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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

money

While it might sound counterintuitive, it turns out that young single people — as compared to individuals with dependent children — are less well off financially. According to an article depressingly titled “Young Single People Bear the Brunt of Generation Y’s Economic Woes,” which was featured as a part of a larger spread in The Guardian, 25 to 29 year-old millennials “have become poorer over the last 20 years compared with the average population.”

 

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Whether you are talking to peers, competitors or investors, you as an active entrepreneur will be judged on your familiarity with today’s startup and funding jargon. I’m not recommending that you saturate your discussions with lingo, but responding with a blank stare once-too-often won’t convince anyone that you can build the next world-changing business or outpace the market.

 

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If your small business is to grow and prosper, you need to hire the right people and then manage them in a way that gets the best from them. Even if you are not a natural leader, managing people is a skill that you can learn and improve with practice and with the right advice.

Here are a few golden principles for people management in a small business.

Image: http://ventureburn.com 

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offer

"Go West, young man," is easily one of the most captivating and timeless American mottos — an invitation to all entrepreneurs to take a chance. Got a good idea? Come bet it all, you dreamers and schemers, make your fortune in the rapidly-developing western regions of the country.

It's an idea that's just as relevant now as it was in the 1850s, with a key difference — the West these days is a whole lot wilder, and the fortunes quite a bit bigger. Silicon Valley is a place of tremendous opportunity and risk.

 

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1. "If you can dream it, you can do it." - Walt Disney

2. "Whatever you can do or dream you can, begin it. Boldness has genius, and magic and power in it. Begin it now." - Goethe

3. "The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it." - Michelangelo

4. "It's not enough to be busy, so are the ants. The question is, what are we busy about?" - Henry David Thoreau

 

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reporters

Anytime a reporter calls on you for your expert opinion, it’s a fantastic opportunity to get some free publicity for yourself or your business. However, being a great interview subject is a skill, and knowing the proper way to be interviewed can make the difference between seizing your time in the limelight or ending up on the cutting room floor. Below are some tips for getting the most screen time as possible.

 

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chess

Today’s newspaper industry reflects the way online and digital strategies are undermining traditional business models. Many newspapers are now being undercut by entirely disintermediated online news channels ensuring world news is now readily available through any number of portals, including those created by traditional newspaper companies.

 

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digital data

"Innovation distinguishes between a leader and a follower." – Steve Jobs

More than ever, digital innovation is required to distinguish your company from a growing number of competitors. From startups like Uber and Airbnb to old-line companies like John Hancock and The New York Times, digital innovators successfully bring new ideas to market, transforming their customer experience, products and services, and business models.

 

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date

There are a lot of blogs and articles out there about being an entrepreneur, but what if you’re just thinking about dating an entrepreneur?

If you’re like most people, you probably have a “normal” job with set hours, a boss, colleagues, and relatively speaking you can leave your work at the office (or wherever you do business.)

 

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success

You probably know from some of the most famous business people in history that entrepreneurs are go-getters. No one progresses in business by sitting back and waiting for an opportunity to find them. Successful people go out into the world and invoke change through their actions throughout their lifetimes.

 

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growth startup

Data from the law firm Cooley LLP indicates that valuations of early stage companies came down from the stratosphere in the fourth quarter of last year, declining from $19 million to $16 million. That’s good news for investors. Valuations had reached such heights that investors were pulling back, unable to generate sufficient returns to justify the risk of making early stage investments.

 

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business casual

Lots of companies have dress codes that state employees should dress in business casual. But what exactly does business casual mean nowadays? The definition of business casual has changed quite a bit in recent years, at least in some workplaces. Where employees once had casual Fridays that just consisted of skipping the tie, some professionals now make a habit of going to work in denim jeans, cotton hoodies and knit tossle caps.

 

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If you think you have what it takes to be a top entrepreneur, there are a few ways to know for sure. There is a long list of attributes of successful entrepreneurs, but my list is fairly short, simple, and focused on the most important qualities. What’s more, everyone has these qualities, just some in higher amounts than others. It is important to evaluate personally if you have what it takes to be a top entrepreneur. Have an honest conversation with yourself. Take note of these three characteristics to discover what it takes to run a great business and why:

Image: http://smallbiztrends.com 

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CANBERRA – In an effort to reduce Australia’s reliance on mineral resources, the national government hopes to spur the growth of innovative business by offering lucrative tax breaks to angel investors.

In a press conference on March 15th the Prime Minister of Australia Malcolm Turnbull announced that within a matter day the government will introduce new tax incentives of up to AUD 200 000 to investors into innovative startups.

Image: http://www.taxationinfonews.com

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brain

Dealing with change can be incredibly unsettling, especially in the workplace. But understanding the neuroscience behind our behavior—how and why our brains work the way they do—offers insight into just what's happening in those moments of uncertainty and how best to handle them.

"If we want to be performing at our best, our brains need certain things," says Hilary Scarlett, U.K.-based author of the new book Neuroscience for Organizational Change.

 

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Why Clothing Startups Are Returning To American Factories Fast Company Business Innovation

At the swanky Prudential Center in the heart of Boston's shopping district, the Yogasmoga boutique stands out for its sparse, minimalist aesthetic. At the entrance, there is a large white orchid on a table surrounded by neatly folded tank tops and yoga pants known for their high-tech fabrics. Soothing, Eastern-inspired music is piped in, giving the space a peaceful ambiance.

Yogasmoga's om-inducing clothes are made 60 miles south of Boston in the gritty town of Fall River, Massachusetts, where I recently met with Yogasmoga's founder and CEO Rishi Bali to visit the factory.

Image: http://www.fastcompany.com

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Florence Swanson has lived through every American car from the Ford Model T to the Tesla Model S. Now, at 94, she has stepped into what Google hopes will be the automotive future: self-driving vehicles. After her painting of a guitar player won a Google contest, she became the oldest person yet to ride in a model with the company’s autonomous technology.

Image: Florence Swanson, 94-years-old, and a Google self-driving car. Source: Google

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