December 12, 2018

Business

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Hemp Legalization Clears House, Off to President for Final Approval

Business
Hemp legalization awaits the pen of President Donald Trump after the U.S. House on Wednesday followed the Senate and approved a 2018 Farm Bill that removes hemp from the U.S. Controlled Substances Act.The House voted 369-47 to agree to a Farm Bill compromise that includes redefining cannabis plants with no more than 0.3 percent THC.The measure aims to clarify that those low-THC cannabis plants aren’t illegal drugs, which would be the most significant change to the Controlled Substances Act since it was passed in 1971. Trump has 10 days to sign or veto the $867 billion bill; his signature is considered almost certain as Congress scrambles to finish its work before this session ends Dec. 21....
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Has Twitter Finally Figured Out Its Bot Problem?

Business
Stock prices continue to hinge on the uncertain progress of U.S.-China trade negotiations.Hopes for a deal were higher today and stocks were up sharply in the morning, though they lost steam in the afternoon. The Entrepreneur Index™ closed up 0.69 percent, while the Dow and S&P 500 indexes were up 0.64 percent and 0.54 percent respectively. The Nasdaq composite index gained 0.95 percent.Twitter and the FANG stocks were back out front leading the technology sector higher today. All of them were up more than one percent and Netflix rose 3.6 percent.Twitter, up 5.25 percent today, had the biggest gain on the Entrepreneur Index™. It continues to recover much of the ground lost since July when active account users fell for the first time on the social media network. That was largely because of Twitter's ongoing efforts to rid the network of automated "bot" accounts spreading politically and/or commercially motivated messages....
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How This Mexican-American Artist Is Raising Social Awareness in His Chicago Community

Business
In this video from Entrepreneur Network partner C1 Revolution, Ricardo Gamboa, an artist and filmmaker, explains how he works to initiate social change through his alternative web series and movies. The artist strives to bring the social value of the arts to his community in Chicago, as well as share the perspective of the Mexican-American population.Gamboa also notes that many of the artists who people consider Chicago artists are, in reality, imports from other urban centers and cities where art is imbued in the culture. In his work, Gamboa seeks to portray the Mexican-American in Chicago who is not normally represented in the mainstream media. The media attention Gamboa has received around his work has helped to educate and broaden people's idea of culture and necessary stories in Chicago. The inventive content creator has also turned to the internet and social media to share his work with a larger audience. ...
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The Painful Truth About Becoming a Successful Entrepreneur

Business
That's an impressive word: entrepreneurship. It's a word that's filled with optimism and the prospect of joy and riches. Millennials and veteran careerists subscribe to the world of entrepreneurship with strong enthusiasm, hope and energy. It's a safe, secure and simple path to freedom and success.Related: Let's Forget About Morning Routines for a Second and Talk About Finishing StrongYou know how it works. Just dream of an idea, package a product and sell that product to your target customers. Then you get to wait by the ATM to receive a torrent of cash as it lands in your corporate account.While it's true that entrepreneurship is worth pursuing as a career, it's also true that it's a tough career. Of course, successful entrepreneurs are smart, hard-working folks....
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What a Crazy Year It's Been! Lessons From the 2018 News Cycle.

Business
People love to say that the most successful entrepreneurs have “failed their way to the top.” And this old adage certainly holds some truth. But wise business leaders know that learning from the mistakes of those around them can be just as enlightening and far less costly.For example, it’s been an intense year for Facebook. The company has been under fire for tolerating the spread of false news stories, allowing foreign powers to try to sway U.S. elections and mishandling the personal data of its users. A much-discussed investigation by the New York Timesadded other charges to the list, including the hiring of a PR firm to attack the social network's competitors....
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Cîroc Ads By Diddy And Others Violate FTC Rules On Influencer Ads Once Again, Group Says

Business
Sean "Diddy" Combs and other online influencers could soon be in hot water with the Federal Trade Commission over influencer marketing on Instagram for Cîroc vodka. An advocacy group called Truth In Advertising (TINA) has sent a complaint letter to the FTC, which sets guidelines on how ads on social media must be disclosed, asking it to look into Cîroc’s #sponsored posts – including many from Diddy himself.TINA collected 1,700 Instagram posts about Cîroc from 50 influencers that weren’t up to FTC snuff, the group said. The influencers ranged from stars like Diddy (who is a Cîroc marketing partner with the liquor maker Diageo and promotes the vodka on his personal social media, well, constantly), French Montana, Alessandra Ambrosio, Cassie, Bow Wow, and Ashanti to smaller Instagram stars like Evelyn Gonzalez or Frank Gallucci....
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The Future of Video Advertising Is Artificial Intelligence

Business
Imagine you're a video editor in 2019. You're handed a script and given thousands of shots to craft a 10-second pre-roll ad, promoted on social media to viewers with specific interests and viewing habits, living across North America and Europe. You crack your knuckles and get to work: You sift through hours of footage, you slice the whole thing together, you bundle it up and send it out. All in all, a day's work.Related: 5 Reasons Machine Learning Is the Future of MarketingThe client approves it the next day, uploads it onto various social channels and suddenly millions of people are watching it across the western hemisphere, responding in different ways. Most drop off within the first three seconds. A data team nods along at the analytics streaming in, deliberating whether it's worthwhile to reshoot and recut another video to minimize moments where the viewing masses drop off, optimizing those sacred few seconds your audience is actually watching....
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The Biological Reason to Practice Gratitude

Business
Excerpted from Game Changers, by Dave Asprey.A top expert who taught me a lot about gratitude is Dr. Elissa Epel, who is a professor at UCSF who studies how stress can impact our biological aging via the telomere/telomerase system and how meditation modalities may buffer stress effects and boost physical and spiritual well-being.Related: When You're Feeling Unmotivated, Remind Yourself to Be GratefulDr. Epel told me about a study she did with the mitochondria researcher Dr. Martin Picard at Columbia University. They examined participants' blood to determine the activity of their mitochondrial enzymes. These chemicals play an important role in producing energy for your cells. Dr. Epel and Dr. Picard found that as a group, caregivers -- such as mothers who had a child with a chronic condition -- had reduced enzyme activity. Yet, within that group there were some notable exceptions....
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Out of $85 Billion in VC Funding Last Year, Only 2.2 Percent Went to Female Founders. And Every Year, Women of Color Get Less Than 1 Percent of Total Funding.

Business
“You’ve clearly got what founders are made of, but I hope you're not planning to get pregnant anytime soon.”As the co-founder of comprehensive maternity healthcare company Mahmee, CEO Melissa Hanna is an expert when it comes to fielding questions about prenatal and postpartum care, but she was shocked that she would be asked to discuss her own body as part of the fund-raising process for her business.It was 2015, and she was meeting with a thirty-something, white, male venture capitalist who was close to putting $100,000 of early-stage funds into the company.As soon as he said it, Hanna recalls, he “kind of cringed a little bit, even knowing that he’d said that out loud. But then he said, ‘Yeah, you know, I mean, female founders …’ and left it hanging in the air.”...
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In Some States, Medical Marijuana Users Must Choose Between Ganja or a Gun

Business
A bizarre, new legal issue has emerged in recent months that may leave those wishing to use medical marijuana having to choose between using pot or owning a gun.That’s because federal law in the United States still lists marijuana as an illegal drug. And under federal law, it’s a crime if someone in possession of a legal drug also possesses a firearm.Welcome to yet another reel around the thorny bush of federal vs. state marijuana laws. While an increasing number of states have legalized marijuana, the federal government refuses to budge. As a result, even common sense issues about the plant are cloaked in confusion....
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7 Quick Instagram Ad Hacks for Ecommerce

Business
Last summer, Instagram announced that it had reached the impressive milestone of one billion users worldwide. With that number still rising steadily each day, you may feel more compelled than ever before to launch advertising campaigns on this platform to attract new shoppers and secure a few more sales before the end of the calendar year.Doing just that would be an excellent idea.The reason: Instagram has a fairly robust advertising program in place for businesses. You can do a lot when it comes to creating the right type of content for your audience, targeting the right people and building campaigns around specific goals and objectives that can fuel business growth....
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Margaret Atwood Shares Her Advice on How to Achieve Success as a Cleantech Entrepreneur

Business
As an entrepreneur, writer and subject of this video from Entrepreneur Network parter MaRS Discovery District, Margaret Atwood has a few insights on the importance of a clean planet and the questions women can ask to further the cause.Atwood shares that in order to achieve a cleaner world, its inhabitants must respect the mission and declare themselves willing to pitch in. Female cleantech entrepreneurs and women interested in keeping a clean planet can benefit by asking questions that are different than others. Considering the welfare of children and the lives of those not yet on the planet is a perspective on a clean planet women can consider. This is in contrast to thinking about money as having a greater importance than a cleaner planet....
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Why the Remote Meetings of the Future Will Be Face-to-Face

Business
When I started BNI in 1985, the most often-asked question from the media was: “Is this networking thing just a fad?” Well, almost 34 years and more than 8,700 groups later -- it’s clearly not a fad. There have been changes over time though. The biggest change has been the introduction of the internet. Ironically, online networking has contributed to the success of face-to-face networks by greatly reducing the communication hierarchy and allowing people to communicate through online platforms (including walled gardens just for members). I saw a trend relating to the integration of face-to-face and online networking eight years ago and I wrote about it here on Entrepreneur....
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The Lesser-Known Career Barriers That Women Face

Business
There’s nothing quite like a massive workplace harassment scandal to get me feeling fired up about how women are treated in the workplace.Related: Everything Women Need to Know About Asking for a RaiseThe sexual harassment scandals that have rocked our government and the entertainment industry as of late -- quick shout out to the amazing work TIME'S UP is doing to help stop sexual harassment in Hollywood -- are, unfortunately, a problem in every industry and job type. I, for one, have been sexually harassed at work -- on multiple occasions. As, I’m sure, many of you who are reading this article right now....
DailyHum News
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10 Ways To Cut Marketing Costs Before the End of the Year

Business
One of the most important aspects of running a successful business is the need to continually market yourself. Without consistent and effective marketing, no one will know you exist.But, marketing just for the sake of marketing won’t do any good, either. You need to be doing this effectively. Your marketing efforts need to strike a balance between making adequate expenditures yet not sacrificing the cash you need for other needs.Related: 4 Ways to Boost Your Business by Cutting CostsBelow are several strategies for cutting marketing costs without killing the quality of your existing marketing campaigns. Yes! It is possible to achieve stellar marketing results, while cutting your budget....
DailyHum News
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The Student Debt Crisis, and the FIRE Movement

Business
Youngme Moon, Felix Oberholzer-Gee, and Mihir Desai discuss staggering student debt levels, the FIRE (Financial Independence, Retire Early) Movement, and share their After Hours picks for the week.Download this podcastFor interested listeners:Some recent picks:You can email your comments and ideas for future episodes to: This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloakae34836842b8f9b1a545b13722aa8d93').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addyae34836842b8f9b1a545b13722aa8d93 = 'harvardafterhours' + '@'; addyae34836842b8f9b1a545b13722aa8d93 = addyae34836842b8f9b1a545b13722aa8d93 + 'gmail' + '.' + 'com'; var addy_textae34836842b8f9b1a545b13722aa8d93 = 'harvardafterhours' + '@' + 'gmail' + '.' + 'com';document.getElementById('cloakae34836842b8f9b1a545b13722aa8d93').innerHTML += ''+addy_textae34836842b8f9b1a545b13722aa8d93+''; . You can follow Youngme and Mihir on Twitter at: @YoungmeMoon and @DesaiMihirA.HBR Presents is a network of podcasts curated by HBR editors, bringing you the best business ideas from the leading minds in management. The views and opinions expressed are solely those of the authors and do not necessarily reflect the official policy or position of Harvard Business Review or its affiliates....

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