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Google Glass Could Save Companies $1 Billion By 2017 (GOOG)

Google Glass Could Save Companies $1 Billion By 2017 (GOOG) | Competitive Edge | Scoop.it
Hands-free access to the Internet, cameras, conferencing and phone calls, plus something called "augmented reality" will be a big help to people who work in jobs that take them outside of the office, Gartner says.

While most of us think of Google Glass as a consumer gadget, it's going to be great for businesses, too.

Market research firm Gartner has boldly predicted that companies using Glass and similar gadgets could save $1 billion a year within three to five years.

Hands-free access to the Internet, cameras, conferencing and phone calls, plus something called "augmented reality" will be a big help to people who work in jobs that take them outside of the office, Gartner says. This includes fields like technical repair, health care and manufacturing. Augmented reality is when information is projected in front of you. So, for example, you could look at a building and see a superimposed image of its blueprint.

To read the full article, click on the title.


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Via Marylene Delbourg-Delphis, Marc Kneepkens
Marc Kneepkens's insight:

Did you have any idea that Google Glass would have such impact?

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Marc Kneepkens's curator insight, November 14, 2013 4:51 PM

Progress is being made with leaps and bounds. Here is a superb example.

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Facebook has given birth to a bunch of startups who want to change how Businesses use Tech

Facebook has given birth to a bunch of startups who want to change how Businesses use Tech | Competitive Edge | Scoop.it

Facebook makes nearly all of its money from ads. It's also begun investing in moonshot projects from virtual reality headsets to drones and laser communication systems.

One area it doesn't talk about: the $3.5 trillion enterprise tech market. That's how much money businesses spend on tech every year to run their companies and help employees do their jobs. 

Although Facebook did recently introduce an experiemental Facebook At Work service which lets teams use Facebook to communicate and share stuff, it's not much of a focus for the company.

All of which might make it seem as if Facebook has been completely absent from that that $3.5 trillion market.

But it hasn't. 

Facebook has actually helped cook up a whole bunch of startups that want to change the way enterprises use tech.

They were inspired by how Facebook uses technology to run its massive social network, often giving away the technology it invents for free, everything from data center hardware designs to databases.

Here's a look at some of the unusual enterprise startups from Facebook.Read more: click image or title.



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"Hey Dave!
I bought one of your business planning templates and have been receiving your emails and videos for a few months now…
I just wanted to say thanks for cranking out such amazing work!
You're doing an incredible job, and I know entrepreneurs everywhere are benefiting from it!
Please, keep it up! Wishing you all the best!"
Colin Pape
President
ShopCity.com, Inc.



Via TechinBiz
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Facebook funds startups through its own corporate culture. Solutions were created for them and taken to another level. Great example of corporate funding.

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5 less-than-flattering traits that can make startup founders great

5 less-than-flattering traits that can make startup founders great | Competitive Edge | Scoop.it
The best startup founders may need patience, resilience, perspective, and zen to run their businesses. But they also need some less flattering characteristics they may not want to admit to.

It’s 2015. Have you founded your startup yet? If not, it may be time to join the club. With 50 technology startups launching each day in Beijing alone, it’s clear that it’s past time to jump on the bandwagon. Accelerators, incubators, and VC funds splash around so much cash that it’s no longer worth counting the number of tech startups with million-dollar valuations. Indeed, as of this writing, 100 unicorns have received billion-dollar valuations.

With all that capital floating around, you might be feeling confident about that bulletproof idea you had. You know, the one for an app that irons your dress shirts for you? You can name-check your all-star forefathers — Jobs, Musk, Armstrong — and you’ve flipped through Art Of The Start. You’re ready. Right?

Wrong. There’s a reason 90 percent of startups fail. So before you start mapping The Iron Fist’s path from beta to billions, let’s take a step back. Having spent nearly 20 years working for a variety of startup founders, interacting with many more in the community, and serving as one myself, I’m constantly disappointed with a lot of the startup founder advice out there. Of course, any successful founder needs to be a savvy leader, an able communicator, a nimble problem solver, and a really really smart person. To run any business, you need patience, resilience, perspective, zen — the list goes on.

But what about the less obvious — and to some, less flattering — traits that make up the remainder of the startup founder DNA? Startup founders tend to be culled from the outliers, the obsessives, the oddballs. Those who find success manage to take what would otherwise be a shortcoming — the inability to sit still, workaholism, pigheadedness — and with a strong vision, mold it into something constructive. Let’s take a look at five of the least-touted traits found in some of the best-performing startup founders. Read more: click image or title.





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Marc Kneepkens's insight:

Founders need a lot of qualities. They are tough and sometimes relentless characters. This article highlights some unusual traits.

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9 tips for how big companies can compete with startups (hint: Innovate or die)

9 tips for how big companies can compete with startups (hint: Innovate or die) | Competitive Edge | Scoop.it

The startup landscape can be a double-edged sword in the business world: either the company is going to disrupt the entire landscape or it's going to inspire. But what seems to have corporations terrified is how to wrap their heads around the impact startups are having on the traditional model. Is internal research and development enough? Or is outside assistance needed? And just where should these corporations start? 

To read more, click image or title.



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Marc Kneepkens's insight:

Startups are a real threat of corporations. #Innovation is happening through startups now, and disruption is the threat.

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kelvin dsuja's curator insight, July 24, 5:14 AM

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Startups Serving The 99 Percent Will Be the Next Billion-Dollar Companies

Startups Serving The 99 Percent Will Be the Next Billion-Dollar Companies | Competitive Edge | Scoop.it

Many fast-growing companies in Silicon Valley have one thing in common: they cater to a small, affluent, urban population -- the 1percent. 

Residents in high-cost cities like San Francisco, New York and Los Angeles can order an array of goods and services from their mobile phones.

These startups, including Uber, Instacart and a host of food delivery apps like Munchery, GrubMarket, Blue Apron, and Postmates, eventually have plans to broaden their offerings to attract middle-income consumers. This is the classic trickle-down business model.

As Farhad Manjoo wrote in The New York Times, “The rich subsidize the rest of us — were it not for the suckers who spent more than $10,000 on early versions of the Mac, Apple might not have survived to build the iPhone.”

As a venture capitalist who has invested in both Chinese and U.S. startups since 2005, I’ve backed several companies leveraging the trickle-down model, such as GrubMarket. But, now I see it also makes sense for some founders to take the opposite approach: mass market first. Read more: click image or title.




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Marc Kneepkens's insight:

It makes sense: catering to the masses is immensely more profitable than to the happy few. Come up with the great ideas now and start executing.

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7 wearable technology roles that will change the world

7 wearable technology roles that will change the world | Competitive Edge | Scoop.it
As the world of wearables continues to grow, Adecco has created an infographic of 7 wearable technology roles that will change the world.

Wearables, wearables, wearables. Along with words like ‘cloud security’ and ‘internet of things’ that’s all I seem to hear about at the moment.

Not that I’m complaining, I love wearables and I am definitely not the only one who does. Wearable devices in the form of smartwatches and fitness trackers have taken the world by storm, with 10 million devices sold in 2014.

There are wearables in the market now that can change your mood, track your sleeping habits and bring an end to jet lag and that’s just in the consumer side; wearables are also being deployed in the enterprise with a host of use cases available.

This industry boom – which is only just beginning – brings with it a wide variety of job roles, some of which are yet to be created, such as IoT trainers, technology implementation managers and IoT-specific engineers.

To shed some light on the new job roles that will become available, Adecco has created an infographic of 7 wearable technology roles that will change the world, which can be found below. Read more: Click image or title.




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Via Richard Platt
Marc Kneepkens's insight:

Technology is creating more applications in wearable, IoT, cloud security and more all the time. The new jobs resulting from that are well paid and will need to be filled in the next few years. Follow the trends and be in demand.

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Richard Platt's curator insight, June 28, 3:40 PM

The infographic on the webpage is like an all-in-one, definitely a good capture of what is getting traction in the world of wearables.

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Best Kickass Advice For a 1st Time Entrepreneur

Best Kickass Advice For a 1st Time Entrepreneur | Competitive Edge | Scoop.it

Make Sure You Buckle Up Before You Hit Top Speed :)

Entrepreneurship is a total roller coaster ride and if someone has told you to just take it easy, well buckle up and gather all you can to prepare for this crazy ride.

So whats that kickass advice for a first time entrepreneur ?

Henny Kel asked this fantastic question in the Startup Specialists Group on LinkedIn and gathered some really interesting and fantastic answers from across the globe.

Some of the awesome insights were :

Michael Felix added this fantastic thought :

Focus on your strengths and hire people whose strengths are your weaknesses". Too many entrepreneurs try to do it all, and it causes them to see entrepreneurship as this daunting venture

Read more great advice here: Best Kickass Advice To A First Time Entrepreneur




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Marc Kneepkens's insight:

My take: when creating your first entrepreneurial venture, stay focused. It requires and incredible amount of effort to create something of value that will last for a long time. That initial effort will take everything you got, give it all...

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6 Ways to Get a Fanatical Customer Base

6 Ways to Get a Fanatical Customer Base | Competitive Edge | Scoop.it
Passionate customers are the most critical component of building a brand, but you won't gain followers by sitting on your hands.

Entrepreneurs long to see the telltale signs of a passionate customer base: lines around the block on product launch day, pushing and shoving as the doors open and celebrations at the checkout counter. But gaining a legion of loyal followers doesn’t happen by accident.

Companies such as Apple and Tesla Motors that owe their success to passionate fans gained these followers with a formula for product lust. They knew their target customers intimately, then gave them a product that exceeded their expectations in four dimensions: innovative technology, simplicity and design and features that ignite conversation. In return, customers flocked to product launches and became brand evangelists.

Passionate customers are the most critical component of building a brand, but you won’t gain followers by sitting on your hands. Building a passionate customer base requires hard work and a focus on exceeding customers’ needs in simple ways. Read more: click image or title.



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"Hey Dave!
I bought one of your business planning templates and have been receiving your emails and videos for a few months now…
I just wanted to say thanks for cranking out such amazing work!
You're doing an incredible job, and I know entrepreneurs everywhere are benefiting from it!
Please, keep it up!
Wishing you all the best!"
Colin Pape
President
ShopCity.com, Inc.

Marc Kneepkens's insight:

When starting a new company you lay the foundation of a long term relationship. Those first customers are essential for your success. They'll be your 'evangelists'. Treat them right. Enjoy the rewards for years to come.

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Uber Driver Deemed Employee By California Labor Commission

Uber Driver Deemed Employee By California Labor Commission | Competitive Edge | Scoop.it

It would appear that the California Labor Commission has ruled that at least one Uber driver is an employee.

As it stands now, Uber employs its drivers as third-party contractors, operating as a logistics company that provides access to customer demand and directions, transactions, etc. for the drivers. Uber has argued repeatedly in various courts that it is not a transportation or taxi company, but rather a software platform that matches customer demand with supply.

This ruling changes all that, turning Uber into a transportation startup instead of a logistics software company. That puts the company in a position to face a number of legal obstacles, as well as rising costs of employing those drivers directly and offering them benefits, etc.

As BI points out, one of Uber’s main costs is its full-time employees that work out of Uber corporate offices. If Uber drivers are deemed employees, the business model shifts drastically.

Uber is said to have more than a million drivers using the platform across the globe.

Uber driver Barbara Ann Berwick filed a claim earlier in the year for not being paid out for her work. Through the course of that lawsuit, the California Labor Commission decided that Uber is far more than a logistics software company that matches supply with demand.

“Defendants are involved in every aspect of the operation,” reads the ruling, noting that Uber controls the tools drivers use and the transactions made through the app. Read more details: click image or title.





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Marc Kneepkens's insight:

There is a huge legal battle going on right now, not just in California, but all over the US and in the world. Are these 'contractors' working for themselves, or are they just employees? Rulings like this are extremely important and set precedents. They may be instrumental in the success of failure of companies like Uber and their likes.

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This is the Product Death Cycle. Why it happens, and how to break out of it

This is the Product Death Cycle. Why it happens, and how to break out of it | Competitive Edge | Scoop.it

The hardest part of any new product launch is the beginning, when it’s not quite working, and you’re iterating and molding the experience to fix it. It may be the hardest phase, but it’s also the most fun. The Product Death Cycle All of this was on my mind when I saw a great tweet from  about a year ago, on the Product Death Cycle, when things go wrong. David Bland, a management consultant based in San Francisco, tweeted this diagram:

This is what I’m calling the Product Death Cycle
– @davidjbland

A year ago when I saw this, I retweeted this diagram right away, and a year later, it’s hit 1,400+ RTs overall. This diagram has resonated with a ton of people because sadly, we’ve seen this Product Death Cycle happen many times. We’ve maybe even fallen into it ourselves – it’s all too easy. I’ve written about this phase before, in After the Techcrunch bump: Life in the Trough of Sorrow.  As well as some thoughts and strategies related to getting to product/market fit sooner rather than later.

Let’s talk about each step of this cycle, why it happens, and present a list of questions/provocations that might allow us to escape.

Read more: click image or title.



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Marc Kneepkens's insight:

Great analysis by Andrew Chen. Create that business model that keeps on producing new clients.

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5 Ways Introverts Can Make a Great First Impression

5 Ways Introverts Can Make a Great First Impression | Competitive Edge | Scoop.it
If you feel awkward at social gatherings, these five easy steps will help you meet people and make connections.

When meeting somebody new at work, you follow a well-established ritual: a handshake, an assessment of relative status, a few words of chit-chat and then you sit down and get to the business at hand. Introverts and extraverts alike find this ritual easy.

In social settings and even during work-related events (like conferences), extraverts have a definite advantage. Because they're naturally "people-people," extraverts easily start and join conversations and generally find it easy to enjoy themselves.

Introverts, however, often struggle at social gatherings. To introverts, it seems weird to walk up to somebody and start talking or to barge into a conversation in progress. Because there's no ritual, introverts linger in the corners, nursing their drinks.

I know exactly how that feels because that's what usually happens to me when I'm in large groups of people. As a result, I tend to avoid conferences unless I'm a speaker, in which case people come up and talk to me without any effort on my part.

My mother told me that when I'm at a party "find somebody who's standing alone and introduce yourself." The result is predictable: two introverts, both grimacing and uncomfortable, standing in the corner nursing their respective drinks. Thanks, Mom!

Fortunately, at the Reader's Legacy conference last weekend, Nicholas Boothman, author of "How to Make People Like You in 90 Seconds or Less," explained exactly how to make a great first impression at a social gathering. Here's my take on his recipe: read more: click title or image.




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How to run better Marketing Experiments as a Growth Strategy

How to run better Marketing Experiments as a Growth Strategy | Competitive Edge | Scoop.it
How to run better Marketing Experiments to grow your business, using a Repeatable Growth Strategy to test and iterate for continuous improvement and...

Recently we were working with some clients, helping them look at their growth using marketing analytics. They all had revenue, and wanted to grow faster. They knew they could do better but needed help with these questions:

  • "where do I start?"
  • "what tactics should I use?"
  • "how should I measure my progress?"
  • "where should I focus?"

Maybe that seems familiar to you?

Read more: click title or image.




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Marc Kneepkens's insight:

Studying the process of marketing and finding the best ways to get results!

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VC Chamath Palihapitiya Says He Has Cracked the Code for Making Startups Grow

VC Chamath Palihapitiya Says He Has Cracked the Code for Making Startups Grow | Competitive Edge | Scoop.it

All startups want growth. They want more eyeballs, more traction, more signs that what they are doing is working. They worship at the foot of the mythical hockey stick graph. But growth is a fickle, unpredictable thing — sometimes great products die before reaching an audience. Sometimes companies find tricks to get tons of users, but after the tricks fade away, everybody leaves. You can’t count on growth.

Not according to Chamath Palihapitiya. The venture capitalist, whose claim to fame was starting the growth team at Facebook, said his Social+Capital Partnership now has a crew of growth experts that it deploys to portfolio companies. And he claims they can make just about anything grow. Read more: clcik title or image.



Marc Kneepkens's insight:

Most interesting are the comments under this article, like this one from Chris Neumann:

What other companies other than Remind 101 has this worked for?  Seems like this is just centered on Remind 101.

IMO, the "code" to "crack" is to figure out which people are getting the most value from your product and orient your marketing around meeting their needs.  Then, figure out which acquisition channels work best, and optimize those channels.  Just be data driven in every step, and you'll grow.  I do this for multiple companies on a consulting basis, and just getting the company to become data driven in their decision making is often very very difficult.  It's also hard to instrument things and collect the data in the first place, so that's why most companies aren't data driven.  In short, figure out what's working and do more of that.  Figuring out what's working is hard.


or this one from Raymond Duke:

There are a set of principles that you can use to grow a product or service. They've been used since a cavemen traded tiger meat for a new cave, to companies been sold for 1 billion dollars. Be wary of those who claim to have developed something "new" - because they are manipulating you. "Cracking the code" or using terms like "growth hacking"  is just like rotating an unbroken wheel.

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The single biggest reason why startups succeed

The single biggest reason why startups succeed | Competitive Edge | Scoop.it
Bill Gross has founded a lot of startups, and incubated many others -- and he got curious about why some succeeded and others failed. So he gathered data from hundreds of companies, his own and other people's, and ranked each company on five key factors. He found one factor that stands out from the others -- and surprised even him.





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Marc Kneepkens's insight:

Bill Gross has started hundreds of companies. He is the proverbial entrepreneur. Listen to this 6 minute TED talk and find out what matters most when creating a startup or even a small business. What is the main factor for success?

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9 Ways That Cities Are Creating Tech Communities That Support Civic Innovation - Co.Exist

9 Ways That Cities Are Creating Tech Communities That Support Civic Innovation - Co.Exist | Competitive Edge | Scoop.it
These are the cities that are the best and worst at working with local startups for the benefit of all involved.

How can cities truly embrace technology to improve their operations and provide better public services? Despite no shortage of focus on this question, cities—with their entrenched ways of doing things and cautious approach—have struggled on this issue.

A new report called the Citie Framework attempts to provide answers. It advocates a link between local communities of tech companies and innovative governance—a kind of "feedback loop," if you will. "While city authorities can’t create tech communities or entrepreneurs, what they can do is optimize the policy levers that are within their control to design the best set of conditions for innovation to flourish," it says. Read more: click on image or title.




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Via Günter Schumacher
Marc Kneepkens's insight:

Cities are catching on to the world of technology. How are they doing? Which ones create the best environment for startups and investors?


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The Key to Fitness for Startups: Advice, Best Practices, & Tools | Mattermark

The Key to Fitness for Startups: Advice, Best Practices, & Tools | Mattermark | Competitive Edge | Scoop.it
It takes 2 minutes of walking every hour to improve your health. Let’s investigate a few habits and fitness startups that will make that easier.

Exercise is one of the most important, least utilized, tools in every founder’s toolkit.

Think about it. You already know how important it is for your happiness and overall health. But, some of the biggest benefits are ones that can help you and your team to level up at work.

Regular exercise is attributed with improving concentration, sharpening memory, speeding up learning, enhancing creativity, and lowering stress.

Paul Graham, of Y Combinator, probably understands this more than most. He makes a point to all founders entering YC that exercise is as key to a startup’s success as building product and talking to users. Read the whole article: click on title or image.


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"I wanted to take a moment to thank-you and your team for the incredible job on the Redux business plan. It was an absolute breeze to work with you and would look forward to working with you again in the future."
Hannah Kirby
Owner Redux Beverages, LLC

Marc Kneepkens's insight:

I have not created a 'fitness' topic on Scoop.it yet. However, fitness and health are on top of my list. A future website is in the making. Fitness is one of the most important requirements needed for success in business, and in life.

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Accelerators Are The New Business School

Accelerators Are The New Business School | Competitive Edge | Scoop.it

It’s no secret that most startups fail. What’s a bit less obvious is that most startup accelerators also fail. While a few top-tier programs get the cream of the crop unicorns of the future, the hundreds of others struggle to attract teams that will produce the investment-grade companies on which their models so depend.

As the true business school of the future, most of them provide tremendous educational value to these budding entrepreneurs — who very well may produce a valuable company some day. Overwhelming odds are, however, that those initial projects that accelerators get a piece of, for their cash and time investment, aren’t the ones with which the entrepreneurs will ultimately succeed. For accelerators to survive long term, their business model has to change. Read more: click on image or title.




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Some history and evaluation of the start up accelerator model.

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Solopreneur: 8 Ways To Stay Motivated When Working For Yourself

Solopreneur: 8 Ways To Stay Motivated When Working For Yourself | Competitive Edge | Scoop.it
Be excellent at one thing rather than mediocre at many.

It was fall 2014, and I was stuck.

You may be able to relate.

When you’re building something – a business, a blog, a website – you’re constantly learning and taking in information, and all of that information can easily become overwhelming.

I wanted to research so many things and incorporate them into Unsettle and test different theories, but my brain was on overload.

And what resulted? Nothing. I didn’t do anything, except “research.”

I didn’t produce (though I told myself I was being productive), and I realized a few weeks before my launch date that I didn’t have much prepared.

When I realized this, I stopped myself from researching any further and wrote down all of the principles I knew about creating a successful lifestyle business.

Thereafter, I referred to them when I’d get lost, overwhelmed or feel unmotivated.

These became my guiding principles in creating this website, and they take the pressure off my mind by guiding it in the right direction.

Maybe they’ll help you, too:

Read more: click on image or title.





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Marc Kneepkens's insight:

Working alone has its own challenges. You're your own boss with your own schedule, aspirations and dreams. How do you manage yourself? Sarah Peterson gives some guidelines to get you there.

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The Startup Shrink Will See You Now

The Startup Shrink Will See You Now | Competitive Edge | Scoop.it
In Berlin’s startup culture, consulting overlaps with therapy

Julia Derndinger is Berlin’s startup therapist. Each week, she sees a dozen company founders at her apartment on Oranienburger Straße, where €200 ($227) an hour buys advice on spending, expansion, and hiring, plus hot tea and, occasionally, relationship counseling. Derndinger also helps navigate the extra layers of danger and anxiety that come with running a fledgling business in Germany. The local financial press has dubbed her die Gründertrainerin, “the founder trainer.”

As many as 1,000 startups have begun life in Berlin in the past year, and the local tech industry employs about 60,000 laptop jockeys in conventional offices or huddled at cafes and co-working spaces with Fritz-Kola and craft beer. But the “fail fast, fail often” ethos of Silicon Valley is at odds with the notoriously cautious German business culture. Germany ranks 25th out of 29 high-income countries by new-business formation, according to the World Bank. Among other factors, shuttering the local equivalent of a limited liability company takes a year or more and lands directors on a banking blacklist.

Discretion is paramount for Derndinger, a startup veteran who began taking on clients two years ago after encountering a wave of founders in need of hand-holding. She says most are in their early 30s, manage at least 50 employees and €10 million in annual revenue, and take more than a year to publicly admit they meet with her. “We don’t talk about problems in Germany,” Derndinger says. “It’s just not sexy to be coached.” Read more: click image or title.





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Marc Kneepkens's insight:

Good to have an outsider mentor you. Being a founder puts a lot of pressure and responsibility on you.

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Lessons From Dave Goldberg: An Open Letter To Aspiring CEOs And Young Entrepreneurs

Lessons From Dave Goldberg: An Open Letter To Aspiring CEOs And Young Entrepreneurs | Competitive Edge | Scoop.it
Silicon Valley and corporate America would be a better place if more people led their companies like Dave.

Dave Goldberg was a fantastic leader and his untimely passing was tough for those of us who worked for him at SurveyMonkey.

He was not only a great boss, which many can confirm, but he also was a visionary on a new, better way to build a high tech business.

A lot of young entrepreneurs think a CEO should be like Steve Jobs and try to emulate him. In my opinion, you would be much better served emulating Dave. He was the type of leader we need in high tech and one you rarely see.

Here’s what I learned watching Dave. Read more, click on image or title.





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Marc Kneepkens's insight:

Not all successful CEO's are like Steve Jobs. There are different ways and opinions on what you can be like when being a leader. This article is refreshing and enlightening.

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So, About That Uber Ruling

So, About That Uber Ruling | Competitive Edge | Scoop.it

Some bad news broke for Uber today — the California Labor Commission ruled that one of the company's drivers was an employee. Uber has long insisted that those drivers are independent contractors, not employees, and that’s a key part of the business model. However, Uber’s situation isn’t nearly as dire as it first seemed.

The initial story from Reuters suggested that the decision applied to all Uber drivers, and some follow-up articles made the same mistake. (We’re guilty. Our story is now corrected.) However, Uber released a statement saying that the decision is “non-binding and applies to a single driver.”

And while you’d expect the company to downplay the significance here, I also spoke to several lawyers and legal experts, who confirmed that that’s the case.

For example, startup-focused lawyer George Grellas wrote on Hacker News that “this ruling has basically symbolic importance only.” That’s particularly true since Uber is appealing the commission’s decision, so this case will be decided in court (and with further appeals, that process could take years).

“This doesn’t mean that Uber doesn’t have a huge battle on its hands, both here and elsewhere,” Grellas wrote. “It just means that this ruling sheds little or no light on how it will fare in that battle.”

Read more: click image or title.




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Marc Kneepkens's insight:

After reading the whole article it appears that this is not the end of it. This case can go on for years, it can be duplicated with other people in similar cases, and it is not a general ruling.

The significance of this to me is that of the 'contractor'/'employee' status. The labor department and the IRS have created rules for many years to create more income for the government. In my opinion there should be a choice for the employee and for the company. Which status do you choose, and which system do you want to follow, based on how you approach the task at hand. The economy can use some streamlining. Of course, established industries that are being disrupted, such as in this case the taxi industry, will not let this happen without a big fight.

Technology and the internet are changing the world rapidly. Old models will change, one way or the other.

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In the Future, Employees Won’t Exist

In the Future, Employees Won’t Exist | Competitive Edge | Scoop.it

Contract work is becoming the new normal. Consider Uber: The ride-sharing startup has 160,000 contractors, but just 2,000 employees. That’s an astonishing ratio of 80 to 1.

And when it comes to a focus on contract labor, Uber isn’t alone. Handy, Eaze and Luxeare just a few of the latest entrants into the “1099 Economy.”

Though they get the most attention, it’s not just on-demand companies that employ significant contract workforces. Microsoft has nearly two-thirds as many contractors as full-time employees. Even the simplest business structures, sole proprietorships, have increased their use of contract workers nearly two-fold since 2003.

Four trends are converging to make contracting more attractive for both employers and workers, and reshaping how businesses and employees look at the traditional full-time model.

Read more: click on image or title.


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"Hey Dave!
I bought one of your business planning templates and have been receiving your emails and videos for a few months now…
I just wanted to say thanks for cranking out such amazing work!
You're doing an incredible job, and I know entrepreneurs everywhere are benefiting from it!
Please, keep it up!
Wishing you all the best!"
Colin Pape
President
ShopCity.com, Inc.


Marc Kneepkens's insight:

The fight to get contract workers approved isn't over yet. Both the IRS and Dept of Labor want the government to take their share out of employment. May court battles will be fought over this.

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Your startup is loved locally, but how do you expand it globally?

Your startup is loved locally, but how do you expand it globally? | Competitive Edge | Scoop.it
Introducing a new idea into the market and turning a profit is a feat in itself. But what happens when your startup has reached its limits on a local scale, tempting you to see how far your company can really go?

As a company that started locally in Canada — and currently making a push to expand into the US market and other countries — we have taken on a number of strategies that will help many entrepreneurs work around the challenges that continue to face small business expansion overseas.

If you approach the process of expansion as an almost entirely new venture, that mindset may allow you (as the hopeful entrepreneur) to take the right steps to build a successful international company.

From the beginning, a startup leaving its comfort zone and established consumer base needs to realize that a new strategy for a particular location will not necessarily work everywhere. Regardless of the scale, it is important to note that each region, city, or market will have its unique need for the same service.

Also, unless the company is a well-known household name, consumers in foreign markets tend to trust and be more aware of local brands. This awareness and trust spills over into the workforce of a company, whether they are local or outsourced — a factor that can turn customers on or off in many markets.

For these reasons, I believe that there are three key points that an established startup needs to take into account for preparing itself in an expansion strategy. Read more: click image or title.




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Marc Kneepkens's insight:

Expanding globally is like starting your business all over. It's not the same as what you did before. You did gain some experience locally, but doing business with different cultures comes with challenges.

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Startup Advising Is Broken — Here’s What We’re Doing to Fix It

Startup Advising Is Broken — Here’s What We’re Doing to Fix It | Competitive Edge | Scoop.it

Every startup founder wants to find and collaborate with the right advisors in hopes of solving their most pressing problems. Despite everyone’s best intentions, the more advising relationships we see across our 250+ companies and beyond, the more convinced we are that the traditional advisory model is broken for both founders and advisors.

Founders have trouble getting tangible value from advisors given these relationships are typically 2+ years in length and often exist around no more than a handful of coffee meetings. A vast majority of startups have 5 to 10 general advisors who take equity and end up as nothing more than names on a slide deck. There aren’t specific deliverables or standardized ways to work together. No one knows what fair economics look like.

And it’s not any better for advisors. We often hear that “It’s too hard to find the right entrepreneurs to work with,” or “It’s too much of a time commitment.” “It’s unclear what role I should play,” or “It’s awkward to negotiate pay or equity.”

In most cases, it ends up being expensive, wasteful, and frustrating for everyone involved. Read more: click image or title.


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Marc Kneepkens's insight:

Advisors are great, but working with them comes with its own set of problems. First Round is offering some solutions by way of an experiment.

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Honey Almast's comment, June 12, 2:42 AM
hahah you got to check this out - http://goo.gl/QJIdMf
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13 Tricks for Landing Your First Thousand Customers

13 Tricks for Landing Your First Thousand Customers | Competitive Edge | Scoop.it

Getting the first 1,000 customers will not guarantee your success, but it will you give you a chance to get some real-world feedback -- and maybe even pay some bills at the same time!

As a startup, your biggest challenge is to get customers on board and getting the first 1,000 always takes the most work. You’re still learning what works while building up repeatable processes that scale. Getting the first 1,000 customers will not guarantee your success, but it will you give you a chance to get some real-world feedback -- and maybe even pay some bills at the same time! Read more: click image or title.




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Marc Kneepkens's insight:

The toughest part of starting a business is to get the ball rolling. Finding your first clients, treating them well, and having them create the word-of-mouth effect. Great tips in this well written article.

Finding funding without having a client base is extremely difficult. Having the 'great idea' is not enough. Get clients, get moving.

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Hire the Right Recent Graduates for Your Startup With These 4 Tips

Hire the Right Recent Graduates for Your Startup With These 4 Tips | Competitive Edge | Scoop.it
You may find yourself with an influx of applications from new entrants to the job market. How do you find the best?

One of the most important tasks you will face as a business founder is the recruitment of your first team members. Many founders struggle with this task -- I did when I started my company. Industry veterans might command a salary that you can’t afford, or candidates whose impressive skill sets you can afford may not align with your core values.

Your search for the ideal hire may be further complicated by the rapid influx of recent college graduates into the job market. In the weeks following their May and June graduation ceremonies, you may find dozens -- if not hundreds -- of graduates applying for open positions at your company. Given their relative lack of employment experience, how can you identify the college graduates who are best suited to the swift pace and constantly evolving nature of startup life?

Impressive candidates can come from all sorts of experience levels and ages, so you should try not to limit your search to just one group. If you do, however, choose to pursue recent graduates, here are four pieces of advice that can help identify the right ones to join your team. Read more: click on title or image.





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Marc Kneepkens's insight:

Hiring great people is a very complicated process. This article provides a few general tips that help. If you're looking for great developers/programmers/engineers... contact me on Linkedin. You can't afford mistakes when it comes to hiring for a startup. Mistakes right at the start can be fatal.

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