Monthly Archives: May 2013

Graduation Day Advice from Business Insider- Part I

Staffers from Business Insider have compiled a list of answers to the question: “What do you wish someone had told you at graduation?”

Alyson Shontell, Senior Reporter, SAI, wrote:

“Join a startup when you graduate run by seasoned, smart founders. In an ideal world, you’ll pick one that will grow far bigger than it is when you join it. Either way, you will get tremendous experience and get to try your hand at a number of different roles, which can help you decide what you actually want to do with your life. And if the company grows, your career can grow with it.”

Steve Kovach, SAI Editor, added:

“My advice is to not settle. There’s a good chance your first job will be something you hate. If that’s the case, don’t stop looking until you land somewhere you can see yourself working for several years.”

Transporter Reporter Alex Davies advised:

“Leave the country for at least a year. Chances are you can find a job in Europe, South America, or Asia teaching English.

You’ll have a good time, and won’t have to worry about a career for a year. When you come back you will seem more interesting to everyone, including potential employers.

It’s not like you’ll be missing out on a booming economy, either, and none of the people in my graduating class who left the country for a year had more trouble than usual finding a job upon their return.”

Tips for a Fearless Career- Part II

In a recent post, we began listing tips from successful entrepreneurs for those hoping to enhance their professional courage. Here are a few more:

  • Get a Mentor. Wendy McMonigle of WM Design House explains: “One of the best ways to get out of a career rut is to find a mentor or surround yourself with highly motivated people in your field. Sometimes all we need is to talk to someone who has been through the same circumstances. Encouragement is a great motivator- and having someone hold you accountable for progress can be the fuel that you need to achieve newer and loftier goals.”
  • Show Your Passion. Lady Jane’s CEO and Founder Chad Johnson explains that his motto is “Nothing great in life is ever accomplished without enthusiasm.” “I pride myself on my passion for my company and the energy that I bring to our office everyday. If I’m excited, then I know it will be contagious. I really believe that’s what separates someone from being OK to being at a level of greatness.”
  • Make Mistakes. “CEOs often share stories of how they started a company or organization in their garage- and then it magically became a multimillion dollar company overnight. But they skip over the hard parts: the sleepless nights, the obstacles and the mistakes made along the way. When I started my company, what kept me going was how I chose to look at those mistakes. A failure is only a true failure if you don’t learn from what it has to teach you,” says SoapBox Soaps CEO and Co-Founder David Simnick.
  • Trust Your Instincts. Jane Miller of JaneKnows.com says: “My best advice? Do what feels best for you. Each of us have different motivators that make us happy, and if you understand those, you’ll create a career that’s meaningful. If it’s money that motivates you, you might make different decisions than someone who’s driven by helping others. You can’t make a bad decision- unless you do something unethical!- so long as it moves you in the direction that fills you up. And if you start down a path that turns out wrong, you can always course-correct. That’s the power of being fearless!”

Tips for a Fearless Career- Part I

Fear can be crippling in any area of life, and it often has a negative impact on a person’s career. Colleen Oakley of LearnVest recently consulted with several successful entrepreneurs to compile a list of advice for the professionally timid:

  • Let others challenge you. Marc Sampogna, CEO and Founder of Canopy Brand Group, explains: “You should surround yourself with people who are smarter than you. If you partner with those who can elicit a debate and shed new light on things that you may never have thought of, it will make your idea, product or service that much stronger.”
  • Ask for help. “I really hate the ‘I did it all by myself’ style of business stories,” says Troy Hazard, author of Future-Proofing Your Business. “Everyone either needs help- or has had help at some stage from someone. Years ago, I used to think that I was the epicenter of my success. It wasn’t until my business almost wasn’t a success that I realized I needed assistance from others. That’s when I learned that there’s no such thing as self-made. Not only is it important to have your own vision, but it’s equally important to understand the vision of those around you.”
  • Take risks. Ultimate Lifestyle Enterprises’ Stacia Pierce says: “It may sound counterintuitive, but you can spend years analyzing every detail of your business plan and never pull the trigger. When intuition tells you that you have a winning idea- even if you don’t know every single detail- just get going on implementing it! When my daughter, Ariana, and I launched Superstar Nail Lacquer, I had no idea how to manufacture and package the product. But I still started the business, figuring it out along the way- and it all came together quickly. In the past, I have missed out on some very big opportunities while waiting for the perfect conditions…  but not anymore.”

Arizona Passes Bill to Make Precious Metals Legal Tender

gold-and-silver-barsIn a move that will have a significant impact on precious metal dealers of the recent Arizona vote reveal that gold and silver may become legal currency in the state.

Approved by the state House early this month, the legislation cleared the Senate by an 18-10 vote. The motion will now be passed to Republican Governor Jan Brewer. If she signs it, gold and silver coins as well as bullion will become legal tender at some point in 2014.

A similar bill was approved in Utah in 2011. According to the National Conference of State Legislatures, over twelve states have considered the approach over the past several years. If passed, Arizona businesses will be able to accept the precious metals as payment, if desired. The currency change will be strictly voluntary.

Chester Crandell, State Senator, explained that the change remains a “work in progress.”

“This is the first step in getting it into the statute so we can build on it,” he said.

If the bill is passed, the market for precious metals will certainly change, having a major influence on metal dealers. The global monetary system will likely shift as economies continue to struggle.

Keith Weiner, president of the Gold Standard Institute, explained:

“The dollar system and all of the other derivative currencies, including the euro, are a recipe for worldwide bankruptcy.” He added that in order to obtain stability, the economy needs a “sound and honest money system such as gold and silver.”

Baker & Taylor Release New, Free Application Called axisReader

In recent news from Baker & Taylor, they have just released a new, free application for tablets and smartphones that is called axisReader. This new application allows patrons of libraries with the Axis 360 media platform to read ebooks and check them out in EPUB and PDF formats on mobile devices.

Baker & Taylor, Inc. is the world’s largest distributor of books, digital content and entertainment items. They are majority owned by Castle Harlan Partners IV, L.P. With John Castle, Castle Harlan’s Chairman and CEO, the company is a leading private equity investment firm. The new application is easy to use and filled with inviting features. It runs on devices with iOS or Android operating systems and can be installed with iTunes and Google Play.

As George Coe, President of Baker & Taylor’s Library and Education division, said, “axisReader is a powerful tool that provides on-the-go library patrons with the electronic content they want. The release of axisReader shows again that Baker & Taylor is committed to developing technologies that boost library circulation and give patrons a superior library experience.”

John Castle, Castle Harlan and Baker & Taylor are thrilled to offer this fully accessible e-reader in the marketplace. The axisReader and Blio are the only fully accessible ereaders in the marketplace.

traducción español

Baker & Taylor Lanzan una Nueva Aplicación Gratis Llamada axisReader

En las noticias recientes de Baker & Taylor, se informó que ellos acaban de lanzar una nueva aplicación gratis para tablets y smartphones llamada axisReader. Esta nueva aplicación permite a usuarios de bibliotecas, que tengan la plataforma Axis 360, leer y echar un vistazo a ebooks en las plataformas EPUB y PDF de sus dispositivos móviles.

Baker & Taylor, Inc. es la mayor distribuidora de libros, contenido digital  y artículos de entretenimiento. Quien posee la mayoría de las acciones es Castle Harlan Partners IV, L.P. Con John Castle, director y CEO de Castle Harlan, la compañía es una líder dentro de las empresas de inversión de capital privado. Las nueva aplicación es fácil de usar y llena de atractivas características. Funciona en aplicaciones que tengan sistemas operativos de iOS o Android y puede ser instalada con iTunes y Google Play.

Como George Coe, presidente de la biblioteca Baker & Taylor y división educativa, dijo, “axisReader es una herramienta poderosa que provee a los usuarios de bibliotecas con el contenido electrónico que ellos desean. El lanzamiento de axisReader demuestra nuevamente que Baker & Taylor está comprometido con el desarrollo de tecnologías que disparen la circulación de las bibliotecas y le den a los usuarios un experiencia superior.”

John Castle, Castle Harlan y Baker & Taylor están emocionados de ofrecer este acceso completo de lecturas en línea al mercado.  El axisReader y Blio son los únicos con acceso completo a lecturas en línea del mercado.
English Translation

ShopKeep POS, an iPad Point of Sales

ShopKeep, an iPad POS point of sale system, was developed by business owner Jason Richelson to suit the needs of those standing “behind the counter.”

The ShopKeep system helps retailers simplify sales by allowing users to add items, select a payment method, add a gratuity and complete the transaction by tapping on an iPad.

Reuters reports further:

 

 

 

5 Tried-and-True Tips from Amazon Founder Jeff Bezos

Jeff Bezos, the founder of Amazon, has shared numerous tips throughout the two decades of his business. What originally began as an online bookstore has become an entrepreneurial empire thanks to hard work, creative ideas, and high standards.

John Greathouse, a contributor to Forbes Magazine, listed 5 success tips from Bezos:

  • Establish a High Hiring Bar- You’re Creating an Enduring Culture

“I’d rather interview 50 people and not hire anyone than hire the wrong person.”

“Cultures aren’t so much planned as they evolve from that early set of people.”

  • Combine stubbornness and flexibility

“We are stubborn on vision. We are flexible on details… We don’t give up on things easily. Our third-party seller business is an example of that. It took us three tries to get the third-party seller business to work. We didn’t give up.”

“If you’re not stubborn, you’ll give up on experiments too soon. And if you’re not flexible you’ll pound your head against the wall and won’t see a different solution to a problem you’re trying to solve.”

  • Focus on Customer Experiences (Not Colleagues’)

“We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.”

“There are multiple ways to be externally focused that are very successful. You can be customer-focused or competitor-focused. Some people are internally focused, and it they reach critical mass, they can tip the whole company.”

  • Pitch the Organizational Chart

“The great thing about fact-based decisions is that they overrule the hierarchy. The most junior person in the company can win an argument with the most senior person with regard to a fact-based decision. For intuitive decisions, on the other hand, you have to rely on experienced executives who’ve honed their instincts.”

  • (Know When To) Throw Away the Rule Book

“Every well-intentioned, high-judgment person we asked told us not to do it. We got some good advice, we ignored it, and it was a mistake. But that mistake turned out to be one of the best things that happened to the company.”

John Paulson Backs Dish Offer to Sprint

John Paulson recently backed the newest bid for Sprint Nextel from Dish Network. According to Paulson, the $25.5 billion cash and stock offer was better than Softbank’s, which offered 70% of the company.

According to LionShares, Paulson & Co. is the fourth largest shareholder in Sprint today. The hedge fund purchased 127.7 million shares, or 4.5%, of Sprint Nextel during the fourth quarter of last year.

Paulson explained his claim, stating that “Dish is offering more value to Spring shareholders and also is contributing valuable spectrum, 14 million subscribers, cost synergies and revenue synergies.”

The Fortune 500 company revealed the unsolicited bid earlier this week, and the board is currently considering the offer. Charlie Ergen, Dish Chairman, believes the combination will enable the company to utilize available spectrum to provide customers with access to additional wireless data. The Federal Communications Commission allocated a large portion of wireless spectrum to the company, but the license will expire if it is left unused over the next seven years.