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...Caruth Institute of Owner-Managed Business have studied the personality traits of risk takers. Chief among them are self-confidence, vision and the need to be in charge. Indeed, many have been frustrated at larger companies. Says White: "Entrepreneurs have a fundamental need to control their own destiny. Seldom can they find this in someone else's organization." Although most entrepreneurs have worked for large corporations, they usually stayed only a short time...

Author: /time Magazine | Title: Striking It Rich: A new breed of risk takers is betting on the high-technology future | 2/15/1982 | See Source »

...very factors that make entrepreneurs successful in starting companies can lead to problems later on. Frequently egotistical, the upstart executives seldom admit failure and sometimes refuse to share responsibility or hire good people to help run the company. A crucial turning point comes when a new enterprise reaches sales of about $250 million. In some cases, like that of Engineer Kenneth Olsen of Digital Equipment Corp. in Maynard, Mass., the innovative founder develops the managerial skills to run a large, complex organization. In other cases, the entrepreneur gets in trouble and must get help from professional managers. Centronics Data Computer...

Author: /time Magazine | Title: Striking It Rich: A new breed of risk takers is betting on the high-technology future | 2/15/1982 | See Source »

...Mencken wrote: "Unionism seldom, if ever, uses such power as it has to insure better work; almost always it devotes a large part of that power to safeguarding bad work." That is no longer true. Unions today are showing that they understand that their cooperation is necessary in the drive to return the U.S. economy to steady, noninflationary growth...

Author: /time Magazine | Title: Labor's Tough New World | 2/1/1982 | See Source »

Indeed, a well-made leather garment will last ten to 15 years. It travels well and does not wrinkle easily. And leather seldom if ever has to be cleaned. Exults Arleen Sorkin, a Manhattan actress-model: "When I was wearing silk, the dry cleaner loved me. When I was wearing white cotton, the Chinese laundry loved me. Now I have a $300 chamois dress and, you know, it's hand washable. It's also great for cleaning records." Some leather buffs use an art gum eraser on stains, while others maintain that leather should be permitted, like...

Author: /time Magazine | Title: Living: Leather Turns Soft and Sexy | 2/1/1982 | See Source »

...large majority of video-recorder owners utilize their machines for delayed viewing of TV programs. Since the tapes are expensive, they are seldom used to store programs. The usual practice is to erase and reuse the tapes. It is difficult to understand how watching Tuesday's TV program on Wednesday or Thursday deprives any artist of his just income...

Author: /time Magazine | Title: Letters: Jan. 25, 1982 | 1/25/1982 | See Source »

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