Wednesday, May 6, 2015
Top Entrepreneur News

Wed, 06 May 2015 23:00:00 -0500

It turns out all those lost lives in Super Mario Bros. translates into great business experience.

Wed, 06 May 2015 22:30:00 -0500

When facing a technological crossroad, you must ensure you're targeting platforms that best serve your product and your audience.

Wed, 06 May 2015 22:00:00 -0500

Fueled by our love for video and visual content, startups need to ensure they are making the best use out of this strategy.

Wed, 06 May 2015 21:45:00 -0500

What other small business owners can learn from this restaurant's approach to customer service.

Wed, 06 May 2015 21:30:00 -0500

Worried about Google's new algorithm? Consider these five strategies for optimizing mobile and making your content more sociable.

Wed, 06 May 2015 21:15:00 -0500

Yes! Stepping away from the cubicle improves focus and well-being and boosts energy.

Wed, 06 May 2015 21:00:00 -0500

Taking the time to reflect on your business keeps one focused on the objective, working toward goals and grateful -- yes, grateful -- for bumps in the road.

Wed, 06 May 2015 20:43:12 -0500

Shares were up about 7 percent in extended trading hours.

Wed, 06 May 2015 20:30:00 -0500

Since you are entering a new phase in your life, the last thing you need to do is to be carrying past obligations into your new future.

Wed, 06 May 2015 20:15:00 -0500

Inspiring, influential reads for every entrepreneur.

Wed, 06 May 2015 20:00:00 -0500

You may know exactly where you are today, but you don't, can't and shouldn't know where exactly you're headed tomorrow.

Wed, 06 May 2015 19:30:00 -0500

Being really clear about these three things helps you keep your head straight.

Wed, 06 May 2015 19:30:00 -0500

Answering a few key questions can make business plan writing a little easier.

Wed, 06 May 2015 19:15:00 -0500

The goal is to drive personalized campaigns, both on the social network and across other digital channels.

Wed, 06 May 2015 19:00:00 -0500

Our expert this month is looking to take your questions pertaining to HR – everything from hiring to managing employees and letting people go.

Wed, 06 May 2015 18:45:00 -0500

Entrepreneurs can be successful even in the worst of times, but let's hope they aren't forced into that position for much longer.

Wed, 06 May 2015 18:38:56 -0500

The smartwatch has only been available for a little more than a week, but early adopters and reviewers have already pointed out some of its shortcomings.

Wed, 06 May 2015 18:30:00 -0500

The less a person knows about marketing, the easier it is to underestimate it's potential to grow the business.

Wed, 06 May 2015 18:15:00 -0500

Always going for a knockout is a losing strategy. The pros know that little moves build up to success.

Wed, 06 May 2015 18:00:00 -0500

Young entrepreneurs should realize that while they're scared, everyone's scared.

Wed, 06 May 2015 17:50:00 -0500

With both chains recently teaming up with Postmates to offer delivery for the first time, we decided to see who came out on top in the battle of the brands.

Wed, 06 May 2015 17:30:00 -0500

Once you decide you want your new business to be a corporation, follow these steps.

Wed, 06 May 2015 17:15:00 -0500

Take a peek into the daily lives of successful individuals through images and 15-second video clips.

Wed, 06 May 2015 17:00:00 -0500

Whether it's because retirement is boring or unaffordable, the boomer generation is embracing business ownership.

Wed, 06 May 2015 16:59:57 -0500

Truck yeah. Daimler went big, bold and driverless last night, debuting America's first street-legal self-driving commercial freightliner on the Hoover Dam.

Wed, 06 May 2015 16:30:00 -0500

An earpiece for noisy situations raises millions

Wed, 06 May 2015 16:00:00 -0500

There's arguably no one better on the internet when it comes to explaining new technologies to the average consumer.

Wed, 06 May 2015 16:00:00 -0500

Mobile optimization has moved from nicety to necessity. Are you ready?

Wed, 06 May 2015 15:45:00 -0500

Your dress, body language and keen observation of others can dramatically increase your influence at meetings.

Wed, 06 May 2015 15:30:00 -0500

Providing a means for consistent employee input gives leaders what they need to know.

Wed, 06 May 2015 15:16:45 -0500

Pre-orders for 'Rift' will start later this year.

Wed, 06 May 2015 15:15:00 -0500

A deliberative, thoughtful process for making decisions doesn't guarantee a good result but it makes one more likely.

Wed, 06 May 2015 15:14:00 -0500

This company takes team building to a whole new level – literally.

Wed, 06 May 2015 15:07:41 -0500

The San Francisco startup offers free HR software to small and medium-sized businesses, and makes money by collecting commissions from benefits providers.

Wed, 06 May 2015 15:00:00 -0500

The trajectories of the two business models diverged sharply over the past couple years, although both continue to struggle with customer retention.

Wed, 06 May 2015 14:54:00 -0500

An urban legend became high-tech reality this week when a quick-thinking mom sent out a cry for help through a pizza-delivery app.

Wed, 06 May 2015 14:30:00 -0500

An entrepreneur who serves as CEO of a company he launched has found the two roles are very, very different.

Wed, 06 May 2015 14:15:00 -0500

Expect luxury suites and Michelin-rated dining in the front of the cabin.

Wed, 06 May 2015 14:00:00 -0500

A new relationship-whether personal, romantic, or professional-is a lot like buying a new car. Let me explain.

Wed, 06 May 2015 13:45:00 -0500

The iPhone maker prepares to debut a new version of the Beats Music streaming service.

Wed, 06 May 2015 13:30:00 -0500

There's a clear, growing demand for women in leadership positions, so what are you personally doing to fill it?

Wed, 06 May 2015 13:25:00 -0500

We asked six nationally celebrated entrepreneurs to share how they stay grounded amid the turbulence of running a business.

Wed, 06 May 2015 13:02:00 -0500

Shares of Salesforce were briefly halted following rumors of Microsoft's intention to submit a takeover bid for the cloud software company.

Wed, 06 May 2015 13:00:00 -0500

This innovative pod was designed to mitigate daily distractions. But you can take simple steps to boost focus in any office.

Wed, 06 May 2015 12:45:00 -0500

Highland Capital Partners is now led by one of its Palo Alto-based partners.

Wed, 06 May 2015 12:30:00 -0500

When it comes to business, this crew doesn't mess around.

Wed, 06 May 2015 12:00:00 -0500

There's an enormous audience of advocates you may be missing out on.

Wed, 06 May 2015 11:30:00 -0500

We can never be certain we will achieve our lofty ambitions but we are sure to regret it if we never try.

Wed, 06 May 2015 11:00:00 -0500

For this veteran couple, becoming Window Genie franchisees is the perfect post-military career.

Tue, 05 May 2015 23:00:00 -0500

Keeping the following in mind will lend an edge to filling market voids and successfully disrupt established players in almost any entrepreneurial arena.

Tue, 05 May 2015 22:45:00 -0500

How rethinking the review process can significantly improve employee engagement and performance.

Tue, 05 May 2015 22:30:00 -0500

With proper strategy, clarity, market understanding and action planning, you can increase your chances of success.

Tue, 05 May 2015 22:00:00 -0500

Why people are as important as products in these initial funding rounds.

Tue, 05 May 2015 21:45:00 -0500

Looking beyond on-staff positions might be your company's answer to a skills gap, scaling with agility or finding new opportunities.

Tue, 05 May 2015 21:30:00 -0500

Bringing in a partner or investors could lead to significant growth.

Tue, 05 May 2015 21:15:00 -0500

These 10 3D-printed items prove there's more to the office 3D printer than the obvious.

Tue, 05 May 2015 21:03:44 -0500

You don't have to wait until after graduation to run your own business. From inception to launch, here's how to start up while you're still a student.

Tue, 05 May 2015 21:00:00 -0500

Three questions to consider before you decide.

Tue, 05 May 2015 20:41:00 -0500

The president of the popular dating app hinted at the company's future.

Tue, 05 May 2015 20:30:00 -0500

These approaches will help you build a scrappy team who will argue, push and demand more of those around them.

Tue, 05 May 2015 20:15:00 -0500

From lower costs and easier ways to collaborate, all owners could benefit from the switch.

Tue, 05 May 2015 20:00:00 -0500

They're an easy way to delight consumers but they also work to reach a national audience as new-age marketing platforms.

Tue, 05 May 2015 19:30:00 -0500

The pizza chain is testing a tracker that lets customers know exactly where their orders are at nearly 80 locations in Texas.

Tue, 05 May 2015 19:30:00 -0500

A discouragingly high percentage of apps fail to make money. Poor marketing is often the reason.

Tue, 05 May 2015 19:24:00 -0500

In a conversation at TechCrunch NY, the co-founder and CEO spoke about not letting chatter about his company affect his point of view.

Tue, 05 May 2015 19:15:00 -0500

Product selling, solution selling, and insight selling: Do you know the differences?

Tue, 05 May 2015 19:00:00 -0500

Entrepreneurs trying to break into the app industry are presented with their own set of challenges. '

Tue, 05 May 2015 18:54:57 -0500

With the easing of relations between the two countries, U.S. companies can finally enter and do business in the long-forbidden Cuban market.

Tue, 05 May 2015 18:45:00 -0500

Thanks to Amazon. Here's why.

Tue, 05 May 2015 18:30:00 -0500

A small-but-regular effort to build a social media presence can pay substantial marketing dividends.

Tue, 05 May 2015 18:15:00 -0500

If you haven't put much thought or effort into your onboarding process in the past, the following tips will ensure that your relationship starts out on solid ground from day one.

Tue, 05 May 2015 18:00:00 -0500

You may think you're ready to hire an agency, but are you really? Test yourself with these queries.

Tue, 05 May 2015 17:45:00 -0500

A good first impression is wasted unless you take the next step of building a relationship.

Tue, 05 May 2015 17:43:19 -0500

'Enough about you. Let's talk about me.'

Tue, 05 May 2015 17:43:00 -0500

T-Mobile has co-opted an existing Verizon ad campaign and is offering Verizon customers a free two-week trial in hopes of luring them away from the provider.

Tue, 05 May 2015 17:30:00 -0500

The biggest fallacy in the discussion of living wage is looking at the issue from a moral point of view.

Tue, 05 May 2015 17:05:00 -0500

Ethos Water has a noble mission of funding water and sanitation programs in other countries, but its source is reportedly water-deprived California.

Tue, 05 May 2015 17:00:00 -0500

Because great ads are more than just words.

Tue, 05 May 2015 16:45:00 -0500

New York City's association with Wall Street, big banks and hedge funds eclipses the fact it is home to a thriving startup culture.

Tue, 05 May 2015 16:30:00 -0500

Two entrepreneurs are singing the praises of cricket-based protein bars.

Tue, 05 May 2015 16:00:00 -0500

And if it is, is your kind of disruption undisciplined or groundbreaking? 4 measures you can use to find out.

Tue, 05 May 2015 15:45:00 -0500

Set up a mock phishing email among your employees to see who takes the bait -- and who's the most gullible.

Tue, 05 May 2015 15:37:00 -0500

The search giant's acquisition of Timeful is a play to make products such as Gmail, Calendar and Inbox more efficient at organizing and scheduling events.

Tue, 05 May 2015 15:30:00 -0500

To understand how work and life fit together for an entrepreneur, we have to stop treating the two issues separately

Tue, 05 May 2015 15:15:00 -0500

Don't take it personally.

Tue, 05 May 2015 15:00:00 -0500

The Shark Tank star offered one legal startup some critical advice.

Tue, 05 May 2015 14:45:00 -0500

For a glimpse of what is, what might have been and what may lie ahead in wearable devices, look beyond branded tech and Silicon Valley startups.

Tue, 05 May 2015 14:30:00 -0500

Making learning -- especially about customers' changing needs -- a part of your business' DNA is key for success.

Tue, 05 May 2015 14:15:00 -0500

Networking is about more than gathering business cards.

Tue, 05 May 2015 14:00:00 -0500

Learn to reach your target audience and discover how to profit from your podcasts.

Wed, 06 May 2015 21:43:00 -0500

Everyone has awful networking stories. So, if you meet with someone who is a terrible networker, use these strategies to preserve your sanity—and maybe even help someone else from replicating that mistake.

Wed, 06 May 2015 21:13:00 -0500

Is Marissa Mayer's Yahoo all that different than Carol Bartz's Yahoo? I don't think so.

Wed, 06 May 2015 19:55:00 -0500

Well that was something. Today was the third part of Bungie’s livestream debut of House of Wolves, the upcoming Destiny DLC that aims to provide fresh content for the game. The first stream showed how guns and armor would be upgraded, and was a walking tour of the new social space [...]

Wed, 06 May 2015 17:47:00 -0500

Would you like to know the secret to improving the performance levels of your employees? Let them know they matter. Give them credit for their hard work. And, in the touching farewell words of Oprah Winfrey when she signed off from her daily talk show, “Validate them.”

Wed, 06 May 2015 14:55:00 -0500

I’m a father of a 6-year-old tee-ball and flag football player and, to be honest, he has not been the star of any team he’s been on so far. Regardless, I want him to know he can bring other “talent” to the team. Before we head to the field for [...]

Wed, 06 May 2015 13:35:00 -0500

Walt Disney and Marvel dropped an Ant-Man theatrical poster this morning. It's perfectly fine, with its title hero heroically standing (ironically) tall while his supporting cast (and said hero outside of the suit) surrounds him in a vague bubble fashion. It's not quite floating heads, and they deserve brownie points for including basically the [...]

Wed, 06 May 2015 10:01:00 -0500

At many high-flying tech companies, recruiting systems are fundamentally broken. Airbnb cofounder Joe Gebbia helped develop new, kinder systems that kill the chaos.

Wed, 06 May 2015 10:00:00 -0500

Overhyped cryptocurrencies like Bitcoin may grab the attention, but Visa CEO Charlie Scharf has quietly put a $6.8 trillion stranglehold on the world's commercial transactions. Surprise! It's already here.

Wed, 06 May 2015 07:38:00 -0500

Last week, the FOWCommunity (that I helped create) held our first future of work forum in San Francisco. We had around 40 attendees that were hosted at the corporate offices of Udemy and Polycom took everyone out to dinner. The goal of the community and the forum is to bring [...]

Fri, 01 May 2015 12:13:00 -0500

It would be almost three hours until Tesla's big announcement, but inside a Northwestern University classroom near Chicago Thursday night, the famed nuclear critic Arnie Gundersen had the inside scoop: Tesla Motors CEO Elon Musk was about to announce an industrial-scale battery, Gundersen said, that would cost about 2¢ per kilowatt hour to use, putting the final nail in the coffin of nuclear power.

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Networking Grows A Business
By Ray Yono :: Saturday, January 19, 2008 :: 19831 Views :: Article Rating :: Business & Finance, Chaldean American Professionals

When Joseph Garmo attended a Chaldean wedding, he never imagined that he would hear the benefits of his own product begin shared by a fellow guest. 

There at the table, says Garmo, another guest seated with the group began to share his excitement for a new product our firm developed to help reduce check cashing fraud.  "It was like a totally unsolicited sales pitch" for the Michigan-based firm helping the Chaldean community deal with the rash of check fraud.  “The Michigan economy is horrible. Add low morals with a poor economy and you get lots and lots of crime,” says Garmo.  “Chaldeans in large part are victims of these crimes and not much is done to help them.  We wanted to change that.”

Garmo explains how the table guest began what would continue on as a 15- to 20-minute discussion between the guests at the table about his company's product. “It was hard to keep quiet, but I did.  I wanted to hear what they would say,” he says. “I wanted to learn if our idea could make a difference.”

It was also the moment he realized the power of his connections. He hadn't spent a dime on marketing his product and before him was a table filled with his target market discussing his Check cashing prevention system.  Listening to the Chaldean business talk, Garmo realized where the guest had learned about his product. 

How did he do it?

Like many successful Chaldean entrepreneurs, Garmo tapped an age-old marketing technique: networking. Garmo had long attended the traditional Chaldean gatherings like funerals and weddings.  However, when invited to join a professional networking group called  CAP (Chaldean American Professionals) things dramatically changed for Garmo. 

CAP is a networking organization of Chaldean professionals that collaborate and share expertise as well as work to build new business.  The group meets monthly at the Chaldean community hall in Southfield.  Garmo decided to carve out a few hours to meet and network with other Michigan professionals.  It turned out to be a great decision.

At the meeting Garmo shared a few sample check scanner devices that connect to a computer.  The device scans the check, connects to the various banks to ensure there are sufficient funds, and confirms that the holder of the check has the right to cash the note.  The device also scans the fingerprint and drivers license of the customer, all of which run an immediate background check on the customer for outstanding issues. 

Garmo gave out a few of the devices, which seemed to have traveled from one person to another.  “I never thought it would get such great attention.  From that one network meeting, the news about the new product traveled very fast,” says Garmo.   “The few people I knew had a much longer list of people in the check cashing business.  Plus, I learned a great deal about their businesses and what they would like to see in future upgrades.”        

For professional Chaldean entrepreneurs -- especially those new to a specific industry -- utilizing community contacts and cultivating new ones via networking can lead not only to future sales but also to the value obtained by learning more about a specific industry. After all, knowing who the go-to people are at various companies is never as good as an introduction from a colleague they regularly lunch with.

The Chaldean American Professionals offer ten tips to help Chaldean entrepreneurs successfully network:

Keep in mind that networking is about being genuine and authentic, building trust and relationships, and seeing how you can help others as much as you would like them to help you. 

Ask yourself what your goals are in participating in networking meetings so that you will pick groups that will help you get what you are looking for. Some meetings are based more on learning or volunteering rather than on strictly making business connections.  Groups like the Chaldean American Professionals are strictly about making business connections.

Visit as many groups as possible that spark your interest. Notice the tone and attitude of the group. Do the people sound supportive of one another? Does the leadership appear competent? Many groups will allow you to visit two times before joining.

Hold volunteer positions in organizations. This is a great way to stay visible and give back to groups that have helped you.

Ask open-ended questions in networking conversations. This means questions that ask who, what, where, when, and how as opposed to those that can be answered with a simple yes or no. This form of questioning opens up the discussion and shows listeners that you are interested in them.

Become known as a powerful resource for others. When you are known as a strong resource, people remember to turn to you for suggestions, ideas, names of other people, etc. This keeps you visible to them.

Have a clear understanding of what you do and why, for whom, and what makes you special or different from others doing the same thing. In order to get referrals, you must first have a clear understanding of what you do that you can easily articulate to others.

Be able to articulate what you are looking for and how others may help you. Too often people in conversations ask, "How may I help you?" and no immediate answer comes to mind.

Follow through quickly and efficiently on referrals you are given. When people give you referrals, your actions are a reflection on them. Respect and honor that and your referrals will grow.

Call those you meet who may benefit from what you do and vice versa. Express that you enjoyed meeting them, and ask if you could get together and share ideas.