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Contributed by Shawn Johal, business growth coach, leadership speaker and co-founder of DALS Lighting, Inc. He is also an active member of the Entrepreneurs’ Organization Montreal chapter. . “What is the difference between an obstacle and an opportunity? Our attitude toward it. Every opportunity has a difficulty, and every difficulty has an opportunity.” – J.
Traditionally, corporations that invest in innovation during a crisis outperform peers by up to 30% during recovery, a recent McKinsey report reveals. Ironically, the same report also reveals that current corporate commitment to innovation has been decreasing as CEOs prioritize their core business in the wake of Covid-19. A brief look into the history books reveals another truth: The average life expectancy of corporations on the S&P 500 has been decreasing sharply — from 60 years in the 195
Innovation and entrepreneurship are fundamental drivers of economic growth. Studies show that diversity is key to sparking innovation and developing holistic solutions in early-stage ventures, The post expanding equity in STEM innovation: showcasing female founders of color appeared first on VentureWell.
I am a fan of the slow and steady approach to building a business. I call it “crawl, walk, run.” I have seen many founders try the “run right away” approach and it is super hard to make that work. An example of “run right away” would be to raise a $30mm seed round, hire a couple of hundred employees, and go for broke.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
By Jewelle Saunders. 2016 YLAI Fellow Marco Mendieta is working hard to develop the small business community of Ecuador and regenerate the economy following the devastating earthquake of 2016. He is the founder of Misión Ecuador , created to benefit entrepreneurs and owners of small and medium businesses in the country, starting in the province of Manabí after the earthquake of April 16, 2016.
Practical Metrics and Methods (Academic Edition): Identify and develop better metrics and methods for ecosystem building. In a nutshell : There are many metrics and methods in use in entrepreneurial ecosystem building, but they are not all widely adopted. In fact, many approaches are still emerging. Identifying effective practices for ecosystem building requires robust data, rigorous analysis, and room for experimentation.
Practical Metrics and Methods (Academic Edition): Identify and develop better metrics and methods for ecosystem building. In a nutshell : There are many metrics and methods in use in entrepreneurial ecosystem building, but they are not all widely adopted. In fact, many approaches are still emerging. Identifying effective practices for ecosystem building requires robust data, rigorous analysis, and room for experimentation.
Your company’s value proposition must provide benefits that perfectly match your customers’ pains. First-time entrepreneurs asked to document their hypotheses about Pains and Benefits often experience “blank canvas” paralysis , the inability to get started because of a lack of a clear starting point. This blog post aims to provide a set of categories and examples to guide an entrepreneur to find the relevant pain hypotheses.
I got a question this past weekend that kind of stumped me. The question is – are there any really good mail hosts other than Gmail and Outlook? I realize that Yahoo still operates a mail host as does AOL. And that many of the ISPs offer mail hosting. But all of those feel like 20 year old technology. Of course I could be wrong about that. I am not talking about mail clients like Superhuman and Hey and others (including Apple and Microsoft’s mail clients).
Lately, I’ve been reading a lot about the stock market, the economy, and geopolitics, always a dangerous combination. I’ve come across two charts that I have been wondering about. The first comes from Bloomberg via the BEA. It shows consumer savings rates have catapulted to the highest level ever measured. Meanwhile, consumer spending has fallen in parallel.
To you, what is an Ecosystem Builder? An Ecosystem builder is someone that observes or is capable to identify a problem as a system and contributes or provides a solution in a holistic manner. These are persons who discreetly or loudly contribute to build a vibrant ecosystem. (I don’t say that ecosystem builders are people that yell to be heard but they are definitely people who share their experience and connect at the individual and collective level with other to make things happen).
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
Ramon Ray got a chance to talk with Scott Turner, the Executive Director of the White House Opportunity and Revitalization Council, which is quite a mouthful, so you can refer to it as WHORC. Their conversation definitely has to do with small business success and entrepreneurial support, but the journey is a little different than our normal conversations.
In my book World After Capital , I propose a theory of history in which technology changes the binding constraint for humanity. After hundreds of thousands of years of the Forager Age, constrained by the availability of food in the natural environment, humanity invented agriculture. With that set of technologies (planting, irrigation, domestication of animals, etc.), invented roughly 10,000 years ago, the constraint shifted from food to land in what became the Agrarian Age.
When the coronavirus surfaced in China in December 2019, it set off a domino effect worldwide – with the number of active cases snowballing rapidly. . By February 2020, the daily increase in people falling ill with Covid-19 was in the thousands and -though international borders closed down and households went into lockdown – active cases skyrocketed in June to approxi mately 130,000 new cases a day, according to Worldometer. .
At the MIT Center of Collective Intelligence, professors and graduate students are wrestling with an important opportunity – and gaining ground. With new collaborative tools available for use in the cloud, people are no longer isolated in their creative endeavors. Some label this “crowdsourcing,” a term used to describe one form of this new empowerment.
Gearing up for 2025 annual planning? Our latest eBook from the Operators Guild is your ultimate guide. Discover real-world solutions and best practices shared by top CFOs, drawn directly from discussions within OG’s vibrant online community. Learn from senior executives at high-growth tech startups as they outline financial planning strategies, align CEO and board goals, and coordinate budgets across departments.
If you’re a restaurant owner, I’m sure you’re looking forward to reopening and getting back to business. But diners are nervous. In a recent survey, by P&G Professional , more than 70% of diners expect more thorough and frequent cleaning in restaurants, and 74% want to know how restaurants are being cleaned and sanitized and what measures are being taken to ensure food safety.
In the soul of an ecosystem builder lives a servant leader working for systems change. As I recently wrote , society needs ecosystem builders now more than ever to help communities rebuild and recover. There’s an urgent need and opportunity for ecosystem builders to step up to the challenge and lead recovery efforts. But, there’s a special kind of ecosystem builder who we need most.
Did you watch it live? Last week’s OurCrowd Pandemic Innovation Conference brought together thousands of top investors, entrepreneurs, VCs, corporate executives, and government officials from over 90 countries to hear from experts and discuss how pandemic innovation will guide us to a better future. Watch what you missed from industry leaders presenting healthcare and investment insights, as well as recorded breakouts with startup CEOs and topic experts.
By Scott Meacham. Companies that are more diverse produce better financial results — much better, according to the most recent report in the McKinsey & Company series “Delivering through Diversity.” In the McKinsey report, companies in the top quartile for ethnic/cultural diversity on executive teams were 33% more likely to have industry-leading profitability.
Mighty Financial specializes in supporting the financial aspirations of small businesses and entrepreneurs. With our comprehensive bookkeeping and precise accounting expertise with decades of experience across diverse financial roles, our team offers tailor-made services ranging from essential bookkeeping to strategic fractional CFO support, catered specifically to the unique challenges of technology companies, startups, and SMEs.
Working from home is awesome. However, for many employees of companies it's a security threat, says an IBM study. The study shows more than 80% of respondents either rarely worked from home or not at all prior to the pandemic, and, in turn, more than half are now doing so with no new security policies to help guide them. Business activities that were once conducted in protected office environments, and monitored under specific policies, have quickly transitioned to new, and potentially less secu
To you, what is an Ecosystem Builder? We amplify the voice of the innovators and entrepreneurs, of small business and new ventures. All of them. ALL of them. In my world, there’s a great term “liaison-animateur” connectors who are professional, unselfish, enthusiastic, and proactive. Effective ecosystem builders are them? (Cf. Jeff Bennett’s most recent Medium post –as usual he says it better than I!).
The latest issue of OurCrowd’s Innovation Insider discusses the effect of the COVID-19 pandemic on technology, medicine, and entrepreneurship. In this publication we theorize that these recent developments are not only designed to help adapt to life during the pandemic, but are the beginning of a new reality. The issue covers topics such as telehealth, travel, retail, and finance.
Almost every day we read about some large tech company acquiring a small startup. This steady drumbeat of exits starts to lull angel investors into a false sense of security. Since exits happen on a regular basis, we can just sit back and wait for someone to come along and offer to buy our company, right?
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Many of us have been working from home or some other remote location for over three months now. We have learned a fair bit about this approach to work and we have more to learn in the coming months. I don’t think we will be done with remote work until the pandemic is over. It has taught me three conflicting things: 1/ I can be a lot more productive working remotely than many of us believed before the pandemic. 2/ Those with kids at home don’t experience the same productivity boost. 3
To you, what is an Ecosystem Builder? A person who encourages current entrepreneurs and those who want to develop and grow their own businesses to be aware of and get to know each other and to show them the advantages of exchanging experiences, problems and successes to learn from each other. What motivates you as an ecosystem builder? Seeing the positive results of building and encouraging the development of the ecosystem.
Por Jewelle Saunders. Marco Mendieta (becario de YLAI en 2006) trabaja arduamente para crear la comunidad de pequeñas empresas del Ecuador y regenerar la economía tras el devastador terremoto de 2016. Es el fundador de Misión Ecuador , creada para beneficiar a emprendedores y propietarios de pequeñas y medianas empresas en el país, empezando por la provincia de Manabí tras el terremoto del 16 de abril de 2016.
To adapt to changes in client behavior and requests and employee collaboration, banks need to look seriously at communication software, cyber protection, open APIs, cloud infrastructure, and deeper data-driven thinking, said Dan Bennett, Managing Partner of OurCrowd Australia, during a session on the future bank during the investment platform’s recent virtual OurCrowd Pandemic Innovation Conference.
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