“Having good control of your finances as a startup, and even as a seasoned businessperson, is what really translates into success,” the author begins. Going beyond acquiring the needed capital to finance your startup, here are eight keys to making smart money decisions from the most successful CEOs, ranging from limiting your budget for advertising to avoiding higher valuation.
Consulting with a financial adviser can carry a big price tag for small business owners. Financial planners often require a minimum amount of investable assets, and for many that requirement amounts to $250,000 or more. However, the author notes that there are less expensive (even free) resources that make financial planning accessible. With time being a powerful ally in building your financial portfolio, she says, it’s also imperative that you start as soon as possible. She follows with a discussion of resources to access for free or low-cost financial advice.
While most artificial intelligence (AI) and other advanced tech centers on subjects such as self-driving cars and robot workers, the real changes are coming to everyday workplaces. Here, three of Inc.’s top columnists discuss the three business trends to expect in 1919: augmented reality (AR), especially in professions that involve complicated, multistep manual tasks; nanodegrees, which are “hyper-specific learning programs that offer certifications for tech-based skills”; and “transcranial direct current stimulation” (tDCS), which promises to help employees maintain concentration for up to six hours – especially on boring tasks that take too long (a farewell to coffee breaks?).
Critical thinking is “way of approaching whatever is presently occupying your mind so that you come to the best possible conclusion,” the author states. He continues, “Critical thinkers are focused on constantly upgrading their knowledge, and they engage in independent self-learning. They make some of the best leaders, because they can reach new planes of self-improvement and self-actualization.” So while you may not consider yourself, or strive to be, an Albert Einstein, Henry Ford, or Marie Curie, cultivating these 16 characteristics may help you become a better leader, from careful observation and curiosity to an awareness of common thinking errors and active listening.
The Government of Canada recently released its Women Entrepreneurship Strategy, “a comprehensive, whole-of-government plan to help women grow their businesses through access to financing, talent, networks and expertise.” An integral part of the program is its Women Entrepreneurship Fund, a $20 million investment providing up to $100,000 in non-repayable contribution funding for a year. The Fund will finance women-owned and women-led businesses to invest in a number of pursuits, including international marketing opportunities, scale-up, expansion, and growth. Eligible businesses are invited to submit their proposals by November 15th at the Government of Canada website.
Whether it’s your own data or that of your customers, this is a dicey time for companies that work online. With that said, here are eight specific things you can do to secure your data, from hiring a company to handle it all to securing your emails and phones.
Unlike the morning rituals of industry heavyweights Elon Musk, Richard Branson, and Tim Cook, Jeff Bezos “insists on a full night’s sleep and spends his leisurely mornings…puttering.” The author continues: “Yes, that’s right. The world’s richest man skips heroic productivity rituals for breakfast with his kids and a slow morning warm up. He doesn’t get fully up to speed mentally until 10 a.m.” So why might you want to follow Bezos’s lead? The author explains that “trying to squeeze every moment of productivity you can out of your day tends to backfire.” Such a constant awareness of time tends to make you feel frantic, and “rushing from task to task is also a great way to lose sight of the bigger picture.”
While the average employee receives about 125 emails on a given day, leaders may want to stem the tide. According to new research from Michigan State University (MSU), leaders spend a minimum of 90 minutes a day recovering from email interruptions, which may cause them to “scale back leadership behaviors such as motivating and inspiring their team.”
Because stress narrows your attention, leaders feeling overwhelmed and unproductive due to email demands may cause them to focus on “smaller tactical duties.” The answer? According to the productivity software Boomerang’s chief of product and cofounder, simply using email settings to pause your inbox (for at least 90 minutes) and scheduling daily email deliveries can help leaders minimize recovery time. Just make sure to communicate your email schedule to staff.
While equity crowdfunding (also known as crowdinvesting) isn’t right for every startup, for some entrepreneurs it can work well for raising capital while accessing investor expertise. Here the author explains the difference between equity crowdfunding and Kickstarter’s model of rewards-based crowdfunding, gives lessons in “equity crowdfunding 101,” and outlines several different crowdinvesting rules for doing equity crowdfunding online.
Enterprise Toronto is open for any and all entrepreneurs and small business owners to register for its November program. The 10-session training program is designed to help entrepreneurs develop their business ideas and growth plans, and offers personalized advisory support upon completion. You can learn more about the program and access registration information at the City’s website.