Introduced last month, the Cronut has customers lining up outside Cronut creator Dominique Ansel’s SoHo bakery at 6 a.m., and the store regularly sells out its daily production of at least 300 within a half-hour after opening. This enormous popularity is no accident. In fact, the Cronut’s success reflects the many strengths that characterize America’s small-business sector.
Here’s the small-business recipe for a Cronut-level hit:
1. A dollop of product innovation. 2. A dash of social media and marketing. 3. A pinch of sustainable growth.
We’re counting down the seconds until the NYC BigApps 2013 Award Ceremony on the evening of Thursday, June 20th, where we’ll announce the winners of Mayor Bloomberg’s annual challenge to developers and designers to create apps that solve key city challenges.
Officials in New York have determined that Airbnb is illegal, despite efforts by the online firm to persuade the city otherwise. The law violated is the illegal hotel law, which prevents residents from renting out their property for less than 29 days. According to CNET, the law originally meant to prevent landlords from turning residential properties into hotels.
The ruling doesn’t necessarily mean all Airbnb hosts will be cracked down on, as the city only enforces the rule when a complaint is filed.