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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. You need to be able to structure problems / solutions at the appropriate level to communicate effective and drive decision-making. The difference is in formulating hypothesis then testing conclusions / data vs. assembling data and finding patterns. I know it might sound a bit esoteric so let me explain: 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 spent the first 5 years of my career as a “bottom up thinker.” Heresy. But applied correctly and this is golden.

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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 3 Tips for Getting Your Trademark Right Trademarks are legally branded representatives of your company name or your logo. They can be as recognizable as the McDonald’s golden arches or Target’s red and white bullseye, which is important because they are designed to be a symbol that essentially helps identify your company’s reputation. According to the United States Patent and Trademark Office, a good trademark is one that identifies the source of your goods and services, as well as distinguishes your business’s offerings from other competitors. So why does your business need a trademark and how do you go about getting one? Is it expensive and when is the right time to formalize your brand or logo with a trademark?

5 Steps to Take Before Quitting Your Job to Become an Entrepreneur While some professionals have managed to start work on a side business while maintaining their integrity in a nine-to-five job, such a setup has little potential for long-term success. Whether you’ve come up with a new idea or you’re interested in scaling up one that’s already there, eventually you’ll need to quit your job to nurture your dream of becoming a successful entrepreneur. However, too many people have become obsessed with an idea and quit their jobs impulsively only to find their potential business isn’t as strong as they thought it would be. Before you do anything reckless, be sure to take these five steps: 1.

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. And being successful at any job means constantly selling the value of the services that you're providing.

Overwhelmed by Email? Here Are 11 Great Tools for Organizing Your Inbox Most people have a love-hate relationship with their email inbox. On the one hand, email can be exciting -- whether you're making progress with a client, replacing a meeting with a (much more efficient) email thread, or receiving an invitation to a fun social gathering. On the other hand, though, email can be overwhelming -- especially if you lose control.

How to Deal With Unsupportive Friends and Family Ultimately, it's natural to seek recognition, love and support from our friends and family. But what if, one day, we decided to venture onto a different path in life? One that is not as conventional as the others around us have chosen for themselves. Our support systems might be taken off guard with our non-traditional desires and aspirations of being entrepreneurs. The last thing we want is to be ridiculed for exploring the unknown. You may confuse a lot of people when going against the grain of conventional thinking, and that's perfectly okay.

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 How to Partner With Influencers for Social Media Giveaways Do you run giveaways using social media? Have you considered partnering with an influential blogger? Working with the right blogger for a giveaway drives sales and grows brand awareness for your products or services. In this article you’ll discover how to partner with influencers for a successful social media giveaway. A Freelancer's Best Friends: 9 Apps to Save Your Business + Sanity - Freelancing comes with a lot of perks – independence, flexibility, being able to give yourself a raise any time you want. One of the downsides, though, is that you’ve got to handle all the organization yourself and you can wind up working around the clock. These apps will all help you avoid that – they’ll help you work better, faster, and smarter. The best part? Most of these apps are free, and the ones that aren’t are still freelancer-budget friendly!

How do you create a product people want to buy? « Unicornfree with Amy Hoy: Creating And Selling Your Own Products Stop me if you’ve heard this one. Have you ever found yourself mired in this process? Come up with idea! Get Nine Best Tips to Running Your Own Business Most people I meet professionally are surprised to learn that 20 years ago I was in graduate school planning to become an English professor. Instead, I now have played a part in successfully launching seven technology and finance businesses over the past 20 years. While I diverted from my original path, one of the common threads throughout my career has been embracing interesting opportunities and pursuing compelling work with people I respect. I’ve invested significant time in learning about the finance side of business to gain a complete picture of what makes a venture successful.