Mixing work with family can be tough for a married couple. But one duo seems to have done it, building a booming business despite very limited experience. “I didn’t have a retail background and I opened up a store called Hot Mama,” said Megan Tamte, the founder and CEO of Hot Mama. “I think those are two things right there that set you up for a lot of naysayers.” But Tamte has been proving those naysayers wrong for nine years. The third grade teacher turned business mogul was recently named Ernst and Young’s Midwest Entrepreneur of the Year. So Amelia Santaniello sat down to talk to her about building a business, with kids, without any experience, and with her husband as a partner. Watch them getting ready for a family dinner, and you can tell that Megan and Mike Tamte know how to work together. They preach teamwork to 16-year-old Allison and 13-year-old Roian, and say it’s one of the secrets to their success in an unexpected business.
Best Buy has a new strategy and is excited about the holiday shopping season. But just 12 months ago, many business analysts wondered if the iconic Minnesota retailer would even survive. The stock was in free fall, the former CEO was accused of having an affair with an employee and was ousted, and the founder of the company was attempting a hostile takeover.
Cargill’s board has named President and Chief Operating Officer David W. MacLennan as its next CEO as part of its succession plans. MacLennan will take over the post from the 62-year-old Greg Page, who will serve as executive chairman of the agribusiness company.
Consumers may not like it, but a lot of small businesses say it will help them survive. We’re talking about state sales tax being applied to online purchases.
Techne, a maker of medical testing and diagnostic products, has named Charles Kummeth as its CEO.
It’s happened to most parents — give your children a new toy and all they want to do is play with the box.
Former Minnesota Gov. Tim Pawlenty is resigning as a national co-chairman of Republican Mitt Romney’s presidential campaign to lobby for the financial services industry.
Shockwaves first hit at Carlson headquarters in Minnetonka on Friday. That’s when Carlson’s former CEO, Hubert Joly, tendered his resignation.
Global hospitality and travel company Carlson on Sunday named Trudy Rautio as its new president and CEO. She’s the fifth CEO in the 74-year history of the family-owned company.
American Crystal Sugar Co. officials say the company’s chief executive officer will not be attending a proposed meeting with locked-out union workers.
Best Buy’s founder said Monday that he wants to take the electronics retailer private by buying up all of its shares he doesn’t already own in a deal that values the company at as much as $8.84 billion.
Supervalu is ousting CEO Craig Herkert as the grocery chain looks to right its business following disappointing quarterly results and plans to possibly put itself up for sale.
Yahoo has tapped another Wisconsin native to lead the Internet company. Thirty-seven-year-old Marissa Mayer was an executive at Google before she accepted the challenge of trying to turn Yahoo around.
Best Buy’s interim CEO said Thursday that the electronics seller is operating below its full potential but is committed to changing in fundamental ways.
Now that he’s resigned from the board, there’s speculation that Richard Schulze may try to take Best Buy private.