Business Tesla to buy battery tech maker Maxwell Technologies for $218 million |
- Tesla to buy battery tech maker Maxwell Technologies for $218 million
- Piyush Goyal To Address RBI Board, Likely To Highlight Interim Budget - Impact News India
- Advice on starting first business
- Government to Cigna: Drug Pricing is Broken
- Alphabet revenues are up 22% but the stock is still dropping
- How Facebook App Development beneficial for your business.
- Burning Oil at Both Ends: How Hugo Chavez and Nicolas Maduro Destroyed the Venezuelan Oil Industry
- Charlotte Russe files for bankruptcy and will close nearly 100 stores
- Adam Grant's Leadership Books to Read in 2019
- The Triple Jeopardy of Ke Xu, a Chinese Hedge Fund Quant
- How your health information is sold and turned into ‘risk scores’
- Pros and cons of using cloud-computing in your business?
- Google beats Wall Street expectations in strong fourth quarter earnings
- How Away made luggage an aspirational product
- I advocate against "follow-up messages" — maybe I can change your view (Mindset Talk)
- My story how I left 9-5 job to start my own business. Hopefully the story can be motivational to someone who is just thinking about taking the plunge into entrepreneurship.
- Between purpose and profit: Breaking the spell of false trade-offs
- Soft skills are an investment
- Happy Birthday Facebook
- Does an app making app own all apps made on it?
- Competitions for external startups
- Papa John's shares jump after Starboard's Jeffrey Smith named chairman, fund invests $200 million
| Tesla to buy battery tech maker Maxwell Technologies for $218 million Posted: 04 Feb 2019 07:56 PM PST |
| Piyush Goyal To Address RBI Board, Likely To Highlight Interim Budget - Impact News India Posted: 04 Feb 2019 11:51 PM PST |
| Advice on starting first business Posted: 04 Feb 2019 10:41 PM PST Hi all, I'm 29 years old and looking for some advice on working towards wealth. I was brought up in a poor family - they were immigrants. When I was young I always dreamed of becoming wealthy but since I've aged it's not about just being wealthy but also having the financial freedom to do what I want while giving my family (wife and daughter) a great life. I'm currently working as a marketing manager for a beverage company making $50,000 salary in Seattle with just a single income. I am curious on how I should go about starting a business. I don't know where to start and how much money I need to get things going. My take home amount is around $3200 after taxes a month and a commercial building ranges from $2000 and beyond. Any recommendations what I can do to start a business and start building wealth. I have so many ideas but money is holding me back unfortunately. [link] [comments]  |
| Government to Cigna: Drug Pricing is Broken Posted: 04 Feb 2019 05:48 AM PST |
| Alphabet revenues are up 22% but the stock is still dropping Posted: 05 Feb 2019 01:55 AM PST |
| How Facebook App Development beneficial for your business. Posted: 05 Feb 2019 12:37 AM PST Facebook applications are tremendous hit in the social media ecosystem. There are a various Facebook applications in different domains like retail, gaming, photo editing, entertainment and many more. These applications help businesses in establishing their brand and a their revenue levels. [link] [comments]  |
| Burning Oil at Both Ends: How Hugo Chavez and Nicolas Maduro Destroyed the Venezuelan Oil Industry Posted: 04 Feb 2019 08:24 PM PST 300 billion barrels of crude oil are buried under Venezuelan soil, more than any other country in the world. For a long time, this immense natural resource blessing financed an enviable standard of living, with a GDP per capita similar to that of Spain or Japan. However, the country's oil sector, the engine that powered this prosperity has been sputtering since Hugo Chavez became president of the country in 1998. Venezuela produced 3.3 million barrels of oil per day in 1998, but by late 2018 that number had fallen to only around 1.2 million barrels of oil per day. Today's podcast episode is about the causes of Venezuela's declining oil industry. I will discuss the origins of Hugo Chavez's enmity with oil industry, the consequences of the systematic under-investment in new exploration and maintenance, and how the collapse of Venezuela's institutions has reverberated back against Venezuela. Venezuela's oil dependence has always tied the countries economy to the price of oil. The inflation adjusted price of oil fell from around $120 in 1980 to only $17 in 1998, forcing the government to commit to severe austerity. Over 2,000 lost their lives in the Caracazo in 1999 after the residents of Caracas revolted after cuts to subsidies. It was anger against the political elite that powered the victory of Hugo Chavez in 1998 on a platform for radical change. However, Chavez quickly faced obstacles in the form of the PDVSA, the state owned oi company. Although the Venezuelan oil industry was nationalized in 1974, the resulting company absorbed the private sector managements and it's ethos as well. PDVSA ignored OPEC quotas to maximize production. It retained as much of its profits as it could, and remitted as little as it could to the government. Hugo Chavez sacked and humiliated PDVSA's management, including sacking senior management with a whistle like misbehaving footballers. The conflict came to a head when PDVSA orchestrated massive strikes culminating in a coup attempt. Chavez responded by firing nearly half PDVSA's staff, 18,000 people, and almost all of it's management. From then onwards, PDVSA became a tool of Hugo Chavez's political agenda. From 1998, Venezuela benefited from a spectacular rise in the global oil prices from $18 per barrel to $150 per barrel. Hugo Chavez instructed the government to use this bonanza to massively increase social spending dramatically expanding access to healthcare and education for the poor. However, only $ 3 billion of PDVSA's $26 billion in revenue were reinvested in the company, barely enough to maintain current levels of production. Much of Venezuela's oil production comes from the tar sands in the Orinoco basin where costs per producing a barrel of oil high and the technical expertise needed higher. Foreign investment was invited in the 1990s, but the Chavez government took a much harsher tone, taking large uncompensated stakes in multinational ventures in 2007. Most companies accepted the partial expropriation, but the act seriously disincentivized future investment. However, production declines have been most marked in traditional oil wells directly managed by PDVSA due systematic underinvestment by the state owned enterprise. Instead of preparing for the inevitable collapse of oil prices, the government ran budget deficits in 9 of the 14years he was in power, and as a result the state was totally unprepared for the financial crisis of 2008. Hugo Chavez died in 2013 from a sudden heart attack near the peak of his popularity. His succesor, Nicolás Maduro, a former left wing labor activist, inherited the legacy of Chavez's reckless policies. Venezuela's oil production decline began from 1998, but the process has accelerated since the ascension of Maduro. Chavez and Maduro both undermined the political institutions of Venezuela, politicizing the military and security forces. Maduro has promoted 2,000 officers to generalship, and officers control 11 of Venezuela's 32 ministries and 11 of 23 governorships as well as dominating the senior management of PDVSA. However, the military is failing at its most basic task of providing basic human security. Venezuela has a homicide rate of over 50 per 100,000, making Venezuela as dangerous as Honduras or El Salvador. Piracy is rife, as armed gangs have looted the copper wiring from oil rigs costing the government immensely. Moreover, an estimated 25,000 to 150,000 barrels of oil are smuggled everyday into Colombia costing the government between $1.5 and $3 billion. Given Venezuea's economic collapse, it should hardly be surprising that over 3 million people have fled Venezuela. Among these refugees are three quarters of all of PDVSA's employees. There's a longstanding logic to the collapse of Venezuela. Hugo Chavez's conflict with PDVSA caused him to gut the agency, and starve it of resources. Massive increases in oil prices masked the slow decline of oil production under Chavez, and became obvious after the collapse oil prices. But at that point, the economic, political and social collapse gained a momentum of its own. While there is a clear logic to the collapse of Venezuela's economy, there isn't any obvious path forward. Simply removing the current regime won't draw skilled oilmen back, or restore basic human security. The process of restoring the Venezuelan oil industry is just a difficult firsts step for reviving the Venezuelan economy,. Selected Sources:"Full Sovereignty Over Oil": A Discussion of Venezuelan Oil Policy and Possible Consequences of Recent Changes [link] [comments]  |
| Charlotte Russe files for bankruptcy and will close nearly 100 stores Posted: 05 Feb 2019 12:01 AM PST |
| Adam Grant's Leadership Books to Read in 2019 Posted: 04 Feb 2019 07:46 PM PST |
| The Triple Jeopardy of Ke Xu, a Chinese Hedge Fund Quant Posted: 04 Feb 2019 07:43 PM PST |
| How your health information is sold and turned into ‘risk scores’ Posted: 04 Feb 2019 10:42 PM PST |
| Pros and cons of using cloud-computing in your business? Posted: 04 Feb 2019 10:05 PM PST |
| Google beats Wall Street expectations in strong fourth quarter earnings Posted: 04 Feb 2019 01:59 PM PST |
| How Away made luggage an aspirational product Posted: 04 Feb 2019 11:20 AM PST |
| I advocate against "follow-up messages" — maybe I can change your view (Mindset Talk) Posted: 04 Feb 2019 03:45 PM PST I know Reddit. I'm expecting this to be downvoted into oblivion for the simple fact that it's easier to spray negativity when you're anonymous — and also because who the fuck am I to tell you what to do, unless I put some "I made $50,000 in 2 days" in the title. Also because it's not short-term. However, it's my message and it's also possible to get exactly one human being to look at it differently. Who knows? It's my lottery ticket. I was answering this question that went like this "What is the best way to follow up after giving a demo of an IT enterprise product?". Below is my answer. I think its core mindset elements can be taken for any business person. The AnswerIt might sound counter-intuitive but here's my answer: I wouldn't. I know — you've spent time and resources, probably money as well to deliver that demo. You're not getting them back and that's a fact. If you're discouraged by that, it might be an even longer "road" to be taken — but also a more rewarding one. My thesis is this: if your demo didn't convert them, two things are happening.
Number 1.The reason why I wouldn't follow-up after a demo is that if it's not a good fit, then the company is clearly needed to get back to finding the right fit with another client — that ends there. If, on the other hand, the problem also consists of the utilitarian value layer of your solution, I'd take it as a message from the market. A message that says "it's not desirable enough at this moment, it needs to be better". It can sound rough, you may skip this answer because it's not what you want to hear. But it might be a mindset filter. The motivation is simple: you want to get to a point where your customers are depending on you, given how much they get out of using your product. If you're not there, back to the whiteboard. If you're not there and you take this "message" from the market, I'm just saving you time. And it's not me — you're saving yourself time. And buying yourself the future state where you can charge way more than you imagine now. I'm saving you time and a lot of stress because you could go on for 5 years with follow-ups and the consequent disappointment, instead of focusing now for 6–18 months on making a solution that brings so much value, you won't need to do follow-up calls/emails. So depending on your character, take this as a message after 2, 4 or 6 cold turkey connections. Again, maybe it's about the right fit, maybe something just happened on the other end and they're in financial trouble. Now for #2If you're in a place where you're confident as hell that the solution brings actual value, what I wrote above for #1 will come into your mind natural. And while it can be very ego-heavy, it doesn't have to be. It can be a matter of calm confidence, i.e. without some additional baggage. By that I mean unnecessary "yeah it's their fault, they can't see the value that I provide" or "they're losers" These are two quick examples of what I don't want people to understand I'm preaching. You can simply move on without them — society is at a point where this is the standard but at the same time, we've just started adapting and maturing on to the next level (but that's out of the scope of this answer). Hey, in fewer sentences: once you know that what you offer provides enormous value, you won't need to follow-up people — you're not "chasing" because you know the relationship you want is clicking without friction (i.e. without you having to say indirectly "did you guys decide yet? did you forget about it? let me remind you") Besides, by giving time, sometimes (very rarely though, I know) things happen. Multiple times I haven't followed-up and after a month I've got a message saying "OP, hey, sorry for the late reply. We've got this huge problem in our company because X happened but now we're ready for the engagement to start, should you still be free." I'm afraid of this thoughI'm afraid people will listen to this and then proceed to not follow-up because of ego. Because a voice will say "Don't follow-up, you're better than that". It can go on a wrong path as well. The mindset core would be this, I'd say — "Why spend time chasing a non-optimal relationship with people that are not fully interested, instead of devoting that time to making the solution exponentially more helpful?" I'm also aware that this does not apply all the time — what I've been always vouching for is listening to your instinct. All this post is trying to do is expand the range of what your instincts can do. If you feel like you should follow-up, by all means do it. A very big caveatIf you're in need for short-term revenue, then yes, obviously follow-up and chase it. But I only mean real short-term — you're close to bankruptcy or some other urgent need. Calming that voice in your mind that tracks how much money you've made this year (especially as opposed to your friend John who did +$50,000 more last year) does not count. Ideally, if you're running a business that shouldn't be the case. But hey, I understand, sometimes situations happen. One last thing to mentionBuckle up for the damn long-term ride of this. That exponentially becomes an easier thing to do one you believe in what your solution does (#2 in this written piece). I say exponentially and I want to highlight it because we, as humans, naturally think in linear terms. Exponential happens, though, when you're in for the long-term. [link] [comments]  |
| Posted: 04 Feb 2019 01:30 PM PST |
| Between purpose and profit: Breaking the spell of false trade-offs Posted: 04 Feb 2019 08:55 AM PST |
| Posted: 04 Feb 2019 09:47 AM PST |
| Posted: 04 Feb 2019 02:10 PM PST |
| Does an app making app own all apps made on it? Posted: 04 Feb 2019 03:23 PM PST I was thinking of starting a small business and a good way of starting my business would be to create an app to sell my products on, if I used an app making app to create my app and then my business was successful would the app making app have any ownership over my app? (Sorry for the overuse of the word app) [link] [comments]  |
| Competitions for external startups Posted: 04 Feb 2019 05:03 AM PST Hi, Virgin Group runs competitions for budding entrepreneurs. They submit an idea, go through a process and the winner gets cash and access to virgin resources. How does virgin benefit from this? What are the risks if say instead of a cash prize it was a loan, or equity in the company? [link] [comments]  |
| Papa John's shares jump after Starboard's Jeffrey Smith named chairman, fund invests $200 million Posted: 04 Feb 2019 04:51 AM PST |
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