April 26, 2019

Business

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Great Earnings Numbers Push Facebook Stock Higher, While Lousy Earnings Drive Down Tesla

Business
Great earnings pushed Facebook shares up nearly six percent while lousy earnings drove down Tesla's stock more than four percent.With the reporting season now in the middle innings, it's clear that the earnings recession feared by investors -- when profits actually decline -- will not come to pass this quarter. Profit growth has slowed significantly for companies across the economy but on average, it hasn't gone negative.Facebook, as it did last quarter, blew away analyst estimates for earnings and revenues. Despite all the angst about user and regulator backlash over privacy issues, the social media giant continues to deliver stellar financial results. First quarter revenues were up 26 percent and monthly users were up eight percent for the quarter. The stock, up more than ten percent in pre-market trading, closed the day with a gain of 5.85 percent....
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HBR Presents: FOMO Sapiens with Patrick J. McGinnis

Business
On FOMO Sapiens, Patrick McGinnis speaks to leaders across industries about how they let go of their “fear of missing out” and focus on what matters most. In this episode, he speaks with Zola CEO Shan-Lyn Ma and Female Founders Fund co-founder Anu Duggal about how women are driving diversity in the start-up world.Download this podcastFOMO Sapiens with Patrick J. McGinnis is part of HBR Presents, a new network of business podcasts curated by HBR editors. Subscribe to this show on Apple Podcasts, Google Podcasts, Stitcher, or wherever you get your podcasts.For our full lineup of shows, visit: hbr.org/podcasts....
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How Israel Became the Global Leader in Cannabis Research

Business
As the United States struggles with the basics of cannabis research, such as providing proper cannabis to researchers, other countries have leapt ahead. One of the foremost is Israel, where many in the marijuana field believe the most innovative research is happening.“Israel isn’t just at the forefront of medical cannabis research,” writes Swiss medical cannabis company Cibdol. “It is out in front by some margin.” U.S. News and World Report referred to Israel as “The Holy Land of medical marijuana.”That’s due in large part to Raphael Mechoulam, a biochemist and professor at Hebrew University in Jerusalem. He played a major role in finding the basic chemical components of marijuana....
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4 Simple Tips That Will Get Big Results for Your Business on Google Search

Business
It’s no secret that Google is one of the most important tools in your marketing arsenal. With an average of over 3.5 billion searches conducted each day (according to Internet Live Stats), there are a lot of eyeballs glued to Google’s search results.Whether you’re trying to sell a product on Amazon or grow your personal brand, Google can serve as a powerful resource -- but only if you use it right. With that in mind, here are a few simple tips you can use to maximize your exposure so you can achieve your marketing and growth goals:Keywords are crucial to success with Google Ads, but this is far from the only way you can improve the reach and effectiveness of these PPC campaigns....
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Adam Guild Reads 182 Books a Year, and He's Read This One 14 Times. Here's Why.

Business
In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Adam Guild, founder and CEO of Placepull, a technology company revolutionizing local business marketing, starting with restaurants. It was condensed by The Oracles.What was a defining moment early in your life? Adam Guild: Starting at around 12 years old, I went through an extremely painful time. I was still coping with my parents’ divorce and was rejected from the school I wanted to go to. I was bullied relentlessly at my new school, had zero friends, and became more and more overweight....
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How to Get Banks to Say Yes to Your Small Business Loan

Business
In my experience in banking, more than three-quarters of business plans that come with projection-based applications fall short in one or more key areas. Many of the plans I see consist of a few pages of hastily produced bullet points, falling well short of the detail and color about the business that banks need to make a credit decision.Business plans are critically important for startups, high-growth companies or buyers seeking to finance the purchase of a business. In fact, they are a useful planning tool for any business, but especially for startups since they have no financial track record for a bank to examine....
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4 Ways Artificial Intelligence Is Shaping the Future for Businesses Big And Small

Business
Artificial intelligence (AI) is becoming not just a curious concept, but a business asset worthy of every entrepreneur's attention. A. is making headway in topics from behavior-based email sequences and opt-in popups to savvy messaging bots and even internal employee satisfaction analysis (IBM says they can determine with 95 percent accuracy when a person is planning to quit),You can use AI to increase customer retention, NPS, sales close rate and pre-qualify leads. It's hard to know where AI will be in a decade or two. But, it's already playing a big role in many business' daily operations. It can play a big, beneficial role in your business as well, now and well into the future. Here are four ways....
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Successful People Often Share These 2 Traits

Business
In this video, Entrepreneur Network partner Mike Phillips explains two key leadership behaviors: pace and intensity. Phillips points out that successful people often have high energy and move quickly. They're often intense, and Phillips recommends a few tips that can improve the pace and intensity in your life.In business, working on yourself is integral to getting better in your business. Start by gaining knowledge and confidence in your abilities. Then, focus on training your employees. Click the video to hear more.Related: Are You Properly Focused on Your Goals?Watch more videos on Lead the Team's YouTube Channel....
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Swiping Right on a New Investor? Do This First.

Business
It’s difficult to keep up with everything going on in the news today, but those of us in the technology space have been more than a little wary of U.S. Sen. Elizabeth Warren, D-Mass., and her plan to break up large tech companies and regulate tech mergers.While Warren may have the best intentions and believe that the likes of Amazon, Google and Facebook "squash small businesses," her plan to keep tech giants from acquiring startups would, in my opinion, severely dampen innovation and seriously hurt the industry.My argument? Acquisitions require consent. Startups that sell to tech companies have a choice in the matter. No one is forcing their hands. In fact, many startups were founded with the specific hope of one day being acquired by a major player....
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5 Data-Driven Reasons You Should Build a Mobile App for Your Business

Business
We all use 'em: They’re the lifeblood of our smartphones, the gadgets that keep us staring at our screens and even using our thumbprint to make quick purchases. I'm talking of course about ... mobile apps.Related: Does Your Business Really Need a Mobile App?For many businesses, mobile apps represent an opportunity for serious growth. Tools that enable a better user experience, push-notifications, more consistent communication with customers and quick payment options are already making many businesses loads of money. Amazon and Facebook are two typical examples.But there are also many smaller businesses (B2C, B2B, SaaS, PaaS and others) building (and benefiting from) mobile apps. So, should your business join them? Should you too build a mobile app? Here are five data-driven reasons why you might want to do just that....
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3 Ways to Improve Your Cultural Fluency

Business
On Doug’s first trip to visit Campbell’s Mexican production facilities during his tenure as the new CEO, he held a large group meeting with employees. In his earnest but brash way, he pressed them to engage in candid dialogue with him. It didn’t go well. The employees were visibly uncomfortable and it was clear that they felt the forum was disrespectful. Doug later learned that the employees thought it was inappropriate to speak so openly to leadership in a group setting. He apologized to the local management and acknowledged his lack of understanding. It was an early — and humbling — lesson in the importance of cultural fluency....
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How to Use Google Reviews to Increase Customers and Sales

Business
When someone wants to learn more about a business or find a product, their first step is usually a Google search. That's why getting your store to show up in Google search results should be a top priority for any business owner, especially those with brick and mortar stores.Marketing data accumulated by Hubspot reveals that 28 percent of searches for products “nearby” or “near me” lead directly to a purchase. An incredible 72 percent of local searches result in a consumer visiting a store within five miles of their location.As such, improving local SEO so your business shows up in these searches will have a significant impact on your bottom line. One of the best ways to improve your SEO (especially locally) is by acquiring more Google reviews....
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Deepak Chopra on Motivation, Meditation and Finding Peace in the Information Age (Podcast)

Business
We’re smack-dab in the middle of the Information Age, and it can feel like a flood where we’re barely staying above water. On this episode of How Success Happens, spiritual guru and bestselling author Deepak Chopra shares his advice for finding peace in a constant stream of data and how to decide which information we allow to affect us. He also details his morning routine, habit-building strategies and how entrepreneurs facing obstacles can tap into long-term motivation. The episode concludes with a guided meditation led by Chopra....
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She Won $1 Million for Her Big Idea at WeWork's Global Pitch Competition. Here's How -- and Her Top Pitching Strategy. (Podcast)

Business
In January, Medinas Health CEO Chloe Alpert won $1 million at the WeWork Creator Global Finals. Her big idea? A data-driven marketplace that aims to help healthcare organizations resell and purchase medical equipment and supplies. (By some estimates, the U.S. healthcare system wastes about $765 billion a year.)On this episode of How Success Happens, Alpert shares her strategy for a winning pitch, how to surround yourself with a team that complements your strengths and weaknesses and how to disrupt a relatively traditional industry. ...
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The Link Between CBD and Sleep

Business
If you’re struggling to sleep, CBD could offer some relief. CBD, also known as cannabidiol, has found popularity as a treatment for pain, anxiety, insomnia, and more. But how exactly does it help? And does it live up to the hype?A lack of sleep is something many adults just brush off and trudge through. But insomnia is practically an epidemic and can have serious implications for your physical and mental health.According to the Centers for Disease Control, one in three adults aren’t getting enough sleep (at least seven hours per day). So you’re far from alone if you’re struggling to sleep. But insomnia can lead to chronic conditions including mental distress, obesity, diabetes, and heart disease, so you can’t just ignore it....
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3 New Roles We Can All Adopt to Scale Our HR Teams to the Next Level

Business
For years, the HR industry has bemoaned the annual performance review: it’s inefficient, breeds resentment and fails to show any value for employees. Instead, over time, several solutions have been suggested -- like real-time feedback, an increased review cadence and 360 reviews. Add to this list performance-management software. Related: Agility Matters: Here's How To Make Your Business Knowledge-BasedBut what if it isn't the process that's broken, but the way we think about performance in general? After all, our current evaluation process dates back to the industrial and manufacturing era, and to people in production lines, their work measured by quantity of output. ...
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Why Isn’t Hulu Better?

Business
Over the past year, major studios have aggressively and innovatively changed their business models to enter the streaming wars. With the recent announcements of new streaming offerings from Disney and WarnerMedia, now seems like the right time to consider an important historical question: Why does Hulu suck?That probably sounds harsh, even unfair. After all, Hulu was an innovative offering when it was first announced in 2007, less than a month after Netflix entered the streaming business. Launched in 2008, the service was created out of a novel partnership between three of the largest motion-picture studios, 21st Century Fox, NBC Universal, and Walt Disney Studios/ABC Television, giving it a key competitive advantage over Netflix: access to those studios’ valuable catalogs. In the decade since its launch, the company has certainly had its share of success. Its shows have received 47 Emmy Award nominations and six Golden Globe nominations, and by the end of 2018 had more than 25 million subscribers. That sounds great, right?...
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How to Advocate for -- and Implement -- a 'Take Your Daughters and Sons to Work Day'

Business
Today, April 25, is national Take Your Daughters and Sons to Work Day for 2109. Created 26 years ago by the Ms. Foundation, the event (slightly retooled from its former name Take Our Children to Work Day) is designed for girls and boys ages 8 to 18 to learn new lessons about the workplace, then take those lessons back to school the following day.The observance "focuses on expanding future opportunities for all our children, in both their work and family lives," according to the website.But what if your particular company dismisses the whole idea of welcoming kids into the workplace to observe what Mom and Dad or some other adult in their lives actually does all day? For answers, I turned to Sarah Johal....
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Tesla to Offer Its Own 'More Compelling' Insurance Product

Business
Buying a new car is just the start of the costs you'll incur, with insurance being another potentially big layout depending on your driving history and experience. But if you're buying a Tesla, Elon Musk is looking to offer you a "much more compelling" insurance option.As TechCrunch reports, on a Q1 earnings call yesterday, Musk confirmed that Tesla intends to launch its own insurance product at some point in May. The claim of it being more compelling was not backed up with detail, but the suggestion is that it relates to the amount of information Tesla has access to regarding how people drive its vehicles....
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5 Eating Habits That Rewire Your Brain for Success

Business
Your brain is hungry. It requires more energy than any other organ in your body, sucking up 20 percent of your entire body's daily energy needs. And if you want your brain firing on all cylinders, you need to fuel it properly, much like a car's engine needs quality gas for peak performance.So what should you be eating and how much? Good question. Today we are bombarded by so much nutrition guidance that it is easy to get confused about what is best for our bodies and minds. Information overload can lead us to jumping on bandwagons: butter in your coffee, keto, paleo, intermittent fasting, the carnivore diet (yes, you eat exclusively meat!), a calorie-restricted diet, it goes on and on. ...
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How to Make Money With Your Blog and Increase Engagement

Business
There are plenty of ways to inform the masses about your startup. Social media strategies, Google keyword campaigns, and word-of-mouth marketing are all essential tools that help you get interested customers to your website. But if you want to keep those eyes on your page, you’re going to need fascinating content.Blogging is an inexpensive way to inform your demographic about your offerings and keep your website in good standing with Google. However, you can’t just type any old thing into your CMS and expect users to keep coming back. Blogging to Sell Your Products with Megan Auman shows you how to create a bulletproof blogging strategy....
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Who’s the Most Important Member of an NFL Franchise?

Business
Super Bowl aside, it’s hard to think of an event on the American football calendar that gets more hype than the NFL draft. When the 32 teams gather from April 25 to 27 in Nashville, they will be looking to plug the holes in their rosters and add new strength to their squads. That got us thinking: How exactly does a franchise construct a winning team?While there are, of course, many factors, the common wisdom is that team success is largely attributable to four organizational leaders—the quarterback, head coach, general manager, and owner. But who is the most important?Most pundits say the choice comes down to quarterback versus head coach. The debate can get heated, especially when the team in consideration is the New England Patriots. The quarterback—Tom Brady, in the Pats’ case—may seem like the obvious choice. After all, the QB is the leader on the field and the position is often seen as the most important in all of sports. Over the past 21 NFL drafts, the first overall pick has been a quarterback 15 times, and there were only two drafts during this time period in which no quarterback was picked in the top three. Quarterbacks are also the highest-paid players in the game by a wide margin, both at the top and throughout the league’s talent pool....
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Why the Founders of This French Sneaker Brand Spent Two Years Researching Faux Leather

Business
This story appears in the April 2019 issue of Entrepreneur. Subscribe »The French brand Veja’s kicks look good -- like elevated Stan Smiths -- but their appeal goes beyond style. Sustainability has always been a major part of the company’s mission (and its sales pitch), and its rubber and cotton can be traced back to ethical farmers in Brazil. But the company’s use of leather left the founders feeling unsettled. “It’s really the only product we’re not very proud of in terms of sustainability,” says François Ghislain Morillion, who cofounded Veja with Sébastien Kopp. They had long searched for an alternative but came up short. The so-called “vegan leather” often used for shoes and apparel is just virgin plastic, and suede-like microfibers have a petroleum base -- hardly eco-friendly. ...
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5 Steps to Take Control of Your Personal Brand

Business
The following excerpt is from Scott Duffy’s book Breakthrough. Buy it now from Amazon | Barnes & Noble | iBooks | IndieBoundAs an entrepreneur, you need to create and manage your own personal brand. You may think you’re selling a product, a service, a financial plan, etc. to your investors, division heads, partners or employees. To be sure, those things are an essential part of your business. But it’s really all about you, because people invest in people. Every action you take helps others define you. Personal branding goes a long way toward cultivating your tribe, as well as your customer base....
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Why This Running Back Says Greatness Comes One Step at a Time

Business
Retired Pro Bowl running back Christian Okoye joins David Meltzer to discuss his journey from Nigeria to becoming a student-athlete in America, then making the NFL. Okoye shares stories about how he discovered the game of football, how his mother influenced his business-like mindset and his approach to asking others for help in business.Okoye and Meltzer cover topics such as playing against each other in college, how Christian discovered the sport of football, not making the Olympics as a track and field athlete, what he learned from Marty Schottenheimer and his work with the California Sports Hall of Fame....
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How to Push Your Company to Digital Maturity

Business
What happens after digital transformation? If you play your cards right, you achieve digital maturity. And that’s an achievement worth pushing for: According to research from Deloitte, half of digitally mature organizations report higher net profit margins and increased revenue compared to the industry average. Clearly, there are advantages to nailing a tech-first approach.Digital transformation involves a series of steps that build on one another, as tech is adopted and implemented with the end goal of creating a digitally mature organization. The first step is to analyze whatever incidental assets might already be supporting digital transformation -- using shared data or integrated communication platforms, for example....
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The Legal and Ethical Implications of Using AI in Hiring

Business
Digital innovations and advances in AI have produced a range of novel talent identification and assessment tools. Many of these technologies promise to help organizations improve their ability to find the right person for the right job, and screen out the wrong people for the wrong jobs, faster and cheaper than ever before.These tools put unprecedented power in the hands of organizations to pursue data-based human capital decisions. They also have the potential to democratize feedback, giving millions of job candidates data-driven insights on their strengths, development needs, and potential career and organizational fit. In particular, we have seen the rapid growth (and corresponding venture capital investment) in game-based assessments, bots for scraping social media postings, linguistic analysis of candidates’ writing samples, and video-based interviews that utilize algorithms to analyze speech content, tone of voice, emotional states, nonverbal behaviors, and temperamental clues....
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Why Being Generous is Critical to Your Business Success

Business
Often, we entrepreneurs are obsessed with accumulating material things -- more traffic, more customers, more money.The most vocal and fiercest critics of capitalism, Karl Marx, shouldn’t be blamed. He was right when he called our obsessiveness for wealth and profit as “primitive accumulation.” Worse, our obsessiveness over wealth and profit is a never-ending game.We constantly invent newer products, race to slice market share, compete to sell more and dominate the market. The process is rough. It not only drains our energy. It enrages us. It frustrates us. It exhausts our strengths and emotions. ...
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Canopy Growth Is Likely Just the First Big Player to Bet on US Ending Prohibition

Business
Canadian giant Canopy Growth Corp. (NYSE:CGC) (TSX:WEED) is poised to take another leap forward in its ongoing expansion into global cannabis markets. As of Thursday, April 18, 2019, the mega company secured the right to acquire Acreage Holdings, Inc. (CSE:ACRG.U) (OTC:ACRGF) for $3.4 billion – contingent upon cannabis legalization in the United States. Acreage is a multi-state operator that includes a diverse portfolio of cannabis cultivation, processing, and dispensing operations across the U.S. Its contribution to Canopy’s already extensive production facilities, well-known brands, and strategic assets will provide significant opportunity for new value creation. Naturally, this was not lost on the markets as both companies saw shares jump at news of the transaction....
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The Instagram Army: Activism in the 21st Century

Business
Listen and subscribe to this podcast via Apple Podcasts | Google Podcasts | RSSEglantina Zingg has leveraged her success as a model, actress, and television personality to become a leader in the fight to create better opportunities for women and girls around the world, such as the soccer program Goleadoras.It’s hardly a new phenomenon for successful, famous people to wield their influence for social change. But in our modern social media, FOMO-driven world, it’s become more essential than ever for people with large followings to harness this unprecedented personal influence to create the positive change we desperately need....
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When Hustling Is Harmful: How to Save Your Employees From Burnout

Business
Sending a Slack at 2 a.m. gets a social thumbs-up from the pro-hustle crowd. Logging a mere 45-hour workweek? That’s slacker territory.Such is the mentality of modern professionals who feast on the notion that more is, well, more. Their hustle-centric mottos have so gripped today’s workforce that they inspired a piece in The New York Times. Journalist Erin Griffith, arguing against a culture that venerates workaholism over well-being, notes that this frenetic pace can only have one ending: total burnout.And indeed, burnout has plagued more than three-quarters of American workers, according to research from Deloitte. No amount of passion for a project exempts professionals from the need to log off every once in a while (and ideally, with some regularity)....
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Forget Cultural Fit and Look for Cultural Impact

Business
Each and every person you hire can profoundly impact your company's culture. As you grow your team, remember that directly related experience is often not the best way to predict success. Consider instead a candidate's potential to impact the culture -- and the business.Diversity among leadership, for example, has been shown to directly benefit a company's market value and profitability, according to new research from Harvard Business School. To cultivate the diverse team that will help your business thrive, look for people who align with your company's core values and weigh that in the balance with the experience they bring to the table....
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Why Hollywood Desperately Needs “Avengers: Endgame”

Business
When Avengers: Endgame debuts in theaters Thursday night, it promises to resolve the devastation caused at the end of last year’s Avengers: Infinity War, when half the population of the universe was vaporized in a single snap.Hollywood, meanwhile, is counting on Endgame to rescue the movie business from an equally vexing calamity: The steepest decline in domestic box office revenues in nearly a decade.As of April 21, the domestic box office has dropped a shocking 16.4% from the same point in 2018, according to figures from Comscore. It’s the steepest year-on-year decline since 2011; all told, theaters in the US and Canada have grossed $2.9 billion in 2019, the lowest overall totals at this point in the year since 2013....
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Stock Market Retreats Off Record Highs as Facebook Prepares to Report Financial Results

Business
The stock market retreated off all-time highs set yesterday with the major stock indexes posting small declines today.The S&P 500 and Dow indexes were both down 0.22 percent while the Nasdaq Composite index fell 0.23 percent. The Entrepreneur Index™ had a loss of 0.19 percent on the day.The technology sector was generally weak with the exception of semiconductor chipmakers Analog Devices and NVIDIA Corp. Both were up after strong earnings from Texas Instruments today lifted the entire chip sector. Analog Devices, up 2.79 percent, set a 52-week high today. Chipmakers have had a strong recovery from the plunge at the end of last year. Analog's stock is up 36.7 percent this year while NVIDIA is up 43.2 percent....
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This Entrepreneur Wants Us to See and Record the World in a Whole New Way

Business
In this ongoing series, we are sharing advice, tips and insights from real entrepreneurs who are out there doing business battle on a daily basis. (Answers have been edited and condensed for clarity.)Who are you and what’s your business?I am Lawrence Greaves, co-founder and CEO at OPKIX. Created specifically for a social-first generation, our first of its kind OPKIXOne wearable camera boasts a uniquely compact size, and pairs with an integrated app that allows you to edit your footage with the addition of filters, music and AR, and share across your favorite social platforms. What inspired you to develop it?...
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For the Cannasieur, Pre-rolls in a Humidor

Business
With so many ways to consume cannabis these days -- vapes, drinks, gummies, cookies, cakes, sprays, tinctures, toothpicks -- it’s easy to forget the simple pleasures of smoking a well-rolled joint. Actually, it’s easy to forget a lot of things, but the point is, Albert Einstone’s remembers. A brand new name in the all-natural, luxury smoking space, Einstone’s has just introduced El Blunto: a glass-tipped, hand-rolled, hemp-wrapped, whole flower, 1.75-gram pre-roll that’s available in California in seven strains. Looking like a finely rolled mini-cigar right down to the gold-leaf label, El Blunto pushes pre-rolls to a new level, and it even comes in a humidor for those who like just a touch of snob appeal with their smokes. ...
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6 Common Lies People Believe About Investing

Business
In this video, Entrepreneur Paratner Jeff Rose discusses some of the myths around investing:To hear all of the myths people believe about investing, click on the video.Related: These Time-Savers Will Free You Up for the Work You Love to DoEntrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices....
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Drive Your Website Up the Search Rankings With These SEO Tools

Business
No matter how original your small business idea is, you’re going to have competitors in multiple verticals. To stand out, you’ll need to claw your way to Google’s front page — but you can’t do that without some SEO and keyword know-how. These tools will help you untangle the complexities of SEO and keyword selection, so you can get your business in front of the right customers.This tool gives you insider insight into your competitors’ online marketing strategies. RankStat allows you to find keywords that any domain or URL is ranking for in Google. This lets you see which competitors are leaving you in the dust, and which ones you’re outpacing....
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Disney+, Notre Dame Donations Spark a Backlash, and Mihir’s New Book!

Business
Listen and subscribe to this podcast via Apple Podcasts | Google Podcasts | RSSYoungme Moon, Felix Oberholzer-Gee, and Mihir Desai discuss the upcoming launch of Disney’s new streaming service (Disney+), as well as the backlash sparked by billionaires pledging money to repair Notre Dame Cathedral. They then do a bonus segment about Mihir’s new book, How Finance Works.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('cloakf80b45df66480c57dd9df7d111ce46f8').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addyf80b45df66480c57dd9df7d111ce46f8 = 'harvardafterhours' + '@'; addyf80b45df66480c57dd9df7d111ce46f8 = addyf80b45df66480c57dd9df7d111ce46f8 + 'gmail' + '.' + 'com'; var addy_textf80b45df66480c57dd9df7d111ce46f8 = 'harvardafterhours' + '@' + 'gmail' + '.' + 'com';document.getElementById('cloakf80b45df66480c57dd9df7d111ce46f8').innerHTML += ''+addy_textf80b45df66480c57dd9df7d111ce46f8+''; . 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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The Importance of 'Positioning' Your Brand When You're Just Starting Out

Business
"Positioning" is a term that gets thrown around a lot but can often be confused with other marketing activities.“Very few startups have a firm grasp of what exactly positioning is, why it’s important and how to do it,” says April Dunford, an expert positioning consultant.Related: The Art of Positioning Your Brand and Why You Can't Afford to Screw It Up"Positioning" means the place a brand occupies in the minds of its customers. That's important, but one of the main mistakes founders make when considering their position is doing so too late. After all, it's easy to get caught up on the product side of things. You start out building marketing strategies, complete with innovative ideas for how to captivate a wide audience. But in fact, the most crucial decision to make in those early days, is instead exactly what your message is, and how it fits into your marketplace....
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Hemp Could Be the Solution to Our Plastic Pollution Crisis

Business
Plastic is a significant source of pollution. It's with harmful additives, made from oil and takes hundreds of years (or longer) to degrade. A patch of plastic and sludge the size of Texas is floating in the Pacific Ocean right now, killing ocean life in untold numbers. By 2050, the United Nations estimates there will be more plastic, by weight, than fish in the ocean.Our planet is choking on plastic and people are desperately looking for an alternative that won’t pollute the Earth. Hemp just might be the solution to our plastic problem.Related: The Next Big Thing in 'Green' Packaging Is Hemp Bioplastic...
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How Consumer Feedback Helped Lead to This Company's Redesign and Pivot

Business
In this video, CEO of Loom Analytics Mona Datt talks with Entrepreneur Network partner Mars Discovery District about the changing nature of the company's product. Loom Analytics is a Canadian-based company that helps lawyers and insurance companies pinpoint trends in the law like judge rulings and lawyers' court performance.Datt speaks about how Loom initially planned to position itself as a research company, but over time realized it would serve a greater customer base by offering a more interactive experience. Datt says one of the main pieces of feedback the company received was how companies could integrate Loom into their daily routines. This encouraged Datt and her team to make adjustments in the user experience and interface of Loom's website....
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How to Be the Leader Your Employees Want to See Walk in the Door

Business
When your team sees you coming, what's their first reaction? Is it ...Regardless of the pronouns involved, management by walking around (MBWA) is what's at stake here. The term, of course, refers to the practice of managers randomly strolling through their company locations, stopping to chat or observe, all in an unplanned fashion. Sound like a breeze? It isn't: MBWA can be one of the hardest competencies for fast-growing startup leaders to master.Related: 5 Tips to Make Managing Employees Less Stressful for EveryoneAnd no wonder: It didn't used to be so difficult," you're probably thinking to yourself. "When my team was small and scrappy, ideas flowed freely. Everyone knew what was going on."...
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5 Smart Ways to Use Social Media to Grow Your Business in 2019

Business
According to Statistica, the number of worldwide users on social media is projected to hit a whopping 3.02 billion active users per month by 2021. That's one-third of the world’s entire population! So, it’s obvious that social media, more and more, is engaging the majority of the world's citizenry.Related: The 4 Essentials to Building Your Brand on Social MediaThat means if you own a business and you’re not focused on building a strong brand presence on social media this year, your customers already are or soon will be choosing your competitors.That fact is intriguing to me, as a modern-day business owner. I've never questioned the value of having a social media presence, but I wanted to dive deeper into that realm to see what other views entrepreneurs might voice about the evolution of social media....
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Apple CEO Tim Cook Made One Simple Change to Help Him Avoid iPhone Addiction

Business
Phone addiction has become such a worldwide problem that even the Pope weighed in this month.Pope Francis warned a group of high schoolers about it during a meeting at their school in Rome, reports the Catholic magazine America. He told the teens to "please, free yourselves from your phone addiction," explaining that "when the phone is a drug," there's a danger of "communication being reduced to simple 'contacts.'"On Tuesday, Apple CEO Tim Cook agreed.Cook was asked about how ordinary people are touching their phones thousands of time a day during an on-stage interview at the Time 100 Summit.He agreed that many kids may be using their phones too much, and that this was the impetus for Apple's Screen Time reports, whichrolled out in early 2018....
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President Trump Meets With Twitter CEO Jack Dorsey After Blasting Platform for Bias

Business
President Donald Trump held a face-to-face meeting with Twitter CEO Jack Dorsey at the White House on Tuesday mere hours after he accused the social media platform of discriminating against conservatives."Great meeting this afternoon," Trump said in a tweet about the meeting. "Lots of subjects discussed regarding their platform, and the world of social media in general. Look forward to keeping an open dialogue!"However, earlier in the day, Trump was more critical of the platform. "They don't treat me well as a Republican," he tweeted Tuesday morning. "Very discriminatory, hard for people to sign on. Constantly taking people off list. Big complaints from many people."...
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The Innovation Economy

Business
Listen and subscribe to this podcast via Apple Podcasts | Google Podcasts | RSS“We haven’t really understood the power of the state,” argues economist Mariana Mazzucato, warning that this has impacted the rising inequality in wealth creation and distribution. Mariana and Azeem Azhar discuss the role of government in innovation and business growth, risk-taking as the new mentality of bureaucracy, and how the benefits of entrepreneurial innovation have been misread. Above all, the case is made for a new theory of value in today’s economy.Download this podcastIn this conversation, Mariana and Azeem also discuss:...
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Can Online Tools Help Employees Build Resilience?

Business
You have had a tough day at work. Your presentation did not go well; your boss harshly critiqued your performance; a colleague was promoted to a position you had hoped to fill; and, on top of it all, some of your coworkers planned to go out after work and you were not invited.Anyone would feel lousy at the end of this day. But what helps you learn from these experiences and get back to business tomorrow is resilience. Resilience, the ability to adapt and recover from personal and professional setbacks, is increasingly recognized as a key driver of job performance. For those who lack resilience, a bad day can seriously throw them off their game, lowering their sense of worth, attitude toward their job and work performance....
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After A Family Tragedy, I Finally Learned How To Balance My Work Life

Business
This story appears in the April 2019 issue of Entrepreneur. Subscribe »When you’re an entrepreneur, your business is your life. But it’s not your entire life. Your family and friends are there, too. You have a life to live. It’s important to remember that, but it can be easy to lose sight of.In the spring of 2009, Fête, my wedding and event planning and production business, was taking off. I was working on one of the biggest productions of my career: a bar mitzvah for a very prominent, wealthy family in New York. It stretched over multiple days, with nearly 800 guests. We had to do everything -- build temporary housing, make sure all the meals were strictly kosher, and truly create a bespoke experience. The pressure was enormous....
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This CEO Breaks Down Why Working for Yourself Is Just as Great as You'd Hope

Business
In this video, Entrepreneur Network partner, Business Rockstars talks with Jen Proctor, the CEO of Cultivated Entertainment. The CEO knew from a young age that she wanted to work in some capacity in entertainment, but she says one of the most rewarding parts of being an entrepreneur is being able to make decisions and do things whenever she wants rather than constantly working under another person. Click the vide to hear more from Business Rockstars's discussion with Jen Proctor.Related: How These Women CEOs Raise Money in Rooms Full of MenEntrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre....
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How to Show You’re Passionate in a Job Interview

Business
Alex had an impressive résumé. He had excellent grades in school, a string of technical projects that won recognition, and concrete results from his first two jobs. Yet when he interviewed at a new high-tech startup, the company turned him down. Luckily for Alex, he learned the reason for his rejection from an unofficial source — a colleague who didn’t agree with the decision. It turned out that the interviewers thought Alex lacked passion. He was quiet, didn’t specify how he contributed to the projects on his résumé, and didn’t display the effusiveness they were used to seeing in strong candidates....
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To Succeed at Business You Need a Startup Mindset

Business
Startups are born to scale. They’re created to search for and validate a scalable business model in a way that can have a major impact on the market or how a problem has traditionally been solved. The innovation, disruption and scalability aspects of a startup are why they are different from small businesses and more importantly, why they can’t be treated or built as a small business or subversion of a large company.Small businesses are created to generate profits and secure local market share. Although small businesses also have the potential to grow into large companies, the driving force behind their growth is national and international expansion through larger teams, supply, manufacturing and distribution channels. When WhatsApp was acquired for more than $19 billion, it only had 55 employees. Instagram, YouTube, Viber, Skype and Tumblr had 13, 65, 50, 911 and 178 employees, respectively. Technology is an enabler, and the reason startups can scale so quickly with a repeatable business model and a tiny user to employee ratio unlike small businesses....
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How the Green Rush Is Accelerating the Revolution In Smart Farming Technologies

Business
The cannabis industry is experiencing an incredible surge of interest, primarily due to the increasing number of states legalizing marijuana, many of which are now offering varying levels of licensure for medical or recreational use. Many in the cannabis industry are equating this change, from a cultural perspective, to the end of Prohibition.From an agricultural tech perspective, this tipping point for cannabis is happening at just the right time.Indoor farming is a growing trend, in no small part thanks to the original outlaw cannabis growers who first went indoors to escape detection. They are coming out of hiding. For decades, these hidden growers had to be creative. They took risks. And they’re bringing the knowledge gained from those risks to the traditional agriculture market as it, too, shifts indoors....
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Elizabeth Holmes, Theranos and the Myth of the Glamorous Entrepreneur

Business
Lately, it seems everyone is talking about Theranos. The defunct health technology company was dissected in a book by John Carreyrou, an ABC News podcast and Nightline episode, and an HBO documentary. A film version is reportedly also in the works, starring Jennifer Lawrence as Elizabeth Holmes – the enigmatic founder now charged with fraud and facing up to 20 years in prison.The story of Theranos is both fascinating and distressing. As the company reached a peak valuation of $9 billion, Holmes became an entrepreneurial celebrity. She was featured on magazine covers and lists of the world’s richest women. She was undeniably famous. The company’s rise and fall is a complex tale, but strip away the details and one theme becomes clear: our culture is obsessed with Silicon Valley....
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11 Bad Personality Traits Costing You Business

Business
The success of a business is due in large part to the personalities of the people who run it. You can have the most amazing, innovative ideas, but if you have a toxic personality that repels even your most loyal customers and most diligent employees, you may be singlehandedly costing your business time and money.As a manager or leader in your business, it’s important to recognize that you wield influence over your company, which can either help make or break your business. Much of that impact comes from how you communicate and interact with others. Are you projecting the qualities that make others want to work to build your company… or work at finding another job?...
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Twitter Ignites Technology Sector, Helping Push the Stock Market to Record Highs

Business
In the busiest week of this corporate earnings season, companies are delivering the results and pushing the stock market to record highs.Twitter led the parade. The social media leader handily beat analyst expectations and saw its shares jump 15.64 percent -- by far the biggest gain on the Entrepreneur Index™ today. Stocks were strong across all sectors of the market, however. Tech, healthcare and REIT stocks helped the Entrepreneur Index™ post a 1.38 percent gain today and set a record high.The broader S&P 500 and Nasdaq Composite indexes were up 0.88 percent and 1.32 percent respectively, both also setting new all-time highs in the process. The Dow index was up 0.55 percent and is within a percentage point of its high set last October....
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How the Founder of Poo-Purri Thinks About Success and Achievement

Business
In this episode of Leaders Create Leaders, Entrepreneur Network partner Gerard Adams interviews Suzy Batiz, the founder of Poo-Pouri, an oil-based spray that eliminates unwanted scents. Adams dives right into a tour of Batiz's creative spaces and also hears about some of the new products she is working on as an entrepreneur. Batiz breaks down her days, including the routines she finds the most fruitful, which include taking time to meditate and composing her thoughts by dictation. Batiz shares some of the ideas inside her new book and details her foray into a new line of spiritual products equipped with their own distinct vibrations. ...
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What Entrepreneurs Need to Know about the Google March 2019 Core Update

Business
Just when you think you’ve got SEO figured out, Google comes out with a new algorithm update. The latest one isn't as much of an overhaul as the company's past updates, but it is important to address its new factors -- otherwise, you risk a drop in your search engine ranking. Something to note: Primary factors that impacted ranking changes with this rollout were content-specific rather than technical, which makes adjustments easier.While data is still coming in on the full impact of the core update, a survey conducted by Search Engine Roundtable found that 58 percent of respondents were negatively impacted via a drop in ranking. A portion of these respondents had also been negatively impacted by the prior update, and 44 percent of them have still not recovered from that ranking drop. Whether you were a winner or a loser in the March 2019 core update, there are actions to take to recover or maintain your SEO ranking....
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Before You Launch Your Business, Make Sure You Have a Safety Net. Here are 13.

Business
All entrepreneurs need a parachute. Because whether you’re selling a product or a service, starting a new business involves risk. I’ve been an entrepreneur all my life. Looking back, I’ve relied on safety nets at every stage in my career. I think not having the right safety net is what stops a lot of people from pursuing their entrepreneurial ambitions.Before I list 13 safety nets you can rely on, I want to illuminate how they have helped me launch, sustain, and grow different businesses.When I was in my early twenties, I began designing products. The first one was a novelty baseball cap that had foam fingers you could rearrange to send a message, like the peace sign. I ran an ad in a magazine to test the market for demand. This only required fabric, a sewing machine, and money for the ad. I didn’t need a safety net. I didn’t sell very many....
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Study Finds CBD Oil Helped Dogs Suffering Seizures

Business
A new study involving a small number of animals in Japan has found that cannabidiol (CBD) may offer potential treatment to lessen the severity of epileptic seizures in dogs.Researchers from the Yamazaki University of Animal Health in Japan conducted the study. The journal Pet Behavior Science published the report. The study found that dogs can respond to CBD in much the same way that humans do.A CBD-infused oral drug, Epidiolex, was approved by the U.S. Food and Drug Administration earlier this year for treatment of seizures in humans associated with two severe and rare forms of epilepsy, Lennox-Gastaut syndrome and Dravet syndrome....
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Looking for a Business Idea? Think About Common Complaints You Hear in Your Life.

Business
The Bra Lab co-founder Gina Crevi noticed how many women complained about the comfort and designs of current bras. As a natural problem solver, she created a new design that makes all pieces of the bra interchangeable, allowing for a more ideal and comfortable fit. She has also used unique material to assure that feel and touch is appropriate for the skin.Crevi has used social media to reach a wider range of women who are unhappy with their current bras. In doing so, she has quickly increased her target market. With a focus on customer service, Crevi and her co-founder have analyzed data and other forms of client feedback to revamp Bra Lab inventory. Doing so has guaranteed that the company remains strong and innovative without stagnating....
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Are There Health Consequences for Constant Complaining?

Business
In this video, Entrepreneur Network partner Jack Canfield points out the dangerous mental and physical consequences of complaining. Canfield says that complaining encourages mental negativity and does not cultivate the same, more-desired results as positive thinking. Canfield says that complaining also releases cortisol, which is triggered by stress and can lead to health problems like higher cholestrol, diabetes and heart problems. If you find yourself complaining too often and would like to adjust your habits, Canfield recommends engaging in the opposite of complaining -- expressing gratitude. By embracing all the facets of your life you are thankful for, you will gradually see yourself move away from destructive complaining....
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How Cyril Moukarzel Is Using DNA to Create the Future of Personalized Medicine

Business
In this series called Member Showcase, we publish interviews with members of The Oracles. This interview is with Cyril Moukarzel, co-founder and CEO of LifeDNA, a biotechnology company focused on improving lives using genetics. It was condensed by The Oracles.Who are you? Cyril Moukarzel: I am the co-founder and CEO of LifeDNA, a biotechnology company focused on improving lives using genetics. My mission is to save lives by creating the future of personalized medicine using the human genome as a blueprint.Today’s one-size-fits-all approach to medicine is ineffective and dangerous. Adverse drug reactions are the fifth leading cause of death in the U.S. The fundamental reason is the lack of personalization. We are all different, and what makes us different is a combination of our lifestyle, environment, and most importantly, our genetics. Our DNA is the blueprint of our lives, and understanding it is the key to living healthier and longer....
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Don't Let Technology Make Recruiting a Lost Art -- Here's Why.

Business
In 2017, an artificial intelligence (AI)-based software company called Textio raised $20 million and grew its client base by 200 percent, all in the name of transforming the way companies write job descriptions. The announcement of this software, which had been designed to boost diversity and inclusivity by using AI-generated gender-neutral language, was exciting. But it was hardly an isolated event.Related: How Integrating AI Into Recruitment Can Benefit Companies Facing a Labor CrisisIn fact, Textio is one of many technology disruptions currently shaping the future of recruiting.Yet those disruptions aren't all good, because, despite the promise big data offers, AI, machine-learning and other technology-based advances ultimately fail to recognize the reality that executive recruiting is more art than science....
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10 Laws of Social Media Marketing

Business
Leveraging the power of content and social media marketing can help elevate your audience and customer base in a dramatic way. But getting started without any previous experience or insight could be challenging.Related: 5 Social Media Rules Every Entrepreneur Should KnowIt's vital that you understand social media marketing fundamentals. From maximizing quality to increasing your online entry points, abiding by these 10 laws will help build a foundation that will serve your customers, your brand and -- perhaps most importantly -- your bottom line.It's better to specialize than to be a jack-of-all-trades. A highly-focused social media and content marketing strategy intended to build a strong brand has a better chance for success than a broad strategy that attempts to be all things to all people....
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How I Took the Wild Road From Stunts to Safety and Built a Business on What I Learned

Business
So, back in 2006, I'm doing about 70 mph on my motorcycle -- while popping a wheelie, with my feet stuck out over the windshield -- when I make a mistake. Bam. One second, I’m doing a stunt for a movie on a Maryland interstate, making money for doing insanely entertaining tricks on one of my two wheels. The next second, I’m roadkill -- still breathing (fortunately) but splattered and sprawled on the highway, with no way to call for help.Related: This Entrepreneur is Providing a Safety Kit to Women on the RoadsI couldn’t move, at first. And I couldn't reach my cell phone. Time slowed and an eternity passed as my body tried to use up the adrenaline it had pumped out. All I could do was lie there, and think: “You’ve got to be kidding me.”...
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How to Spot an Intrapreneur at Your Company: The 5 Essential Traits to Look for

Business
Within your company there may just be "intrapreneurs" carrying on unnoticed by you. But don't let them carry on unnoticed too long: Instead, you need to spot these people, empower them and retain them -- before you lose them forever.Related: 6 Steps for Turning Your Employees Into IntrapreneursOf course you first have to know what you're looking for. What is an intrapreneur anyway?Quite simply, the term refers to someone within a organization who has the entrepreneurial spirit. These employees show the ability to balance daydreaming and doing. They're the type who'll spend time coming up with innovative new ideas for your business as well as putting in the effort to bring those new ideas to life....
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Launch a Lucrative New Career as an Agile and Six Sigma Expert

Business
One of the “soft skills” you need to run a successful business is organization. You can’t find the best candidates, create the most efficient processes or address complex problems without project management basics.There are plenty of digital tools to help you organize your data and progress, but they won’t be much help unless you have teammates are following smart principles when they use them. The Complete Project & Quality Management Certification Bundle lays out the principles of the most effective project and quality management techniques around.Six Sigma is a set of management techniques that originated in manufacturing plants. It was initially created at Motorola to create highly predictable, customer-oriented processes that would reduce the defect rate of Motorola’s electronics to practically nothing....
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Licensing Snafu Could Cost California Cannabis Growers Thousands in Lost Revenue, Possible Shutdowns

Business
California’s marijuana growers are at risk of losing thousands of dollars in revenue as scores of temporary business licenses expire each day before the state can replace them with annual permits.That leaves many cultivators trapped in a licensing logjam with a difficult choice: Continue operating with expired permits -- or shut down. This is the beginning of the outdoor cultivation season, and many growers went ahead and planted despite knowing their temporary licenses were set to expire -- holding out hope that state regulators would speed up the licensing process and issue annual permits posthaste....
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Use These Steps to Hire the Best Team Every Time

Business
An integral part of being able to grow your company and make sure it thrives is getting the right people on your team. But how do you make sure that you’re hiring the people that are the best fit for the job and your business?Joelle Emerson is the founder and CEO of Paradigm, a company that works with businesses to develop diversity and inclusion strategies across all aspects of the organization. Her work is focused on helping companies hire and retain employees by creating opportunities for everyone to succeed and feel valued. Paradigm’s clients include Airbnb, Pinterest, Twitter, Lyft, Etsy and Spotify....
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Designer Nicole Miller Shares How She's Learned to Embrace Social Media, Influencers -- and the Need for Resiliency

Business
For more than three decades, Nicole Miller has been a stalwart of the American fashion industry. When the designer first launched her eponymous high-end brand in the early 1980s, her pared-down silhouette dresses became almost instantly iconic, quickly earning fashion’s favorite form of flattery: copycat designs.In the years since, Miller has grown her business to include partnerships and collections for such mass retailers as J.C. Penney and Bed Bath & Beyond, giving the entrepreneur and her company household-name status. We checked in with this founder to talk about the past and future of her business, the impact of technology and social media and how even after 30-plus years, Miller still sees lessons she wants to learn....
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Ending Harassment at Work Requires an Intersectional Approach

Business
If your company approaches the problem of sexual misconduct with one-size-fits-all solutions, chances are high you aren’t protecting some of the most vulnerable members of your workforce. The experiences of women of color—and of men of color—are at risk of being misunderstood and undervalued.In the Center for Talent Innovation’s recent study, “What #MeToo Means for Corporate America,” we uncovered a nuanced, at times surprising, portrait of sexual misconduct. Our research illustrates the varied landscapes professional women and men of different backgrounds face when it comes to sexual misconduct. It reveals the ways race and gender intersect to complicate our standard narrative of motive, and our standard image of a senior male perpetrator and junior female victim....
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Teen Sues Apple for $1 Billion Over False Arrest

Business
Apple is facing a billion dollar lawsuit thanks to the facial recognition software used in its stores to track individuals it suspects of theft.As the New York Post reports, on May 31 last year $1,200 worth of merchandise was stolen from an Apple store in Boston. The thief apparently used a stolen ID to identify himself in the store, with that ID actually belonging to 18-year-old Ousmane Bah. The ID did not include a photo, but listed all of his personal details. The thief then went on to steal again at Apple stores in Delaware, Manhattan, and New Jersey.In June, Bah received a Boston municipal court summons and then he was later arrested by the NYPD on Nov. 29. However, according to the lawsuit, the detective involved with the case realized Bah didn't look like the thief when reviewing surveillance footage recorded at the Apple stores....
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This 19-Year-Old Entrepreneur Is Exposing the Secrets of the Billion Dollar Underground Sneaker Market

Business
Brandon Webb has made a living by taking advantage of America's obsession with kicks. The 19 year old based in Los Angeles is the founder of Hypluxe, a members-only community that teaches sales secrets of the massive secondary market for limited-edition sneakers.Webb says he works with a team of experts to secure and re-sell shoes for mindboggling prices. As Webb explained to Entrepreneur, "In 2018 Nike released one of the most coveted sneakers to date, the Off-White Air Jordan 1 ‘White’, for just $190. Today, it will cost you upwards of $3,000 on the resale market to get your hands on a single pair." ...
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The 2 Business Obsessions You Need to Ignore

Business
The following excerpt is from Benjamin Gilad and Mark Chussil’s book The New Employee Manual: A No-Holds-Barred Look at Corporate Life. Buy it now from Amazon | Barnes & Noble | Apple Books | IndieBoundBusiness owners and managers often have numerous obsessions regarding their companies, from reorganization and growth to the use of consultants. Let’s cover two of these to see what they are and why they could hurt your business.Reorganizing has an economic rationale. Markets are Darwinian instruments in the social realm, and to match changes in the market, companies should reorganize at times. It’s an adaptive response....
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Tesla Promises 'One Million Robo-Taxis' in 2020

Business
Two days ahead of its first-quarter earnings disclosure, the company had an event to explain its autonomous technology to investors. The talks were probably denser than the average shareholder was expecting but it was an opportunity to see how Tesla will deliver a self-driving car and it announced that Tesla robo-taxis will be available next year.To kick things off, the company shared that it had built its very own computer for self-driving cars. The neural network chip was built from the ground up; the project started back in 2016. Each computer (which is stored behind the glove box) has redundancy so that if one chip fails, the second chip can take over....
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What Managers Get Wrong About Feedback

Business
Marcus Buckingham, head of people and performance research at the ADP Research Institute, and Ashley Goodall, senior vice president of leadership and team intelligence at Cisco Systems, say that managers and organizations are overestimating the importance of critical feedback. They argue that, in focusing our efforts on correcting weaknesses and rounding people out, we lose the ability to get exceptional performance from them. Instead, we should focus on strengths and push everyone to shine in their own areas. To do that, companies need to rethink the way they review, pay, and promote their employees. Buckingham and Goodall are the authors of the book Nine Lies About Work: A Freethinking Leader’s Guide to the Real World and the HBR article “The Feedback Fallacy.”...
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More Great Tips for Naming Your Business (60-Second Video)

Business
You thought naming your pet goldfish was hard, try naming your business! Here are three tips to help you come up with a great name that connects with customers.Good luck!Watch for 3 Things to Know videos here....
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Avoiding Disruption Requires Rapid Decision Making

Business
To thwart possible disruption, pundits give legacy companies such advice as “disrupt yourself before you get disrupted” or “put frontline employees in charge of strategy and execution.” This counsel is of little help. Military history offers a much better way to respond. We call it tempo-based competition.In 1976, U.S. Air Force Col. John Boyd explained why American fighter pilots had a far higher “kill ratio” (10:1) than opponents in the Korean War. At the time, the commonly held belief was that U.S. pilots were much better trained. If this was true, then dogfight victories should have been evenly distributed among all U.S. pilots. They were not; a few pilots achieved most of the kills while the others had very few, none, or were shot down themselves....
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Three Creative Ways to Acquire Your First Customers

Business
This story appears in the April 2019 issue of Entrepreneur. Subscribe »Cat Chen Founder and CEO: SkylarSales Strategy: Find Mom’s friends!When Cat Chen launched her direct-to-consumer perfume brand, she knew she’d be in for an uphill climb. This isn’t an easy industry to break into -- especially when you’re not in a store to convince people of your quality fragrances. “Some days I didn’t have any orders,” she says. And so, about two weeks into launching, she was just desperate for some kind of validation. “My mom is retired, and she’s part of a group of ladies that basically walk and chat,” Chen says. “I asked her to show my Skylar perfumes to her friends, and she sold 16 bottles in one day.” It was just the pick-me-up Chen needed. Today she’s found validation from consumers, press (including praise from the likes of Elle and Refinery29), and investors (who pitched in $11 million in capital). But her mom’s friends still stand out, she says. “It taught me about the power of ambassadors and people who love your brand,” she says -- and she’s currently creating a formal Skylar ambassadors program to help get the word out and further boost sales. ...
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Robots Are Stealing Our Jobs

Business
Are you worried about losing your job? Perhaps you should be, not because of an influx of illegal immigrants but because of robots.Our jobs are not being stolen, they are being destroyed. A recently released report conducted by the McKinsey Global Institute estimated automation will eliminate 73 million jobs by 2030. While companies spend billions trying to improve efficiency through automation, we are often complicit in the job loss, perhaps without knowing it. Do you pump your own gas? Go to the self serve line at the grocery store? These were jobs once done by people but automation and the eager adoption by consumers eliminated the need for a paid position....
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Your Vision Doesn't Matter Unless You Act on It

Business
Robert Smith, college football analyst for Fox Sports and founder and CEO of Fan Health Network, talks about the lessons he’s learned about scaling a business, as well as the role that execution and vision play in a leader’s success.Related: How This Croatian Basketball Player Made His NBA Dream Come True...
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What Process Mining Is, and Why Companies Should Do It

Business
There have long been a few fundamental challenges associated with business process management, at least for as long as the two of us have been involved with the field (forty years or so, for better or worse). Two of the most troublesome problems, in our view, are at least partially responsible for the fact that process management and improvement is, among many companies, a back-burner issue at the moment. But a relatively new and innovative technology, process mining, has the capability to solve both of the problems and to revitalize process management in firms where it has lain fallow for years....
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Cannabis Retailers Need Answers to These 6 Questions Before Choosing an Ecommerce Partner

Business
Ecommerce is becoming a vital component of the cannabis customer journey. Letting people shop for cannabis like they shop for everything else just makes good business sense. Customers (or patients, depending on which state you’re talking about) want to peruse your menu, place orders for pickup or delivery, and do everything they are accustomed to when ordering detergent, shoes or a California burrito.There are several ecommerce providers in the space, all with vastly different core competencies and value propositions. Here are some key questions to ask your prospective provider to ensure you can acquire and retain loyal online shoppers -- and crush the competition....
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How Entrepreneurs Can Learn to Embrace Stress

Business
Everywhere you turn, people are trying to chill out. From yoga to meditation to sensory deprivation float tanks, it seems we’re all seeking new ways to combat stress and anxiety -- and the data backs up our collective pursuit of Zen.According to a survey from the U.S. Centers for Disease Control and Prevention, about 70 million adults now practice either yoga or meditation. Between 2012 and 2017, the number of Americans who did yoga increased by 55 percent, while those who practice meditation nearly tripled.Many founders are intimately acquainted with stress. Change, uncertainty, financial pressure and competition can be a potent cocktail at every stage of the journey. I started my company, JotForm, 13 years ago, so I understand these challenges firsthand....
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Inbox Zero Won't Solve Your Email Problem

Business
How big is the office email problem?Statistics vary, depending on the studies you look at and which specific groups of workers the studies focus on. However, according to one study from the McKinsey Global Institute, you’ll spend on average over one-fourth of your time at the office dealing with email. That amounts to roughly 13 hours a week, or about 650 hours each year.Moreover, that same study shows that every time you read or send an email, it’ll take you 90 seconds to return to whatever you were doing before the email interrupted your workflow.In 2007, Merlin Mann suggested “inbox zero” as a better way to manage the distractions of email. With stringent processing rules, this idea promises that if you apply them for every single email in your inbox, at the end of the workday you’ll have an empty inbox—hence, Inbox Zero....
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The Importance of Having an Anti-Role Model

Business
Take a moment and think about your childhood. Who were the people you admired and looked-up-to? Did they inspire and motivate you? Have they shaped who you are as a person today?Growing up there were a handful of people that I idealized. Some of the people I considered greats were my grandfather, eighth-grade social studies teacher and superstars like Micheal Jordan -- just to name a few "greats" who come to mind.I honestly believe that I’m the person I am today because these individuals helped me determine my moral compass, find my passion and learn that with hard work and dedication you can accomplish anything. Even in adulthood there are people worth considering as role models. The person could be a fellow entrepreneur or a successful person you read about, like Bill Gates. The admired one could be a leader such as a past president, mentor or coach that you met at university or someone at a conference....
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Exploding Vehicle in Shanghai Hurts Tesla Stock

Business
Netflix and other technology stocks helped the Entrepreneur Index™ post a small gain of 0.22 percent today.The major stock indexes were also flat, with the S&P 500 and Nasdaq Composite indexes posting small gains while the Dow had a small loss.The four FAANG stocks that are part of the Entrepreneur Index™ were all up smartly on the day, with Netflix, up 4.81 percent, posting the biggest gain on the index. Investors appear to have gotten over the slightly cautious guidance the company issued for the second quarter in its earnings release last week. The stock is up 40.4 percent so far this year....
DailyHum News
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Ways to Lead Agencies and Outside Firms Like They're Part of Your Team

Business
Small-business owners are some of the busiest people in the industry. In fact, one study found that 72 percent of surveyed owners felt consistently overwhelmed by their responsibilities. The precarious balancing act of managing a small business while focusing on growth means responsibilities like public relations and marketing can slip through the cracks when time and money come up short.A small-business marketing trend report found that the majority of the surveyed small-business owners were dissatisfied with the marketing tactics they themselves implemented.Outsourcing work like marketing allows someone else to be the expert for you, while you focus on what makes you an expert in your business. Even at the large scale in which the The UPS Store operates, we have recognized that we can’t do it all ourselves. Externally, we work with multiple agency partners to assist us in those areas. In my current and previous roles at different companies, I like the agencies to meet, communicate and collaborate....
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What the Chronic Cup Taught Us About the Canna-Business

Business
I recently had the opportunity to judge the Chronic Cup in San Francisco. The Shark Tank-ish pitch event awarded $10k to a variety of California-focused cannabis startup. It was sponsored byFLOWER CO, an online, subscription-based wholesale company that bills themselves as the “Costco of Cannabis.” Flower and Co recently made waves with their own startup accelerator pitch, and this event was their way to pay it forward. The Chronic Cup contestants represented the many faces of the cannabis industry. There were two former Airbnb employees pitching their company Berbix, a software system to automate your ID checks. A lupus survivor pitching The People’s Dispensary which was aimed at empowering the community. Potli, a company that produces premium hemp-infused honey, olive oil, and chili oil using a secret family recipe. And a mobile app called Entrc that gives cannabis producers metrics and insights....
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How Raising Your Prices Can Actually Help You Make More Sales

Business
In this interview, Emily Richett takes us inside Funnel Hacking Live, Clickfunnels’ annual business conference, to talk with Adam Hudson about how to sell on Amazon.Hudson, founder of one of the top Amazon courses online, began his journey as an Amazon entrepreneur by selling selfie sticks with his business partner. Hudson came close to giving up; potential customers were looking at the newly launched products, but no one was buying them.Then Hudson and his partner decided to implement raise their prices. “We said, 'The price is going up at the end of the week.' What we were missing is a reason to act now,” explains Hudson. “We made a hundred and something thousand dollars that week and everything changed from there.”...
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Step into the Spotlight

Business
From the Women at Work podcast:Listen and subscribe to this podcast via Apple Podcasts | Google Podcasts | RSSThere are lots of ways to get visibility at work: give a presentation, speak up in a meeting, have lunch with a senior leader. When done well, in front of people with influence, these actions can lead to a promotion, a raise, or more resources for your team. But research shows there are sound reasons women sometimes decide to not be more visible and instead quietly push forward projects or stay behind the scenes.In this live episode, recorded at Sixth & I in Washington, DC, we get advice from Muriel Maignan Wilkins on navigating the spotlight, offer managers tips on making visibility easier for women, and take questions from the audience....
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Why Young Professionals Don't Negotiate Salary (and Why They Should)

Business
Salary negotiation is a pivotal step when you're interviewing for a new job. It’s your chance to get paid what you’re worth (or get closer to that figure), and could establish your financial trajectory at your new company for years to come.Related: 5 Rules of Salary NegotiationAccording to a 2018 survey from Robert Half, only 39 percent of people polled said they'd asked for more money upon receiving their latest job offer. In other words, more than half of all new hires accepted whatever they were offered, with no attempt at negotiation.And that indicates that among millennials and young adults, negotiation is especially rare; in fact, only 37 percent of millennials have ever asked for a raise, according to Payscale....
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Was That CBD Gum Tiger Woods and Phil Mickelson Chewed During the Masters?

Business
Tiger Woods completed one of the greatest comeback stories in sports this past weekend by winning the Masters It’s his first major tournament victory following an 11-year drought that included national scandals, a debilitating back injury, and more. At various points, commentators said any remaining hope around a Tiger comeback was delusional. He’d never win another major tournament, they said.But Woods proved all the doubters wrong by coming from behind in his victory at Augusta, a feat he’d never previously accomplished. So what was his secret? Long-time fans and golf watchers surely noticed at least one significant change in behavior from Tiger -- he was chewing gum. Like, a lot of gum. Whenever the camera cut to Tiger, it seemed his molars were always moving....
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7 Essential Strategies You Can Use to Grow Your Business

Business
In this video, Entrepreneur Network partner Brian Tracy explains a few attributes that are necessary to be successful in the business world. To start, you must have a product that is needed by the marketplace and which is reasonably priced. If you own your business, you should be on location almost all the time and be very hands-on. A significant part of running a business is being willing to get into the nitty gritt of the business and even tackle the small tasks. Tracy compares a business owner's responsibility to a physican's, because both should always be ready to take charge. Stay positive and optimistic. Things will always be going wrong in business, but it's important to avoid feeling down. You must consistently searching for the silver lining and look for learning moments when things don't go as planned....
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The Rapid Growth of Digital Business in Africa

Business
The latest technology firm to list on the New York Stock Exchange is not from Silicon Valley but from Africa. Jumia, an e-commerce platform with over 4 million customers in 14 African countries, saw its shares jump by around 70% on its NYSE debut day on April 12th. That put the company’s market capitalization at close to $2 billion, cementing its status as Africa’s first technology unicorn.Jumia’s successful NYSE listing is a timely reminder of Africa’s rapid digitization — a trend that has been hidden from the view of many global investors and executives. Africa already has 122 million active users of mobile financial services, more than half the global total. Its number of smartphone connections is forecast to double from 315 million in 2015 to 636 million in 2022 — twice the projected number in North America. Over the same period, mobile data traffic across Africa is expected to increase sevenfold....
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The Far-Reaching Impact of Embedding a Sustainable Workplace Culture for World Earth Day -- Today!

Business
Businesses are in a unique position to make a significant difference to the physical, structural and cultural environment we work in today. It’s no longer just the health of our workforce you need to be conscious of -- you also have a responsibility toward our environment.Related: It's Official: Customers Prefer Sustainable CompaniesThe good news? Living up to this responsibility won’t stand in the way of your business priorities, only reinforce them. And that's a good message to spread this Earth Day 2019.After all, the next generation of talent is predicted to account for over 35 percent of the global workforce by next year, but the general consensus is that they are the most difficult audience for businesses to engage. In recent research, 75 percent of HR professionals surveyed in the U.K. and United States said that they had experienced an average employee turnover rate of up to 30 percent each year....
DailyHum News
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How Third-Party Information Can Enhance Data Analytics - SPONSOR CONTENT FROM DELOITTE

Business
Companies know they can gain valuable insights by analyzing the data they generate from their operations. But internally generated information can leave gaps, and companies are increasingly moving to incorporate new, nontraditional, and external sources of data into their analyses. This data can include almost anything, from historical demographic and weather data to satellite imagery and private company information.Companies increasingly operate as part of networks consisting of business partners, such as suppliers, resellers, channel partners, regulators, and other stakeholders. These networks are often globally distributed and potentially affected by economic, political, and/or environmental factors. Analyzing external data can help companies see the risks and opportunities that they would miss with inputs limited to data generated from internal operations, customers, and first-tier suppliers. Analyzing external data can illuminate how factors such as shifting consumer behaviors, competitor initiatives, or geopolitical events can affect a business....
DailyHum News
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These Types of Music Will Improve Your Productivity

Business
Are you struggling with productivity? Want to tune out all of those distractions? Here are three types of music that will give you a major boost in productivity.First, classical music. Classical music is known for being calming, relaxing and helping reduce stress. Researchers have long claimed that listening to classical music can help people perform tasks more efficiently. Second, nature music. Nature sounds can help people perform tasks more efficiently. Nature sounds work best when they’re soothing sounds, such as flowing water or rainfall. Don't go with the bird calls and animal noises for this one....

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