They're really applying the principles of entrepreneurial management even if they're not making a profit.

The fact that they showed that profit is a reflection that good management is paying off. But it takes about five years to turn a company around.

Frank Gilbreth was a well-known time management expert. And he applied the same principles he used in his job to keep his family organized.

They still have to have vision, the ability to undertake an ambitious project, to leverage resources, to manage financing. We thought it would be very useful for the students to look at a situation that was very different from the normal one.

The basic pattern is the more money that comes in, the lower the returns.

The probability of VCs investing in a start-up is far less likely than it was in 1999. And that's bad news for entrepreneurs.