The co-founder and CEO of LeagueSide talks about how his company is helping to strengthen youth sports communities in a creative way.

1 min read

Opinions expressed by Entrepreneur contributors are their own.

Evan Brandoff, the co-founder and CEO of LeagueSide, shares his thoughts on the early stages of building a and the precise steps he took to scale LeagueSide nationwide. From his “ah-ha!” moment to his with , Brandoff breaks down how he and his co-founder cultivated their idea and the most valuable lessons he has learned along the way.

Brandoff and The Playbook host David Meltzer chat about a range of topics including what really differentiates an innovator and entrepreneur, the high risk tolerance it takes to rapidly scale a business and why or naivety can occasionally benefit entrepreneurs.

Related: How Long Does It Take to Form a New ?

Source link

The endless headlines lately about this, that, or the other retailer heading toward Chapter 11 bankruptcy protection are enough to give any shopaholic agita.

This week, after J.Crew and Neiman Marcus each filed for Chapter 11 bankruptcy protection, social media was flooded with lamentations about the end of beloved retailers and where they had gone wrong. But the filings weren’t the end of anything: Both companies, choking on debt for years, will continue to operate, with healthier balance sheets now, and no immediate plans for store closings.

There is a popular misconception that Chapter 11 filings mean the end of a business, in retail and beyond. And it’s easy to see why: Many companies like Barneys New York, Toys ‘R’ Us, The Sports Authority, and CIT ultimately liquidated.

But countless others over the years—from General Motors to American Airlines to utility PG&E to retailers like grocer Fairway and even Macy’s (its Chapter 11 filing was in 1992)—have come out of bankruptcy to fight another day. And that’s ultimately the goal of seeking court protection.

“The whole purpose of Chapter 11 is to give a company a chance for a restructuring,” says David Berliner, bankruptcy and restructuring advisor at BDO. “If …

© 2019 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy (Your California Privacy Rights) | CCPA Do Not Sell My Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions:
S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. | EU Data Subject Requests

Source link