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Sources of Personal Financing

Typically, the seed money that gets a company off the ground comes from the founders’ own pockets. There are three categories of sources of money in this area: personal funds, friends and family, and bootstrapping.

1. Pe... 

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Business Idea: Create a Website and a smartphone app that provides a visual guide to great food and where to find it.

Company: Foodspotting

Business Idea: Create a Website and a smartphone app that provides a visual guide to great food and where to find it. Instead of reviewing restaurants, users will share where to find their fa... 

Read more ››

Business Idea: Create an online community that links interns (primarily college students) with entrepreneurial start-ups and change-oriented nonprofit organizations.

Company: YouTern

Business Idea: Create an online community that links interns (primarily college students) with entrepreneurial start-ups and change-oriented nonprofit organizations.

Pitch: Int... 

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52 Tips for Losing Weight

A Tip a Week

If you add one of these tips a week to your daily routine, in one year you will have developed some very healthy habits!

1. Eliminate one tablespoon of fat a day and you will lose 10 pounds in a ye... 

Read more ››

The Law of Cause and Effect – Everything happens for a reason; there is a cause for every effect.

This is the “Iron Law” of human destiny. This law says that we live in a world governed by law, not chance. It says that everything happens for a reason, whether or not we know what it is. Every effect, success or failure, wealth or poverty, has ... 

Read more ››

Organizing Buying Groups to Cut Costs and Maintain Competitiveness

One challenge that businesses confront is cutting costs in ways that don’t erode their ability to remain competitive. Many cost-cutting techniques, such as scaling back on hiring, lowering marketing expenses, or reducing inventory, may save money b... 

Read more ››

What's In A Business Name?: A Lot Of Trouble If You Aren't Careful

Introduction

While at first glance naming a business may seem like a minor issue, it is an extremely important one. A company’s name is one of the first things people associate with a business, and it is a word or phrase that wi... 

Read more ››

Vesting Ownership in Company Stock: A Sound Strategy for Start-Ups

If you’re not familiar with vesting, the idea is that when a firm is launched, instead of issuing stock outright to the founders, the stock is distributed over a period of time, typically three to four years, as the founder or founders “e... 

Read more ››

99designs: Making Partnering with Freelancers the Essence of Its Disruptive Business Model

Start-ups typically have a variety of design needs including logo design, brochures, stationery, and business cards. Traditionally the most important design work, like a business’s logo, is either done by the business itself or contracted out to a ... 

Read more ››

Thriving in a Crowded Industry by Creating Meaningful Value and Differentiation from Competitors

Firms do well in a crowded industry when two conditions exist: (1) they create meaningful value for customers at a fair price and (2) they effectively differentiate themselves from competitors. In fact, diminishing the impact of thre... 

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Shield your brain from decline

Use the SHIELD acronym to remember the lifestyle habits that will help protect your memory and thinking skills.

We are making encouraging progress in finding medications that prevent or even reverse cognitive decline. Until we get there, however, ... 

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Business Idea: Provide musicians a platform to reach out to their fan base to financially contribute to upcoming recordings or other musical projects.

Business Idea: Provide musicians a platform to reach out to their fan base to financially contribute to upcoming recordings or other musical projects.

Pitch: Musicians often have creative ideas for recordings or s... 

Read more ››

Finding the Right Business Partner

One thing that becomes clear to many potential business founders, while conducting organizational feasibility analysis, is that they need one or more partners to help launch their business. You might be a Web developer who has a great idea for a Web ... 

Read more ››

ScriptPad: Interesting Idea—But Will Doctors and Pharmacies Sign On?

To ScriptPad founder and CEO Shane Taylor, the problem his company solves is personal. Taylor’s father, who is fighting both heart disease and cancer, takes 26 different medications to fight his illnesses. Any mix-up or error associated with taking... 

Read more ››

Want Help Fine-Tuning a Business Idea? Find a Mentor

Fine-tuning a business idea isn’t easy. While fairly course-grained ideas are rather easy to develop, like creating a cell-phone that’s designed specifically for elderly people, fleshing out the details is where experience helps. This reality put... 

Read more ››

Working Together: How Biotech Firms and Large Drug Companies Bring Pharmaceutical Products to Market

Large firms and smaller entrepreneurial firms play different roles in business and society and can often produce the best results by partnering with each other rather than acting as adversaries. The pharmaceutical industry is an excellent example of ... 

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Learning how to meditate

Meditation has been practiced for thousands of years and it continues to grow in popularity. This mindful practice can help aid anxiety and depression, chronic pain, cancer, bowel diseases, high blood pressure, insomnia, addiction and so much more.
... 

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Learning how to meditate
PatientsLikeMe: Allowing People with Serious Diseases to Connect with One Another and Exchange Support and Advice

PatientsLikeMe: Allowing People with Serious Diseases to Connect with One Another and Exchange Support and Advice

Web: www.patientslikeme.com

Jamie a... 

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How Companies and Organizations Build Credibility and Trust

How Companies and Organizations Build Credibility and Trust

There are several ways companies and organizations can build credibility and trust. We present eight techniques that are essential in nearly all cases in the following list.

Te... 

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Business Idea: Create a single place for music lovers to track or keep up with their favorite bands, so they’ll always know where and when the bands will be performing in their area.

Business Idea: Create a single place for music lovers to track or keep up with their favorite bands, so they’ll always know where and when the bands will be performing in their area.

In addition, create an online platform for c... 

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CREATING A NEW-VENTURE TEAM

Those who launch or found an entrepreneurial venture have an important role to play in shaping the firm’s business concept. Stated even more directly, it is widely known that a well-conceived business plan cannot get off the ground unless a firm ha... 

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CREATING A NEW-VENTURE TEAM
Discuss the differences among sole proprietorships, partnerships, corporations, and limited liability companies.

When a business is launched, a form of legal entity must be chosen. Sole proprietorship, partnerships, corporations, and limited liability companies are the most common legal entities from which entrepreneurs make a choice. Choosing ... 

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Discuss the differences among sole proprietorships, partnerships, corporations, and limited liability companies.
Airbnb: How Listening to Customers and Iterating the Business Model Helped Shape and Mold a Successful Start-up

Airbnb: How Listening to Customers and Iterating the Business Model Helped Shape and Mold a Successful Start-up

Web: www.airbnb.com

Introduction

It all st... 

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Airbnb: How Listening to Customers and Iterating the Business Model Helped Shape and Mold a Successful Start-up
Components of an effective business model

1. Core strategy (how a firm competes)

2. Strategic resources (how a firm acquires and uses its resources)

3. Partnership network (how a firm structures and nurtures its partnerships)

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Six distinct ways of making money online

Six distinct ways of making money online (the way an online company makes money largely defines its business model)

1. Affiliate programs

An affiliate program is a way for online merchants, like 1-800-FLOWERS, ... 

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COMPETITOR ANALYSIS

After a firm has gained an understanding of the industry and the target market in which it plans to compete, the next step is to complete a competitor analysis. A competitor analysis is a detailed analysis of a firm’s competition. It helps a firm u... 

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Some excellent ways to increase your self-awareness

1. Personal diaries

An excellent way to increase your self-awareness is to keep a diary. In it make a daily note of the important things that happen. Be honest and open with yourself. Be willing to reflect upon your beliefs, thoug... 

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Maintaining positive thoughts

• E. G. S. Emotional Guidance System - Your inner guide

It is said that the average human being has approximately 64,000 thoughts per day. Protecting all of your thoughts 24 hours a day can be a full-time job. There is a better way to gauge how ... 

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TECHNIQUES FOR GENERATING IDEAS

In general, entrepreneurs identify more ideas than opportunities because many ideas are typically generated to find the best way to capitalize on an opportunity. Several techniques can be used to stimulate and facilitate the generation of new ideas f... 

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The 3 sources of business ideas

1. Observing Trends

The first approach to identifying opportunities is to observe trends and study how they create opportunities for entrepreneurs to pursue. The most important trends to follow are economic trends, social trends, ... 

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The 3 sources of business ideas
Success depends on Well Concentrated Efforts

The Successful Lives Are the Concentrated Lives.  

Concentration means success, because you are better able to govern yourself and centralize your mind; you become more in earnest in what you do and this almost invariably improves your chances f... 

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Scientists Reveal Two Simple Words That Can Improve Your Relationship

The research found that greater levels of perceived gratitude protect couples from common stressors such as ineffective arguing and financial problems and promote relationship stability.

• The power of “thank you” – Feeling appreciated by ... 

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Scientists Reveal Two Simple Words That Can Improve Your Relationship
Study: People With Depression Are Less Likely To Have Children

Depression is a mental health condition characterized by persistent feelings of sadness, hopelessness, and lack of interest or pleasure in activities. It can also cause physical symptoms such as fatigue, changes in appetite and sleep patterns, and di... 

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Study: People With Depression Are Less Likely To Have Children
Writing a thank-you note is more powerful than you think

Writing thank-you notes is not just good manners. It can have a strong psychological effect for both the sender and receiver, suggests research published in the September 2018 issue of Psychological Science.

While most people consider showing an ... 

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Writing a thank-you note is more powerful than you think
Giving thanks can make you happier

Each holiday season comes with high expectations for a cozy and festive time of year. However, for many this time of year is tinged with sadness, anxiety, or depression. Certainly, major depression or a severe anxiety disorder benefits most from prof... 

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Eating Ultra-Processed “Ready-To-Eat-or-Heat” Foods Linked to Premature Death

A new study found that increased consumption of ultra-processed foods was associated with more than 10% of all-cause premature, preventable deaths in Brazil in 2019. This is especially alarming, because Brazilians consume far less of these products t... 

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Eating Ultra-Processed “Ready-To-Eat-or-Heat” Foods Linked to Premature Death
Study shows the power of 'thank you' for couples

Gratitude has been a trendy sentiment in recent years – sparking an industry of journals, knickknacks and T-shirts touting thankfulness as a positive force in individuals’ lives.

New research suggests that gratitude from one’s partner may be... 

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Mini relaxation technique to overcome grief

Dealing with grief and loss is extremely stressful. During this time it may help to take mini-relaxation breaks. If you have three minutes, try this: While seated, take a break to check your body for tension. Relax your facial muscles and allow your ... 

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Mini relaxation technique to overcome grief
Scientists: Put Down Your Devices and Let Your Mind Wander

Taking some time to just sit and think might be far more enjoyable than you expect.

People don’t realize how enjoyable it is to sit and think.

According to research from the American Psychological Association, people often underestimate how m... 

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Scientists: Put Down Your Devices and Let Your Mind Wander
Using digital media to relax is related to lower-quality parenting

Caregivers who consume digital media for relaxation are more likely to engage in negative parenting practices, according to a new multinational study.

The new study led by the University of Waterloo aimed to investigate the relationship between ... 

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Using digital media to relax is related to lower-quality parenting
Vitamin B6 supplements could reduce anxiety and depression

Taking high-dose Vitamin B6 tablets has been shown to reduce feelings of anxiety and depression by new research.

Scientists at the University of Reading measured the impact of high doses of Vitamin B6 on young adults and found that they reported ... 

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Cyberbullying puts targeted adolescents at risk for suicide, study suggests

Beyond the many stressors that young adolescents face, being a target of cyberbullying is an independent risk factor for suicide -- above and beyond traditional offline bullying, according to a study released Monday.

That's the finding of a new st... 

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Sources of Personal Financing

  Yesterday at 03:16 PM

Typically, the seed money that gets a company off the ground comes from the founders’ own pockets. There are three categories of sources of money in this area: personal funds, friends and family, and bootstrapping.

1. Personal Funds The vast majority of founders contribute personal funds along with sweat equity to their ventures. In fact, the results of a Kauffman Foundation survey of nearly 5,000 new business owners indicate that just 10 percent of those surveyed used external sources of funds their first year of operation. The numbers change some but no...   Continue reading ››








Counseling Psychology

  3 days ago (Tue, Apr 09, 2024 at 12:51 PM)



File size: 822.59 KB  Download

Counseling and Life 








Ethiopia’s Sovereign Right of Access To The Sea Under International Law

  5 days ago (Sun, Apr 07, 2024 at 10:06 PM)



File size: 308.54 KB  Download

Ethiopia’s Sovereign Right of Access To The Sea Under International Law 








Think and Grow Rich

  5 days ago (Sun, Apr 07, 2024 at 09:56 PM)



File size: 1.2 MB  Download

Think and Grow Rich 








The Power of Now

  5 days ago (Sun, Apr 07, 2024 at 09:40 PM)



File size: 7.51 MB  Download

The Power of Now... 








Law of Attraction

  6 days ago (Sat, Apr 06, 2024 at 12:24 PM)



File size: 481.52 KB  Download

Law of Attraction 








Oreilly Python Cookbook

  6 days ago (Sat, Apr 06, 2024 at 11:19 AM)



File size: 3.16 MB  Download

Oreilly Python Cookbook 








Python - Create Modify Reuse

  6 days ago (Sat, Apr 06, 2024 at 11:06 AM)



File size: 6.29 MB  Download

Python - Create Modify Reuse 








Business Idea: Create a Website and a smartphone app that provides a visual guide to great food and where to find it.

  2 weeks ago (Thu, Mar 28, 2024 at 08:40 AM)

Company: Foodspotting

Business Idea: Create a Website and a smartphone app that provides a visual guide to great food and where to find it. Instead of reviewing restaurants, users will share where to find their favorite dishes and see what dishes other people have liked at the restaurants they visit.

Pitch: Foodspotting began in 2009 when its cofounders realized that while there were many restaurant review Web sites and apps, there was no easy way to find or rate specific dishes. As a result, if a person craved grilled salmon there was n...   Continue reading ››








Business Idea: Create an online community that links interns (primarily college students) with entrepreneurial start-ups and change-oriented nonprofit organizations.

  1 month ago (Mon, Mar 04, 2024 at 04:00 PM)

Company: YouTern

Business Idea: Create an online community that links interns (primarily college students) with entrepreneurial start-ups and change-oriented nonprofit organizations.

Pitch: Internships can help students prepare for professional careers through mentorship and on-the-job training. In many cases, internships lead to permanent employment in that they give an employer a good look at an individual (in terms of skills and work ethic, for example) that they may want to hire upon graduation. Internship opportunities are becoming ...   Continue reading ››








Need Help with Product Development? Consider Establishing a Customer Advisory Board

  1 month ago (Mon, Mar 04, 2024 at 03:47 PM)

Although most firms that have a customer advisory board set them up after their firm is started, primarily to assess customer satisfaction and brainstorm new product ideas, customer advisory boards can be useful before a firm has customers as well. An example of a firm that did this is iConclude, an IT solutions company that was recently acquired by Opsware (www.opsware.com). iConclude was founded to help other companies troubleshoot mission critical software and hardware problems, but when it came to producing an actual product, the company...   Continue reading ››








The Roles of the Board of Directors

  1 month ago (Mon, Mar 04, 2024 at 01:07 PM)

If a new venture organizes as a corporation, it is legally required to have a board of directors—a panel of individuals who are elected by a corporation’s shareholders to oversee the management of the firm. A board is typically made up of both inside and outside directors. An inside director is a person who is also an officer of the firm. An outside director is someone who is not employed by the firm. A board of directors has three formal responsibilities: (1) appoint the firm’s officers (the key managers), (2) declare dividends,...   Continue reading ››








Overcoming a Lack of Business Experience

  2 months ago (Thu, Feb 15, 2024 at 05:00 PM)

Many people who start businesses do not have prior business experience. This is often a worry to people who fit this description. They know that people with experience in accounting, finance, and management generally have a leg up on those who are tackling these challenges for the first time.

There are several techniques and/or approaches to starting a business that people can take to compensate for a lack of business experience.

Get Business Assistance and Advice

There are many places for business founders to get business assistance and advice. The Small Business Dev...   Continue reading ››








Devver: How Miscues in Regard to the Composition and Management of a New-Venture Team Can Kill a Start-up

  2 months ago (Thu, Feb 15, 2024 at 04:42 PM)

Devver (pronounced like “developer,” not “devious”) launched in 2008 to help software developers use cloud-based services to “test” their code in a more expedient manner than current practices. The firm started by focusing on Ruby on Rails software applications. One of its flagship products, Caliper, provided quality metrics to Ruby on Rails developers for their Ruby on Rails code. By using Caliper, a Ruby on Rails developer could quickly discover problems like code duplication, complex code, and code “smells.” In computer programming, a code smell is any symptom in the source ...   Continue reading ››








52 Tips for Losing Weight

  2 months ago (Wed, Feb 07, 2024 at 03:28 PM)

A Tip a Week

If you add one of these tips a week to your daily routine, in one year you will have developed some very healthy habits!

1. Eliminate one tablespoon of fat a day and you will lose 10 pounds in a year.

2. Avoid strange fad diets -- if you can't eat that way for the rest of your life, don't waste your time or your health.

3. Limit alcohol consumption -- each serving contains 100 to150 calories.

4. Eat fruit at least twice a day.

5. Keep a food diary about your food...   Continue reading ››








The Law of Cause and Effect – Everything happens for a reason; there is a cause for every effect.

  2 months ago (Thu, Feb 01, 2024 at 07:55 AM)

This is the “Iron Law” of human destiny. This law says that we live in a world governed by law, not chance. It says that everything happens for a reason, whether or not we know what it is. Every effect, success or failure, wealth or poverty, has a specific cause or causes. Every cause or action has an effect or consequence of some kind or another, whether we can see it, or whether we like it or not.

This law says that all achievement, wealth, happiness, prosperity and success are the direct and indirect effects or results of specific causes or actions. What this means is that, if you ca...   Continue reading ››








The Law of the Stock Market — The value of a stock is the total anticipated cash flow from the stock discounted to the present day.

  2 months ago (Wed, Jan 31, 2024 at 03:40 PM)

A share of stock represents a share of the ownership of the company. This entitles the owner of the share to all the benefits and risks of ownership, including profits, losses, stock increases, declines in value, good or poor management and increasing or decreasing demands for the products or services produced and sold by the company.

When you buy a stock, you are investing a certain sum of money and betting that your return will be in excess of what you could earn in a guaranteed investment, such as a bond or a money market fund. Purchasing a stock is a form of gambling because the future ...   Continue reading ››








Organizing Buying Groups to Cut Costs and Maintain Competitiveness

  3 months ago (Wed, Jan 17, 2024 at 11:12 AM)

One challenge that businesses confront is cutting costs in ways that don’t erode their ability to remain competitive. Many cost-cutting techniques, such as scaling back on hiring, lowering marketing expenses, or reducing inventory, may save money but may also decrease a business’s chances of remaining competitive. Joining or organizing a buying group is one technique that can help to conserve a product-based business’s financial assets without adverse side effects.

A buying group, or buying co-op, is a partnership that bands small businesses and start-up firms together to atta...   Continue reading ››








What's In A Business Name?: A Lot Of Trouble If You Aren't Careful

  3 months ago (Tue, Jan 16, 2024 at 01:32 PM)

Introduction

While at first glance naming a business may seem like a minor issue, it is an extremely important one. A company’s name is one of the first things people associate with a business, and it is a word or phrase that will be said thousands or hundreds of thousands of times during the life of a firm. A company’s name is also the most critical aspect of its branding strategy. A company brand is the unique set of attributes that allow consumers to separate it from its competitors. As a result, it is important that a business choose its name carefully so that it wi...   Continue reading ››








How Legal and Management Snafus Can Kill a Business

  4 months ago (Mon, Dec 25, 2023 at 03:25 PM)

In 1990, Jamba Juice started in San Luis Obispo, California. The company, which sells smoothie drinks, got off to a good start, opened two more cafés in 1993, and now has hundreds of outlets all the way from Hawaii to Boston. In fact, Jamba Juice is somewhat unusual in that at one point during its growth, it obtained venture capital funding, which is normally reserved for high-tech or biotech firms. Apparently, Benchmark Capital, the venture capital firm involved, felt that smoothie drinks were a good bet.

In 1994, two entrepreneurs, Sean Nicholson and Aaron Souza, who had watched Jamba Ju...   Continue reading ››








Vesting Ownership in Company Stock: A Sound Strategy for Start-Ups

  5 months ago (Thu, Nov 09, 2023 at 03:35 PM)

If you’re not familiar with vesting, the idea is that when a firm is launched, instead of issuing stock outright to the founders, the stock is distributed over a period of time, typically three to four years, as the founder or founders “earn” the stock. The same goes for employees who join the firm later and receive company stock. Instead of giving someone stock all at once, the stock is distributed over a period of time.

The reason vesting is a smart move is that although everyone is normally healthy and on the same page when launching an entrepreneurial venture, you...   Continue reading ››








99designs: Making Partnering with Freelancers the Essence of Its Disruptive Business Model

  6 months ago (Fri, Oct 13, 2023 at 01:03 PM)

Start-ups typically have a variety of design needs including logo design, brochures, stationery, and business cards. Traditionally the most important design work, like a business’s logo, is either done by the business itself or contracted out to a professional designer. While professional designers can create good work, they often charge upward of $1,000 to create a logo, which may exceed many start-ups’ budgets.

In early 2008, 99designs introduced a business model that disrupts this process. The company, started by Matt Mickiewicz, launched in Australia and opened a U.S. office in late...   Continue reading ››








Three Industries, Three Business Model Innovators

  6 months ago (Fri, Oct 13, 2023 at 12:41 PM)

Business model innovation is an important part of the entrepreneurial process. Not only do entrepreneurs bring new products and services to market, but new business models often revolutionize how products and services are sold and have the potential to bring considerable value to businesses and consumers. The following are examples of business model innovations in three industries.

Warby Parker

Warby Parker is pitching itself as an alternative to what it calls the overpriced and bland eyewear available today. By circumventing traditional channels, such as selling through...   Continue reading ››








Thriving in a Crowded Industry by Creating Meaningful Value and Differentiation from Competitors

  7 months ago (Thu, Sep 14, 2023 at 02:34 PM)

Firms do well in a crowded industry when two conditions exist: (1) they create meaningful value for customers at a fair price and (2) they effectively differentiate themselves from competitors. In fact, diminishing the impact of three of Porter’s five forces rests largely on these factors. A firm is able to withstand rivalry among existing firms and is able to deter substitutes and new entrants by creating value for its customers and offering something that people can’t get anywhere else.

The following are examples of three businesses that are creating unique value in t...   Continue reading ››








Business Idea: Provide musicians a platform to reach out to their fan base to financially contribute to upcoming recordings or other musical projects.

  8 months ago (Wed, Aug 16, 2023 at 03:25 PM)

Business Idea: Provide musicians a platform to reach out to their fan base to financially contribute to upcoming recordings or other musical projects.

Pitch: Musicians often have creative ideas for recordings or similar projects but can’t raise the money to move forward. When their fans hear that they’ve passed on an album or a creative new approach to offering their music, they often react by saying or thinking to themselves, “Man— I wish there had been a way that I could have helped.”

Now there is. PledgeMusic is a Kickstarter-type Web site t...   Continue reading ››








Types of Partnerships That Are Common in Business Plans

  8 months ago (Wed, Aug 09, 2023 at 12:17 PM)

Because new businesses are resource constrained, they often make partnering an essential part of their business plans. Effective partnering can help a start-up in many ways. The following are examples of the types of partnering scenarios that are common in business plans.

Smaller Companies Partnering with Larger Companies to Bring Their Products to Market

Because the cost of bringing a new drug to market is so high, biotech companies normally partner with large pharmaceutical companies to bring their products to market. Biotech companies specialize in discovering and dev...   Continue reading ››








Case study: Tommy John: The Role of Product and Industry Feasibility Analysis in Launching a Consumer Products Company

  8 months ago (Wed, Aug 02, 2023 at 12:40 PM)

Website: www.tommyjohn.com

Twitter: TommyJohn

Introduction

Just a few years ago, Tom Patterson was working as a medical device salesman. Today, his company, Tommy John, brings in about $2 million in revenue and makes the top-selling men’s undershirts at Neiman Marcus and Nordstrom. How does that happen? Patterson had no prior experience in the men’s clothing industry—just a problem to solve and a lifetime desire to be an entrepreneur. It’s an int...   Continue reading ››








Finding the Right Business Partner

  9 months ago (Wed, Jul 26, 2023 at 10:55 AM)

One thing that becomes clear to many potential business founders, while conducting organizational feasibility analysis, is that they need one or more partners to help launch their business. You might be a Web developer who has a great idea for a Web 2.0 cooking site, for example, but have no experience in marketing or sales. In this instance, you may need to find a partner with marketing and sales experience to successfully launch and run the firm. There are five key criteria to look for in a business partner. You want to get this right because picking the wrong partner or partners can lead to...   Continue reading ››








How Learning from Customers Caused a Successful Firm to Make a 180-Degree Turn on the Positioning of a Product

  9 months ago (Mon, Jul 24, 2023 at 03:18 PM)

Bill Gross is both a serial entrepreneur and the founder of Idealab, an incubator-type organization that has launched over 75 companies. He’s also an Internet pioneer and the creator of the pay-per-click model of Internet advertising. In speaking to groups about entrepreneurship and in working with start-ups at Idealab, there is a story that Gross likes to tell about the importance of feasibility analysis and getting close to customers. It’s an experience that has shaped his views about how important it is to learn from the potential users of your product.

In the early 1990s, Gross star...   Continue reading ››








EBay Drop-Off Stores: How Feasible Were They?

  9 months ago (Thu, Jul 20, 2023 at 11:08 AM)

Are you open to the idea of establishing a drop-off store, where individuals can bring their items to be sold and you would handle the selling process while earning a commission from each sale made? You can sell the items in a physical store or through an online marketplace.

NB: There are people who want to sell their items but don't want to deal with the hassle of setting up an e-commerce account, listing their items, and following the auction.

eBay Drop-Off Stores: How Feasible Were They?

Sounds like a good idea. You’re replacing your laptop comp...   Continue reading ››








ScriptPad: Interesting Idea—But Will Doctors and Pharmacies Sign On?

  9 months ago (Fri, Jul 14, 2023 at 03:24 PM)

To ScriptPad founder and CEO Shane Taylor, the problem his company solves is personal. Taylor’s father, who is fighting both heart disease and cancer, takes 26 different medications to fight his illnesses. Any mix-up or error associated with taking his medications could cause Taylor’s father severe health complications or even his life. A related complication associated with taking multiple medications is finding it necessary to essentially start over every time a person sees a new specialist. The specialist will want a list of the medications that are currently being taken. If the patient...   Continue reading ››








Want Help Fine-Tuning a Business Idea? Find a Mentor

  9 months ago (Mon, Jul 10, 2023 at 03:06 PM)

Fine-tuning a business idea isn’t easy. While fairly course-grained ideas are rather easy to develop, like creating a cell-phone that’s designed specifically for elderly people, fleshing out the details is where experience helps. This reality puts first-time entrepreneurs at a disadvantage. While there are many books and Web sites about new business ideas, what many first-time entrepreneurs find most helpful in the idea generation and perfecting stage is to find a mentor to guide them through the process.

A mentor is someone who is more experienced than you and ...   Continue reading ››








Clearly Canadian: What Happens When You Don’t Deliver on Your Promises

  9 months ago (Mon, Jul 10, 2023 at 02:50 PM)

If a new product or service seems like the perfect option to solve a problem or capitalize on an environmental trend, but its customers find out it can’t deliver on its promises, they will quickly jump ship. This is what happened to Clearly Canadian, one of the first bottled drinks to position itself in the new-age or wellness category.

Clearly Canadian introduced a line of fruit-flavored bottled water in the early 1990s. Its efforts were clearly an attempt to jump on an environmental trend—an increased interest in wellness. It positioned its drinks as a healthy alternative to soft drin...   Continue reading ››








Solving the Same Problem in Different Ways

  9 months ago (Thu, Jul 06, 2023 at 04:52 PM)

When trying to solve a problem, one thing to be mindful of is that there is typically more than one way to tackle it. A vivid example of this is the problem that hospitals and clinics have with healthcare–associated infections. About 1.7 million people each year contract healthcare–associated infections. These are infections that patients acquire during the course of receiving treatment. You might be surprised to learn that healthcare–associated infections are the most common complication of hospital care and are one of the 10 leading causes of death in the United States. According to a ...   Continue reading ››








Working Together: How Biotech Firms and Large Drug Companies Bring Pharmaceutical Products to Market

  9 months ago (Fri, Jun 30, 2023 at 03:10 PM)

Large firms and smaller entrepreneurial firms play different roles in business and society and can often produce the best results by partnering with each other rather than acting as adversaries. The pharmaceutical industry is an excellent example of how this works.

It is well-known that barriers to entry in the pharmaceutical industry are high. The average new product takes between 10 and 15 years from discovery to commercial sale. The process of discovering, testing, obtaining approval, manufacturing, and marketing a new drug is long and expensive. How, th...   Continue reading ››








PatientsLikeMe: Allowing People with Serious Diseases to Connect with One Another and Exchange Support and Advice

  10 months ago (Thu, Jun 22, 2023 at 09:57 AM)

PatientsLikeMe: Allowing People with Serious Diseases to Connect with One Another and Exchange Support and Advice

Web: www.patientslikeme.com

Jamie and his brother Ben took an additional step and launched PatientsLikeMe, a Web-based company that allows people with life-changing diseases to converse with one another, share their experiences, and learn techniques from each other that help them better cope with their diseases.

Since its launch, PatientsLikeMe has achieved remarkable success. Ov...   Continue reading ››








The Classic Entrepreneurial Story

  10 months ago (Mon, Jun 19, 2023 at 07:48 PM)

Web: www.giftzip.com

It all started in a sustainable supply chain management class at Michigan State University. Sam Hogg, an MBA student, started thinking about the waste plastic gift cards create. The class challenged Hogg and his classmates to think about the path that a product travels from inception to disposal. Gift cards are made, sold, redeemed, and are then immediately discarded—a wasteful supply chain. In fact, according to Plenty, a leading sustainable periodical, about 75 million pounds of them go into landfills every year.

Largely as a result of his experi...   Continue reading ››








Business Idea: Produce durable and powerful LED lighting systems that significantly reduce electricity usage and reduce heat in digital video, live events, concerts, houses of worship, movie and television sets, and still photography.

  10 months ago (Wed, Jun 14, 2023 at 01:37 PM)

Company: Nila

Web: www.nila.com


Business Idea: Produce durable and powerful LED lighting systems that significantly reduce electricity usage and reduce heat in digital video, live events, concerts, houses of worship, movie and television sets, and still photography.

Pitch: An LED (light-emitting diode) is a solid-state semiconductor device that converts electricity into light. It consumes far less energy and has a substantially longer life span than traditional ligh...   Continue reading ››








How Companies and Organizations Build Credibility and Trust

  10 months ago (Thu, Jun 08, 2023 at 01:11 PM)

How Companies and Organizations Build Credibility and Trust

There are several ways companies and organizations can build credibility and trust. We present eight techniques that are essential in nearly all cases in the following list.

Technique 1. Have an attractive logo, corporate e-mail address, and professional-looking Web site. Prospective customers have a mental image of what real companies and organizations look like. If your logo, Web site, or e-mail address looks amateurish or suspect, the game is up. Always have a corporate .com or .org e-mail address. A Gmail or...   Continue reading ››








Three dimensions or lenses to study entrepreneurship

  10 months ago (Fri, Jun 02, 2023 at 05:24 PM)

Three dimensions or lenses are used to study entrepreneurship individuals, environments, and organizations. These are required to flesh out the arguments and examples. The interactions among individuals, environments, and organizations make each new venture unique and must be considered.


The Individual

The role that individuals play in entrepreneurship is undeniable. Each person’s psychological, sociological, and demographic characteristics contribute to or detract from his or her abilities to be an entrepreneur. Personal experience, knowledge, educa...   Continue reading ››








Opportunity Analysis

  10 months ago (Thu, Jun 01, 2023 at 04:53 PM)

According to the late management guru, Peter Drucker (who firmly believed that entrepreneurship could be taught), there are seven sources of opportunity to look for in the environment.

The Unexpected. When current businesses are surprised by an unanticipated event, they are often unable to adapt quickly enough to take advantage of that event. The event can be an unexpected success (good news) or an unexpected failure (bad news). For example, if war breaks out where it is unexpected, it changes the economics and demand structure of the warring parties and their populations. ...   Continue reading ››








Business Idea: Develop a hand sanitizer that a person applies once a day and which retains its potency for 24 hours.

  10 months ago (Wed, May 31, 2023 at 01:30 PM)

Company: Prefense

Web: www.prefense.com

Business Idea: Develop a hand sanitizer that a person applies once a day and which retains its potency for 24 hours.

Pitch: Every day people are exposed to germs and diseases that are invisible to the naked eye. Ideally, to combat this danger, people should wash their hands several times a day, or at the minimum use a hand sanitizer like Purell. The problem is that washing is a chore, and hand sanitizer isn’t always avail...   Continue reading ››








WHERE IS ENTREPRENEURSHIP?

  10 months ago (Mon, May 29, 2023 at 02:25 PM)

Two conditions must exist for entrepreneurship to flourish. First, there must be freedom—freedom to establish an economic venture, and freedom to be creative and innovative with that enterprise. Second, there must be prosperity—favorable economic conditions that give an entrepreneurial organization the opportunity to gain and grow.

Economic Growth and Freedom

Entrepreneurship is a global phenomenon. Therefore, it is vital that the prospective entrepreneur understand the relationship between the country in which the business will be l...   Continue reading ››








Business Idea: Launch a question-and-answer site on the Internet that encourages in-depth questions and answers and combines social networking with substantive questions and answers.

  11 months ago (Thu, May 25, 2023 at 10:33 AM)

Company: Quora

Web: www.quora. com

Twitter: quora

Business Idea: Launch a question-and-answer site on the Internet that encourages in-depth questions and answers and combines social networking with substantive questions and answers.

Pitch: There are a number of question-and-answer sites already on the Internet. Examples include Yahoo! Answers, ChaCha.com, and Ask.com. While helpful in some r...   Continue reading ››








Business Idea: Provide a user-friendly, affordable, and effective platform for authors to self-publish books, and obtain real-time feedback on the books they’re working on.

  11 months ago (Tue, May 16, 2023 at 02:06 PM)

Company: FastPencil

Web: www.fastpencil.com

Business Idea: Provide a user-friendly, affordable, and effective platform for authors to self-publish books, and obtain real-time feedback on the books they’re working on.

Pitch: Not long ago, the only way to publish a book was to pitch the book or a proposal for a book to a book agent or publisher, and hope that the book would be one of the few they’d accept. That’s no longer the case. FastPencil is a leader a...   Continue reading ››








Business Idea: Create a cell phone app that allows group messaging on any phone that can text—regardless of who makes the phone or what operating system it runs.

  11 months ago (Tue, May 16, 2023 at 01:33 PM)

Company: GroupMe

Web: www.groupme.com

Twitter: GroupMe

Facebook: GroupMe

Business Idea: Create a cell phone app that allows group messaging on any phone that can text—regardless of who makes the phone or what operating system it runs.

Pitch: Imagine you’re organizing a wedding. You need to provi...   Continue reading ››








Business Idea: Create a “virtually waterless” laundry machine that washes clothes and is quicker, uses less detergent, uses less water, and produces a smaller carbon footprint than conventional washing machines.

  11 months ago (Thu, May 11, 2023 at 12:09 PM)

Company: Xeros

Business Idea: Create a “virtually waterless” laundry machine that washes clothes and is quicker, uses less detergent, uses less water, and produces a smaller carbon footprint than conventional washing machines.

Pitch: Remember when you were a kid and you sat in front of a washing machine and watched the soaked clothes tumble through the suds? Although enjoyable for many, that experience may be a thing of the past. Researchers at Leeds University (located in the United Kingdom), which is home to one of the world’s mo...   Continue reading ››








Partnering for success

  11 months ago (Mon, May 08, 2023 at 12:21 PM)

Three Ts That Are Important for Becoming Active in an Industry: Trade Associations, Trade Shows, and Trade Journals

One thing that’s important for a start-up is to become active in the industry it’s entering. Activity leads to learning the ins and outs of an industry, finding business partners, and becoming recognized as an industry leader. Three important Ts that lead to industry activity are trade associations, trade shows, and trade journals. Start-ups should consider utilizing these Ts as a part of their early and ongoing activities.


Tr...   Continue reading ››








Business Idea: Administer injections using a needle-free injection system.

  11 months ago (Thu, May 04, 2023 at 03:36 PM)

Company: PharmaJet

Web: www.pharmajet.com

Business Idea: Administer injections using a needle-free injection system.

Pitch: Administering injections is an integral part of both preventative health care and the treatment of sickness and disease. Traditional injections use a needle to penetrate the patient’s skin and insert the vaccine or medicine. While this has been a staple practice in medicine for decades, it has drawbacks. Patients of all ages have a fear of ne...   Continue reading ››








Business Idea: Create a single place for music lovers to track or keep up with their favorite bands, so they’ll always know where and when the bands will be performing in their area.

  11 months ago (Tue, May 02, 2023 at 03:23 PM)

Business Idea: Create a single place for music lovers to track or keep up with their favorite bands, so they’ll always know where and when the bands will be performing in their area.

In addition, create an online platform for concert attendees to record memories of the concerts they’ve seen by sharing anecdotes, posting photos, and discussing the events with other people who were there.

Company: Songkick

Web: www.songkick.com

Pitch: Songkick’s founders ...   Continue reading ››








Business Idea: Create a Web-based service that helps parents protect their children's online reputation, privacy, and safety.

  11 months ago (Mon, May 01, 2023 at 11:41 AM)

Company: SafetyWeb

Web: SafetyWeb

Business Idea: Create a Web-based service that helps parents protect their children’s online reputation, privacy, and safety.

Pitch: Parents worry about their kids’ online activity. Cyberbullying, sexual predators stalking children, and the exchange of offensive language and photos are just a few of the online hazards to which children today are commonly exposed. Parents are also aware that their kids can post something onlin...   Continue reading ››








Business Idea: Provide patients access to prescription medications instantly after they’re prescribed by a doctor in a hospital emergency room or at an urgent care center.

  12 months ago (Fri, Apr 28, 2023 at 11:58 AM)

Company: InstyMeds

Web: InstyMeds

Business Idea: Provide patients access to prescription medications instantly after they’re prescribed by a doctor in a hospital emergency room or at an urgent care center. The prescriptions are dispensed via a vending machine that’s present in the facility.

Pitch: There are many rural areas without 24-hour pharmacies. This makes it difficult for people who visit an emergency room or an urgent care center la...   Continue reading ››








Business Idea: Deploy a network of self-service kiosks that enables shoppers to recycle unwanted electronic gear safely

  12 months ago (Thu, Apr 27, 2023 at 04:55 PM)

Company: ecoATM

Web: www.ecoatm.com

Business Idea: Deploy a network of self-service kiosks that enables shoppers to recycle unwanted electronic gear safely, starting with cell phones, and offering shoppers cash, gift cards, or the ability to donate the value of their cell phones to charity in exchange for the phone.

Pitch: The average household has five to six outdated cell phones tucked away, worth an estimated $12.2 billion in secondary markets or i...   Continue reading ››








Company: Windspire Energy

  12 months ago (Thu, Apr 27, 2023 at 03:19 PM)

Company: Windspire Energy

Web: www.windspireenergy.com

Business Idea: Manufacture an efficient, quiet, and sleek wind power turbine that both businesses and homeowners can use to harness the power of the wind to produce electricity.

Pitch: Although wind power is clean and increasingly cost-competitive, it is largely confined to large wind farms in rural areas. The primary obstacle to building windmills in more densely populated area...   Continue reading ››








CREATING A NEW-VENTURE TEAM

  12 months ago (Wed, Apr 26, 2023 at 10:22 AM)

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Those who launch or found an entrepreneurial venture have an important role to play in shaping the firm’s business concept. Stated even more directly, it is widely known that a well-conceived business plan cannot get off the ground unless a firm has the leaders and personnel to carry it out. As one expert put it, “People are the one factor in production . . . that animates all the others.” Often, several start-ups develop what is essentially the same idea at the same time. When this happens, the key to success is not the idea but rather the ability of the initial founder or founders to a...   Continue reading ››








Dell Inc.: How Its Business Model Sweetens Its Financial Statements

  12 months ago (Tue, Apr 25, 2023 at 04:17 PM)

Introduction

There are many reasons that Dell Inc. has been successful over the years. Two of the most compelling reasons are its direct sales model and its ultra-efficient global supply chain. While a start-up can’t quickly emulate what Dell has done, there are lessons to be learned from Dell’s experiences that any start-up can benefit from. Historically at least, Dell’s approach to business made it the preferred computer brand for many businesses and consumers. Additionally, the business approach has sweetened Dell’s financial statements and its a...   Continue reading ››








The Process of Financial Management

  12 months ago (Thu, Apr 20, 2023 at 11:38 AM)

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To assess whether its financial objectives are being met, firms rely heavily on analyses of financial statements, forecasts, and budgets. A financial statement is a written report that quantitatively describes a firm’s financial health. The income statement, the balance sheet, and the statement of cash flows are the financial statements entrepreneurs use most commonly. Forecasts are an estimate of a firm’s future income and expenses, based on its past performance, its current circumstances, and its future plans. New ventures typically base their forecasts ...   Continue reading ››








The four main financial objectives of entrepreneurial Firms

  12 months ago (Tue, Apr 18, 2023 at 04:15 PM)

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Most entrepreneurial firms—whether they have been in business for several years or they are start-ups—have four main financial objectives: profitability, liquidity, efficiency, and stability. Understanding these objectives sets a firm on the right financial track.

Profitability is the ability to earn a profit. Many start-ups are not profitable during their first one to three years while they are training employees and building their brands, but a firm must become profitable to remain viable and provide a return to its owners.

Liquidity  Continue reading ››








Discuss the differences among sole proprietorships, partnerships, corporations, and limited liability companies.

  12 months ago (Tue, Apr 11, 2023 at 12:59 PM)

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When a business is launched, a form of legal entity must be chosen. Sole proprietorship, partnerships, corporations, and limited liability companies are the most common legal entities from which entrepreneurs make a choice. Choosing a legal entity is not a one-time event. As a business grows and matures, it is necessary to periodically review whether the current form of business organization remains appropriate. In most cases, a firm’s form of business entity can be changed without triggering adverse tax implications.

There is no single form of business organization that ...   Continue reading ››








Avoiding Legal Disputes

  12 months ago (Thu, Apr 06, 2023 at 12:40 PM)

Most legal disputes are the result of misunderstandings, sloppiness, or a simple lack of knowledge of the law. Getting bogged down in legal disputes is something that an entrepreneur should work hard to avoid. It is important early in the life of a new business to establish practices and procedures to help avoid legal disputes. Legal snafus, particularly if they are coupled with management mistakes, can be extremely damaging to a new firm.

There are several steps entrepreneurs can take to avoid legal disputes and complications, as discussed next.

 Continue reading ››








Drafting a Founders’ Agreement

  12 months ago (Thu, Apr 06, 2023 at 11:57 AM)

It is important to ensure that founders are in agreement regarding their interests in the venture and their commitment to its future. It is easy for a team of entrepreneurs to get caught up in the excitement of launching a venture and fail to put in writing their initial agreements regarding the ownership of the firm. A founders’ agreement (or shareholders’ agreement) is a written document that deals with issues such as the relative split of the equity among the founders of the firm, how individual founders will be compensated for the cash or the “sweat equity” they pu...   Continue reading ››








Choosing an Attorney for a Firm

  12 months ago (Thu, Apr 06, 2023 at 11:20 AM)

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It is important for an entrepreneur to select an attorney as early as possible when developing a business venture. Selecting an attorney was instrumental in helping XploSafe, the company profiled in the opening feature, establish a firm legal foundation. The table below provides guidelines to consider when selecting an attorney. It is critically important that the attorney be familiar with start-up issues and that he or she has successfully shepherded entrepreneurs through the start-up process before. It is not wise to select an attorney just because she is a friend or because you were pleased...   Continue reading ››








Google’s Code Of Conduct

  12 months ago (Thu, Mar 30, 2023 at 12:00 PM)

1. Serve Our Users

1. Integrity

2. Usefulness

3. Privacy and Freedom of Expression

4. Responsiveness

5. Take Action


2. Respect Each Other

1. Equal Opportunity Employment

2. Positive Environment

3. Drugs and Alcohol

4. Safe Workplace

5. Dog Policy


3. Avoid Conflicts of Interest

1. Personal Investments

2. Outside Employment and Inventions

3. Outside Board Membership

4. Business Opportunities

5. Friends and Relatives; Co-Worker Relationships

6. Gifts, Entertainment, and Payments

7. Repo...   Continue reading ››








Establishing a Strong Ethical Culture for a Firm

  12 months ago (Thu, Mar 30, 2023 at 11:47 AM)

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One of the most important things the founders of an entrepreneurial venture can do is establish a strong ethical culture for their firms. The data regarding business ethics are both encouraging and discouraging. The most recent version of the National Business Ethics Survey was published in 2009. This survey is the only longitudinal study that tracks the experiences of employees within organizations regarding business ethics. According to the survey, 49 percent of the 2,852 employees surveyed reported that they had observed misconduct or unethical behavior in the past year.

Of the employees...   Continue reading ››








Zipcar: A Business Model Innovator That’s Changing the Way People Think About Cars

  1 year ago (Thu, Mar 23, 2023 at 03:39 PM)

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Zipcar: A Business Model Innovator That’s Changing the Way People Think About Cars

Web: www.zipcar.com

Introduction

Zipcar is a car-sharing service that Cambridge, Massachusetts, residents Robin Chase and Antje Danielson launched in 2000. Scott Griffith, a former Boeing engineer, now leads the firm. Although Zipcar didn’t pioneer the idea of car sharing—it first emerged in Europe—it is the largest car-sharing company and is changing the way people think about car ownership in urban areas. Fr...   Continue reading ››








Airbnb: How Listening to Customers and Iterating the Business Model Helped Shape and Mold a Successful Start-up

  1 year ago (Thu, Mar 23, 2023 at 11:19 AM)

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Airbnb: How Listening to Customers and Iterating the Business Model Helped Shape and Mold a Successful Start-up

Web: www.airbnb.com

Introduction

It all started because two aspiring designers needed money to pay their rent. It was October 2007, and Brian Chesky and Joe Gebbia were sharing an apartment in San Francisco. There was an international design conference coming to town. The two noticed that on the conference’s Web site, all the hotels that were listed were sold out. The thought occurred to...   Continue reading ››








Components of an effective business model

  1 year ago (Tue, Mar 14, 2023 at 06:52 PM)

1. Core strategy (how a firm competes)

2. Strategic resources (how a firm acquires and uses its resources)

3. Partnership network (how a firm structures and nurtures its partnerships)

4. Customer interface (how a firm interfaces with its customers)


1. Core Strategy

The first component of a business model is the core strategy, which describes how a firm competes relative to its competitors. The primary elements of a core strategy are the firm’s mission statement, the ...   Continue reading ››








Six distinct ways of making money online

  1 year ago (Tue, Mar 14, 2023 at 03:33 PM)

Six distinct ways of making money online (the way an online company makes money largely defines its business model)

1. Affiliate programs

An affiliate program is a way for online merchants, like 1-800-FLOWERS, to get more exposure by offering a commission to Web sites and blogs that are willing to feature ads for their products or services. The merchant pays the affiliate a small commission every time someone clicks on the ads and buys one of its products.

2. Pay-per-click programs

A Web site or blog allows an advertiser’s link t...   Continue reading ››








NEVER OUTSHINE THE MASTER

  1 year ago (Sat, Mar 11, 2023 at 03:56 AM)

Everyone has insecurities. When you show yourself in the world and display your talents, you naturally stir up all kinds of resentment, envy, and other manifestations of insecurity. This is to be expected. You cannot spend your life worrying about the petty feelings of others. With those above you, however, you must take a different approach: When it comes to power, outshining the master is perhaps the worst mistake of all.

This Law involves two rules that you must realize. First, you can inadvertently outshine a master simply by being yourself. There are masters who are mo...   Continue reading ››








Just do it!

  1 year ago (Wed, Mar 08, 2023 at 05:24 PM)

"Many of life’s failures are people who did not realize how close they were to success when they gave up." T. Edison

The great news for any person who wants to manage themselves is that they can take any of the different elements of emotional intelligence and improve on it. Furthermore, you can be confident that when your emotional intelligence is elevated, so is the quality of your life. The perplexing question is; why do so few people make these changes?

I have looked for the reason why some people will make the effort to change, while others will not. And why will s...   Continue reading ››








Moving from pessimism to optimism

  1 year ago (Wed, Mar 08, 2023 at 03:06 PM)

When you experience the pessimistic thinking identified by Seligman, it is possible to challenge it. By asking questions and giving honest answers, a more constructive mindset can be created. Read through the questions that you can ask at a time of adversity.


Adversity

◆ Will this situation last for the rest of my life?

◆ Can I name another person where this situation lasted for the WHOLE of their life?

◆ Does this situation HAVE to touch EVERY aspect of my life?

◆ Could I name one aspect of my life that is not touched by the adverse situation?

◆ ...   Continue reading ››








Managing your emotions

  1 year ago (Wed, Mar 08, 2023 at 01:18 PM)

To manage your emotions you must combine two important elements of emotional intelligence. First you need to have an awareness of your emotions and what triggers them. Once this has been done, you can begin to take alternative actions where it is needed.

For each of the emotions in the table below complete each column. Here are some pointers to help you do this.

◆ In column two briefly note how you experience that emotion – ask yourself what physical sensations do you experience? Where in your body do you feel them? How is your breathing/thinking affected?

◆ In the third column ...   Continue reading ››








Please release me

  1 year ago (Tue, Feb 28, 2023 at 09:34 PM)

When unsuitable or unpleasant emotions arise, they are likely to adversely affect the quality of our lives. They cause us to feel bad. They may well weaken us physically and leave us susceptible to illness. They will often impair our decision making and responses. When unwanted emotions occur there are three common responses – suppress, express or exit.

In many situations, a person may have a strong emotional reaction. One way they try and deal with it is via suppression. They attempt to push the feeling deeper inside themselves. There is...   Continue reading ››








Optimism and pessimism

  1 year ago (Thu, Feb 23, 2023 at 04:20 PM)

The emotional management quality that focuses upon optimism and pessimism has been extensively researched. The results follow a consistent pattern and show that in all areas that contributed to a better quality of life it is better to be optimistic.

In a five year study of insurance sales staff it was shown that people with a more optimistic explanatory style sold substantially more policies and stayed in their jobs longer than pessimists. The optimistic sales people outsold pessimists by 88 percent. The pessimists were three times more likely to quit. Furthermore, a two year study of estat...   Continue reading ››








COMPETITOR ANALYSIS

  1 year ago (Thu, Feb 16, 2023 at 04:51 PM)

After a firm has gained an understanding of the industry and the target market in which it plans to compete, the next step is to complete a competitor analysis. A competitor analysis is a detailed analysis of a firm’s competition. It helps a firm understand the positions of its major competitors and the opportunities that are available to obtain a competitive advantage in one or more areas.

Identifying Competitors

The first step in a competitive analysis is to determine who the competition is. This is more difficult than one might think. For example, take a company suc...   Continue reading ››








Stand on its head

  1 year ago (Thu, Feb 16, 2023 at 03:26 PM)

Stand on its head

There are some simple ways of loosening things up and encouraging creativity. One is to challenge assumptions. Sometimes the assumptions we hold are the barriers to us finding solutions.

Take a few minutes and apply the following technique to an issue in your life. By doing so you challenge the status quo. If your current approach withstands the detailed scrutiny you may be confident that it has some validity. If it is undermined then it may be time to do something else.

(a) Clearly state your challenge or problem.

(b) Make a list of your assumpt...   Continue reading ››








Habit breakers

  1 year ago (Thu, Feb 16, 2023 at 03:15 PM)

Habit breakers

To improve the quality of your life may require you to do new things in new ways. These changes become easier if you are creative.

So much of our life is set in habitual routines. If you observe yourself or other people you will see this is true. We like to read certain newspapers, put on our clothes in a certain order, take preferred routes to our destinations and work in certain ways. Often these may be very efficient. We can do them with little effort. However, sometimes better alternatives exist. The challenge is to check out our habits and keep the on...   Continue reading ››








Four stage model of creativity

  1 year ago (Tue, Feb 14, 2023 at 04:44 PM)

Four stage model of creativity

Stage I: Preparation

Immersing oneself in the problem. The primary activity here is to precisely define the problem. Once this has been done there is the need to gather a broad range of data and information. During this stage, there can be frustration as there are many possibilities and few insights.

Stage II: Incubation

The information and possibilities collected in Stage I are now allowed to stay in the subconscious mind. The brain can play with this information. It can make new connections and gene...   Continue reading ››








The heart of social skills: integrity

  1 year ago (Tue, Feb 14, 2023 at 03:58 PM)

The heart of social skills: integrity

Professor David Kolb, a leading expert on learning models and Chairman of Organizational Behaviour at Case Western University, described integrity as the highest form of human intelligence. He believes that it is a deep state of consciousness. It pulls together creativity, intuition and rational capacities.

Core characteristics of integrity

There are three central elements to personal integrity. When they are combined and people act in this way then there is a sense of integrity.

1 Discernment....   Continue reading ››








Practice intuitions

  1 year ago (Sun, Feb 12, 2023 at 10:29 AM)

Practice intuitions

The next exercises are all designed to open up your mind to your intuitions. Some of you will already be doing these things. If you are not, just try them. With time you will achieve unconscious competence in letting intuitions play a role.

1. Ask yourself intuitions questions

We are used to asking ourselves analytical and rational questions. It is also possible to ask our intuitive self clear questions. Typical questions would be, ‘How do I feel about this challenge?’, or ‘What is my hunch about this option?’. A willingnes...   Continue reading ››








The role of silence

  1 year ago (Sun, Feb 12, 2023 at 09:47 AM)

The role of silence

One of the most valuable things in life is silence. The levels and numbers of sounds are constantly on the increase. There is excellent scientific evidence to show that meditation in an environment of silence leads to people being psychologically happier and physically healthier. As our conscious mind gets distracted by external noises we may fail to notice our internal messages (or intuitions). By consciously seeking silence we open ourselves up to our intuitions.

Time out and silence

Many people find it very diff...   Continue reading ››








Industry Types and the Opportunities They Offer

  1 year ago (Thu, Feb 09, 2023 at 04:20 PM)

It is helpful for a new venture to study industry types to determine the opportunities they offer. The five most prevalent industry types are emerging industries, fragmented industries, mature industries, declining industries, and global industries.

1. Emerging Industries

An emerging industry is a new industry in which standard operating procedures have yet to be developed. The firm that pioneers or takes the leadership of an emerging industry often captures a first-mover advantage. A first-mover advantage is a sometimes insurmountable advantage gained by the first compa...   Continue reading ››








Empathy

  1 year ago (Wed, Feb 08, 2023 at 05:19 PM)

A very important component of emotional intelligence is empathy. This is the ability to understand the feelings of others. It is the ability to recognize the concerns of other people. The empathic person is also able to accept the perspective of others. There is value in differentiating between sympathy and empathy as they are sometimes confused. When you feel sympathy you experience what the other person is experiencing. This may be pleasant when the other person is happy, but not so nice when they are distressed. When you feel empathy you understand another’s feelings but you do not direct...   Continue reading ››








The Yale experience regarding GOAL setting

  1 year ago (Wed, Feb 08, 2023 at 03:49 PM)

One of the most fascinating anecdotal examples of goal setting concerns Yale University and it is described in many personal development books. Robin Sieger provides one of the clearest descriptions of what happened. He tells us that in the 1950s a questionnaire was sent to 1,500 Yale students. It asked them a wide range of questions. The last two questions were: ‘Do you have an ambition for your life?’ and ‘Have you written it down?’ Then, 25 years later a postgraduate student decided to revisit this survey. He found that 75 percent of students had an ambition for life. However, only ...   Continue reading ››








Some excellent ways to increase your self-awareness

  1 year ago (Thu, Feb 02, 2023 at 05:40 PM)

1. Personal diaries

An excellent way to increase your self-awareness is to keep a diary. In it make a daily note of the important things that happen. Be honest and open with yourself. Be willing to reflect upon your beliefs, thoughts and feelings. Also note how these relate to other people around you.

You need only spend 5–10 minutes a day on this activity. Perhaps you may allocate an hour every 2 or 3 months to read it in its entirety. While doing this you may detect patterns emerging. Many you will wish to keep. Others will be seen as barriers to greater happiness an...   Continue reading ››








How does your mind work?

  1 year ago (Thu, Feb 02, 2023 at 12:56 PM)

Image name: How_our_mind_works.PNG Image size: 49.18 KB  Download.

The diagram above illustrates the relationship between the important elements of how your mind works.

Let’s take a little time to unpick the ideas behind this.

Thoughts

Take a couple of minutes to reflect upon the following questions:

◆ What thoughts do you have when something goes wrong in your life?

◆ What thoughts do you have when something pleasurable happens?

◆ What thoughts do you have when learning something new?

The thoughts that you have in response to these and other situations are sometimes called ‘self-talk’. Differ...   Continue reading ››








OUTLINE OF THE BUSINESS PLAN

  1 year ago (Wed, Feb 01, 2023 at 04:04 PM)

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Most business plans do not include all the elements but we include them here for the purpose of completeness.

1. Cover Page and Table of Contents The cover page should include the company’s name, address, phone number, the date, the contact information for the lead entrepreneur, and the company’s Web site address if it has one. The company’s Facebook page and Twitter name can also be included. The contact information should include a land-based phone number, an e-mail address, and a cell phone number. This information should be centered at the top of the page. Because...   Continue reading ››








Types of Business Plans

  1 year ago (Wed, Feb 01, 2023 at 10:33 AM)

The three types of business plans are as follows:

1. Summary plan: A summary business plan is 10 to 15 pages and works best for companies that are very early in their development and are not prepared to write a full plan. The authors may be asking for funding to conduct the analysis needed to write a full plan. Ironically, summary business plans are also used by very experienced entrepreneurs who may be thinking about a new venture but don’t want to take the time to write a full business plan. For example, if someone such as Mark Pincus, the founder and CEO of Zynga, was ...   Continue reading ››








Two Primary Reasons for Writing a Business Plan

  1 year ago (Tue, Jan 31, 2023 at 12:41 PM)

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The two primary reasons to write a business plan as shown in the figure are:

First, writing a business plan forces a firm’s founders to systematically think through each aspect of their new venture. This is not a trivial effort—it usually takes several days or weeks to complete a well-developed business plan—and the founders will usually meet regularly to work on the plan during this period. An example of how much work is sometimes involved, and how a well-planned new business unfolds, is provided by Gwen Whiting and Lindsey Wieber, the cofounders of The Laundress, a company that sell...   Continue reading ››








Sleep Conditioning

  1 year ago (Sun, Jan 29, 2023 at 02:26 PM)

Go to sleep at night thinking thoughts of great wealth, perfect health, wonderful relationships or astounding success depending on your specific desire. Dwelling on any of these positive subjects while going to sleep will not only attract more of what you are dwelling on to you but in many cases will also help you to get to sleep easier. Most people who suffer from insomnia do so because when they go to bed at night their minds are randomly thinking of everything that happened throughout their day, everything they have to do the next day as well as many other things. It can be difficult to sle...   Continue reading ››








Choices

  1 year ago (Sun, Jan 29, 2023 at 01:53 PM)

Every thought you have is a choice. You can make a conscious choice to have faith or fear. To draw abundance to you or negativity.

• Faith is the expectation of something good that will happen.

• Fear is the expectation of something bad that will happen.

Faith - “Faith is the substance of things hoped for, the evidence of things not seen.” (Hebrews 11: 1 KJV)

How do you build faith? Faith is built through repetition. By doing things over and over continually you are building faith.

In school you had faith that you would learn a certain lesson or subject. Through repetiti...   Continue reading ››








Happiness begins at home.

  1 year ago (Sun, Jan 29, 2023 at 01:26 PM)

Happiness begins at home. For most people, with the exception of work, home is where you spend most of your time. What are you surrounding yourself with? Is your home environment one that promotes and raises your vibrations or is it one that does the opposite?

Having a home that you are happy with will help you to be happier, raising your vibrations. What goes through your mind when you’re at home? Are you thinking about the many unfinished projects? Are there broken things that you have been wanting to fix but haven’t got around to them? Maybe a broken window, a door that doesn’t clo...   Continue reading ››








Maintaining positive thoughts

  1 year ago (Sat, Jan 28, 2023 at 10:17 PM)

• E. G. S. Emotional Guidance System - Your inner guide

It is said that the average human being has approximately 64,000 thoughts per day. Protecting all of your thoughts 24 hours a day can be a full-time job. There is a better way to gauge how you are doing and that is through your feelings. We call it your E.G.S., which stands for Emotional Guidance System. If you’re feeling positive and happy, then you are on the right track. Your feelings are the best gauge of the thoughts you are keeping. Are you feeling good, excited, happy or are you sad, angry or disgusted?

• Law of Vibrati...   Continue reading ››








Universal laws

  1 year ago (Sat, Jan 28, 2023 at 05:29 PM)

As you will see there are many other Universal Laws that work hand in hand with the Law of Attraction. You will become familiar and utilize many of them throughout these exercises. Here are a list of some of them with brief descriptions on each.

1. The law of Attraction

Whatever you place your energy, focus and attention on, you attract to you. The universe will always give you more of what you focus on whether it be riches or misery, sickness or health. You have a choice to use the Law of Attraction to deliberately create what you want or to let it happen by default. Either way it is al...   Continue reading ››








Geography of Islam

  1 year ago (Thu, Jan 26, 2023 at 01:11 PM)

Islam is a world religion, by which we usually mean that it is found in most major places and among most peoples throughout the world. Like other world religions, Islam has its own particular geography. When we speak of the geography of a world religion like Islam, we often mean two things. First, we mean, where do we find the religion’s followers? Where did the religion start, and how has it spread? These are historical and physical questions. Second, we mean, how is the world divided on the spiritual map of the religion’s believers? What land is sacred and what is not? These are question...   Continue reading ››








Financial Feasibility Analysis

  1 year ago (Thu, Jan 26, 2023 at 11:41 AM)

Financial feasibility analysis is the final component of a comprehensive feasibility analysis. For feasibility analysis, a preliminary financial assessment is usually sufficient; indeed, additional rigor at this point is typically not required because the specifics of the business will inevitably evolve making it impractical to spend a lot of time early on preparing detailed financial forecasts.

The most important issues to consider at this stage are total start-up cash needed, financial performance of similar businesses, and the overall financial attractiveness of the proposed venture.

...   Continue reading ››








Organizational Feasibility Analysis

  1 year ago (Thu, Jan 26, 2023 at 10:33 AM)

Organizational feasibility analysis is conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business. There are two primary issues to consider in this area: management prowess and resource sufficiency.

1. Management Prowess

A proposed business should evaluate the prowess, or ability, of its initial management team, whether it is a sole entrepreneur or a larger group. This task requires the individuals starting the firm to be honest and candid in their self-assessments. Two of the most i...   Continue reading ››








Industry/Target Market Feasibility Analysis

  1 year ago (Tue, Jan 24, 2023 at 04:26 PM)

Industry/target market feasibility is an assessment of the overall appeal of the industry and the target market for the product or service being proposed. There is a distinct difference between a firm’s industry and its target market, which should be clearly understood. An industry is a group of firms producing a similar product or service, such as computers, children’s toys, airplanes, or social networks. A firm’s target market is the limited portion of the industry that it goes after or to which it wants to appeal. Most firms and certainly entrepreneurial start-ups typically do not try...   Continue reading ››








Product/Service Feasibility Analysis

  1 year ago (Tue, Jan 24, 2023 at 02:58 PM)

One of the best things prospective entrepreneurs can do, throughout the feasibility analysis process, is get out and talk to prospective customers about their product ideas. Surveys, designed properly, can be an effective way of gathering information.

Product/service feasibility analysis is an assessment of the overall appeal of the product or service being proposed. Although there are many important things to consider when launching a new venture, nothing else matters if the product or service itself doesn’t sell. There are two components to product/service feasibility analysis: product/...   Continue reading ››








Feasibility Analysis

  1 year ago (Tue, Jan 24, 2023 at 01:12 PM)

Image name: Feasibility_Analysis.PNG Image size: 11.85 KB  Download.

Feasibility analysis is the process of determining if a business idea is viable. The most effective businesses emerge from a process that includes (1) recognizing a business idea, (2) testing the feasibility of the idea, (3) writing a business plan, and (4) launching the business. If a business idea falls short on one or more of the four components of feasibility analysis, it should be dropped or rethought. Many entrepreneurs make the mistake of identifying a business idea and then jumping directly to writing a business plan to describe and gain support for the idea. This sequence often omits ...   Continue reading ››














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