Category: Business Goals/Programs

How The Power Of Predictive Analytics Can Transform Business

Business Assistance/Consultant, Business Connection/Interaction, Business Goals/Programs, Business Leadership/Strategies, Business Planning/Strategies

Tableau analytics visual

With the acceleration of digital transformation in business, most CTOs, CIOs, and even middle management or analysts are now asking, “What’s next with data?” and what ongoing role will technology play in both digital and data transformations. Other questions that keep these individuals up at night include:

  • How can people throughout all organizational levels be more empowered to use data and help others make better decisions?
  • What prevents people from more deeply exploring and using data?
  • In what ways can analytics tools and methods help more people use data in the daily routine of business—asking questions, exploring hypotheses, and testing ideas?

With this in mind, plus observations and discussions with many Tableau customers and partners, it seems that today’s circumstances, behaviors, and needs make it the right time for predictive data analytics to help businesses and their people solve problems effectively.

Current realities and barriers to scale smarter decision-making with AI 

With growing, diverse data sets being collected, the analytics use cases to transform data into valuable insights are growing just as fast. Today, a wide range of tools and focused teams specialize in uncovering data insights to inform decision-making, but where organizations struggle is striking the right balance between activating highly technical data experts and business teams with deep domain experience.

Until now, using artificial intelligence (AI), machine learning (ML), and other statistical methods to solve business problems was mostly the domain of data scientists. Many organizations have small data science teams focused on specific, mission-critical, and highly scalable problems, but those teams usually have a long project list to handle.

At the same time though, there are a large number of business decisions that rely on experience, knowledge, and data—and that would greatly benefit from applying more advanced analysis techniques. People with domain knowledge and proximity to the business data could benefit greatly, if they had access to these techniques.

Instead, there’s currently a back-and-forth process of relying on data scientists and ML practitioners to build and deploy custom models—a cycle that lacks agility and the ability to iterate quickly. By the end, the data that the model was trained on could be stale and the process starts again. But organizations depend on business users to make key decisions daily that don’t rise to the priority level of their central data science team.

The opportunity to solve data science challenges

This is where there’s an opportunity to democratize data science capabilities, minimizing the trade-offs between extreme precision and control versus the time to insight—and the ability to take action on these insights. If we can give people tools or enhanced features to better apply predictive analytics techniques to business problems, data scientists can gain time back to focus on more complex problems. With this approach, business leaders can enable more teams to make data-driven decisions while continuing to keep up with the pace of business. Additional benefits gained from democratizing data science in this way include:

  • Reducing data exploration and prep work
  • Empowering analyst experts to deliver data science outputs at lower costs
  • Increasing the likelihood of producing successful models with more exploration of use cases by domain experts
  • Extending, automating, and accelerating analysis for business groups and domain experts
  • Reducing time and costs spent on deploying and integrating models
  • Promoting responsible use of data and AI with improved transparency and receiving guidance on how to minimize or address bias

Business scenarios that benefit from predictive analytics 

There are several business scenarios where predictive capabilities can be immensely useful.

Sales and marketing departments can apply it to lead scoring, opportunity scoring, predicting time to close, and many other CRM-related cases. Manufacturers and retailers can use it to help with supply chain distribution and optimization, forecasting consumer demand, and exploring adding new products to their mix. Human resources can use it to assess the likelihood of candidates accepting an offer, and how they can adjust salary and benefits to meet a candidate’s values. And companies can use it to explore office space options and costs. These are just a few of the potential scenarios.

A solution to consider: Tableau Business Science

We are only at the beginning of exploring what predictive capabilities in the hands of people closely aligned with the business will unlock. AI and ML will continue to advance. More organizations, in a similar focus as Tableau, will also keep looking for techniques that can help people closest to the business see, understand, and use data in new ways to ask and answer questions, uncover insights, solve problems, and take action.

This spring Tableau introduced a new class of AI-powered analytics that gives predictive capabilities to people who are close to the business. In this next stage of expanded data exploration and use, we hope business leaders embrace data to help others make better decisions, and to provide transparent insight into the factors influencing those decisions.

When people can think with their data—when analysis is more about asking and answering questions than learning complex software or skills—that’s when human potential will be unleashed, leading to amazing outcomes. Learn more about Tableau Business Science, what this technology gives business teams, and the value it delivers to existing workflows.

Olivia Nix

Olivia Nix

Olivia Nix is a Senior Manager of Product Marketing at Tableau. She leads a team focused on the use of AI and ML in analytics and engagement, including how to use technology to enable more people in organizations to make data-driven decisions. Olivia has been at Tableau for four years where she has worked closely with development teams on new product launches. Prior to Tableau, Olivia worked as an analyst at the Pew Center on Global Climate Change (now C2ES) and Johnson Controls. She has her MBA from the UCLA Anderson School of Management.

Source: How The Power Of Predictive Analytics Can Transform Business

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Critics:

Predictive analytics encompasses a variety of statistical techniques from data mining, predictive modelling, and machine learning that analyze current and historical facts to make predictions about future or otherwise unknown events.

In business, predictive models exploit patterns found in historical and transactional data to identify risks and opportunities. Models capture relationships among many factors to allow assessment of risk or potential associated with a particular set of conditions, guiding decision-making for candidate transactions.

The defining functional effect of these technical approaches is that predictive analytics provides a predictive score (probability) for each individual (customer, employee, healthcare patient, product SKU, vehicle, component, machine, or other organizational unit) in order to determine, inform, or influence organizational processes that pertain across large numbers of individuals, such as in marketing, credit risk assessment, fraud detection, manufacturing, healthcare, and government operations including law enforcement.

Predictive analytics is used in actuarial science,marketing,business management, sports/fantasy sports, insurance,policing, telecommunications,retail, travel, mobility, healthcare, child protection, pharmaceuticals,capacity planning, social networking and other fields.

One of the best-known applications is credit scoring,[1] which is used throughout business management. Scoring models process a customer’s credit history, loan application, customer data, etc., in order to rank-order individuals by their likelihood of making future credit payments on time.

Predictive analytics is an area of statistics that deals with extracting information from data and using it to predict trends and behavior patterns. The enhancement of predictive web analytics calculates statistical probabilities of future events online. Predictive analytics statistical techniques include data modeling, machine learning, AI, deep learning algorithms and data mining.Often the unknown event of interest is in the future, but predictive analytics can be applied to any type of unknown whether it be in the past, present or future.

For example, identifying suspects after a crime has been committed, or credit card fraud as it occurs.The core of predictive analytics relies on capturing relationships between explanatory variables and the predicted variables from past occurrences, and exploiting them to predict the unknown outcome. It is important to note, however, that the accuracy and usability of results will depend greatly on the level of data analysis and the quality of assumptions.

Predictive analytics is often defined as predicting at a more detailed level of granularity, i.e., generating predictive scores (probabilities) for each individual organizational element. This distinguishes it from forecasting. For example, “Predictive analytics—Technology that learns from experience (data) to predict the future behavior of individuals in order to drive better decisions.”In future industrial systems, the value of predictive analytics will be to predict and prevent potential issues to achieve near-zero break-down and further be integrated into prescriptive analytics for decision optimization.

See also

3 Ways to Get Minority-Led Small Businesses Back to Business

Business Goals/Programs, Business Planning/Strategies

3 Ways to Get Minority-Led Small Businesses Back to Business

If the pandemic deepened the challenges of dealing with long-felt issues among business owners of color, the recovery is putting them in focus. Access to capital and racial inequity in America continue to weigh on underrepresented small-business owners.

That was the key takeaway from a recent virtual briefing dubbed “Back to Business: Restarting Main Street in the Wake of Covid-19,” which was hosted by Reimagine Main Street, a project founded last year to lead small businesses toward an inclusive economic recovery. The discussion convened business leaders and officials, who offered their own ideas for how to resolve these longstanding issues so that minority-led businesses can get back to business.

Here are their top three tips:

1. Help people get vaccinated.

As the pandemic fueled much of the recent difficulty hitting underrepresented business owners and entrepreneurs, a good first step is to do all you can to overcome the pandemic, which can be achieved by helping people get vaccinated. “You can’t get the economy back on track without beating Covid,” says Cedric Richmond, a senior adviser to President Biden. Specifically, he suggests offering vaccine incentives to employees, customers, and the communities you serve.

He proposes offering paid time off for employees to get a jab, and providing compensation for missing work because of vaccine complications as motivation. “So many people can’t afford to lose a day or two of work,” says Richmond, therefore servicing the needs of your employees is a crucial part of getting the economy up and running again.

As for customers, the more people who are vaccinated, the quicker it is you’ll return to normalcy. So consider rewarding consumers who are fully vaccinated. United Airlines, for instance, last week launched its “Shot to Fly” campaign, offering the chance to win a year of free flights to vaccinated customers. “We just appreciate the business community partnering with us to get it done,” says Richmond.

2. Create an inclusive recovery.

Ensuring Black and Latinx business owners continue to receive financial support is vital, says Tammy Halevy, co-lead of Reimagine Main Street. Passing the American Jobs Plan, Biden’s nearly $2 trillion plan to shore up the nation’s crumbling infrastructure and boost green jobs, would be a start, adds Halevy. Additionally, it would be helpful to offer new grant programs and to “push the [Small Business Administration] to process forgiveness applications faster” to Black and Brown business owners, who need help accessing capital.

But you can’t just rely on the government for help, says Richmond. It is important for all small-business communities to help one another. Yes, you need to focus on supply chains and other internal matters. However, intentionally supporting other ancillary businesses, such as law firms, accountants, and even the local car wash, is an important step in getting minority communities as a whole back in business.

3. Demand greater access to capital.

For many minority-owned small businesses, federal relief was not accessible throughout the pandemic, says Chiling Tong, president and CEO of Asian/Pacific Islander American Chamber of Commerce. “Sixty percent of AAPI businesses, who did not apply for federal relief, did not apply because they did not think they were eligible for relief.”

Tong notes that a lack of awareness was a problem. But also, she adds: There was a potential language barrier. She says that information regarding some federal aid programs was not translated into other languages, at least initially.

These technical disadvantages pervaded long before the pandemic, she adds. The government at all levels needs to partner with various chambers of commerce to disband technical disadvantages these communities face, making sure they have the capability to apply for and maintain the same access to capital that other businesses have, says Tong.

Through investments targeted toward an inclusive recovery, vaccine incentives, and expanding access to capital, small businesses will thrive, says Richmond, and “as [small businesses] succeed and flourish, we know that the economy and the country will do the same.”

By Alicia Doniger

Source: 3 Ways to Get Minority-Led Small Businesses Back to Business | Inc.com

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Critics:

Marketing plan

  • Market research – To produce a marketing plan for small businesses, research needs to be done on similar businesses, which should include desk research (done online or with directories) and field research. This gives an insight into the target group’s behavior and shopping patterns. Analyzing the competitor’s marketing strategies makes it easier for small businesses to gain market share.
  • Marketing mix – Marketing mix is a crucial factor for any business to be successful. Especially for a small business, examining a competitor’s marketing mix can be very helpful. An appropriate market mix, which uses different types of marketing, can help to boost sales.
  • Product life cycle – After the launch of the business, crucial points of focus should be the growth phase (adding customers, adding products or services, and/or expanding to new markets) and working towards the maturity phase. Once the business reaches the maturity stage, an extension strategy should be in place. Re-launching is also an option at this stage. Pricing strategy should be flexible and based on the different stages of the product life cycle.
  • Promotion techniques – It is preferable to keep promotion expenses as low as possible. ‘Word of mouth’, ‘email marketing’, ‘print-ads’ in local newspapers, etc. can be effective.
  • Channels of distribution – Selecting an effective channel of distribution may reduce the promotional expenses as well as overall expenses for a small business.

References

How to Spot Business Ideas Worth Pursuing

Business Goals/Programs, Business Planning/Strategies, Business/Innovation

How to Spot Business Ideas Worth Pursuing

Nothing propels a company more quickly than innovation, and nothing stifles it more quickly than a “that’s how we’ve always done it” attitude. News startup Axios is an excellent example of a company breaking barriers and thinking outside the box. The company is making a big bet that other companies will pay to learn how to write like Axios reporters.

The new communications platform, AxiosHQ, launched in February and enables companies to send Axios-style, just-the-facts internal newsletters. Its cost? At least $10,000 annually. It remains to be seen whether executives will be willing to invest that kind of money, but it’s a fascinating proposition.

Related: Why Your Marketing Team Should Be Journalists

What does it take for organizations to vet, approve and develop similarly innovative ideas? The answer is not simple, and it varies from company to company. Innovation efforts get plenty of lip service, but it’s much harder to perfect a process for selecting and implementing top ideas.

No magic wand for innovation

In the same way that data-driven decisions run many aspects of an organization, leaders need to use data to create a rubric for vetting innovative ideas. This enforces discipline and keeps everyone on the same page.

Without an evaluation process, innovation programs become short-sighted and may fall out of alignment with long-term organizational goals. Having an organized process also removes emotion from decision-making to keep project focus and dollar spend as data-driven as possible.

For innovation to succeed, leaders also have to be aligned around critical factors. This forms a living rubric that can be adapted throughout the organization as business needs shift and evolve. Generally, some sort of innovation leader — a chief innovation officer, a chief strategy officer or a business unit leader — will lead this team to ensure the process runs smoothly and stays on track.

When we developed our rubric at Coplex, we struggled to find a technical solution that was flexible enough while still enabling us to manage our ideas. We ended up building one ourselves. We now use this tool to drive the underlying engine of our entire idea management process, and it works because effective innovation strategy always starts at the top. Bring your entire leadership team together from the beginning of the process to discuss priorities and foster conversations about ideas, outlining your concrete vision along the way.

Related: Did Someone Reject Your Idea? Because of Coronavirus, They Might Reconsider

Here are three ways to evaluate your innovation ideas and create a framework to make them a strategic reality:

1. Create an innovation blueprint

Before you begin to gather ideas from your team, you have to first come up with a blueprint — such as Google’s Eight Pillars of Innovation — that defines the initiative’s overall structure. This helps put up guardrails around the problem spaces the organization is willing to play in and, more importantly, which problem spaces are off-limits.

An innovation blueprint consists of three distinct components: statement, antithesis and thesis. Your statement defines your company’s ambitions and outlines why you believe in what you’re doing, why now is the best time to do it and what makes you the best candidate for the job.

From here, develop an antithesis that defines the problems, business models and core technologies you don’t intend to address. Why? It removes distractions and keeps the focus on priorities. Finally, create a thesis that gives you a clear lens into how you’ll invest in problem spaces, business models and technologies to create the change you want to see.

2. Define innovation themes

Once you’ve developed a solid blueprint, it’s time to identify the themes of problem spaces you intend to solve. This step will define the categories in which your innovation ideas should fall while clearly outlining how your solutions could come into play.

Think of this as similar to how the National Association of Engineers (NAE) outlines the many challenges left to overcome in its field. In its report on the grand challenges of engineering, NAE defines themes (e.g., joy, sustainability, health and security) as areas ripe for innovation and abundant with opportunity.

The core reason for taking this approach? It allows you to consider potential ways to innovate beyond what the organization had imagined before — and to set goals with those parameters in mind.

Related: What Sustainable Innovation Might Look Like in 2021

3. Map measurement criteria back to a rubric

Once you’ve defined your innovation themes, it’s time to develop the criteria you’ll use to measure your success. Global design firm IDEO made it a goal to quantify innovation by looking at its clients’ internal team dynamics as well as other companies focused on innovation.

The firm identified six areas key to innovation and then sent its survey, coined “Creative Difference,” to larger organizations to understand how team members were performing when it came to innovation. Once the survey was complete, IDEO sent results with tangible innovation metrics and recommendations on how to follow and meet them moving forward.

As you define how you measure innovation and create your unique rubric, keep in mind that you aren’t limited to traditional metrics. Feel comfortable being creative and innovative as you decide on those! It’s possible to measure everything from societal impact and economic value to organizational scale and new market discovery.

The process of pursuing innovative ideas requires much more than a quick brainstorming session or selecting an appealing idea from a list. By creating an underlying philosophy and structure governing the prioritization of ideas that flow through an organization, you can retain control over your innovation program’s outcomes instead of leaving anything to chance.

Business ideas that solve problems are fundamental to developing the world and companies such as Curemark are one of many who do this. Curemark is a biotech company founded by Joan Fallon, who noticed that a lot of the children she treated were low on an enzyme for processing protein and since then she has quit her job and has built Curemark to solve this problem. Curemark has now raised $50 million and is on its way to solving a problem that truly exists.

Profitability is a business’s ability to generate earnings compared to its costs over a certain period of time. This is possibly the most important aspect of any business idea in the long term, as this is what makes a business survive in order to keep having the impact that it has. Profitable ideas need a strong revenue stream against its costs and this tends to create the success of the business, however, some companies defy this and make losses to begin with, yet are still exceptional business ideas that are worth billions.

Brenda Schmidt

By: Brenda Schmidt / Entrepreneur Leadership Network Contributor

 

Source: How to Spot Business Ideas Worth Pursuing

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References

Newcomer, Eric (30 June 2015). “Uber bonds term sheet reveals $470 million in operating losses”. bloomberg.com. Retrieved 29 October 2015.

Here’s How You Can Use Decentralized Finance To Draw Passive Income Streams

Business Goals/Programs, Finance Study/Strategy, Future Finance/Banking, Marketing/Business Platform, Passive Income, Personal Finance/Savings

Here's How You Can Use Decentralized Finance to Draw Passive Income Streams

With the European and global crypto markets going mainstream in 2021, the term DeFi — short for Decentralized Finance —  seems to have seeped into the consciousness of the masses, at least those looking to invest in this yet nascent space. In this regard, it bears mentioning that the DeFi ecosystem has grown from strength to strength over the last 12 odd months, with the amount of money coming into this space increasing from $1 billion to $40 billion since Q2, 2020.

From a conceptual and operational standpoint, one can see that DeFi projects are designed to function in the same way as their centralized finance (CeFi) counterparts. This is to say that they enable users to lend and borrow funds, speculate on the price movements of various assets, earn interest rates and so on, much like traditional bank accounts except without a bank intermediating the transactions, thus removing the associated cost overhead and delays. Transaction rules, on the other hand, are enforced by the software, leaving no room for human error or oversight.

The onset of DeFi has been beneficial to both the crypto maximalists as well as the traditional investors looking for yield. The reason is that the so-called stablecoins are as eligible to participate as the traditional crypto. Stablecoins are the cryptocurrencies pegged 1:1 to conventional currencies and are backed by the respective reserves. Some of the most widely used ones are USDT and USDC, both of which are pegged to USD and can be acquired from most cryptocurrency exchange providers. Accessing DeFi through these eliminates price risk stemming from the volatile nature of cryptocurrencies.

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Start trading Bitcoin and cryptocurrency here: http://bit.ly/2NI4xtF​ DeFi applications – https://defipulse.com/defi-list/​ DeFi is becoming more and more popular as the main use case for cryptocurrencies. This video explains in detail what DeFi is and what you should know about before getting involved. 0:38​ Bitcoin and Our Financial System 1:24​ Our Centralized Financial System 1:59​ What is DeFi? 2:22​ DeFi Components 4:16​ – DAI explained 5:51​ – DEXs explained 6:33​ – Decentralized money markets 8:06​ Money Legos 8:56​ DeFi Advantages and Risks 10:02​ Conclusion For the complete text guide visit: https://bit.ly/2R35g6Z​ Join our 7-day Bitcoin crash course absolutely free: http://bit.ly/2pB4X5B​ Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel: http://bit.ly/2BVbxeF​ Get the latest news and prices on your phone: iOS – https://apple.co/2yf02LJ​ Android – http://bit.ly/2NrMVw2

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The DeFi difference and how it can work to your advantage.

From the get-go, it is important to understand that before the advent of DeFi, crypto owners did not have access to any decentralized avenues for lending, farming, staking their assets. Centralized options were also few, far between and of questionable reliability. However, with this space continuing to grow, there are now a plethora of ways through which token holders can see their assets multiply.

The simplest and most convenient means of earning passive income through DeFi is by depositing one’s crypto into a platform that provides users with an APY (annual percentage yield). The core difference here is that while most banks provide users with interest rates ranging between 0.2 percent to 0.6 percent at max, DeFi returns can go as high as 15 percent.

Yield Farming.

As the name seems to quite clearly imply, the concept of “Yield Farming” entails the generation of a passive income stream via the use of a variety of different crypto assets. In its most basic sense, Yield farming can be compared with traditional finance offerings such as bank deposits, fixed-term deposits, and even government bonds wherein investors lock in their fiat assets with a financial institution, allowing for increased liquidity. This liquidity in turn generates growth for the institution, thus allowing for steady interests to be paid out to investors.

Similarly, yield farmers can make use of DeFi money markets, liquidity pools, etc to draw in steady returns for themselves. For example, an individual locks up 10,000 USDC (US dollar-pegged stablecoin) into a DeFi protocol, providing it with instant liquidity. In return for locking up these funds, the person is rewarded with fees generated by the underlying DeFi platform. These reward tokens can then once again be deposited in other liquidity pools, allowing users to constantly accrue a flow of income by continually switching between different protocols.

Popular platforms worth considering.

Uniswap: The name UniSwap has almost become synonymous with the term “passive income,” at least across the global crypto landscape. The protocol provides users with a tangible avenue through which they can earn returns on their assets by becoming liquidity providers (LPs).

In their most basic sense, LPs are those individuals that deposit an equal USD amount of two tokens, known as a pair, to a liquidity pool.  Whenever these tokens are moved — for example, borrowed by a third party —  the fee that is generated from such a transaction and is shared with the LP depending upon his/her stake in the pool.

UniSwap is perfect for those individuals who may be in possession of “idle crypto assets” and looking to invest their funds in a platform that is relatively risk-free and easy to make use of.

Aave: This is a platform to lend and borrow assets. You put assets in a pool — for example the USDC pool — and anyone who needs to get USDC can come and borrow some, by collateralizing the loan. Depending on demand they’ll pay roughly between 2 percent and 80 percent APR, while you’ll get between 0.5 percent and 75 percent APY for lending into the pool.

While providing to liquidity pools such as Uniswap involves some degree of risk (the “impermanent loss”) depending on the pair of assets you are dealing with, Aave is really the simplest product to understand: deposit 1 asset, get paid a certain interest percent in that asset.

The risks.

Though on paper, the concept surrounding yield farming looks extremely attractive, it is not free of its share of risks.

The very first risk — the thing which resulted in the most money lost in 2020 — is greed. “Rug pulls” and “exit scams” were the No. 1 risk in terms of money stolen last year. A good reminder to do your own research!

The second type of risk, tech risk, means that if there is a bug in the smart-contract you are using, you could lose all your money, and that’s why you want to make sure they have been independently audited. For the same reason, you are best advised to not “put all eggs in the same basket” and deposit across several protocols.

There have also been a lot of attacks associated with “price oracles.”  This is somewhere between a tech risk, a design risk and a financial risk. An “oracle” is the service through which a DeFi protocol obtains real-time price data. Those can potentially be manipulated or tampered with, especially since these instruments are totally automated and there is no way to audit or verify the accuracy of the data provided by these platforms. A lot of “attacks” in 2020 were executed through manipulating the price information of assets and getting a lot of tokens for cheaper than one ought to from a service.

Lastly it is no secret that the crypto market at large is the subject of daily price swings, causing the value of many assets to jump up and down wildly. In this regard, if the value of a cryptocurrency that is being farmed dips to extremely low levels, users could incur heavy losses compared to the currency they use to go shopping. Two hundred percent APY on something whose price is dropping by 300 percent a day isn’t going to make you rich any time soon. That’s a financial risk, and the conclusion is to choose your assets wisely.

Anton Altement

 

By: Anton Altement/ Entrepreneur Leadership Network VIP

Source: Here’s How You Can Use Decentralized Finance to Draw Passive Income Streams

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Scott Duffy | 5 min read
Finance

Artificial Intelligence Revolution: 3 Stocks to Automate Your Gains

With the global AI market expected to reach $267 billion by the year 2027, there’s plenty of reasons to consider investing in companies with exposure to the technology. Let’s take a look at 3 stocks to consider buying if you want exposure to the AI revolution.
Sean Sechler | 4 min read
Crisis

How to continue operating in the midst of one of the biggest crises in history?

The world has changed due to unpredictable issues, but this is not justification for the efforts to dissolve.
José Varela | 4 min read
Women Entrepreneurs

10 Stories That Will Revolutionize the Way You Lead Your Life

Become a change-maker in your industry with inspiration from ten powerful women who weren’t afraid to challenge a world stacked against them.
Patti Fletcher | 15+ min read
Finance

Semiconductor Industry Set To Benefit From Global Chip Shortage

Semiconductor manufacturers such as Amkor Technology (NASDAQ: AMKR), ON Semiconductor (NASDAQ: ON) and United Microelectronics (NYSE: UMC) are benefiting from strong demand for electronics gear, combined with a global chip shortage..
Kate Stalter | 4 min read
Finance

Charles Schwab is Set for a Blowout Quarter

Charles Schwab (NYSE: SCHW) is set to report its fiscal first-quarter earnings a week from today, and every indication is pointing to outstanding numbers for the discount brokerage. Has all of the upside already been priced in?
Nick Vasco | 4 min read
Finance

United Airlines, Alaska Air Group Stock Get Upgrades

Down but not out. That was the story of the major airlines for much of 2020 after they took the mother of all batterings in the face of the COVID pandemic.
Sam Quirke | 4 min read
Finance

Conagra Brands Will Sustain Growth This Year And Next

Shares of Conagra Brands (NYSE: CAG) are holding steady in pre-market action following the release of FQ3/CQ1 results. The company reports a solid quarter and gave updated guidance that takes a certain point of view to fully appreciate.
Thomas Hughes | 3 min read
Finance

Constellation Brands Down 5% On Better Than Expected Results

Constellation Brands (NYSE: STZ) shares are down 5.0% in early action after posting a better-than-expected quarter. The catch is that results are better than the broad consensus of analysts, a consensus that has trailed reality as it has with so many other stocks in the market today.
Thomas Hughes | 3 min read
Finance

Mark Cuban Says Explosive Growth in DeFi Is ‘Like the Early Days of the Internet’

Traditional finance walked so that decentralized finance could run.
Ariel Shapira | 4 min read
Stress Management

3 Ways to Prevent Stress from Taking Over Your Life

Your best chance of succeeding in the fight against stress is to aim for prevention. Use these three methods to prevent stress on the individual and organizational level.
Nadine Greiner, Ph.D. | 4 min read
Success Habits

5 Ways to Treat Your Customers Like VIPs and Deliver “Wow” Moments

Learn to deliver more than your customers expect and you’ll win them over and create a loyal fan base.
Debbie Allen | 6 min read
Marketing

3 Cold Call Tips That Will Help You Book 15 Appointments a Day

The daunting task can actually be fruitful if you follow these rules.
David Walter | 5 min read
News and Trends

1 in 3 Covid-19 Survivors Suffer From Long-Term Brain Disorders, Study Says

Covid-19 appears to have a far bigger impact on neurological and mental health conditions compared to the flu, according to researchers.
Justin Chan | 2 min read
Finance

How To Improve Your Office’s Working Environment

If you have a positive work environment, your employees will be more likely to feel like they’re included, valued, and necessary. And all of this positivity combined can also have a direct impact on your bottom line. Q1 2021 hedge fund letters, conferences and more Tip To Improve Your Office’s Working Environment If you’re ready […]
Luke Fitzpatrick | 4 min read
Finance

How To Throw A Virtual Party In 2021

2020 has changed us forever and while it is firmly behind us now there are some holdovers we expect to deal with throughout 2021. One of those holdovers is limited social interactions. Until vaccinations are fully rolled out, we will likely have to take precautions. However, that doesn’t mean we can’t enjoy meaningful moments. If […]
Luke Fitzpatrick | 4 min read
Finance

The ESG Case For Sovereign Bonds

Since the publication of BlackRock CEO Larry Fink’s 2020 letter, environmental, social, and governance (ESG) investing has broken into the mainstream. Despite its size (103 billion USD), ESG investing has largely neglected the fixed income (FI) market, which remains dominated by sovereign debt. Investors who seek environmental and social outcomes (and can tolerate risk) should […]
Natalie Wu | 11 min read
Prepare to Succeed

12 Leadership Lessons from Mailchimp Co-Founder and CEO Ben Chestnut

How he grew the email marketing platform into an enterprise valued at more than $4.2 billion.
Jason Nazar | 11 min read
News and Trends

The Youngest Billionaire Is No Longer Kylie Jenner – It’s an 18-Year-Old From Germany

As of October 2020, Jenner’s net worth was listed at $700 million.
Justin Chan | 2 min read
Small Businesses

Free Webinar | April 8: How Small Businesses Can Get Paid

In today’s world, improving your business’s cash flow-the lifeblood of any company-can mean the difference between being able to pay your employees or having to close up shop.
Entrepreneur Insider | 2 min read
Trends

Has Dry January Really Lifted Non-Alcoholic Beverage Makers’ Spirits?

Entrepreneur spoke with several companies about their efforts to seize on the annual wellness trend.
Kenny Herzog | 9 min read
Finance

8 Ways To Boost Property Value And Increase Kerb Appeal

When it comes to selling your home, first impressions certainly count. Properties with high kerb appeal are guaranteed to have better luck on the market, with potential buyer’s keen to conduct a viewing. Neat spaces induce greater kerb appeal and boost a home’s value – the best part is, you don’t necessarily need to spend […]
Jacob Wolinsky | 4 min read
Developing an Agile Work Culture

Remote-Communication Tips from 7 World Champions of Public Speaking

Some of the best in the biz offer their insights on how to shine while delivering messages from a distance.
Gil Peretz | 10 min read
Finance

Money Mistakes People Regret The Most

When people everywhere suddenly found themselves unemployed thanks to the pandemic, many of us were taught a lesson about money the hard way. It turns out that not saving enough money for an emergency was a big mistake. Q1 2021 hedge fund letters, conferences and more The Money Mistakes People Regret Making While it’s usually […]
Luke Fitzpatrick | 4 min read
Starting a Business

How to Determine Which Product You Should Launch Your Brand With

Starting a business? Consider carefully what your first signature offering should be.
James McKinney | 1 min read
Finance

Warren Buffett’s Mistake Of Selling Of Bank Stocks

Whitney Tilson’s email to investors discussing Warren Buffett’s $10 Billion mistake and the importance of thinking independently; robotics; the first mobile phone call. Q1 2021 hedge fund letters, conferences and more Warren Buffett’s $10 Billion Mistake 1) Nobody is a greater admirer of Berkshire Hathaway (BRK-B) CEO Warren Buffett than I am… But that doesn’t […]
Jacob Wolinsky | 5 min read
WhatsApp

Protect Yourself From This WhatsApp Scam

If you get this message from a friend, it is probably a trick to hack your WhatsApp.
Entrepreneur en Español | 3 min read
Crisis Management

Long Beach Beer Lab Could Have Closed; Instead, They Became Essential

The story of how one small brewery and gastropub semi-pivoted on the fly and has been busier than ever.
Kenny Herzog | 7 min read
Developing an Agile Work Culture

How to Build More Purpose Into Your Work

Don’t look for meaning in your work. Create it.
Aytekin Tank | 7 min read
Finance

A Guide To Managing Your Money Better In 2021

When it comes to putting yourself in the best financial situation possible and having your personal finances under control, effective money management is vital. Are you aware of your outgoings? What about your credit score? Are you keeping track of your debt? These are all critical factors to be aware of to become a money […]
Luke Fitzpatrick | 4 min read
Finance

JPMorgan Chase CEO Jamie Dimon Has A Warning For The U.S.

JPMorgan Chase & Co. (NYSE:JPM) Chairman and CEO Jamie Dimon believes the economic recovery after the pandemic will last at least a few years. He also warned that “inept” public policy and government dysfunction are causing many serious symptoms. [soros] Q1 2021 hedge fund letters, conferences and more Further, he said there was “some froth […]
Michelle Jones | 3 min read
Finance

The Benefits Of PropTech For Property Managers

As the globe adopts further digitalisation, technological advances have benefitted many industries, including the world of real estate. For landlords, the implementation of PropTech can make a real difference and positive change to their business models. But how exactly has PropTech changed the face of real estate and property management? Q1 2021 hedge fund letters, […]
Luke Fitzpatrick | 4 min read
Leadership

Why ‘Messy’ Leaders are the Future

Research suggests that “messy” leaders will best navigate the new normal.
Jerry Connor | 8 min read
Billionaires

The 10 Latin American billionaires of the year

While 22 million people were added to poverty in the region, Forbes reports that these men and women increased their wealth.
Entrepreneur en Español | 4 min read
News and Trends

Here’s How to Check If Your Phone Number Was Leaked in the Massive Facebook Breach

Over the weekend, the personal data of more than 533 million Facebook users was published in a hacking forum.
Justin Chan | 2 min read
Finance

Ebang: Yet Another Crypto “China Hustle” Absconding With U.S. Investor Cash

Ebang International Holdings Inc (NASDAQ:EBON) is a China-based crypto company that has raised ~$374 million from U.S. investors in 4 offerings since going public in June 2020. Q1 2021 hedge fund letters, conferences and more While the company represented that it would use the majority of its numerous capital proceeds to develop its business operations, […]
Hindenburg Research | 15+ min read
Press Coverage

3 Strategies to Land Big Press If You Are Not a Purple Cow

In today’s media world, no brands are unfit for coverage.
Natasha Zo | 6 min read
Finance

6 Time Management Methods For Small Business Owners

As a business owner, you have a lot on your plate. And sometimes it can feel like you’re constantly working to manage every aspect of your business to make sure it’s running smoothly. This can be dangerous for your mental health. One study found that 70% of people say that a heavy workload and poor […]
Luke Fitzpatrick | 4 min read
Business Growth

Business Investing for Business Growth

Business leaders can lead strategically by investing in both themselves and the business.,
ken gosnell | 5 min read
Success Stories

This Craft-Beer Founder Gave Herself 6 Months to Succeed. Five Years Later, She’s Flourishing.

Sufferfest CEO Caitlin Landesberg left a comfortable job, took a risk, and it paid off. Here’s how she did it and what she learned.
Kenny Herzog | 8 min read
News and Trends

Black Manager Sues Amazon Over Alleged Discrimination, Sexual Assault and Harassment

Charlotte Newman says her former director made unwanted sexual advances toward her, adding that Amazon had a widespread culture of ‘down-leveling’ Black employees.
Jeroslyn Johnson | 4 min read
Finance

What a new plan for GSE reform could mean for borrowers

There’s been a lot of talk about getting Fannie Mae and Freddie Mac out of conservatorship, although that could change now that President Joe Biden is in the White House. However, Biden’s presidency does not necessarily mean that reform for the government-sponsored enterprises is entirely out of the cards. Q1 2021 hedge fund letters, conferences […]
Michelle Jones | 6 min read
Entrepreneur Index

Amazon CEO Jeff Bezos Supports Corporate Tax Hike

Amazon Inc (NASDAQ:AMZN) CEO Jeff Bezos supports raising taxes on corporations, but it seems he might not support the entire infrastructure bill that includes the tax hike. In a statement, Bezos said Amazon supports “the Biden Administration’s focus on making bold investments in American infrastructure.” Q1 2021 hedge fund letters, conferences and more However, he […]
Michelle Jones | 3 min read
Branding

Automate and Enhance Your Brand Design With This Award-Winning Tool

RelayThat makes it easy to design your brand’s marketing materials effectively.
Entrepreneur Store | 2 min read
Growth Strategies

6 Strategies That Drive Business Growth

Women often lead their companies to success in a way that’s very different from male leaders. Use these six strategies to follow their lead.
Patti Fletcher | 5 min read
Startups

5 Tips for Finding a Great Advisor for Your Startup

Acquire the right man or woman who’s sole job is to make sure you make less mistakes.
Dasha Kroshkina | 7 min read
Customer Relationship Management

Daylite Offers a Customized CRM for Small Businesses That Use Mac

Manage everything your professional services SMB needs from a single hub.
StackCommerce | 4 min read
Entrepreneurs

The First Time Jessica Alba Pitched Her Now-Unicorn Startup, It Failed. Here’s How She Pivoted

From “not very promising” to a $1 billion valuation.
Nick Wolny | 5 min read
Cell phone

Your Cell Phone Expenses Don’t Have to Put You in the Red—Boost Mobile Can Help

Boost Mobile is offering a can’t miss deal.
Entrepreneur Store | 2 min read
Entrepreneurs

How One Woman Is Winning the Canned Wine Market

The founder and CEO of a mission-driven vino venture reveals how she creates “buzz” in every sense of the word.
Liz Abere | 4 min read
Marketing

7 Effective Delivery Skills for Public Speaking

Discover smart delivery and strategy tactics and the exercises you can practice so you can improve your speaking skills.
Jill Schiefelbein | 6 min read
Leadership

Why Vulnerability Is a Strong Business Leader’s Most Powerful Weapon

You don’t have to wear a suit of armor every day to inspire your workforce. Instead, show your weaknesses and you’ll have more people’s trust and loyalty.
Jeffrey Hayzlett | 5 min read
Finance

Investors Should Get Comfortable with Comfort Systems USA

When it comes to investing in homegrown companies it doesn’t get much more patriotic than Comfort Systems USA (NYSE:FIX). The provider of building construction and maintenance services has been around for almost 25 years.
MarketBeat Staff | 5 min read
Artificial Intelligence

This Is the Most Powerful Artificial Intelligence Tool in the World

In June 2020, the Californian company OpenAI announced the GPT-2’s upgrade to GPT-3, a language model based on artificial intelligence and deep learning.
Hugo Cen | 5 min read
Ecommerce

Electronic commerce: 4 tips to boost your business on the internet

Although digitization is an advantage over businesses that only offer physical sales, various businesses face the challenge of making their e-commerce stand out and generate the expected results.
Rodrigo Segal | 4 min read
Finance

3 Market-Leading Stocks to Buy on Dips

We’ve put together a list of 3 market-leading stocks to buy on dips to help you get a better sense of what companies might fit into your long-term investing plans.
Sean Sechler | 5 min read
Finance

3 Big-Box Retail Stocks to Buy Now

We take a look at 3 big-box retail stocks that could be worth buying now.
Sean Sechler | 4 min read
Finance

Juniper Networks Stock is a Laggard Networking Play

Network communications company Juniper Networks (NYSE: JNPR) stock has been chopping in a trading range for nearly a decade.
Jea Yu | 4 min read
Finance

The Moderna Pullback is Worth a Shot

A little over two years ago Moderna (NASDAQ:MRNA) was a relative unknown in the world of investing. The Massachusetts-based biotech company was making its public market debut hoping investors would take to its novel approach to drug and vaccine development. My how times have changed.
MarketBeat Staff | 5 min read
Enterprising women

How to become an Alpha Woman in business: when apart from being a collector you want to be an entrepreneur

This article is for the woman who is thinking about exploring entrepreneurship, who lacks a push to start or who does not feel sufficiently equipped to launch a business alone.
Lourdes Uzuriaga | 5 min read
Finance

Smart Global Holdings Business Acceleration Is Underway 

Smart Global Holdings beat on the top and bottom line and provided blow-out guidance that points to rising share prices over teh short, mid and long-term.
Thomas Hughes | 3 min read
Finance

3 Fintech Stocks With Good 2021 Prospects

Financial technologies are extending their reach into more aspects of life, all over the world, opening more doors for companies like NCR (NYSE: NCR), ACI Worldwide (NASDAQ: ACIW) and Fiserv (NASDAQ: FISV).
Kate Stalter | 4 min read
Finance

RPM International Is Geared For Growth

Shares of RPM International are down following the Q2 earnings report but we expect this high-quality dividend growth stock to begin moving higher very soon.
Thomas Hughes | 4 min read
Finance

Sizing Up The Opportunity in Snap Stock

A 5% jump in yesterday’s session made shares of social media giant Snap (NASDAQ: SNAP) among the best performing of US equities.
Sam Quirke | 4 min read
Finance

SMBX – Small Business Bonds Marketplace Review

SMBX is an online marketplace that allows individual investors to buy small business financial securities. It can be difficult for some small businesses to get a business loan. With SMBX, a small business owner is taking a different route. In this case, they are raising capital from the public
Chris Markoch | 7 min read
Mentors

How to Approach and Attract a Potential Mentor

If you feel like you’re spinning your wheels at work, working with a mentor could get you back on track and moving full steam ahead. Use these tips to find one that’s a good fit for you.
Jessica Abo | 6 min read
Customer Engagement

How to Keep Your Business Open 24/7 Without Having Anyone Working All Those Hours

Customers expect access to you any time of day. These tips can help you pay attention at all times without burning the candle at both ends.
Jill Schiefelbein | 4 min read
Stress Management

The 4-Step Process to Conquering Stress for the Rest of Your Life

Keep the stress monster at bay by committing to each of these four steps for the rest of your life.
Nadine Greiner, Ph.D. | 5 min read
Growth Strategies

How to Effectively Measure Strategic Initiatives

Follow this expert advice for laying out a game plan for any project or initiative that will help you evaluate it before, during and after the project is complete.
Riaz Khadem and Linda Khadem | 7 min read
Financial Goals

10 Tips to Stay Focused on Your Financial Goals

Setting financial goals isn’t for the faint of heart.
John Rampton | 5 min read
Closing Sales

5 Ways to Master Sales

Learn to overcome the five biggest fears in sales and become a master salesperson.
Debbie Allen | 5 min read
Entrepreneurs

Magic Johnson Is Here To Teach You How To Use the Cultural Demographic Shift to Your Business’s Advantage

There’s a cultural demographic shift happening in the U.S. that could disrupt your business. Get ahead of it now by finding out how Magic Johnson is tapping into and profiting from it.
Glenn Llopis | 7 min read
Prepare to Succeed

3 Marketing Tactics Entrepreneurs Should Implement to Improve Their Return on Investment

These marketing tenants are key to success for a forward-thinking company.
Wasim Ullah | 3 min read
Prepare to Succeed

Your Buyer’s Journey is Now Online. Is Your Customer Experience Digital-First Too?

This is how you can build a tech suite for the digital-first customer.
Randy Frisch | 5 min read
Finance

These Are The Top Ten Convertible Mutual Funds

Investing in hybrid securities is one of the best ways to earn returns and lower the risk profile of a portfolio. Within hybrid securities, convertible funds are the most popular among investors. Such funds give investors the benefit of investing in stock with the safety of bonds. These convertible funds usually invest in convertible bonds […]
Aman Jain | 4 min read
Inspiration

NASA names a mountain on Mars in tribute to Mexican scientist

Rafael Navarro González dedicated his life to science; Now the space agency pays tribute to him after he passed away from COVID-19.
Entrepreneur en Español | 4 min read
Developing an Agile Work Culture

5 Small Business Strategies to Recover, Rebuild and Be Ready

Small business owners can adopt these recovery strategies to recover and thrive in unpredictable conditions.
Zaheer Dodhia | 6 min read
Prepare to Succeed

Free On-Demand Webinar: How to Build a Disruptive Business Model That Scales

Watch our Leadership Lessons series host — Comparably co-founder/CEO Jason Nazar — as he chats with Sunrun co-founder/CEO Lynn Jurich. She’ll share the most important lessons of her career, from her time as a venture capitalist to becoming an entrepreneur herself.
Jason Nazar | min read
News and Trends

Kim Kardashian West Joins Estranged Husband Kanye West on Billionaires List

The model and television personality’s net worth is largely attributed to the success of her two businesses.
Justin Chan | 2 min read
News and Trends

The Race to Covid-19 Vaccine Passports, and Where You Can Get Yours

If you are a citizen of certain countries, you may be in luck.
Ian Khan | 5 min read
Success

Which Do You Need: A Coach or a Consultant or a Trainer? Here’s How to Know.

The terms coaching, training, and consulting are thrown about by clients, believing they are interchangeable. In reality, each solution has a unique impact on you and your people.
Tina Frey Clements CPC | 4 min read
Finance

Increased Trading Means It’s Time To Up Your Employee Trade Monitoring Game

Trading today is more accessible than ever before. The Robinhood trading app officially launched in March 2015, and headlines from 2020 indicate that it’s already handling more trading volume than rivals Charles Schwab and E-Trade combined. Robinhood also spurred the move toward commission-free trading, which has become industry standard as a result. [soros] Q1 2021 hedge fund […]
Jacob Wolinsky | 4 min read
Finance

A Hypothesis For A Bitcoin ‘Triple Top’ In 2021

From sovereign wealth funds jumping in, to multiple Bitcoin ETFs in the works, there is a growing sense something important is going on and that perhaps mainstream adoption is just around the corner. Q1 2021 hedge fund letters, conferences and more There is so much to focus on out there but you only need to […]
Jacob Wolinsky | 11 min read
Finance

7 Steps To Ensure Long-Term Business Success

Starting up your own business is a hard thing to do, and running it is even harder. There’s a lot you’ll have to get right in order to keep yourself going past the first twelve months. Q1 2021 hedge fund letters, conferences and more Thankfully, with these top tips, you can learn more about how […]
Luke Fitzpatrick | 4 min read
Finance

4 Reasons To Consider Fixed Income Investments

Fixed income investments are many investors’ bread and butter. More secure and stable than buying stocks (also known as “equity”), making a fixed income investment means buying a bond, which a company issues to raise debt. Q1 2021 hedge fund letters, conferences and more You make your profit through interest payments, which the company will […]
Luke Fitzpatrick | 4 min read
Finance

So You’re An Accredited Investor: Here’s What You Can Do Now

If you recently became an accredited investor, you may not be aware of all the strategies that have just been opened to you. An accredited investor is usually a high-net-worth individual or entity, although the U.S. has changed the definition to add another category to it. Q1 2021 hedge fund letters, conferences and more The new […]
Ankur Shah | 4 min read
News and Trends

Elon Musk Reveals What Caused a SpaceX Prototype to Mysteriously Explode

The SN11 launched from the company’s South Texas facilities last week but exploded upon landing.
Justin Chan | 2 min read
Entrepreneurial Journey

How Fashion Design Rebecca Minkoff Pivoted In the Pandemic: “We Were Not Going to Go Down Without A Fight”

Rebecca Minkoff’s business was in trouble. Watch her explain how she redefined it for a digital era.
Jason Feifer | 2 min read
Franchise

Entrepreneur Franchise of the Day: Uptown Cheapskate

The resale store for young adults that buys and sells name-brand apparel, shoes and accessories takes the thrift store experience where it’s never been before.
Entrepreneur Staff | min read
Finance

Dividend Stocks Are An Excellent Way To Earn Passive Income

Passive income is a great way to set yourself up for success, both in retirement and before. There are several options for passive income, although some are more passive than others. For example, real estate can be a passive investment. However, it also requires property management, so you would need to hire a property manager […]
Ankur Shah | 4 min read
Entrepreneur calls

These 3 Latin American Businesses Will Compete for the Grand Prize of $500,000 at the Largest Startup Competition

Seedstars World is the largest global startup competition in emerging markets.
Entrepreneur en Español | 2 min read
Starting a Business

How This Entrepreneur Turned His Passion Into a Business

The founder and CEO of GigaPoints shares how his company helps consumers reap the most benefits for their personal spending habits.
Jessica Abo | 5 min read
Tesla

Tesla Shares Skyrocket for Electric-Car Delivery Record; See How Much They’re Worth Now

Elon Musk’s company is about to add about $ 50 billion to its market value. In the first quarter of 2021, Tesla delivered 184,800 vehicles globally.
Entrepreneur en Español | 3 min read
Marketing

5 Low-Cost Marketing Strategies for Your Self-Published Book

These strategies can help you sell books and establish expertise.
J.J. Hebert | 7 min read
Yahoo!

Yahoo Answers Announces Final Closure, and Users Relive It With Questions, Answers and Memes

The forum will disappear after 16 years of answering questions from Internet users, but nostalgia has led to a dignified farewell.
Entrepreneur en Español | 4 min read
News and Trends

This NBA Team Will Soon Have the Option of Being Paid in Bitcoin

In a Clubhouse announcement, Vivek Ranadivé said he would be open to paying his players and staff in cryptocurrency.
Justin Chan | 2 min read
Customer Engagement

People are Exhausted. Here’s How to Inspire Them to Buy Your Product.

The past year has resulted in a level of mental exhaustion that is unknown territory for modern companies – and selling in the face of that can be very challenging. Here are four strategies that can help.
David Partain | 5 min read
Finance

These Were the Countries with Most Billionaires in 2020

The number of billionaires a country has is no accurate measurement of the overall growth, wealth or well-being of a nation. However, it does speak well for that country. Also, it has been seen that countries with more billionaires are usually big countries having massive economic clout. Detailed below are the countries with the most […]
Aman Jain | 4 min read
Wall Street

The Investor Who Missed the Chance to Make Millions With Netflix

Despite this ‘mistake,’ Carl Icahn does not regret his decision. This is the reason.
Entrepreneur en Español | 2 min read
Finance

You May Get Supplemental Payment to Your Stimulus Check

So far, millions of people have received their stimulus checks, but many got less than what they were eligible for on the basis of their 2020 tax return.
Aman Jain | 3 min read
Entrepreneur Index

Small Businesses Push Back Against Amazon On Antitrust Issues

A national coalition of small businesses is calling for stronger antitrust measures in a pushback against Amazon Inc (NASDAQ:AMZN). If the group successfully pushes through the measures, they could force the company to spin off some of its businesses. [soros] Q1 2021 hedge fund letters, conferences and more Small businesses target Amazon According to The […]
Michelle Jones | 3 min read
Healthy Entrepreneur

The two syndromes that negatively impact our professional lives. Identify them!

The World Health Organization warns that 75% of workers suffer from burnout, but did you know that you could also suffer from Small Intestinal Bacterial Overgrowth, better known as SIBO?
Karina Gómez | 6 min read
News and Trends

Supreme Court Rules in Google’s Favor in Oracle Copyright Case

This might finally put an end to the year-long Oracle / Google slugfest.
N. Ingraham | 2 min read
Bill Gates

Bill Gates Explains Why He’s the Largest Farmland Owner in America

It’s the first time Gates has publicly commented on land purchases made by his associated entities.
Entrepreneur en Español | 1 min read
Success Stories

‘So Many Lightbulbs Went Off’: How This Couple’s Stress-Soothing Invention Blew Up During the Pandemic

The Apollo Neuro is a new anxiety-reducing wearable backed by powerful research, and the powerhouse couple behind it has high hopes for combating the mental health crisis.
Frances Dodds | 9 min read
Franchises

These 5 Nontraditional Types of Franchisees Make Great Leaders

These franchisees exemplify the advantages of a nontraditional perspective.
Kedma Ough, MBA | 4 min read
Entrepreneurs

A year of pandemic: learning for entrepreneurs and SMEs

If the new normal is still a long way off, it is necessary for all of us to have an entrepreneurial attitude to create an environment of transformation of human and commercial relationships, protecting ourselves and others.
Geraldo Campos | 7 min read
Remote Workers

The Company of the Future Doesn’t Have an Office

The pandemic’s almost over, and remote work has never been more popular.
Rob Howard | 6 min read
Finance

Should You Buy A House Right Now Or Wait A While?

The housing market was off and running last year despite the pandemic as interest rates were cut close to zero. However, some of the conditions that made it such a great move to buy a house in 2020 have begun to change. So is it still a good time to buy a house? You might […]
Michelle Jones | 4 min read
Public Relations

Is PR Dead?

The pandemic has created disruption across many industries. Will it kill PR?
Mark Macias | 4 min read
Content Strategy

The 1 Question New Content Creators Should Never Ask Themselves

Lauryn Bosstick and Michael Bosstick, hosts of ‘The Skinny Confidential Him and Her’ podcast, chat about how to combat the fears you experience, as well as their best strategies for building a community.
David Meltzer | 1 min read
Inspiration

John’s Parable of the Secret Way to Success

A sales team that fell short of budget, the words of a charismatic boss, and the story of a boy at tennis summer camp give us a clue as to the right path to success.
Eduardo Scheffler Zawadzki | 5 min read
Technology

Why You Should Use WhatsApp Business in 2021

From customer engagement and brand awareness to commerce opportunities for products and services, there are many reasons to use WhatsApp Business in 2021.
John Boitnott | 5 min read
Standing Desks

This Isn’t Your Standard Standing Desk. Change Up Where You Work From With the Tripod Desk.

This clever tripod sets up in seconds.
Entrepreneur Store | 2 min read
Video Conferences

Livestorm Simplifies Video Communications for Today’s Remote Work Landscape

This simple but powerful video communication tool makes planning, conducting, and analyzing video calls, webinars, and more a breeze.
StackCommerce | 4 min read
Side Hustle

Start Building a Profitable Side Hustle With Guidance From This Award-Winning Entrepreneur and Angel Investor

Get quality advice from a pro and start making money.
Entrepreneur Store | 2 min read
Success

3 Lessons I Learned Selling My Billion-Dollar Company

Here are three lessons I learned selling Byte by $1.04 billion dollars in three years.
Blake Johnson | 6 min read
Finance

Is Shiller Losing Confidence in His Own Research?

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Warren Buffett Says You Should Practice the 4 Habits That Separate The Best From The Rest

Business Assistance/Consultant, Business Goals/Programs, Business Leadership/Strategies, Business Owners/Boosters, Business Planning/Strategies, Company Success, Successful Strategy/Practice

Berkshire Hathaway CEO Warren Buffett.

Warren Buffett, the chairman and CEO of Berkshire Hathaway, turns 91 in August. Remarkably, at an age where most people’s cognitive functions have entirely regressed, where many are now at the hands of caretakers, Buffett still captures the world’s attention as the fifth richest person on the planet.

The greatest investor of this generation has amassed a following of millions who’ve learned, like Buffett, that long-term success is achieved by making smart decisions — in investing and in life.

Here are four Buffett lessons that will yield good returns when you choose to act on them.

1. Master the practice of “boundaries”

With all the demands on him every day, Buffett learned a long time ago that the greatest commodity of all is time. He simply mastered the art and practice of setting boundaries for himself. That’s why this Buffett quote remains a powerful life lesson. The mega-mogul said:

The difference between successful people and really successful people is that really successful people say no to almost everything.

Buffett’s advice is a bull’s-eye to our conscience. We have to know what to shoot for to simplify our lives. It means saying no over and over again to the unimportant things flying in our direction every day and remaining focused on saying yes to the few things that truly matter.

2. Invest in your personal development

What assets should you be investing in the most? In a 2019 interview, Buffett said: “By far the best investment you can make is in yourself.”

As Buffett has repeatedly taught us, it means to never stop acquiring knowledge — the kind of knowledge that betters yourself as a whole person, not just as an investor.

Buffett’s lifelong pursuit of learning, which he shares with his longtime Berkshire Hathaway partner and colleague Charlie Munger, is the secret sauce of his success.

3. Model the leadership behaviors of the best managers

In Buffett’s 2015 letter to shareholders of Berkshire Hathaway, he summarized how one arrives at leadership greatness in a few words:

Much of what you become in life depends on whom you choose to admire and copy.

The quote was in reference to Tom Murphy, who taught Buffett everything he learned about managing a company. Murphy, who was Buffett’s biggest admirer, gave plenty of lessons on the best management practices that Buffett has adapted for his own companies, including:

  • Give autonomy to workers.
  • Delegate your authority effectively and wisely.
  • Hire for integrity.

4. Build a positive reputation

Buffett’s reputation is founded on his principled and level-headed approach to his personal and professional life. When it comes to building a good reputation, these are some things worth prioritizing:

  • Establishing trust, transparency, and fairness
  • Offering good value and high-quality products and services
  • Treating people with dignity and respect
  • Communicating clearly and promptly
  • Providing a service to the community

You should treat your business practice as a reflection of yourself, and that means being thoughtful and considerate of how your decisions affect others. If you embrace professional opportunities as a chance to add value to your community, your reputation will reflect your own personal growth.

By Marcel Schwantes@MarcelSchwantes

Source: Warren Buffett Says You Should Practice the 4 Habits That Separate the Best From the Rest | Inc.com

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“Poor People Should Do This!” Warren Buffett ***SUBLIMINAL PROGRAMS*** – http://bit.ly/2jVoXRb​ ►If you struggle and have a hard time, consider taking an online therapy session with our partner BetterHelp. https://tryonlinetherapy.com/dailymot…​. We receive commissions for referrals to BetterHelp. We only recommend products we know and trust. ►MOTIVATIONAL CLOTHES Be a Dreamer http://onlydreamersallowed.com​ ____________________ 👉Follow us on: https://twitter.com/dailyM_channel​ https://www.facebook.com/dailyMOTIVAT…​ https://www.instagram.com/dailymotiva…​
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6 Most Commonly Overlooked Cost Savings In Business

Business Goals/Programs, Business Hacks, Finance Study/Strategy, Money/Personal Finance, Personal Finance/Savings

https://i1.wp.com/onlinemarketingscoops.com/wp-content/uploads/2021/02/cost-reduction-strategy-for-small-businesses.jpg?resize=924%2C461&ssl=1

In a quest to cut costs, many businesses inadvertently leave money on the table by overlooking legitimate savings or chasing false economies.

From paying more than necessary to cutting budgets on activities that bring home the bacon, here are some of the most commonly overlooked savings in business to look out for in 2021.

1. Marketing waste

Advisors warn against cutting marketing budgets at the risk of plunging into obscurity. However, that spend should deliver a decent return on investment (ROI).

Giving into Facebook’s prompts to boost a post might seem harmless, but it’s an easy way to burn through cash.

Not targeting ads effectively is akin to pouring good money down the drain. Determine who your ideal customer is, which media they consume and when they’re most likely to buy. Then tailor your ads accordingly.

Have a plan and a budget and stick to them.

2. In-house efficiencies

Efficiencies are the holy grail in business – doing the same thing (or better) for less money. Yet, some are less obvious than others.

Improving employee welfare and workplace culture can reduce staff turnover – saving on recruitment, training and exit payouts while stemming the loss of skills, experience and intellectual property.

Don’t confuse busyness with productivity: teams should work on revenue-driving activities, not administration. Look for ways to simplify operations, freeing staff to work on core tasks.

Avoid sacrificing existing clients for new ones. It’s more expensive to attract new customers than to give existing ones more attention and value.

Automate inventory control and staff rosters to reduce errors. Running out of stock or being short-staffed ultimately means lost sales.

Streamline business finances and develop strong financial foundations. Invoicing promptly means money coming in sooner, while paying bills and taxes on-time eliminates interest and penalties.

3. Risk mitigation

“Prevention is better than cure” typically applies to health, but the same goes in business.

Review your risk mitigation strategies and stress test them for weaknesses. Risk mitigation includes:

  • insurance against business interruption and loss/damage/theft
  • contingency plans for key staff absences
  • automatic back-ups of essential software and data
  • security protocols, password management and staff cyber training to avoid fraud and hacks
  • work-from-home capabilities should staff be unable to attend the business premises (as COVID-19 has demonstrated)

Insurances and staff hours spent on these are up-front costs, but they’ll save big bucks should disaster strike.

4. Misplaced cost-cutting

Why slash the stationery budget only to blow those savings elsewhere? It sounds silly, yet many businesses fall into this trap. It’s important to deliver real savings.

For instance, stop paying rent on unused space – downsize to smaller premises or sub-let surplus space to subsidise the cost.

Upskill employees in revenue-generating activities to boost income, rather than fire them and face hefty exit payouts.

Don’t overlook taxes when looking for cost savings. Claim legitimate depreciation of business fit-outs, office furniture, vehicles and equipment. Update vehicle logbooks to claim eligible mileage allowances. Apply for relevant tax concessions and COVID stimulus.

5. DIY

“It’s cheaper to do it myself”, many business leaders claim. But are you sacrificing your ability to earn more in the process?

Weigh up the cost of outsourcing against the additional revenues and cost-savings you could generate by spending your time elsewhere.

Outsourcing could involve delegating tasks to new or existing employees, hiring contractors or implementing new technologies.

6. Buying power

Consider how to get the best value for your money.

Interest rates are at record lows, making money cheaper to borrow to upgrade equipment or expand. Refinancing debts could also slash repayments. However, plan your finance needs ahead of time – cash flow quick-fixes like short-term loans typically cost more.

Could you buy the business premises in a self-managed super fund (SMSF)? That way, your retirement fund receives the rent rather than a third-party.

And avoid the “lazy tax”: annually reviewing subscriptions, utilities, loans and insurances can net substantial savings. Often, you don’t even need to change providers – just ask for a better rate or get them to price-match a competitor!

 

By: Helen Bakerhttps://onyourowntwofeet.com.au/

Helen Baker is a licensed Australian financial adviser and author of – On Your Own Two Feet Steady Steps to Women’s Financial Independence. Helen is among the 1% of financial planners who hold a master’s degree in the field.

Source: 6 most commonly overlooked cost savings in business – Dynamic Business

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14 ways to cut costs and save money in your small business. – http://selfmadesuccess.com​ Let’s Connect! Twitter – https://twitter.com/MrJustinBryant​ Facebook – https://www.facebook.com/justinbryant…​ Google+ – https://plus.google.com/+JustinBryant…​ In this video, you will learn how to cut costs and save money in your small business. I’ll talk about strategies that include making sure you use all the best tax deductions, use freelancers instead of hiring more employees for certain jobs, cutting out expensive software in favor of free online tools and much more. Enjoy the video! https://www.facebook.com/mrjustinbryant
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How to Ensure Love Doesn’t End Your Business

Business Goals/Programs, Business Leadership/Strategies, Business Planning/Strategies, Love Hacks

Surely you have ever heard that mixing love and business is not a very good option, which is not necessarily true, since the success of a business will always depend on how its owners manage it and not on their kinship.

The simple fact of starting a business is a great challenge that generates fear, and if your idea is to start with your partner, this can become an even greater challenge, which few dare to try. According to figures from the 2016 Global Entrepreneurship Monitor (GEM) Annual Report, approximately 34% of entrepreneurs are afraid of failure.
So that this does not happen to you, it is necessary that you take into account the following tips, which will be very useful when starting a business together with your partner:

1. Define objectives: before starting your business, it is important that you define the objectives you want to achieve in the short, medium and long term, as this will help you to have a guide for decision making.

2. Make a budget: it is essential that from the beginning they consider what expenses they will have month after month and that they keep an updated record of their income and expenses. To do this, I recommend you download the Monthly Budget format for free, with which you can significantly improve your business finances.

3. Establish their functions: discuss and agree on what functions they will have, the position they will carry out and the specific and general objectives. This will help them to have a better organization and avoid conflicts.

4. Separate personal finances: when they have defined what functions they will perform, it is necessary that each one has a salary assigned, since one of the worst financial mistakes they can make is to take the money that is destined for the business to pay your personal expenses.

5. Emergency fund: they must take into account that if they decide to work in the same business, all income will depend on a single source of work, so if the business stops operating, the income of both can be seriously threatened. For this reason, they must have a cash emergency fund that allows them to cover at least three months of their monthly expenses and which they only use for a true emergency.

Remember that love should not be an impediment for a business to grow and be maintained, undertaking as a couple can also bring you great benefits that improve your relationship. The only thing that must be maintained is communication and organization.

By: Alejandro Saracho

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TEDx Talks

Community growth expert and business mentor Best-selling author and business strategist Jadah Sellner believes that all business is personal, and that love has a very important role in the workplace. Why You Should Listen: At no other time in our history have humans been so connected — and so lonely. And companies that can tap into our innate need to be part of a tribe will stand head and shoulders above the crowd.

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How To Keep Sustainability At The Forefront Of Decision-Making

Business Goals/Programs, Business Leadership/Strategies, Business Planning/Strategies, Skill Management/Business Skill

In times of great upheaval, it can be difficult for businesses to see the big picture. Sure, making quick, data-driven decisions to reach the right customer at the right moment is important, especially when business is uncertain. But bigger aspirational goals are still essential—maybe more so.

This dynamic can be especially true when it concerns corporate sustainability—sometimes referred to as environmental, social, and governance (ESG) goals that measure the societal impact of a company or business. ESG goals are designed to allow businesses to meet their present needs without compromising the ability of future generations to meet their own needs. And ignoring those longer-term goals in the service of the here and now can undermine the future health of both the company and their customers.

In many ways, deprioritizing ESG goals in times of crisis is understandable. When economic strains are great and the business future looks cloudy, leaders often hunker down with a laser focus on the bottom line. But they must also continue to focus on the soul of their corporation, and what differentiates their products and their people.  

Today, sustainability should be front and center for companies. Business leaders increasingly see sustainability as a key facet of their mission and build it into their principles and strategy to ensure business resilience. Further, they need to acknowledge the business risk of ignoring sustainability, whether through supply chain disruptions, public perception, or lack of investment in upcoming technologies. 

A plan for progress

First, let’s define our terms—what do we mean by “sustainability”? A good place to start is with the United Nations 17 Sustainable Development Goals (SDGs), a collection of 17 interlinked goals designed to be a “blueprint to achieve a better and more sustainable future for all.”

The SDGs include decreasing hunger and poverty, combating climate change, creating clean water, reducing income inequality, and forging better educational opportunities. They were set in 2015 by the U.N. General Assembly and are intended to be achieved by 2030.

Today, we hear quite a bit about climate change and the need to reduce carbon emissions, but sustainability is much broader—including environmental and societal impact. Not all management teams and boards are up to speed on what their company can and should do to improve their footprint, even if employees have good data and solid proposals. Here are six things business leaders can do to stay on track to meet ambitious ESG goals.

1. Make the business case 

Sustainability makes business sense. A focus on ESG can help management reduce capital costs and improve the firm’s valuation. That’s because as more investors look to put money into companies with stronger ESG performance, larger pools of capital will be available to those companies. According to a study by the United Nations Global Compact and Accenture, “between 2013-2019, companies with consistently high environmental, social and governance (ESG) performance enjoyed 4.7x higher operating margins and lower volatility than low ESG performers over the same period.”

“Over the past several months, when global markets have faced tremendous pressures and volatility, companies with high ESG scores have continued to outperform, experiencing a cumulative relative return 6.3% higher than bottom performers and facing lower volatility.”

– Accenture report, “The green behind the cloud,” September 2020

Additionally, according to a 2018 global survey by Accenture of nearly 30,000 consumers in 35 countries, 62% of respondents wanted companies to take a stand on current and broadly relevant issues, including sustainability. And 42% of consumers walk away from the brand in frustration if the company doesn’t align with customer beliefs.

2. Keep an eye on the data 

Everything around us is affected by big data today and your work on sustainability should be no exception. Keep a close eye on measuring your goals, performance, and operational changes with data. Be especially mindful of the sourcing and reliability of the data collected.

One big tire company, for instance, uses data generated by sensors in their tires globally to reduce waste, increase profits, and reduce the number of defective tires going to landfills, thus doing their bit for the environment. Small improvements in efficiency due to resource optimization can result in big savings.

Related: Unlock the transformational power of information you’re already collecting. Get the “CIO’s Guide to Data Analytics and Machine Learning.”

3. Make sustainability a key part of your executive structure 

Organizations should have a chief sustainability officer and team working closely with line-of-business and tech leadership. The chief sustainability officer needs to be in board meetings and other gatherings where the long-term health of the company is considered. They must be a bridge between technologists and business strategists, pushing them to look at sustainability through a new lens—a technology lens—and asking how technology can help a company build a more sustainable world.

4. Expand your ecosystem 

Reaching your sustainability goals doesn’t happen in a vacuum. It requires an ecosystem of both government and nongovernment organizations, researchers, scientists, technologists, and businesses, for example, who share the same views. Establishing this ecosystem enables collaboration through the sharing of knowledge, data, analytics, and technologies. Seek to collaborate with others who support and foster similar goals.

Throw out your regular playbook. Sustainability is not just about technology—it is about enabling change to the business processes. It requires us all to think much more collaboratively. We are in this together.

Google Cloud and Unilever, for instance, are working together to fight deforestation through sustainable commodity sourcing. By combining the power of cloud computing with satellite imagery and AI through Google Cloud and Google Earth Engine, Unilever is building a more holistic view of the forests, water cycles, and biodiversity that intersects their supply chain—raising sustainable sourcing standards for suppliers and bringing them closer to their goal of ending deforestation and regenerating natural resources.

This will allow Unilever to provide a better picture of the ecosystems connected to their supply chain, and create a better mechanism for detecting deforestation. Ultimately, it will lead to greater accountability while simultaneously prioritizing critical areas of forest and habitats in need of protection. 

5. Be an internal evangelist for change

As a business leader committed to helping the organization meet ambitious ESG goals, being an internal evangelist and continuously championing the importance of sustainable practices is key. Make it your mission to reinforce the mindset that sustainability is not optional—it’s imperative not only for the success of the organization but for much broader, purpose-driven motives beyond that. Work on collaborating with other managers to propose and execute on initiatives to “green” operations within each department. Commit to following through on these initiatives, measuring the impact, and improving the effectiveness as you go.

6. Make bold commitments—even if the path there isn’t clear

As Accenture underscores in this September 2020 report on how a thoughtful cloud-first approach can help boost your profits and benefit the planet, “the greater the ambition, the greater the reduction in carbon emissions.” Broaden the scope of possibility by setting ambitious sustainability goals and timelines for your organization. You might not know how to get there, but making bold, transparent commitments opens the door for increased collaboration and sets the direction for others who might be able to help find a way.

For example, in September Google announced a new goal to operate on 24/7 carbon-free energy in all our data centers and campuses worldwide by 2030. Sundar Pichai, CEO of Google and Alphabet was candid, saying, “this is far more challenging than the traditional approach of matching energy usage with renewable energy, but we’re working to get this done by 2030.” Establishing executive buy-in, setting shared goals, enforcing accountability, and consistently measuring and evaluating your progress will make all the difference when it comes to moving the needle.

It may be hard to do, but I believe that now, even during a global crisis, sustainability should be at the center of a business’s decision-making. Sustainability is not only good for your bottom line, but it’s also good for your top line and good for the planet—the perfect trifecta.

Keep the momentum going: Reduce your environmental impact with Google Cloud. Explore tools and technology for sustainability at scale.

Jen Bennett

Jen Bennett

Jen is a Technical Director in Google’s Office of the CTO where she collaborates and co-innovates with Google’s strategic customers. She has spent her career leading engineering and product organizations leveraging data and analytics to transform a number of industries from sports and media to manufacturing. In her free time, Jen reached the pinnacle of soccer (football) as a FIFA referee refereeing several Women’s World Cups between 2002-2010. Jen holds a MS BioEngineering from University of Pittsburgh and a BSEE from Cornell University.

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Churchill College, University of Cambridge

Businesses are under pressure to become socially and environmentally sustainable, but this creates difficulties in decision-making, as executives need to reconcile competing social, environmental and economic demands. Most of the solutions proposed to this problem have focused either on improving information and analysis (Zapico, 2014), on cognitive approaches (Hahn, Preuss, Pinkse, & Figge, 2014) or on organisational issues, such as shared values (Epstein, Buhovac, & Yuthas, 2015). However, there has been very little work looking at the integrated set of capabilities that organisations might need to be able to address multiple tensions. We therefore set out to understand how executives experience the conflicting demands of sustainable business, and how they resolve these tensions in decision-making.

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Five Lessons From The Pandemic Light A Path Forward To The Future Of Work

Business Goals/Programs, Business Planning/Strategies, Covid19

Finally, we are nearing the end of the 2020 tunnel and seeing encouraging glimmers of light. While the pandemic is not yet under control, we do have promising vaccine news as 2021 approaches, and many countries in the Asia-Pacific region have returned to on-site work. We see stabilization in US government after months of uncertainty, and the beginning of commitment and action to address longstanding racial and social justice inequities.

At a more granular level, these months of operating in survival mode have provided valuable insight into how organizations and people can truly move forward from this disruption and position themselves to navigate the future disruptions that are bound to occur. In short, we see a path toward thriving, not merely surviving.

The lessons learned over the past eight months bring sharp focus to global human capital trends that have been evolving for years—trends in well-being, reskilling, superteams (combining humans with machines), workforce strategies, and the role of HR. Even more, these lessons reinforce the overarching need to build the human element into everything an organization does in order to create lasting value for workers, organizations, and society at large.

1. Human potential is our greatest untapped asset.

Organizations have tended to think about what people can do in terms of the bullet points on their resumes and job descriptions. But none of us really knows what we’re capable of and what our limits are until we’re tested and pushed to those limits. The past eight months have been a defining test. They’ve taught us that people can operate differently. They can adapt and perform in ways far beyond what their jobs and roles specifically call for and do what has to get done.

We must now challenge how we think about the workforce and use technology to help identify and unleash human potential within and beyond the organization. This includes retaining the magic that comes from empowering people to break through hierarchy and bureaucracy, lead at all levels, and roll up their sleeves to get the job done.

2. True top-of-the house leadership looks like nothing we’ve seen before.

For years we’ve talked about “tone at the top” and the importance of top-down leadership. Now we have stellar examples of what that looks like: examples of CEOs being more transparent and human than they’ve ever been before. This includes opening dialogues on tough issues like racism and well-being and allowing them to be front and center, and generally leaning into issues that go way past the traditional C-suite agenda.

Senior leaders now have the opportunity to embody the organization’s purpose—its set of values supporting economic, social, and human interests—to infuse meaning into work that mobilizes employees around common, meaningful goals.

3. Leadership and culture are about connection and empowerment.

As people isolated at home, team leaders became the organization’s lifeline. It became their responsibility to not only focus on outcomes and organize the work accordingly, but also think about the moments that mattered culturally and foster trust in the organization. If they didn’t have empathy, listening skills, the trust of their teams, and the ability to communicate, manage, and lead, work suffered or at times didn’t get done at all.

Going forward, leaders and teams at all levels (not just higher levels) must develop capabilities that enable them to work and lead effectively while supporting the human needs of their team and representing the organization’s culture.

4. Work is the most underutilized source of value.

Work is more than simply the output it produces. It’s a powerful human force—a way for people to connect to a purpose, feel motivated, build relationships, and showcase their true capabilities. Yet no one is responsible for driving work transformation, keeping up with the pace of change, or harnessing what it can bring to the enterprise.

Organizations now have the opportunity to re-architect work for the future, not as a mechanized process, but as a flow that aligns with ways humans think and engage, and that continues to evolve. By its handling of COVID-19 challenges, HR has earned the right to spearhead this effort on behalf of the organization.

5. Ecosystems are essential to extend organizational capabilities.

The sheer enormity of the past year’s challenges proved the value of being able to leverage external partners and resources to accomplish what organizations couldn’t do on their own. For example, one transportation industry CEO related to us that, given the company has no Chief Medical Officer, he was able to enlist a top academic medical center to provide that guidance. In another example, we’re working with a group of 10 CHROs to build a cross-organizational learning program aimed at moving Black and Latinx professionals from the director to the executive level.

Going forward, organizations should deliberately cultivate an ecosystem of partners, vendors, alternative workers, and professional networks, realizing it’s the new reality of how work gets done.

From hard-learned experience to a leap forward

It would be a tremendous waste to treat the past year as a detour—a momentary delay that leads us right back to the path we were on. Instead, we need to treat 2020 as a shortcut that showed us how to leapfrog to our desired destination: a place where we’re not merely surviving, but thriving.

With the end of 2020 in sight, we have the means to createthe light we want to step into. There’s no “waiting for a better time”—the time is now. We’ll be sharing more insights on how organizations can get this done in the coming weeks in Deloitte’s 2021 Global Human Capital Trends (sign up to receive a copy here).

This piece was co-authored by Jeff Schwartz, principal and US leader for the Future of Work, Deloitte Consulting LLP.

Erica Volini

Erica Volini

Erica Volini is the Global Human Capital leader for Deloitte Consulting. Throughout her career, she has worked with some of the world’s leading organizations to link their business and human capital strategies. She is a frequent speaker on how market trends are shaping the future of work and the HR profession and is a recognized thought leader in the trends shaping the world of human capital today.

Steve Hatfield

Steve Hatfield

Steve Hatfield is a Principal with Deloitte Consulting and serves as the Global Leader for Future of Work for Deloitte. He has over 20 years of experience advising global organizations on issues of strategy, innovation, organization, people, culture, and change.

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IAEAvideo

A new global initiative will use nuclear science to better manage pandemic threats, such as COVID-19. The IAEA Zoonotic Disease Integrated Action (ZODIAC) project will establish a global network to help national laboratories in monitoring, surveillance, early detection and control of animal and zoonotic diseases such as COVID-19, Ebola, avian influenza and Zika. ZODIAC is based on the technical, scientific and laboratory capacity of the IAEA and its partners and the Agency’s mechanisms to quickly deliver equipment and know-how to countries. Subscribe for more videos: http://goo.gl/VxsqCz Follow IAEA on social media: Facebook – https://www.facebook.com/iaeaorg/ Twitter – https://twitter.com/iaeaorg Google+ – https://plus.google.com/+iaea Instagram – https://www.instagram.com/iaeaorg/ LinkedIn – https://www.linkedin.com/company/iaea © IAEA Office of Public Information and Communication http://iaea.org

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How Entrepreneurs Can Use Data Aggregation to Grow Their Business

Business Goals/Programs, Business Strategy Course, Business/Customer Care, Skill Management/Business Skill

One of the rising tech sectors today is data aggregation with many millennials coming to the forefront of the industry to bundle information and convey it in a summary form.

Aggregating is all around us

To fully understand what data aggregation is, let’s look at this example: Data-collecting companies, like Facebook, gather intelligence such as likes or page-visits users consume. This information is carefully organized to promote ads or document what users see in their feeds. In business using behavior metrics such as the number of transactions, or average age of the consumer, helps the company focus on bestsellers. 

Related: Opportunity For Startups in Manufacturing, Logistics and Supply Chain

What does this mean to the average entrepreneur? Using these kinds of systems can pinpoint and increase productivity to boost sales and growth. 

Related: [Funding Alert] Healthtech Start-Up Innovate Raises $70 Million

Dollars for data

Vasiliy Fomin is an excellent example of someone currently cashing in by way of running a data aggregator, bundling information from various sources into a single API, and allowing all types of businesses to power their offerings to consumers. He’s been able to build a thriving business earning millions in revenue by selling aggregated vehicle data, arrest record data, and more to a network of qualified resellers. 

For entrepreneurs, research and development are essential in understanding the market behavior so as to provide the best services to their customers. Data aggregators embrace innovations, new ideas and critical questioning by syncing with the industry’s changing trends in various aspects like leading, hiring, retaining and technology.

Related: 4 Ways Businesses and Consumers Can Take Back Their Data

By: Luis Jorge Rios Entrepreneur Leadership Network Contributor

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