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  • Entrepreneurs
    A competitor is likely to see something from an entirely different perspective It s often not enough to patch a product with a new feature to catch up A competitor shines a light on product blind spots and tells us when animated gifs are beyond a fad when a new user experience paradigm is no longer obscure or when it s time to reimagine the roadmap entirely If you want to stay relevant you have to be nimble open and willing to admit that the other approach is better What do you do when a competitor strikes a product fit nerve before you It s hard not to be critical Users will forgive a multitude of product sins when it s something they really want From the runner up s perspective that advantage can feel unfair It s easy to be dismissive Well let s see where they are in a few months They ll never make money or The judges don t realize how much I had to practice See Full Story on blogs wsj com Filed Under Entrepreneurship Tagged With Competitor Strikes Culture Elaine Wherry Entrepreneurs Guarantee Success Magical Formula Product Fit 11 FAMOUS ENTREPRENEURS SHARE HOW THEY OVERCAME THEIR BIGGEST FAILURE 8 May 2014 by Digital Curator Leave a Comment The most successful people will tell you that at some point in their careers they thought they were going to fail Not because they didn t have enough confidence in themselves but because they had risked everything The difference between these successful people and those we never hear about again is that the former kept going Arianna Huffington learned early on that failure is needed in success Aaron Schildkrout cofounder of HowAboutWe com even learned how to fail more quickly Thrillist s Ben Lerer learned how to come up with solutions quickly if the strategy isn t working Here s what 11 successful entrepreneurs did when failure hit them in the face hard Image Flickr user C2 MTL ARIANNA HUFFINGTON COFOUNDER OF THE HUFFINGTON POST I failed many times in my life One failure that I always remember was when my second book was rejected by 36 publishers Many years later I watched HuffPost come alive to mixed reviews including some very negative ones like the reviewer who called the site the equivalent of Gigli Ishtar and Heaven s Gate rolled into one But my mother used to tell me failure is not the opposite of success it s a stepping stone to success So at some point I learned not to dread failure I strongly believe that we are not put on this Earth just to accumulate victories and trophies and avoid failures but rather to be whittled and sandpapered down until what s left is who we truly are KATHRYN MINSHEW FOUNDER AND CEO OF THE MUSE In 2011 Minshew woke up one morning to find that she couldn t log into PYP Media a site that she had built and put her entire life savings into She says that s when her life fell apart A disagreement between the four cofounders turned into a nasty power struggle that put me and Alex Cavoulacos my current Muse cofounder at the receiving end of screaming threats and I woke up one morning to find my website access as well as that of Alex and our entire team shut off I felt completely humiliated like I had failed them and myself I also ended up losing the entire life savings I d put in the company about 20 000 We could have sued or we could have started over We chose the latter See Full Story on www fastcompany com Filed Under Career Progression Entrepreneurship Tagged With Biggest Failure Careers Entrepreneurs Fail Successful People Why Entrepreneurs Will Beat Multinationals to the Bottom of the Pyramid 21 April 2014 by Digital Curator Leave a Comment C K Prahalad and Stuart Hart s seminal book The Fortune at the Bottom of the Pyramid gained a wide audience when it was published in 2004 and has continued to be widely read ever since Its iconic phrase bottom of the pyramid entered the English lexicon The book was a call to action to the world s largest companies to develop new products for the four billion people living on 4 a day or less a market representing what was in effect the new frontier for corporate expansion What was the result of this stirring cry a decade ago On the fifth anniversary of the book s publication Professor Prahalad was interviewed by Knowledge Wharton He was asked what impact have your ideas had on companies and on poor consumers Prahalad asserted that the impact had been profound citing the 200 laptop computer the spread of cell telephones and Kenya s M PESA text messaging funds transfer service But the concept of the 100 laptop was a project that emerged from MIT not a large company and was judged a failure cell phones spread rapidly through developing countries was a result of local entrepreneurship not multinational initiative and M PESA was a Kenyan innovation Five years further along there is scant evidence that multinational corporations have expanded any further into the bottom billions market We believe they re unlikely to do so and that entrepreneurs working solo or in teams are far better positioned to go serve these customers The reason is that multinationals face the constant temptation to apply their substantial resources to extend the reach of their existing businesses rather than starting from scratch Entrepreneurs by contrast start from scratch almost by definition For reasons we ll describe that approach is essential to successfully serving the bottom of the pyramid The tendency for too many multinationals is to design products for the bottom of the pyramid by stripping features from existing products But this approach seldom works In our experience products and processes must be designed not merely to reduce prices by say 30 below developed world prices which might

    Original URL path: http://personalbranding.sg/tag/entrepreneurs/ (2014-06-18)
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  • Goal
    The Goals Gone Wild authors recommend thinking of goals as a prescription strength medication that requires careful dosing consideration of harmful side effects and close supervision Is the goal too specific Too stressful If so rethink it or you re bound to suffer an overdose HOW DO YOU SUCCEED WITHOUT GOALS You hire people with drive and desire You support and inspire them and yes guide them toward success but don t get too caught up in what it will look like No blanket statement directions like Let s get four new clients this month It could earn you a dubious distinction on par with Alec Baldwin s blowhard sales manager character in the film Glengarry Glen Ross whose always be closing mantra earned him little more than blank stares This isn t how business works anymore thankfully So manage by example Work hard staying alert and attuned to new opportunities Offer regular feedback and collaboration See Full Story on www fastcompany com Filed Under Entrepreneurship Tagged With Business Model Deceptive Behavior Goal Scope of Opportunity Challenge yourself to be a better networker 27 February 2013 by Digital Curator Leave a Comment The trick with networking is to become proactive This means taking control of the situation instead of just reacting to it Networking requires going beyond your comfort zone and challenging yourself Try these tips Set a goal to meet five or more new people at each event Whenever you attend a group whether a party a mixer or an industry luncheon make a point of heading straight for people you don t know Greet the newcomers they will love you for it If you don t make this goal a habit you ll naturally gravitate toward the same old acquaintances Try one or two new groups per month You can attend almost any organization s meetings a few times before you must join This is another way to stretch yourself and make a new set of contacts Determine what business organizations and activities you would best fit into It may be the chamber of commerce the arts council a museum society a civic organization a baseball league a computer club or the PTA Attend every function you can that synergizes your goals and customer prospect interaction Carry your business cards with you everywhere After all you never know when you might meet a key contact and if you don t have your cards with you you lose out Take your cards to church the gym parties the grocery store even on walks with the dog Don t make a beeline for your seat Frequently you ll see people at networking groups sitting at the dinner table staring into space half an hour before the meal is due to start Why are they sitting alone Take full advantage of the valuable networking time before you have to sit down Once the meeting starts you won t be able to mingle Don t sit by people you know Mealtime is

    Original URL path: http://personalbranding.sg/tag/goal/ (2014-06-18)
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  • Large Bets
    What you know who you know and anything else that s available I know a great chef and if I beg all my family and friends to back me I might have enough money to open a place You make sure that step is never going to cost more than it would be acceptable to you to lose should things not work out And you bring others along to acquire more resources spread the risk and confirm the quality of your idea 3 Reflect and build on what you have learned from taking that step You need to do that because every time you act reality changes Sometimes the step you take gets you nearer to what you want I should be able to afford something just outside of downtown sometimes what you want changes It looks likes there are an awful lot of Italian restaurants nearby We are going to have to rethink our menu If you pay attention you always learn something So after you act ask Did those actions get you closer to your goal Yes It looks like I will be able to open a restaurant Do you need additional resources to draw even closer Yes

    Original URL path: http://personalbranding.sg/tag/large-bets/ (2014-06-18)
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  • Overrated
    What you know who you know and anything else that s available I know a great chef and if I beg all my family and friends to back me I might have enough money to open a place You make sure that step is never going to cost more than it would be acceptable to you to lose should things not work out And you bring others along to acquire more resources spread the risk and confirm the quality of your idea 3 Reflect and build on what you have learned from taking that step You need to do that because every time you act reality changes Sometimes the step you take gets you nearer to what you want I should be able to afford something just outside of downtown sometimes what you want changes It looks likes there are an awful lot of Italian restaurants nearby We are going to have to rethink our menu If you pay attention you always learn something So after you act ask Did those actions get you closer to your goal Yes It looks like I will be able to open a restaurant Do you need additional resources to draw even closer Yes

    Original URL path: http://personalbranding.sg/tag/overrated/ (2014-06-18)
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  • Planning
    What you know who you know and anything else that s available I know a great chef and if I beg all my family and friends to back me I might have enough money to open a place You make sure that step is never going to cost more than it would be acceptable to you to lose should things not work out And you bring others along to acquire more resources spread the risk and confirm the quality of your idea 3 Reflect and build on what you have learned from taking that step You need to do that because every time you act reality changes Sometimes the step you take gets you nearer to what you want I should be able to afford something just outside of downtown sometimes what you want changes It looks likes there are an awful lot of Italian restaurants nearby We are going to have to rethink our menu If you pay attention you always learn something So after you act ask Did those actions get you closer to your goal Yes It looks like I will be able to open a restaurant Do you need additional resources to draw even closer Yes

    Original URL path: http://personalbranding.sg/tag/planning/ (2014-06-18)
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  • Defining qualities of the worst managers
    Want to know why your bright eyed go getter employees are heading toward the nearest exit Here are six ways your management could be failing 1 Your mood shifts with the tides You are human so it s OK to have bad days Employees can forgive a manager s ill mood here and there but making a habit of unpredictable swings will only make you more unapproachable I once had a boss that we called The Bear most people assumed he earned this nickname due to his large stature We actually called him that because you were never sure if you were getting a teddy bear or a grizzly bear from day to day That guy was all over the place Part of being a leader is gaining the trust of those who are supposed to follow you When an employee can t trust that you will be open to hearing positives and negatives of a project or situation problems will fly under your radar or never be reported If an employee never really knows what to expect then communication engagement and innovation will suffer Above all learn humility You are allowed to make mistakes so be prepared to own up to them 2 Helicopter manager Much like the parent a helicopter manager is one who micromanages the deliverables of an employee While it s understood that a manager is to be included in big decisions to expect everything to fly past your eyes is a waste of your time and the company s money Managers should be aware of what everyone is doing in the office without knowing all the intricate details Employees are given tasks because they have the knowledge to handle them At Red Branch Media we adapted the Directly Responsible Individual concept Establishing a DRI grants

    Original URL path: http://personalbranding.sg/2014/05/22/defining-qualities-of-the-worst-managers/ (2014-06-18)
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  • Employees
    prize the idea of flexibility above all else are more committed to their needs than anything else including a job You pay too much attention to Yahoo Yahoo has become the poster child for What is Wrong With Telecommuting when the issues were much more complicated But managers at other companies will seize upon such anecdotes and proclaim No telecommuting Ever That s shortsighted and can lead to losing some valuable workers or potential new talent It s better to think about your company culture and your team so your workers don t become resentful of your attitude Think about it Many employees are already telecommuting with the amount of time they spend taking care of business at home See Full Story on quickbase intuit com Filed Under Entrepreneurship Tagged With Employees Manages Mistakes Remote Locations Remote Workers Workers Break unintentional management patterns and earn discretionary effort 26 February 2014 by Digital Curator Leave a Comment It s a term all too commonly used discretionary effort Some may even call it discretionary performance Generally speaking we understand enough to know that when it comes to employees delivering it we want and need as much as we can get But what truly is discretionary effort and why do so many leaders struggle to get more of it At its core discretionary effort is the level of effort or performance that people can choose to give above and beyond what is expected or required According to the 2013 State of the American Workplace Report only 70 of employees report giving their all at work In my experience that number is actually closer to 60 but regardless the point is clear that earning discretionary effort can make or break a company s bottom line Enter managers What role do they play in earning discretionary effort from employees The answer is that they are most directly in control of what employees do or don t give at work What managers say and do whether intentionally or not has a direct correlation with employee performance Unfortunately most managers by default resort to responses like I have a better idea We tried that and it didn t work or similar statements that diminish the potential for discretionary effort While most managers do not intend to negatively reinforce employees statements such as these are typically made in an effort to move things along If you want real change in the form of above and beyond performance you must consider consequences of behavior and how they are likely to cause the performer to want to do more or just do what is required See Full Story on smartblogs com Filed Under Career Progression Tagged With Discretionary Employees Management Patterns Reinforce Unintentional Management How to Prepare Your Office for Bad Weather 24 January 2014 by Digital Curator Leave a Comment Armed with a focused inclement weather policy as well as a keen understanding of how to communicate with your employees and customers during dismal conditions you ll weather the storm just fine Here s how to do it Step 1 Form a Plan Dust off that employee handbook It s time to update your inclement weather policy that is if you have one According to a survey of small business owners by Travelers Insurance nearly 44 percent of all U S small businesses do not have a written business continuity plan or any other type of document that explains what will happen to the business in the event of serious weather emergencies In fact the survey noted risk management ranks relatively low among priorities facing small business owners Your business can t afford this level of ambiguity According to Athey it s important to think through the different weather scenarios and address them as they arise By addressing these issues with your employees you set the expectations of what they are required to do in bad weather Plus your company is much less likely to have any unpleasant surprises he says It s sort of like road rage or ice rage Athey says If someone is out there sliding all over the road and they get to work and find out the place is closed or they re not going to get paid well it s not a great way to improve your employer employee relationship The inclement weather policy should clearly spell out who is responsible for announcing any closures and where they will be able to find that information Rania Sedhom a consultant who specializes in communicating policies employees says that it s essential to remind employees of protocol for bad weather Don t be afraid to repeat yourself she says It s not insulting make it your customary announcement at the end of September or early October Continually communicate And if you change the policy especially in regards to pay let them know sooner than later See Full Story on www inc com Filed Under Entrepreneurship Tagged With Bad Weather Communicate Customers Employees Inclement Understanding Are Your Employees Looking for a New Job 15 January 2014 by Digital Curator Leave a Comment People look to leave for a variety of reasons Among others they feel they re overdue for a pay raise or they want more work life balance But your real question is how do you keep your star players from walking away Promote penalty free discussion Have an open relationship and don t punish people who tell you that they are unsatisfied with their jobs It s highly possible that with a few tweaks you can make their jobs better Somethings of course aren t fixable if your employee is unhappy because he wants to be a world class chef and you are repairing washing machines that s just not going to happen But if your star accounting performer wants to experience HR it s highly possible that you can get the person training and some responsibilities in that area Create opportunities The advancement possibilities are always tough in small businesses There aren t

    Original URL path: http://personalbranding.sg/tag/employees/ (2014-06-18)
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  • Leader
    rather than possible solutions Whether they are shouting them aloud writing them on a whiteboard or posting sticky notes cross communication can begin to occur as each member participates Allow a discussion to take shape and then after questions are exhausted start categorizing them This type of breakdown will make tackling the problem more manageable After the problems are categorized into tighter groups you can start to organize possible solutions based on your gained perspectives See Full Story on smartblogs com Filed Under Career Progression Tagged With Boss Coach Cornerstone Leader Referee Roles Tacking Problems Teacher A leader must be a people person 17 January 2014 by Digital Curator Leave a Comment It s an understatement to say that working solo doesn t bode well for leaders If they re smart leaders who fail to make the right connections might see that they re heading for disaster when they become overwhelmed are unable to accomplish what s needed or when there is persistent resistance to change These can be significant turning points for leaders to recognize that they need to modify their ways Often these leader know what they need to do but it s more comfortable for them to spend their time doing what they ve always done rather than make the effort to reach out and connect The I don t have time excuse no longer cuts it The time is now and developing relationships with your followers must be a priority The good news is that leaders who are out of their comfort zone when connecting with others can learn to become more people oriented If you are one of those who finds you re struggling to get a change adopted or just can t seem to get through that tactical to do list you may not be spending enough time building the kind of relationships that will strengthen your ability to lead Here are some action steps to consider Ditch the excuses that you don t have time because if you are a leader you must learn to work with others in order to be successful This is not about time it s about what s most important for success and developing good relationships is a necessity Sitting in your office with minimal interaction with others isn t a strategy for success You must be a people person in order to be a leader It s a learnable skill Be strategic about your work relationships Developing solid healthy relationships is essential but that doesn t mean you have to be friends with everyone Figure out the essential relationships that you need to develop and then get to work Determine who you need to reach out to and then connect Work doesn t get done by magic It gets done by people who are clear about their role and are influenced by you So develop a strategic plan for your relationships just like you d plan for anything else and then take action By Mary Jo Asmus See Full Story on smartblogs com Filed Under Career Progression Tagged With Leader People Person Solo Understatement 4 senses of character based leadership 23 December 2013 by Digital Curator Leave a Comment One definition of leadership implies position It states that the person in the position of leadership is the leader If they re in charge or at the top or where the buck stops then they re the leader Their position is the reason we grant them influence over us That s positional leadership Another type of leadership my favorite type is no respecter of position I call this character based leadership Character based leaders are people who have chosen to adopt a leader s mindset regardless of their position in the organization Anyone can be a character based leader Their character their who they are will not let them simply go with the flow or do whatever They decide they will be a leader to the extent they are able It takes a number of talents and possibly a great deal of luck timing and positioning to be a position based leader You have to get a position Many people work years to achieve a position Someone must put you in it or you simply take it But either way a number of factors impact your ability to get a position of leadership To be a character based leader you only need four things I d call senses Any one of these senses is proof that anyone can be a character based leader If you have two or three you may even have some influence in your homeowners association or in your workplace But to be a great character based leader you ll need all four By Mike Henry Sr See Full Story on smartblogs com Filed Under Career Progression Tagged With 4 senses Buck Stops Character Leader leadership From Startup Founder to Leader 6 December 2013 by Digital Curator Leave a Comment Lately it seems like a golden age for startups Apple bought Topsy a social search engine SnapChat turned down a multi billion dollar deal And Spotify is seeing explosive growth Here in Chicago GrubHub and Trunk Club are just two more of examples of startups with lots of potential The leaders of those companies are likely wondering how to maintain their entrepreneurial spirit as the organization grows something many startup founders face when they want to take their businesses to the next level When I was working out of a borrowed office space with the other co founders of a small online payroll service 13 years ago we made decisions quickly and changed course without hesitation But as the leader of a much larger organization today SurePayroll employs more than 200 people my approach has evolved The founder of a startup is personally driving action working with customers hiring employees and sometimes even handling HR and payroll It s an intense juggling act and one that gives you a lot of control But to make

    Original URL path: http://personalbranding.sg/tag/leader/ (2014-06-18)
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