Thursday, October 23, 2014
Top Entrepreneur News

Thu, 23 Oct 2014 20:09:00 -0500

As regulators work on new so-called 'net neutrality' rules, the Senate Judiciary Committee Chairman has written to chiefs of AT&T Inc, Verizon Communications Inc, Time Warner Cable Inc and Charter Communications Inc.

Thu, 23 Oct 2014 20:02:49 -0500

The new app is inspired by the internet’s role as a 'third place' for strangers without traditional social bonds to meet and exchange ideas.

Thu, 23 Oct 2014 20:00:00 -0500

One family business has its challenges. Two startups in one family, that's a real trick.

Thu, 23 Oct 2014 19:45:00 -0500

A balance of winning qualities propels business leaders to success. Here's how they all play out.

Thu, 23 Oct 2014 19:30:00 -0500

One CEO reports on how fostering a family atmosphere spurs productivity and flexibility among members of his team.

Thu, 23 Oct 2014 19:00:00 -0500

Researchers are looking at whether children can learn a trait that people need to build successful business.

Thu, 23 Oct 2014 18:45:00 -0500

Video posts are now growing twice as fast as photo posts on Tumblr. On Thursday, the company revamps its product to be more video-centric.

Thu, 23 Oct 2014 18:30:00 -0500

Since there’s no realistic way to avoid stress for entrepreneurs, learning to live with and manage it is the key to survival.

Thu, 23 Oct 2014 18:15:00 -0500

An entrepreneur makes his case for the efficiency of dashboards to inspire engagement, productivity and results.

Thu, 23 Oct 2014 18:00:00 -0500

Whether you're serving lunch or pivoting your business, you're paid to deliver results in a chaotic environment where you really don't control much.

Thu, 23 Oct 2014 17:54:00 -0500

Hate doing math? A new app called PhotoMath could solve your problems. But you'll have to check its work.

Thu, 23 Oct 2014 17:45:00 -0500

It's a little ironic. And also sad it has taken this long. But this tobacco giant will no longer allow the use of cigarettes, cigars or pipes inside conference rooms, offices or elevators.

Thu, 23 Oct 2014 17:42:00 -0500

Companies like Luminosity that are making 'brain games' are capitalizing on older individuals' fears of cognitive decline by making 'exaggerated and misleading claims' unfounded in scientific evidence, they contend.

Thu, 23 Oct 2014 17:30:00 -0500

Contributing to a reputable website is a great way for an individual to bring attention to their organization and establish credibility in their field.

Thu, 23 Oct 2014 17:15:00 -0500

A real estate executive learns firsthand from an industry icon how to bootstrap a business, be a strong seller, attempt balance and recover from any hard knocks.

Thu, 23 Oct 2014 17:08:00 -0500

The struggling retailer could close more than 100 stores before the end of the year, a news report says.

Thu, 23 Oct 2014 17:00:00 -0500

If you aren't communicating with your team, your company will suffer. Here is how to get everyone chatting -- and on the same page.

Thu, 23 Oct 2014 16:30:00 -0500

The former star of The Real Housewives of New York City slowly built up a name that she now uses for many products.

Thu, 23 Oct 2014 16:00:00 -0500

Many entrepreneurs struggle to separate the value of their business from their own net worth (and self-worth).

Thu, 23 Oct 2014 15:45:00 -0500

How to judge if you're on to something big.

Thu, 23 Oct 2014 15:37:00 -0500

Google, SAS Institute, NetApp, W.L. Gore & Associates and Belcorp round out the top 5.

Thu, 23 Oct 2014 15:30:00 -0500

The previous record price for the Apple 1, which many credit with ushering in a whole new era of personal computing, was $671,400.

Thu, 23 Oct 2014 15:30:00 -0500

Complying with the Affordable Care Act means new health insurance premiums for smaller businesses but innovation offers hope of manageable costs and a healthier workforce.

Thu, 23 Oct 2014 15:00:00 -0500

Author and TED Fellow Ken Robinson says finding our element is essential, not only to success in life and business but to our higher purpose.

Thu, 23 Oct 2014 14:59:00 -0500

The tech giant says the platform presents emails and appointments in a more organized way.

Thu, 23 Oct 2014 14:39:00 -0500

He conducted a 30-minute Q&A in Beijing Wednesday entirely in Mandarin, taking the time to crack a few jokes.

Thu, 23 Oct 2014 14:39:00 -0500

Chicken-wings chain Wingstop is plotting a $100 million IPO, according to reports.

Thu, 23 Oct 2014 14:37:00 -0500

GT Advanced Technologies, which filed for Chapter 11 bankruptcy protection earlier this month, reached an agreement with Apple under which it will stop making sapphire materials.

Thu, 23 Oct 2014 14:00:00 -0500

With these tools, it's never been easier to sketch out an idea, take detailed notes, or stay in touch with your team.

Thu, 23 Oct 2014 13:48:00 -0500

The parent company of Dunkin' Donuts and Baskin-Robbins reported a better-than-expected quarterly profit, but said hitting annual sales targets will be a challenge.

Thu, 23 Oct 2014 17:45:00 -0500

Nearly 3,000 marketers attended the ANA conference last week and left energized with many new insights from an all-star line-up of speakers. These are the best quotes of the week.

Thu, 23 Oct 2014 17:44:00 -0500

"I am concerned that phenomena similar to that of Kim Kardashian may also exist in the scientific community. I think it is possible that there are individuals who are famous for being famous." Writing in Genome Biology, Professor Neil Hall of the University of Liverpool suggests that too many researchers get invited to present at [...]

Thu, 23 Oct 2014 16:28:00 -0500

Jennifer Lawrence just took a cue from Jessica Simpson and purchased a gorgeous Beverly Hills mansion for $8.225 million. According to E! News, Lawrence bought the place from an unknown buyer who bought it from Simpson in October 2013 for $6.4 million. Lawrence isn't just buying a new bachelorette pad, she's buying [...]

Thu, 23 Oct 2014 15:40:00 -0500

see photosAP Photo/Matthew MeadClick for full photo gallery: The Most Ridiculous Excuses For Skipping Work For the last 10 years, job listing site CareerBuilder has put out a list it calls “The Most Unbelievable Excuses for Calling in Sick.” Last year an employee said he couldn’t come in because his false [...]

Thu, 23 Oct 2014 15:08:00 -0500

McDonald’s reported dismal quarterly financial results earlier this week, as it contends with price hikes on ingredients and labor, along with nagging questions about its food quality, which are pushing its customers to better deals or fresher options from its competitors. McDonald’s still commands a huge “middle” between such alternatives, [...]

Thu, 23 Oct 2014 11:53:00 -0500

A new study from the National Bureau of Economic Research shows that Obamacare will increase premiums in the non-group market by 24%. This state-by-state analysis shows that premiums will increase in 45 states (by an amount exceeding 35% in 9 states).

Wed, 22 Oct 2014 23:58:00 -0500

VideoMath is one of the hardest subjects in school, which is why owning a graphing calculator seems like a necessity for students. But what if you could use your smartphone to solve equations by pointing the camera at the problem in your textbook instead of using a graphing calculator? That [...]

Wed, 22 Oct 2014 15:03:00 -0500

One aspect of productivity that we tend to overlook is things that never happen. Despite the fact that these things never happen, the amount of time we waste on them can be vast. Here are some ways to manage and come to terms with this wasted time.

Tue, 21 Oct 2014 15:26:00 -0500

Toxic people defy logic. Some are blissfully unaware of the negative impact that they have on those around them, and others seem to derive satisfaction from creating chaos and pushing other people’s buttons. Either way, they create unnecessary complexity, strife, and worst of all stress. Studies have long shown that stress [...]

Tue, 21 Oct 2014 14:44:00 -0500

From bad mouthing an ex-boss to going blank on a name, these things not to do in an interview can sabotage your chances of getting hired.

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Networking Grows A Business
By Ray Yono :: Saturday, January 19, 2008 :: 17903 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.