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    Wednesday, November 27, 2019

    Home Unlabelled Business How Texas Instruments monopolized the US education market for graphing calculators, products with high profit margins and tech that hasn't changed in 20 years — These $100 calculators have been required in classrooms for more than twenty years, as students and teachers still struggle to afford them

    Business How Texas Instruments monopolized the US education market for graphing calculators, products with high profit margins and tech that hasn't changed in 20 years — These $100 calculators have been required in classrooms for more than twenty years, as students and teachers still struggle to afford them

    November 27, 2019

    Business How Texas Instruments monopolized the US education market for graphing calculators, products with high profit margins and tech that hasn't changed in 20 years — These $100 calculators have been required in classrooms for more than twenty years, as students and teachers still struggle to afford them

    How Texas Instruments monopolized the US education market for graphing calculators, products with high profit margins and tech that hasn't changed in 20 years — These $100 calculators have been required in classrooms for more than twenty years, as students and teachers still struggle to afford them

    Posted: 26 Nov 2019 08:57 AM PST

    The End of Apple Has Begun (Forbes deleted the article so link is to Google cache)

    Posted: 26 Nov 2019 06:54 PM PST

    WeWork shows that real profit still matters more than "growth"

    Posted: 26 Nov 2019 06:02 AM PST

    How Small Marketing Teams Can Create World-Class Content

    Posted: 26 Nov 2019 09:35 AM PST

    The MLM Epidemic in 13 Jaw-Dropping Maps

    Posted: 26 Nov 2019 08:22 AM PST

    How to reach prospects on LinkedIn using Voice Messaging!

    Posted: 27 Nov 2019 01:24 AM PST

    Worker Engagement Rights - Legal Framework/Contracts as a freelance subcontractor in AUS

    Posted: 27 Nov 2019 12:57 AM PST

    Hi,

    I work in the field as a consultant and looking to bring on a couple of 'shadow' report writers to do the work, and then rebrand it as my own. They have no problem with this and is somewhat common in the industry.

    However, I have concerns that the following, while unlikely, could happen;

    • Either of the shadow report writers decide to work for my main client directly and cut me out
    • My main client decide to cut me out and uses these shadow writers directly (this is unlikely as they will have no direct contact with my client)

    I don't think this would happen in the near future, but I want to future proof my business. Nevertheless, I was writing to see if there was some sort of contract or agreement I could make each of these shadow report writers sign before they commence? This would be for them to agree to a 3, 6 or 12 month term that they are unable to do any work for any of my clients after they finalise any final reports for them.

    Couple of key points;

    • They are sub contracted and I pay them a set fee for their service
    • Both myself and them work in Australia
    • Work is somewhat sporadic for them - 1-2 jobs a month - yet I am expecting this to grow to 4-5/month in coming year

    Would I be better off just not saying anything to the shadow writers, or is there something else that I could do to prevent mutiny among the ranks (both above and below myself).

    Thanks in advance.

    ROOKIE

    submitted by /u/jimmylufnin
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    26 validators have already joined DAOBet MainNet

    Posted: 27 Nov 2019 12:22 AM PST

    Netflix reopens iconic New York theater to showcase its most prestigious films

    Posted: 26 Nov 2019 09:38 AM PST

    The easiest way to sell anything to anyone in the 21st century

    Posted: 26 Nov 2019 01:29 PM PST

    In order to be a great salesperson, you shouldn't be a salesperson...

    I know it sounds so counterintuitive.

    Let me explain.

    When I say the word "salesperson", what words come to mind?

    Hyped and aggressive?

    Snake-oil?

    Used car salesman?

    The word itself has become negative.

    Some people don't even think it's a "real career".

    What they don't know is, some of the highest paid and most successful businessmen and women on the planet are salespeople.

    Elon Musk is a salesperson - when he announces the new Tesla, he is closing.

    Steve Jobs was a salesperson - when he announced the new iPhone in front of millions of people, he was closing.

    And Warren Buffet, when he's hosting the shareholder meeting, he is closing.

    Now, I'm not saying you need to be like them to become a great salesman.

    But why do people only see the bad, slimy, and pushy salespeople, and not the others?

    That's because the highest paid and most successful salesmen are NOT salesmen…

    .... they're doctors.

    When they are selling, they don't shove their products down their prospect's throat.

    They don't speak fast.

    And they're not hyped.

    Instead, they diagnose the prospect before prescribing the medicine.

    They ask the prospect questions about them to find out their needs and pain points.

    They qualify the prospect… (and disqualify them, if they're not a good fit)

    They're calm and listen more than they talk.

    When you sound professional and caring, your prospect will open up, and it'll be easier for you to connect with them.

    And when you can connect with the prospect, you have the power to close anybody, on anything, anytime.

    submitted by /u/VictorFa
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    Black Friday Giving - Patagonia is an example of a good business doing well!

    Posted: 26 Nov 2019 11:35 PM PST

    I Made Over 1000 Dollars With One Short Story

    Posted: 26 Nov 2019 11:05 PM PST

    Event Organisers In Hyderabad | Event Management Companies In Hyderabad - Festiva Events

    Posted: 26 Nov 2019 09:52 PM PST

    What to do if You Don't Have a Technical Cofounder

    Posted: 26 Nov 2019 09:09 PM PST

    See full post with images: https://loopinput.com/what-to-do-if-you-dont-have-a-technical-cofounder/

    Introduction

    One of the most common issues that entrepreneurs run into, that no one seems to like to talk about, is the lack of a technical cofounder.

    In the startup world, it is almost a bit of a taboo to mention that you don't have anyone that can actually build out your idea. Telling someone this will often elicit from them an exasperated but sympathetic "oh…" accompanied by a glazing over of their eyes as they lose interest.

    My goal here is to relieve the pain, confusion, and desperation that I so often see this issue causing entrepreneurs.

    What do you do when you have a great idea and are ready to execute but there is no one on the team who can actually build the product?

    You have four options.

    Yes that is right, the decision can actually be distilled into four different options one of which, depending on your unique situation, will stand out as a much better choice than the others. The path you choose has far reaching consequences for the future of your company so don't make this decision lightly. At various companies and times in my life I have experience with every single one of these options and have seen the resounding successes and devastating catastrophes that can result from each, many times over.

    Finding a Technical CoFounder

    This option is both the best option and the most unrealistic. Finding a technical cofounder is like entering into a marriage, it is an important decision and one which a lot of the time does not work out. If you rush into a cofounder relationship out of desperation there is a high likelihood that it will not end well.

    On the list of why startups fail "Not the Right Team" is the number 3 reason at 23% (https://www.cbinsights.com/research/startup-failure-reasons-top/).

    A potential technical cofounder has to have a combination of high commitment, sufficient technical ability, and right cultural fit with the rest of the cofounders which is very rare to find. Often chasing a technical cofounder will result in a long period of fruitless searching after which you are back to where you started, so if you pursue this option, make sure that your budding venture can support this potentiality.

    Hiring a Local Developer

    The second option is to pay a developer to code it. This option is split into two sub-options.

    The first sub-option is to pay a local developer to join the team full time. This is a great option but requires money. A local developer (assuming you live in the states) usually commands a six-figure salary. Most startups that don't have a product yet just cannot afford this.

    Furthermore, without a product and traction, it is very difficult to impossible to raise enough money to cover a six figure salary. You are in a bit of a chicken and egg situation with this option where you need the money to build the product and you need the product to raise the money.

    Hiring an Overseas Developer

    The other sub-option is to hire an overseas developer (typically somewhere in Southeast Asia or Eastern Europe) to build the mvp. This option can be affordable for most startups (https://medium.com/existek/top-it-outsourcing-countries-in-2019-772df2af7705) but comes with its own host of problems.

    Typically, chief among the issues are code quality and communication barriers. Overseas developers are priced more cheaply because they tend to produce a lot buggier code and are less fluent in English than their local counterparts. These two things combined can mean you spend a chunk of money on an overseas developer and come out with something unusable that will need to be scrapped and recoded from scratch anyways.

    There are some ways to mitigate these two issues. If you are fluent in the overseas developer's native language you can mitigate the communication issues. If you rigorously filter which developers you hire and go slightly upmarket in price you can partially mitigate the code quality issues. Taken to an extreme, with these two strategies sometimes a startup can successfully have their entire dev team overseas. Usually this works best when the startup founders are from the same country as the devs, can fly overseas when necessary, and all the overseas devs work in the same office together with its own management hierarchy and are not remote (i.e. all overseas devs work together in one office in Bengaluru and are not spread out across India). This is the exception and not the most common case. More often than not, going with overseas developers wastes time and money with not much to show for it in the end.

    Learning to Code

    The final option is for one of the current cofounders to learn to code. Most of the time this is going to be the answer. The strategy takes advantage of what many early stage startups have (time of the cofounders) while not requiring what many early stage startups don't have (resources). Long term, this strategy also tends to reap the most benefits. The better you understand the technology you are using the better you can manage, understand, and filter developers. Even if you are not always going to be coding the product, it is a worthwhile investment to learn how to so that you understand the technical aspects of the product better down the line.

    History supports this option as generally the best route. Google, Facebook, Airbnb, and almost all of the other unicorn startups had their founders code the mvp. In fact, it is difficult to find examples of mega-successful startups that did not follow this model.

    This path comes with its own gotchas however. First, it will take a matter of months to develop the mvp and a huge time commitment. The amount of time taken to code the mvp is a function of the aptitude for learning to code of the cofounder pursuing it, the time they put in per week, and the complexity of the mvp. Tinker with these factors and you can go from having a working mvp in two months (cofounder with aptitude for coding, putting in 12 hours a day, and relatively simple mvp) to never having an mvp (cofounder has a very low aptitude for coding, won't or can't put in the sufficient time, or complexity of the mvp compounds a combination of low aptitude/insufficient time).

    The Final Decision

    So final decision tree goes like this:

    Can you afford a significant amount of time looking for a technical cofounder and abide by the possibility of not finding one or one not working out?

    Then try to find a technical cofounder.

    Otherwise, can you afford to pay out a six-figure developer salary?

    Then hire a local developer after a rigorous filtering process but keep in mind that most of the time you will be better served by learning to code it yourself.

    Otherwise, do you have the technical knowledge/native bilingual proficiency to manage overseas developers?

    Then possibly hire overseas developers but keep in mind that most of the time you will be better served by learning to code it yourself.

    Finally, if you didn't fulfill any of the conditions of the routes above, learn to code it yourself.

    Conclusion

    A lot of people will tell you that learning to code will take years and is a waste of time. I was told something similar by a lot of very talented technical people at well-known companies. There is a lot of a gatekeeping attitude around coding unfortunately.

    For someone who is intelligent and committed this is just not true. Learning to code is one of the most useful and rewarding things you can learn as a software-focused entrepreneur that will bear fruits for the rest of your career.

    Note: I offer this opinion free of commercially influenced bias. I am not selling nor am associated with any product that teaches people to learn to code.

    submitted by /u/MasterCode3
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    Top 15 Largest US Companies by Market Value 1987-2019

    Posted: 26 Nov 2019 03:06 AM PST

    Split shifts, unpredictable hours. A retail worker’s life.

    Posted: 26 Nov 2019 01:07 PM PST

    Why I Hate NPS With a Passion

    Posted: 26 Nov 2019 08:08 PM PST

    General Election: Labour’s spending plans backed by more than 160 prominent economists

    Posted: 26 Nov 2019 07:39 PM PST

    They See You When You’re Shopping

    Posted: 26 Nov 2019 04:39 PM PST

    Best Vanguard ETFs! (Complete List & Analysis)

    Posted: 26 Nov 2019 04:38 PM PST

    What are your Best vanguard etfs To Buy In 2020 and why?

    Here are some of my top picks: VDC, VTI, MGK, VUG,

    they have fairly big dividends and consistently go up every year. Moreover, I specifically picked the ones that were resistant to bear markets by comparing historical data in the 2008 market crash and then there individual recovery.

    For more info on my top picks see my vid: http://www.therighttrader.com/best-vanguard-etfs/

    submitted by /u/bigboiindawest
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    Disney Stock In Record Territory As New Research Puts Disney+ Downloads At 15.5M

    Posted: 26 Nov 2019 10:28 AM PST

    Interview with Taylor Stitch Co-Founder Michael Maher On Building a Successful Brand, Embracing Change, and Overcoming Adversity (Podcast)

    Posted: 26 Nov 2019 04:11 PM PST

    Hi Everyone,

    Just wanted to drop in to share my recent podcast I did with the co-founder of the men's apparel company Taylor Stitch, Michael Maher to talk about TS, building a successful brand, embracing change, and overcoming adversity.

    We also deep dive into some of the aspects of running the company on a manufacturing and sourcing, and how many apparel brands are innovating in the space.

    You can check out the episode below. I hope everyone enjoys it!

    Google Play Music // iTunes // YouTube // website // Spotify

    The episode is also available on most platforms including Overcast, etc.

    submitted by /u/Teshercohen
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    How To Make Friends with The Rich and Famous - Networking Tips! (A good video on how to build your inner circle and how to approach higher status level people)

    Posted: 26 Nov 2019 07:10 PM PST
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