News

Seven famous founders share money mistakes, smart moves

The crumbling of Wally Amos’ cookie empire taught him how to be a better man, and a better business leader.

The creator of Famous Amos Cookie Co. opened his first cookie shop in 1975. A decade later, the once-growing company faced severe financial trouble, forcing him to sell the company in pieces to outside investors.

A competitor’s tastier cookie didn’t cause the trouble. He did.

"I thought that I knew more than anybody else," he says. "I thought I was the main attraction, and I wasn’t listening to other people."

By Laura Petrecca, USA TODAY

Full Story: http://www.usatoday.com/money/smallbusiness/startup/week3-famous-founders.htm

News Catrgory Sponspor:


Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

Leave a Comment

You must be logged in to post a comment.