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Best Cities for Young Entrepreneurs

Sat, November 22, 2014

It’s the age of the young entrepreneur: In the past decade, more millennials are taking the path of entrepreneurship. With many young entrepreneurs hoping to become the next Mark Zuckerberg, almost 160,000 startups were launched every month in 2011, according to a report by the U.S. Chamber of Commerce Foundation.

But an entrepreneur, especially a young one, needs more than just a great idea to get a business off the ground. Funding, mentorship, networking opportunities and a city’s affordability all play pivotal roles in the success of a new small business.

Image: Free Digital Photos

 

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ventureburn | Your startup is up and running – now what? The one question you need to remember

Sat, November 22, 2014

A startup is like an infant: it keeps you awake from early in the morning until late at night. An established business is when your kid is all grown up, has left the house and now you can finally go and get a real holiday! But what about the transition between startup and a proper business, what about those awkward teenage years? Well, the good news is that the hardest part is probably behind you; you’ve got a product that the market enjoys enough to have given you either a stable/growing income, and/or you’ve got investors who love your product enough to push you to the next phase: growth.

Image: https://www.flickr.com/photos/12348847@N00/2536358399

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Nurturing Innovation: Does Geography Matter?

Sat, November 22, 2014

On October 29, Johnson & Johnson (J&J), the New Brunswick, N.J.-based pharmaceutical, medical devices and consumer goods giant, announced the launch of its Asia Pacific Innovation Center. Located in Shanghai with satellites in Singapore, Australia and Japan, this unit extends the J&J innovation network beyond its original chain of facilities in London, California and Boston. While laudable, J&J should think more innovatively about how it might source innovation. Some of the more interesting consumer and digital plays continue to come from unexpected places. In today’s age, it is time to start thinking about virtual networks rather than centers that require personnel and capital-intensive investments. Instead of a chain of pearls, a more appropriate metaphor might be a net of diamonds — with links in Africa, Asia and the Nordics, underpinned by a big data center that leverages customer data and the web.

Image: Free Digital Photos

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Here’s why you should pay as much attention to your own brand as your company’s | memeburn

Sat, November 22, 2014

Brand consistency — in the long term – ensures consistent business and career growth. Very often business owners steer clear of focusing on their personal brand, as they do not like the spotlight. The instinctive focus is on the PR and marketing activities to meet business objectives, highlighting their company’s services and successes. However, it’s not that easy to divorce the personal brand of a business owner from the brand of their business, especially if they are a small-business owner.

 

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Few Small Business Innovation Research awards are going to companies owned by venture capital ...

Sat, November 22, 2014

Few businesses owned by venture capital firms have been awarded Small Business Innovation Research awards since this program was opened to them two years ago. Through the SBIR program, 11 federal agencies spend at least 2.8 percent of their outside research budgets with small businesses. Only two of these agencies — the National Institutes of Health and the Advanced Research Projects Agency-Energy — have allowed VC-owned businesses to compete for SBIR awards, according to a new Government Accountability Office study.

 

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How to Find an Angel Investor

Sat, November 22, 2014

If you're having trouble getting funding for your venture under the right terms, or under any terms at all, you’ll be glad to know about the existence of angels in the investment world. Angels are individuals who invest their own money, as opposed to institutions or professional money managers, who invest other people’s money. Many angels are well-off professionals, such as doctors and lawyers. Some are retired but have tremendous expertise to share in a specific field. Others are successful small-business owners who have made a bundle with their own entrepreneurial efforts and are now interested in letting their money work for them in someone else’s venture.

 

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Figure out your nonsensical Silicon Valley job title

Sat, November 22, 2014

We've got a great piece of content for all you thinkfluencing disruptors out there.

Silicon Valley is no stranger to parody, given the startup culture's rapid creation of buzzwords and unusual job titles. The Silicon Vally job title generator Tumblr is a solid example of how many are fed up with the high-vocabulary, low-meaning nature of some of the industry's cushier jobs.

Image: Free Digital Photos

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National Encore Entrepreneur Mentor Month | The U.S. Small Business Administration | SBA.gov

Sat, November 22, 2014

SBA and AARP are again teaming up to host National Encore Entrepreneur Mentor Month, targeting entrepreneurs over the age of 50. Building on last year’s successful strategic alliance, the two organizations provided nationwide mentoring and training to over 119,000 individuals. Throughout April, SBA district offices, state AARP offices and SBA resource partners will host more than 100 events (workshops, conferences, seminars, etc.) to help entrepreneurs 50+ start or grow a business. In addition, visit http://www.sba.gov/encore for free online courses and other resources to help you start, grow and succeed.

 

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The Town Where Everyone Still Walks to School

Sat, November 22, 2014

In 1969, half of American schoolchildren walked or rode their bikes to school. These days, relatively few do. Just 13 percent of kids walked or biked to school in 2009.

But there’s one Ohio community that has steadfastly resisted that change. In the town of Lakewood, almost everyone still walks to school. That’s because Lakewood doesn’t have any school buses—and it never has.

Image: Lakewood, Ohio, is the most densely populated place between Chicago and New York City. Flickr/Joshua Rothhaas

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What Net Present Value Can’t Tell You

Sat, November 22, 2014

Let me pose a question: What’s more valuable?

  1. Investing 10 million dollars in a program that will return 20 million dollars in 3 years with 100% certainty…or
  2. Investing 1 million dollars in a program that will return 3 million dollars in 3 years with 50% certainty?

Basic theory says the first option is more valuable. I can expect to accrue 10 million in profit on an initial investment of 10 million. In the second scenario, if I can find 10 similar investments, I can expect to receive 5 million in profit — since I am losing the principle on half of my investments.

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Retaining Your Data Scientists

Sat, November 22, 2014

Data scientists are in high demand: McKinsey estimated that we will be facing a shortage of 140,000 to 190,000 data scientists by 2018. Employers have to be on top of their game to keep competitors from poaching their hard-won data science talent. At the The Data Incubator, we work with dozens of companies eager to hire data scientists from our fellowship program. But, as we explain to those employers, attracting and hiring great data scientists is only the first step: they also need to motivate and retain them. We’ve drawn up some best practices both from our own experiences as well as from those of our hiring partners. They fall into three main categories: Support, ownership, and purpose.

 

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Taking the Leap of Faith: Penn alumni reflect on what made them jump into the startup world | ...

Sat, November 22, 2014

When I started Kinnek with my co-founder in early 2012, a lot of people told me that I was taking a big risk. I was quitting a lucrative hedge fund job, and it seemed on the surface that I was throwing away a chance at stable career progression. And yet I was very comfortable with my decision.

Image: Free Digital Photos

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Wayne Gretzky has ‘the best definition of economic development,’ CEOs for Cities chief Lee ...

Sat, November 22, 2014

Wayne Gretzky was talking about hockey when he said, "I just skate where the puck is going, not where the puck was," but the idea also applies to improving the standard of living in cities, says Lee Fisher, leader of CEOs for Cities. "That is probably the best definition of economic development I've ever heard," Fisher told attendees of Wednesday's annual meeting of the Capital Crossroads Special Improvement District and the Discovery Special Improvement District.

Image: CEOs for Cities chief Lee Fisher served many years in public service in Ohio, including lieutenant governor. 

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Boosting Academic Entrepreneurship

Sat, November 22, 2014

We are thrilled about the upcoming 12th annual Academic Entrepreneurship Conference and Awards with more than 40 leading experts. The conference will be combined with the Best Knowledge Based Incubator Awards. We have already participation in the survey from 5 continent - send in your submission before 25 November to rank your incubator!

 

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The Common Traits Of The Most Successful People | Fast Company | Business + Innovation

Sat, November 22, 2014

What makes someone ordinary become extraordinary? Is it their intellect or good luck? Is it their charisma and leadership qualities? There’s no definite formula, but there’s also no denying that there are common traits that make successful people stand apart from everyone else. There are ways of doing things and thinking about the world that people at top just do differently.

Image: Free Digital Photos

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How the world could better fight obesity | McKinsey & Company

Sat, November 22, 2014

Obesity is a critical global issue that requires a comprehensive, international intervention strategy. More than 2.1 billion people—nearly 30 percent of the global population—are overweight or obese.1 That’s almost two and a half times the number of adults and children who are undernourished. Obesity is responsible for about 5 percent of all deaths a year worldwide, and its global economic impact amounts to roughly $2 trillion annually, or 2.8 percent of global GDP—nearly equivalent to the global impact of smoking or of armed violence, war, and terrorism.

Image: http://www.mckinsey.com

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7 Trends Driving Global Health And Life Sciences In 2015

Sat, November 22, 2014

There are presently massive shifts occurring in the competitive global landscape of health, and particularly in the life sciences. As we approach 2015, it is imperative that leaders in the health space understand the trends and shifts happening around them, not only in the US, but also in international markets, cities and service lines.

 

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50 States Of Chaos: Patchwork Regulation Is Crippling Tech Innovation

Sat, November 22, 2014

As aerial-cinematography drones buzz overhead, apartment dwellers order a week’s worth of fresh groceries at the click of a button, and busy travelers hire a private car with the swipe of an app, it seems quite clear that the technology of “tomorrow” is actually here today.

 

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How our brains and bodies change as we fall asleep - ScienceBlog.com

Sat, November 22, 2014

Massachusetts General Hospital (MGH) investigators have developed a system to accurately track the dynamic process of falling asleep, something has not been possible with existing techniques. In their report in the October issue of the open-access journal PLOS Computational Biology, the research team describes how combining key physiologic measurements with a behavioral task that does not interfere with sleep onset gives a better picture of the gradual process of falling asleep. In addition to being a powerful tool for future research, the system could provide valuable insight into diagnosing and understanding sleep disorders.

Image: Free Digital Photos

 

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3 reasons why more entrepreneurs should run for office: NJ mayor - Technical.ly

Sat, November 22, 2014

Nearly nine out of ten people aren’t satisfied with our government’s ability to address the problems and challenges that it faces. People are losing trust at record levels in various levels of government. People are understandably frustrated — those who they’ve elected seem unable to actually get any work done. Yet, re-election rates are incredibly high, for Congress around 90 percent, and actually higher in many state legislatures.

 

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