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The Benefits of Top-Down Thinking & Why it is Critical to Entrepreneurs

The Benefits of Top-Down Thinking & Why it is Critical to Entrepreneurs
For the first 5 years of my career I was a “bottom up” thinker and worker. I assembled tons of data, grouped things, found results and drew conclusions. It was difficult to make the transition to a “top down” thinker but as a senior executive – and as an entrepreneur – you’re far less effective without this skill in your arsenal. The difference is in formulating hypothesis then testing conclusions / data vs. assembling data and finding patterns. I started my career as a programmer. In billing we literally started thinking about all of the types of bills that would be generated for customers: full payment, partial payment, split payment, senior discount, student discount, level pay plan, etc. I next moved into system design where I designed computer systems to deal with large industrial natural gas customers and telecommunication companies. I spent the first 5 years of my career as a “bottom up thinker.” The wisest mentor I ever had was Ameet Shah, my partner on several projects. Related:  girls / behaviour

The Best 10 Motivational Videos For 2013 Once in a while a video comes along that is powerful enough to transcend language barriers and speak directly to our soul. That’s why today I’ve decided to do a list with the motivational videos that had great impact on me and have served me as a motivational source almost on a daily basis. Dream – Mateusz M Key Quote: Most people they raise a family, they earn a living and then they die. They stop growing, they stop working on themselves, they stop stretching, they stop pushing themselves. If today were the last day of my life – by Steve Jobs Key Quote: Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. Be Phenomenal – MotivationGrid Remember Me – Devinsupertramp Vision – Mateusz M Key Quote: We have to see ourselves there long before it happened. How Bad Do You Want It – Eric Thomas Key Quote: When you want to succeed as bad as you want to breathe then you’ll be successful. The Greatest Speech Ever Made – Charlie Chaplin

How Fewer Working Hours Can Save Our Health, Economy, and the Planet |... September 9, 2011 | Like this article? Join our email list: Stay up to date with the latest headlines via email. Millions of Americans have lost control over the basic rhythm of their daily lives. Imagining a world in which jobs take up much less of our time may seem utopian, especially now, when a scarcity mentality dominates the economic conversation. But fewer work hours for people with jobs is a key step toward solving the unemployment crisis—while giving Americans healthier lives. Today, driven both by necessity and the deliberate choice to live simply, more Americans are shifting toward fewer work hours. Finding Time Economists today focus solely on growth as a mechanism for job creation. The grueling schedules of the 19th century undermined health and prevented people from achieving what we now call quality of life. Since the 1970s, Americans have been working longer. Not surprisingly, over the last 20 years, a large number of U.S. employees report being overworked.

Start a Company - F the Rules I am a 28 year old start-up CEO. Last week I read an article titled “the 57 things I learned starting 3 tech companies.” While the list was brilliant, the human brain can only simultaneously hold seven independent thoughts. Lesson #1 – Do something you are passionate about. Really. Lesson #2 – Recruit your friends and colleagues. My company started with two founders. Lesson #3 – Get up Sunday Morning. If your idea is not exciting enough to get you out of bed on Sunday morning, you did not pay attention to lesson #1. Lesson #4 – Put your Money where your mouth is. When we started Ethical Ocean, I had $40k in student debt. Lesson #5 – F the Rules. Ethical Ocean is doing it. All this said, you would not believe how many people discouraged us from starting this company. Working on Ethical Ocean has been one of the most rewarding and enjoyable experiences of my life – and it is only just beginning. Chad Hamre is the CEO of EthicalOcean.com and is based in Toronto, Canada.

Best Career Advice: Learn How to Sell No matter what career you're planning, there's no smarter move than learning how to sell. That's especially true for entrepreneurs. You may have the greatest idea in the business world, but if you can't sell that idea, you won't and can't attract investors, customers, or talented employees. It's true for everyone else, too. Finding a great job always involves selling yourself and your skills. Here's the truth: a mediocre performer who knows how to sell will ALWAYS beat an exceptional performer who doesn't. There's a reason for this. With this in mind, here are some posts that are the most useful to anyone who wants to learn to sell, and therefore achieve a more successful career:

Five Skills You Need for Startup Success, According to Ethernet Inventor Bo... Ethernet inventor and generally accomplished tech super-guy Bob Metcalfe gave a great opening keynote talk at this morning's Capital Factory Demo Day in Austin, Texas. The event has been good so far and is live streaming online for free. Metcalfe offered a wide ranging talk to open the day but included some tasty tidbits in the form of two lists: five personal skills that entrepreneurs need to develop in order to succeed in building tech companies that scale and six types of people a startup ecosystem needs to include in order to foster success. Five Skills Entrepreneurs Need Be healthy. Metcalfe said that the phrase people use for bringing in older, more experienced CEOs as "adult supervision" might be patronizing, but it's really about bringing in an infusion of human capital in the form of skills like the above. The group that's in shortest supply is usually scaling entrepreneurs: there's no shortage of ideas, just of people skilled at managing them.

Top 100 Free eBooks for Business Students and Entrepreneurs Whether you’re enrolled in a business school degree program or desperate for a review of b-school basics as you start your own company, it’s hard to pass up free study materials. These 100 ebooks on marketing, management, ecommerce, and finance are all free and worth checking out. Basic Business These foundational courses focus on basic business skills like earning money, understanding your relationship with the customer, and more. Management Become a better manager with these courses, which cover topics in psychology, change management, and more. E-commerce and Internet Marketing Review the cutting edge techniques necessary to master online business. 3 Vital Steps to KickStart Your Web Business: Daniel Sudhakar’s book helps you "avoid all the mistakes that start-ups make." Finance Here you can review accounting, investments and other business finance guides. Budget Breeze: Learn new budgeting strategies for your business. Human Resources Marketing and Advertising International Business Economics

Free Personality Test - Eerily Accurate - Learnmyself 13 Business Books That Will Blow Your Mind Having never taken a business class in college I find that I read and listen to a lot of business books to round out my education. The books usually aren't "How to Manage Your Cash Flow" but rather get me to rethink the way I run my business, which--despite no business classes or diploma--continues to be in business 13 plus years after I started it. In that time, here are 13 of the books that had the biggest impact on how I run my business (in no particular order): Drive: The Surprising Truth About What Motivates Us by Daniel Pink: If you supervise anyone in your business, this book is a must read. It shows that what science knows about motivation, business isn't putting into practice. In fact, many of the incentives we create can actually de-motivate our employees. The Knack: How Street-Smart Entrepreneurs Learn to Handle Whatever Comes Up by Norm Brodsky and Bo Burlingham: I wanted to have at least one book that was dedicated to small business and the entrepreneurial spirit.

How To Become a Millionaire In Three Years /* This was originally a comment made in response to a hacker news thread titled: Ask HN: How to become a millionaire in 3 years? . The comment has over 200 upvotes, which means people found it useful. I decided to add more thoughts, refine existing ones, and put it in a permanent place. This is just my own humble advice and I hope it’s useful for entrepreneurs. I move forward the only direction Cant be scared to fail in Search of perfection -Jay-Z, On To The Next One I’m going to go and replace 3 years with a “short time frame”. Market opportunity- A million dollars is not a lot in the grand scheme of things, but it certainly is a lot if the market opportunity is not large enough. Inequality of information- Find a place where you know something that many undervalue. Leverage skills you know- You can go into new fields such as say Finance, but make sure you’re leveraging something you already know such as technology and/or product. Stick with it- Don’t give up too fast.

Six Funny Life Lessons Six Funny Life Lessons This was posted back in April, 2007. Shortly after, people liked it so much it got to the Digg front page. Until this day, many many people come and read these lessons everyday. Enjoy! Lesson 1: Naked Wife A man is getting into the shower just as his wife is finishing up her shower when the doorbell rings. After a few seconds, Bob hands her $800 dollars and leaves. “Who was that?” Moral of the story: If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure. Lesson 2 A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp. Moral of the story: Always let your boss have the first say. Lesson 3 A priest offered a lift to a Nun. Moral of the story: If you are not well informed in your job, you might miss a great opportunity. Lesson 4 A crow was sitting on a tree, doing nothing all day. A fox jumped on the rabbit and ate it. Lesson 6

Quick Practical, Tactical Tips for Presentations In the past I’ve given some tips for handling meetings effectively, covering topics like: - How not to let your meeting go down a rat hole; - Dealing with the elephant in the room; - Dealing with skeletons in your closet; - How to make meetings discussions, not “pitches” - A tale of two pitches (I eventually invested in the first company that pitched) Today’s post is a subtle one about positioning yourself in a presentation. This might be a VC meeting but also might just be a sales or biz dev meeting. 1. If you look at Diagram A above you’ll see that the presenters are sitting at the opposite end of the table from where the screen is. If you look at Diagram B you’ll see that the people you’re presenting to can look you in the eyes and glance up at the screen. 2. I personally wouldn’t worry about it if it the team coming to see your presentation seems a bit surprised and says, “oh, we normally all sit on the same side.” 3. 4. 5. 6. So, there you have it.

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