Three Cheers for You, Boss
Each day, Inc.'s reporters scour the Web for the most important and interesting news to entrepreneurs. Here's what we found today:
Happy National Boss Day. Even if your employees may have forgotten, here's a big huzzah to you on this National Boss Day. It isn't always easy being the boss, especially when it comes to knowing exactly how your employees really feel about you. To that end, AOL Small Business has a survey of 1,000 U.S. employees and bosses in which they discuss what makes a good boss, who their dream boss would be, and whether or not employees and bosses can truly be friends. Likewise, if you're looking to improve your leadership skills, the Chicago Tribune has a list of the qualities and characteristics that go into making a good boss. And if you're looking for a great gift for that special boss in your life, well, you should probably not go with one of these e-cards, courtesy of the Huffington Post.
The Social Network's "victim" speaks. Poor Eduardo Saverin. If you haven't yet seen The Social Network (the kinda-sorta-not-really factual cinematic account of Facebook's founding), Saverin is the Facebook co-founder portrayed in the film as a victim duped out his stake in the company by a potentially evil, plotting, Mark Zuckerberg. Now, Saverin (who is rumored to still be worth more than $1 billion) is here to tell us on CNBC.com what he learned from watching the movie. First, it was cool to see himself on the big screen: "I watched...with amazement and humility." Second, it was in fact a movie: It "was clearly intended to be entertainment and not a fact-based documentary." Lastly, you, too, can start a business: "There are no boundaries as to who can be an entrepreneur." With insight like this, how could Zuckerberg have possibly wanted him out?
A college entrepreneur gets taught a lesson. Consult a lawyer before starting a business. Ryan Stevens' website, NoteUtopia.com, was launched in August as a project stemming from a class on entrepreneurship. The site lets students share course materials for free, and allows students to sell notes and charge $1 to $3, with the site keeping a small commission for every transaction. "Now, the young entrepreneur is battling the California State University system and claims that students' rights have fallen through the cracks," the article notes. The online business came under scrutiny from the California State University legal team, according to The Los Angeles Times. The case also deals with the concept of with intellectual property, namely the question of who owns the rights to student notes taken during class.
Are business school standards shifting? Yep, says data compiled by Bloomberg Businessweek. It shows that one-third of the top 30 American B-schools actually became less selective when admitting applicants to their 2010 full-time MBA programs. Schools including the University of Michigan Ross School of Business, UCLA's Anderson School of Management, Indiana's Kelly School of Business, and the University of Maryland's Smith School of Business all admitted a larger percentage of applicants in 2010 than they did in 2008, when applications reached a peak. Although the recession may have played a strong role, Businessweek says the primary cause is simply a decline in applications: 47 percent of 476 U.S. MBA programs reported a decrease in applications during 2009.
You've heard of 1-800-Mattress. And 1-800-Flowers. How about 1-800-Autopsy? The Wall Street Journal reports that demand is breathing life into private-autopsy companies. That's due to the fact just two percent of autopsies occur in hospitals, compared to 42 percent in 1965. It's not just family members and crime investigators using the services of autopsy start-ups, which have popped up across the country: Business is flowing in from small county governments that lack medical examiners, and from overburdened large counties as well. Who knew that after-death services could be so lively?
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