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Crain’s New York Business featured Lubin Professor Bruce Bachenheimer in "Taking the Plunge"

04/06/2021

Crain’s New York Business featured Lubin Professor Bruce Bachenheimer in "Taking the Plunge"

Lean times

It is not uncommon for entrepreneurship to increase during lean economic times. Some of the big-time technology companies of today, such as Uber and Airbnb, were born out of the last economic crisis in 2008, noted Bruce Bachenheimer, a professor at Pace University and executive director of the school's Entrepreneurship Lab. 

Both Bachenheimer and Bowles described the rise in new businesses as an overall positive, even if driven by negative circumstances. New, small businesses can help job growth as they expand. That's despite the oft-cited statistic, from the U.S. Small Business Administration, that about half of all new businesses close within five years. 

"You may have a million startups because of the pandemic and 50% close once things pass—they go back to their regular job and don't owe a penny to anyone," Bachenheimer said. "It is a good sign overall that you have 50% of people still pursuing their new business."  

Both the city and the state governments could speed the region's recovery through entrepreneurship, Bowles said, by making it easier to apply for a business license and offering grants or tax incentives, especially to first-time entrepreneurs from low-income communities. 

Read the full Crain's article.

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The Sunday Mail featured Lubin Professor Bruce Bachenheimer in "Entrepreneurship is a mindset"

02/22/2021

The Sunday Mail featured Lubin Professor Bruce Bachenheimer in "Entrepreneurship is a mindset"

Bruce Bachenheimer, clinical professor of management and executive director of the entrepreneurship laboratory at Pace University, defined entrepreneurship as imagining new ways to solve problems and create value. It is about the ability to recognise and methodically analyse an opportunity and, ultimately capture its value.

Read the full Sunday Mail article.

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US News featured Lubin Professor Bruce Bachenheimer in "What to Know About Getting an MBA During the Coronavirus Pandemic"

06/05/2020

US News featured Lubin Professor Bruce Bachenheimer in "What to Know About Getting an MBA During the Coronavirus Pandemic"

Bruce Bachenheimer, a clinical professor of management with the Pace University Lubin School of Business in New York City, suggests that admitted MBA students account for the type of MBA program they were accepted into when determining whether to enroll or postpone their study plans.

“When considering a top tier MBA program, interactions among one’s cohort, academic and social, is absolutely one of the most valuable aspects of the program and I would recommend deferring admission until traditional classes and regular activities are certain to resume,” Bachenheimer wrote in an email. “For other programs, where there is not necessarily a strong cohort model, chancing a semester of remote learning is not as consequential. This would especially be the case for part-time programs.” 

Read the full US News article.

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Crain’s New York featured Lubin Professor Bruce Bachenheimer's piece "Entrepreneurs are sure to find inspiration in the pandemic"

04/21/2020

Crain’s New York featured Lubin Professor Bruce Bachenheimer's piece "Entrepreneurs are sure to find inspiration in the pandemic"

Professor Bruce Bachenheimer: New York is well-positioned to develop new businesses that shift manufacturing from massive to nimble and distribution from scale to flexibility. Our workforce is driven and adaptable, with the spirit to think and act more like committed entrepreneurs than just employees.”

Read the full Crain's New York article (PDF)

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Wall Street Journal featured Lubin School of Business management professor Bruce Bachenheimer in "New Yorkers Step Up to Help Mom-and-Pop Businesses"

04/08/2020

Wall Street Journal featured Lubin School of Business management professor Bruce Bachenheimer in "New Yorkers Step Up to Help Mom-and-Pop Businesses"

Such concerns aren’t unfounded. Even a well-run small business typically has less than two months of operating capital in reserve, says Bruce Bachenheimer, a management professor at Pace University’s Lubin School of Business.

Read the full Wall Street Journal article.

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