn operation to a publicly traded firm in 2007. At that point, he stepped back and looked at the industry through a different lens. He saw two phenomena going on at the same time. One, the internet was developing into an ideal medium for scaling the traditional pawn model. And two, the financial crisis was creating a new kind of cash-crunched customer – middle- and upper-class folks, as well as  entrepreneurs, looking for a financing alternative. In 2009, Hills launched  Pawngo, which he initially called Internet Pawn. “At first people thought I was crazy to think people would mail in their valuables,” says Hills. Yet, the convenience and discretion of pawning items from home seemed to trump concerns about losing grandma’s silver in the mail. Customers apply online and receive an initial estimate within seconds. They overnight the items free of change and fully insured, and funds are typically deposited into customer bank accounts within 24 hours. (MORE: Will Japan&#8217;s New Prime Minister Start a Debt Crisis?) Pawngo isn’t the only game in town – iPawn.com, Pawntique.com, and PawnUp.com have similar models – but with about $13 million in funding and guidance from Lightbank (Groupon&#8217;s founders turned venture capitalists), Pawngo is making big strides. The company  generated about $6 million in revenue in 2012, up from $1.3 million the year before. As Hills surmised, online users are considerably different than traditional pawn clientele, whom Hills describes as people needing a couple hundred bucks to pay their cell phone bill. Pawngo’s average loan is $2,800, and many customers are small business owners or self-employed professionals needing to cover a<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=64344&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/01/17/reinventing-the-pawn-shop/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Entrepreneurship</primary_category><primary_category_link>http://business.time.com/category/small-business/entrepreneurship-small-business/</primary_category_link>
		<media:content url="http://0.gravatar.com/avatar/3db8cd804a921bfa6f8a0ab92abe8cb6?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">sarahmaxtime</media:title>
		</media:content>
	</item>
		<item>
		<title>Beyond the Debt Ceiling: 6 Easy Ways Washington Can Help Small Business</title>
		<link>http://business.time.com/2013/01/15/beyond-the-debt-ceiling-6-easy-ways-washington-can-help-small-business/</link>
		<comments>http://business.time.com/2013/01/15/beyond-the-debt-ceiling-6-easy-ways-washington-can-help-small-business/#comments</comments>
		<pubDate>Tue, 15 Jan 2013 15:00:10 +0000</pubDate>
		<dc:creator>Scott Gerber</dc:creator>
				<category><![CDATA[Economy & Policy]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Jobs]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=66747</guid>
		<description><![CDATA[It’s no secret that entrepreneurs and small business owners &#8212; who, incidentally, vote in droves &#8212; are unhappy with Washington. We’re told small business is a priority, but partisan gridlock has sidelined the issues we hold most dear. If President Obama and our Congressional leaders are really ready to work together to reboot the economy over the next four years, there’s some low-hanging fruit they can get to work on tomorrow. While we certainly need the major macro issues dealt with &#8212; responsibly handling the debt ceiling and sequestration, continuing to remove burdensome regulations and red tape and revising the tax code &#8212; I believe the following six micro-steps would spur entrepreneurial growth in a variety of sectors, no partisan disputes required: 1. Pass one of the “entrepreneur visa” proposals on the table. I am encouraged that President Obama has stated he will make immigration one of the major pillars of his second term. Why common-sense proposals like the Startup Visa Act, Brains Act and Startup Act 2.0 have languished for so long is beyond me. Any one of these would help address the skills gap &#8211; the inability of willing employers to find workers with the right skills and qualifications &#8211; by enabling qualified, job-creating immigrant entrepreneurs to open more U.S. businesses. The latest, Startup Act 2.0, is backed by both sides of the aisle (not to mention Silicon Valley). It would create a new visa category for U.S.-educated foreigners with a master’s or higher degree in a science, tech, engineering, or math (STEM) field. It would create an entrepreneurial visa for investors. It would also eliminate the per-country cap for employment-based visas. (MORE: NBA Teams Struggle to Fill Arenas) This isn’t rocket science &#8212; we absolutely must enable qualified, funded entrepreneurs capable of employing U.S. citizens to set up shop here more easily. Do the math: More than 40% of Fortune 500 companies were founded by immigrants or their children. In Silicon Valley alone, 52% of all startups are immigrant-founded. This isn&#8217;t about taking jobs away from Americans, it&#8217;s about utilizing key personnel<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=66747&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/01/15/beyond-the-debt-ceiling-6-easy-ways-washington-can-help-small-business/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Entrepreneurship</primary_category><primary_category_link>http://business.time.com/category/small-business/entrepreneurship-small-business/</primary_category_link>
		<media:content url="http://0.gravatar.com/avatar/0ec7c78e37035740217636b5a414aa44?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">theyoungentrepreneurcouncil</media:title>
		</media:content>
	</item>
		<item>
		<title>187,000 Lb. of Marijuana Annually? Legal Pot Business to Bloom in Washington</title>
		<link>http://business.time.com/2013/01/08/187000-pounds-of-marijuana-annually-legal-pot-business-to-bloom-in-washington/</link>
		<comments>http://business.time.com/2013/01/08/187000-pounds-of-marijuana-annually-legal-pot-business-to-bloom-in-washington/#comments</comments>
		<pubDate>Tue, 08 Jan 2013 20:27:30 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Agriculture]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Food and Beverage Industry]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[cannabis]]></category>
		<category><![CDATA[Club 64]]></category>
		<category><![CDATA[colorado]]></category>
		<category><![CDATA[marijuana]]></category>
		<category><![CDATA[medical marijuana]]></category>
		<category><![CDATA[pot]]></category>
		<category><![CDATA[washington]]></category>
		<category><![CDATA[weed]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=66042</guid>
		<description><![CDATA[Voters in Colorado and Washington recently approved the legalization of marijuana for recreational — not &#8220;medical&#8221; — purposes. But this hardly means that the business of growing and dispensing of pot will be all fun and games. A big Seattle Times story reveals what Washington residents and entrepreneurs intrigued with the business aspects of legal marijuana can expect, largely based on what&#8217;s been taking place for years in Colorado&#8217;s medicinal-marijuana industry. &#8220;This is not your father&#8217;s marijuana,&#8221; the story quotes Colorado Governor John Hickenlooper as saying. Hickenlooper was talking about the increased potency of many of today&#8217;s strains of pot. But he could have also been addressing the vastly different way that the marijuana business is currently conducted. The gist is that it&#8217;s just that — a business — and one of the most tightly regulated on the planet at that. For a license to grow or sell pot in Colorado, would-be entrepreneurs have to go through background checks, submit years of bank statements, and cough up deposits and licensing and application fees that often add up to a hefty $500,000. Regulations also require 24/7 video surveillance — accessible to the police over the Internet — at marijuana dispensaries and farms where pot is grown. Each and every one of the thousands of pot plants grown in the state must also be labeled with a bar code, so that they can be tracked. TIME has previously reported that every worker in Colorado&#8217;s marijuana industry must be officially licensed and that records must be kept of the weight, departure and arrival of truck shipments of pot. Why all the regulation? One owner of a Colorado marijuana-growing operation offered this insight to the Seattle Times: &#8216;I think a lot of the info they required weeded out a lot of people who would have been bad for the industry,&#8217; said Kayvan Khalatbari, co-owner of Denver Relief. (MORE: Grass Roots: The Beginning of the End of Pot Prohibition) When you work in the marijuana field, making puns such as &#8220;growing like a weed&#8221; and &#8220;weeding<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=66042&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/01/08/187000-pounds-of-marijuana-annually-legal-pot-business-to-bloom-in-washington/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Agriculture</primary_category><primary_category_link>http://business.time.com/category/companies-industries/agriculture-companies-industries/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/97541776-e1357592612853.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2013/01/97541776-e1357592612853.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2013/01/97541776-e1357592612853.jpg?w=240" medium="image">
			<media:title type="html">Close-up of Marijuana Plant</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/f8de938518e7b986d552694ed99aa54d?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">bradtuttle</media:title>
		</media:content>
	</item>
		<item>
		<title>Does Selling Out to Avis Represent Success for ZipCar? Failure? Something Else?</title>
		<link>http://business.time.com/2013/01/03/does-selling-out-to-avis-represent-success-for-zipcar-failure-something-else/</link>
		<comments>http://business.time.com/2013/01/03/does-selling-out-to-avis-represent-success-for-zipcar-failure-something-else/#comments</comments>
		<pubDate>Thu, 03 Jan 2013 14:17:43 +0000</pubDate>
		<dc:creator>Brad Tuttle</dc:creator>
				<category><![CDATA[Autos]]></category>
		<category><![CDATA[Companies & Industries]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Saving & Spending]]></category>
		<category><![CDATA[Smart Spending]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Travel]]></category>
		<category><![CDATA[Avis]]></category>
		<category><![CDATA[Avis Budget]]></category>
		<category><![CDATA[Avis Budget Group]]></category>
		<category><![CDATA[Capital One]]></category>
		<category><![CDATA[car rentals]]></category>
		<category><![CDATA[car sharing]]></category>
		<category><![CDATA[ing direct]]></category>
		<category><![CDATA[rental cars]]></category>
		<category><![CDATA[Zipcar]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65647</guid>
		<description><![CDATA[ZipCar is by far the world&#8217;s largest car-sharing company. It has 760,000 members—up from just 50,000 half a dozen years ago—and leads what some expect to be a $10 billion market down the road. The business model has been heralded as a game changer, potentially disrupting car sales and traditional car rentals alike. So what does it mean now that ZipCar has been purchased by a traditional rental car company? In 2006, Scott Griffith, CEO of the upstart (and still largely unknown) car-sharing service ZipCar told TIME the following: &#8220;After growing up in Pittsburgh in the 80s watching the decline of the steel industry, I never wanted to be at the twilight of a company,&#8221; he says. &#8220;I&#8217;m interested in creating new categories and shifting industry in some way.&#8221; Indeed, ZipCar not only became the main player in the new business category of car sharing—rentals generally with hourly (rather than daily or weekly) rates, and only for members who pay an annual fee—but has arguably been the leading member of what might be called the national rental movement. It&#8217;s this movement in which consumers—younger ones especially—have eschewed the purchase of homes, fashion, tech, and, yes, automobiles in favor of sharing, borrowing, or renting them whenever the need arises, usually with the help of the Internet. Why be tied down to the cost and commitment of ownership, after all, when an occasional rental will do? (MORE: Rental Nation) In light of Griffith&#8217;s above quote, as well as ZipCar&#8217;s reputation as a forward-looking operation in general, it may seem odd that the company would join forces with one that fits smack in the center of a decidedly old-fashioned business category—the very industry that ZipCar once seemed poised to disrupt and shift. On Wednesday, Avis Budget announced that it was acquiring ZipCar for $12.25 per share—a deal worth nearly $500 million. Naturally, all involved parties celebrated the occasion with the obligatory upbeat quotes. In the official statement, for instance, ZipCar&#8217;s Griffith said he was &#8220;delighted to announce our intention to join the Avis<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65647&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2013/01/03/does-selling-out-to-avis-represent-success-for-zipcar-failure-something-else/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Autos</primary_category><primary_category_link>http://business.time.com/category/companies-industries/autos-companies-industries/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/04/zipcar1.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/04/zipcar1.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/04/zipcar1.jpg?w=240" medium="image">
			<media:title type="html">Zipcar</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/f8de938518e7b986d552694ed99aa54d?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">bradtuttle</media:title>
		</media:content>
	</item>
		<item>
		<title>5 Biggest Leadership Lessons From 2012</title>
		<link>http://business.time.com/2012/12/13/5-biggest-leadership-lessons-from-2012/</link>
		<comments>http://business.time.com/2012/12/13/5-biggest-leadership-lessons-from-2012/#comments</comments>
		<pubDate>Thu, 13 Dec 2012 16:41:04 +0000</pubDate>
		<dc:creator>Les McKeown</dc:creator>
				<category><![CDATA[Careers & Workplace]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Small Business]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=64121</guid>
		<description><![CDATA[<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=64121&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/12/13/5-biggest-leadership-lessons-from-2012/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Small Business</primary_category><primary_category_link>http://business.time.com/category/small-business/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2011/10/stevejobsspeaking1.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2011/10/stevejobsspeaking1.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2011/10/stevejobsspeaking1.jpg?w=240" medium="image">
			<media:title type="html">Steve Jobs</media:title>
		</media:content>

		<media:content url="http://1.gravatar.com/avatar/44310a1af940f994952d1e4db73096cd?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">TIME.com</media:title>
		</media:content>

		<media:content url="http://timebusinessblog.files.wordpress.com/2012/04/125x57-inc.png" medium="image">
			<media:title type="html">125x57-inc</media:title>
		</media:content>
	</item>
		<item>
		<title>Ugly Sweaters for All: Skedouche Specializes in Kitschy Holiday Clothes, Some Naughty, Some Nice</title>
		<link>http://business.time.com/2012/12/06/ugly-sweaters-for-all-skedouche-specializes-in-kitschy-holiday-clothes-some-naughty-some-nice/</link>
		<comments>http://business.time.com/2012/12/06/ugly-sweaters-for-all-skedouche-specializes-in-kitschy-holiday-clothes-some-naughty-some-nice/#comments</comments>
		<pubDate>Thu, 06 Dec 2012 15:00:26 +0000</pubDate>
		<dc:creator>Sarah Max</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Small Business]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=62694</guid>
		<description><![CDATA[Before “ugly sweater” parties became all the rage, John Kaplar liked to show up at holiday events donning prancing reindeer and jingling stockings. “I’m the guy who likes to dress up for parties,” says Kaplar, 29. Still, it wasn’t easy finding holiday sweaters that fit his 6’ 4” foot frame. “I was frustrated with the lack of tacky sweaters in men’s sizes,” says Kaplar, who used to search the women’s section at places like J.C. Penney or Walmart for festive tops. “I was forced to wear vests.” (MORE: Are Holiday Sales Statistics Juiced?) In 2009, he started designing his own holiday apparel, which he sells on his website, Skedouche.com. (The name was inspired by a phrase in the movie Kung Fu Panda.) The site now sells a few dozen different designs for men, women, children and dogs, with prices ranging from $49.99 to $82.99. Traffic around this time of year, says Kaplar, is anywhere from 1,000 to 30,000 hits a day. Meanwhile, sales have doubled every year since the launch. Celebrity fans have helped the kitschy cause. Last year Jimmy Fallon gave away two Skedouche creations during his 12 days of Christmas Sweaters. Barbara Walters wore one of the designs on her program, &#8220;The View.&#8221; It was lime green with candy canes. Zach Galifianakis’s character dons one in the movie The Campaign. Other sites, Tipsy Elves and JingleBallz.com among them, also hawk irreverent sweaters. Still, Kaplar thinks there’s plenty of demand to keep him in business. In addition to using Facebook ads and Google AdWords, Kaplar promotes his sweaters via such events as the Ugly Sweater Run, which is in eight cities this year, and the Christmas Crawl – a tacky sweater bar crawl in Washington, D.C. Designing and selling sweaters could easily consume all of Kaplar’s time. For now, however, he works on military software by day, and runs the company out of his Virginia home on nights and weekends. During the holidays, he takes time off from work and brings in a couple employees to help fill orders. Not surprisingly, most<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=62694&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/12/06/ugly-sweaters-for-all-skedouche-specializes-in-kitschy-holiday-clothes-some-naughty-some-nice/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Entrepreneurship</primary_category><primary_category_link>http://business.time.com/category/small-business/entrepreneurship-small-business/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/12/holiday_sweater_1206.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/12/holiday_sweater_1206.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/12/holiday_sweater_1206.jpg?w=240" medium="image">
			<media:title type="html">Reindeer Christmas Cardigan</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/3db8cd804a921bfa6f8a0ab92abe8cb6?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">sarahmaxtime</media:title>
		</media:content>
	</item>
		<item>
		<title>Why Bravo’s Start-Ups: Silicon Valley Is Bad for Entrepreneurship</title>
		<link>http://business.time.com/2012/12/04/why-bravos-start-ups-silicon-valley-is-bad-for-entrepreneurship/</link>
		<comments>http://business.time.com/2012/12/04/why-bravos-start-ups-silicon-valley-is-bad-for-entrepreneurship/#comments</comments>
		<pubDate>Tue, 04 Dec 2012 13:00:05 +0000</pubDate>
		<dc:creator>Scott Gerber</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Start-Ups]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Bravo]]></category>
		<category><![CDATA[reality TV]]></category>
		<category><![CDATA[Startups: Silicon Valley]]></category>
		<category><![CDATA[tv]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=62744</guid>
		<description><![CDATA[There is probably nothing I can say about the Bravo reality-TV show Start-Ups: Silicon Valley that hasn&#8217;t already been said by critics, tweeted by members of Silicon Valley&#8217;s technorati or laughed at by real start-up founders in the trenches. Even so, allow me to explain why this show is more than just a poor representation of the Valley or bad entertainment — it&#8217;s flat-out dangerous for America&#8217;s youth entrepreneurship movement. Bravo’s show purports to cover “the intertwining lives” of a group of young up-and-coming entrepreneurs in the Valley as they joust for venture-capital funding, toil round-the-clock in a high-pressure &#8220;work hard, play hard&#8221; environment and try to become the next Mark Zuckerberg–size success story. Unfortunately, this is one reality show that strays far, far away from reality, misleading younger viewers in particular with inaccurate expectations about entrepreneurship — especially with the notion that &#8220;the life&#8221; is more important than the work required to achieve it. More Spray Tan than Substance Start-Ups offers a handful of genuinely valuable moments — an insider&#8217;s peek at when employee-turned-entrepreneur Kim Taylor decides to leave her job and start a business of her own, for instance; or when the unfocused upstart Ben Way mentions to an investor that he has over 40 companies, which comes off as amateurish bragging. But these moment are few and far between. Instead, the majority of a typical episode&#8217;s 44 minutes are devoted to filler (personal drama, fashion, spray tanning, partying) that plays to the lowest common denominator. (MORE: 9 Dream Jobs That Actually Pay) It’s curious, because there’s already at least one show on air proving that there is, in fact, an audience for the valuable stuff — that, in other words, the reality of start-ups can make for good TV. ABC’s Shark Tank is widely praised by entrepreneurs and audiences alike because it’s both entertaining to watch (the VC panel regularly slings funny, sharp-tongued one-liners) and informative (it shows viewers what it&#8217;s really like to pitch and negotiate with top investors). Is Shark Tank hammed up for the sake of TV viewers? Of course. But, unlike Start-Ups,<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=62744&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/12/04/why-bravos-start-ups-silicon-valley-is-bad-for-entrepreneurship/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Entrepreneurship</primary_category><primary_category_link>http://business.time.com/category/small-business/entrepreneurship-small-business/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/12/1500_sil.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/12/1500_sil.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/12/1500_sil.jpg?w=240" medium="image">
			<media:title type="html">1500_sil</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/0ec7c78e37035740217636b5a414aa44?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">theyoungentrepreneurcouncil</media:title>
		</media:content>
	</item>
		<item>
		<title>Shred the Punchcards: Belly Updates Customer Loyalty Programs</title>
		<link>http://business.time.com/2012/11/29/shred-the-punchcards-belly-updates-customer-loyalty-programs/</link>
		<comments>http://business.time.com/2012/11/29/shred-the-punchcards-belly-updates-customer-loyalty-programs/#comments</comments>
		<pubDate>Thu, 29 Nov 2012 17:24:03 +0000</pubDate>
		<dc:creator>Sarah Max</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Small Business]]></category>
		<category><![CDATA[Start-Ups]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=61847</guid>
		<description><![CDATA[Jake Dickson, owner of Dickson’s Farmstand Meats wanted to create a loyalty plan for customers who come to his New York City butcher shops for everything from housemade hot dogs to locally-sourced artisanal meat. “For my business, it didn&#8217;t make sense to have a classic punchcard,” says Dickson, who runs two stores, one in the Chelsea Market and one in Tribeca. So when a representative from customer loyalty program Belly came into the store about six months ago, Dickson was all ears. “I usually kick out sales people when they walk in,” he says. “This time I jumped on it.” Launched in August 2011, Belly is a rewards program that lets small merchants customize their frequent-shopper perks and, perhaps more importantly, get better insight into when and what their customers are buying. After a free 30-day trial, merchants pay $50 to $100 for the program, which includes a dedicated iPad for tracking customer visits and rewards. (MORE: Holiday Season&#8217;s Early Hot Sellers) Customers carry a single card that works at all participating merchants, or they can simply download the Belly app and swipe their smartphone. At Dickson’s, customers get five points for every purchase, whether it’s a $5 hot dog or a $50 cut of meat. When they get to 30 points they earn a free hot dog. At 120 points they get all the beef jerky they can grab with one hand. Customers who manage to accumulate 1,500 points will have a cut of steak named in their honor. Until recently, ma and pa shops didn&#8217;t have a whole lot of options when it came to bringing traffic into stores, tracking consumer behavior, or enticing people to keep coming back. That’s changed dramatically in the past couple of years as startups and established players alike vie to bring offline merchants into the digital space. Belly is hardly alone in its campaign to reinvent the old paper punchcard. Google has brought its own customer-loyalty program, Punchd, into the fold, and last June mobile-payment company Square also launched a digital loyalty program. Yet, Belly has managed<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=61847&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/11/29/shred-the-punchcards-belly-updates-customer-loyalty-programs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Small Business</primary_category><primary_category_link>http://business.time.com/category/small-business/</primary_category_link>
		<media:content url="http://0.gravatar.com/avatar/3db8cd804a921bfa6f8a0ab92abe8cb6?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">sarahmaxtime</media:title>
		</media:content>
	</item>
		<item>
		<title>Why So Many Americans Don’t Have Bank Accounts</title>
		<link>http://business.time.com/2012/11/20/why-so-many-americans-dont-have-bank-accounts/</link>
		<comments>http://business.time.com/2012/11/20/why-so-many-americans-dont-have-bank-accounts/#comments</comments>
		<pubDate>Tue, 20 Nov 2012 10:45:17 +0000</pubDate>
		<dc:creator>Michael Sivy</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Borrowing]]></category>
		<category><![CDATA[Credit Cards]]></category>
		<category><![CDATA[Decision Making]]></category>
		<category><![CDATA[Economics & Policy]]></category>
		<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Financial Education]]></category>
		<category><![CDATA[Financial Reform]]></category>
		<category><![CDATA[Financial Regulation]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[Planning]]></category>
		<category><![CDATA[Psychology of Money]]></category>
		<category><![CDATA[Saving & Spending]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=61458</guid>
		<description><![CDATA[At a time when you can pay bills online and deposit checks remotely using a cell phone, it’s amazing how many Americans don’t have bank accounts. One in nine households is without a checking account. And almost one-third of the population is underbanked — lacking the full range of basic financial services. Going without such services is not only inconvenient but also expensive. Someone who cashes paychecks or benefit checks at a check-cashing service and pays bills with money orders may end up spending more than $500 a year for transactions that would cost no more than $120 at banks that offer basic checking accounts. “Life is more expensive for people who have less,” says Brian Blake, vice president of CheckSpring Bank, an institution in New York City’s South Bronx that provides banking services to low-income customers. The bank, which is changing its name to Spring Bank, is about to open a second branch in Harlem. “Even in gentrifying neighborhoods, there are lots of people earning less than $15,000 a year,&#8221; says Blake. Not surprisingly, low-income people are the ones most likely to be underbanked, according to FDIC data. Among households with annual incomes of less than $15,000 a year, 28% have no bank account and another 22% have less than a full range of services. Rates of underbanking are similarly high among the unemployed, people without high school degrees and those under the age of 25. In addition, African Americans, Native Americans and Hispanics have higher rates than whites and Asians. Only about 5% of employed middle-class Americans are without bank accounts, but more than 20% use financial services outside the banking system — typically for reasons of convenience. (MORE: A Credit Card Promises to Do the Price-Matching Legwork for You) It’s one thing, of course, for relatively affluent people to pay a fee to cash a check because they are in a rush, and quite another for someone to rely on so-called alternative financial services for all of his or her transactions. Check-cashing services in New York are permitted to<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=61458&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/11/20/why-so-many-americans-dont-have-bank-accounts/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	<primary_category>Banking</primary_category><primary_category_link>http://business.time.com/category/banking-2/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/11/bu000651.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2012/11/bu000651.jpg?w=240" />
		<media:content url="http://timebusinessblog.files.wordpress.com/2012/11/bu000651.jpg?w=240" medium="image">
			<media:title type="html">BU000651</media:title>
		</media:content>

		<media:content url="http://2.gravatar.com/avatar/b8875a12f713f52ecc28fe72efed7fd4?s=96&#38;d=http%3A%2F%2F2.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">michaelsivy</media:title>
		</media:content>
	</item>
		<item>
		<title>When Marriage and Work Collide</title>
		<link>http://business.time.com/2012/11/09/when-marriage-and-work-collide/</link>
		<comments>http://business.time.com/2012/11/09/when-marriage-and-work-collide/#comments</comments>
		<pubDate>Fri, 09 Nov 2012 15:30:30 +0000</pubDate>
		<dc:creator>Sarah Max</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Small Business]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=60433</guid>
		<description><![CDATA[In 2000 Kate Somerset left her corporate gig and launched Icky Baby, a Laguna Beach, Calif.-based company that designs and manufactures chic baby gifts and accessories. The company took off quickly, its products selling in Barneys, Nordstrom, and hundreds of boutiques. When Somerset needed some help, she turned to her husband, Tim. “He was hooked, and decided to quit his job and help me build the company,” says Somerset. On paper it looked like the perfect union. She handled marketing and design. Tim, who came from the building industry, handled the operations. (MORE: Can China&#8217;s New Leader Prevent an Economic Crisis?) In reality, it was a disaster. Tim was instrumental in growing the business – at one point it had 15 employees – but Somerset didn&#8217;t always agree with his decisions. That tension spilled into the marriage. “We didn’t know how to put the boundaries in place,” she says. “We didn&#8217;t know how to turn it off.” When it works, merging marriage and work can be a beautiful thing. Business trips double as getaways, and late nights are a shared burden rather than a source of bitterness. “It’s a lot easier to be empathetic when you really understand the dynamics of each other’s work,” says Rob Israel, who cofounded the Boulder, Colo.-based franchise Doc Popcorn with his wife, Renee, in 2003. And many couples who work together say their spouse really is the best person for the job. “Business is so much about trust, and I don’t think there’s anyone I could trust more than my wife,” says Mike Harris, who runs Orlando-based Uproar PR with his wife, Catriona. Yet even the best of marriages will likely struggle under the pressures of a shared workplace. The key to making it work appears to be careful planning &#8212; and understanding the risks. Eyes wide open As you might guess, the easiest marital mergers are those where each spouse has very different but complimentary skills. But as the Somersets learned, that is no guarantee of success. Likewise, individual personalities may not be that much of a factor.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=60433&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://business.time.com/2012/11/09/when-marriage-and-work-collide/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	<primary_category>Entrepreneurship</primary_category><primary_category_link>http://business.time.com/category/small-business/entrepreneurship-small-business/</primary_category_link>
		<media:content url="http://0.gravatar.com/avatar/3db8cd804a921bfa6f8a0ab92abe8cb6?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">sarahmaxtime</media:title>
		</media:content>
	</item>
	</channel>
</rss>