TIME Magazine
Beer Buddies
In breweries, small is big. How two Brooklynites took on the giants and lived to tell the tale
A Big Bus Battle
Chinese-owned firms in New York City and Boston offer a vivid lesson in the perils of discount transport
Sisters In Trade
From Karachi to Durban, American women are linking up with female artisans
Making The Cut
How a small U.S. company dominates digital editing--and beats Japanese giants like Sony
Peterman Reboots
The quirky catalog owner lost everything, including his name, by overexpanding. Now he's back and plans to get big slowly
The Big Issues for Small Concerns
Listen up, candidates. Small-business owners hate excessive regulations, taxes, red tape, health-care costs
A Little Guy's Marketplace
Internet business-to-business exchanges are saving small companies lots of money by letting them behave like bigger guys
You've Got Pluck
Independent bookseller Andy Ross is risking everything he has to save the business he loves
Luxe for Lease
Can't afford the perfect handbag? Join the club--and borrow as many as you want
Hot Springs for Sneakers
How a tiny footwear company, founded by a pair of brothers, stuck coils in its shoes and grew into a thriving start-up
Better Than Charity
Endeavor helps entrepreneurs go global and give back to sustain local growth
Plucky Little Competitors
By finding ways to woo customers away from the chains, Mom and Pop are doing just fine, thanks
A Lifeline for Small Companies
By COCO MASTERS
Posted Monday, Jun. 06, 2005Lisa Price needs a bigger kitchen. That's where Brooklyn's beauty secret for the past 12 years, Carol's Daughter, brews 350 types of skin- and hair-care products with homemade appeal and tropical scents. Founder Price, 34, joined forces eight months ago with ex--record executive Steve Stoute, and the hip-hop and business matchmaker recruited seven investors--including rapper Jay-Z, former Sony mogul Tommy Mottola and Will Smith--to put the bling--$10 million--into the brand. So far, it seems, the money has been well spent. "There's some fairy-tale dust going on," says Stoute--who previously paired music icons with Reebok, Hewlett-Packard and McDonald's to help juice up their brands. He says he now plans to "create urgency" around body soufflés and foot butters. A new Carol's Daughter ad campaign featuring Jada Pinkett Smith has helped propel online and catalog orders up 300% and 500%, respectively, over last year, says Price. Next: an expanded men's line and 12 new retail stores across the country, including a Harlem flagship opening in August. --By Coco Masters
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