Monday, July 28, 2014
Top Entrepreneur News

Mon, 28 Jul 2014 12:00:00 -0500

A cautionary tale, and some questions to consider when collaborating and facing a major compromise.

Mon, 28 Jul 2014 11:30:00 -0500

When his father died, it was Mark Calis's turn to step up as co-owner of a Minuteman Press with his mother.

Mon, 28 Jul 2014 11:30:00 -0500

Nobody knows everything, even in their own field. This lawyer got herself into trademark difficulty that a few simple steps would have avoided.

Mon, 28 Jul 2014 11:00:00 -0500

You don't have to be born with the gift of gab to become an expert communicator. Here are six tips for better speaking and listening.

Sun, 27 Jul 2014 18:00:00 -0500

These 20 proactive and budget-friendly tips will help you maximize your time off.

Sun, 27 Jul 2014 16:00:00 -0500

Splash is the first platform that allows users to manage the entire life-cycle of an event.

Sat, 26 Jul 2014 19:00:00 -0500

Just because you own a franchise, a business with proven systems and tested procedures, doesn’t mean you can kick back and chillax.

Sat, 26 Jul 2014 16:00:00 -0500

The newest trends in workplace design highlight employee choice, wellness, lifestyle amenities and opportunities for mentorship.

Sat, 26 Jul 2014 13:00:00 -0500

A look at URLs that have sold for $1 million or more.

Sat, 26 Jul 2014 10:00:00 -0500

A reading list ranging from the cutting edge of social media to wisdom from decades past that is relevant for all time.

Fri, 25 Jul 2014 23:00:00 -0500

In delivering a business pitch about a novel invention, be sure to bolster your presentation with facts and know your audience.

Fri, 25 Jul 2014 22:30:00 -0500

A Bay Area manager shares some new-company growing pains.

Fri, 25 Jul 2014 22:00:00 -0500

Of course you want the fattest profit margin you can earn, so don't undercut yourself trying to achieve it.

Fri, 25 Jul 2014 21:30:00 -0500

Around the world, organizations are doing good things to revitalize the places where they reside.

Fri, 25 Jul 2014 21:00:00 -0500

If you're plagued by a half-finished to-do list, and partially completed projects are taking over your life, here's a plan.

Fri, 25 Jul 2014 20:30:00 -0500

Video content is heating up the Internet. Entrepreneurs can jump on this bandwagon by producing simple explainer videos.

Fri, 25 Jul 2014 20:00:00 -0500

A company president reveals the secrets he wished he knew when he was a young manager starting out.

Fri, 25 Jul 2014 19:37:00 -0500

Preliminary discussions between Mark Zuckerberg and Travis Kalanick point to the social network's stated desire to diversify and monetize its messaging platform.

Fri, 25 Jul 2014 19:30:00 -0500

Results are often thwarted by factors beyond our control. Leaders build winning teams by focusing on what they can control.

Fri, 25 Jul 2014 19:00:00 -0500

Take a page from the journalist playbook and learn how to research, conduct and write interviews -- skills that will help you get your business’s message across.

Fri, 25 Jul 2014 19:00:00 -0500

Making a team from a staff working on separate continents requires more than just technology. Only the team leader can bring them all together.

Fri, 25 Jul 2014 18:30:00 -0500

As people are trying to navigate away from the 'corporate jungle' towards the land of supposed 'entrepreneurial utopia,' a lot of misconceptions arise. Here are five big ones.

Fri, 25 Jul 2014 18:10:00 -0500

After its first launch was held up by New York State Supreme Court, the San Francisco-based company is set to hit the streets in the Big Apple starting tonight.

Fri, 25 Jul 2014 18:09:00 -0500

We don't like to talk about faith, but it is a key component in letting go of situations we can't control.

Fri, 25 Jul 2014 18:00:00 -0500

Author of book on inventing shares his secrets that landed his book near the top of an Amazon chart.

Fri, 25 Jul 2014 17:30:00 -0500

Selling has very little to do with what you sell and everything to do with how you sell yourself.

Fri, 25 Jul 2014 17:03:00 -0500

Laugh. Watch Will Ferrell movies. Kiss your kids. Intentionally sweat. Stay hydrated.

Fri, 25 Jul 2014 17:00:00 -0500

To start a successful business, you'll have to quickly learn some techniques that aren't in any book.

Fri, 25 Jul 2014 17:00:00 -0500

Here's the first step to becoming more deliberate and intentional in your communication with others.

Fri, 25 Jul 2014 16:43:00 -0500

Big data, meet genetic data. Baseline Study, a Google X project, will collect genetic information from volunteers in order to refine the detection and prevention of diseases.

Fri, 25 Jul 2014 16:30:00 -0500

In the age of social media, the best publicity stunt reverberates with many echoes.

Fri, 25 Jul 2014 16:00:00 -0500

Our annual Best Cities feature explores the hot spots for specific business categories.

Fri, 25 Jul 2014 15:41:00 -0500

The latest Google Glass ban does not bode well for widespread adoption.

Fri, 25 Jul 2014 15:30:00 -0500

Three things that will transform any woman into an entrepreneur.

Fri, 25 Jul 2014 15:30:00 -0500

The online retail giant said it expects an operating loss of as much as $810 million for the current quarter, sharply below analysts' estimates.

Fri, 25 Jul 2014 15:25:00 -0500

Shares of the Mexican-style chicken franchise were off to a strong start on their first day of trading.

Fri, 25 Jul 2014 15:00:00 -0500

Take these habits to heart for a good night's rest.

Fri, 25 Jul 2014 14:30:00 -0500

You've paid your tuition in sweat to learn what you know about your company, your market and your industry. Applying that knowledge doesn't require a detour to grad school.

Fri, 25 Jul 2014 14:15:00 -0500

For true engagement, companies need to communicate with all their staff – and not just the ones with corporate email. Red e App founder Jonathan Erwin explains more.

Fri, 25 Jul 2014 14:00:00 -0500

Strategic investment in travel can save both money and time.

Fri, 25 Jul 2014 13:30:00 -0500

Distractions are plentiful when you are home, and often it’s only the most disciplined who can remain productive and efficient.

Fri, 25 Jul 2014 13:00:00 -0500

Mobile Roadie CEO Michael Schneider breaks down the qualities of a good app.

Fri, 25 Jul 2014 12:30:00 -0500

Don't succumb to life's pressures and an eventual burnout. Try these activities to find a happy medium between life and work.

Fri, 25 Jul 2014 12:00:00 -0500

Tips for providing answers and advice with confidence and without sounding like a jerk.

Fri, 25 Jul 2014 11:30:00 -0500

Over the last decade, Eric Dore and Shane McGuiness have seen Planet fitness grow from a regional fitness chain to an 800-plus location franchise.

Thu, 24 Jul 2014 23:00:00 -0500

Trademarks are inexpensive to obtain and grow in value as your business grows. It is never too early to trademark your brand

Thu, 24 Jul 2014 22:30:00 -0500

The three spots where product development startups are most likely to stumble - and how to get around them

Thu, 24 Jul 2014 22:00:00 -0500

Continuous delivery allows companies to deploy smaller sets of features more frequently.

Thu, 24 Jul 2014 21:30:00 -0500

The latest technological advances promise increased efficiency and productivity but have prompted even more labor. Here's one entrepreneur's solution.

Thu, 24 Jul 2014 21:00:00 -0500

We’ve all heard the saying that 'a team is only as strong as its weakest link,' but the number of business leaders choosing to ignore this sentiment is staggering. Don't make this mistake.

Thu, 24 Jul 2014 20:30:00 -0500

Accepting risks is a skill that can be learned. When you're ready to launch a venture, consider these five tips that have proven effective in the classroom.

Thu, 24 Jul 2014 20:00:00 -0500

Many entrepreneurs may be surprised to learn that federal laws have not addressed sexual-orientation or gender-identity bias inside private companies.

Thu, 24 Jul 2014 19:56:00 -0500

'There are only so many photos you're going to want to share with friends,' the CEO said during an earnings call. 'There's just a lot more people want to express.'

Thu, 24 Jul 2014 19:30:00 -0500

Three quotes shine a light on this much-discussed topic. The bottom line: Don't dive in until you're really ready to commit.

Thu, 24 Jul 2014 19:00:00 -0500

To get attention on the crowded Internet, you have to devote time to your craft and plan well.

Thu, 24 Jul 2014 18:36:00 -0500

James Proud, a former Thiel Fellow, has come up with a sleep-tracking system that is getting lots of love from the crowd.

Thu, 24 Jul 2014 18:30:00 -0500

The winning companies will figure out how to deliver a seamless and exceptional experience that satisfies users -- before they even ask for it.

Thu, 24 Jul 2014 18:00:00 -0500

Past performance is no longer an accurate proxy for future success. In hiring, the most critical skill is the ability to learn on the fly.

Thu, 24 Jul 2014 17:30:00 -0500

Spending time with ambitious youth is one of the best things you could do to jump start your own ambition.

Thu, 24 Jul 2014 17:00:00 -0500

Take a minute per day to forget that you're an overworked adult and see your anxiety melt away.

Thu, 24 Jul 2014 16:30:00 -0500

Any outfit promising a super-speedy turnaround will probably deliver less than optimum results.

Thu, 24 Jul 2014 16:25:00 -0500

A new survey from Sageworks finds that over 75 percent of small-business owners have never applied for a loan.

Thu, 24 Jul 2014 16:15:00 -0500

Piinpoint helps businesses choose where to open based on facts, not just intuition.

Thu, 24 Jul 2014 16:00:00 -0500

Without face-to-face contact, it’s difficult to manage the conversation, navigate complex issues or deal with difficult personalities in the group. The good news is there are specific techniques you can use to improve these calls.

Thu, 24 Jul 2014 16:00:00 -0500

The company missed expectations due to weak sales at Dunkin' Donuts in the U.S. and Baskin-Robbins' struggles abroad.

Thu, 24 Jul 2014 15:39:00 -0500

The case of an Airbnb guest who overstayed his welcome and now is a legal tenant raises critical questions about what the home-rental platform can do to protect its hosts.

Thu, 24 Jul 2014 15:30:00 -0500

For a close-knit team it is imperative everyone is on the page. If not, your startup could go into a tailspin.

Thu, 24 Jul 2014 15:00:00 -0500

The must-have characteristics needed to start, grow and expand your company.

Thu, 24 Jul 2014 14:30:00 -0500

Startups that thrive manage to eke out the first profits that convince investors to put in the money that grows the company.

Thu, 24 Jul 2014 14:00:00 -0500

The wealthiest companies work hard to know where every dime goes. Startups literally cannot afford to do less.

Thu, 24 Jul 2014 13:30:00 -0500

Filling key roles in your company is both crucially important and a distraction. It's important to know what you can delegate and what you can't.

Thu, 24 Jul 2014 13:00:00 -0500

The best venture investors may be the ones who can currently empathize with your status as a startup.

Thu, 24 Jul 2014 12:30:00 -0500

Don't just blame the Millennials. The struggle between the status quo and young up-and-comers is ageless, and important.

Thu, 24 Jul 2014 12:00:00 -0500

A group of franchisees are accusing the convenience chain of trying to make a profit by systematically forcing South Asian immigrant franchisees out.

Thu, 24 Jul 2014 11:30:00 -0500

The more information you can get on your competitor's website and online marketing efforts, the better.

Thu, 24 Jul 2014 11:30:00 -0500

After 30 years in the corporate world, Skip Wyatt decided it was time to create jobs instead of finding ways to eliminate them.

Thu, 24 Jul 2014 11:00:00 -0500

Analyzing customer data is just more proof of what we've always known. Actions really do speak louder than words

Thu, 24 Jul 2014 07:00:00 -0500

Chick-fil-A and Chipotle are two of the hottest brands in food right now. Here's how they're cashing in on travelers' tastes.

Wed, 23 Jul 2014 22:30:00 -0500

It turns out, products don't sell themselves, and customers enjoy interacting with people.

Wed, 23 Jul 2014 22:00:00 -0500

Meals and entertainment expenses can save on your taxes but you need to see it the way the IRS sees it.

Wed, 23 Jul 2014 21:30:00 -0500

Happy employees and great prices lead to devoted customers, or so the theory goes. A New England supermarket chain may sacrifice all this in a battle of cousins.

Wed, 23 Jul 2014 21:00:00 -0500

Make your client-support process a win for all involved, not excluding those answering the phones.

Wed, 23 Jul 2014 20:47:00 -0500

Earlier this year, the toy company launched Lego Ideas, a strategy to crowdsource new designs.

Wed, 23 Jul 2014 20:30:00 -0500

How do competitors deliver top performance when so much is riding on a single movement?

Wed, 23 Jul 2014 20:00:00 -0500

If you like to read for escape, read these books to escape to the next level.

Wed, 23 Jul 2014 19:45:00 -0500

The location-based social networking platform continues its rebranding efforts with a new logo.

Wed, 23 Jul 2014 19:30:00 -0500

There’s one thing worse than watching an entrepreneur crumble under a fatal barrage of questions.

Wed, 23 Jul 2014 19:00:00 -0500

There are many moral and ethical questions business owners face on a regular basis. Is there a right way to do things?

Wed, 23 Jul 2014 18:30:00 -0500

Facebook matters less as other social media platforms gain currency but it is still worth your effort, even if you need to pay for ads.

Wed, 23 Jul 2014 18:00:00 -0500

To generate revenue, you need customers to buy your products or utilize your services. Here's how to get started on the way to a cost-effective plan.

Wed, 23 Jul 2014 17:45:00 -0500

Turning business processes into games -- the idea behind the trendy buzzword “gamification” -- encourages frequent participation and makes mundane tasks entertaining.

Wed, 23 Jul 2014 17:45:00 -0500

Technology execs gather to discuss the challenges and opportunities of this growing industry.

Wed, 23 Jul 2014 17:30:00 -0500

Reading the fine-print is important, but big picture items -- and a little humor -- go a long way.

Wed, 23 Jul 2014 17:30:00 -0500

Managing the risk properly is the challenge. Use the right intelligence to make your moves.

Wed, 23 Jul 2014 17:00:00 -0500

Not all investors are created equal. Here are some tips on finding the best investor for your startup and its needs.

Wed, 23 Jul 2014 16:30:00 -0500

Foster new relationships abroad by building trust and minding important social cues.

Wed, 23 Jul 2014 16:10:00 -0500

Perhaps your greatest creative ideas will happen away from the keyboard, pen in hand.

Wed, 23 Jul 2014 16:00:00 -0500

We're not talking about illegal practices, like email span, but rather strategies that fall under the gray areas of marketing etiquette.

Wed, 23 Jul 2014 15:30:00 -0500

Are you the total package? Work to create the best version of you.

Wed, 23 Jul 2014 15:00:00 -0500

The steps you must take to turn a side hustle into a full-fledged business.

Mon, 28 Jul 2014 09:18:00 -0500

We've now got the arbitration decision in the Yukos case from the court in The Hague* and the essential finding is that Russia did in fact steal Yukos from its rightful owners, the shareholders of the company, and must pay $50 billion damages as a result. This is, obviously, by far the largest arbitration decision ever and we might, therefore, argue that this was also the largest theft ever. Over and above the joy at justice being done here there's also a public policy point. There's controversy over such arbitration courts being included in the Transatlantic Trade and Investment Partnership being negotiated at present: and this case shows exactly why those provisions are entirely and wholly justified.

Mon, 28 Jul 2014 06:11:00 -0500

Maybe the fact that the still not released 'Fifty Shades Of Grey' Is 'Too Hot For TV' Trailer is just more marketing hype. Maybe it means there will be that much more reason to see it when it finally hits theaters on February 13, 2015—for Valentine’s Day. Still, every time I hear the title, I think of the fact that there are many more shades of grey in the tax code and the way the IRS interprets it.

Mon, 28 Jul 2014 05:35:00 -0500

After the two deliciously unconventional teasers ("Together As One" and "Unity") for The Hunger Games: Mockingjay part I, which were basically Donald Sutherland propaganda speeches on behalf of "the Capitol" with little-to-no mention of the fact that they were advertisements for The Hunger Games, it's almost a little disappointing to see this far more run-of-the-mill teaser. Having said that, it's a solid and sparse teaser, running about one minute and giving away very little beyond the rather obvious broad strokes. The Capitol is upset over the events of the first two films, Katniss is the face of the rebellion and thus must take a leading role whether she wants it or not, etc., etc. We get Phillip Seymour Hoffman doing most of the narration, which is an encouraging sign that Lionsgate ( Corporation) won't be hiding his prescence on account of his unexpected death this past February. We also get the visual roll-call of faces both new (Natalie Dormer, Julianne Moore) and old (Liam Hemsworth, and eventually Jennifer Lawrence)and then a quick montage and we're out. I know this because I saw the trailer on Saturday, not at Comic-Con* but at my local Best Buy.

Mon, 28 Jul 2014 04:06:00 -0500

If there is any endeavor whose fruits are ripening, that endeavor is surely the new brand and athlete relationship in the digital age.  Statistically, according to Julie Frank of Navigation Research, sports fans that see a brand message on social media are 78% more likely to have a positive perception of them.  So brands are experimenting with the best approach to reach them through social channels.

Mon, 28 Jul 2014 03:07:00 -0500

A fellow named Jeff came into one of our job search workshops. He said "I want to change careers. I've been a lawyer for eighteen years, working for the same law firm the whole time."

Mon, 28 Jul 2014 00:43:00 -0500

Over the last six weeks I've been using Samsung's flagship handset, the Galaxy S5. The smartphone strategy of the South Korean company hands this flagship a huge amount of responsibility. It needs to be able to command  a significant volume of sales and providing revenue and income to the parent company; it needs to be seen as a leader in mobile technology; it needs to be a handset that people want to buy; and if they can't afford it, the halo effect should see them happy to purchase another variant of the Galaxy S5 family.

Sun, 27 Jul 2014 20:04:00 -0500

Despite record Q3 results announced last week, investors fled Qualcomm Incorporated stock.  The company, while reporting earnings, disclosed serious problems with licensees and others in China.

Sun, 27 Jul 2014 14:32:00 -0500

Movie casting is always a tricky subject, but even more so when a role has already recently been played by someone else so well. This is the case with The Last of Us, which told an incredible story through the medium of video games, so much so that no one was asking for it to be turned into a film.

Sun, 27 Jul 2014 13:34:00 -0500

The folks at LinkedIn are busy. They are rolling out refinements and new features at an unprecedented rate. Staying on top of these opportunities is the key to staying on top of your online personal branding. If you want your profile to stand out, start using my five favorite LinkedIn upgrades.

Wed, 23 Jul 2014 17:07:00 -0500

Many would tell you that if you show someone your heart, especially in business -- you are soft. Weak. Prey in a world of predators.

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Networking Grows A Business
By Ray Yono :: Saturday, January 19, 2008 :: 17193 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.