Friday, October 31, 2014
Top Entrepreneur News

Fri, 31 Oct 2014 23:00:00 -0500

The business world is filled to the brim with ambitious entrepreneurs, million-dollar ideas and interesting stories, so the challenge is cutting through the noise to gain notice.

Fri, 31 Oct 2014 22:30:00 -0500

Instead of keeping a constant connection to smart devices, many professionals might benefit from taking time to chill, move and unplug.

Fri, 31 Oct 2014 22:00:00 -0500

A Google search reveals that launch life can be compared with virtually anything.

Fri, 31 Oct 2014 21:30:00 -0500

Companies need not search through scary amounts of emails and attachments to find a valuable client communication.

Fri, 31 Oct 2014 21:00:00 -0500

Crowdfunding is the sweat equity of financing. Every company, no matter how small, can succeed but it requires a lot of work.

Fri, 31 Oct 2014 20:30:00 -0500

While at times GIFS get a bad rap, if used correctly they can punch up your content and differentiate your blog from others.

Fri, 31 Oct 2014 20:30:00 -0500

Consider these elements to keep your website fresh.

Fri, 31 Oct 2014 19:30:00 -0500

If you have a dream of a new product and fall into one of these three scenarios, Quirky might be a good platform for you.

Fri, 31 Oct 2014 19:28:00 -0500

Richard Branson's Virgin Galactic crashed during a test flight at the Mojave Air and Space Port in California.

Fri, 31 Oct 2014 19:00:00 -0500

Your old inventory, like the undead, will haunt your shelves. Free yourself with these five methods.

Fri, 31 Oct 2014 18:45:00 -0500

Leverage the skills you have into some side income. Teach a course. Do something you know.

Fri, 31 Oct 2014 18:30:00 -0500

A recent survey of 12,000 people revealed the companies they think are the most genuine, and the characteristics most important to them.

Fri, 31 Oct 2014 18:26:00 -0500

Under the framework, Internet service providers would be classified as an information service for consumers but a common carrier service for websites and content sites.

Fri, 31 Oct 2014 18:15:00 -0500

Forget about doing a major overhaul of your life. Just try these strategic approaches.

Fri, 31 Oct 2014 18:00:00 -0500

Raising money is an intricate web of objective fact, blind faith and calculations about whether you stay in control of your venture or hand it over to investors.

Fri, 31 Oct 2014 17:40:00 -0500

The device would allow for radical personalization in terms of both functionality and aesthetics.

Fri, 31 Oct 2014 17:30:00 -0500

If you're seeking money for your startup, you should be prepared to address potential issues that may face your business.

Fri, 31 Oct 2014 17:00:00 -0500

Make sure your staff understands what's expected on your social media platforms.

Fri, 31 Oct 2014 16:45:00 -0500

Understanding how we listen helps us forge stronger connections and solutions.

Fri, 31 Oct 2014 16:30:00 -0500

A millennial explains that building a great reputation is not a project for Day 1 at a new gig. Rather, bear down on the work or the assignment. The rest will follow.

Fri, 31 Oct 2014 16:06:00 -0500

The IFA plans to file a request with the National Labor Relations Board to disclose the reasoning behind deeming franchisors 'joint employers.'

Fri, 31 Oct 2014 16:00:00 -0500

Learn why documenting your processes is just as helpful for startups as it is for established businesses.

Fri, 31 Oct 2014 15:51:00 -0500

Once burned, twice shy doesn't apply. Amazon's not tapping out of the smartphone market just yet.

Fri, 31 Oct 2014 15:30:00 -0500

The wind is howling, it's getting darker earlier, and homes are decorated with scary looking creatures. And, you know, being an entrepreneur can be kinda scary.

Fri, 31 Oct 2014 15:24:00 -0500

The actor is apparently 'being eyed' to play the Apple co-founder in the still untitled Danny Boyle directed film.

Fri, 31 Oct 2014 15:18:00 -0500

The billionaire's penchant for playing dress-up has served as an effective marketing tool.

Fri, 31 Oct 2014 15:00:00 -0500

You'll need to tap your determination, persistence and trust to reach success, but there will be many barriers in the way.

Fri, 31 Oct 2014 15:00:00 -0500

There's more to being lean than cutting costs.

Fri, 31 Oct 2014 14:47:00 -0500

Tim Cook, in acknowledging his homosexuality, perpetuated a politically charged myth about gays in the workplace.

Fri, 31 Oct 2014 14:39:00 -0500

Howard Schultz calls the coffee giant's plans to deliver food and drinks "ecommerce on steroids."

Sat, 01 Nov 2014 02:47:00 -0500

Jason Rohrer keeps telling me not to go all in. He’s trying to explain his new game and I’m getting impatient. We’re talking over Skype in my computer. I’m running an unfinished copy of the game in another window, trying to listen to his explanations while resisting the urge to [...]

Sat, 01 Nov 2014 02:41:00 -0500

The New York Times today has details on a plan from the FCC that attempts to address the acrimony between Net Neutrality activists and broadband providers. For those just joining us, some broadband providers wish to establish premium Internet access for certain high-traffic services like Netflix and Hulu and charging [...]

Sat, 01 Nov 2014 02:00:00 -0500

When I was in my twenties I soaked up business knowledge. I listened carefully when the leaders in my company spoke. I knew their soft spots and sensitivities because I was the company's HR manager. I knew that there were certain situations where they needed my help, but the rest [...]

Fri, 31 Oct 2014 20:56:00 -0500

You would think that Europe, after two close calls (2009 and 2014) with Russia’s use of the natural gas weapon, would have negotiated hard and tough for better decent for Ukraine, not pushed Ukraine into the narcotic of plentiful gas paid for with scarce credits, and moved full speed ahead with measures to insure independence from Putin’s heavy handed gas weapon.

Fri, 31 Oct 2014 15:48:00 -0500

Wave goodbye to Windows 7 and Windows 8 purchases.

Fri, 31 Oct 2014 15:10:00 -0500

There are a lot of things that I love about San Francisco and the Bay Area. The weather. The food. The wine. And, of course, the endless amount of job opportunities. As you probably know, household names like Google, Facebook, Twitter, Airbnb, Intuit, Salesforce, and Adobe call this area home. But, [...]

Fri, 31 Oct 2014 14:09:00 -0500

Great ideas can take root at any age, including your college years. Perhaps your role in an on-campus activity inspired you to create an events management firm, or your experience as an intramural sports captain encouraged you to pursue an idea for a health club. When I began Varsity Tutors, I [...]

Fri, 31 Oct 2014 13:59:00 -0500

Are you facing reality when it comes to your money situation? Here are 8 quick ways to tell.

Thu, 30 Oct 2014 12:19:00 -0500

On October 17 of this year, investigative journalist Mubasher Lucman was banned for life from television in Pakistan. The case was taken up suo motu by the judiciary and found that Mr. Lucman maligned the judiciary egregiously enough to merit a lifetime ban from appearing in any capacity on television. As he says, [...]

Wed, 29 Oct 2014 11:34:00 -0500

There are a lot of good reasons why someone might visit the Kingdom of Bhutan - but now there are more than ever.

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Networking Grows A Business
By Ray Yono :: Saturday, January 19, 2008 :: 17932 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.