June 20, 2019

Business

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Stretch Responsibilities

Business
Are you being pushed outside your comfort zone? In this episode of HBR’s advice podcast, Dear HBR:, cohosts Alison Beard and Dan McGinn answer your questions with the help of Jerry Colonna, a professional coach, former venture capitalist, and author of the book Reboot: Leadership and the Art of Growing Up. They talk through what to do when you don’t feel qualified for your new role, you’re covering an absentee boss’s responsibilities, or you have been assigned to lead a team but haven’t been given formal power.Download this podcastListen to more episodes and find out how to subscribe on the Dear HBR: page. Email your questions about your workplace dilemmas to Dan and Alison at This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloak1f267b63e2021b563a1fb5bc0e6564bc').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addy1f267b63e2021b563a1fb5bc0e6564bc = 'dearhbr' + '@'; addy1f267b63e2021b563a1fb5bc0e6564bc = addy1f267b63e2021b563a1fb5bc0e6564bc + 'hbr' + '.' + 'org'; var addy_text1f267b63e2021b563a1fb5bc0e6564bc = 'dearhbr' + '@' + 'hbr' + '.' + 'org';document.getElementById('cloak1f267b63e2021b563a1fb5bc0e6564bc').innerHTML += ''+addy_text1f267b63e2021b563a1fb5bc0e6564bc+''; ....
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Oil Tanker Attacks Lift Energy Stocks as Market Ends Two-Day Slide

Business
Energy stocks jumped after two oil tankers were attacked in the Gulf of Oman near the busiest shipping lane for tankers in the world. The attacks, along with data showing that OPEC production in May fell to its lowest level in five years, sent the price of oil up 2.2 percent. Shares in oil and gas producer Hess Corp. rose 2.82 percent, the biggest gain on the Entrepreneur Index™ today.Overall stock prices ended a two-day skid and the indexes posted decent gains. The Dow and S&P 500 indexes were up 0.39 percent and 0.41 percent while the Nasdaq Composite gained 0.57 percent. The Entrepreneur Index™ was up 0.48 percent on the day....
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Cannabis Companies Embrace Pride Month

Business
One of the nicer things we see in the cannabis community is the eagerness to team up with other worthy causes when opportunities present themselves. In this spirit, several cannabis companies are embracing LGBTQ+ community during Pride Month. Related: Cannabis Companies Are Thinking Ahead and Tackling Big Social IssuesThrough a partnership with GLAAD, Lowell Herb Co. is collaborating with artist Gina Rodriguez of Letter Shoppe on a piece of art that comes free with any purchase of the Lowell Pride Pack during the month of June. "Lowell wanted to go a step beyond monetary donation to GLAAD by personally supporting someone within the LGBTQ community," says Libby Dolan, Lowell Communications Coordinator. "Dina is an entrepreneurial, cannabis-positive illustrator who also identifies as LGBTQ, and we’re grateful we could support her small business and uplift the LGBTQ community by utilizing and highlighting her talent."...
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Study Finds Fewer People Are Dying on the Job Where Marijuana Is Legal

Business
Marijuana studies cover many topics, ranging from legal weed’s impact on teen usage rates and crime to whether senior citizens are moving away from prescription opioids and into medical marijuana. But a new study looks at a very different facet of marijuana use: Does legal weed have any correlation with death in the workplace?Specifically, researchers at Montana State University, the University of Colorado and American University looked for an association, if any exists, between legalizing medical marijuana in a state and the number of workplace fatalities. As the researchers wrote, there is “increasing concern that legalizing medical marijuana will make workplaces more dangerous.”...
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An Undercover Investigation Exposed Horrible Animal Abuse at a Coca Cola-Affiliated Dairy Farm

Business
The images in the video are downright disturbing: Men punching, pushing, throwing and dragging calves. Calves forced fed from bottles and beaten with them when they don't drink. One is stomped on its head. Calves separated from their mothers soon after their birth. Calves left to die in 100-plus degree weather. Calves burned and beaten with branding irons. Dead calves stacked in piles and hidden from public view. Calves crowded in trucks, then secretly sent to be slaughtered for meat.Another video revealed dairy cows being beaten if they refused to enter a milking carousel, becoming caught in the machinery and screaming for their calves....
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8 Business Titans Reveal the Best Social Media Tactics to Promote Your Company

Business
If you aren’t promoting your business on social media, you’re asleep at the wheel. Here’s what eight social media masters and Advisors in The Oracles told us about the channels and tactics that impact their businesses most.There’s definitely a science to social media. Consider what each platform can do for you and your followers. For example, I look at Twitter as an incredibly connected and trusted focus group. Instagram is a solid, stable place to communicate information and images. Creating Instagram Stories is a fun way to capture what I’m experiencing and share with people pieces of who I really am. —Bethenny Frankel, founder of Skinnygirl, cast member of “The Real Housewives of New York City,” New York Times bestselling author, and Shark on “Shark Tank”; follow Bethenny on Twitter and Instagram...
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17 Podcasts Worth Taking the 'Longer Way to Get There' Just So You Can Listen

Business
Okay, I’ll admit it. I sometimes look forward to sitting in traffic or taking a longer commute when I’m into a really good podcast. I once drove five hours and then slowly rolled into my destination because I still had ten more minutes on a podcast I wanted to finish (you can’t continue your life when you’re just about to find out who did it in a crime podcast!).Related: How to Start a Podcast With Almost No MoneyThe beautiful thing about podcasts is the variety of content out there. Whether you’re in the mood to laugh, be inspired, learn new business techniques or solve a crime, there’s a podcast out there for you....
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Kraft Rebrands Ranch Dressing as 'Salad Frosting' to Trick Kids Into Eating Vegetables

Business
A major corporation is urging parents to lie to their children.In what is decidedly not an April Fool's joke, the multibillion-dollar food conglomerate Kraft Heinz ($26 billion in sales in 2018) has launched a new product (but really, it's just ranch dressing) called Salad Frosting. The headline of the press release introducing this product is "Kraft Wants You to #LieLikeAParent.""Kraft is introducing Kraft Salad 'Frosting,' its Kraft Classic Ranch Dressing disguised in a frosting tube, giving parents a hand in upping their lie game," the release states.Related: Online Grocery Recommendations Are Lacking. 3 Young Entrepreneurs Have Created an AI-Powered Solution....
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The Company That Created Robot Pizza Trucks Is Now Pushing to Solve the Global Issue of Plastic Pollution

Business
Pizza was just the first step to saving the world, according to Zume co-founder and CEO Alex Garden. The company, makers of a robot-powered truck that cooks pizzas en route to customers, today announced it is making a major pivot to manufacturing compostable food containers.The world, particularly the oceans, are choking on plastic. Ocean Conservancy estimates that every year "8 million metric tons of plastics enter our ocean on top of the estimated 150 million metric tons that currently circulate our marine environments." In a stretch of the Pacific Ocean between Hawaii and California, there's a mass of plastic and other trash that's about three times the size of Texas. Some of this plastic will take hundreds of years to break down....
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What WeWork Can Teach You About Your Next Office Move

Business
WeWork saw the office space of the future and brought it to fruition. Outfitting coworking spaces with pingpong tables, fresh fruit and other amenities, WeWork has flipped the traditional office space on its head while becoming a $45 billion brand.Now marketing itself as "The We Company," leadership is applying that same methodology to food and retail (Made By We) and even to education (WeGrow). So why is this disruptor such a game-changer? Because it offers two crucial assets for today’s working world: flexibility and collaboration.And those assets are important in the modern world: After all, we live in a rapidly changing environment, one where young companies require physical and mental bandwidth to communicate, collaborate and evolve without a huge commitment....
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A Step-by-Step Guide To Building Your First Mobile App

Business
Why do you want to build a mobile app? Do you want to ride the wave of other entrepreneurs, or did you come across a problem that you feel you can resolve? The answer to this question will determine whether your app will be successful or not.Here is a guide to get you started, but note it may not work for everyone. This is drawn from my experience working for more than three years with entrepreneurs, helping them build and market their mobile apps. Take from it what suits your strategy best, or follow it to the hilt. The important part is to get started.Step 1: Get an idea or a problem. If you already have an app idea, move onto step two. If not, read on. Want to build an app but don’t have an app idea? What you really need are problems, and they’re everywhere!...
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KFC Is Launching Its First-Ever Vegan Fried 'Chicken' Burger

Business
KFC is jumping on the plant-based bandwagon and launching its first ever vegan fried "chicken" burger.Named the Imposter Burger, the vegan version of the fried chicken chain's Original Recipe Fillet Burger will be made from a "bespoke" Quorn fillet, coated in the Colonel's Original Recipe herbs and spices.The fillet will sit atop iceberg lettuce and creamy vegan mayo, sandwiched together in a soft glazed bun.A spokesperson for KFC confirmed to INSIDER that the Imposter Burger clocks in at 450 calories, practically the same as the chicken equivalent at 475 calories.The Imposter Burger will also contain a respectable 18.8g protein, which although less than the 29.7g of its chicken counterpart, is a decent amount for a vegan patty....
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What the Entrepreneur's Modern Approach to Fatherhood Should Be

Business
The term “father” to me has always had a low bar. Even the best portrayals in the media are likely to show men who value work over family, so that that family feels blessed just having his presence.Related: How Does Your Parenting Technique Compare to Elon Musk's, Sheryl Sandberg's and Jeff Bezos'?The worst portrayal, meanwhile, is of an angry individual whom the family simply tries to not disturb. So, often, we'll see a hybrid of a drunk and an angry 1950s door-to-door salesman. Or we'll see a character like Bobby Axlerod on Showtime’s Billions, who shows up in a helicopter to his sons' baseball games, yet doesn't visit the kids more than once a month....
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World's Largest Beer Brewer Sets Up Cybersecurity Team

Business
If a reminder were needed that nobody is immune to the threat of cyberattacks, the world's largest brewer of beers has felt the need to establish its own cybersecurity division.Anheuser-Busch InBev (AB InBev) controls over 400 different brands of beer including Budweiser, Corona, Stella Artois, Beck's. Hoegaarden and Leffe. It's a huge player in the market as a multinational drinks company, and as Reuters reports, it felt the need to protect itself from attack. The company's solution is to setup a dedicated cybersecurity unit in Israel, which is widely viewed as a leader in online security and threat detection....
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This Media Mogul Explains His Surest Way to Success for Young Entrepreneurs

Business
In this video, Entrepreneur Network partner Alex Ragir talks with Mickey Meyer, the president of the Group Nine Media network. Meyer admits he never saw himself as a businessman, though along his journey, he gradually developed a love for managing. Meyer advises young entrepreneurs to find the one thing they are passionate about. By following something you enjoy and "pulling the thread," as Meyer says, your efforts will lead to success eventually. If you are able to pinpoint your passion, everything else will be much easier.Click play to hear more from Alex Ragir and Mickey Meyer.Related: This Media Company Used Hip Hop and Sneakers to Attract 55 Million Viewers and Sell for Over $250 Million...
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Smartphones Have Officially Crushed Digital Cameras

Business
There's always an industry group that has to track how well things are going in a certain area of tech. The offices at the Camera & Imaging Products Association (CIPA), which includes Olympus, Casio, Canon, Kodak, Sony and Nikon, probably weren't a fun place to be in that regard since, oh, 2008 or 2010, depending. That's when -- after the camera industry had seen nothing but growth since 1951 -- things took a downward turn. You can see it above in the chart from our partners at Statista.After a little spike in 2010 up to an all-time high in camera sales of 121 million units, down things went again. Digital cameras (mixing both those with built in lenses and interchangeable lenses) have dropped 84 percent in shipments (from CIPA members) since 2010. At 19.4 million shipments last year, that's lowest number since 2001. While it mostly impacts portable compact cameras, high-end interchangeable lens camera shipments have shrunk as well....
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22 Successful Entrepreneurs Share What Inspires Them to Keep Going

Business
There is no one right way to get inspiration. It is deeply personal and derives from what is important to and what drives you. But no matter where you find it, it is often an integral part of what keeps you going when times get tough.We asked 22 entrepreneurs to open up about the things, actions and people that make them engaged and wanting to make a difference.Here is what they had to say.Name: Harper ReedCompany: Modest (now PayPal)Inspiration:The democratization of access, of giving people opportunities. One of the main reasons I was so excited when we sold our company to PayPal is because PayPal has been doing this for a while: giving people access to things only large companies with resources and wealth are able to accomplish. Hearing our CEO speak about these things is inspirational, because he believes that this is a huge part of PayPal....
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Don’t Read the Comments: Katie Rosman’s Survival Guide to Journalism in the Social Media Age

Business
Listen and subscribe to this podcast via Apple Podcasts | Google Podcasts | RSSAward-winning New York Times features reporter Katie Rosman writes about some of the most “now” issues that her paper will cover — scrums on Twitter, the fleeting fame of influencers, and flare-out fashion trends. But she’s also hosted “news clubs” and other social events designed to not only foster meaningful dialogue among those who consume news in the age of outrage culture, but to also encourage it to be consumed more thoughtfully. As a journalist for one of America’s oldest surviving newspapers, Rosman is very mindful that we’re living in an era of media disruption — and has hopes and fears for what the democratization of the printed word will mean for journalistic integrity, social interactions, and global attitudes....
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5 Last-Minute Sales Strategies to Onboard New Clients In a Week's Time

Business
Do you have enough clients? You almost surely don’t. A business is like a shark -- it has to keep moving forward; otherwise it dies. If you’re not constantly adding new clients, you’ll be caught off guard if your old sources of income dry up.Related: Long-Term Customer Loyalty Starts (or Ends) With Your Earliest InteractionsThat's why, when the end of the month has arrived, the bills are due, and the revenue’s just not where it should be, it’s time to find some new clients as fast as possible.True, if you’re stuck trying to find new clients at the last minute, it’s not the end of the world. You’ll have to work hard to onboard anyone new. But that will be possible if you know what you’re doing. Here are some solutions to take:...
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Don't Make These 3 Mistakes When Sending a Cold Email

Business
Is no one answering your cold emails? You might be making these common mistakes to make your cold emails less effective. Your buyer personas aren't crystal clear. The importance of targeting the right people when sending sales emails can’t be overstated. Drill down to find out who wants your product or services and who is willing to pay for it early on.You don't A/B test delivery time. The biggest mistake most people make is neglecting to recognize that timing plays a role in getting a response. Once you start A/B testing, you’re more likely to find and pick a right one.Are you committing any of these cold email mistakes?...
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Learn How to Effectively Scale Your Content Marketing

Business
When you’re scoping out your competitor’s sites, it’s easy to see who’s put the time and effort into content marketing and who’s let it slip by the wayside. Sites with strong content marketing have lively blog posts, eye-catching graphics, and videos that create a cohesive message about the company.If you’re new to content marketing, putting all of the pieces together can seem like an insurmountable task. The Complete Content Marketing Master Class Course covers everything you’ll need to create a site that your customers will bookmark.In just five hours of instruction, you’ll learn how to reach your business goals with content marketing. Creating customer personas will help you gain an in-depth understanding of your target demographic, so you can make a plan for what type of content they’ll enjoy the most....
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The Steps of Creating Your Buyer Blueprint

Business
The following excerpt is from Scott Duffy’s book Breakthrough. Buy it now from Amazon | Barnes & Noble | Apple Books | IndieBoundIn the end, business is all about the customer. You can break through and take your product to market, but you can’t make them buy it. Therefore, you need the right product for the right buyer.The biggest mistake salespeople make is selling the wrong thing. They either push what they think is most important about their product or service or what their boss has told them to sell. When the prospect says no, they don’t understand why. It’s because the seller never asked what the prospect wanted -- he didn’t understand their buyer blueprint. ...
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How to Make Millions With a Piece of Paper and a Pencil

Business
Rob Angel, creator of the famous boardgame Pictionary, discusses how he came across the idea, as well as some of the trials that came with turning that idea into a business. Rob provides some insight on the importance of breaking the entrepreneurial journey into small tasks, how to get financing when beginning a business and how to pick partners, as well as how to manage wealth and continue finding fulfillment after attaining success.Angel and The Playbook podcast host David Meltzer share their thoughts on topics such as the importance of being open to acting on new ideas, getting "back to center," being intentional when taking on new ventures and learning to manage wealth....
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Where Women-Led Companies’ Benefits Programs Fall Short

Business
Research shows there is a strong link between treating your employees well and top-line revenue performance, but a recent survey of female entrepreneurs shows that women-led companies around the world aren’t offering the progressive benefits programs necessary to attract the workers they say they need.In the survey conducted by the Women Presidents Organization and EY — which included more than 303 women in 25 industries across 26 different countries — less than 60 percent offered employees maternity leave and only 51 percent offered parental leave. About 25 percent offered flexible working arrangements, such as telecommuting, or tuition reimbursement. Despite this, more than 35 percent regarded recruitment and retention of talent as the biggest obstacles they faced in scaling their companies and more than 40 percent said that having top managerial talent is essential for them to be able to make big strategic decisions and work on what’s next, instead of being mired in day-to-day operations....
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Why Every Company Needs a Chief Experience Officer

Business
Customer experience and employee experience are now two of the driving forces of business. Independently, each function leads to valuable relationships — with customers and employees — but when CX and EX are managed together, they create a unique, sustainable competitive advantage. Companies should consider integrating the two disciplines and installing a Chief Experience Officer to lead the combined effort across the entire organization.CX has become the new marketing. It influences brand perceptions and impacts business performance just as strongly as traditional marketing such as media advertising and price promotions once did. A good customer experience makes a person five times more likely to recommend a company and more likely to purchase in the future. Forrester reports that 76% of executives say improving CX is a high or critical priority and many companies have established a C-level position to oversee it....
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How to Market a Product’s Unexpected Benefit

Business
Companies often discover that their product delivers unintended benefits. For example, popular beauty brand StriVectin found during product testing that their stretch-mark cream could also reduce wrinkles. Some of the prospective consumers who were handed the topical cream samples ended up using it as a facial moisturizer, claiming that it made them look ten years younger. A recent study found that Viagra unexpectedly reduced the risk of heart attack for patients with Type-2 diabetes. Botox, which was approved for cosmetic use in 2002, was unexpectedly found to alleviate migraines. Some companies find out about unintended benefits from customers’ reviews on sites like Amazon; for example users discussing Omega-3 pills purchased for cardiovascular health were found to be effective in softening skin, and a weight loss supplement was found to improve sleep. How should marketers tout these features?...
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3 Warning Signs That Your Startup Isn't Positioned to Secure Funding

Business
If you throw a rock in Silicon Valley, chances are you’ll hit an artificial intelligence or augmented reality startup. Right now, there are quite a few smart people trying to break into these fields and turn their products into the next big thing in tech. This is also the case in many other fields and markets.This is exciting in the big picture. But for entrepreneurs on the ground, it means that standing out from the crowd is increasingly difficult — especially when it comes to attracting investors.This makes it especially notable, then, that a new AI/AR startup called Artie is attracting so many high-profile backers, such as media mogul Jeffrey Katzenberg and YouTube co-founder Chad Hurley. Artie has already secured funding in the mid-seven figures for its seed round....
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The Woman Behind the Scenes at Cannabis' Biggest Private Equity Fund

Business
When Merida Capital Partners Managing Partner, Mitch Baruchowitz, recruited Daisy Mellet to join the team, Merida Capital had team members and Assets Under Management (AUM) of $7 Million. Within 14 months of Mellet’s hiring, Baruchowitz, Mellet, and the Merida team grew the firm to more than $125 million AUM, quadrupled its number of employees.Merida is now considered to be the largest private equity fund focused on cannabis and is launching a third fund to raise an additional $200 million for investment in the cannabis industry. That huge growth required a highly organized and professional infrastructure....
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How These Minority Founders Got Tech Execs to Put Their Money Where Their Mouths Are

Business
When it comes to diversity, tech companies talk a big game. Their spending, however, tells a different story.Late last year, Melinda Gates and McKinsey & Company released a report on how tech firms spend their philanthropic dollars. What they discovered is that barely 5 percent of companies’ charitable donations went to groups that promote women and girls in tech. Stunningly, less than 0.1 percnet of their grants supported programs for women of color.Tech executives happily pay lip service to diversity, but precious few financially support underprivileged groups. It isn’t fair -- and it certainly isn’t easy -- but minority entrepreneurs have to work harder than others for a spot on tech companies’ balance sheets. gWhat can minority founders do to earn tech companies’ trust? Four strategies stand out:...
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That Time Disney Rejected A Woman Job Applicant...Because She Was A Woman

Business
Once upon a time a woman applied for a job at a big company that everyone knows.But, as Alyssa Rosenberg at ThinkProgress writes, the woman was unfortunately rejected. Not because she was unqualified. But because she was a woman. The woman's name was Mary Ford and the company was Walt Disney Productions. The rejection letter, which can be seen here, went like this:The letter was signed by a Mary Cleane. Another woman. It was written in 1938.If you're a female entrepreneur, business owner or employee, does this letter make you angry? It shouldn't. It should make you very, very happy. Why? Because it's clearly not 1938 anymore....
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Amazon Shareholders Rejected Employees' Call To Respond To Climate Change

Business
Amazon shareholders rejected a proposal to develop a plan to respond to climate change during the company's annual meeting on Wednesday. The proposal had gathered the support of nearly 7,700 employees across the company.The resolution would have required Amazon's board of directors to prepare a public plan for "disruptions posed by climate change" and how the company will reduce its dependence on fossil fuels.Dozens of shareholders attended the shareholder meeting dressed in white. They stood up while Emily Cunningham, a user experience designer and member of Amazon Employees for Climate Justice, addressed her comments to CEO Jeff Bezos, who was not onstage during the meeting. "Speed is everything," she said. "Without bold, rapid action we will lose our only chance to avoid catastrophic warming. There’s no issue more important to our customers or our world than the climate crisis, and we are falling far short."...
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US Universities And Retirees Are Funding The Technology Behind China’s Surveillance State

Business
HONG KONG — Princeton University and the US’s largest public pension plan are among a number of stateside organizations funding technology behind the Chinese government’s unprecedented surveillance of some 11 million people of Muslim ethnic minorities.Since 2017, Chinese authorities have detained more than a million Uighur Muslims and other ethnic minorities in political reeducation camps in the country’s northwest region of Xinjiang, identifying them, in part, with facial recognition software created by two companies: SenseTime, based in Hong Kong, and Beijing’s Megvii. A BuzzFeed News investigation has found that US universities, private foundations, and retirement funds entrusted their money to investors that, in turn, plowed hundreds of millions of dollars into these two startups over the last three years. Using that capital, SenseTime and Megvii have grown into billion-dollar industry leaders, partnering with government agencies and other private companies to develop tools for the Communist Party’s social control of its citizens....
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Amazon Prime Members Can Now Get One-Day Shipping On Millions Of Items

Business
Amazon Prime members can now get their online orders within a day with the rollout of one-day delivery on more than 10 million items, the company announced Monday.The announcement comes after the company said it is investing $800 million dollars in its fulfillment network to increase the speed of its standard Prime delivery from two-day shipping to one-day shipping.Amazon’s free one-day delivery is available to Prime members in the US. The service requires no minimum purchase amount and applies to those 10 million select items. Amazon plans to add more one-day-shipping–eligible products and expand its delivery areas. It will also continue to offer Prime Now and same-day delivery, as well as millions of items for two-day delivery....
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As Stores Scramble To Deal With China Tariffs, Their Competitors Expect To Benefit

Business
Some US stores may actually stand to benefit from Trump’s trade war. While retailers from Target to Macy’s warn that the administration’s escalating tensions with China will hike up prices for consumers, discount and off-price retailers who source their products from other countries say upcoming taxes on Chinese imports will have a minimal effect on prices. Some businesses are even claiming the hikes may actually be a boon to their companies.In May, the administration raised the tax to 25% on a large list of goods imported from China. The taxes affect items ranging from clothespins to coats to knitted gloves to shoes to glassware. But off-price retailers who source their products domestically and from other countries, like Vietnam, may end up with fewer bruises, Neil Saunders, an analyst at GlobalData Retail, told BuzzFeed News....
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All The Women In This Photo Of ‘Tech Titans’ Were Photoshopped In

Business
Last week, men’s lifestyle magazine GQ published this photo of Silicon Valley executives including LinkedIn founder Reid Hoffman and Dropbox CEO Drew Houston from their pilgrimage to a small village in Italy to visit Brunello Cucinelli, a luxury designer famous for his $1,000 sweatpants.But if you think something looks a little off in this photo, you’re right: a BuzzFeed News “investigation” reveals that two women CEOs, Lynn Jurich and Ruzwana Bashir, were photoshopped into what was originally a photo featuring 15 men.The doctored photo, posted on Cucinelli’s own Instagram account on May 30, served as the lead image for GQ’s June 4 story about the “Solomeo Summit,” a visit of luminaries from “perhaps the most swagless realm in the land” to Italy’s finest cashmere craftsman. “In many ways, Brunello is an entrepreneur right out of Silicon Valley,” Nextdoor cofounder Nirav Tolia, the organizer of the trip, told GQ. “There [were] people in the group who do not wear Cucinelli, they don’t care about the clothes. But they can absolutely appreciate Brunello’s track record as an entrepreneur.”...
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Tesla's June Rebound Hits a Speed Bump

Business
Stock prices fell for a second consecutive day, though losses were modest. The Dow and S&P 500 indexes fell 0.17 percent and 0.20 percent respectively and the Nasdaq Composite was down 0.38 percent thanks to weak technology stocks. The Entrepreneur Index™ closed the day down 0.11 percent.It was a rough ride for the technology sector. Trade-sensitive chip-maker NVIDIA Corp had the biggest decline in the sector, dropping 3.02 percent. The Trump administration confirmed yesterday that no preparations were being made for a resumption of trade talks with China at the end of the month.Facebook shares also fell 1.72 percent after the Wall Street Journal reported that the company had found emails linking CEO Mark Zuckerberg to Facebook's controversial privacy practices. The Federal Trade Commission is investigating the company's sharing of user data with Cambridge Analytica and whether that violated a consent decree signed with the agency in 2012. The other FAANG stocks on the index were also down with Netflix (-1.63 percent) falling the furthest....
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Kroger to Sell CBD Products In 17 States

Business
Kroger Co is the latest company to introduce CBD products to its U.S. store shelves.The grocery chain's corporate affairs manager for its Michigan division, Rachel Hurst, said the company will begin the rollout this week in 17 states, according to The Detroit News.Kroger's decision to sell CBD lotions, oils and other products makes it the latest major American chain to get involved with the products. Others to recently enter the market include convenience store chain Sheetz, which announced in May 2019 that it would begin selling CBD at over 140 locations in the U.S. Others new CBD retailers include Walgreens Boots Alliance Inc and CVS Health Corp....
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10 Job Search Tips to Help You Find Your Best Opportunity Every Time

Business
If you’ve found yourself on the hunt for a new job a few weeks into the new year, you’re far from alone. According to job search platform Glassdoor, in 2018, 38 percent of U.S. adults were currently planning or actively looking for a new gig. The two central questions that are often at the top of people's minds during this process are: Is this job the right fit and how do I set myself apart from the crowd?The company developed a series of strategies to help make the job hunt process as productive and successful as possible. Check out the top 10 tips below.Related: Glassdoor's Best Places to Work for 2019...
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More Than 150,000 U.S. Small-Business Websites Could Be Infected With Malware at Any Given Moment. Here's How to Protect Yours.

Business
It was March 2, 2016, and Melissa Marchand’s day on Cape Cod started out like any other. She drove to her job at Hyannis Whale Watcher Cruises in her mid-size sedan, picked up a latte with 1 percent milk at her local coffee shop and sat down at her desk to check her email. Then, Marchand got the call no website manager ever wants to receive: The site was down, and no one knew how to fix it.After she dialed up the web hosting provider, the news went from bad to worse: Whales.net had been hacked and, to her horror, all visitors were being redirected to porn sites. Google had even flagged the company’s search results, warning potential customers that the site may be hacked....
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She Was Told 'No' 100 Times. Now This 31-Year-Old Female Founder Runs a $1 Billion Business.

Business
Editor's Note: Entrepreneur's "20 Questions" series features both established and up-and-coming entrepreneurs and asks them a number of questions about what makes them tick, their everyday success strategies and advice for aspiring founders.So much of success is knowing when to stay the course, even when you’re met with rejection after rejection.30-year-old Melanie Perkins has been launching creative businesses since she was a teenager. Her first venture, designing and selling handmade scarves to sell in her hometown of Perth, Australia, was launched when she was just 14. At the age of 22, Perkins founded her next company, an online system for schools to design their yearbooks called Fusion Books. Today, Fusion Books is the largest yearbook publisher in Australia and has a presence in France and New Zealand....
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How to Determine Whether a High-Paying Project Might Actually Be Wrong for You

Business
In this video, Entrepreneur Network partner Jeff Rose discusses one rare case where he turned down a $90,000 project. Jeff Rose explains that he often gets paid to write blog posts for up to $1,000 per post. He has a ghost writer create the first drafts, then he edits them. As Rose's influence and social media profiles have risen, the price for his content and social media posts have risen, too; he even recalls a a recent project where a brand asked to partner with him for $90,000. Though the sum was impressive, Rose decided to turn down the project because he needed to balance his priorities. ...
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Shannan Monson on Why There's Never Been a Better Time to be a Woman With a Vision

Business
In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Shannan Monson, a business strategist for female entrepreneurs. It was condensed by The Oracles.Who are you? Shannan Monson: I help service-based female entrepreneurs create scalable revenue. I started as a personal trainer and wellness coach before transitioning to helping women build their own businesses.I made the shift because I saw so many passionate experts stuck in the one-to-one business model. I am obsessed with my work because I think women have really low expectations for their earning potential as a general rule. We’re not as bold about asking for more, so I help women shift their mindsets from solopreneur to CEO....
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What I Learned After One of the World's Leading Brands Acquired My Startup

Business
As the CEO of a public company, your job is twofold: ensuring profitability and protecting shareholders. That’s likely a big reason why the board of Silicon Valley darling Snowflake Computing recently named Frank Slootman its new CEO. The ex-Greylock Partners VC has already taken two tech companies public, and his appointment as CEO of Snowflake Computing suggests an IPO may be just around tthe corner.That shake-up at the data storage firm provides yet another example of why startup founders considering selling or even taking on additional shareholders should think carefully about what they’re trying to accomplish. All entrepreneurs must understand that a company's goals will change after an acquisition or the sale of a large portion of equity. And when goals change, people frequently change....
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Leadership Techniques That Build Unstoppable Teams

Business
Let’s get something straight before we go any further: teams always beat groups of individuals. Want to accomplish the impossible? Build a team. Looking to turn around a hopeless situation? Fire up a team. Trying to launch a new-to-the-world idea? Yep, you guessed it, a team is what you need. Turning a startup into a success only happens with hard work, determination and a team. Yet, somewhere along the journey between sketching out the world-beater idea on a napkin and turning that idea into reality, many entrepreneurs lose sight of the fundamentals that will bring them to the promised land of viability and profitability....
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Why the Pomodoro Technique Is Failing You

Business
From replying to customer emails to planning the next marketing campaign, entrepreneurs are constantly juggling the various needs of their business to propel it forward. But by being pulled in so many directions, it is easy for a founder to lose hours, if not days, trying to get everything done.Related: Recapture a Few Precious Minutes Each Day With These 4 TipsTo help with productivity, some have sworn by the Pomodoro Technique, a strategy that uses a timer to break down work into intervals, traditionally 25 minutes in length, separated by short breaks. The idea is that by giving your mind a mini break, you can reset it and be able to focus more at the task at hand....
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Why Today's Price Wars Are Ecommerce's Biggest Mistake

Business
Online shoppers no longer look for the best prices -- they expect them. Price comparison tools and market saturation means that price is the point of difference that ecommerce customers care about most. In turn, profit margins continue to shrink as the industry competes on price to secure shoppers.Related: 5 Tips for Setting Your Optimum PriceAnd this is a problem, because this commoditization of ecommerce has reached a tipping point where online customer experiences have become the same across many retailers, making the experience customers have with them almost indistinguishable. And when processes are the same, price becomes the sticking point....
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This Instagram Influencer Says It 'Really Sucks' That She Was Attacked for Posting From the Chernobyl Nuclear Disaster Zone

Business
An Austrian Instagram influencer has defended her trip to Chernobyl after she was attacked for posting from the nuclear disaster zone.Julia Baessler has 320,000 fans on the Facebook-owned social network -- a following that has helped her unlock partnerships with companies like Monster Energy, alongside her twin sister, Stephanie.She has visited the Chernobyl Nuclear Power Plant and parts of the surrounding exclusion zone more than once in recent months, with her most recent trip coming in May.During this latter visit to Russia, Baessler was given access to the control room for the No. 4 reactor, which exploded with catastrophic consequences in April 1986....
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AI’s Near Future

Business
Listen and subscribe to this podcast via Apple Podcasts | Google Podcasts | RSSFor Jürgen Schmidhuber, a recognized pioneer in AI, artificial intelligence is much more than another technological revolution. He sees it as the opportunity to transcend humanity and biology. In this conversation, Jürgen and Azeem Azhar discuss what the next thirty years of AI will look like.Jürgen and Azeem also discuss:Download this podcastFurther reading:Jürgen Schmidhuber Azeem Azhar @azeem www.exponentialview.coHBR 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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Stories to Watch This Summer

Business
Listen and subscribe to this podcast via Apple Podcasts | Google Podcasts | RSSWrapping up Season 2, Youngme Moon, Felix Oberholzer-Gee, and Mihir Desai count down the top stories they’ll be keeping an eye on over the summer. A note for listeners: After a summer hiatus, After Hours will return for Season 3 in the fall.Download this podcastSome 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('cloakecb1c70ce72b99aeee201b46240c5f7d').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addyecb1c70ce72b99aeee201b46240c5f7d = 'harvardafterhours' + '@'; addyecb1c70ce72b99aeee201b46240c5f7d = addyecb1c70ce72b99aeee201b46240c5f7d + 'gmail' + '.' + 'com'; var addy_textecb1c70ce72b99aeee201b46240c5f7d = 'harvardafterhours' + '@' + 'gmail' + '.' + 'com';document.getElementById('cloakecb1c70ce72b99aeee201b46240c5f7d').innerHTML += ''+addy_textecb1c70ce72b99aeee201b46240c5f7d+''; . 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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Do You Trust Your Employees? Your Office Might Be Telling Them Otherwise.

Business
You don't have to be a management guru to know that companies perform better when employees and managers trust one other.Related: The Open-Office Concept Is DeadThe data back up this seemingly obvious intuition -- and then some. Metrics on trust make up two-thirds of the criteria Fortune magazine uses in its list of the "100 Best Companies to Work For." Those companies post average annual returns that are triple those of the S&P 500.Of course there are plenty of ways to foster trust at work, from company retreats to transparent decision-making processes. But one strategy that's often overlooked is thoughtful workplace design. Office layouts that build trust give employees control over their workspaces -- and allow them to dictate how and where they'll do their best work....
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Licensing Cannabis: A Giant Step Forward

Business
What do you get when you marry one of the largest product trends in recent decades with one of the most respected business growth strategies?Opportunity.For the first time in its 35-year history, Licensing Expo -- the world's largest and most influential brand licensing event, which took place in Las Vegas last week -- expanded to include cannabis wellness companies in its lineup. The Hemp & Cannabis Marketplace featured 12 brands in the cannabis wellness space displaying products for ranging from chocolates, skin care and personal lubricants to infused olive oils, healing balms and more, for consideration to further penetrate the mainstream market via licensing partnerships....
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New York Cannabis Community Mourns Longtime Advocate Doug Greene

Business
The New York cannabis community lost one of its most vocal proponents when Doug Greene, 52, was fatally struck by an A train subway June 4. It is unclear how he found himself on the tracks.Greene’s passing leaves a void in the cannabis community. He specialized in bankruptcy law by day and fought for cannabis rights with most of his other time for more than 30 years, including serving as the legislative director for the Empire State NORML chapter. He was a constant fixture at rallies, protests, hearings and gatherings in the state, often serving as a speaker and always a supporter.The news of his passing sparked a slew of dedications on social media. Many cited his passion for the plant as well as his ability to endear himself to those around him. Pictures of Greene protesting in the cold, speaking on stage and gracing the cover of Crain's Jan. 28, 2018, edition were included along with countless accounts of how he inspired and helped others through the years....
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This Amazing Tool Can Make Changes in the DNA of Any Living Organism

Business
In this video with Entrepreneur Network partner Mars Discovery District, University of Toronto Assistant Professor Karen Maxwell describes the transformative uses for CRISPR, which can modify DNA by acting like a pair of molecular scissors, chopping up viral DNA. For example, CRISPR can affect agriculture by increasing growth yields and drought tolerance. Already, the tool is producing rice crops in China with a 25 percent higher yield. CRISPR is also a key tool in improving human health by reducing genetic diseases in families. Moreover, CRISPR has the ability to fight against infectious diseases, such as malaria and the Zika virus. ...
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Entrepreneur Insider Video of the Week: Accelerate Your Entrepreneurial Journey

Business
The journey of growing a business can be more predictable than most people think. There are certain problems and frustrations that come along regularly, as well as strategies for overcoming them if you're aware of the journey ahead.Related: Entrepreneur Insider Video of the Week: Management Mess to Leadership SuccessAfter interviewing and working with thousands of entrepreneurs and leaders, Daniel Priestley and his team at leading business accelerator Dent Global noticed some strong trends around the problems and payoffs along the way. Based on research, experience and insights from big data, these lessons can be invaluable for any business -- and it's worth knowing where you currently are in your own entrepreneur journey before you can strategically plan and move forward. In this workshop, Priestley explains what you need to do at each stage to accelerate the growth of your business....
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Alex Morgan's Sleep Habits That Set Her Up for Success

Business
This story has been updated.Alex Morgan put five balls in the back of the net during America's 13-0 drubbing of Thailand in the Women's World Cup, tying the record for the most goals scored in a Women's World Cup game. Not too shabby!Last year, Entrepreneur spoke with the soccer star about the habits, both physical and mental, she utilizes to set herself up for success. At the top of her priorities: sleep and recovery. “I abuse my body every day for my job on the pitch,” she told Entrepreneur, “so it is vital to me to feel rested and recovered when I wake up.”To that end, Morgan partnered with Molecule, makers of a high-tech sleep system and recovery engineered for athletes. “It’s an honor to have Alex join our team of Molecule athletes that includes Tom Brady and Russell Wilson," says the company's founder and CEO Albert Oh. "Alex takes her recovery just as seriously as she does her training, and it reflects on her performance and her position as one of the leading athletes in the world."...
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Where to Find Angel Investors (60-Second Video)

Business
Ah, angel investors! Investopedia explains that, as their name implies, angels usually provide more favorable terms compared to other lenders, since they’re interested in supporting great people and ideas rather than simply making big profits. So where do you find angel investors?Good luck!Watch the next 3 Things to Know video ...
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Get a Handle on Your Finances With Help From This Course

Business
Knowing how to manage your personal finances is a must-have skill for every adult. It’s especially important if you’re launching your own business — if you don’t know how to manage the money you already have, how can you keep your new endeavor in the black?If your personal finance skills could use some help, The Complete Personal Finance Course will teach how to protect what you have and make more than you ever imagined.The three pillars of this course are Saving Money, Protecting Money and Making Money. You’ll have a full 12-1/2 hours of content to get your cash flow under control. Learning how to analyze and decrease your expenses comes first, then you’ll discover more than 100 ways to save money....
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This Family Photo Keeps the Edible Arrangements Founder Focused on Growth

Business
This story appears in the June 2019 issue of Entrepreneur. Subscribe »In 1986, when I was 17, I bought a tiny, 600-square-foot flower shop with a loan from a family friend. My mother was my first employee. I would drop her off on my way to high school and come back afterward to run the shop. She’d made it only through the fifth grade in Pakistan, but during those early days, when we would sometimes struggle just to make $100, she was instrumental in teaching me the fundamentals of success. When I began testing the idea of selling bouquets out of fruit cut into various shapes, people thought I was crazy, and it was impossible to get bank financing. But the first time my mother saw an arrangement, she got it. “That is amazing,” she told me. “This is going to be big.” So I kept going. In March 1999, I opened the first Edible Arrangements store. It was Easter, and we had 28 orders. We thought we had hit gold. My mother gave me a big hug, and someone snapped a photo....
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The 4 Most Helpful Reports You Can Run Using Amazon Ad Data

Business
The following excerpt is from Timothy P. Seward’s book Ultimate Guide to Amazon Advertising. Buy it now from Amazon | Barnes & Noble | IndieBound | Apple BooksTo make optimizations in your Amazon Advertising account, you must first pull together the data you’ll need. The data in the Amazon interface is fragmented, so you’ll need to grab data from multiple reporting menus and compile it in a meaningful way before you can analyze it.Most reports available on Amazon tie back to Sponsored Products ads because they’re Amazon’s oldest and most established ad format. In addition, because Sponsored Products ads take shoppers to a single product detail page, reporting on product performance is much easier....
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Why Emotional Intelligence Is a Competitive Advantage for This Entrepreneur

Business
In this video, Entrepreneur Network partner Business Rockstars talks with Jasmine Foroutan, the CEO of Pitch Genius, about how she helps women founders with their pitching skills and the advice she gives to aspiring entrepreneurs. Foroutan recommends running with the initial momentum of a great idea and encourages women entrepreneurs to apply their distinct strengths in the business world.She describes how women are often naturally good communciators and innately empathetic. She recommends women entrepreneurs harness these skills, and then maximize them to make their burning business ideas a reality....
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Stop Lying to Job Candidates About the Role

Business
Too many hiring managers avoid telling candidates the truth about a job. Their logic is that if applicants find out how hard they will work or how boring the core of the open jobs are, they will walk away. This is a mistake. To hire effectively, you have to be honest about what working at your firm is like and what it takes to be successful.The interview process should be about finding a genuine fit. If a candidate doesn’t think they match up with your company or the role, they are probably right. Having them decline the role will save you from wasting substantial time and resources on onboarding, training, and starting to rely on a bad hire, who will probably leave prematurely anyway. The real costs of a hiring mistake are surprisingly significant....
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Business as Usual Will Not Save the Planet

Business
The United Nations’ 17 sustainable development goals (SDGs) were explicitly designed to engage the private sector in addressing the world’s most pressing challenges. Four years into the UN’s 15-year timeline, the question is whether companies are advancing serious solutions or are simply embarking on a massive global public relations charade. Unfortunately, our internal research points to the latter. A dramatic and immediate change in direction by both companies and the UN will be essential if there is to be any chance of avoiding an embarrassing failure. The we describe in this article offers the necessary steps to reverse course and deliver urgently needed progress....
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5 Brand Marketing Tips Every Brand Can Learn From the NBA

Business
The love for sports is global, but the ability that the National Basketball Association has shown in growing into such a global force cannot be attributed solely to the fact that people love the sport. It has a lot more to do with some serious marketing brilliance on the part of the NBA.The NFL may still have the upper hand in the numbers for general season income and attendance, but with the growth trends in the NBA in the last decade, it is little wonder they have the NFL looking over their shouldersThe NBA has positioned itself for global dominance and there is no reason you cannot steal a page from their book. Here is how you can position your brand with some amazing marketing;...
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The Budding U.S. Cannabis Industry Needs Normal Access to Business Banking and Insurance

Business
The rate of legalization for medicinal and recreational marijuana across the United States can feel very slow -- and precarious.Every couple years, several more states pull back restrictions. But at the Federal level, marijuana in all its forms remains a Schedule I drug, alongside the likes of heroin. This misleading categorization persists despite findings from Pew Research that 62 percent of Americans want cannabis legalized, according to an October 2018 study.Before that number can grow much larger, however, shifts toward widespread acceptance must occur on a corporate level, not just individual. Examples of laggards and early adopters exist even among businesses. In fact, several key industries continue to be reticent to provide services to cannabis-related businesses, even in states like Colorado where marijuana is fully legal and commonplace....
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Entrepreneur Elevator Pitch Season 4 Episode 3: 'She Nailed That One'

Business
Entrepreneur Elevator Pitch invites ambitious entrepreneurs to step into the Entrepreneur Elevator, then gives them 60 seconds to pique the judges’ interest. It’s a high-pressure, fast-paced environment in which startup founders need to race the clock while maintaining their composure to make a clear, deliberate pitch that covers at least three essential components:The investors watch the pitch through a video livestream while the elevator ascends to the boardroom floor. Once the 60 seconds are up, the group votes on whether to open the doors or send the founder back down and pass on investing....
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Tesla Stock Continues June Rebound as Shares Rise Again

Business
Stocks opened higher but fell through most of the day. The indexes ended the session with declines of less than 0.1 percent. The Entrepreneur Index™ fared slightly better, closing the day with a gain of 0.08 percent.Tesla had another good day, posting the biggest gain on the Entrepreneur Index™. It was up 1.98 percent after Morgan Stanley analyst Adam Jonas suggested that investors were undervaluing the company's potential upside from its autonomous driving technology. Earlier this year, CEO Elon Musk said that autonomous driving fleets of Teslas would eventually give the company a market cap of $500 billion. The shares are up more than twenty percent in June after losing nearly fifty percent of their value in the first five months of the year....
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How These Influencers Launched an Event to Combat Procrastination

Business
In this latest episode of Leaders Create Leaders, Entrepreneur Network partner Gerard Adams speaks with Emile Steenveld and Joel Brown about their Bali retreat, Elevate, which focuses on helping influencers develop their personal brands.The three influencers talk about a common theme that often comes up with those they help -- procrastination. Procrastination was one of the particular obstacles that Steenveld and Brown hoped to combat when they started Elevate.The group also talk about some of the leading spiritual problems that people deal with. Steenveld and Brown stress that you shouldn't attach labels to yourself, especially those that limit growth and stand in the way of your true passion....
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Colorado Lawmakers Clear Path for Cannabis Cafes, Pot Delivery

Business
New laws in Colorado will allow state residents to order pot delivered to their house and give businesses the chance to apply for a license to run a “cannabis cafe” where people can legally use marijuana.Both laws have the potential to substantially change the marijuana industry in Colorado, the first state to legalize recreational marijuana in 2012. However, there is a catch to the bills signed into law by Gov. Jared Polis.Local jurisdictions will have to opt into the new law allowing cannabis cafes. And local cities and counties could also ban delivery of cannabis within their borders. Neither law is going into effect until 2020....
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Why Perfection Can Get in the Way of Happiness

Business
In this video, Entrepreneur Network partner, Jack Canfield explains that someone else's ideals shouldn't affect your own happiness. Instead, he says that in order to achieve happiness, you should create focused goals for yourself. Start by determining what you really want in life, whether that means having a high-profile career, time to spend with family or something altogether different. Your social circle and relatives should not decide what is right for you, only you can decide.Click the video to hear more from Jack Canfield on the difference between happiness and perfection.Related: Are You Still on the Right Track? Here Are Some Signs That It's Time for a Pivot....
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Want to Better Connect With Your Customers? Consider Blockchain.

Business
When was the last time the effectiveness of your small business technology platform was evaluated? For millions of business owners, chances are good it has been way too long -- even for those in the tech sector.To sustain success in today’s economy, business owners need to regularly evaluate the mission and vision they have established, making necessary adjustments to ensure they are best serving their customers and communities. Sometimes this means making big changes to core infrastructure.While it may not look it on the surface, at heart, these changes aren’t about technology. Rather, they are a reflection of a customer-led business model....
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10 Ways to Scale a Business from Startup to a Huge Company, According to These Titans

Business
It’s one thing to start a business and another to scale it. Here are ten tips for massively growing your company from leading entrepreneurs and Advisors in The Oracles who have done just that.You need three things to scale a business. First, hire well so you can delegate. You’ll never scale if you have to handle everything yourself. Second, pick your battles. Don’t spend days deciding on things like the perfect logo color — your brand will evolve anyway. Focus on acquiring more and bigger customers. You want volume and margin; so start hunting for big game, not mosquitos.Third, create urgency. Set specific timelines for action and achievements. One of the biggest mistakes businesses make is not operating with enough urgency. You’re in a marathon, but it includes many sprints. Start winning the little races and you’ll create momentum! —Grant Cardone, sales expert, who has built a $750 million real estate empire, and NYT bestselling author; follow Grant on Facebook, Instagram, or YouTube...
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What You Need to Know About Instagram's New Creator Account

Business
Traditional ads on Instagram are being overwhelmingly overtaken by Instagram influencer sponsorships and collaborations. Proof? Scroll through your Instagram feed to see just how many Instagram influencer-sponsored posts you spot there.Related: 4 Ways to Grow an Authentic Instagram Following in 2019Based on what you'll see, it makes sense that Instagram is now putting more focus on its most powerful users: influencers.For this reason, Instagram recently rolled out its new Creator account for Instagram influencers to use. This new type of account gives influencers access to features similar to those of an Instagram business account, to help them grow their brands more effectively. ...
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5 Ways to Start a Business with Cheap or Free Money

Business
You’ve got the next billion-dollar idea. Or million dollar, or whatever it is. The point is it’s good, and you want to prove its value. This is the stage where most startups die -- which is to say before they even get started. Because the most daunting obstacle to seeding the next big idea is capital.Most first-time entrepreneurs have heard of venture capitalist firms and angel investors. That’s how Facebook got started, right? So why shouldn’t it be you? The truth is it’s extremely difficult and rare for first timers to receive funding this way. In fact, by some estimates, less than one percent of startups are funded by angel investors and a fraction of one percent by VCs....
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32 Entrepreneurs Share the Books They Always Recommend

Business
A savvy entrepreneur understands that the ability to empathize with a variety of perspectives is invaluable when growing a business. One of the simplest and most effective way to do this is to read widely, across genres and from authors whose point of view is different than your own. Whether it is a novel or history book on your nightstand or an in-depth scientific study, these successful founders have some unexpected titles that they always recommend to everyone.Name: Merrill Stubbs Company: Food52 Book: Roald Dahl's Danny the Champion of the World.I love children's books in general, and a lot of kid's books are really good reading for adults. This one in particular is not only a great story and narrative, but it's a great study of a relationship between father and his son....
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How Business Leaders Can Tackle Anxiety in the Workplace, Especially Among the Young

Business
In a recent Wall Street Journal article, columnist Sue Shellenbarger explained that if your 20-something employee ghosts you -- the CEO -- you shouldn't be surprised: Anxiety may have gotten the better of him or her, as it apparently has for an alarmingly large percentage of that age group -- the one the WSJ called "the most anxious generation."As director of the outpatient anxiety disorders program at Harvard's McLean Hospital, I find that these statements ring true: I've witnessed how, among the various mental health disorders, anxiety disorders are the most common, and how people who are anxious at work often go on to develop these disorders. Unfortunately, people stay quiet about them at the same time....
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Amazon Shuts Down Its Restaurant Delivery Business in the U.S.

Business
Amazon Restaurants' closure in London might have just been the beginning of the service's complete shutdown. According to GeekWire, the company's food delivery offering will only be serving customers in the U.S. until later this month. A spokesperson told the publication that Amazon Restaurants, which started in Seattle before spreading to other cities in the country, will discontinue its business in the U.S. on June 24th. "Many of the small number of employees affected by this decision have already found new roles at Amazon, and others will be provided personalized support to find a new role within, or outside of, the company," the spokesperson continued....
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Vuzix to Equip Smart Glasses With Facial Recognition

Business
For better or worse, a U.S.-based maker of smart glasses will merge its technology with a facial-recognition system in Dubai to help law enforcement in the Middle East catch criminals.About 50 Vuzix Blade smart glasses will be outfitted with facial-recognition technology for use in "security operations" in the region. The resulting system will let the wearer "easily and discretely screen a crowd to match faces against a database of violators, missing people or suspects," according to the company's press release.Vuzix's partner on the project is NNTC, a Dubai-based software developer that developed a facial-recognition system called iFalcon Face Control, which it's been selling to law enforcement and security firms. The system is fast enough to detect up to 15 faces per video frame in under one second....
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This Introverted Entrepreneur Started a Platform to Help Millions of Women Reach Their Potential

Business
If there is someone you admire, someone whom you want to learn from, especially in an industry that you are new to, Tiffany Pham's advice is: Don't wait.You never know what opportunity could be waiting for you.Pham, 32, is the founder and CEO of Mogul, an online platform and app dedicated to helping women expand their community, take ownership of their goals and find meaningful work. Over the last five years, the business has grown from a rudimentary site Pham built herself, after teaching herself to code, to a multi-faceted company whose user base spans more than 30 million women in 196 countries....
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Why You Need Innovation Capital — And How to Get It

Business
Nathan Furr, assistant professor of strategy at INSEAD, researches what makes great innovative leaders, and he reveals how they develop and spend “innovation capital.” Like social or political capital, it’s a power to motivate employees, win the buy-in of stakeholders, and sell breakthrough products. Furr argues that innovation capital is something everyone can develop and grow by using something he calls “impression amplifiers.” Furr is the coauthor of the book Innovation Capital: How to Compete—and Win—Like the World’s Most Innovative Leaders.Download this podcastTRANSCRIPTCURT NICKISCH: Welcome to the HBRIdeaCast from Harvard Business Review. I’m Curt Nickisch....
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When Employees Are Using Software That IT Hasn’t Approved

Business
Digital transformation that starts in the CEO office often turns into a mega project that everyone has to be a part of. The trouble with this is that mega projects take a long time to deliver, and by the time they do deliver, what they provide may well be obsolete. Meanwhile, out on the front lines, real managers need something they can use today in order to defend the business.A recent drama at a major retailer illustrates this dilemma: A few months earlier, the VP for a declining line of business found herself struggling to find digital tools to help her acquire new customers. In desperation, she used her personal credit card to pay for a monthly subscription to a cloud-based CRM that could help her start an online campaign....
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Learn to Overcome the Fear of Public Speaking

Business
If you start sweating when you think of that big presentation in front of investors, you’re not alone. Up to 40 percent of Americans struggle with stage fright, and that can be a real problem when you’re the captain of a startup. If you want your next presentation to be your best speech ever, The Complete Presentation and Public Speaking Course has you covered.Venture capitalist and award-winning business school professor Chris Haroun teaches this comprehensive course. He uses exercises, examples, and templates that will give you a leg up on your peers. Correctly identifying your end goal, connecting with your audience’s needs and structuring your content will be a piece of cake after this class....
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How to Make Smart Hires on a Tight Budget

Business
This story appears in the June 2019 issue of Entrepreneur. Subscribe »Ray Dalio, the founder of Bridgewater Associates, who’s known as the king of hedge funds, is famous for saying, “Hire right, because the penalties of hiring wrong are huge.” These are obvious words from a brilliant man. But the problem is, there’s no script for hiring “right” when you’re in startup mode. You have a hundred different needs but can afford only a handful of positions to do the work. So before you begin, do yourself a favor and lower your expectations. You don’t need to make many hires all at once, and you don’t have to fill hyperspecific roles in your company. Rather, you just need to find the right types of people who will best support early growth....
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Online Grocery Recommendations Are Lacking. 3 Young Entrepreneurs Have Created an AI-Powered Solution.

Business
Not many people buy their groceries online -- only about 3 percent of all food purchases are made through the internet, according to a report by Deutsche Bank. But those rates will steadily increase over the coming years, according to analysts, and one area of online grocery shopping needs significant improvements: product recommendations.Many grocers don't even offer product recommendations. But when they do, they tend to suck. For example, peruse the biggest two players in grocery ecommerce now and they’ll recommend the following to go with your egg purchase: chunk chicken breast and vienna sausage (Walmart) avocados and milk (Amazon). The latter is a bit better, but it stands to reason that most people would buy bread, cheese or flour with their eggs. With a product such as almond milk, both sites just suggested other brands of almond milk....
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A Billionaire's Tips to Becoming a Startup Hero

Business
Tim Draper, founder of Draper Associates and Draper University, shares his experiences on evolving into a well-known venture capitalist.Related: Why Tenacity Is the Foundation for This Entrepreneur's Personal Brand...
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Handling Negative Emotions in a Way that’s Good for Your Team

Business
It’s normal to experience emotions at work: frustration, anger, fear, excitement. But how leaders handle these feelings can go a long way toward building — or destroying — a strong workplace climate and motivating — or discouraging — employees. It’s essential that leaders develop the ability to regulate their emotions, but perhaps not in the way you might think.Take this scenario: A soccer team is playing in a critical game and is down by one goal. Just before half-time, a player gets fouled in the box and the team is given a penalty kick — a great opportunity to tie up the score. A leading player on the team steps up to take the shot. At first, it appears perfect as it soars to the corner of the net but instead it rebounds off the goalpost back towards the stunned player. Head in his hands, he walks off the field to meet his team for their half-time meeting....
DailyHum News
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Scaling Culture in Fast-Growing Companies

Business
Over the past few years, there has been a marked increase in hypergrowth companies across the globe. First coined by Alexander V. Izosimov in the Harvard Business Review in 2008, “hypergrowth” refers to the steep part of the S-curve, where industries and firms grow at an explosive pace. Businesses rapidly expand, company valuation skyrockets, and the compound annual growth rate (CAGR) hits 40%+. Human capital also grows dramatically, as employee count steeply rises to support business growth.This sets hypergrowth companies apart from other firms, which have slower and more stable growth rates. Since they are scaling rapidly, hypergrowth firms need to quickly ensure that they have the right people and systems in place to withstand the speed at which they are growing. If they don’t, the organization can quickly fall apart....
DailyHum News
400400
North Carolina Farmers Embrace Hemp as the Market for Tobacco Dwindles

Business
Grandma and grandpa might raise an eyebrow, but a new generation of farmers in North Carolina have traded acres of tobacco for acres of the state’s newest crop -- hemp.It’s actually been legal to grow hemp for research purposes in North Carolina since the passage of the Farm Bill 2014. Since then, farmers have been able to apply for a license to grow the crop under the state’s Industrial Hemp Pilot Program. Flash forward to the 2018 Farm Bill, passed in December, which legalized hemp and promotes it as a viable crop.What’s that saying? Legalize it and they will come? Yeah, something like that....
DailyHum News
400400
How to Use Business Text Messaging to Reduce Customer Acquisition Costs

Business
If you haven’t done the math, tested the entire marketing funnel or set aside the right funds, then you’re likely working too hard and getting nowhere. Marketing is a challenge if you can’t capture the costs. What’s even more important is knowing the results after the spending is done.Just think about this: for every dollar you spend, let’s say that you get $3.50 back. This is what we all want to know, but you have a consumer to think about first. For every day that goes by without you converting those leads you’ve paid money to acquire, you’re losing money. Therefore, the faster you can turn leads into sales, then faster you can grow and scale your sales....
DailyHum News
400400
Effective Networking Requires Mastering These 5 Skills

Business
If you struggle with approaching other business professionals and finding the right things to say, it may be because you don’t yet know how to network. Effective networking requires particular skills, and most people aren’t born knowing the best ways to build meaningful connections with other entrepreneurs. If you master these skills, you’ll be able to leverage networking for what it is – a powerful tool that can open up future opportunities and help to build your business.Networking isn't intuitive. After all, how many times have you received blanket LinkedIn connection requests with generic messages or no messages at all? Or maybe you’ve been approached by people at events who pitched their services right away? Networking done poorly is ineffective and off-putting, and you’ve probably encountered many people who don’t know how to do it right....
DailyHum News
400400
8 Bad Habits That Aren't So Bad After All

Business
When it comes to habits, James Clear hit the nail on the head. “Bad habits interrupt your life and prevent you from accomplishing your goals. They jeopardize your health -- both mentally and physically.” Oh yeah, they also “waste your time and energy.”Suffice it to say, you need to work on breaking bad habits and replacing them with good ones. What practices should you ditch? Well, there are some no-brainers -- smoking and eating junk food come to mind.However, there are some habits that we consider “bad” that in reality may be beneficial. Here are eight "bad habits" that aren’t as harmful as you thought....
DailyHum News
400400
Stocks Bounce Back After President Trump Calls Off Mexican Tariffs

Business
The stock market may be warming up to the President's unconventional trade policies.Stocks tanked after President Trump threatened Mexico with a five percent tariff on all exports to the U.S. a couple of weeks ago. They have bounced back considerably since the President called it off last Friday and claimed victory with a deal to control illegal migrants at the southern border. Today, the President said he would slap further tariffs on China if it didn't attend the G-20 Summit meeting in Japan at the end of the month. Growing numbers of corporate leaders are expressing concern, but investors appear willing to bet on the "tariff man" for now....
DailyHum News
400400
3 Reasons Most Businesses Don't Reach 6 Figures

Business
In this interview at Click Funnels’ Funnel Hacking Live conference, Entrepreneur Network partner Emily Richett talks to Charfen about the importance of taking care of yourself, knowing your market, and building a team.Charfen recommends these three things to build momentum: Charfen teaches fast-growth entrepreneurs about how to take care of themselves first with hydration, nutrition, breathing and what he calls "daily momentum planning."“If you have the earning potential of a multimillion dollar athlete, you should treat yourself as one,” Charfen says.Charfen also says, “If there is pressure and noise anywhere in your life, it's creating pressure and noise everywhere in your life.”...
DailyHum News
400400
Why Things Aren’t Better, Yet

Business
From the Women at Work podcast:Listen and subscribe to our podcast via Apple Podcasts | Google Podcasts | RSSSince #MeToo became a household term, a lot of people have been trying to make work a safer place for everyone. But organizational change is slow, and it’s not always easy for individual employees to respond to and prevent sexual harassment.Marianne Cooper shares some findings from LeanIn.Org and McKinsey & Company’s “Women in the Workplace 2018” report. Then, we talk with Sarah Beaulieu about how to deal with inappropriate behavior in the office.Download this podcastGuests: Marianne Cooper is a sociologist at the Clayman Institute for Gender Research at Stanford University....
DailyHum News
400400
Missing 'Game of Thrones' Already? Here Are 10 Business Lessons You Can Learn While Re-Watching the Series

Business
Even if you didn’t dive headfirst into the cultural phenomenon that is Game of Thrones (GoT), you can reap the financial rewards of what the show teaches. Here are 10 of the most poignant points from the eight-season show.Over GoT’s eight seasons, viewers had their hearts broken as favorite characters were knocked off time and again. Yet, those changes helped define the show and made the audience even more invested. You should look at your business the same way. If anything is underperforming -- an offer, a product, even a team member -- you either need to transform it into something greater or let it die....
DailyHum News
400400
Domino Effect? Illinois Marijuana Legalization Could Spur Other States

Business
Illinois, the nation’s first state to legalize commercial recreational marijuana through its Legislature, may spark similar legalization efforts elsewhere in the country -- and could serve as a blueprint for others, according to industry executives. That could open the doors to millions, if not billions, of dollars in fresh business opportunities for cannabis growers, manufacturers, retailers and ancillary businesses.Marijuana Business Daily estimates that Illinois’ new rec law alone could generate up to $2.5 billion in annual sales when the program matures, depending in part on how many tourists buy adult-use MJ products while visiting Chicago, the third-largest city in the U.S., and other parts of the state....
DailyHum News
400400
5 Unconventional Ways to Grow Your Business Using Twitter

Business
Twitter may pale in size to other social media platforms like Facebook and Instagram, and it may not be as business-focused as networks like LinkedIn, but don’t overlook the power of growing your business through Twitter. This network is one of the best places online to gain leads through important relationships, market research and more, and you don’t even have to gain followers to make an impact.The key to Twitter success is to test tactics that can help you cut to the heart of what you’re trying to accomplish, such as gaining access to decision-makers you’re trying to sell to, rather than aimlessly posting and hoping the right people in the giant digital ocean of social media see your content....
DailyHum News
400400
How to Start a Podcast With Almost No Money

Business
Podcasting Insights estimates that there are currently 750,000 podcasts in existence, with a combined archive of over 30 million episodes. That begs the question: Does the world really need another podcast?The answer: yes!The audience for podcasts is insatiable, always hungry for new insights, new experiences and new voices. And for the people on the other end of the earbuds -- the creators -- podcasts offer a ton of rewards, including bolstering their credentials as an expert, creating new revenue streams, building brand awareness for their business and, honestly, podcasting is just really fun to do....
DailyHum News
400400
How Rudy Mawer Built Two Multimillion-Dollar Businesses by Mastering This One Skill

Business
In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Rudy Mawer, founder and CEO of ROI Machines, which specializes in Facebook ads, direct response, and funnels. It was condensed by The Oracles.Who are you? Rudy Mawer: I’m an international entrepreneur and expert marketer. I also have a background as a sports nutritionist and trainer. I’m from the United Kingdom originally and was awarded an O-1 “extraordinary individual” visa to the United States for my marketing and fitness business skills. My parents were Olympic athletes, so I grew up around success and high performance....

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