Wednesday, April 29, 2009

$10 Business

Could you start a business with only $10 to spend? A good friend sent me an article about a professor at the University of Alabama who has each of his students start a business on $10 or less. The students have to plow any profits back into the business. Most of the kids started typical student service businesses, and most of them made some money. But a few started more unusual businesses, and some made a couple of thousand dollars.

The students liked the project because it really made them focus on the essentials of what it takes to start a business. Some said it was the best course they took in college. Professor Armstrong says it makes people realize how resourceful entrepreneurs have to be.

Read more here:

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