If you’re like Derek Zoolander and can’t turn left, then a career as a NASCAR driver probably isn’t in the cards for you; however, that doesn’t mean that you can’t work for the the country’s 2nd most popular sports league (based on television ratings). Some may debate whether NASCAR is a sport or not, but nobody can debate its popularity. It’s huge. I’ve never watched more than 5 minutes of a NASCAR race, so I’m not the guy to sell you on NASCAR, but I do know that it’s a hell of a business. The league made $3 billion in profit last year, and they apparently share some of it by paying their interns. Continue reading about NASCAR…
Sometimes stories are too good not to repeat. “The Birth of a Shoe Company” as told by Kenneth Cole is one of them.
Twenty years ago, I wanted to open a shoe company with limited money. From experience I knew one had to get in quickly because so often new companies run out of cash flow before they get the chance to conduct business. I also knew it was easier to get credit from factories in Europe who needed the business than from American banks that didn’t. So I lined up the factories, went to Europe, designed a collection of shoes, and returned to the states to sell them.
At the time, a shoe company had two options. You could get a room at the Hilton and become 1 of about 1100 shoe companies selling their goods. This didn’t provide the identity or image I felt necessary for a new company, and it cost a lot more money than I had to spend. The other way was to do what the big companies do and get a fancy showroom in Midtown Manhattan not far from the Hilton. More identity, much more money too.
I had an idea. Continue reading about Kenneth Cole…
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