What they did: Known for snazzy leopard-print ballet flats that sell for about $200 at stores like Nordstrom and Lord & Taylor, women's shoe designer Beverly Feldman, 64, has steadily grown revenue, from $8 million in 2009 to a projected $9.5 million this year. Feldman, who founded her business in 1979, diversified into overseas markets early. So when the U.S. slowed during the recession, sales in Asia kicked in. To attract U.S. customers, Feldman, whose office is in Norwalk, Conn., makes three appearances a year on HSN. To keep spending down, she teams up with retail partners on cooperative advertising. Women stay loyal, she says, because she makes sure her shoes don't hurt: "When I design a pair of shoes, I make them in my size and wear them."
The climate for small business lending over the past few years has been dark to say the least, opening a door to entrepreneurs who pair business owners with interested lenders.
|Two hours and 1,600 fake credit cards later: $13 million is gone|
|Meet the 12-year-old accepted to two colleges May 23|
|'Beauty and the Beast' trailer teases Emma Watson as Belle May 23|
|Premarkets: 4 things to know before the open|
|Looking for a job? IBM has 20,000 openings May 23|