How to pick a co-founder &045; Venture Hacks Naval · November 12th, 2009 Update: Also see our 40-minute interview on this topic. Picking a co-founder is your most important decision. It’s more important than your product, market, and investors. The ideal founding team is two individuals, with a history of working together, of similar age and financial standing, with mutual respect. The power of two Two is the right number — avoid the three-body problem. One founder companies can work, against the odds (hello, Mark Zuckerberg). Two founders works because unanimity is possible, there are no founder politics, interests can easily align, and founder stakes are high post-financing. Someone you have history with You wouldn’t marry someone you’d just met. One builds, one sells The best builders can prototype and perhaps even build the entire product, end-to-end. The seller doesn’t have to be a “salesman” or “business guy”. Aligned motives required Pay close attention — true motivations are revealed, not declared. Don’t settle Pick “nice” guys
Create a Killer Business Plan - Martha Stewart Community You've got the idea, now package it well! The way you present your company and vision will determine whether you get the right financial partners and the right deal. Marketing Your IdeaLife is marketing. We're constantly being pitched to as consumers, yet we also market our products, our ideas, and ourselves personally and professionally. As a former entrepreneur and a start-up consultant today, I've certainly seen more business plans than I care to remember. Make your business plan shine with the three "Cs" to success: Be ConciseA concise plan provides a simple explanation for why the business is a great idea, as well as how it will be executed. Be CompellingThe goal is to make your company appear to be deeply compelling. Be CompleteYou must have a trusted third party review your plan to ensure it addresses all possible issues an investor may have. Wow! Here's how to do it: Do not use a business plan package. You'll also need a financial model.
team building games ideas, exercises, business games and activities for corporate team building, training, management, motivation, kids activities and childrens party games teamwork Great teamwork makes things happen more than anything else in organizations. The diagram representing McGregor's X-Y Theory helps illustrate how and why empowered teams get the best results. Empowering people is more about attitude and behaviour towards staff than processes and tools. Teamwork is fostered by respecting, encouraging, enthusing, caring for people, not exploiting or dictating to them. At the heart of this approach is love and spirituality which helps bring mutual respect, compassion, and humanity to work. using and planning team-building activities People are best motivated if you can involve them in designing and deciding the activities - ask them. team exercises and events for developing ethical organizations Team-building exercises and activities also provide a wonderful opportunity to bring to life the increasing awareness and interest in 'ethical organizations'. corporate events and social responsibility Evening dinner and dance or disco. Buy a big basket.
How to Motivate Employees By David Austin on August 6, 2012 in Infographics What’s the secret to motivating employees? This infographic explains it. Motivating employees isn’t as simple as paying them more. There is an optimal level of arousal that is key to motivating people. There is a material impact to having disengaged employees. 20 ways to motivate your employees without raising their pay. It is a costly mistake to get lost in the false theory that more money equals happy employees. Believing this is costing you valuable time, revenue, employees...and even threatening your own job. Cash will always be a major factor in motivating people and a solid compensation plan is critical to attracting and keeping key personnel. But the key is that additional cash is not always the only answer and in many cases not even the best answer. Too many bonus or commission checks get cashed, spent and forgotten just that quickly. One alternative to giving commissions or bonus dollars is to give gifts through a catalog point system. The company you choose will provide you with catalogs, price sheets and point checks at no charge. The stimulation involved is long-lasting. Whenever I have implemented this program, the employees are overwhelmingly in favor of the point system as opposed to cash. With solid compensation in place, let's look at non-monetary motivation...20 steps to success. 1. 2.
Email Marketing Blog for Small Business: How to Make the Best Use of An Email Signature So many times email signatures are an afterthought and not really looked at as an opportunity to sell. What I mean by “email signature” is the signature you put at the bottom of your person-to-person emails, not on your email marketing campaigns (although you can use signatures for that as well!) And I don’t only mean your own email signature, I mean the email signatures of all of your employees as well, especially if you’re sending out a lot of customer service related emails. First things first, you’ve got to make sure that there are standard pieces of information your employees include when they’re representing your business. Name, company name, address and phone number.Twitter and Facebook links and encourage people to follow you.Website and blog address. There are also some creative ways you can utilize the email signature portion of your emails that might not be “necessary” but could be fun to add as well as help increase your sales! © 2010 – 2012, VR Marketing Blog.
Tips To Plan And Schedule Efficiently Use a daytimer or calendar that is large enough to write down what you need to do and when. You may want the page big enough to record brief facts, or telephone numbers you need to call, or short directions to where you need to go. Many ADDers find computer programs for planning and time management very beneficial. Making lists and checking off items when they are done is an excellent strategy. Learning how to make and use an outline is excellent for planning, as you are able to tell at a glance what groups of activities need to be done together and in what order. Tasks only you can do. Follow up on any tasks that are delegated.
Top 10 Online Influencers - Fitness Methodology: How is influence measured? Influencers included in “SharecareNow 10: Fitness” have demonstrated influence within fitness conversations online. Influence is calculated through a proprietary algorithm based on more than 40 individual metrics, including disease-area relevance and online syndication, presence and reach. All metrics are based on content produced over the past year (from the list’s publish date) across multiple online channels, including Twitter, blogs, forums, mainstream news and video. About Sharecare Now, powered by WCG, is the healthcare industry's first and only digital platform offering real-time analytics on patient healthcare trends, conversations and influential authors.
9 Reasons Why Now is the Best Time to Do Business Online If you’re a blogger, an Internet advertiser, or someone running an online business, then consider yourself lucky because you are operating in a world of near-endless opportunities. The World Wide Web offers tons of chances for people to make connections, find customers, and earn money. Markets are evolving, and more and more consumers are going on the Internet to find information, make purchases, and connect with others. If you’re thinking of doing business online but are still on the fence about it, check out the detailed explanations below on why there is no better time than now to become an online entrepreneur: 1. We are now in the information age and we will continue to be in it for years to come. Fortunately, there are a number of ways to get into the business of digital goods. 2. 3. And you don’t need to have a full-fledged online store or business to build an online presence. 4. Don’t get left behind and take advantage of the lucrative opportunities online. 5. 6. 7. 8. 9.
How to Start a Startup March 2005 (This essay is derived from a talk at the Harvard Computer Society.) You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible. And that's kind of exciting, when you think about it, because all three are doable. If there is one message I'd like to get across about startups, that's it. The Idea In particular, you don't need a brilliant idea to start a startup around. Google's plan, for example, was simply to create a search site that didn't suck. There are plenty of other areas that are just as backward as search was before Google. For example, dating sites currently suck far worse than search did before Google. An idea for a startup, however, is only a beginning. Another sign of how little the initial idea is worth is the number of startups that change their plan en route. Ideas for startups are worth something, certainly, but the trouble is, they're not transferrable.
Is Your Small Business in Need of Reinvention? [INFOGRAPHIC] In 1998, Steve Jobs triumphantly returned to the company he’d co-founded two decades earlier. At the time, Apple was at a crossroads: Success was anything but certain. “The cure for Apple is not cost-cutting,” Jobs said at the time. In 2012, countless small businesses are looking to exit their current predicaments. Innovation Nation Although many small-business owners have recovered from the psychological impact of the economic implosion that began in 2008, self-esteem still isn’t a commodity that’s easy to find. The good news: Throughout history, scores of small ventures have evolved into monster successes as a direct result of reinventing their operations to counter economic or competitive disadvantages. For example, few people were enthralled by The Point, a website that leveraged the power of groups to fund-raise and make other things happen. The Route to Reinvention Check out the infographic below for more on the various steps for reinventing your business.