Competitive Edge
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Competitive Edge
Creating your Unique Value Proposition to gain your Competitive Edge.
Curated by Marc Kneepkens
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The Valuation Obsession – AVC

There is an obsession with the values that are being placed on companies when they finance. There has always been one but it is worse than ever.

Every day, without fail, I read a headline that so and so company has raised, will raise, or is trying to raise capital at some eye popping valuation.

It would be easy to blame this on the media, which certainly has to shoulder some of the blame for believing that these are important stories to write day after day, week after week, month after month, year after year.

But the media writes what people want to read and talk about.

The problem is us, the tech sector, and the mindset that valuation is the scorecard by which we measure ourselves. Read more: click title.

 

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Marc Kneepkens's insight:

#Startup #founders are obsessed with #valuations. Look at what Fred Wilson, #VC, has to say about that.

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10 Pieces of Advice from VCs Entrepreneurs May Want to Heed

Entrepreneurs, take note! Here are 10 excellent pieces of advice from VCs.

“If you are going to dedicate five to seven years of your life in a company, don’t do it based on some tech article you read. Do your homework and strive to understand the space you are going into…Read more: click image or title.

The World's #1 Business Plan Template: click here

Marc Kneepkens's insight:

Understand how #VC's think and what they require before writing a big check.

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This 14-Year-Old Founder Explains How to Market to Teenagers on Social Media

This 14-Year-Old Founder Explains How to Market to Teenagers on Social Media | Competitive Edge | Scoop.it
You only have a few seconds to make an impression with teens on Snapchat or Instagram.

Everyone knows that the root of marketing is understanding your audience. Knowing who they are, and where they are. Are they reading magazines? Tweeting on Twitter? Engaging in LinkedIn groups? Reading trade publications? Watching online videos? Knowing your audience is the single most important thing for a business owner to understand. Read more: click image or title.

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb


Via malek
Marc Kneepkens's insight:

Amazing how #marketing has evolved. #Teen #influencers certainly make an impression in that specific segment.

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malek's curator insight, September 26, 2017 8:03 PM

most CMOs and CEOs never thought they would be looking to teenagers for advice on their brand or how to create a relevant, dynamic and lasting relationship with their brand, but if that is your audience, then it certainly makes sense to understand how teenagers' brains work.

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This entrepreneur worked for 2 companies acquired by Amazon—here are his top 4 tips for getting ahead

This entrepreneur worked for 2 companies acquired by Amazon—here are his top 4 tips for getting ahead | Competitive Edge | Scoop.it

He has co-founded a start-up to help millennials with their careers.

Christopher Tung graduated with an English degree in 2011 and moved out to New York City, bringing little besides the $3,000 he had saved and his determination to make it. He didn't have a job, and the one interview he had planned fell through.

After more than two months of rejection, he was down to his last $1,000, and his luck turned. He was acquired by the small e-commerce company Quidsi, which was itself acquired by Amazon. Six years later, he has held five positions, including two at different start-ups absorbed into Amazon, and one at Imgur.

Along the way, he learned how to how to keep his ear to the ground, a skill Tung says has helped him navigate his career and figure out when it's time to move on to the next opportunity.

"You never want to be the last one to go," he tells CNBC. "Move when it's advantageous." Read more: click image or title.

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

“Growthink, Inc. daily article emails and newsletter are furthering my business education...better than any business school. Keeps me excited about growing and expanding my business.

Thanks Dave for helping me to create my own "formula" for success/profit.”

Teri Bergstrom

 
Marc Kneepkens's insight:

It comes down to "Grow, Ask, Adapt and Just do It". Good article. 

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3 Founders With Booming Businesses Share Stories About Their Difficult Early Days

3 Founders With Booming Businesses Share Stories About Their Difficult Early Days | Competitive Edge | Scoop.it
Everyone struggles. You're not alone.

Three entrepreneurs look back on the early days of their now-booming businesses.

Moblize:

“I almost pulled the plug on my business.”

Growth hacker status: Growing despite its customer base in the oil and gas industry cratering by 26 percent.

Read more: click image or title.

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

Marc Kneepkens's insight:

Three great stories of #entrepreneurship and #innovation.

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That Time Bill Gates Answered a Tech Support Call ... and Crushed It

That Time Bill Gates Answered a Tech Support Call ... and Crushed It | Competitive Edge | Scoop.it
Leaving the C-suite to spend some time in a cubicle will teach you a lot about your own company.


"Hello, this is Microsoft Product Support, William speaking. How can I help you?"

That’s exactly what he said and it's kind of a famous story in Microsoft lore. It’s worth retelling if, like me, you haven’t heard it. Read more: click image or title.

 

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

 

Save $20.00 on your next hotel booking, try Booking.com

 


Via Enzo Calamo
Marc Kneepkens's insight:

Great story and good lesson for founders and company executives.

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Whitehatsme's comment, March 7, 2017 1:45 AM
Splendid, Sir nice to see you
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New Leaders Should Always Do This First

New Leaders Should Always Do This First | Competitive Edge | Scoop.it

CEO John Ryan's guidelines for first-time leaders.

Back when I was a 23-year-old, newly minted pilot, the Navy put me in charge of my first flight squadron division. It was a role that called for leading a team of about 40 highly trained aviation technicians. Like any first-time leader, I was thrilled with this opportunity and could hardly wait to greet them with an inspiring talk.
While I prepared this speech, which would surely rival anything from John F. Kennedy, the leader of this team of technicians – whose rank was chief petty officer -- stopped by for a visit. 

“Lieutenant Ryan,” said this man, who was 14 years older than me, with nearly 20 years in the Navy, “the guys have heard good things about you as a person and a pilot. They’re excited to work with you.” 

“Me, too,” I told him, already a little curious about what the chief might want to convey. 

“I want you to get off to a good start, so if you don't mind,” he said, “could you tell me what you’re planning to tell them?” 

Now, a little off balance, I tried to explain, rather inarticulately, what I had in mind. 

The chief petty officer listened and then offered some sage advice. “You’ll be our third boss in five years,” he said, “so I can tell you what they would like to hear and, even more importantly, see." Read more: click image or title.

 

 

Growthink teaches how to FUND,build, grow, and sell a great business: http://bit.ly/2hn5ROb

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

“Rather than the typical client/vendor relationship I'm used to, Growthink has been more like a strategic partner and trusted advisor. Not only did they provide me with a dynamic business plan but they have given me invaluable advice and feedback along the way. They have exceeded my expectations in every way possible during this exciting but uncertain time of starting & ultimately growing my business.”

Jerry D. Erickson

President/CEO

FryBrid Cars

Marc Kneepkens's insight:

Excellent advice for new #leaders.

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What’s the Second Job of a Startup CEO?

What’s the Second Job of a Startup CEO? | Competitive Edge | Scoop.it
When startup CEOs start to scale their companies, they need to redefine themselves and their roles or risk stunting the potential of their startups.

Successful startups go through three broad phases as they scale, and a startup CEO’s job changes dramatically in each phase. A CEO’s first job is to build a product users love; the second job is to build a company to maximize the opportunity that the product has surfaced; and the third is to harvest the profits of the core business to invest in transformative new product ideas. This blog post describes how to become a great Phase 2 CEO by focusing on the highest leverage tasks that only the CEO can accomplish. As YC’s Continuity team, we’ve seen many Phase 1 CEOs transition successfully into Phase 2, and some who have not. The future of your startup depends on which kind you are. Read more: click image or title.

 

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

Marc Kneepkens's insight:

A #startup is not just a bid idea or one great product. Successful startups require a whole lot more from their #CEO's.

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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, 2016 1:14 AM

Its splendid :)
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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.

 

 

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


Via Enzo Calamo
Marc Kneepkens's insight:

Do you have what it takes?

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Startup Success: Why Everything Must Work Out In Your Favor - Techstars

Startup Success: Why Everything Must Work Out In Your Favor - Techstars | Competitive Edge | Scoop.it

Last week I talked to a young, first time founder. Before we even talked about Techstars, he said, “You know what, we have raised a little bit of cash, we have a good advisor, we are probably okay, we don’t need an accelerator.”

You cannot imagine how much I cringe when I hear that kind of statement.

It is very difficult for me to convey to first time founders what lies ahead of them. Indeed, if they knew, they wouldn’t do it. “You don’t know what you don’t know.” Read more: click image or title.

 

 

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

 


Via Pantelis Chiotellis
Marc Kneepkens's insight:

Every aspect of your #startup must be world-class, says this Techstars director. #Founders need to realize what they are up against. From the TechStars blog.

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Thoughts on building weatherproof companies — Software Is Eating the World

Thoughts on building weatherproof companies - Software Is Eating the World - Medium

The best founder/CEOs want to build long-lasting, strong companies. But this isn’t just a want, it’s necessary— especially today as companies stay private longer.

CEOs who expect their companies to be acquired as a “quick exit” aren’t going to have it easy. It’s especially hard for those CEOs and advisors who never had to learn how to build a full-fledged, well-governed company — with sustainable sales, marketing, HR, legal, customer support, accounting, and finance — without losing their sense of urgency. They “simply” needed to build a winning product, merge with a larger company, and then let others take care of the rest.

This is both tough and good news for today’s founders/CEOs.

The good news: You have a bigger opportunity than ever before to build a long-lasting, fundamentally important technology company.

The tough news: To do so, you must grow — personally and professionally — to a higher level than you might have experienced in your life before. Doing so means committing to building a company that can go “all the way” on its own.

Below, I share some things I learned on my own journey here. When I ran SuccessFactors, we used to say “we’re building the company like Lambeau Field” (Lambeau Field stadium in Green Bay, Wisconsin, is the home field of the NFL Green Bay Packers, who under their coach Vince Lombardi were known for their winning streak and ability to grab crucial wins even in the worst snow, because their team was built to handle tough weather conditions).

When you are building for long term — as opposed to a quick exit — it becomes obvious very quickly that you’ll have to make very different decisions, on every level from hiring and culture to how you treat sales and customers. You need to test every decision that’s obviously meant for immediate results with “will it also strengthen us in the long term?”

 Successful companies are bought, not sold

Even if your company does end up getting acquired, building your company well is the best you can do for the price you get. When we negotiated selling SuccessFactors for 11X revenues (which at the time was the highest multiple on sales in a decade), if we didn’t like where the value or discussions were going, we knew we could just stop negotiations and keep on building the company. And we weren’t bluffing, which you cannot fake. Because good companies are bought … not sold.

Just as a dog can smell fear, any experienced M&A team can smell a mile off if you want to sell your company, and consequently the price goes down. If you are not selling, and you have the power to stay independent because you are well-built and can handle “bad weather”, you can hold out longer than the acquirer, and the price of your company goes up to what you know it’s worth.

So how do you build such scale, without shortcuts? To start, there are at least five areas I believe a founder must focus on:

Read more: click image or title.

Marc Kneepkens's insight:

Extensive article and great advice for would-be #startup

#success story #founders.

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Get the Salary You Deserve: 4 Steps to Figuring Out What You're Really Worth

Get the Salary You Deserve: 4 Steps to Figuring Out What You're Really Worth | Competitive Edge | Scoop.it
Here's how to negotiate for the salary you want (and deserve) during the job search process, including what research to do and what questions to ask.

According to Manpower’s 2015 Talent Shortage Survey, the global rate of employers struggling to fill jobs is at a seven year high, with 38% reporting an inability to staff open roles. This talent shortage translates into a major advantage for job seekers, particularly those in booming industries (like tech).

However, despite having the upper hand in the hiring process, most individuals fail to negotiate the best deal possible—and there’s a reason for that. People rarely know their worth in the marketplace.

So how can you determine your worth? And more importantly, how do you go from knowing it to actually receiving it? Do you play competing offers off one another? Opt for equity over salary? Negotiate more vacation time?

I’ve talked to a lot of candidates and companies over the years, so here are my best tips for securing a job with a compensation package that fairly reflects your skill set and experience in a competitive landscape. Read more: click image or title.

 

 

Get your Free Business Plan Template here: http://bit.l/1aKy7km

Marc Kneepkens's insight:

Ever wondered what you are worth and if you got the right #salary?

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What I wish I knew about fundraising as a first-time founder

When I founded my company TruStory last year, I was fortunate to connect with an angel investor who immediately saw its potential. 

She made a bet on me and my idea, and wrote a pre-seed check that allowed me to dedicate the next few months to brainstorming and product development. It was an exhilarating and intense time: hours upon hours absorbed in thinking, researching, and building.

Eventually, I saw inklings of a beautiful thing coming together, and TruStory was finally ready for the next step: raising a round of seed capital.

I had no idea what I was getting into. Since TruStory’s angel funding came together so quickly and informally, this was my first real fundraising experience, and I was incredibly naive. In the end it all came together, and I’m immensely thankful for the handful of people who jumped in throughout the process to help guide me. Read more: click image or title.

 

The World's #1 Business Plan Template: click here

Marc Kneepkens's insight:

Excellent article on getting your #startup funded, written from experience. 

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Research: What Happens to a Startup When Venture Capitalists Replace the Founder

Research: What Happens to a Startup When Venture Capitalists Replace the Founder | Competitive Edge | Scoop.it
It actually makes success more likely.

Entrepreneurs often seek external capital to accelerate their growth. This is especially true in hotly contested markets where fast growth can be the difference between success or failure. And yet this outside funding may come with strings attached, which can (and perhaps should) give entrepreneurs pause. Founders will likely find their influence diluted, in terms of both financial equity and their control over the board of directors. They may even find themselves out of a job if their investors decide to fire them and find a replacement. Read more: click image or title.

 

The World's #1 Business Plan Template: click here

Marc Kneepkens's insight:

#Founders are not always #C-level executives. A replacement with a new #CEO is usually more successful.

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How to pitch to VCs and angel investors as a tech startup. 11 tips from founders

How to pitch to VCs and angel investors as a tech startup. 11 tips from founders | Competitive Edge | Scoop.it

Learn how to make even the best investors interested in your business. Emerline interviewed 4 different startup owners and asked to share their secrets!

"Pitching to investors is just like dating but you only get access to their LinkedIn profile whereas they get to see you naked and your bank balance. All the mind games still apply. You need to play hard to get to make yourself more desirable and you can't seem desperate. You will meet lots of people and it is easy to get distracted with investment offers that aren't right but you have to stay strong and wait for 'the one'."

Elyse Daniels, CEO of ExodusWear Read more: click image or title.

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb

“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:

#Pitching #investors is a learning experience. This article illustrators how several #startup #founders went about it. Great stories and good advice.

 

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

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Marc Kneepkens's curator insight, May 15, 2017 9:34 AM

#Pitching #investors is a learning experience. This article illustrators how several #startup #founders went about it. Great stories and good advice.

 

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

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Want to found a start-up? These are the books you should read first, a top VC says

Want to found a start-up? These are the books you should read first, a top VC says | Competitive Edge | Scoop.it
The key to success is often information gathering, Gurley said on Thursday from the LAUNCH Festival in San Francisco.

Bill Gurley's investment firm, Benchmark, has made some big bets that paid off. The firm was an early investor in Instagram, Quora, Snap, Uber, Grubhub and Glassdoor, just to name a few.

He also reads two books a month and writes prolifically, and might someday even pen a book of his own. The key to success is often information gathering, Gurley said on Thursday from the LAUNCH Festival in San Francisco.

Gurley's not alone: Another successful investor, Warren Buffett, has said he spends as much as 80 percent of his day reading. Gurley said that for any entrepreneur, storytelling is a big component of their job — so he has a set of books he recommended: Read more: click image or title.

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb


Via Enzo Calamo
Marc Kneepkens's insight:

Get ahead, read the winning litterature.

 

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How Working at an Unknown Startup can be better than Working at a Popular One

How Working at an Unknown Startup can be better than Working at a Popular One | Competitive Edge | Scoop.it

How Working at an Unknown Startup can be better than Working at a Popular One.

Our culture mythologizes startups and the people who work at them. As a guy who works at a tech startup in the computer vision space, I appreciate the heroic narrative—some people get so excited when I tell them about my job—but I also think correctives to some of the misconceptions are overdue.

I’ll start with three: Read more:

 http://fortune.com/2017/03/11/startup-misconceptions-entrepreneurs-work-life-balance/

 

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

Growthink teaches how to FUND, build, grow, and sell a great business: http://bit.ly/2hn5ROb


Via TechinBiz
Marc Kneepkens's insight:

#Startup sounds exciting. Here are some insights.

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The 21 hottest women-founded startups to watch in 2017

The 21 hottest women-founded startups to watch in 2017 | Competitive Edge | Scoop.it
These women-run companies are about to do big things this year.

There has never been a better time to be a woman in the startup world.

There's no denying we have a long way to go. After all, venture capital firms are made up ofmostly men, and some continue to suggest that women aren't cut out for the tech world at all. And way more VC money is offered to male founders than women.

But more and more women are building multimillion-dollar startups, and venture firms like Forerunner Ventures, BBG Ventures, and Female Founders Fund all focus on companies founded by women.

It's paying off. 2016 saw female founders launch innovative companies and raise millions to help them grow, while startups in their second or third year of life began gaining ground.

And 2017 will likely be even bigger. Here are some of the most exciting women-run companies to keep an eye on in the coming year.

Marc Kneepkens's insight:

Wow! Great creativity in the #startup world. #Women approach startups differently.

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10 Simple Things That Teams Expect From Their Leader

10 Simple Things That Teams Expect From Their Leader | Competitive Edge | Scoop.it

To build a great team, do these 10 simple things.

I remember the first time I became a leader, I called a meeting with my team and said, "Here are my expectations of you." When I finished, I asked if there were any questions, and one of the team raised his hand and said: "Do you know what are our expectations of you?" As this was my first leadership role, the question took me by surprise -- and to be honest, I didn't, as I had only ever thought about leadership from the perspective of the leader. It was understanding their perspective and what was expected of me that allowed me to improve my leadership.

Here are 10 things teams expect from their leader. Read more: click image or title.

 

 

Growthink teaches how to FUND,build, grow, and sell a great business: http://bit.ly/2hn5ROb

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

“Rather than the typical client/vendor relationship I'm used to, Growthink has been more like a strategic partner and trusted advisor. Not only did they provide me with a dynamic business plan but they have given me invaluable advice and feedback along the way. They have exceeded my expectations in every way possible during this exciting but uncertain time of starting & ultimately growing my business.”

Jerry D. Erickson

President/CEO

FryBrid Cars


Via TechinBiz
Marc Kneepkens's insight:

What do YOU expect from a leader?

 

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JASON CAVNESS's curator insight, December 26, 2016 11:58 AM
10 Simple Things That Teams Expect From Their Leader
donhornsby's curator insight, December 27, 2016 10:21 AM
Leaders who meet all 10 of these expectations will have built a loyal, committed team that they can rely upon, a team that is engaged and will do its best to be successful.
 
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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
Marc Kneepkens's insight:

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

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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.

 

 

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


Via Jonathon Shore
Marc Kneepkens's insight:

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

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7 Rock Star Female Founders Share Their Best Startup Advice

7 Rock Star Female Founders Share Their Best Startup Advice | Competitive Edge | Scoop.it

Seven successful women share hard-won advice for staying the course.

There's proof in the data. According to Bloomberg and research by Lesa Mitchell and Professor Vivek Wadhwa, women-led high-tech startups are more capital efficient, achieve 35 percent higher return on investment, and generate 12 percent higher revenue than male-owned companies when venture-backed. Despite these facts, women receive less venture funding and hold fewer C-level positions and fewer partner seats at VCs than men.

This is changing for the better. From Sheryl Sandberg (COO of Facebook) to Sophia Amarosa (Founder of NastyGal), women are leading and inspiring a new generation of entrepreneurs and leaders. My grandmother was a ceiling-buster at GE and became one of the first women managers at the iconic company. My mother blazed a trail for women during her career in technology and telecommunication. They've inspired me to follow in their footsteps and contribute to the voice for gender equality by celebrating and highlighting highly successful female founders, CEOs and investors.

I have interviewed six all-star female entrepreneurs to learn how they achieved their success and share valuable advice. The key takeaways are as follows. Read more: click image or title.

 

 

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

Marc Kneepkens's insight:

There is power in #data. #Women led startups perform better.

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Your on-demand startup won't be around in five years without these three things

Your on-demand startup won't be around in five years without these three things | Competitive Edge | Scoop.it

The supposed startup “bubble” and the on-demand economy are two of Silicon Valley’s most common discussion topics right now. VCs, media, and executives are all talking about them, and one of the most popular arguments is that the on-demand economy will be the first casualty of a bubble that is allegedly starting to burst.

The good news is that plenty of on-demand companies are thriving, innovating and doing exceptional things for the world. However, a slew of these businesses are fundamentally built on a model—on-demand delivery—that had no chance to begin with.

So-called “on-demand” companies can be divided into two categories: (1) those using technology as leverage for a new way of providing a service, and (2) those that classified a mobile app as “technology” and simply added “delivery." For many companies, on-demand is unnecessary. For example, I am a massage addict, and while it is nice to have a therapist come to my house, I don’t need my massage therapist “on-demand." I can keep to my regularly scheduled appointments. By contrast, companies like Uber/Lyft, Airbnb, and even Amazon have found ways to make an on-demand business that is both necessary and sustainable. Read more: click image or title.

 

 

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


Via Pantelis Chiotellis
Marc Kneepkens's insight:

What does it take to make your #on-demand #startup succeed?

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Beware the pitfalls of Silicon Valley

Beware the pitfalls of Silicon Valley | Competitive Edge | Scoop.it

A recent article in Frankfurter Allgemeine Zeitung titled “Will Facebook Enslave Us?” captures a sentiment prevalent among companies around the world: admiration for Silicon Valley — albeit, with a dash of fear.

International media outlets eagerly cover disruption developing in labs up and down the San Francisco peninsula. Boards of directors are spending hours debating how to react to the next wave from Silicon Valley. Today’s common conclusion is an old one: If you can’t beat them, join them. But for many, that is easier said than done.

The obstacles to joining forces

Many global business leaders want to experience Silicon Valley firsthand to understand what makes this hotbed of technology so unique, to uncover its secret recipe and to tap into potential collaboration opportunities. Read more: click image or title.

Marc Kneepkens's insight:

How to find your way in #SiliconValley and find the right way to cooperate. 

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