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  • The “Older” Entrepreneur’s Secret Weapon
    of dinner preparation demanding my presence I ignored the blatant bias and answered What do you mean could I work like that I already do Five years later I am at the helm of a company that grew its revenues 450 in 2013 and counts one in 200 Americans as a supporter The young pair of founders I saw who eventually raised over 50M in venture capital funding are no longer at their venture There are two points to this story I will leave one of those points investor bias to another time But the second point about the advantages of being a middle aged company founder is often overshadowed by a media archetype of start up founders as hoodie clad 20 something s In reality studies show that one of the identifiable success factors in creating a high growth start up is having founders who graduated from college and were older at the time they started their companies because they therefore tended to have more experience and more contacts to build successful large firms In fact the average age for founding a successful company is 40 It s not a revolutionary insight to expect that experience and networks matter However in building The Grommet I have experienced and observed that there is a hidden advantage to this life stage more mature adults tend to have more significant social and family supports to give them resilience to survive the brutal psychological assaults of creating a company In other words there are plenty of credits to balance the debits of kids mortgages and looming college tuitions For me family provides a separate identity outside my company a consistent outlet for rest and relaxation and a safe haven to escape the relentless pressures of building a business These social supports go far

    Original URL path: http://personalbranding.sg/2014/02/20/the-older-entrepreneurs-secret-weapon/ (2014-06-18)
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  • Grommet
    day with the call of dinner preparation demanding my presence I ignored the blatant bias and answered What do you mean could I work like that I already do Five years later I am at the helm of a company that grew its revenues 450 in 2013 and counts one in 200 Americans as a supporter The young pair of founders I saw who eventually raised over 50M in venture capital funding are no longer at their venture There are two points to this story I will leave one of those points investor bias to another time But the second point about the advantages of being a middle aged company founder is often overshadowed by a media archetype of start up founders as hoodie clad 20 something s In reality studies show that one of the identifiable success factors in creating a high growth start up is having founders who graduated from college and were older at the time they started their companies because they therefore tended to have more experience and more contacts to build successful large firms In fact the average age for founding a successful company is 40 It s not a revolutionary insight to expect that experience and networks matter However in building The Grommet I have experienced and observed that there is a hidden advantage to this life stage more mature adults tend to have more significant social and family supports to give them resilience to survive the brutal psychological assaults of creating a company In other words there are plenty of credits to balance the debits of kids mortgages and looming college tuitions For me family provides a separate identity outside my company a consistent outlet for rest and relaxation and a safe haven to escape the relentless pressures of building a business These

    Original URL path: http://personalbranding.sg/tag/grommet/ (2014-06-18)
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  • Entrepreneur
    where everyone feels like their hair is on fire or they re starting from scratch every day Structure helps you make desired behavior clear to employees and enables your employees replicate that desired behavior Creating structure encompasses a wide range of activities from simple HR policies to building a management team and to sophisticated technology systems One of the easiest ways to think about structure is to view it as an antidote to a specific problem What you implement all depends on where your pain points are Link information to motivation Many second stagers begin to warm up to structure and establish their first policies and procedures because of communication issues Take Larry Kooiker founder of Agritek Industries a manufacturer of engineered metal components in Holland Michigan Today he has more than 100 employees and the company has 17 million in annual revenue Kooiker launched Agritek in 1987 and for many years he avoided structure because he associated it with waste inefficiency and moving slowly Entrepreneurs don t need to hold a committee meeting to get something done Kooiker says We don t have to go through a formal process to identify a problem and determine the best solution We just do it As your company grows people become disengaged Yet in the late 1990s when Agritek s workforce grew beyond 20 employees Kooiker realized his employees were more concerned about wrapping up their shifts rather than trying to produce parts faster or increase quality Kooiker chalked up this attitude to a lack of communications When you only have a few employees it s easy for everyone to be excited and motivated he says They know what needs to be done because you re working with them on a daily basis it s like they re an extension of your right arm Yet once you go over 20 employees you lose that direct contact and it s easier for people become disengaged In response Kooiker began to create employee manuals production goals and documentation for operating equipment correctly including details such as shut height tonnage and adjustment He also began holding quarterly companywide meetings to discuss how employees jobs aligned with the company s mission and goals In my world the marketplace is trying to find the lowest cost producer Kooiker says It s a daunting task to produce a part profitably when all your competitors have said No we can t do it for that price That s what I have to get across to employees They think this place functions just because we re here It s eye opening for them when they realize the company only functions because we re better faster cheaper and more innovative Then they realize that s the program they need to get on BY DINO SIGNORE See Full Story on inc com Filed Under Entrepreneurship Tagged With Build to Scale Entrepreneur Growth Structure 5 Things You Have to Understand Before You Start a Business 25 October 2013 by Digital Curator Leave a Comment Like many startups Weebly the website creation and hosting service was born in a college dorm room Back in 2006 co founders David Rusenko Chris Fanini and Dan Veltri wanted an easy way to display their work on a website They weren t satisfied with the available options so they set about creating their own service A year later their project was accepted into the startup incubator Y Combinator and Rusenko Fanini and Veltri dropped out of school to move to San Francisco Fast forward to present 15 million people have created a site on Weebly and 100 million people visit a Weebly site every month The company has been profitable since the beginning of 2009 and currently employs 80 people Here s Weebly CEO David Rusenko on how aspiring entrepreneurs can do what he did seven years ago and turn an idea into a business Start Today Rusenko cites analysis paralysis as the single biggest obstacle between a great idea becoming a successful business A lot of times it s more appealing for people to think about what they might be working on rather than actually start doing it he says Your idea doesn t have to be perfect perfect is impossible Instead of obsessing over every single detail see where it goes and then adapt it over time Rusenko advises Don t expect overnight success Tech lore is chock full of instant success stories Most of them Rusenko insists are pure illusion While a startup may blow up quickly awash in money and press coverage seemingly overnight it s often a result of years of behind the scenes hard work If within three months nothing much has happened just remember that it took us over a year to even apply to Y Combinator Rusenko says Get started now but understand that it s going to be a long and difficult process Build off of past failures This ties back to Rusenko s previous point hard work rarely results in immediate reward but it can lead to amazing opportunities down the road The most successful entrepreneurs have put in years of hard work Rusenko says It s not always directly related to what they are working on now but they ve tried out multiple ideas He points to Ben Silbermann who developed the unsuccessful app Tote before eventually hitting it big with Pinterest as evidence that initial failure should never be the endpoint See Full Story on entrepreneur com Filed Under Entrepreneurship Tagged With 5 things to understand Entrepreneur Start a Business Growing your company from the first few fans to making 10k a month 22 October 2013 by Digital Curator Leave a Comment Relationships are key to succeeding in business Before our company even had a product we acquired our first customers just by selling our ideas alone But what happens after you gain your first few followers If you don t act fast your believers will go away so we wanted to get to 10 000

    Original URL path: http://personalbranding.sg/tag/entrepreneur/page/2/ (2014-06-18)
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  • What’s blocking entrepreneurship in organizations?
    within traditional organizations where the culture leaves little if any room for trial and error Knowing how often this is the case holds employees back from acting entrepreneurial and risking failure Organizations that encourage entrepreneurship are only training their employees to leave and take other jobs Research has shown this just isn t true Employees don t move on because they ve been given training and opportunities that encourage entrepreneurship on the job Leaders are at the top of organizations because they have all the answers It s extremely difficult for a senior leader to open up their shirt and acknowledge they re not Superman said Schlesinger By the time people reach the upper levels of organizational leadership they have scored well on the SATs gotten into college graduated from college been hired for jobs and risen through the ranks because they had the right answers which makes it hard to admit to not knowing something Still to encourage entrepreneurship within organizations need leadership that s willing to say I don t know but gee I would like to said Schlesinger Live with Babson What s blocking entrepreneurship in organizations via smartblogs com Filed Under Entrepreneurship Events Tagged With Culture

    Original URL path: http://personalbranding.sg/2013/04/16/whats-blocking-entrepreneurship-in-organizations/ (2014-06-18)
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  • Organizations
    a better way of doing it Deal with the messy stuff others avoid People often like to think of business as logical rational and unemotional In fact nothing can be further from the truth The feelings and emotions we all experience as part of being human pop up at work the same way they do at home Great leaders know that for any group of people to maximize their potential they must learn to effectively deal with the messy human side of the business By Chris Sabido See Full Story on trainingmag com Filed Under Career Progression Tagged With Company Great Leader Organizations Potential Startup launched a new ultimate communication tool for organizations 24 June 2013 by Digital Curator Leave a Comment Y Combinator backed Kippt released a new product for companies today called Inc which seeks to improve communications among teams and provide a better alternative to email Kippt is a web service for finding reading storing searching and sharing information in one coherent place Users can build an online library of anything including links articles videos notes photos and more See Full Story on venturebeat com Filed Under Entrepreneurship Social media Tagged With Communication Tool Kippt Organizations Startup What s blocking entrepreneurship in organizations 16 April 2013 by Digital Curator Leave a Comment Culture is a big problem in getting people to act like entrepreneurs within a large organization said Schlesinger and Neck who explained that there are at least three pervasive beliefs in large organizations that make it hard for entrepreneurship to blossom and thrive Employees who act as entrepreneurs within organizations stand out but get fired when they fail Unfortunately this is often the case within traditional organizations where the culture leaves little if any room for trial and error Knowing how often this is the

    Original URL path: http://personalbranding.sg/tag/organizations/ (2014-06-18)
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  • Using Gamification can make Event Marketing more Fun and Effective
    with recognized influencers represent some of the creative uses of gamification that can make marketing feel fun and help to keep the conversation going with attendees long after the event ends Thomas writes Gamification can make event marketing more fun effective via smartbrief com Filed Under Events Tagged With Event Fun and Effective Gamification Marketing Speak Your Mind Cancel reply Name Email Website Email Newsletter Sign up to receive email

    Original URL path: http://personalbranding.sg/2013/02/27/using-gamification-can-make-event-marketing-more-fun-and-effective/ (2014-06-18)
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  • Event
    your event is both fun and successful While throwing a successful business mixer isn t easy if you remember that your primary purpose is to facilitate networking you ll be OK Here are some tips to help you host an effective engaging and entertaining event See Full Story on entrepreneur com Filed Under Networking Tagged With Business Mixer Event Innovative Things Networking Using Gamification can make Event Marketing more Fun and Effective 27 February 2013 by Digital Curator Leave a Comment Using gamification techniques such as social media contests can stimulate participation and engagement in corporate marketing events writes David Thomas Volkswagen Brazil s concert ticket hiding contest through Twitter Zoom and an IBM Champions event where users posted pictures of themselves with recognized influencers represent some of the creative uses of gamification that can make marketing feel fun and help to keep the conversation going with attendees long after the event ends Thomas writes Gamification can make event marketing more fun effective via smartbrief com Filed Under Events Tagged With Event Fun and Effective Gamification Marketing Email Newsletter Sign up to receive email updates and to hear what s going on with personal branding Enter your email address Categories

    Original URL path: http://personalbranding.sg/tag/event/ (2014-06-18)
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  • Fun and Effective
    posted pictures of themselves with recognized influencers represent some of the creative uses of gamification that can make marketing feel fun and help to keep the conversation going with attendees long after the event ends Thomas writes Gamification can make event marketing more fun effective via smartbrief com Filed Under Events Tagged With Event Fun and Effective Gamification Marketing Email Newsletter Sign up to receive email updates and to hear

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