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How to Get Great Ideas from Your Team

How to Get Great Ideas from Your Team | Competitive Edge | Scoop.it

The thing about brainstorming, idea management and other business tools for collecting ideas is that they are artificial processes that attempt to induce creativity on groups and, as such, acknowledge a simple fact: the office is a terrible place for having and developing ideas!

To read the full article, click on the title.



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Via Rowan Norrie, Ivan Berlocher
Marc Kneepkens's insight:

Innovation and creativity is not a logical thing. Playing, doing irrelevant activities, getting out of the office, all contribute to release the 'illogical' stuff that is under the surface. This is an interesting article, especially when looking for a change.

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Rowan Norrie's curator insight, May 14, 2014 7:14 AM

Some good ideas about how to get out a mental rut and gain new insights.

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How This Entrepreneur Is Turning a Profit in Developing Countries

How This Entrepreneur Is Turning a Profit in Developing Countries | Competitive Edge | Scoop.it
Sam Goldman used his imagination and business acumen to supply a critical product to 100 million consumers.

In The Business of Good, serial and social entrepreneur Jason Haber intertwines case studies and anecdotes that show how social entrepreneurship is creating jobs, growing the economy, and ultimately changing the world. In this edited excerpt, Haber tells the story of one entrepreneur who figured out how to help the developing world while creating a profitable business for himself and his partner.

No matter the sector, business opportunities are now ripe in the Base of the Pyramid (BoP) -- the largest and poorest worldwide population. The only question is who will harvest them. D.light cofounder Sam Goldman intends for it to shine on 100 million people by the start of the next decade.  Read more: click image or title.

 

 

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Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!


Via ventureLAB
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A dream for an #entrepreneur: finding a great product to help millions of people.

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Pokémon Go is doing what few apps can – driving real-world traffic

Pokémon Go is doing what few apps can – driving real-world traffic | Competitive Edge | Scoop.it

If you were looking for a rare Pokémon and encountered the sign above, what would you do? Because I’d pay up to get whatever pocket monster was lurking within.

Ingress and Nintendo don’t seem to have made paid in-game locations a part of Pokémon Go’s business model right now (for that, look to in-app purchases), but the ability the app has to drive real-world foot traffic to locations is undeniable. The example above was posted to NeoGAF forums, but others abound, and some businesses are going the other way and using their Poké-presence to encourage folks to come inside. Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

Marc Kneepkens's insight:

#Pokémon Go is stimulating local business. What is the potential?

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Simone Hentze-Orlikowski's curator insight, July 20, 10:31 AM
Werden Sie Unternehmer - und stellen Sie sich diese 7 Fragen für Ihr Network Marketing Geschäft!
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20 Easy Ways to Be a Great Communicator

20 Easy Ways to Be a Great Communicator | Competitive Edge | Scoop.it

This infographic provides the basic rules for connecting with your employees, customers and coworkers.

I'm often surprised at how many people--even dedicated entrepreneurs--can be clueless when communicating with others.

I recently received an excellent infographic from the loan provider NetCredit and Neomam Studios explaining the basic skills that everyone needs.

The entire infographic (along with the sources) is posted on the NetCredit site I've provided main points below, along with my personal commentary. Read more: click image or title.

 

 

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Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

Marc Kneepkens's insight:

Simple rules for becoming a better #communicator

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An open letter from technology sector leaders on Donald Trump’s candidacy for President — NewCo Shift

An open letter from technology sector leaders on Donald Trump’s candidacy for President — NewCo Shift | Competitive Edge | Scoop.it

We are inventors, entrepreneurs, engineers, investors, researchers, and business leaders working in the technology sector. We are proud that American innovation is the envy of the world, a source of widely-shared prosperity, and a hallmark of our global leadership.

We believe in an inclusive country that fosters opportunity, creativity and a level playing field. Donald Trump does not. He campaigns on anger, bigotry, fear of new ideas and new people, and a fundamental belief that America is weak and in decline. We have listened to Donald Trump over the past year and we have concluded: Trump would be a disaster for innovation. His vision stands against the open exchange of ideas, free movement of people, and productive engagement with the outside world that is critical to our economy — and that provide the foundation for innovation and growth.

Let’s start with the human talent that drives innovation forward. We believe that America’s diversity is our strength. Great ideas come from all parts of society, and we should champion that broad-based creative potential. We also believe that progressive immigration policies help us attract and retain some of the brightest minds on earth — scientists, entrepreneurs, and creators. In fact, 40% of Fortune 500 companies were founded by immigrants or their children. Donald Trump, meanwhile, traffics in ethnic and racial stereotypes, repeatedly insults women, and is openly hostile to immigration. He has promised a wall, mass deportations, and profiling.

We also believe in the free and open exchange of ideas, including over the Internet, as a seed from which innovation springs. Donald Trump proposes “shutting down” parts of the Internet as a security strategy — demonstrating both poor judgment and ignorance about how technology works. His penchant to censor extends to revoking press credentials and threatening to punish media platforms that criticize him.

Finally, we believe that government plays an important role in the technology economy by investing in infrastructure, education and scientific research. Donald Trump articulates few policies beyond erratic and contradictory pronouncements. His reckless disregard for our legal and political institutions threatens to upend what attracts companies to start and scale in America. He risks distorting markets, reducing exports, and slowing job creation.

We stand against Donald Trump’s divisive candidacy and want a candidate who embraces the ideals that built America’s technology industry: freedom of expression, openness to newcomers, equality of opportunity , public investments in research and infrastructure, and respect for the rule of law.We embrace an optimistic vision for a more inclusive country, where American innovation continues to fuel opportunity, prosperity and leadership.

To see the names of the people who signed this letter, click image or title.

 

 

 

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Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

 

Marc Kneepkens's insight:

Totally agree.

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9 Business Ideas Under $1,000 You Can Run From Anywhere

9 Business Ideas Under $1,000 You Can Run From Anywhere | Competitive Edge | Scoop.it
Go ahead and pull out that swimsuit or leave the pajamas on, you can still be a successful entrepreneur without being tied to an office.

Looking to start a business and refuse to be tied down to an office? Turns out you can start a company from the comfort of your own home -- or better yet, from an exotic far-flung beach -- for under $1,000.

How is that possible you might ask? Technology. Maria Dykstra, co-founder of TreDigital, a digital growth agency based in Washington D.C., has built her company around technology and allows her employees to work remotely.

“A lot of how we work is online,” she says. “We use Google Docs, a lot. File sharing, video sharing, conferencing, emailing.”

Being comfortable with technology is incredibly important to making a digital business successful, as well as letting customers know that you are traveling.

And despite what most people think, travel can be relatively inexpensive. According to Nomad List, a website that ranks cities for digital nomad friendliness and cost, you can travel and live in some of the best cities for digital nomads at relatively low cost. For example, Bangkok for $1,079 a month, Prague for $899 and Budapest for $1,010.

Technology exists to make remote working convenient, so if you want the digital-nomad lifestyle and don’t have a lot of startup cash, here are 9 low-cost business ideas you can start from anywhere. Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

Marc Kneepkens's insight:

These ideas are fairly general, but they show you in the right direction.

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Pokemon Go Is Driving Insane Amounts of Sales at Small Local Businesses. Here's How It Works

Pokemon Go Is Driving Insane Amounts of Sales at Small Local Businesses. Here's How It Works | Competitive Edge | Scoop.it

For $1.19 an hour, you can have more customers than you've ever seen in your life.

The speed at which Pokemon Go has spread is unprecedented. Less than a week after launch, this augmented reality mobile exploration game has been installed on twice as many phones as Tinder, it has double the engagement of Snapchat, and it is eclipsing Twitter in its percentage of daily active users.

People are spending so much time journeying around looking for Pokemon that getting sore legs from playing for hours on end has practically become its own meme.

Smart businesses have caught on too. As Pokemon Go users traverse their towns in search of Pokemon, local stores, restaurants, movie theaters, and other businesses are capitalizing on this massive opportunity, driving huge amounts of foot traffic and conversions both with simple in-app purchases and creative marketing campaigns.

To start turning the ambulating gamers around you into your new best customers, all you need is to know how to play the game. Here's how:

Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

Marc Kneepkens's insight:

How this game app can have an impact on your small business!

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How do police handle violence in countries where officers don’t carry guns?

How do police handle violence in countries where officers don’t carry guns? | Competitive Edge | Scoop.it

Another week, another police shooting in the United States. So far this year, 569 people have be killed by US police, according to The Guardian’s count. Police brutality is a horrific normality and, in more ways than one, black men being shot by police has become the modern-day equivalent of lynching.

 

But, of course, it doesn’t have to be this way. A police officer does not have to shoot to kill and, in several countries, a police officer does not even have to carry a gun. In Norway, Iceland, New Zealand, Britain, and Ireland, police officers generally do not carry firearms. In one of these countries, Iceland, it’s legal for citizens to carry guns—and roughly a third choose to do so. Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

Good to see how some other countries handle law and order.

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Jeevanigi Jagathrana's curator insight, July 12, 8:24 AM
How do police handle violence in countries where officers don’t carry guns?
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Quit Living To Work And Work To Live | Hey Kendra

Quit Living To Work And Work To Live | Hey Kendra | Competitive Edge | Scoop.it
No one who works themselves to death wins. Learn how to quit living to work and begin working to live.

When I was 22 I decided I wanted to walk into a nursing home, find someone who needed a visitor, and surprise them.

My intention was to deliver some light and love to a wise soul who had been tucked away in a quiet room and forgotten about. To remind them that they had not, in fact been forgotten about.

But busy days weaved themselves into busy weeks, that compounded into crazy months and stacked up into a where-did-they-go years. This, like many of my greatest intentions always seemed to tumble farther and farther down my ever expanding to-do list.

Fast forward five years.

At twenty seven, I finally walked through the front doors of a nursing home. The staff had scanned their roster looking for a resident who was visitor deprived. Their nomination was sitting quietly in Room 202.

I walked nervously through the long quiet halls reading each hand decorated name placard.

Standing in front of Room 202, my palms were sweating through my winter mittens. I had no idea what I was about to find, but I knew I needed to do this.

I walked through the door intending to deliver a gift; but discovered one instead. Read more: click image or title.

 

 

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Marc Kneepkens's insight:

Living your life by this simple rule will totally change how you experience life.

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How Elon Musk Keeps His Employees More Motivated Than Ever

How Elon Musk Keeps His Employees More Motivated Than Ever | Competitive Edge | Scoop.it

I think most of us would have followed him into the gates of hell carrying suntan oil.

What is it like to work with Elon Musk? originally appeared on Quora: the knowledge sharing network where compelling questions are answered by people with unique insights.

Answer by Dolly Singh, Former Head of Talent Acquisiton at SpaceX, on Quora:

After working for Elon for over five years at SpaceX as the Head of Talent Acquisition, there are many potential answers to this question. Any answer I might give will be completely colored by my own experiences, so full disclaimer: this is not an unbiased piece free of personal narrative.

It is said that you cannot dream yourself a character; you must hammer and forge one yourself. If any leader and any company has done that, and continues to do that, it is SpaceX. To try and capture in words what working with Elon is like, I'd like to share some specific memories, particularly of one really rough day and its epic aftermath. Read more: click image or title.

 

 

Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more: www.Business-Funding-Insider.com


Via Insightlink Communications, Laurent
Marc Kneepkens's insight:

True #leadership starts with showing what you got.

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7 Trust-Building Tips To Use In Your Business

7 Trust-Building Tips To Use In Your Business | Competitive Edge | Scoop.it
Communication, commitment and competence will win over your customers and employees.

Getting customers, clients and employees to trust you can be complicated, but it is imperative for success -- perhaps more important than sales. If you get others to trust you, it's easier to grow and nurture your business and give everyone excellent service. But trust is fragile. If you lose it, it's very difficult -- if not impossible -- to restore it.

So, where do you start with this trust thing?

Trust is mysterious and often elusive. No one can tell you exactly where it originates or how it develops. The trust process is incomprehensible. You can't fake it. You can't go through the motions or pay it lip service. Read more: click image or title.

Marc Kneepkens's insight:

#Trust is so incredibly important in business. Make it one of your most cherished principles and success will follow.

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10 money lessons from professional athletes worth millions

10 money lessons from professional athletes worth millions | Competitive Edge | Scoop.it

It’s far from guaranteed that rich athletes stay rich, which means there’s a lot to learn from these 10 standouts handle their money.

As Steph Curry and LeBron James duke it out in the NBA finals, there can only be one winner. Actually, scratch that. They both win…in their bank accounts. That might sound obvious—Curry is reportedly worth $27 million and James, $223 million—but it’s not.

There are plenty of examples of stars making millions and squandering it all: Mike Tyson, for one, famously declared bankruptcy after earning $400 million. Vin Baker earned $100 million playing basketball, and was last seen working at a Starbucks. And by one estimate, nearly 80 percent of former NFL players end up in dire financial straits two years after retirement.

So it’s far from guaranteed that rich athletes stay rich, which means there’s a lot to learn from how financially savvy pros like these 10 standouts handle their money. Read more: click image or title.

 

 

Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more: www.Business-Funding-Insider.com


Via Enzo Calamo
Marc Kneepkens's insight:

Great stories to learn from, some of those guys are smart and very modest.

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How to Increase Productivity By Working Fewer Hours

How to Increase Productivity By Working Fewer Hours | Competitive Edge | Scoop.it

This CEO cut his employees' workday down to only 5 hours. The result: Happier workers and soaring profits.

You may be paying your employees for an eight-hour day, but the truth is most of them are doing about two-three hours of real work, and just taking all day to do it. Stephan Aarstol, co-founder and CEO of Tower Paddle Boards, says a ton of time is squandered throughout the day and even that productivity is faked to avoid the risk of getting fired. 

In response to these facts, Aarstol cut his employees' workday to just five hours. The catch? With increased pressure to perform, employees had to teach themselves to be highly productive. If they couldn't do it they would be fired, but his team met the challenge--and loved it. "With our five-hour workday, we've created a workweek better than most people's vacation weeks," says Aarstol. "Our workers have moved into a world of abundance, not scarcity, because we've massively shifted their quality of life by giving them the only scarce thing left... their time."

Aarstol outlines the specifics in his book, The Five-Hour Workday. By using the five-hour workday, the company was able to become one of the fastest growing in the nation. Here's a preview of the theory he suggests in our recent interview. Read more: click image or title.

 

 

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Via ventureLAB
Marc Kneepkens's insight:

This #CEO challenges you to try this in your company. Will your #profits go up?

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So You Want to be a CEO — Hone These Traits First

So You Want to be a CEO — Hone These Traits First | Competitive Edge | Scoop.it

Even if you’re several years away from even being considered for a CEO seat, it’s never too early to hone the key traits you’ll need to demonstrate to keep you in the running. Here are 6 tips that can help keep you on the right track. Read more: click image or title.

 

 

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Do you have what it takes?

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3 key business lessons from Facebook's Mark Zuckerberg

3 key business lessons from Facebook's Mark Zuckerberg | Competitive Edge | Scoop.it

The 32-year-old billionaire shares his secrets on how to turn start-ups and breakthrough ideas into thriving businesses.

About 10 years ago, in room H33 of Harvard University's Kirkland House, one 19-year-old launched "thefacebook.com." Today that 19-year-old is 32 years old and sits at the helm of a $340 billion social networking empire.

 

Facebook's ability to give every private citizen a public identity revolutionized the way we share our lives and raise awareness about our ideas. It created a breeding ground for entrepreneurs like Evan Spiegel, the Snapchat founder and CEO, who is worth upward of $2.1 billion at the young age of 26.

From Zuckerberg we learned that goals deemed unachievable — like bringing back the nostalgia of Pokemon in an app that shattered the social sphere — thrive within the tech ecosystem. Today the Apple App Store, home to many of these popular platforms, grows by more than 1,000 apps every day, according to the International Business Times.

So what's the by-product of all this noise? A community of new age entrepreneurs who are rapidly swiping left or right and filtering photos to grow their business. But before they began hashtagging, many of these self-made social media mogul's were just trying to learn the tools of the trade from leaders like Zuckerberg, who turned Silicon Valley and everything that came out of it on its head. Here are three relevant tips he gives to all new age entrepreneurs looking to disturb this racket even further: Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!


Via Enzo Calamo
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Excellent, he even writes one of these on all of the inner walls of the

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4 Ways to Decide Whether You Should Pursue Your Startup Idea

4 Ways to Decide Whether You Should Pursue Your Startup Idea | Competitive Edge | Scoop.it

Is your brilliant startup idea really that brilliant? Test it, and find out for sure.

It’s tough being an entrepreneur. Sometimes we’re struck with brilliant startup and product ideas during romantic dinners and sometimes the brilliant idea we scribbled on our girlfriend’s napkin isn’t so brilliant after all. If you’re an entrepreneur, you probably think of dozens of near-excellent ideas daily - in the shower, in the car, in the office -- constantly wondering if someone’s already developed an app for your very unique idea.

If someone didn’t, it’s probably not long before your excitement gets the best of you, and you find yourself already drafting your next startup’s mission statement in your head. But in a few months, you might stop and realize that you rushed into a startup that doesn’t have an explicit market need.

Unfortunately, this happens a bit too often. Or, to be exact, it happens 42 percent of the time. In this post, you'll learn four ways to test your startup idea before you ask your brother-in-law for that loan. Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!


Via Pantelis Chiotellis
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Before committing, #test your #startup in a few different ways.

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6 Brilliant Ways to Stop Thinking About Work When You Get Home

6 Brilliant Ways to Stop Thinking About Work When You Get Home | Competitive Edge | Scoop.it

The time we spend at home is absolutely precious and there’s no greater shame than when we head back to our loved ones after a full day in the office only to continue thinking about every decision we made during the day, every interaction we had with colleagues and what’s to come tomorrow.

When you get home from work, the office should be the last thing on your mind. Scrap that – it shouldn’t be on your mind whatsoever.

But that is far easier said than done, and in this post, I’ve got 6 tips I rely on day-in, day-out to stop myself from thinking about work when I should be enjoying time with those closest to me.


Read more at http://www.business2community.com/strategy/6-brilliant-ways-stop-thinking-work-get-home-01594764#KCfhsLM8B66yvFPw.99
 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

 


Via massimo facchinetti
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Don't be a hostage to your work life.

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How Entrepreneurs Can Keep Their Passion from Fading

How Entrepreneurs Can Keep Their Passion from Fading | Competitive Edge | Scoop.it

Don’t stick to your original plan.

Time and time again, passion has been cited as a key ingredient for entrepreneurial success. It’s what motivates people to start a new business. It’s also what helps them persevere when the going gets tough. It is the “fire in the belly” that makes entrepreneurs pursue their dreams and that makes the improbable possible. Or, like Anita Roddick, founder of The Body Shop, famously said, “To succeed you have to believe in something with such a passion that it becomes a reality.”

In recent years, academic research has also sought to understand how entrepreneurial passion really works. Most relevant to start-ups is being passionate about founding activities. Passionate entrepreneurs are those who feel excited about their identity as a venture founder and who consider being a founder as an important part of who they are. These are the people who will introduce themselves at parties as, “Hi, I’m the founder of X” and see start-up opportunities everywhere they look. In line with the popular view on passion, studies have shown that entrepreneurial passion really boosts entrepreneurs’ creativity and persistence. Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!


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Keeping the fire alive...

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Chinese Business Etiquette 101 for Doing Business in China - Doing Business in China | China Business Forum

Chinese Business Etiquette 101 for Doing Business in China - Doing Business in China | China Business Forum | Competitive Edge | Scoop.it
China Business Forum is the exclusive business resource dedicated to becoming the leading online and offline community in the world for SME’s interested in doing business in China.

With the large and prosperous market, China could be your most lucrative country to do business in.

But doing business in China is not simple at all.

China is considered by many businessmen to be the most difficult country to break into.

I’m sharing the basics of doing business in China as Chinese Business Etiquette 101, from my previous consulting experience helping overseas business owners enter into the China market.

You can take it as a guide to avoid common mistakes which might ruin your business in China. Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

Marc Kneepkens's insight:

Doing business with China is different, here is some information to get started.  (By the way, when the newsletter sign up half page shows up, just click on the article side.)

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All 7 Shark Tank Stars Share Tips on How to Become a Millionaire

All 7 Shark Tank Stars Share Tips on How to Become a Millionaire | Competitive Edge | Scoop.it
Hard work, persistence and scrimping win the day, so say these millionaire and billionaire Sharks.

If there's one thing the stars of Shark Tank know, it's how to make money. 

Mark Cuban opened a bar before he was of legal drinking age. The brazen college campus venture lasted six short months. A scandalous snafu with a wet T-shirt contest led to the watering hole’s "sorry end." The former bartender's later business bets -- legal ones, of the tech-related kind -- fared exponentially better, eventually landing him in the millionaire club. Then, not long after, into the three commas club, the realm of billionaires.

Kevin O’Leary came into his first millions after spinning a $10,000 seed investment from his mother into an edtech startup. In not too long, Mattel scooped it up for $3.6 billion. Daymond John stitched a $100,000 seed investment from his mom (who mortgaged her house to give it to him) into FUBU. The fashion startup cleared hundreds of millions in sales within six years.

Chris Sacca’s path to millions -- and later to billions -- is tied to incredibly successful startups, too, though, interestingly, none of his own. He lucked out with some very early and very wise investments in Uber, Instagram, Twitter and Kickstarter, and that’s just the short list.

Lori Greiner spun her love of inventing solutions to everyday annoyances into a multi-million-dollar retail operation. Robert Herjavec, also a multi-millionaire entrepreneur, went from rags to astronomical riches within a few years of emigrating from Croatia to Canada in the pursuit of a better life. And, after failing at 22 jobs, former diner waitress Barbara Corcoran turned $1,000 she borrowed from a boyfriend into a $6 billion-dollar New York City real estate empire that's still going strong.

We recently caught up with all seven Shark Tank star investors on the Culver City, Calif., set of the hit show. There, from behind the scenes of Sony Pictures' Stage 30, they shared their advice on how to become a millionaire. Here’s what they told us: Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Dave...I downloaded your business plan template...It is great!!!...My tax consultants say your plan is amazing. Thanks Dave!!!

Marc Kneepkens's insight:

Some of these entrepreneurs talk about the same one thing you need to be successful.

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What's the Best Way to Legally Structure Multiple Businesses?

What's the Best Way to Legally Structure Multiple Businesses? | Competitive Edge | Scoop.it
There are advantages and disadvantages to structuring multiple business, and lots of ways to do it wrong.

Most entrepreneurs I know are driven, curious and never content with the status quo. These traits are probably why so many of them dabble in multiple ventures. A restaurateur may open a wine shop; a personal trainer may launch a line of fitness apparel. There’s always a new opportunity out there somewhere, and diversifying your income can be a sound strategy. 

If you are running multiple businesses or thinking about starting a second one, you may be wondering what is the best approach for legally structuring each business: should you have separate corporations/LLCs for each one or a big umbrella company to hold them all? Are there any limits to the number of companies one person can form? 

Generally speaking, there are three different ways to structure multiple businesses. There are advantages and disadvantages for each approach -- and the best structure will depend on your personal situation. Here’s some general advice to consider, and you can always discuss your specific needs and details with a CPA or attorney. Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

Clarity when structuring your #company.

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Technology will change where we live

Technology will change where we live | Competitive Edge | Scoop.it

Governor Jerry Brown recently proposed legislation that would streamline the path for large-scale development across California. It could have a huge impact on growing housing supply in San Francisco, specifically, which suffers from NIMBYism and a lengthy, local review process for building developers.

The additional supply spurred by the legislation will help abate the rising housing costs — and is a good thing. But in the end, it may not matter much. Within about five years a new technology revolution will create a massive shift in where people choose to live and, as a pleasant byproduct, will solve San Francisco’s real estate crisis, independent of any legislation. Read more: click image or title.

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km

 

Marc Kneepkens's insight:

#Technology is quickly changing how we live. This article illustrates where we're going. Some amazing insights.

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3 Lesson I Learned After Being Fired From My Own Company

3 Lesson I Learned After Being Fired From My Own Company | Competitive Edge | Scoop.it

On June 13th, 2011 I founded a company that would change the trajectory of my professional life forever. I called it Sevenly. A play on the words “seven” and “heavenly”. A for-profit clothing company where each week we would partner with a new charity and for every item we sold, we donated $7.00.

The company grew quickly. From zero to 22 employees and just over $1 million in our first year. Then to 40 employees and $3.5 million in 2013, and finally almost 50 employees and nearly $6 million in annual revenue by 2014.

The company was hot. People were talking. Investors were interested. Articles, interviews, and keynote speeches were requested. And almost $4 million was donated to charities across the globe.

But in November of 2013, the dagger of change aimed to destroy us. Facebook made their first major News Feed algorithm adjustment and it altered everything. Read more: click image or title.


Via Sandra Brevett
Marc Kneepkens's insight:

Lessons in humility and maturity.

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jugglerplay's comment, June 21, 1:14 AM

Its splendid :)
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7 Actionable Steps to Craft a Lean Business Model

7 Actionable Steps to Craft a Lean Business Model | Competitive Edge | Scoop.it
Start small, use a proven approach, anticipate change and pay attention to customer opinion and market research.

Having big dreams -- like running your own business or turning your idea into a company that can change the world -- is pretty ambitious. And it's only possible if you build your startup on top of a solid business model.

Let’s face the facts. You may think you have a clear business plan and a great business idea, but in reality, you have a bunch of hypotheses. You can waste your time with an old business modeling approach -- write a lengthy document and include lots of charts and data in it -- or you can begin your entrepreneurship journey in a more professional manner and use business model canvas. Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

#Startups need to be #innovative in every aspect of their business.

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If Plan A Fails, Remember that You Have 25 Letters Left : The Art of Non-Conformity

If Plan A Fails, Remember that You Have 25 Letters Left : The Art of Non-Conformity | Competitive Edge | Scoop.it
Unconventional Strategies for Life, Work, and Travel

*My brand-new book, Born for This, is all about helping you find the work you were meant to do. This series explores some of these lessons.

Lesson: Craft backup plans. They will allow you to take more risks and make better choices.

There’s no shame in having a plan B, or even plans C–Z. Use the “if this, then that” method to make a backup plan for every career choice, and then make a backup for the backup. If one strategy doesn’t work, move to the next. Read more: click image or title.

 

 

 

FREE Business Plan Template here: http://bit.l/1aKy7km


Via Sandra Brevett
Marc Kneepkens's insight:

Creating creative #strategies is the pathway to #success.

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My 9 rules for building viable startups: Advice from a startup studio

My 9 rules for building viable startups: Advice from a startup studio | Competitive Edge | Scoop.it

Startup studios are a relatively new type of business.

You might have heard of them before as “venture builders” or “startup factories.” There are only a dozen or so of them in the world, including the original one, IdeaLab, and others likeExpa and BetaWorks. But I believe we’ll see more and more of them in the future because the model works.

The people behind these organizations are seasoned entrepreneurs, investors, and makers. They don’t get pitches, there is no Demo Day, and they don’t make investments in external companies. For the most part, ideas are in-house, built from scratch to validate a business idea and spin it off as an independent startup, with the studio retaining a portion of the equity. Read more: click image or title.

 

FREE Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

#startup studios or #accelerators help startups to evolve and get #seedfunding.

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