Effectual Entrepreneurship, Third Edition
Practically Speaking
Margaritaville: Never Ending Song
This singer became an entrepreneur by branding the feeling of a song and selling that emotion through events, hospitality, and merchandise.
Entrepreneur: Jimmy Buffett
Country: USA
Pages 363-364 in
Chapter 21 Brand as Venture Identity: Marketing You (pp. 357 to 373)
"Over the course of his life, the US pop singer Jimmy Buffett released more than 30 albums, selling over 20 million records (so last century!). But like the other Buffett (Warren), Jimmy is an investors' idol as well.
Surprise Hit
Whereas Buffett's entrepreneurial success never made the pop charts like some of his noisier competition, the silent facts speak for themselves: "People are always shocked when they find out how big we've gotten. We just kept quietly doing our thing. Not saying much. And now—bam!—here we are" (Barnes, 2016).
Buffett on Buffett
What's behind this success? Branding. His namesake and investment guru Warren E. Buffett (not related to Jimmy) endorses it: "He understands his brand, which has a substantial reach. One of the secrets to his success is that he never really loses any fans" (Barnes, 2016)."
Under Construction: Join Us in Co-Creation!

Video Resources
References & Links
- How Starbucks Became An $80B Business—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=XUBeH7VQaFY&t=50s
- Howard Schultz. (n.d.-a). Schultz Family Foundation. Retrieved April 20, 2025, from https://schultzfamilyfoundation.org/team-member/howard-schultz/
- Howard Schultz. (n.d.-b). Forbes. Retrieved April 20, 2025, from https://www.forbes.com/profile/howard-schultz/
- Howard Schultz. (2025). In Wikipedia. https://en.wikipedia.org/w/index.php?title=Howard_Schultz&oldid=1285405168
- Howard Schultz: An Overview of the Entrepreneur’s Career - 2025. (n.d.-c). MasterClass. Retrieved April 20, 2025, from https://www.masterclass.com/articles/howard-schultz-life-and-career
- hpeiper. (2018, September 4). Schultz to young entrepreneurs: ‘It can happen for you’. Starbucks Stories EMEA. https://stories.starbucks.com/emea/stories/2018/bocconni-university/
- Starbucks CEO Howard Schultz: How to Be Strategic Thinkers | Inc. - YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=Q5Djl9_Xc3w
- Starbucks’ CEO Talks Business—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=83yInyY1KLs&t=152s
- Starbucks’s Howard Schultz: From Coffee Entrepreneur to Three-Time CEO. (n.d.). WSJ. Retrieved April 20, 2025, from https://www.wsj.com/story/starbuckss-howard-schultz-from-coffee-entrepreneur-to-three-time-ceo-439768fc
- Taylor, K. (2017, December 13). From Brooklyn to Billionaire: The Story of How Howard Schultz Transformed Starbucks Into an $84 Billion Business. Inc. https://www.inc.com/business-insider/howard-schultz-chairman-former-ceo-starbucks-successful-billionaire-coffee.html
- The Man Behind Starbucks Reveals How He Changed the World—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=LnA7n9qSB7E&t=255s
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