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Business Stories

There is no better way to explain basic business principles or economic theories than with real life examples.  The following stories illustrate these principles and theories with clarity.  This site is dedicated to providing knowledge and guidance to the small business owner in achieving financial and life success.  

Each story ties back to one or more of the principles articulated throughout this website.  Read and enjoy:

FEATURES:

  • Economic Bubble – The Great Dutch Tulip Craze

    Universally accepted as the first economic bubble, the Great Dutch Tulip Craze, also known as Tulipmania, of the late 1620’s to February 1637 serves as a reminder to all of us involved in business, that value can be driven by greed and not intrinsic worth.   During this time period, a tulip bulb rose in price ...
  • Flake Cereal – The Story of Will Keith Kellogg

    As with many of life’s great success stories, an accident invents a new method or product.  In addition a lie generates huge amounts of wealth for the inventor.  It was no different for Will Keith Kellogg (WK). As a young man, WK started out as a door to door broom salesman.  This would later serve him ...
  • Nobel Prize – Economics

    Alfred NobelIn the world of science and higher thinking, no award can compare to the Nobel Prize.  Awarded each year in December, the selected individual or individuals are announced during the 2nd week of October.  The award for economics is not a Noble Prize but recognition of work in economic sciences and is referred to as ...