Dr. Jeff Cornwall is the inaugural Jack C. Massey Chair in Entrepreneurship at Belmont University in Nashville, Tenn. Dr. Cornwall's current research and teaching interests include entrepreneurial finance and entrepreneurial ethics.
How much should I get paid? This is a question that every owner of a successful business faces at some point in time.
Setting compensation for the owners of a business needs to start with separating your job in the company from your role as an owner of that business. Continue reading How Much Should I Get Paid?
There are many new and confusing issues that first-time entrepreneurs face when they get ready to launch a business. The need to create a corporation is at the top of that list.
I recently had a conversation about incorporating start-ups with Chris Sloan, an attorney with Baker Donelson, who is Co-Chair of the firm’s Emerging Companies Team: Continue reading When to Incorporate
I have been spending most of this month traveling with Belmont students throughout Eastern Europe learning about entrepreneurship.
While in Latvia, we saw huge numbers of “accidental” entrepreneurs. These are people who had never intended to be entrepreneurs, but who became self-employed out of life circumstances and necessity.
Economists tell us that the primary role of entrepreneurs in the economy is to engage in a process they call “creative destruction.” Through their innovations, entrepreneurs help create new industries that transform or even replace old and declining industries.
Continue reading Creative Destruction, Disruption, and Opportunism