(Source: http://www.businessinsider.com) Volvo plans to roll out its first self-driving car in just four years, and the company claims it’s going to be way more advanced than what other automakers will have to offer. “The thing that is unique is that we are really trying to deploy the technology in reality. And when I say […]
Written by Millionaire’s Digest Staff Member: Dustin Meyer
-Contributor, Motivational/Inspirational Speaker, CEO & Founder of Evolutionary Mind
Photo Credits: Shutterstock
3 Keys to Determine Your Success (5 min read)
There comes a time in your life where you are extremely driven, you know exactly what you want and what you have to do in order to get to that goal. Dreams and goals go together perfectly; you will have something that you always dreamed of, and a goal which you want to reach. Both are attainable, if you want it bad enough. Success comes with much more than just hard work and dedication; it takes an utter desire to succeed in which you want that more than anything else.
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(Source: http://www.businessinsider.sg) Insiders tell us that big-data startup Domo, which burst into the public eye about a year ago with a $2 billion valuation, isn’t all that it appears to be. Domo has been called an “insta-unicorn” meaning that by the time the tech world was paying attention, investors had already poured so much money into […]
Written by Millionaire’s Digest Staff Member: Anthony Cosimini -Contributor, Aspiring Author, Freelance Writer, Motivational Speaker, Founder & Owner of Mistersherbetlemon Why Follow Your Dreams? A Quick Background Story: Ambitions form in people at a very young age. They often say a lot about what kind of person they may someday become. A good deal of these ambitions […]
A neuroscientist’s solution for VR’s next frontier Virtual reality (VR) is the next big thing. I honestly believe it will change everything the way smartphones have changed everything. What excites me the most about VR is that it lets us consume digital content without it being trapped on a screen. This means that in the (very near) future, […]
Federal regulators have opened a probe into Chinese e-commerce biggie Alibaba’s accounting practices. 255 more words
Tim Maverick, Senior Correspondent As The Wall Street Journal recently pointed out, both the S&P 500 Index and the Dow Industrial Average have not hit a new high in over a year. In fact, the stock market averages are little changed from the levels of late 2014 – not a shock, considering U.S. companies have […]
Find out what SpaceX employees love to eat the most. Working at SpaceX may seem like rocket science but the company has some basics covered. It’s sometimes as basic as food. While many young students, undergraduates and post-graduates would love to be interning or working in SpaceX, it pays to know what the […]
Lol. Too good not to share.
I remember those days…
While I mopped up the trail of poop that ended in an explosion of sprayed excrement in the bathroom of an Annie Sez, I seriously reconsidered my future career options.
The main who moves a mountain begins by carrying away small stones ~ Confucius (Image: andthenwesaved.com)
(Source: http://www.businessinsider.sg) SpaceX is planning to launch its fifth rocket of the year this Thursday at 5:40 p.m. ET. The Falcon 9 rocket will be launching out of Cape Canaveral, Florida, carrying a communications satellite called that weighs nearly 7,000 lbs. As of Tuesday afternoon, weather conditions look good for the launch. Once up, the satellite, which […]
Tooth decay is the most common chronic childhood disease. It’s five times more common than asthma and four times more common than early childhood obesity, according to the American Academy of Pediatric Dentistry. A team of three innovators is on a mission to reverse that trend with an innovative gaming toothbrush called Grush. Equipped with…
Continuing with 7 Takeaways from Mike Maples on the Black Box of VC at the end of the slide deck the author introduces the 6/10 Law as a growth framework to evaluate the scale necessary to build a legendary company. Generally, the idea is that the IPO sweet spot is between years six and 10 such that a startup needs to reach a scale in that timeframe to achieve escape velocity. Here’s the 6/10 Law process:
- Select 3 Analogous Companies (high, medium, low success) with similar business models
- All 3 should have gone public
- Thought Experiment:– Can we grow at those rates?– How much money did they need to raise and when?– When were they IPO-ready?– What did their businesses look like? Revenue, growth, margins, G&A, R&D, etc.
The next time you’re looking for a leadership team exercise, or a personal thought experiment, go through this process and analyze…
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An experimental solar cell created by MIT researchers could massively increase the amount of power generated by a given area of panels, while simultaneously reducing the amount of waste heat. Even better, it sounds super cool when scientists talk about it: “with our own unoptimized geometry, we in fact could break the Shockley-Queisser limit.” Read…
1. Radical transparency.
Want to really blow people away? Give them your secrets! The idea of radical transparency is to give all the secrets away that all the big names don’t want others to know. Besides, readers only want to come back if your content is worth their time.
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(Source: http://www.straitstimes.com) Almost a third of the private equity deals in South-east Asia last year were in the Internet sector, a new report has found. Research from management consultancy Bain & Company showed that investments in Internet-related firms grew rapidly last year, accounting for about 30 per cent of deals done in the region. The […]
nytimes.com – Bernie Sanders is widely credited with pulling Hillary Clinton and the Democratic Party to the left on major issues like health care, trade, financial regulation and the minimum wage. Now he says he will battle all the way to the convention on behalf of “people who are prepared to fight for real economic and social change.” But the premise animating that battle — that Mr. Sanders’s surprising success in the primary race is because of his liberal policy positions — may be familiar and comforting, but it is greatly exaggerated.
Christopher H. Achen
Submitted by Michael Krieger of LibertyBlitzkrieg Here’s How the U.S. Government Treats Whistleblowers What is it about whistleblowers that the powers that be can’t stand? When I blew the whistle on the CIA’s illegal torture program, I was derided in many quarters as a traitor. My detractors in the government attacked me for violating […]
(Source: http://www.businessinsider.com) There’s a lot of noise about what’s happening the private startup market. It’s easy to just say X and Y are happening and read the headlines. Today, I got an email from Industry Ventures (IV), which acts as an LP into various VC funds and invests in “special situations.” They’re not known to […]
Gas prices during the busy Memorial Day weekend will likely be the lowest since 2005, according to the latest projections from the American Automobile Association. A gallon of gas now averages $2.28 compared with $2.71 at the same time last year. Still, current prices are the highest they’ve been so far this year after increasing…
MPW Insiders is an online community where the biggest names in business and beyond answer timely career and leadership questions. Today’s answer for: How do you encourage creative thinking within your organization? is written by Beth Monaghan, CEO of InkHouse. When’s the last time you had a great idea while you were staring at your…
IBM recently announced that Watson, its cognitive computing system, will undergo cybersecurity training at eight universities during a year-long research project starting this fall. IBM states that students and faculty will participate in research to train Watson in “learning the nuances of security research findings and discovering patterns and evidence of hidden cyber attacks […]
One day a year, Google gathers all sides of the industry to show off everything the company has been cooking up for the past twelve months. From all new Android to automated automobiles, it’s the day they unveil everything they’ve worked so hard (with varying degrees of success) to keep secret. Tomorrow is that day…
By Marianne Hudson, Angel Capital Association Executive Director The Angel Capital Association has appreciated the work of leading academics on assessing the impact of angel investors on promising entrepreneurs. A recent blog by Laurent Blasie in the March Digest of the National Bureau of Economic Research does a particularly good job of summarizing the study: Firms […]
Author Joel D. Hirst on witnessing the slow suicide of a country: “Venezuela is slowly, and very publicly, dying; an act that has spanned more than fifteen years.”
SocialRank is a startup that helps brands, agencies and celebrities understand their social media followers — not just in aggregate, like most social analytics services, but on an individual level. Today it introduced more features as part of a new SocialRank Premium plan. As a refresher: SocialRank helps customers find things like their “most valuable” followers…
The Leadership Insiders network is an online community where the most thoughtful and influential people in business contribute answers to timely questions about careers and leadership. Today’s answer to the question: How do you keep your team motivated? is written by Ray Carvey, executive vice president of corporate learning and international at Harvard Business Publishing.…
MPW Insiders is an online community where the biggest names in business and beyond answer timely career and leadership questions. Today’s answer for: What is the most common mistake new hires make? is based on an interview with Raquel Oden, a managing director and market executive for the New York 5th Avenue office at Merrill…
6 Go to the ant, you sluggard! Consider her ways and be wise, 7 Which, having no captain, Overseer or ruler, 8 Provides her supplies in the summer, And gathers her food in the harvest. 9 How long will you slumber, O sluggard? When will you rise from your sleep? 10 A little sleep, a little slumber, A little folding of the hands to sleep— 11 So shall your poverty come on you like a prowler, And your need like an armed man. Proverbs 6:6-11 (NKJV) Indolence1: Habitual laziness; sloth. Definition of Indolence by The Free Dictionary↩
There has been a fair amount of confusion over AT&T’s strategy to extend its network both to outer space (with the purchase of DirecTV) and south of the border (with the acquisition of two Mexican wireless services) last year. Neither play was as simple as adding more paying customers, although that didn’t hurt. Instead, the…
As the election looms closer and we find more and more political posts all over Facebook, Twitter and even in our inbox, users are engaging more and more with click-bait articles as they try to determine who they’ll ultimately cast their vote for. While your employee’s political affiliations and votes may not matter to your organization, what they click on during a social media session does. Hackers love to use hot topics and trends to target your users with malware and attempt to infiltrate your network. Here are a few things you should know about the threat landscape with regard to click bait malware and the election and steps you can take to avoid infections:
Understand how things have changed since the last election.
As you probably know, elections only happen every 4 years. Consider the last election and how technology has evolved since. Malware engineers are getting smarter and…
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Many entrepreneurs believe that buying an existing successful business with trained employees, having an established customer base and existing “cash flow” is better than starting a new business. Buying the perfect business starts with choosing the right type of business. The best place to begin is by looking at an industry with which you’re quite familiar and which you understand well. Think long and deep about the types of businesses in which you are interested and it should match your skills and experience. Consider the size of business you are looking for, in terms of its employees, number of locations, franchises and sales.
Getting the services of a business broker is one of the best ways to find businesses for sale. You can save your precious time, can get best deals, and negotiations. Many business brokers are hired by sellers to find potential buyers and to help negotiate deals. While many…
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When Rwanda’s socioeconomic turnaround is discussed, the country’s disciplined approach to economic growth and commitment to avoiding the pitfalls of corruption are usually highlighted. However, while these components certainly played a significant role, another key factor in Rwanda’s transformation is often overlooked. Read More
The Entrepreneur Insiders network is an online community where the most thoughtful and influential people in America’s startup scene contribute answers to timely questions about entrepreneurship and careers. Today’s answer to the question “What are some tips for maintaining a successful startup?” is written by Andy Lark, CMO of Xero. Startups are funny things. No…
Accion Systems, the company developing miniature space propulsion systems, has raised $7.5 million in Series A funding led by Shasta Ventures. RRE Ventures, Founder Collective, and Slow Ventures also participated in the round. The company had previously raised $2 million from seed funding and $6.5 million from partnerships with the Department of Defense. While perhaps…
Recently I was talking to an extremely successful entrepreneur about the early days of his software company. After asking a few questions he said, “It took us 15 years to achieve our original five year plan.” Wow, that quote really stuck with me. How many entrepreneurs make a long-term plan and actually achieve it? How many entrepreneurs have the staying power to go 15 years?
Here are a few thoughts on the idea of 15 years to achieve a five year plan:
- Build a plan (start with an example simplified one page strategic plan)
- Know that most plans are wildly optimistic (which is normal)
- Seek out mentors or advisors that will provide feedback on the plan
- Settle in for the long haul (yes, it’s more marathon than sprint)
- Focus on making progress every day (see Radical Focus or The 4 Disciplines of Execution)
Entrepreneurs would do well to build a…
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Jim Chanos, the hedge fund manager who was one of the first to detect problems at Enron, says the accounting at Alibaba Group is as problematic as the now-defunct, corrupt energy company. Chanos specializes in short selling, or betting that certain stocks will go down. Chanos says that Alibaba baba , like Enron, uses off-balance-sheet…
1. Commit yourself to your dream.
Having the desire for something to work vs. committing to it are vastly different. When you commit to your dream, you are making a binding obligation to see it through to success. It means you are “all in,” you find solutions when faced with obstacles and you don’t quit, no matter what. Make that pledge to yourself, and then tell the people in your life.
2. Set daily goals.
Take small, measurable action steps each day toward your business, understanding there will be times when it seems like you are making no progress at all. Much of the work, in the beginning, will be tedious day-to-day tasks. Realize it is all part of building your business. By taking steps each day, which includes doing the mundane, you will start seeing results. The more progress you make, the more confidence and determination you have to keep moving forward.
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