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Bankrate.com: Mortgage Matters Blog Headlines
- Mortgage mods for profit
Mortgage rates have held fairly steady since the middle of last week. - A successful MHA refi
A note, sent yesterday, from a reader named Matthew. - Wrong-headed regulators
I have an article up today -- "Want to refinance? Know the details" -- in which I describe the Home Affordable Refinance program as confusing. - Rate trends and firecrackers
A reader named Cindy asks: "Are mortgage rates predicted to go down next week? What things should I be considering before going ahead?" - Foreclosures? Let 'em rent
In response to my blog post from last week, "Theodicy and mortgages," Michael Hilmen writes about artificially high home prices.
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Barron's This Week Magazine
- 10 Best Places for Second Homes
Prices of luxury real estate are finally starting to rise, as bargain hunters swoop in. Some of the best deals are in second homes with pricesoff as much as 40%. See slideshow. - Where the Best Natural-Resource Plays Are Buried
A Q&A WITH MacKENZIE DAVIS AND KEN SETTLES: The outlook for commodities. - Happy Anniversary, Investors!
U.S. stocks are poised for a strong 2010, even after a spectacular run. - BCE's Hat Trick
Canada's BCE looks most appealing among North American telecoms. - Big Gun Gets Back in the Hunt
Famed investor Lew Sanders has a new startup -- and plenty of fresh ideas. - Hitching a Ride on C.H. Robinson
Rising global trade will help C.H. Robinson get its growth back. - Russian Telecom Dials Up the Growth
Russia's leading cellphone provider could ring up big gains. - Indian Outsourcing: Labor's Cheap, Shares Aren't
Wait for a pullback to buy shares of Indian IT outsourcers. - Discouraged or Disinclined?
Is joblessness 9.7% or 16.8%? - The IRS Comes First
A temptation to resist. - The Woeful State of the States
Our sorry states. - Wall Street's New Race Toward Danger
Scott S. Powell and Rui GongThe latest threat to stocks. - An Upbeat Market Shrugs Off Jobs Data
Indexes touch 2010 highs, as traders focus on manufacturing rise. - California's Big, Fat High-Yield Debt
California, Greece: see protests, hustle bonds. - Standard Chartered's Earnings Stay Solid
Standard Chartered tallies record profits. - One Firm's List of Takeover Targets
Exane BNP Paribas checks recent M&A against its target list. - Fears Fuel Corn Rally
Snowpack could bury crops and spark a rally. Then, wait for floods. - Controverting Complacency
Steven M. Sears"Complacency" measure misses the mark. - Strange Bedfellows
Alan AbelsonPolitics and sports don't mix -- and neither do politics and financial reform. February job numbers: just a snow job? - Apathy Runs Wild; Washington Post Scooped
Michael Santoli and Bill AlpertHope vs. malaise. - Finra, First Heal Thyself
Jim McTagueFunding Finra's failures. - A Month of Valentines
Payout picture brightens. - Bid for Novell Could Jump-Start Tech M&A
A Novell bid breaks the ice. - And the iPhone Goes to...
Don't hang up on Qualcomm. - Where to Get Your Perspective
Wikinvest's unique approach. - Slow Learners
Quicken for Mac. - A Family Tradition
Aziz Hamzaogullari, Senior Portfolio Manager, of Evergreen Large Company Growth Fund discusses private-equity principles. - Broker-Dealers May Get Fiduciary Halo
Money-market reform. - 4 Biotech Takeout Targets
These small drug makers are good investment bets, whether they get acquired or not. - Wells Fargo Exec's $4.9 Million Sale
David M. Carroll sold 168,000 shares of the bank. - Stocks in the Spotlight Wednesday
J. Crew and Boston Beer fell. InterMune and Kinetic Concepts rose. - Small-Cap Stocks Are Running Into Resistance
Michael KahnSmaller stocks have led the way in recent weeks. But the charts suggest that the sector's rally is quickly losing steam. - Wal-Mart Move May Squeeze Supermarkets
Credit Suisse says the retailing behemoth will revive 'Action Alley.' - MGM Mirage Comes More in Focus
Sterne Agee raised estimates and the target price on the lodging firm. - American Eagle May Catch Tailwinds
The teen-apparel retailer's stronger-than-expected quarterly results bode well for the stock. - Why Palm Is Not a Likely Buyout Candidate
Morgan Joseph says larger tech firms don't need the handset maker. - CIT Could Sell Its Student-Loan Portfolio
Boenning & Scattergood initiated coverage of the lender at Outperform.
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Barron's Up and Down Wall Street Daily
- Happy Anniversary for Finance, Not Small Business
Randall W. ForsythThe Fed's liquidity has boosted securities prices but not money and credit needed by small businesses, the source of jobs growth. - The Silver Lining to the Debt Crisis
Randall W. ForsythCould a Japanese debt crisis help spur a rally? Perhaps, if it fuels the yen carry trade. - Market Forecast: Confusing
Randall W. ForsythEven the pros admit they don't know where stocks are headed. Could Big Brother be dissuading some from giving opinions? - The Case for Bonds
Randall W. ForsythDespite a spate of bad press recently, bonds aren't as risky as their critics make them out to be. - The Enemy Is Us
Randall W. ForsythThere were credit crises long before there were credit default swaps. - After Lost Decade, It's Still Tough to Find Returns
Randall W. ForsythLow yields, rich valuations point to continued paltry returns from stocks and bonds. - No Gain, Continued Pain for Housing
Randall W. ForsythHomebuilders' stocks price in a return to normalcy next year; wait 'til 2014. - Congress May Strike Out at Big Ben
Randall W. ForsythThe Fed chief faces lots of questions about potential rate hikes while bank loans plunge and confidence flags. - Get Shorty: A Loser's Answer
Randall W. ForsythTargeting short-sellers attempts to shift the blame from the true culprits. - Lack of Details Hint at EU Rift on Greece
Randall W. ForsythDespite declaration of unity, Germans may not be on board with a bailout for the beleaguered debtor. - The Debt Contretemps Everybody's Ignoring
Randall W. ForsythAs markets focus on little Greece, U.S.-China tensions escalate.
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Barron's Inside Scoop
- Wells Fargo Exec's $4.9 Million Sale
David M. Carroll sold 168,000 shares of the bank. - Brigham Exploration CEO's $4.8 Million Sale
Ben Brigham sold 275,000 shares of the energy firm. - TRW Secondary Offer Grosses $24.3 Million
Four executives sold almost a million shares in the auto-parts maker. - Schering-Plough CEO's Big Time Warner Buy
Fred Hassan bought 34,000 shares of the media giant for $1 million. - Coca-Cola Director's $8.1 Million Buy
Herbert A. Allen's firm bought 152,000 shares of the beverage giant. - OpenTable Insiders Sell $16 Million in Stock
Eight, including the CFO, sold shares in the online-reservation firm. - Cullen/Frost Director's $2.7 Million Buy
Carlos Alvarez bought 50,000 shares of the Texas-based regional bank. - Cypress Semi CEO's $9.1 Million Sale
Thurman J. Rodgers sold 766,000 shares of the chip firm. - J. Crew CEO Sells $4 Million in Apple Stock
Millard S. Drexler, an Apple director, sold 20,000 shares of the iPod maker. Video: Some Big Insider Selling - First Solar Exec Chair's $142 Million Sale
Michael Ahearn sold $1.3 million shares of the solar-energy firm. - Key Energy CEO's $3 Million Sale
Richard Alario sold 278,000 shares of the energy-services firm. - CB Richard Ellis Sees $129 Million Sale
Blum Capital sold 10 million shares of the commercial real-estate firm. - 3M Execs Sell $3.2 Million in Stock
Three insiders exercised options and sold nearly 40,000 in shares. - Incoming Caterpillar CEO's $1 Million Sale
Douglas Oberhelman, who will become CEO in July, sold 19,800 shares.
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Barron's Weekday Trader
- 4 Biotech Takeout Targets
These small drug makers are good investment bets, whether they get acquired or not. - La-Z-Boy Shares Are Not Sitting Around
The furniture maker's high-flying stock still has room to run. - ADP Could Pay Off for Investors
Shares of the nation's leading payroll-processing company have gotten cheap. Video: ADP Could Go Hire - Baxter International Has Room to Run
Despite jitters regarding slowing sales growth in its biggest business, the medical-products maker may be just what the doctor ordered. - The Implosion Continues at RealNetworks
Shares of this former Internet-technology darling could fall further. - A Bright Future for Clorox Shares
For a reasonable price, investors can buy a well-diversified consumer-products stock with a fat dividend. - The Diagnosis for WebMD Shares
It's a good company, but the online health-advice empire looks pricey after almost doubling in the last year. Video: Can WebMD Stay Healthy? - P. F. Chang's Is Losing Its Flavor
The high-flying shares of the Chinese-food restaurant chain should fall along with earnings growth. - Saying Yes to Nukes With Cameco
The stock's fortunes should rise along with uranium prices and the likelihood for additional nuclear power plants here and abroad. - Abbott Labs Deserves More Respect
The Street continues to underestimate this drug company's potential earnings growth. - Fortune Brands' Stock Lands in a Sand Trap
The company that makes everything from Jim Beam bourbon to Titleist golf equipment is weighted down by its weaker businesses. - Stocks to Be Thankful for
Sixteen stocks in the S&P 500 are actually up this year. What can we learn from their success?
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BusinessWeek -- Most Popular Stories
- Stock Picks: Apple, Intel, Aetna, H&R Block
- The FCC National Broadband Plan: Long Haul Expected
- Herpes Infects One in Six in U.S.
- Web-Connected TV: A Distant Dream for App Makers
- Larry Ellison's Other Sporting Passion: Tennis
- India's Next Outsourcing Wave
- Caring for Pets Left Behind by the Rapture
- Revisiting the Face of 'Necessity Entrepreneurship'
- Business Schools Revamp the Application
- Ten Recruiting Practices to Nuke
- McDonald's: Winning a Hard-Times, Fast Food Fight
- The Best B-Schools vs. the Recession
- Lessons of a $618,616 Death
- Sure You Want to Move Up the Ladder?
- Stock Picks: Chevron, NYSE Euronext, J. Crew, Analogic
- H1N1 Flu Spreads Slower Than Seasonal Flu: Study
- LOL @ Work
- How We Ranked the Schools
- The Ambitions of Prudential's Tidjane Thiam
- Gaga for Google Broadband
- Apple, Amazon, Google Wage Content Wars
- Women Still Missing from Top Jobs
- Slashing the Deficit without Massive Tax Hikes
- Recession Takes Its Emotional Toll on Cities
- When IT Security Advice Goes Overboard
- Experts Talk Budget Deficit, Wholesale Trade, Housing
- Software Industry Loses Patience with China
- The Toyota Witch Hunt
- Housing: Hope on the Horizon
- Why a VAT Tax Is Where It's At
- Debt: How Vancouver Heals an Olympic Hangover
- Stock Picks: Disney, Hewlett-Packard, PNC, Brocade
- Global Architectural Highlights, 2010
- Which is America's Best Affordable Suburb?
- The World's Most Innovative Companies
- Bloom Energy Shifts Power via Fuel Cells
- The Best Undergrad B-Schools
- Chat Transcript: Undergraduate Ranking
- Can Sex and Saucy Ads Sell Chryslers?
- AstraZeneca Chief Talks Pharma Challenges
- Design Indaba: South Africa's 'Creative World Cup'
- How Colleges Are Buying Respect
- The Other Ron Burkle
- Not a Consultant, an Interim Executive
- European Monetary Fund to Launch by June
- Microsoft Showcases Assistive Technology for Seniors
- Personalized Medicine Could Shake Up Pharma
- Kindle vs. Nook
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Financial news of the day - CNNMoney.com
- Carlos Slim tops Bill Gates as world's richest man
Forbes magazine released its annual list of the world's richest people Wednesday, and for only the second time since 1995, Microsoft founder Bill Gates' name was not at the top. - Firing the $70 billion man
On November 19, 2009 Jeffrey Gundlach was named a finalist for Morningstar's award for bond fund manager of the decade. For Gundlach, the nomination recognized 10 years of stellar results, exceeding even the returns of the legendary king of bonds, Bill Gross. - Welcome to the United States of Iceland
It's time to start paying attention to the financial sinkhole that Iceland is trying to climb out of -- the view from inside of it is eerily similar to our own. - Royal Dutch Shell halts gasoline sales to Iran
Royal Dutch Shell has stopped selling gasoline to Iran, the company confirmed Wednesday, adding to a list of oil giants that have stopped sales after a threat of future U.S. sanctions. - Stocks post modest gains
Stocks rose Wednesday, with the Nasdaq ending at its highest level in more than 18 months, on strength in the financial services sector and an upbeat report on wholesale inventories. - Citi, AIG, Fannie and Freddie: The Not Fab 4
Investors had a funny way of commemorating the first anniversary of the market's bottom on Tuesday. They rewarded some of the stocks responsible for most of the problems in the first place. - Jobless claims bill OK'd by Senate
The Senate on Wednesday approved a wide-ranging bill that would push back the deadline to file for extended unemployment insurance until year-end and extends dozens of expired tax breaks. - Forget Toyota. Chrysler's got the most problems.
The car company that is off to the worst start of 2010 isn't Toyota. It's Chrysler Group. - Twitter users not so social after all
Twitter may be a fast-growing social network, but most of its 50 million accounts merely follow other users rather than posting their own messages. - Record monthly deficit for U.S.: $221 billion
The United States dropped a record $220.9 billion further into the red in February, the Treasury Department reported Wednesday. - 43% have less than $10k for retirement
The percentage of American workers with virtually no retirement savings grew for the third straight year, according to a survey released Tuesday. - Ford shares: Buy or sell?
Ford is back. The automaker recently reported its first annual profit in four years; sales are improving; and investors have pushed up its stock 550% in the past year. - Employers still skittish on hiring
Most employers are still cautious when it comes to hiring, planning neither to add nor cut jobs from their payrolls this spring, according to a staffing firm survey released Tuesday. - Can't make your mortgage? Get an emergency loan
The jobless may not be getting much help from President Obama's loan modification program, but those in Pennsylvania have another place to turn. - Cult soda maker Jones agrees to sharply discounted takeover
Jones Soda, the struggling maker of cult-favorite soft drinks, has agreed to be acquired by rival Reed's at a deep discount in a deal worth just shy of $10 million, the companies said Tuesday. - Budget squeeze sours jobs picture
Another big employer is hanging out the "Not Hiring" sign. - 3 ways to save money this spring
1. Book a sweet getaway - U.S. minted more millionaires in 2009
America's millionaires are on the rise again, according to a report issued Tuesday, after their ranks thinned out during the 2008 market meltdown.
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Latest stock market news from Wall Street - CNNMoney.com
- Citi, AIG, Fannie and Freddie: The Not Fab 4
Investors had a funny way of commemorating the first anniversary of the market's bottom on Tuesday. They rewarded some of the stocks responsible for most of the problems in the first place. - Stocks post modest gains
Stocks posted modest gains Wednesday, with the Nasdaq ending at its highest level in more than 18 months, as investors weighed falling oil prices against strength in the financial services sector and an upbeat report on wholesale inventories. - Airline stocks take off
Airline stocks rallied Wednesday, riding a wave of investor sentiment that 2010 is shaping into a profitable year for the industry, experts say. - Treasurys dip as $21B auction sees big demand
Treasurys traded lower Wednesday as stocks advanced slightly and a government auction of $21 billion in 10-year notes generated strong demand. - Dollar seesaws
The dollar was mixed against major currencies Wednesday, rising against the yen and pound but giving up gains versus the euro. - Oil rises after inventory report
Oil prices rose Wednesday as the government's weekly inventory report showed a smaller than expected increase in oil supplies and a dip in gasoline inventory. - The Dow's best performer is ...
The hottest blue chip stock this year isn't what you think. It's not a big bank on the mend, a gadget maker with a hot new product, or a retailer with soaring sales. - Oil falls as the dollar firms
Oil prices fell Tuesday as a stronger dollar overshadowed a modest advance on Wall Street. - Treasurys inch up amid strong demand for 3-year notes
Treasurys inched slightly higher Tuesday, in the midst of the government's $40 billion auction of 3-year notes -- the first of several multibillion-dollar note and bond offerings in the coming days. - Dollar mixed in quiet trading
The dollar recovered losses versus the euro and rose against the pound, but fell versus the yen in quiet trading Tuesday. - No 'Lost Decade' for these techs
The technology sector is arguably the healthiest in the economy right now. But here's a sobering thought: Most major tech stocks are probably never going to get back to the levels they were at a decade ago. - Nasdaq at 18-month highs
Stocks ended little changed Monday, although the Nasdaq managed to close at an 18-month high, as investors weighed corporate deals, a stronger dollar and weaker commodity prices ahead of key economic news due later this week. - Treasurys retreat in wake of supply wave
Treasurys continued in a downward trend Monday as investors anticipate a major boost in supply this week. The government will launch multibillion-dollar auctions of Treasurys starting Tuesday. - Dollar slides versus euro
The dollar weakened against the euro Monday after French President Nicolas Sarkozy said Europe is ready to help Greece if needed, boosting investor optimism about the nation's debt crisis. - Oil edges higher on upbeat sentiment
Oil prices rose Monday amid ongoing optimism about an economic recovery following last week's jobs report. - Ford shares: Buy or sell?
Ford is back. The automaker recently reported its first annual profit in four years; sales are improving; and investors have pushed up its stock 550% in the past year. - Citigroup shares: No longer toxic?
Yes, Citigroup lost billions in the financial crisis. And yes, it's still swimming in toxic assets. But Bruce Berkowitz argues the worst is over. - Bulls are back. Send in the bears?
The S&P 500 and Nasdaq are up for the year after a rough stretch from mid-January to early February. The Dow had joined them earlier Wednesday before pulling back. - The price you pay for frothy assets
As the 10th anniversary of the bursting of the tech bubble is upon us, you've probably read a slew of stories about what an awful decade this has been for stocks. - Can Vanguard Wellington keep running?
Vanguard Wellington is a throwback. Before mutual funds became specialized, so-called balanced funds like this -- which invests in both stocks and bonds -- were core holdings you could feel comfortable putting most of your money into.
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Forbes.com: Most popular stories
- The World's Billionaires
Carlos Slim Helu takes the No. 1 spot on Forbes' annual list of the world's richest as a record 164 billionaires return to the ranking amid the global economic recovery. - Technology's Richest Billionaires
Bill Gates loses top spot, but stock surge lifts fortunes of youngest and once-young technology moguls. - The Richest People In America
America's richest get poorer for the fifth time in 27 years. - Bill Gates No Longer World's Richest Man
Carlos Slim Helu takes No. 1 spot on Forbes World's Billionaires list as a record 164 10-figure titans return to the ranking amid the global economic recovery. - What You Need To Know About Fish Oil
Americans spend billions on foods and supplements containing omega-3 fatty acids. Not all of it is money well spent. - The Celebrity 100
Forbes' annual tally of the most powerful celebrities in the world. - Krugman Got It Wrong
Republicans aren't off base about unemployment, health care or the estate tax. - Big Changes Ahead For Wireless
Continued economic pressure and competition will lead to consolidation and slow 4G rollout. - Best Things To Buy In The Winter
Save money on these items, many of which will be heavily discounted in the coming months. - Billionaire-Owned Stocks To Avoid
These high-fliers may have risen too far.
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Forbes.com: Guru Insights
- Channeling Buffett And Bruce Berkowitz
Free cash flow yield leads smart value investors to large rewards. Here's how to be like Warren and Bruce. - Winn-Dixie: The Beef People At A Bargain
Three years out of bankruptcy, the supermarket with a Southern accent isn't exactly shooting the lights out, but the stock is too cheap. - Blue Chips For The Dip
The overall market weakness provides a good entry point into these household names. - Time To Bid On EBay
The stock is a double since last spring but it still looks cheap. Jump aboard. - Simple Value, Splendid Returns
You'd have doubled your money in the past decade sticking with stocks looks relatively cheap on just three simple value criteria. - Good Value In Growth Stocks
You don't need to take too much of a leap of faith to find the value in these fast-growing companies. - Bearish Bets For Cisco And Juniper
Networking stocks as a group are stalling. Here's how to make money as they drop. - Boston Beer Still A Great Buy
The stock has been a screamer since March, but the fundamentals suggest that the pint glass is only half-full for Samuel Adams. - John LeMoncheck: Unwiring Home Entertainment
You may not have heard about SiBEAM, but you'll like what it can do for your TV. - Playing The Pep In Pop And Booze Brands
Quench your thirst for profits by exploiting the strength in Coke, PepsiCo and Constellation Brands. - Five Cheapies In Effect For January
Stocks that were losers late in the year are good candidates for a January bounce. Check out these five.
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Forbes.com: Investing Ideas
- March 9, 2009: The Day Stocks Bottomed Out
A look back at what was happening at the bottom of the bear market. - Moving Into Public Storage, Not Bidding On Sotheby's
The self-storage REIT is looking good to buy, but if you didn't already have Sotheby's, you might want to wait for weakness. - U.S. Investors Looking Abroad Should Look To Canada
Northern Exposure offers diversification plus stability. - Canada Stands Tall
For global portfolio exposure forget exotic countries and invest in Canada. - Investors Gain Comfort, Knowledge From Retirement Advice
Savings, income and health care costs top list of concerns. - Leveraging Industrial Recovery
It's becoming increasingly clear that this rebound is the real thing. Here's how I'm playing it. - Thomson Reuters Stumbles On Murky Outlook
Shares of the financial information provider lose ground after a disappointing forecast. - Paying Public Pensions To Sue
How do class action lawyers land public pension funds as clients? Broadway shows, cushy conferences and tailgate parties. - Why Bargain Trades Are No Bargain
Deeply discounted commissions encourage customers to trade more. Should they? - Quality Stocks Get Their Turn
The sketchiest stocks were the biggest winners coming out of the bear market. Look for mature leaders at this stage. - Nation's $2.3 Trillion In Public Pensions Run By Dummies
How-to book illustrates sad state of public money management.
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Forbes.com: Market News
- Riding A Calmer Bull
Aim for slow and steady gains in year two of this bull market. - Psych Solutions Pops On Buyout Chatter
Shares of psychiatric health care provider soar on a rumored offer from Bain Capital. - Speedway Suffers Setback
Shares of the racetrack operator slide lower on disappointing earnings and a glum forecast. - Abbott Tucks In Facet Biotech
Company says it will shell out $450 million in cash for maker of cancer therapies. - AIG's Progress Squeezes Shorts
Rounding up more than $50 billion in asset sales set off a chain reaction in the insurer's shares. - Still Cloudy For Solar Power
MEMC's plummeting profits signal more pain for solar manufacturers. - American Eagle Soars On Wings Of Profit
Retailer rallies after shaking off recession to book 81% earnings growth in fourth quarter. - Global Payment Collects An Upgrade
Susquehanna boosts rating on maker of currency validation systems. - Ups And Downs For Retailers
J. Crew reports profit, American Eagle shuts down division and Children's Place books another rocky quarter. - Psych Solutions Jumps On Buyout Chatter
Shares of psychiatric health care provider soar on rumored offer from Bain Capital.
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Forbes.com: Newsletters News
- Mexican Land And Canadian Gold
A successful amateur investor shares his strategies for capitalizing on the commodity bull market. - Shiny Gold Alloy
Goldcorp's buyout of Glamis signals that the gold bull has room to run. Look for more consolidation. - Oil Services Slump
Lingering optimism in the face of technical weakness is a big bearish omen for oil services stocks. - End Of The Bubble Bailouts
After stocks boomed and went bust, it's real estate's turn. But is there a new mania to save consumers? - Five Funds For The Next Leg Up
Stocks rebounded nicely in mid-July. If the rally continues, you might want to jump into one of these funds.
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Business news and Fortune 500 - FORTUNE Magazine
- iPad changes everything
Will Apple's tablet usher in a new era of computing, or simply dominate it? - Welcome to the United States of Iceland
It's time to start paying attention to the financial sinkhole that Iceland is trying to climb out of -- the view from inside of it is eerily similar to our own. - Can the Toyota Way survive Toyota's ways?
In the 1950s, a Toyota engineer named Taiichi Ohno, just back from visiting the United States, where he was wowed by its supermarkets, began to think about how he could use what he saw as a way to run a factory. He obsessed over the idea of eliminating waste, of avoiding inventory buildup, of empowering workers to follow instructions meticulously and of aiming to continually improve. - The richest man at the Oscars
- Ford shares: Buy or sell?
Ford is back. The automaker recently reported its first annual profit in four years; sales are improving; and investors have pushed up its stock 550% in the past year. - Mr. Distress is ready to buy
Whether it's steel, textiles, or auto manufacturing, Wilbur Ross has built a lucrative career finding gold in industries left for dead. - Fears of a Greek bank run
In the middle of the 2001 debt crisis, Argentines stormed their nation's banks to get their money out. To stop the stampede, the government imposed controls that allowed them to take out only $250 at a time and limited withdrawals for overseas trips to $1,000. - Who does business trust?
Whew, what a year! Last January bankers looked positively sheepish in their new role as federal employees. But by the end of 2009 they had ditched their government bosses and begun swaggering again. During the same period Ford went from the worst loss in its history to the top of U.S. car companies, its stock up more than 300% -- while Toyota began what would become a dramatic fall. - Budget squeeze sours jobs picture
Another big employer is hanging out the "Not Hiring" sign. - Cisco's 'earth-shattering' announcement
The promise: A mind-blowing response to Google's broadband ISP push. What it delivered: More of the same. It's still good for surfers. - 10 best employers with big job growth
Best Companies to Work For like the Scooter Store notched impressive job growth last year and are showing no signs of slowing down. - Who 9 CEOs most admire
Starbucks' Howard Schultz looks up to Ford's chief. Find out who else wins top execs' respect - and why. - Buffett's $50 million blunder
Peddling credit cards isn't so easy that a caveman can do it. - 5 gold-plated exec health plans
If you're looking for universal health care, then try the corner office. - Madoff hunter: He's scum
Harry Markopolos spent nine years fruitlessly trying to convince the Securities & Exchange Commission that Bernard Madoff's investment operation was a scam. - Housing's best barometer: Rents
It may not be the most widespread measure of housing prices, but if you want to follow a powerful driver, look at rents. - How Obama got Keynes wrong
The Obama White House likes to say that the theories of John Maynard Keynes form the foundation for its fiscal policies. Most notably, it draws upon the legendary British economist's idea of spending big to pull out of a recession. - Alan Greenspan fights back
When the Senate grudgingly reconfirmed Ben Bernanke as Fed chairman two days before his term expired, he was only a stand-in for the man 30 senators were really mad at. "I knew that he would continue the legacy of Alan Greenspan, and I was right," said an angry Jim Bunning, a conservative Republican from Kentucky who voted no. Fumed Bernie Sanders of Vermont, the Senate's only (admitted) socialist: "He said it publicly -- I want to follow in the footsteps of Alan Greenspan. Alan Greenspan's philosophy is a disaster." Jeff Merkley (D-Ore.) said Bernanke "helped set the fire that destroyed our economy." Only helped, that is -- and we all know whom he helped. - 10 sages read the future of print
With the Kindle, iPad, and other devices, questions abound about the future of the printed word. - Best employers with fat paychecks
Senior account execs at Salesforce.com take home an average $249,607 annually. Who else offers big money?
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Inc.com
- Google Apps In The Game
The question is whether it will be a game changer?
Google has officially launched its Apps marketplace this week. These are third party applications progammed to integrate with everything else you or your company has sitting on the Google cloud (i.e. Gmail, Google calendar, Docs&Spreadsheets, etc.).
The Good
These apps are built to seamlessly integrate with other Google offerings (like Gmail, for example). Ideally you can do all your work in one universe with one password. How handy!
The Bad
These apps are built to seamlessly integrate with other Google offerings (like Gmail, for example). So, what happens to your business when Google has another one of their day-long or even 3 hour outages?
The Ugly
These apps are built to seamlessly integrate with other Google offerings (like Gmail, for example). As the video below demonstrates, it is as easy as pie to set up an app on your network. Step one: give the third party app maker carte blanche access to all your Google accounts (that's Gmail, the calendar, files, etc.) so that it can do all that promised seamless integration.
((insert the souind of a car screeching to a halt))
The idea is to hand over the keys to your data kingdom to a thirdy party company (two college drop-outs working out of their parent's basement).
What about network security?
What about compliance?
If someone isn't already doing it, how long will it be before all the bottomfeeders who create elaborate phishing schemes and DNS attacks think to create apps just to get access to company information?
- Advertisement:
- Introverts as Entrepreneurs
The stereotype startup guy or gal is a high energy, always schmoozing, hard pitching and hand-shaking go-getter. But since 50 percent of the population are identified by psychological studies as introverts, that stereotype might need some examining.
But most people believe there?s some sort of stigma about being an introvert, according to Nancy Ancowitz, author of Self Promotion for Introverts and blogger for Psychology Today. Ancowitz is a self-proclaimed introvert with a history in both large companies and her own enterprises. Many introverts, she says, ?make great entrepreneurs.? Introvert stereotypes include being more considered, looking inward for approval and guidance, and researching problems looking for perfect answers. These same characteristics can make great business leaders.
What advice can help the introvert succeed in a startup? Ancowitz says ?When selling as an introvert, use your abilities as a good researcher to really know audience, know what matters to them, and figure out a product match before you go in. You?ll be meeting with people, so rest up before social interactions with those you are selling to or speaking in front of. Prepare and practice because as an introvert you will think before you speak - as opposed to extroverts who speak as they think. So having a few lines ready, or thoughts composed in advance will be beneficial. Rest, prepare and practice is the magic formula because of the way introverts are wired.?
That seems to work for Adelaide Lancaster, co-founder of In Good Company Workplaces, a community and workspace for women entrepreneurs in NYC that provides events, consulting, shared desks and meeting rooms. As a graduate student in a psychology program, Lancaster found out she was an introvert. In 2003 she formed a consulting practice helping women in professional transition. It was research and data driven. ?As an introvert it was more comfortable being a resource instead of being in an interpersonal mode all the time. Now I?m in business now with an off-the-charts extrovert. Our focus is on entrepreneurs, and our consulting led into creating the workspace.?
Lancaster gave me a tip for startup introverts. ?While putting your business model in place, feedback is a critical component, but introverts may close themselves off to that - it might not occur to them to ask others for advice. They need opinions and iteration.? Lancaster didn?t talk to lots and lots of people, but she strategically chose 5 people to check in with and get advice from. She also notes ?There's an opportunity cost if you're not connected to other business owners - if you over-emphasize research it can prevent you from finding easy solutions to your problems right, in your business network.? Lancaster uses Twitter and LinkedIn groups to connect with business resources and share tips.
This connects well with Ancowitz?s advice to ?Get known as an expert, and build deep and meaningful relationships. Introverts do well with deep relationships and conversations rather than chit-chat. Be generous in introducing people to each other as well. Then it?s easier for you to ask for introductions from your good contacts.? She also notes ?if you're an introvert there may be activities you'll like more than others, like writing or speaking to one person at a time. There are many ways to market with quiet activities like blogging, using Twitter, writing for newsletters, and doing guest columns that can help you promote yourself.?
Any introverts out there? Share your tips and tricks in the comments below.
(Disclosure: I am quoted in Ancowitz?s book as an expert and an NYU colleague. We both teach at NYU SCPS, but I did not hire her or have a business relationship with her. I report on the book not because of my quotes in it, but because it?s an important guide for those who may have trouble promoting themselves, and that's why I agreed to be interviewed.)
- Google Opens An App Store
Happy Birthday Craigslist. The schlubby classified ad site, which managed to blow up the newspaper business by behaving decidedly unbusinesslike, was founded nearly 15 years ago, according to a blog post from the site's eponymous founder Craig Newmark. He digs up what he calls "the earliest archaeological find" from the site's early days. It's a message directing users of the Well, an early social network, to Newmark's new home page. "My focus, on this page, is on events around San Francisco that involve arts and technology, privacy rights, local writers and artists, and any other item that strikes my fancy," he wrote. "The approach is as minimalist as I could make." PSFK, which flags the post, puts it in perspective, "From that simple start, today the site serves over twenty billion page views per month, putting it in 37th place overall among web sites worldwide and 11th place overall among web sites in the United States."
When is it okay to check your cellphone? If you're having dinner with your spouse and your phone buzzes with a text, do you reach for it? If you reach for it, do you text back? In Farhad Manjoo's house, that would be verboten (at least not without asking permission). In fact, one shouldn't text at all when having a face-to-face conversation, according to Slate's attempt to set the ground rules for cell phone use. On Twitter last week, young technophiles like the New York Times's Nick Bilton argued the opposite. When Bilton's lunching with his boss he leaves his phone alone, but around other tech-savvy people his own age, he texts without compunction. We're hoping the bit about his wife texting him to get his attention during dinner was a joke.
Google begins selling business software. Apple's iPhone App Store has created a billion dollar opportunity for small businesses that develop applications and games for the popular gadget. Now Google is trying to pull off the same trick for business software, which could be great news for business-to-business companies in need of customers. TechCrunch reports on the release of the Google Apps Marketplace, which allows companies to sell web-based business software that integrates with programs like Gmail and Google Docs. The app strategy will undoubtedly improve Google's already impressive (and free) software offering. But it could also be an opportunity for entrepreneurs. "For...small startup developers, it means instant access to more users than they can likely imagine," TechCrunch writes. "It also potentially means something more important: money."
How to handle employee turnover. Entrepreneur turned venture capitalist Mark Suster posted on his blog, Both Sides of the Table, about how the difficulty of moving from one job to the next. On A VC, Fred Wilson responds by breaking down the issue from every side: the employee, the current employer, and the future employer. One recommendation: If a key employee leaves suddenly, it's worth exercising some patience before bringing an outsider onboard. In that scenario, a "battlefield promotion" might be the best option.
Charting the Facebook economy. We've written in the past about the dangers of building your business on someone else's platform. But many companies, undeterred by that risk--and attracted by the prospect of hundreds of millions of potential customers--have built business models that rely heavily on Facebook. The Guardian takes a stab at estimating the size of the Facebook economy, figuring that among a slew of companies such as Playfish, Zynga, and Plancast, the social network's broader economy is easily worth several billion dollars. The article asks "whether [Facebook is] a viable ecosystem, a bubble or a house of cards."
How to simplify your phone system. Can't get an invitation to Google Voice, the free service that transcribes voicemails and rings multiple numbers? (Read more about Google Voice here.) A start-up called Phonebooth.com is attempting to pick up the slack, Mashable reports. The website is now offering Phonebooth OnDemand, which is a full-featured phone service that will set you back $20 a month per user. The no-cost version, which is called Phonebooth Free and is aimed at small businesses, will give you a local number with up to five extensions, call-forwarding to multiple sources, and voicemail with transcription.
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- Self-Powered Cars: The Future?
CNN just published an article on a prototype that is being developed in London that could forever change the way we drive and consume resources. Volvo is working with Imperial College scientists to develop a car that would use composite materials to act as its own battery. Aside from the enormous cost savings for consumers, this would also help to reduce carbon footprints and natural resource consumption.
This is not the first attempt that has been made in this area. In 2008, the Paris Motor Show unveiled ?The Eclectic,? a self-powered electric car that had been designed by French carmaker Venturi.
It does not look like a bastion of safety.
Curt's company has software that helps the accidental project manager.
- Interested in SBA Loan Incentives? Get in Line Now

The clock is ticking if you want to apply for bank loan with a Small Business Administration guarantee.
The incentive program – consisting of a 90 percent government guarantee on the SBA's flagship 7(a) loans for start-ups and small businesses, as well as a trim or total cut of the fees on 7(a) and 504 loans – was set to expire February 28. President Barack Obama signed an extension through March 28 into law last week.
Though Obama has proposed keeping the loan breaks through the end of the year, it's best not to wait another minute to apply – the deal runs out when the funding does. If that's not enough to get you moving, consider that the program has proved so popular that the agency has twice run out of money to supply it, first in November and then – despite Congress's last-minute infusion of cash in December – on February 22. So with the $60 million last week's legislation handed the SBA, the agency today starts working through a waiting list of the 652 loans totalling some $231 million that piled up after February 22. Before the Senate passed the bill, Senator Mary Landrieu, Democrat of Louisiana, spoke of a small-business owner on the waiting list who told the senator she'd have to lay off 27 workers if she did not obtain new financing.
Money for the original program – which helped to lend $22 billion to some 55,000 small businesses – was included in last year's economic stimulus bill. The 90 percent guarantee – up from the usual 75 percent – made the loans less risky for lenders, while also attracting borrowers through lower fees.
SBA Administrator Karen Mills said the program led average weekly loan approvals to leap by 87 percent compared to the weekly average before the passage of last year's American Recovery and Reinvestment Act. The SBA estimates the new funding will support $1.8 billion in small business lending.
Got a non-Recovery Act 7(a) or 504 loan and wondering about cancelling or resubmitting to take advantage of better terms? No can do. Nor can you have the fees waived retroactively.
The extension doesn't affect other SBA Recovery Act programs, including the America's Recovery Capital Loan Program, which offers up to $35,000 in short-term relief to help small businesses ride out the recession. The ARC currently still has money, and will hand it out until it runs out or September 30, whichever comes first.
Landrieu, the chair of the Senate Committee on Small Business and Entrepreneurship, said after last week's bill was passed that the extension “is a good first step to providing our small businesses with the tools they need to keep their doors open and growing.”
“I look forward to working my colleagues in the Senate to ensure these programs receive a longer extension,” she said.
- Mixed Media Godin Book Unleashed
Today, Vook released a multimedia version of Seth Godin's Unleashing the Ideavirus, which was originally published online ten years ago. I've been reading a lot about mixed media books designed for tablets and e-readers, so I thought I'd check out the new take on Godin's book, which Vook is calling Unleashing the SUPER Ideavirus.
The e-book, which costs just 99 cents for an online version or iPhone app, has a uncluttered, crisp design. You can choose to view it as text only, video only, or a mix of both text and video. Each section features text and accompanying videos. For example, the section about the decline of "interruption marketing" includes a video case study about the Little Miss Matched sock company. Some of the terms in the text are linked, so you can click on GeoCities, for example, to read about the company on Wikipedia. Of course, there are pictures and plenty of graphs that help illustrate Godin's ideas. Another cool feature of the vook is the ability to click on the "connect" view to comment on the book on Facebook or Twitter or go to Godin's website and blog.
It might take a while to adjust to toggling back and forth between the videos and text, especially if you're viewing the vook on your iPhone. But the concept makes a lot of sense now that more and more books are being read on tablets and e-readers. In particular, the multimedia approach works well for instructional books such as Godin's. I think I'd rather read my Jane Austen the old fashioned way, though.
- Offline Celebrities Launch Online Start-ups
Hey internet entrepreneurs, celebrities are encroaching on your market. Thanks to flexible technology and an abundance of developers, web start-ups are practically the new must-have accessory for Hollywood types, reports Business Insider. Check out their list of the 10 companies to watch. There are the A-listers like Ashton Kutcher's Katalyst Media and Will Ferrell's FunnyOrDie. But did you know that Ludacris and Will.i.am have social networks? Or that Peter Gabriel came up with a Pandora-killer and Kim Kardashian launched the Netflix of footwear?
Big numbers from Tumblr. We've periodically sung the praises of blogging start-up Tumblr, which boasts slick technology and an entrepreneurial prodigy of a founder. Today, via Mashable, Tumblr announced some serious traffic growth: 1 billion pageviews and 15,000 new users joining everyday. Meanwhile, Mashable reports that Tumblr, which has operated thus far without a business model, "plans to launch a two revenue generating features next month."
Advice for first time CEOs. Bijan Sabet deals with a lot of neophytes but he doesn't mind (via peHUB). "In consumer Internet companies, first time CEOs are the norm - perhaps even encouraged and preferred," says the general partner at Spark Capital. He has two nuggets of advice for greenhorn CEOs: 1) Share bad news with your board and investors early and 2) always be planning for contingencies. "The 'what if' exercise is incredibly valuable and tells me that a CEO is thinking extremely strategically and not afraid to admit that things sometimes do take longer."
Another acquisition for giant vacation rental company. When HomeAway raised an astounding $250 million in a single venture funding round back in 2008, CEO Brian Sharples told Inc.: "There are going to be some great opportunities [for acquisitions] the next couple of years." Now, TechCrunch reports that HomeAway has bought the publisher of AlugueTemporada.com.br, Brazil's best known vacation rental site. This is at least the third acquisition the company has made since its last funding round and the first outside of North America and Europe.
How not to kill your start-up. ReadWriteWeb has put together a list of core principles entrepreneurs should internalize in order to keep their start-ups from biting the big one. One thing the post says to dodge is the tendency to become caught up in the allure of modern technology. "Consider other sources of competitive power than just technological sophistication, such as superior customer experience or service, exclusive distribution partnerships, or other market-based advantages." The most provocative, and perhaps, pertinent piece of advice? "Remember that sometimes start-ups need to be killed, for their own good -- or yours, at least."
Apps for TV have yet to catch on It is estimated that by the end of 2010, Americans will own more than two million Web-connected TVs. And in 2009, Yahoo! announced that Samsung, Sony, LG, and Vizio televisions would come with its Connected TV software, which is open to all developers. However, unlike the Apple App store, which had more than 3,000 programs just two months after its debut and more than 140,000 by 2010, apps for TV haven't taken off. Only 35 full-featured apps are available on the Yahoo! service. BusinessWeek reports one reason apps for TV have yet to take off is that the approval process for television apps is more difficult than for their online counterparts. After Yahoo! approves the App, each individual TV maker must also approve the app. Some TVs cannot run certain types of code, and TV makers are reluctant to take on the risk of being blamed for an app that disappoints.
Selling your business? A lawyer can help. Over at the New York Times' You're the Boss blog, lawyer Harry Styron offers pointers on selling a business and when to get a lawyer involved (hint: not until the decision has been made to sell, ideally not out of necessity). Especially for family run businesses, Styron says, "if the decision to sell is a result of a key family member having died or become ill or if the prospect of selling the business means some family member is going to lose a good job or a good income, the decision to sell was made too late." Now all you need to know is whether your lawyer should specialize in entrepreneurship.
How to cope with changes at the workplace. From budget cuts, to massive layoffs, to new management techniques, there are plenty of reasons why changes at the office can stress out employees. A recent survey conducted by Right Management, a career management consulting firm, shows that 31 percent of employees have trouble adapting to changes in the workplace, Boston.com reports. The Boston.com team has also come up with five tips on how to deal with change in the workplace, which include taking time to get to know a new boss in order to develop a good working relationship, staying on top of the latest skills that employers expect when seeking out job candidates in your field, and having an open flow of communication with your manager if you feel too bogged down by your workload.
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- New Flat-Fee PR Service for Tech Start-Ups

This week, Olmstead Williams Communications, a public relations agency in Los Angeles, launched a new division that charges a flat monthly fee for a full range of PR services.
PRTechConnect is geared toward tech start-ups with limited marketing and PR budgets. The News Release Package, which costs $999 a month, includes services such as the creation and maintenance of a master list of media contacts, customized news release templates with tips for making announcements stand-out, targeted media pitching for 20 news release per year, and basic wire service distribution to Google News, Internet search engines, and RSS feeds. Companies must commit to at least three months; a $1,500 set-up fee will be waived if you commit to six months.
A pricier Industry Expert Package, which costs $1,999 a month, includes extras such as filtered email delivery of journalist queries, custom pitches, and follow ups with reporters. There is a minimum three-month commitment; a $500 set-up fee is waived if you commit to six months. If you decide you need additional services, the firm will bill at regular hourly rates.
- Celebrity Endorsements and Publicity Secrets
Last week I had the honor of interviewing International Media Specialist, Sally Shields. Sally was incredibly generous with her ?insider publicity secrets? to becoming a bestselling author and I have her permission to share them here. This is only a small portion of what Sally shared on the Million $ Mindset shows so if you missed it this week, make sure to download the podcast. Sally?s advice is great for any kind of publicity ? even if you?re not an author!
Q: Sally, what is the #1 secret for authors to gain PR on television, newspapers, on-line publications and magazines?
A: Be timely, and have a great Hook! Here are two examples of how I got booked by being timely: First I was quoted in MomLogic.com, which is an offshoot of AOL Living, with this pitch during the presidential primaries:
Joe Biden's Mother-in-Law Dies How to Make Peace with Your Mother-in-Law, Before it's Too Late!
I also got booked on nationally syndicated, The Daily Buzz with this one: October 26th is Mother-in-Law Day How To Turn Your Mother-in-Law From Your Biggest Critic into Your #1 Fan in 3 Simple Steps!
And, (Marla?s personal favorite) I got booked on Fox & Friends with this tweaked pitch: Barack Obama's Mother-in-Law to Move into White House How to Create a Lifetime of Peace With Your In-Laws!
Q: Many people would benefit from having a celebrity endorse their book. How does one go about doing that?
A: The key is to make it as easy as possible for them to reply. Your request should include the following:
- Cover letter - Copy of your book - Self-addressed-stamped envelope - Sample testimonials that they can use as a template - Table of Contents, chapter titles and a sample chapter
Getting a good endorsement or testimonial can take time, but if you do not hear back from them in two or three weeks send a follow-up letter or email.
To find contact information for many celebrities' representatives, visit www.whorepresents.com or www.contactanycelebrity.com . www.CelebrityBlurbs.com will tell you the key agents or PR people you need to get in touch with to contact any celebrity. It's just $1 for a seven day trial.
Also, do not discount the value of endorsements from your fellow authors! The endorser does not have to be known in order to make a tremendous impact. The fact that they are an author in and of itself carries great weight.
Q: How about Bloggers? Can you give us an example of how you can get others to build a buzz about your book? What?s in it for them, and why would they do this?
A: Bloggers need material all the time. Offer to provide them with a prepared Q&A, or a short article about your topic or area of expertise. Offer your book as a giveaway, either a real book or an eBook version. During holiday time, I got about 40-50 bloggers posting my book on their site. How do you find these bloggers? Simple - pick a keyword that applies to your topic. For example, I googled, "Wedding Blogs" and got a list of over 50 million blogs. GASP! Of course, you might want to stick with the top ones with the highest traffic count. You can check a blog's popularity by going to Alexa.com and checking its ratings.
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- Why Women Secretly Enjoy Business Travel

George Clooney's character in Up in the Air didn't want his days on the road to end, and despite complaining about the hassles of business travel, most women secretly feel the same way. (And not because they might meet Clooney.)
Nearly three-quarters of female business travellers said they enjoyed having someone else clean up after them, in a Hilton Garden Inn telephone survey of 1,020 travellers; just 58 percent of men responded the same way. Sixty-two percent of women said they also appreciated having someone else make breakfast for them, and just over half said a perk of travel was having the bed to themselves.
The women may enjoy the travel more because they do it less: Men average 10 trips a year while women went on three trips on average. One in three Americans travelled for business at least once in the past year, and Monday is the most frequent night business travelers spent away from home.
On the road, men were more likely to miss a home-cooked meal (36 percent of men compared to 16 percent of women), while women were more likely to miss their own beds (43 percent versus 29 percent).
It's doubtful Clooney's co-star Vera Farmiga walked away with the Hilton bathrobe she wears in one scene, but more than two-thirds of travellers admitted to helping themselves to a lot more than an extra piece of fruit from the breakfast buffet. Among the not-exactly-complimentary items swiped: 8 percent admitted to tucking towels or bathrobes in their suitcases, 3 percent took pillows, comforters, blankets or sheets, and 2 percent took the iron, alarm clock, lamps, or artwork. One percent of travellers owned up to breaking one of the 10 commandments to walk off with -- wait for it -- the Bible.
The survey also culled advice from experienced business travellers for first-timers on the road.
The top tip: Nearly three-quarters of respondents suggested travelling the day before a morning meeting instead of trying to get up at the crack of dawn (or in the middle of the night).
Sixty-one percent suggested confirming the hotel has Wi-Fi/Internet access, and more than half (53 percent) advised setting two alarms the day of an important meeting. About half recommended making sure the hotel has a meeting space, and 35 percent said to stay at hotels that offer rewards points.
What -- if anything -- do you like the best about business travel? What tips would you offer first-timers? (And have you ever swiped a "souvenir" from a hotel stay?)
- Amazon Dumps Colorado Affliates
Mr. Cause meet Mr. Effect. Last week, the governor of Colorado signed a new law levying sales taxes on online retailers.
Amazon has officially balked. Effective today this week it pulled the plug on all its Colorado-based affiliates or associates. This isn't the first time it's happened. Amazon made the same decision in the wake of similar legislation in North Carolina. It's currently battling the State of New York and only continuing its affilliate program there while the case is under appeal.
As many as 15 other states are considering similar new taxes.
Amazon says it doesn't want the "compliance burden".
- 4 New Speakers for Your Computer

Thanks to iTunes, Web radio, and sites like Pandora, more computers are doing double duty as stereos. Can these speakers do your music justice?
Bell chimes and cymbal crashes on a U2 song were loud and clear on these speakers, which have 112 watts of combined power for lots of volume. Touch-sensitive volume buttons were easy to adjust, and the casing, made from the same material as bulletproof glass, makes a bold statement. COST: $1,000
Our second choice, these speakers had less-distinct bass than the Harman Kardons, even with a separate subwoofer, but they reached a higher volume, thanks to 88 extra watts of power. On the downside, the dial on the volume controller was hard to turn. COST: $199
These speakers sync with your computer wirelessly using a USB dongle, though they connect with wires to a subwoofer that plugs into an outlet. The speakers have a peak power of 200 watts, but the sound was a bit fuzzy, perhaps because of wireless interference. COST: $199
These small speakers, which are just 2 inches tall, produce surprisingly distinct sound and feature handy touch-sensitive volume controls. But with a combined peak power of just 10 watts, they have the least oomph of the test group, and they look a bit flimsy. COST: $130
- Starting Up While an Employee
The "real" story on Facebook's founding. On Friday, Silicon Alley Insider published the results of its two-year investigation into the controversial founding of Facebook. Among the new details to emerge is this purported IM from Mark Zuckerberg to a friend right before Facebook's launch, in which Zuckerberg suggests that he is intentionally delaying the launch of a similar site, HarvardConnections, which he had previously agreed to work on. "I feel like the right thing to do is finish the facebook and wait until the last day before I'm supposed to have their thing ready and then be like 'look yours isn't as good as this so if you want to join mine you can?otherwise I can help you with yours later.'"
How to start a company when you still have a job. Over at a Smart Bear, Jason Cohen tackles the subject of bootstrapping a start-up using your salary. He recommends picking a slow growth business--you can afford this because you already have a salary--that doesn't require you to answer emails or phone calls during normal business hours. "Remember, your immediate goal isn't to make millions of dollars, it's to build a business just solid enough to quit your day job," he writes. You also have to make sure you don't get sued by your employer. To avoid this, Cohen suggests being upfront about what you're doing and getting a signed letter from a company representative that gives you the go-ahead to work on your business on your own time. "When it comes to company property, be paranoid," he writes. "Assume everything you do on the Internet is recorded, cataloged, tagged, and monitored continuously by a methamphetamine-powered slave-army." (Via Hacker News.)
How to get a better night's sleep. Having trouble keeping your eyes open? Couldn't wind down after all that Oscar excitement last night? You're not alone. Seventy-five percent of Americans report having problems sleeping a few nights a week, which can lead to missed workdays, errors on the job, and even diminished job satisfaction. Web Worker Daily has some tips for better sleep in honor of National Sleep Awareness Week and we . 1. Go to sleep at the same time every night. 2. Keep your room in total darkness. 3. Don't drink tea, coffee, or soda late in the day. 4. Avoid sugary foods later in the evening, and opt for snacks with tryptophan in them instead, like bananas, sunflower seeds, or low-fat yogurt. Lastly, experiment with a little white noise.
A plea to abandon ad blocking. As more businesses grow increasingly dependent on a solid Web presence for survival, tech-related news site Ars Technica writes that there's one menace threatening to snatch away the crutch: ad blocking. After observing over a period of time that a substantial amount of users were using software to block the site's advertisements, founder Ken Fisher decided to explain to readers exactly how and why ad blocking can hurt your favorite websites. "If you have an ad blocker running, and you load 10 pages on the site, you consume resources from us -- bandwidth being only one of them -- but provide us with no revenue," the post says. Fisher, who goes on to compare ad blocking to "running a restaurant where 40 percent of the people who came and ate didn't pay," also detailed a 12-hour experiment to make content disappear for visitors using a specific ad blocking program, which was met with mixed results. While it was a technical success, Fisher says he found out that most ad blockers were not doing so with ill intent, which raises an important question for business owners and developers alike: Is it ethical to block content for users who block your ads?
Apple nixes "cookie cutter" apps. In its latest crackdown on the appsphere, Apple is reaching out to companies that build apps from a single template, writes TechCrunch. Apple isn't opposed to these app generators categorically, but just wants to weed out apps that are little more than RSS feeds. Still reaching out to companies individually and suggesting that they add more features seems like unproductive micromanagement to us. See these 15 CEOs on their ways to be more productive and check out the best iPhone apps for business.
Pandora's potential IPO. In the past we've written about Pandora's near-death experience, and how it was saved by it's loyal user base. Now the Internet radio start-up that got 347 no's before it landed it's second round of funding is being wooed by a slew of investors, writes The New York Times. The company's success in the mobile sphere has piqued VC interest and though it says it is focusing on growth rather than going public, it hired a new CFO Steve Cakebread who held the same position at Salesforce.com when it went public.
Wi-Fi phones for China. China Unicom, one of three Chinese state-owned telecommunications carriers, is working with Apple to introduce iPhones with Wi-Fi capability to China, the Wall Street Journal reports. Up to now, government regulations have forced the companies to disable Wi-Fi capability in the iPhone, which makes the phone less attractive than fully functional iPhones that are resold in China from other markets.
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- Online Retail: Getting the Right Product in Front of Your Customers
After surviving the bust at the end of the '90s, online retail has done quite well in the first decade of the new millennium. From being just 0.6 percent of all retail in early 2000,online commerce has now grown to account for nearly 4 percent of all retail in the United States. In this article, we review some technology trends that are likely to further accelerate this trend. Our focus will be around looking at technologies that help consumers find the right product easily as well as help retailers put the right merchandise in front of customers.
While most of these technologies trends apply to a wide spectrum of applications, their impact on online commerce deserves a special mention. Many of these technologies have been around for a while, but it's only now that they are gaining wide adoption.
Semantic Web and structured data
The semantic Web and structured data will make product search dramatically better. Last year, Google made two subtle announcements that have the potential of completely transforming how users search for products. The first affected Google's organic (or unpaid) results, when the company launched what it called rich snippets, using microformats and Resource Description Frameworka (RDFa) standards. Google was late to the game, as Yahoo had already announced similar support a year ago. The second change applied to Adwords, Google's paid search program, when the search engine started listing richer product listing ads from retail advertisers, displaying an image of the product, the price, and many other attributes. These ads will be priced on a "cost per action" basis, as opposed to the standard "cost per click" model that's offered for all other Adwords advertisers.
It is interesting that Google's rich snippets were first rolled out only for 2 applications, one of which is closely related to online commerce:
• Providing a summary of reviews, when searching for products or services.• Distinguishing between people with similar names, when searching for a person. Similarly, Google's CPA program was also rolled out only for product searches.
Search-engines are already a very important tool for online shoppers, and a Nielsen study had found that more than one third of shoppers use search engines. Richer snippets and richer ads will make search engines even more important to shoppers, and consequently to retailers. According to Yahoo, "enhanced search results" drive 15 percent more clickthroughs for many websites. With results like that, it's no wonder that adoption is picking up among websites. In the same blog post, Yahoo reported an increase of more than 400% in the RDFs structured data driven by Search Monkey. Best Buy recently released their entire product catalog in RDFa, perhaps becoming the first Fortune-500 company to join this trend, and has reportedly seen strong results.
Recommendations and personalization engines
Recommendations and personalization engines are now available as plug and play components. Outside of search, one of the most important ways for shoppers to discover products has been through recommendation engines. Personalization and recommendation engines have been around for a while and have been a strong driver of sales. For example, Amazon's recommendation system was said to account for up to 35 percent of sales in 2006. Recently, the adoption of recommendation engines has increased substantially because of the emergence of third party services that are easy to plug into your ecommerce store. For instance Urban Outfitters has seen a triple digit percentage increase in sale by using a solution offered by Baynote. Other companies like Mybuys and Certona also deliver hosted solutions for personalization.
Creating application programming interfaces (APIs)
Creating APIs that distribute products across the Web is easier. Over the last few years, the Web is increasingly becoming a collection of Web services that can be accessed through APIs. Retailers like Ebay and Amazon have for a long time used APIs to expose their data to the external world, primarily to affiliates and partners who then sell these products at other places on the Web. Now many traditional retailers are jumping into the fray, utilizing services that make it easier to create and manage APIs. For instance, Best Buy recently launched Best Buy Remix powered by API management infrastructure from Mashery.
In addition to these, in one of my previous columns I had written about how the real time Web is becoming an increasingly important tool, and how companies like Dell are using it to increase their online retail sales.
The increasing adoption of these technologies sets up online commerce for an exciting new decade, for shoppers as well as for retailers.
Vijay Chittoor is a co-founder of Six Times Seven. He was previously director of product management at Kosmix. A former McKinsey consultant, Chittoor is a graduate of Harvard Business School and the Indian Institute of Technology, Bombay. He shares his thoughts on technology at his blog.
- Inc. 5000 Applicant of the Week: Twenty20

As applications for the 2010 Inc. 500 | 5000 arrive, we thought it would be worthwhile to shine a spotlight on some of the companies that are vying to appear on our ranking of the fastest-growing private companies in the U.S. (For more information and to apply, go to http://www.inc.com/inc5000apply/2010/.) One that caught our eye was Seattle-based Twenty20.The front tire of the motorcycle tilts at an impossible angle on the ice as it pulls through a turn and toward an opponent who is blowing a stream of snow powder behind him. You watch in horror as the man ahead suddenly swerves to the ice and out of the video frame, only to appear smiling and waving from a stretcher in the next shot. This is just one of many moments in Motorcycle Ice Racing that was made recordable by co-founders Marc Barros and Jason Green's wearable camcorder business, Twenty20. The company makes two versions of a tube-shaped, high-definition camcorder called the ContourHD that can be attached to helmets, goggles, handle bars, or cars to capture adventure sports from the perspective of the participants. "There's been everything from paintballing to cooking," Barros says. "Anything where you have your hands on the wheel, on the pole, or on the gun, and you want to record video."
Almost 50,000 cameras were sold in more than 50 countries last year, and more than 25,000 videos have been uploaded to the Twenty20 site. But Barros and Green didn't imagine they would have such success when they began Twenty20 as students at the University of Washington. At the time, they simply liked to ski and wanted to show their friends what they were doing. They won their start-up capital in a business plan competition. "We got third place, and the prize was 20 grand, so it was either a keg party or a company, and we decided company," Barros says. From there, they cold-called a designer who they eventually convinced to create a hands-free camera. The original version could be worn on a helmet, but needed to be attached with a wire to a video recorder in a backpack. Sales weren't exactly taking off, the pair was working from a garage with no heat, and Barros's mother asked him when he was going to get a real job.Things turned around when Twenty20 launched the first wireless wearable camcorder in January 2008, which made it possible for adventurers to film hands-free with the flip of one button and to easily share their video on the company's website. In 2009, the company released two HD versions of the product and received a tremendous response that facilitated the growth of the company to 25 employees. Revenue tripled within a single year, and the days of working in a cold garage and living off of PBJ seemed further away than ever."The company took off like a rocket ship," Barros says.
- Windows 7 Tips n' Tricks for Business
So you've purchased Windows 7, Microsoft's latest and greatest operating system, and found it to be fast, stable and full of features to support your small to mid-sized business.
Critics agree the Redmond, Wash. software giant have their mojo back, after delivering the much-maligned Windows Vista a few years back.
To get even more out of the leaner and meaner Windows 7 for your growing business, here we provide a handful of productivity-enhancing tips and tricks -- with some help from the experts.
One-click access
Windows 7 lets you "pin" large icons to the taskbar for a one-click launch of your favorite applications or files. To do this, simply right mouse-click on a file or program icon and one of your options will be to "Pin to Taskbar." Run your mouse over these taskbar icons and you'll see a live preview of what's inside as a thumbnail image -- and even multiple websites open as "tabs" in your browser.
"A lot of people rave about this feature as it's a fast and easy way to manage and access documents and other files you need," says Microsoft's Sandrine Skinner, a director within the Windows 7 small business group. "I know a manager of a personal staffing company, for example, and she uses pinning to prepare the desktop for temp workers."
It's a snap
You've got a widescreen laptop or computer monitor, so why aren't you taking advantage of this added real estate?
Windows 7 makes it easy to do just that by letting you view multiple files or applications at the same time. Called "Snap," simply open a couple of programs -- such as Microsoft Office and Internet Explorer 8 -- and then hold down the Windows key (beside Alt) before using the right or left arrow keys to snap them beside each other. You can also drag and drop content from one to the other (such as a website photo into Paint or highlighted text into Word).
Lock it up
Your employees likely carry around a laptop, netbook, or USB thumbdrive with company data on it, but what happens if the computer or drive is lost or stolen? The Enterprise and Ultimate versions of Windows 7 include "BitLocker" protection that can encrypt files or folders -- preventing anyone from accessing them unless they know the password. Simply right-click on a drive letter (such as F:) in Windows Explorer to enable BitLocker protection.
"This reduces the risk in case the device goes missing, and makes up for the fact that employees, consciously or not, don't always put data security at the top of their to do list," says Carmi Levy, an independent technology analyst based in London, Ontario. "With the BitLocker To Go feature activated, however, nothing gets copied unless the target device is encrypted."
Kick it old school
It's not secret Windows Vista was plagued with software and hardware compatibility issues, therefore Microsoft made this one of the top priorities in Windows 7 -- including an optional "Windows XP mode" for those businesses who need it.
"We've heard companies tell us 'this software here is my bread and butter and if it's not compatible with Windows 7 I won't upgrade," explains Skinner. "We listened."
To serve and protect
No computer should ever be powered on unless it has at least some protection against malware -- such as viruses, spyware, rootkits and the like -- especially for computers used for business.
"While full-blown security suites from market leaders like McAfee and Symantec do a better job, the free Microsoft Security Essentials tools, along with Windows Defender and Windows Firewall, are more than adequate, and should be activated no matter what other solutions you have in place," advises Levy.
Get outta my way
If things get too cluttered because of multiple programs open at the same time -- such as a Web browser, word document, calculator, e-mail, and sticky notes -- simply grab hold of the program you want to see clearly, by clicking and holding on the top bar of the window, and give your mouse a shake left and right. This will automatically minimize everything else. Do it again and it brings back all the apps that were minimized.
- U.S. Entrepreneurship Education Lags
The state of entrepreneurship education and training in U.S. schools has declined sharply, with a 2008 survey of experts rating it barely half as good as it was in 2005. The findings are part of the Global Entrepreneurship Monitor (GEM) Special Report: A Global Perspective on Entrepreneurship Education and Training, released today at Babson College, the project's lead sponsor and co-founder. GEM teams conduct surveys in 31 countries, polling a sample of people who are considered experts in some 10 areas including financial support for entrepreneurs, bureaucracy, and taxes, and, of course, education itself. The experts rate conditions such as whether the education system "encourages creativity, self-sufficiency and personal initiative," and whether it provides "adequate instruction in market economic principles." Although training has received low ratings every year since the surveys began in 2000, the ratings in most countries have been consistent even though the pool of experts has changed – with the U.S. and Spain being the exception. "Clearly, this issue is of concern to experts," write the report's five authors, including Babson professor Donna Kelley. Ratings of non-school entrepreneurship education – such as self-study or Internet courses – also have declined in the U.S., although nowhere near as sharply as that of the formal programs. The report also showed that instruction for innovators worldwide is inadequate, especially in primary and secondary schools – which also happens to be where most of the formal training occurs, and where it has greater impact. A 2009 World Economic Forum report found that the earlier people are exposed to entrepreneurship, the more likely they'll become entrepreneurs in some format during their lives. "Training at a young age cultivates an entrepreneurial spirit early on, but college-level training is important too, because it validates entrepreneurship as a potential career path," says Kelley. "Besides skill-building, training increases an individual's awareness of entrepreneurship and their intent to start a business, and improves perceptions about their ability to do so." (According to the report, college dropouts Bill Gates and Steve Jobs may make for "interesting news stories" but they don't represent the typical entrepreneur, "particularly for businesses with knowledge-based products and services.") One problem with beefing up entrepreneurial education: University doctorate programs aren't producing enough faculty to meet demand – and the faculty available may be too narrowly specialized. "The development of effective programs for entrepreneurship likely requires more than adding new courses," concludes the report. Educators and policy makers may need to move beyond on-site university programs and consider Internet-based learning or creative computer applications, the latter of which "may attract and hold the interest of some people, influencing their attitudes toward – and their understanding of – entrepreneurship." Other study findings: Across 38 countries (not including the U.S.), Finland and Chile – both countries with government policies designed to spur entrepreneurship – had the highest levels of training. Men were more likely than women to pursue training, and the young were more likely to have been trained in start-up techniques, thanks to their being included in many countries' educational systems in recent years.
- Rework: A Live Chat With 37signals Founder Jason Fried

- Read My Lips Technology
Don't expect this as an iPhone app anytime soon. But...
Imagine this; a mobile phone that reads your lips.
The prototype of such technology called "electromyography" (in English that translates to "silent communication") was on display at CeBit in Germany last week. Cebit is Europe's biggest electronics tradeshow.
Electromyography is already in use by NASA (remember; they were the early adopters of Tang, too!).
Electromyography is able to read the most subtle facial movements and twitches to interpret what is being said, so that you don't even have to say it out loud.
The hope is that this would cut down on obnoxious people who overshare their phone calls in a loud voice in public. Having someone mouthe their conversations silently in public may be less obnoxious. But, I think it would be pretty disturbing and lead to a lot of unnecessary stroke scares.
- The Intel Hacking
According to Intel's annual report, the company was the victim of a hackin back in January of this year. TechNewsWorld reports that the company does not believe any intellectual property was stolen as a result, and they seem to be making little fuss.
Nevertheless when these hackings do occur, it reminds us all of the potential damage that can be done to corporations or even the government. We continually hear that the United States is extremely vulnerable to cyberattacks, something that has led the House of Representatives to pass the Cybersecurity Amendment.
Curt works for Journyx, which has solutions for project management and execution.
- 15 Ways to Be More Productive

"Meetings are a waste of time unless you are closing a deal. There are so many ways to communicate in real time or asynchronously that any meeting you actually sit for should have a duration and set outcome before you agree to go." Mark Cuban owns the Dallas Mavericks and is the CEO of HDNet. He has been launching, buying and selling companies for a quarter of a century.
"Interaction should be constant, not crammed into meetings once a week. You just turn around in your chair and bounce an idea off one of the other 10 people in your office. Keep the floor plan open so people can talk to each other. As the company gets bigger, keep dividing it into smaller and smaller groups. Follow Jeff Bezos’s two-pizza rule: Project teams should be small enough to feed with two pizzas. At Hunch, we don't have meetings unless absolutely necessary. When I used to have meetings, though, this is how I would do it: There would be an agenda distributed before the meeting. Everybody would stand. At the beginning of the meeting, everyone would drink 16 ounces of water. We would discuss everything on the agenda, make all the decisions that needed to be made, and the meeting would be over when the first person had to go to the bathroom." Caterina Fake is the co-founder of the photo-sharing site Flickr. Her new start-up is Hunch, a website in New York City that takes user input to make recommendations on thousands of subjects.
"Communication is key. I call the CEO or chairperson of every one of my major clients every day. I like the directness of phone conversations; you don’t miss things the way you do with e-mail. I also carry my cell phone around the building, and my employees do as well. We have a rule: I answer their calls and they answer my calls. Also, cut down on sleep. Why would you sleep when it’s time to live? Sleeping isn’t living. You sleep when you die. I get up at 3:30 every morning and I’m at the gym by 4. Then I ride 25 miles on my bike before breakfast. Being in shape is what gives me energy." Jordan Zimmerman is the founder of Zimmerman Advertising, which has 22 offices and billings in excess of $2.6 billion.
"My executive assistant, Haley Carroll, e-mails me a daily memo, which I read after I go home every night. It's in four parts, and the first part is my next day's schedule. Then comes a list of questions that cropped up during the day -- maybe someone wants to know whether I have feedback on the new Hudson Yards Catering logo. She aggregates them so she doesn't have to interrupt me repeatedly during office hours. I'll respond to those right away. The third part of the e-mail is FYIs: information I don't have to act on but might like to know. Maybe my mother called to make a reservation for her neighbor next week at Blue Smoke. Or there might be a change in my schedule. Finally, there is a section of longer-term reminders. I promised to write a blurb for a friend's book. I want to plan a vacation, so I need to check on my kids' school schedules. We started the memos only last year, and I don't know how we managed without them. I care about the details. This way, I don't worry that I'm missing anything." Danny Meyer is the CEO of Union Square Hospitality Group, which owns 13 New York city restaurants, including Gramercy Tavern and Eleven Madison Park.
"I used to think business was 50 percent having the right people. Now I think it’s 80 percent. The best way to be productive is to have a great team. So I spend more time than most CEOs on human resources. I carry a little notebook with the names of 35 or 40 people in the company, and every week I look at it to make sure I’m in touch with everyone. The top eight or 10 people I’m going to see automatically. But there are always 20 or 30 people who are up-and-comers or one or two levels down, and I wan them to know I’m paying attention. Once a quarter, I go through my list of contacts—a couple of thousand of them—to see if there’s anyone I should be reaching out to about a job. Intensive as all of this is, I ultimately save time, because I can delegate with confidence." Kevin P. Ryan’s encore to DoubleClick—the ad-serving behemoth he sold for $1.1 billion to private equity firm Hellman&Friedman in 2005—is AlleyCorp, a variety pack of Internet start-ups he founded in New York City.
"Zipcar challenged us to think about how we could use a car on an hourly basis instead of a daily basis. I’d like to challenge business people to think about what they would do if they could have talent on demand. Hiring contractors is more cost-efficient than hiring people full-time and less time-consuming than doing it yourself because you can hire an expert for whatever task you need to accomplish." Julie Ruvolo is co-founder and COO of Solvate, a New York City-based provider of offsite office assistants.
"Make the next day’s “to do” list before you leave the office. Rate each item A, B, or C based on its importance, and work on A items first. The productiveness of any meeting depends on the advance thought given the agenda, and you should never leave a meeting without writing a follow-up list with each item assigned to one person. And go outside. All the big ideas are on the outside. You’ll never have a creative idea at your desk." Barbara Corcoran made her mark building one of New York’s largest real estate companies. Today, she is a panelist on the ABC program Shark Tank and runs a much smaller firm that works with the start-ups she chooses to invest in on that show.
"When scheduling travel and social activities, I like to communicate plans through e-mail to both family and colleagues to keep an easy record of correspondence rather than relying on a possibly hurried conversation." Karl Hoagland is the founder of Larkspur Hotels and Restaurants, in Larkspur, California. It recorded $20 million in sales in 2009.
"A lot of productivity is capturing ideas. I use a wiki—it’s more valuable than e-mail for running a company—and I have a page for every person with whom I interact frequently." Garrett Camp is the founder of StumbleUpon, a Web service in San Francisco that helps users find relevant content based on others’ recommendations.
"I get almost as much done outside normal office hours as during them. I’ll interview people on Saturdays, late at night, early in the morning. If I’m trying to solve a particularly difficult problem, I’ll come in on the weekend, when there’s less going on, and spend a day focusing on it. I read technology manuals and watch video tutorials late at night. During start-up, I think you have the choice of being productive or having a social life, and I’ve choosen being productive." Seth Priebatsch (center) is CEO of SCVNGR, a Boston-based start-up that helps organizations engage people through location-based smartphone games.
"If I think something is going to take me an hour, I give myself 40 minutes. By shrinking your mental deadlines, you work faster and with greater focus. I also schedule time every week on my calendar for quiet, concentrated PowerTime where I only work on my most important activities. A “Stop Doing” list is as important as a “To Do” list. A “To Do” list is easy, you just keep adding to it and the more you have on it, the more important you may feel. But “Stop Doing” is more difficult because you have to give up some things." Krissi Barr is the founder of Barr Corporate Success, a business consulting firm in Cincinnati. She is also the author of Plugged – How To Dig Out and Get The Right Things Done.
"With the exception of one or two days a year, I work out every single day. Fitting a workout into the work day reduces stress, keeps you healthy, and is great for getting “alone time” to work out business and personal problems. When someone asks for a non work-related meeting, see if they are up for doing the meeting while running or biking together. Work out at lunchtime and then eat at your desk." Mike Cassidy is the CEO of travel and tour site Ruba. He has also been the co-founder and CEO of Xfire (a company that helps gamers play online with their friends), Direct Hit (an internet search engine), and Sylus Innovation (which produced a computer telephony software).
"For me, a big part of productivity is being agile. I like to leave a lot of blocks in my day open. On an average day, I'm only 50 percent scheduled, though occasionally it gets as high as 80 percent. That's imperative, because often something comes up out of nowhere. Recently, for example, an important new partner came to the office and unexpectedly brought the CEO. The team came to me and said, "Oh, my God; their CEO came. Do you have a window this afternoon?" I had a window. And at the end of the hour the CEO and I spent together, we'd identified new markets and positioned the company to be a global as well as domestic partner. If I have a free block and nothing presents itself, I catch up on industry reports, self-education, and big-picture thinking. In a packed schedule, those things can get neglected. They shouldn't be." Scott Lang is CEO of Silver Spring Networks, a developer of smart energy grids, based in Redwood City, California.
"Don't multitask. Multitasking is something we all do these days. The problem is our brains just aren’t cut out for it. When you multitask, you’re interfering with your brain’s ability to perform at max-capacity. Yes, you can walk and chew gum at the same time. You can fold laundry while talking to a friend on the phone. Clowns can ride a unicycle while juggling brightly colored balls. These are role tasks that don’t demand a lot of brain power. But in most cases, multitasking=lesstasking. When you make those shifts from one context to another, you risk dropping things from your short-term memory. Do one thing at a time, minimize context shifts, maximize brain power!" Douglas Merrill is the author of “Getting Organized in the Google Era” and former CIO of Google.
"The most difficult aspect of being a CEO is you driving your day, and not letting the day drive you. By looking through tasks each morning and resolving to allocate the time to concentrate on the CEO priorities, the actions only the CEO can take to move the company forward, you can keep your eye on moving the company forward. At the end of the day, I always checked whether I had taken action on my top three priorities. If the answer was "no," I stayed in the office until I made progress on them." Bob Compton is the CEO of Vontoo, a voice broadcasting technology company, and the Chairman of ExactTarget, an on-demand e-mail marketing and one-to-one digital communication platform.
- Would You Suspend an Employee Over a Status Update?
If you're thinking hateful thoughts about your colleagues or clients, don't post them on your Facebook news feed – no matter how secure you think your privacy settings are.
Gloria Gadsden, an associate professor of sociology at Pennsylvania's East Stroudsburg University, has been put on indefinite paid leave for what she thought was a funny Facebook update about hiring a hit man. "Does anyone know where I can find a very discrete hitman? Yes, it's been that kind of day," Gadsden, 42, wrote in January. Another status update in February: "Had a good day today. DIDN'T want to kill even one student. Now Friday was a different story." She removed the second comment, but was nonetheless suspended after a student tipped off university higher-ups. (East Stroudsburg doesn't have a policy of monitoring faculty social media, but a university spokesman said: "Given the climate of security concerns in academia, the university has an obligation to take all threats seriously and act accordingly.") Gadsden, who's worked at the university for five years, says school superiors cited the Amy Bishop case – where a biology lecturer allegedly opened fire at the University of Alabama after being told she would not be granted tenure – in suspending her. "They found two posts, linked them together and are suggesting I was a threat," says Gadsden, a recent convert to Facebook (she has just 32 friends), told Pennsylvania's WNEP TV. "I told them I was venting. They're family friends and it's a private page." Gadsden specifically chose not to friend students, but thinks an update to Facebook's software altered her privacy settings and allowed friends of friends to read her musings. Type "Facebook" and "fired" into any search engine and you'll get an ever-growing list of people who've stuck a foot into the wide-open mouth that is Facebook – and it's cost them dearly. A 2009 study by Proofpoint, an Internet security firm, found that 17 percent of companies report having issues with employees' use of social media, and 8 percent have actually dismissed someone for their behavior on those sites. In the previous year's study, just 4 percent were fired for their social media sins.
All a good reason to check and re-check your Facebook privacy settings – or better yet, to confine any nasty work-related thoughts to offscreen conversations (preferably not within earshot of their subjects.) After all, Gadsden thought she had an iron curtain between her professional life and her Facebook life. "I actually did see that page as something that was not a part of ESU, not a part of my professional life," she told USA Today. "I don't invite students into that part of my life."
What was she thinking posting about wanting to kill a student? She was joking – she had a smiley face after the comment – and followup comments from friends suggest they understood the comment as humorous. (One said she was ROFL, or rolling on the floor laughing.) Gadsden said: "I had had a really bad day on Friday and then Monday went well and I was excited that it went really well. It was not intended to threaten a particular person, not directed to any student. Sometimes teaching is hard and exhausting work. Sometimes we don't get support for that so we vent with family and friends and that's all it was." (For some other Facebook faux pas, click here.) The university is conducting an investigation, and Gadsden says she plans to file a grievance contesting her administrative leave. In the meantime, Gadsden has been receiving letters of support "from around the nation, from faculty, from others who also had been target because of Facebook comments," she said. "I don't think there's a definitive policy I violated so it would be nice if administration was clear about these things."
What do you think? Were Gadsden's bosses justified in putting her on leave? Or are employees' Facebook comments purely private?
- Lessons Learned From a Bad Haircut
The education of Mark Zuckerberg. The Wall Street Journal has a must-read profile of Facebook founder and CEO Mark Zuckerberg, who has kept a firm hold on his company, even as he's raised hundreds of millions of dollars and plotted an eventual initial public offering. The Journal reveals that Zuckerberg has grown up a lot over the last few years, for instance giving up the practice of ending meetings by leading his employees in a chant of "domination." Meanwhile, the article reports that he still owns 25% of the company's stock, controlling most of the voting shares, and three of the five board seats. He's also fond of quoting from--of all things--the movie "Troy."
The business lesson of a bad haircut. Think back to the last time you got a really bad haircut. Did you complain to the hairstylist directly? Probably not. If you're like most people, you simply paid your money, sulked away, and then proceeded to complain to anyone who would listen. On her blog, Kicking Niche, marketing guru Mary Dean points out the business lesson to be learned from a bad haircut experience. Namely, that "lack of complaints does not indicate a job well done." As Dean explains, just because your customers aren't actively voicing their displeasure to you, that doesn't mean they aren't doing so to their family and friends. Austin-area residents can catch Dean speak today at the RISE Austin conference about the business opportunities of marketing towards the female demographic.
Why you should give yourself a "Do Over." Do you keep yourself awake at night torturing yourself about an unsuccessful email? Do you ever replay a bad interaction with someone while you're still in the middle of a meeting with them? Former venture capitalist and professional coach Jerry Colonna figured out a way to help entrepreneurs break through the "obsessive rumination, self-recrimination, re-writing of the script." And he figured it out by coming to terms with his relationship with Oreos. In short: give yourself a Do Over and try again. (Hat tip, peHUB)
More venture capitalists expected to back start-ups in 2010. According to a recent survey conducted by tax and advisory firm KPMG, venture capitalists are optimistic that a rebound will occur this year, after flagging opportunities in 2009, the Boston Globe reports. The survey polled 200 venture capitalists, including investors, bankers and entrepreneurs, and found that 67 percent of respondents expected investments in start-up and growth companies to increase in 2010--compared to a mere 23 percent predicting growth in investments in 2009. Companies that supply green technologies were singled out to receive more attention from venture capitalists, with 38 percent of respondents expecting the energy storage and efficiency sector to see the most investment.
Get ready for the electronic medical-records boom. According to CNNMoney, the next goldmine tech start-up industry will be medical records,. There are currently about 300 to 400 companies in the United States fighting for the relatively new market, but small start-ups are poised to hold their own against branches of large corporations. One reason is that of the doctors' offices that have yet to adopt electronic records, the majority are small businesses themselves. Until recently, the bigger players ignored them, focusing on larger hospitals and clinics. Small start-ups were able to fill the niche by offering lower cost products and creative solutions to smaller clinics.
Expect long lines at Apple stores on April 3. It's coming. Apple announced this morning that the first iPads will be available in the U.S. on April 3, TechCrunch reports. Those will be Wi-Fi models. The versions that have both Wi-Fi and 3G will be coming later in the month. Pre-ordering for U.S. customers starts on March 12, both online and at Apple retail locations. For more on the much-hyped tablet, take a look at Inc.com's iPad coverage.
Winery prices hit the bottom of the barrel. If you're interested in buying a business to flip it, wine is probably not the place to look right now. But as a long term investment, current prices may be too good to pass up, writes WalletPop (via Huffington Post). John Bergman, of Bergman Euro-National, a firm that sells estates in the Napa, Sonoma, and Mendocino regions, says that while prices for wineries have bottomed out, better times are on the way. Foreign investors are already looking to take advantage of the situation. For comparison, see this Arizona winery we profiled a few months back as our business for sale, and check out this gadget guide for wine lovers.
A jeans start-up designed with your iPhone in mind. Ever wish you had a pair of jeans with a pocket that was meant for your iPhone or iPod touch? Thanks to WTFJeans, a denim startup based in France, your wardrobe wishes are about to come true, Mashable reports. With a pocket designed specifically for your iPhone with micro-fiber interior protection, not to mention a secret USB stick pocket, these jeans aim to fit both your style and gadget-protecting needs. Look for them in early May, and expect them to set you about 59 euro (about $80).
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- How to Run a Family Business
You've heard the statistics: Fewer than 30 percent of family businesses survive to the second generation, and just 10 percent hold on through the third. Sound bleak? It's not. Those are far better survival odds than for small businesses not run by a team of family members.A tight-knit managerial circle, and the flexibility of related – and deeply invested – employees, has been proven to make a business resilient. It also can confer a significant competitive advantage and impress customers, who appreciate knowing they're dealing with someone who cares deeply, and who has the same surname that's on the letterhead. But family management presents unique and intense challenges, including day-to-day emotional dynamics and big-picture issues such as succession planning.Inc.com spoke with experts who have firsthand family business experience as well as coaches and consultants who specialize in the psychology and the logistics of running a family business. They shared their research, pointers, and life experience.Dig Deeper: Resources for Running a Family BusinessRunning a Family Business: Planning is EverythingIt's easy to say any start-up needs a business plan, mission statement, and revenue projections. In a family business, it's not that simple. Nor might those standard documents apply – or even be necessary at first, experts say. In their place, however, a family business must focus instead on drafting agreements, clear expectations, and assigning clean-cut roles to family members. "What I recommend families to do is to get as many agreements done in advance as possible," says Fernando Lopez, a Toronto-based relationship systems coach who specializes in family business at Bridgespace Consulting. "What are they hoping to achieve? What do they not want it to become? They should have their high dreams and their low dreams, and from there they can see how they want to work together."Taken together, the expectations set by individuals within a family can form a powerful vision for the future, which will guide a business forward. Ideally, formal documents will codify family members' expectations. At a bare minimum, they must be discussed at the outset in some depth, according to Cheryl Stein, president of Stein Consulting and Coaching in Chicago. "The families that are really smart about it, that set up rules, are typically the families who do not fall apart and end up never talking to each other again," Stein says. "Setting up rules when you are getting along can save years of heartache - even if you just set up a rough framework."And she knows from experience. Stein served as a vice president of her family’s multi-generation real estate company, working alongside her siblings, parents and grandparents to sustain their 80-year-old company. But a lack of clear expectations – and unerasable family dynamics – caused her to leave the business."While my father was alive, he always treated me like his little girl," Stein says. "I really couldn't work hard in that situation because my brain wasn't in it. So I went back to school."Stein went on to study the traits of successful and unsuccessful family businesses. What's most important, she says, is taking time to design and discuss a system for long-term planning. It should be done at formal meetings, not piecemeal or around the dinner table."Making room for strategic planning is the most essential piece," she says. "Ask everyone: Where do we want to be in five years, as a family? As a business? And as an individual? The answers to those questions will change the whole landscape, because then when opportunities come up, you know they are opportunities."When drafting a business plan – or even just laying the groundwork by brainstorming collective dreams for your company's future – its important to reflect on what makes you and your family unique, advises Kathy Marshack, a Vancouver and Portland-based psychologist and family business coach who is the author of Entrepreneurial Couples: Making it Work at Work and at Home."It's about knowing who you are and what your family style is, and designing your family firm around that," says Marshak. "Maybe you're all super go-getters and want to take your business online and international – good, go for it. Or, if you're content running the business out of your house, and you don't care much about earning millions, that's great – just make sure you're all on the same page."
If you're working only with one partner, and you are in a relationship, whether casual or spousal, it is advisable to document your business relationship in a formal business-partnership agreement. The document should, at a minimum, include duration of the agreement, partners' capital contribution expectations, and divisions of profits and losses. You can also include salaries, job expectations and terms upon which the partnership may be dissolved. If this sounds like a business prenuptual agreement, that's exactly what it should be, says Marchack. But the agreement shouldn't reflect or foment hard feelings: It's designed to protect both partners in the business.
"When you love somebody, when you trust a sweetheart or a spouse, you think you don't need a business partnership agreement – you're afraid the other person will think they're not loved," she says. "But I've seen a lot more heartache come from not having a legal agreement laid out beforehand as to who owns what should partners need to part."
Dig Deeper: Why Some Family Businesses Thrive Generation after GenerationRunning a Family Business: Defining the RelationshipsPart of setting clear expectations is also in the present. Making sure every employee – er, sibling or child – is content requires not only outlining, but also maintaining every individual's responsibilities in the business. That can be accomplished through implementing some simple human resource tools, such as classic job descriptions. But if you're just starting out, you can let the process begin organically due to the unique and sometimes sensitive nature of family relationships, experts say. After all, everyone involved has a big stake in how the business succeeds.Stein suggests as a starter, plan family business meetings. Don't rely on discussions around the dinner table to run a business. "What typically happens is you're running the business and you're mired in the business, so you rarely sit down to make a point of discussing what's going on," she says. Another rule to determine – either collectively as a business or as a CEO making policy – is who, in the present and future, is part of the family business. Decide what qualifications are necessary. "Do you want them to have outside experience? Do they need to have education? Does everyone in the family get a job here? Or are there boundaries?" she says.Making an employment policy includes deciding on compensation standards as well as expectations for employees. And before you think about the future, set guidelines for the present."One idea that I've often asked people to do is for them all to talk about what they feel they bring to the table, and what they feel the rest of their family members bring to the table," Lopez says. "It helps to decide what roles its best for each member to take on." If you're a small business without many formal HR policies, it can still help to give everyone a job title, description, and performance standards. Rewards are key – whether it be a certain title that a family member desires (and lives up to) or a certain salary they need.Marshack says men at the reins of a family business need to especially be aware of the significance of their children, mother or wife's contribution to the business. "People have in their mind a certain amount they believe they are worth. It doesn't matter what that number is, but if you're not paid a certain amount, you have grumpy people," she says. "Even in this day and age, I see businesses where the women are not paid, or are not paid as much, because they are just seen as helping out." There's a difference between casual advice or a friendly coffee run and full-time receptionist duties. If a partner, spouse or child is providing more than occasional task work, they should be fully compensated for their time.In his book, The Survival Guide for Business Families, Gerald Le Van stresses the importance of fair compensation. Reasonable benefits should come "along with an understanding of money, it's meaning, its potential, its limits, what is involved in making, spending and saving money…" There is a relationship between money and self-esteem, he notes, and as the manager of a family business, that's something you need to be cognizant of nurturing.Dig Deeper: When an Entrepreneurial Streak Runs in the FamilyRunning a Family Business: A Focus on Healthy, Productive CommunicationIt's one thing to say you'll try to communicate better with family members, but it's another thing to actually do it. Experts say this is one of the most difficult parts of running a family business. If you're willing to set up strict guidelines from the start, the ideal situation is to draw a clear line between family and business discussions. Just as you shouldn't discuss Cousin Terry's wedding shower plans at work, you should not let business intrude upon a family dinner. Doing so would not be fair to work productivity – and it's not conducive to a happy home life either.
That said, your family is still your family. You have a set of existing relationship tropes that, whether productive or counterproductive, are difficult – and sometimes impossible – to break. "At the end of the day you are still family members, and you are typically going to revert to certain patterns of behavior," Stein says. "If your brother used to take your toys and break them, there is going to be something that triggers that anger in the office. The best thing to do is realize that is just a fact. Recognize that."Lopez, whose work tends to focus on family conflicts within small businesses, observes that individuals tend to look at relationships in very personal terms, as in "John is like this, Peter is like this, and I am very frustrated with what they are doing." Instead, he suggests it is healthy for individuals looking at dynamics within their family business as part of a system. If an individual is frustrated, consider that there is frustration within the system. "What I ask families to bring on is a systems perspectives," he says. "Every voice you have about the stystem becomes not personal, but a critique of the system. And then you can constructively work on mending it." Dig Deeper: Managing Relationships in BusinessRunning a Family Business: The Bottom Line"Free of pressure from public shareholders, family companies can take a longer view of profitability – and go for growth over a decade or a generation," Le Van writes. That long-view mentality takes the pressure off focusing on quarterly earnings – or of needing to cope with lackluster numbers by, say, downsizing. Even so, a family business is still a business, and financial trouble in a family business can be cause for serious alarm. Here are some tips for maintaining a family focus on a company's economic well-being.• Keep solid books. By incorporating basic fianancial tools used by other businesses, including balance sheets and income statements that are prepared regularly for distribution among family members. By sharing and analyzing financial data, you can make your business more predictable, and thus more stable. If no one in the family has a knack for financial analysis, establish a relationship with an outside accountant. Over the long term, strong financials will be an absolutely essential tool.
• Build consensus. Don't be overly casual when it comes to planning and strategy. Act like you are running a proper business and schedule regular meetings. At those meetings, you should start by noting that, while everyone might be coming from a different perspective, you should strive to focus at once on a single issue and resolve it. Draft an agenda before any meeting, and be sure to remember to bring a group perspective to big issues, such as improving your P&L or coming up with a vision for the future.
• Don't always let family come first. "The interesting thing about family businesses is that they have a tendency to sometimes make decisions that are better for the family than for the business," Stein observes. Let's say some of your relatives are taking a vacation and they want the rest of the family to join them. Who will run the business in the absence of the family members? If you don't have a good answer to that question, than somebody should sacrifice the trip.
• Focus on the present, as well as the future. Succession planning tends to dominate the management conversation at intergenerational businesses. But you should also spend time looking for ways to get the generations working productively in the here and now. "Who wants to train somebody so that they become obsolete? We need to learn to put more of a focus on working together and leveraging the best," Stein says. "Using each others abilities to propel business forward, not on propelling people out."Dig Deeper: Relative Success in Any EconomyRunning a Family Business: Dealing with Succession-Planning StressA big part of making sure your business succeeds into the future involves handling leadership transitions with finesse. For businesses that appear likely to pass through several generations, succession can become an all-consuming issue. It's absolutely tricky for many reasons, and thus must be managed with a gentile-but-steady hand. The process must also be open to everyone. Although succession planning is an entrenched part of the basic thinking about family businesses, owners need to take a step back during the process, Marshack says. "You have to be careful and you have to make sure your business can accommodate taking on the next generation. Everyone thinks 'I want my child to work for me,' but can the business really afford that?"If you believe your business is sound enough to last through the generations, let the grooming process commence. But be open-minded and equal-handed when working with several offspring in the same age bracket – and allow them to drive the process. Certainly, children can develop at different rates and at different ages. The one who professes to love the business at 18 may discover a new passion while at college, and the one who dislikes finances and bookkeeping might just become management material after high school. Just remember: when any successor is being considered, they must also fit all of the prerequisite conditions you've set for your business's future. Ask yourself: would you hire someone with this child's life experience and education to replace me? "Why would you want someone taking over your business who's never gone out in the world and proven themselves?" Marshack asks. "If they'd never had to take care of themselves, they may not feel any urgency about taking care of certain problems." As part of the grooming process, you'll need to bring your successor into the managerial fold by not only exposing them to important business decisions, but allowing their voice to be heard. Also, expose them to any and all future conditions you've set upon the business, including dreams and goals.The situation can get tricky when you're in an old family business and have a young family. It's natural to think from the start that your children will be part of the business. But how much do you actually want to groom young kids for their future in specific roles in your business? That's an extremely complex question, with sociological and psychological ramifications. Stein advises that this is one area in which you might want to advise outside counselors, especially in the family counseling field. A modern interpretation of family studies might advise to allow your child to pursue any interest they demonstrate. But Stein says that as parents in a family business, "we have this responsibility to in how we raise our children, so that the legacy of the business continues.""It's parenting under the guise of employability in a business, in a sense," she says. "You have to watch, from when they are little, the message you are sending them. And it can be accomplished."For Lopez, when dealing with his family's business – his grandparents owned two hotels – he has found succession planning the most challenging issue. The transition, he says, needs to be eased by not only putting the right people in place to take the reins, but that everyone else in the clan knows what their role will be. Any existing conflicts, whether legal or simply emotional, should be out in the open."The strongest recommendation is to bring all of the things that might be under the surface to the surface before leaving the business," Lopez says. Simultaneous with succession planning should be exit planning for yourself. A necessary part of that is logistical: what will happen to properties, operations and taxes when you are gone? Cliff Ennico, in his book Small Business Survival Guide, calls the impact of estate, death and inheritance taxes when the company founder dies one of the "biggest problems facing a closely held family business in the United States." With a federal estate tax that can be as high as 55 percent of the estate's value, family businesses with successors who are eager to take over future business can be forced to sell the business in order to pay a massive tax bill. In order to avoid such catastrophic taxes, he suggests using a planning technique that involves creating a family limited partnership. The founder would transfer his or her shares to the partnership, of which the founder's spouse and heirs can be partners by making small contributions. However, FLPs are tricky to set up, so Ennico suggests enlisting the help of a lawyer who specializes in trusts and estates.Dig Deeper: Choosing a SuccessorRunning a Family Business: Enlist Outside ExpertiseYes, your business is your family's – but there are times when outside experts are necessary to bring into the fold. • During Growth. If your business is thriving, but members of the family are weighed down by innumerous responsibilities, then it's time to hire outside help. For many family businesses, it seems logical and most cost effective to hire from the bottom-up, by bringing in workers to handle clerical work or packing and shipping. Resist that urge and instead consider hiring a seasoned manager with real expertise in an area where you are currently lacking.Before you hire a big shot, of course, it's important to discuss the decision with everyone involved. It's also important to know basic human resources standards that your family might be skirting. You must establish basic practices, such as fair payroll, a clear job description, and a reasonable work schedule for the new hire. (Just because you and your brother work weekends doesn't mean he or she will have to.) And remember, the standards you hold that person to – and benefits they reap – will need to be established across the board if they are not already.• During Important Decisions. Even if your family is tight-knit and business is thriving, many experts still suggest enlisting an outside board of directors to advise management and help make important decisions concerning the company's future. A board of directors made up of outside of the family who are business-savvy and work in non-competing fields can help with everything from conflict resolution to financial planning."It helps to have an objective review, because you're not going to have an objective voice within your family, no matter how hard you try," Marshack says. "People who run a family firm will often be more clear-minded when they know they have to answer to a board on important decisions."Stein agrees that an outside board can instill a sense of accountability and perspective at even the smallest family business. Members of a board of directors need to be compensated for their time, of course. If your small business is unable to pay boardmembers, you can turn to one of the dozens of local family business centers that have sprung up around the country. Often by donating a bit of your time to help other businesses as part of a peer-advisory group, you'll get the same support from individuals not in business competition with you. "Literally from Rutgers to the University of Vermont, to Toledo, family business centers are popping up all over the United States because of the recent public knowledge of how much of the country's backbone rests on family businesses," Stein says.
• During Conflict. Whether you are part of a husband-and-wife team or an intergenerational family, you know how to push your business partners' buttons like no other. When conflicts of an emotional or family nature arise, and don't resolve themselves quickly, consider bringing in a relationship coach, mediator, or family business counselor. An individual counselor can work on issues too personal to bring to a board of directors. And any advisor hired should be allowed – and encouraged – to meet and speak with all members of the family regarding their goals, concerns, and stresses.
Dig Deeper: In Praise of Competition in Family BusinessesRunning a Family Business: Additional ResourcesNever Quit: The Ups and Downs of Running a Family Business, by Donna M. Gray. Veda Communications, 2004.The Survival Guide for Business Families, by Gerald Le Van. Routledge, 1998.Small Business Survival Guide: Starting, Protecting, And Securing Your Business for Long-Term Success, by Clifford R. Ennico. Adams Media, 2005.
Entrepreneurial Couples - Making it Work at Work and at Home, by Kathy Marshack. Davies-Black Publishing, 1998.
- How to Reduce Your Cost of Sales
Why would you bite that hand that feeds you? That's a standard argument against training a cost-cutting eye on your company's sales department. After all, it's the sales team that brings in most of a company's revenue and secures the necessary cash flow to keep you in business. So why take anything away from these important players? When business is sluggish, however, that has a way of changing managers' thinking. If you find you must reduce your sales expenses, you should know that some trims are acceptable, even smart. Other methods of cutting your cost of sales are don't-go-there, last-of-the-last-resorts.
Keep in mind that if you burn the salesperson, and you might burn the customer relationship, Ahearne cautions, citing 2007 research conducted by researchers at the University of Washington, which found that customers do remain loyal to a sales rep.
With that said, here's a list of tips for cutting your cost of sales, ranked from bad to better to best.
Switch to a 100 percent commission plan. This is a Hail Mary play, and possibly the worst sales-compensation sin you can commit. Companies justify this money-saving move by jacking up commission rates, making it possible for persistent reps to rake in more money in the end. But even with generous "kickers," most salespeople will find it hard to get by on commissions alone. "To go from salary plus commission to straight commission, you're asking salespeople to leave," says David Hoffmeister, professor and executive-in-residence at DePaul University Center for Sales Leadership in Chicago. it's worth adding that all-variable pay will hit bottom performers the hardest in terms of pay, even as your top sellers head for the exits.
Dig Deeper: Setting CommissionsMake across-the-board salary cuts. This manuever can seem democratic but could be catastrophic. "The thinking is, I'd rather keep everyone and ask everyone to share the burden," says Michael Ahearne, professor of marketing and executive director of the Sales Excellence Institute at the University of Houston. "But it's better to lose the people not producing for you. Don't punish everyone across the board. Keep the pay up for top performers and turn the dogs loose."
This rule is particularly relevant in industries where salespeople have plenty of opportunities to job hop. DePaul studies show that as of 2008, sales turnover hovered around 22 percent, up from 18 percent in 2004, and 56 percent leave voluntarily. So do the math: The cost savings from reducing salaries is likely to be less than the cost of hiring replacements. Hoffmeister has found that the cost of recruiting a salesperson was, on average, $27,000 (whether respondents used third-party recruiters or simply handled recruiting in-house.) "Too many companies don't know what the cost of hire is, and that's a bad sign," says Hoffmeister. He adds that training expenses and lost profit from an open sales territory can bring the total cost of sales turnover per rep to $70,000 or more. Thus, an across-the-board cut that sends one key salesperson packing can in fact have terrible consequences.
Dig Deeper: Setting Sales Compensation
Share some of the downside. There are times when it's necessary to ask salespeople to share a little more of the risk. You can increase the variable side of the comp equation – by say another 10 to 20 percent – and decrease fixed costs without too much push back. But it's all in the way you broach the topic. The key is to get input and buy-in from your top reps. "You have to be open with salespeople so they understand the financial situation so there can be some kind of ownership of the solution during downturns and they don't feel manipulated," says Ahearne. There's a catch to this strategy, though. "You can ask salespeople to share the downside," he says, "but don't limit the upside when the economy improves." That means no cap on commissions. Establishing only serves to kill the dream.
Dig Deeper: Managing a Sales Force During Tough Times
Expand sales territories. You may decide to layoff one rep out of, say, 10, and ask the other 9 to cover his or her territory. This step is generally received more warmly (by the survivors at least) than changing or reducing everyone's pay. Not everyone will relish the increased workload, of course, "but they should be able to make more money," says Hoffmeister.
Dig Deeper: Managing Sales Territory Collisions
Take a fresh look at independent reps. An independent rep won't pay you much attention unless your product is one of his or her top 3 revenue producers. And you need to carefully consider whether an independent rep is a good fit for the types of accounts you call on. That said, independent reps are often a great choice if you are introducing a new product and can't yet fund a sales force. Some companies find it effective to use a combination of staff salespeople and independent reps. You may also consider creating a hybrid sales track that allows independents to work their way up to salaried staff.Dig Deeper: Managing Part-Time and Independent Sales Reps
Pay attention to sales call economics. You can reduce your sales costs by reducing the average cost of a sales call. Don't know what that is? It's not rocket science if every salesperson logs their calls each week. By calculating the cost of a sales call among different product lines or customer segments, you can pursue the most profitable prospects. A good way to tighten your belt is to redirect your sales force to the accounts where the cost of a sales call is lower and the potential for repeat sales is higher. Is a prospect worth, say, a $350 sales call?
Besides great analysis of sales leads, you can also use technology to make sales calls less expensive or more efficient. Webinars, webcasts, and conference calls have certainly brought down the average cost of a sales call.
Just be careful of taking disciplined sales call economics a step too far: When a face-to-face meeting is needed to clinch the deal, it doesn't pay to be cheap. Five-star salespeople are used to staying in 5-star hotels and it's unwise to deny them that little pleasure. "Not all salespeople love to travel, but when they do travel, they don't want a daily allowance. They want a nice hotel," notes Hoffmeister.
Dig Deeper: How to Use Online Meetings to Serve Clients
Bring on the sales contests. Sales contests are short-term incentives used by managers to motivate salespeople to meet sales targets. A 60-day sales contest can sometimes yield better results, without significant additional costs, than a 6-month bonus plan. Recent studies on sales contests done at the Sales Excellence Institute have found that it's not the size of the prize that matters as much as other factors, such as structuring the competition to reward multiple winners. "You put a chunk of money into the pot and you guarantee the top 25 percent salespeople will win something because they're competing against each other, not the economy," says Ahearne. Meanwhile, a bonus plan spanning six months is hard to predict and budget for. "You could have no winners or a ton of money to pay out," says Ahearne. "We've found shorter contests are generally more effective and financially less risky." Contests are particularly better than bonus plans when motivating salespeople to sell multiple product lines, he asserts. You can't change the sales comp plan every time the stock market moves, but you can do a sales contest any time.
Dig Deeper: How to Set Up a Sales Contest
Cutting Sales Costs: Additional Resources
"Customer Loyalty to Whom? Managing the Benefits and Risks of Salesperson-Owned Loyalty," Journal of Marketing Research, Vol. 44, No. 2, May 2007, pp. 185-199. [Summarized in Marketing News, May 1, 2007, 30; Lead article in AMA Marketing Thought Leaders Newsletter, June 2007, Vol. 4, No. 6.]
The Center for Sales Leadership at DePaul University www.salesleadershipcenter.com
The Sales Excellence Institute at the University of Houston www.salesexcellenceinstitute.org
- Reinventing Our Energy Infrastructure
Take a look at 10 companies reinventing America's energy infrastructure. Changing the way we use energy is going to require more than just new ways of generating electricity. At an innovation summit organized by ARPA-E (a research branch of the DOE modeled after DARPA that looks at high-risk, high-reward ideas), most of the finalists for funding had the lofty ambition of reinventing the entire energy system, reports Wired. Check out Wired's list of ten companies leading us to more a sustainable future. Phonic Devices makes thermoelectric materials that converts "waste heat," the byproduct of industrial processes directly into electricity. Graphene Energy figured out a way to get more energy density out of graphene, a one-atom thick configuration of carbon. And Makani Windpower, the brainchild of mad scientist Saul Griffith, uses large kites at high altitudes to get the most out of wind power. Check out our recent feature on the incorrigible inventor, Saul Griffith's House of Cool Ideas.
For first product, the fewer features the better. You know all those product managers obsessed with feature-rich first products? Steve Blank would like to have a word with them. In his most recent post, he explains how the goal should be the exact opposite: "the minimum feature set." "The reality," he writes, "is that the minimum feature set is 1) a tactic to reduce wasted engineering hours (code left on the floor) and 2) to get the product in the hands of early visionary customers as soon as possible." Google, for one, is a believer.
Small business plea for direct lending. AIG, GM, and scores of banks have received bailout money from the federal government. But recovery efforts directed at small businesses have stalled out at the lender level, where large corporations continue to get preferential treatment. Back in October, legislation that would require the SBA to help companies willing to find lenders and, as a last resort, lend the money directly was passed in the House. But it's currently facing a tougher time in the Senate in part due to ongoing skepticism from the current administration, reports the Wall Street Journal. On the campaign trail, Obama proposed expanding the SBA's ability to give direct funds to companies hit by the recession. But then recanted, saying direct lending would create a "massive bureaucracy." On Friday, entrepreneurs testified at a congressional hearing that the $30 billion TARP initiative to help community banks lend to local companies would be better spent by giving it to the SBA to lend out.
Raising money, with a little help from your friends. Interesting video on the RISE Austin site from Maggie Miller, a social entrepreneur and founder of the micro-finance organization, DiscoverHope Fund. When raising start-up capital, Miller says she would talk to everyone she saw and "literally make 100 friends a day." Those friends helped her raise an initial $60,000 for the project, often $100 at a time. Her advice to other entrepreneurs is to, "Surround yourself with people who will cultivate that hope in you. You never really know who is set up to support you in that particular inspirational goal that you have." In other news from the RISE Austin conference, Inc. editor Jane Berentson took some time away from her magazine duties to serve on a panel of judges for a quick-pitch competition. The winner was Steve Barcik, CEO of FireFly LED Lighting, a maker of energy-efficient light bulbs.
The 2-minute opportunity checklist for entrepreneurs. If you have a business concept on the back burner but you want to test it for holes before trying to sell friends, family, and VCs on the idea, the Harvard Business Review has an 18 question checklist that can help. It starts out with the basic and essential question "Does your idea soothe someone's pain, discomfort, frustration, or dissatisfaction?" and grills you on other key particulars such as whether you can sneak by big competitors unnoticed for a while. The post also offers some counterintuitive advice: if everyone loves your idea, you're in trouble. "Unless you have at least one major detractor, then you are probably not onto something big. In fact, if everyone thinks it's a wonderful thing to do, then probably a legion of competitors is on the launch pad."
Apple bans a popular iPhone app ... again. The review process for the App Store has become rather notorious for its strict and seemingly arbitrary guidelines, with Apple quashing thousands of apps within the past few months, citing reasons that puzzle developers. According to TechCrunch, the latest on the chopping block was Tokyo-based Tonchidot, whose augmented reality app Sekai Camera is Japan's most downloaded iPhone app to date. The app, which allows users to tag their surroundings with virtual content like text and video, employs a GPS function that collects nearby Wi-Fi signals, which Apple apparently no likey. Click here for more info on the augmented reality craze, and one investor who was particularly wowed by Tonchidot's TechCrunch conference debut.
Protect your business from corrupt employees It's easy to think of employees as family. But that can be a risky mindset, reports the WSJ. Employee frauds at businesses with fewer than 100 employees--which tend to use fewer internal controls, security cameras, and other defensive tactics--cause a median loss $57,000 higher than the median losses of larger organizations. Business owners can help protect themselves from these losses by installing an anonymous employee hotline, requiring all employees and managers to participate in inspection procedures, and requiring employees who are handling money or inventory work in teams of two or more.
How cities and states develop programs to help small businesses. Rather than wait for the federal government to figure out how to get funding to Main Street, several states and municipalities have initiated programs to help local businesses and save jobs, The New York Times reports. A small business council in the Cleveland area created a program to encourage consumers to buy products from locally-owned stores. Likewise, North Carolina began a pilot program called BizBoost last year, in which the state gave $600,000 to help the Charlotte area rebound from big bank layoffs. Since last fall, the program has been able to provide financial guidance to 158 small businesses.
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- Better Times Are In Reach
Now for some good news. A recent survey the Insight Performance team conducted with SBANE (Smaller Business Association of New England) found that an increasing number of small to mid-sized businesses in New England are planning to hire employees this year and offer base-pay increases. This indicates that optimism is beginning to resurface--along with business opportunity--at least in the New England area. What does that mean for small and mid-sized business owners? Now for some tough news. The same game rules apply as before--you have to compete against larger and better-funded organizations to land the best candidates. But, it doesn?t have to be an uphill battle. Here are some ways you can be successful:
Play to your strengths. There are many benefits to working in a smaller environment. Employees have opportunities to take on more and varied responsibilities, and typically have more access to top management, who often work side-by-side with them. Make sure you are offering these opportunities to candidates and current employees, and communicating these benefits to them. Make your workplace the place to be. Any organization can create an exceptional workplace. It entails being respectful to all employees, engaging team spirit, creating a family/friendly atmosphere, and facilitating open communications. Be available and walk around your office. Solicit input from employees and truly listen to what they have to say. Understand what motivates them, what they care about and offer them opportunities to develop and achieve their goals.Now for a challenge and an opportunity. As we all know, when employees aren?t happy, they leave as soon as opportunities emerge. It looks like opportunities are beginning to open up in the job market. Are your employees happy? Are you doing all you can to create a workplace of choice? Now is the time to focus on your number one business asset: your employees.
Read more about what Nancy and her team are doing to develop Exceptional Workplaces at http://www.insightperformance.com/blog/ or on their Facebook Page.
- Serious Materials to Green the Empire State Building

If the client will not go to the production site, the production site will go to the client.So declared Kevin Surace, Inc. Magazine's 2009 Entrepreneur of the Year. And with that ingenious bit of problem-solving Surace landed his company's highest-profile job to date: a contract to make energy-efficient all 6,514 windows—roughly 26,000 panes of glass--in the Empire State Building. To do the job, Serious Materials, a manufacturer of sustainable windows and drywall based in Silicon Valley, will establish a production site in 5,000 square feet on the building's fifth floor. There, 30 to 40 employees will work through the nights until the job is finished in December.The Empire State Building contract has been two years in the making. In 2007, Anthony Malkin, whose family owns the structure and whose real-estate investment firm manages it, announced a plan to reduce the skyscraper's energy use 38 percent by 2013, saving $4.4 million in the process. Windows would play a big part. But Malkin, who had had new, dual-pane windows installed as recently as the 1990s, hated the idea of simply throwing all that glass away. Surace argued for reuse: Serious Materials has a process that transforms old glass into super-insulating glass four times more efficient than most energy-efficient windows. However removing the panes, trucking them to one of the company's factories, processing them and bringing them back would be enormously time and labor-consuming. And then, of course, glass breaks. Glass transported around the country can break a lot.Then Robert Clarke, a project manager whose windows company Serious Materials acquired in 2008, came up with the notion of a temporary on-site production line. "We'd just be bringing windows down the elevator and then bringing them back up as a new high-R value product," says Surace, referring to a measurement for insulation. "It was a brilliant idea—completely unconventional."The deal was announced yesterday and Surace is arranging the transportation of several tons of machinery—some of it from Serious Materials' plants, some bought new—to the project site. Necessary equipment includes glass washers, film stretchers and rollers, and ovens. The company plans to hire local workers and train them in its processes."Serious Materials competed with the most prominent manufacturers and service providers for a key component of our program to make our energy savings goals a reality," said Malkin in a statement. "Their expertise and ingenuity at competitive standards won them the job. When the total project is done, we will have happier tenants, a more comfortable environment in all seasons, and long-term energy and cost savings." (The general contractor handling the project has asked subcontractors, including Serious Materials, not to discuss the specifics of their bids. The total cost of the Empire State Building refurbishment is budgeted at $13.2 million.) "We've never reused glass in such a large project or put in a remote work site," says Surace. "But I see no reason you couldn't just pick up [the production site] and put it in another building. The Empire State Building was built in 1931. If we can do it there we can do it anywhere."
- How to Harness the Power of Referrals
In an effort to jump start small businesses – and remind them of the power of a single referral – marketing expert John Jantsch is launching Make a Referral Week 2010 March 8 through 12.
The goal of the event – in its second year – is simple: To provide 1,000 referrals to 1,000 deserving small businesses across the country. And yes, the event hit its goal last year.
Here's how it works: Click here and refer whoever you think could use the business. That's it -- one item ticked off your to-do list.) One referral story will be chosen as "best of the day" and both the referred business and its source will win signed books from marketing experts. You can also share and spread the word on your blog or web site by clicking here. For updates, follow #marw10 on Twitter. (Unconvinced about the power of referral? In supporting the event on their blog, marketing experts Randy and Donny Vaughn write that they know of businesses where 100 percent of new customers come from referrals.)
Along with what Jantsch has dubbed the "small business referral stimulus package" there's also a weeklong free web event that will feature daily educational programs to help company owners put referral marketing to work. The featured topics include strategic partnering, face-to-face networking, low-cost referral strategies, using social media, word-of-mouth marketing strategies, creating customer evangelists and more. For a list of guest experts, click here. The big event: a Jantsch-moderated panel on "Creating a Referral Engine," to be held March 10 at noon CST featuring Ivan Misner, founder of BNI and author Masters of Networking, Bob Burg, author of Endless Referrals and the Go-Givers Sell More, and Ben McConnell, author of Creating Customer Evangelists. To register, click here.
Jantsch himself will speak on the seven simple steps for marketing success during a one-hour webinar at 2 pm EST March 17. (Yes, after Make a Referral Week is over.) To register, click here.
"Small business marketing is an event, not a system," Jantsch said. "Too many business owners fall into the chaotic cycle of producing the 'marketing idea of the week' and miss an opportunity to produce significant and sustainable marketing results."
Jantsch, author of Duct Tape Marketing (and an occasional Inc. contributor), hopes to remind businesses to refer throughout the year by tagging Mondays "Make a Referral Monday." And if you haven't gotten around to using Twitter yet, here's your moment: Jantsch calls it an "awesome" accountability tool and is asking followers to Tweet their referrals with #marm as a hashtag each Monday. (Need a Twitter primer? Click here.)
How have referrals helped your business? What strategies do you use to get good ones?
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- How to Manage Multiple Business Locations
Thomas Friedman was onto something when he wrote his book, The World is Flat. Companies increasingly feel the need to expand their reach into new markets—both domestically and internationally—from a very early age.
One direct result of this expansion is that you may now be forced to manage multiple locations and oversee employees in distant offices—a fact that can cause quite a few challenges and headaches, says Eric Bloom, president of Manager Mechanics, a management-training firm based in Ashland, Massachusetts.
"No matter how widespread your organization becomes, you need to work hard to retain team cohesion and the philosophy that everyone is on the same team regardless of where they work," he says.
Dig Deeper: Why You Should Expand
Managing Multiple Locations: 6 Challenges1. Out-of-site-out-of-mind syndrome. When things get busy at your primary location, it can be hard to give your employees based at other locations the time they deserve.2. Loss of spontaneous communications. Because you do not see your employees in the hallway or at meetings, there is very little natural or unplanned communication.3. Attenuated logistics. Anything that cannot be sent electronically, must be mailed, which causes time delays and increased effort.4. Complicated work assignments. It is harder to perform certain types of jobs or collaborate on them when employees are based in remote locations5. Lack of team cohesiveness. Your team members will not know each other as well. This can easily lead to an "us-versus-them" mentality.6. Concerns over general supervision. If you have a remote office that clients visit, it's virtually impossible to see if your employees are arriving on time, working appropriate business hours or wearing proper business attire.
To tackle these and other challenges, then, organizational leaders need to focus on three key areas: systems, technology, and communication.
Managing Multiple Locations: Put Systems in PlaceThe old adage is that systems run businesses, and people run systems. "You must have systems in place to be able to standardize the quality of your communications, products and results," says Bert Martinez, founder of Bert Martinez Communications, a business training and communications company with multiple locations. "Systems will allow you to duplicate offices and grow faster with reduce training times and supervision."
The key is to establish clear responsibilities, boundaries, and authority, says Ann Latham, president of Uncommon Clarity, an organizational-behavior consulting firm in Easthampton, Massachusetts. "Vague responsibilities create the proverbial cracks into which everything drops," she says. Muddy boundaries create disasters ranging from personnel problems to legal ones while insufficient authority can become a source of delay and demotivation. "An employee with everything needed to exercise good judgment except either the authority or sense of responsibility to do so is worth little," says Lantham.
The point, then, is to make each employee's responsibilities clear through an organizational structure combined with a system that measures each and every employee, and holds everyone accountable for delivering on their work responsibilities regardless of where they are based.
Dig Deeper: Building Systems to Manage Your Business
Managing Multiple Locations: Adopt New Technology
With the advent of the Internet, and the prolific surge in the number of collaborative tools that have spawned from it, technology has become an integral part of the backbone for any far-flung organization, says Bloom, particularly because it can help your organization cut down on business travel expenses.
While many organizations rely on custom-built software platforms and intranets as collaborative platforms, some of the most commonly-used tools by small businesses in particular are also either free, cheap or available as a software-as-a-service, which means you can access these tools over the web for a monthly fee. Some of the best and cost-effective options include:• Google Documents, Gmail and Calendar for internal training and communication. • Basecamp: An popular project management tool.• Facebook : The now ubiquitous social networking tool is just as useful for business as it is for personal applications.• Skype: The surge in VOIP technology and software means that you can communicate with remote employees cheaply and effectively.• Salesforce.com: One of the most popular tools around, Salesforce.com allows remote sales team to collaborate in real-time on maintaining your company's sales pipeline.
A new wrinkle in terms of technology is that many firms have begun to equip all of their employees with smart phones such as the iPhone as a way to enable them to access any web-based technology regardless of where they are, including many new applications.
Dig Deeper: The Latest Small Business Technology News
Managing Multiple Locations: Focus on Communication
Systems are a must, technology is important tool however, none of these will work with out real communication, says Martinez. "Communication is the key to collaboration with your offices, coworkers, and clients," he says. If you neglect this aspect of running your business, you do so at your own risk, particularly in a business with multiple locations. That's why Martinez also makes having his employees have time face-to-face a priority by having his offices take turns hosting each other once a year to enable communication between people on all levels.
Other tips for fostering communication between your employees based in the office and elsewhere include:1. Establish full team weekly staff meetings via phone or webinar to get your whole group together.2. If possible, have web cams so your team members can see each other.3. Make each physical site responsible for a specific type of work, rather then assign random tasks associated with a central project.4. When doable, have the CEO or management members personally visit each remote site on a scheduled basis, every month, for instance.5. Establish weekly phone-based staff meetings individually with each remote group so that each physical location will get time with top management.6. If possible, get your whole group together once or twice a year for staff meetings, brainstorming and team building.
Dig Deeper: How to Improve Your Communications Skills
Managing Multiple Locations: The Global Workforce Managing multiple locations across the U.S. is hard enough. But when you add a new sales office or manufacturing plant overseas, says Bloom, you can actually run into a host of new challenges associated with cross-cultural communication that include: 1. Time zones. There is limited or no overlap in the standard workday.2. Language. Even if everyone has a common language, English for example, differences in accents, language fluency, and the use of slang expressions can make communication extremely difficult, particularly on conference calls and speakerphones.3. Social norms. Cultural differences from country to country can accidentally cause tension, embarrassment, and miscommunication.3. Holiday schedules. Scheduled meetings, reporting deadlines, cash flows and standard business processes can be derailed or delayed based on local holiday schedules.4. Technical connectivity. Not all countries have high-speed connectivity at all locations.5. Labor laws. Laws regarding hiring, employee termination, hours worked, layoffs, sexual harassment differ from country to country.6. Business-related laws, ethics, and practices. Business is conducted very differently from country to country.7. Personal-privacy laws. In European Union member states, the laws regarding the personal use, storage, and transport of personal information are quite stringent compared with those in the U.S.
Dig Deeper: Building the Best Virtual Workforce
Managing Multiple Locations: Adapting to Different Cultures Bloom suggests tackling these challenges by considering the following tips:1. Find one key contact in each country that is very knowledgeable in local customs, business practices, and laws.2. Learn to pronounce people's names correctly.3. Gain a basic understanding of country politics and current events.4. Know the names of your managers and leaders in those countries and pronounce their names correctly.5. Find ways to take advantage of the time zone differences.6. Be respectful of the differences between people and cultures.
The bottom line in managing multiple locations, says Martinez, is to help make everyone in your company feel motivated and part of the team, regardless of where they do their work. "When your people feel good and that they matter, they will perform better," he says.
Dig Deeper: How to Be a Lead Teams in Emerging Markets
Managing Multiple Locations: Additional ResourcesCorporate Agility: A Revolutionary New Model for Competing in a Flat World, by Charles Grantham, James P. Ware and Cory Williamson (AMACOM, 2007.) This book will show you how to get your company to embrace new technology, understand the ever-changing workforce, and rethink the way you structure work environments to deal with the global economy.Competing in a Flat World: Building Enterprises for a Borderless World, by Victor K. Fung, William K. Fung and Yoram (Jerry) Wind (Wharton School Publishing, 2007.) A book filled with solid tips to create a flexible organization capable of competing anywhere.The Facility Management Handbook, by David G. Cotts Kathy O. Roper and Richard P. Payant (AMACOM, 2009.)A great reference guide for understanding and implementing best practices for the modern workplace.
- $50,000 for Social Entrepreneurs
The top Web apps for business growth. It takes a lot to run a small business -- but what do you do when there's too many tasks and not enough help? Tech entrepreneur and blogger Neil Patel has put together a list of the top 25 online tools that can help you get projects done, manage your finances, leverage social media, and even have a little fun. There are a few high-profile choices in the bunch, such as Mint and HootSuite, but also some fan-favorites that are still under the radar, such as Recurly, which helps set up and maintain recurring billing for customers, and RescueTime, an automated time tracking and management program.
Putting your business on the (Google) map. If you've done a Google search for just about anything lately, you've probably noticed the handy map that pops up on the results page complete with a handful of pushpins pointing out the relevant local businesses. Marketing guru Jane Dueease has some tips for anyone who has ever wondered how their business can land a spot on the Google map. And as she explains, that map is prime real estate. Companies that appear on the map "not only show up above the 'organic' or 'natural' search results, but [the map] has a higher click rate than the Google Adwords." Austin-area residents interested in learning more can catch Dueease today at the RISE Austin conference discussing ways to improve your company's Web site.
Young social entrepreneurs, here's a way to win $50,000. The Hitachi Foundation is scouring the country to find young entrepreneurs making an impact in their communities, particularly start-ups that "help move people out of poverty and into the mainstream of American society," says the Foundation's chair. Six applicants will be selected and each will receive $50,000 and technical resources to strengthen their business. Apply here by March 22.
Making pay-per-click pay. Paid search engine marketing can be more profitable than search engine optimization, but it can be costly and futile if misapplied. The Wall Street Journal suggests following these tips to optimize your efforts: In addition to buying your company name and your competitors' names, consider asking customers what terms they use when they search for your products; Use keyword tools like Google Trends and Google's keyword suggestion tool; Monitor your results; Make sure your landing page aligns with your ad; and be specific in order to filter out undesirable clicks that you will still need to pay for.
Tesla production on schedule despite engineers' deaths. Two weeks after three of its top engineers died in a California plane crash, electric car maker Tesla said on Wednesday that it is sticking to its plan to produce and sell its first sedan within three years, The Associated Press reports. The young automaker, led by CEO Elon Musk, is hoping that the $49,000 sedan will "cement the Tesla brand in the market place," chief designer Franz von Holzhausen said. The company's only current car on the market is the $109,000 roadster.
Omniture customers get new analytics perks on Facebook. Though the analytics powerhouse and the social media giant first joined forces in May 2009 to build upon Facebook analytics capabilities, TechCrunch now reports that the two companies will be expanding their social media marketing partnership even further. The partnership will now allow businesses using Facebook to utilize Omniture's SearchCenter Plus product, which will enhance its search engine marketing management application with better efficiency for purchasing Facebook Ads. As a result, Omniture customers will now be able to compare Facebook ad campaign metrics with other media channels (learn more about how to advertise on Facebook here), and they will also be able to generate reports specifically designed to understand ad effectiveness for Facebook Pages and applications. For more on how Omniture grew from a college start-up to its $1.8 billion acquisition, check out our How I Did It on co-founder Josh James from Inc.'s March issue.
The changing landscape of e-commerce. It's becoming increasingly difficult to recall a time when pundits scoffed at the possibility of e-commerce outlets as viable businesses, but Half.com founder turned VC Josh Kopelman remembers it. He also notes on his blog, Redeye VC, that up until recently the e-commerce field has been pretty stagnant innovation- wise (via peHUB). "The online shopping paradigm is finally changing," he writes. "We've seen more innovation in the last 10 months than in the last 10 years." Kopelman lists game-changing e-commerce opportunities in the post and proudly touts the fact that his firm, First Round Capital has invested in over a dozen ventures in these fields. For strategy tips for your online store, check out our guide to selling online.
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- When's Your Tech Refresh?
It's been some five months since the release of Windows 7 and according to Microsoft sales are brisk. So far, more than 90 million copies of Windows 7 have sold; a third of that sold just since the start of the year. That 90 million translates to a little over 7% of computers.
By comparison, 66% of computers still have Windows XP; 17% with Vista (Vista? Vista, who?) (And yes, I know there are other brands of operating systems out there. But, this is a posting about Microsoft.)
Microsoft's chief financial officer, Peter Klein, told investors on a Morgan Stanley conference call this week that he's predicting Windows 7 sales will really pick up later this year or early next year when more companies are poised for a "tech refresh".
It doesn't take a rocket scientist to make sense of this one. Companies are still reeling from the "Great Recession" and therefore most IT budgets are still tight; really, really tight.
As months (years!) go by with all this clench-fisted spending, it stands to reason that lots of technologies are not getting upgraded on their normal cycles. At some point, the money taps will open again.
My question is when do you think your company will have it's next "tech refresh" and is the wait to upgrade noticeable?
- File Under "Shameless Self-Promotion"
Jill Blashack Strahan, founder and CEO of Tastefully Simple, says that in business (as in life), it is important to celebrate your successes. So with that in mind, I?m happy to report that Inc.com has been nominated for a National Magazine Award for Digital Media in the category of best online tool ? for the valuation calculator that was created by our friend and frequent collaborator Tommy McCall.
The award is intended to honor ?the outstanding use of interactive tools that enable users to create or share content, participate in communities, improve the quality of their lives or enjoy recreational activities.?
Our fellow nominees in this category are ESPN.com, Instyle.com, MenHealth.com, and Spectrum.ieee.org. Elsewhere, the judges bestowed nominations on NYMag.com, TheAtlantic.com, Wired.com, Slate, and the Daily Beast.
Down the hall, our colleagues in Inc.'s art department are celebrating five merit awards presented by the Society of Publication Designers. SPD recognized Inc. for the still-life photography in the Inc. 500 issue, an illustration of author Ayn Rand that appeared in the November issue, and our recurring photo essays "Behind the Scenes," "Passions," and "Innovation."
We're thankful for the recognition, and hope you've enjoyed the work we've been producing for you, both in print and online. Feel free to post a comment below telling us how we're doing, and what we could do better. After all, Tastefully Simple's Strahan says humility and striving for excellence are important too.
- Website Uptime Means Happy Customers
Last week's piece about keeping customers was more a discussion of customer service. This week, I'm profiling a company that ensures your customers can be kept - by making sure your website, store or service is up all the time. This is very important for keeping customers happy, especially if the web is the primary method by which customers reach you or buy your products or services.
Web service uptime is critical for Jay Graves, CTO for edo Interactive, a company that has a technology that puts coupons directly onto customer's debit cards. edo has 27 employees and works with large companies like Coca-Cola for an under-the-cap loyalty program, as well as the financial institutions that issue debit cards.
Jay told me "In the modern age of service-oriented architecture, if we're hosting a web service for a customer, unless we can prove it is up, they're going to think it is down. We use AlertSite DejaClick to track our web site and web services for our clients. AlertSite monitors East Coast, Central and West Coast for us. We give customers a report with the AlertSite logo that shows we had 99.97 percent or greater uptime. When you're dealing with larger companies as a startup organization, this reporting helps your reputation. You have to be prepared for an extra level of scrutiny, but if you want to be a successful startup you have to be prepared for that scrutiny anyway."
Ken Godskind, Chief Strategy Officer of AlertSite opined "In Small and Medium businesses, they don't want to be monitoring experts. They know their store, blog, or website. With our DejaClick product, you don't have to be highly trained, you just have to know how to click through an application. It is designed so a normal user can accomplish it."
The demo I saw allowed a user to hit a 'record button' and capture their path through the site. If there were user names or fields to fill out, the product captured those. They can be edited or conditional logic can be added. It even worked on a flash site I was shown. Setting up the monitoring was not rocket science - most site owners could do it with little help or coaching. AlertSite then tests your site, using your script, from data centers around the country. They then report back how long it takes for your site to load, and ensure that the service can successfully complete the scripted transactions.
Godskind describes their product set as services that help customers make sure that whatever the important thing they're doing on line, it is working well for end users. In Retail, that may mean, "Can shoppers go to home page, search for products, view products from a catalog, add to a shopping cart and check out?"
Graves said "They can spit out monthly reports, let us know when we were up, and since they're a 3rd party, they're immediately more trustworthy than if we reported to the client. We also share reports internally with entire company so everyone knows our uptime and our reliability."
How big does your company have to be to consider monitoring services? "If you're a web based business," Godskind told me "and you're putting a lot of effort into sharing a brand feeling - and keeping customers - you want to make sure your site is available, functions reliably, and you want to know how your load time changes during the day. There's a very inexpensive, availability monitoring service for $10/month, but if you have multi-step store transactions to test, you can expect to pay more like $100/month and up."
If your business lives and dies by its website, $1,200 a year to have peace of mind that your site is up seems a pretty small price to pay. Do you track your online uptime and make sure your customers can buy or contact you at any time? How do you do it? The comments are open.
- New Small Business Server from Lenovo
Lenovo recently unveiled the ThinkServer Ts200V, a new server designed for small businesses. The single processor server comes loaded with Intel Active Management Technology that makes remote management easier for companies without a dedicated IT staff. It also has an EasyStartup feature for quick server set-up. The servers, which come in either tower or rack models, start at under $500. You'll also get a 90-day free trial of Lenovo's ThinkPlus Priority Support, which gives you 24/7 phone access to technicians.
- DocStore Opens Up to More Sellers
Last week, online document marketplace DocStoc launched a new platform that lets anyone sell professional and business documents on the site.
To start selling in the DocStore, simply sign up for a free account and begin uploading documents onto the site (you also can embed DocStore documents on your website). DocStoc handles all the financial transactions and sends you a check at the end of each month. Sellers keep 100 percent of all sales for the first 60 days, with no hidden fees. After that, you'll split sales evenly with the store, which will send you a check for your 50 percent of sales in any given month. You can set any price you'd like for your documents, those most on the site sell for between $15 and $30. You also can track sales on a personalized dashboard.
Of course, the store won't let you sell just any document. All documents posted for sale are reviewed by DocStoc. If a document is not approved, you'll receive an email with an explanation for the rejection.
- New Patent Law Ruling Could Cost You Big Bucks
Got a patent, or have you labelled your product "patent pending" before you've actually put the application in the mail? A recent court ruling on false marking could make you liable for some big bucks – and anyone (not just a competitor) can file a lawsuit.
Patents, of course, stop competitors from stealing your ideas, and if you don't mark them on your products, you're limited in the amount of damages you can recover. But if you stamp your baby wrongly in an attempt to head off competition, you may find yourself on shaky legal ground; a December court decision seriously has raised the stakes.
On December 28, 2009, the Federal Circuit Court of Appeals held in the case of Forest Group Inc. v. Bon Tool Co. that patent owners and others may be fined up to $500 ($250 for the plaintiff and $250 for the federal government) for every product or advertisement bearing a false patent marking. (Note that the fine is per item – if you've got 1,000 items mislabelled, you could be liable for $500,000 – a big change from pre-ruling, when it was a single $500 fine per decision). What's considered false marking? Saying there's a patent pending when you haven't actually filed an application, using a patent number that doesn't cover the product, and marking a product with a number that has expired. (If you think it was such a struggle to get the patent that you'd never let it expire, keep in mind that if you miss a maintenance fee, your patent can lapse prematurely).
Who besides a competitor would bother to file a lawsuit? Anyone with access to Google (you can check a patent's lifespan and other particulars here) and a bit of free time – the new fines make it potentially more lucrative than, say, eBaying what's in the basement. Some 60 lawsuits have been filed in federal courts in the past two months – 28 of them from one Chicago-area man. Compare that 60 to just seven filed in the eight months before the ruling. Once upon a time the courts were lenient about false marking, generally looking for – and finding – good faith on the part of the company that the patent number used actually covered the product. But in recent years the courts have made it clear that it's up to patent owners to fork out the funds required to make sure markings are correct. In 2005's Clontech Labs, Inc. v. Invitrogen Corp., the court found Invitrogen had falsely marked molecular biology products and in its ruling highlighted the public interest in free market competition. It stated: "the act of false marking... externalizes the risk of error in the determination, placing it on the public rather than the manufacturer or seller of the article, and increases the cost to the public of ascertaining whether a patentee in fact controls the intellectual property embodied in the article."
What can you do to minimize your liability?
Lawyers Gerry Kraai and Justin Poplin of intellectual property firm Lathrop & Gage suggest documenting your reasons for marking a product as you have. You can get a lawyer to do this but the notes of a supervisor or engineer will suffice – the point is to show that you have a review process in place and could help you demonstrate good faith if a suit is ever brought.
Second, avoid any conditional language – both "this product may be protected by" or "this product is protected by one or more of" (in the latter, you need to know exactly which patents it's protected by). If you're not sure if you can use a patent number, you'll need to consult a lawyer – this goes back to the court's ruling that it's up to the holder to pay for any costs associated with using a patent.
Kraai and Poplin also suggest a regular review of products, blogging that "the costs involved with implementing a policy to avoid falsely marking will be only a very small fraction of the costs associated with defending against a false marking suit."
- 10 Things Every Geek Should Know
TechRepublic is at it again with a funny list of things geeks should know, including:
Every geek should be able to give the Vulcan ?Live long and prosper? hand signal from Star Trek.A true geek must be able to carry on a conversation using only Monty Python quotes.
A romantic geek can say ?I love you? in binary. I would say additionally that you must be able to say at least a few words in Klingon, have had heated arguments - or maybe even lost friendships - over the Mac vs. PC debate, the vi vs. emacs, or the Android vs. iPhone debates.
Generally to be a geek is to take things that are basically irrelevant far far too seriously. (guilty as charged.)
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- The iPad Cometh
Here's the latest from the iPad rumor mill: the iPad is expected to be available by March 26th in Apple stores.
The examiner is reporting that the iPads will actually arrive in stores as early as March 10th for store employees to start their training.
iPad commercials will be coming to a television near you on March 15th.
Apple is expected to roll-out only the WiFi version of the iPad first. The 3G version will likely not come available until April or May.
Here's my favorite part of this "sources say" update: Apple will be offering a "special gift" for those who camp out at stores to purchase on launch day.
Hmmm.. after the winter most of us have had, I hope it's glove warmers. Tell me again why this couldn't wait until June, like all the iPhone launches?
- The High Cost of Distractions
Why you need an FAQ page. Let's face it -- good customer service or not, answering daily queries about the same topics can become tedious and time-consuming. That's why you should consider creating an FAQ page for your company's website, according to a recent post over at Web Worker Daily. A good FAQ page not only educates clients and customers about your services, but it can also provide useful info about your work processes and pre-empt absences and missed deadlines. "An FAQ page can help you reduce the frequency in which you provide the same information to different people," the post says, "It can also help you to remain productive and focused on tasks that actually require your expertise."
What Krishna can teach you about business. As we mentioned yesterday, Austin-area entrepreneurs might want to check out this week's RISE Austin conference, a free conference designed to encourage the sharing of ideas and encouragement between entrepreneurs. On the RISE site, Bijoy Goswami, founder of the Bootstrap Network, discusses the business lessons he has learned from an even higher power--the Hindu god Krishna. Taking lessons from the Bhagavad Gita, a sacred Hindu scripture, Goswami tells of how Krishna explains to a young warrior that, "Your job is not to be good at everything...your job is to know what you're good at, discover what it is, and then deepen that capability. From that excellence, you will then find out what you're here to do. And then you will find people to come along with you on that journey." Consider it a lesson in delegating from a higher power.
Quiet time: not just for kindergarten anymore. All of the dings, buzzes, and alerts coming from your computer and cellphone might be small distractions, but they can add up to big losses for your business. Reuters reports today that interruptions and distractions cost the average desk worker 2.1 hours of productivity every day and the companies they work for as much as $1 billion annually. In addition, constant e-mail lowered workers attention spans, increased stress, and decreased job satisfaction and creativity. Intel dealt with this problem by imposing a four-hour "quiet time" on its engineers. The 14 people worked alone and all messaging and contact was banned. Although you might not be ready to enforce an all-out ban on communication, Inc.'s guide can help you develop a cell phone policy that fit's your company.
Google secures a patent for location-based advertising. While most of the blogosphere was distracted with Facebook locking down the patent for its news feed format, Google stealthily nabbed a patent for location-based advertising, reports VentureBeat. The patent itself, which was fairly broad, was filed 6 years ago. It governs location for targeting, setting a minimum price bid for an ad, offering analytics, and changing the content of an ad. VentureBeat says that it's still unclear whether start-ups should be alarmed, calling it "a defensive practice, rather than as a tool for pressuring other companies to desist or pay license fees." But it certainly gives Google, which has made location-enabled search and advertising a priority in the past year, an edge in its war with Apple over mobile advertising. Indeed, competition has heated up recently with Google acquiring Admob in November and Apple buying Quattro Wireless in January.
Another start-up bites the dust (thanks to Google). Google's recent buying spree continues with the announcement that the search giant has acquired Picnik, a start-up that offers an online photo editing service, The New York Times reports. The service allows users to edit photos through a browser without having to download any software. "The sale puts Google in yet another competing business with Adobe, going up against Photoshop.com, and with Apple and the basic photo editing tools within iPhoto," the Times writes. Picnik CEO Jonathan Sposato previously sold another company to Google--Phatbits, in 2006.
Why Joel Spolsky is Giving Up His Blog. He wants to focus on other ways to market his business. Spolsky is the creator of Joel on Software, a long-running and very popular blog about programming, the founder of Fog Creek Software, and an Inc. columnist. He writes in his latest column that he has decided to hang up his pen for awhile and will no longer post Tweets, record podcasts, or speak at conferences. "The truth is, as much as I've enjoyed it, blogging has become increasingly impossible to do the way I want to as Fog Creek has become a larger company," he writes. "We now have 32 employees and at least six substantial product lines. We have so many customers that I can't always write freely without inadvertently insulting one of them." Meanwhile, Spolsky says that although blogging has been an effective way to reach people who read blogs, he has been ignoring customers who might be reached through more traditional marketing channels. So, bad news: Joel is giving up his Inc. column. But, good news: We're adding a new columnist, 37 Signals founder Jason Fried.
Starbucks unruffled by gun-toting customers. In the past we've covered the debate over workplace gun policies but now chains including Starbucks are being drawn into the fray. Even in states that allow people to carry firearms openly, businesses can choose to ban them. Fans of the 2nd amendment in those states have been parading through establishments forcing them to take a stand on the issue. While California Pizza Kitchen and Peet's Coffee & Tea have given the NRA crowd a chilly reception, Starbucks is letting it's customers flaunt their firepower, writes the Huffington Post. John Bruce, a University of Mississippi professor and gun policy expert says, "Starbucks is a special target because it's from the hippie West Coast, and a lot of dedicated consumers who pay $4 for coffee have expectations that Starbucks would ban guns. And here they aren't."
Make way for a new chocolate entrepreneur. From your everyday extras, like caramel, toffee, and almonds, to more daring additives, like chili peppers or bleu cheese, there are plenty of ingredients you can add to chocolate to make it taste better - even air bubbles. While aerated treats have become all the rage in Europe and other countries worldwide, air-infused confectionary goodies have yet to make a real mark in the U.S., until now. The Boston Globe reports that a year-old, Salem, Massachusetts-based company called Bubble Chocolate is attempting to become the first successful aerated chocolate bar business in the U.S. market. The company has begun nation-wide distribution through Whole Foods and Duane Reade, with additional talks in the works with other retail giants, such as Wal-Mart and Target. According to owner Paul Pruett, "The U.S. is the last frontier for this type of chocolate. The premium chocolate category is looking for something new."
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- Failblog: France's Tough Piracy Law Makes Piracy Rates Go Up

Here's one of those fabulous stats that basically explodes an argument people thought was done and dusted: New data shows that online content piracy has risen in France despite the nation's super-tough three-strikes Net ban law.
France, among several controversial legal moves concerning Net technology, has been busy enacting some draconian Web piracy laws that almost rival the Big Brother-ish moves going on in the U.K. (which even the boss of the country's biggest telecoms network disagrees with.) France's new "Hadopi" law is the real monster we're talking about--it actively connects the country's music biz through ISPs to music pirates, and penalizes repeat offending users by severing their Net connection after three warnings.
Sounds fierce, right? May deter you from downloading that episode of How I Met Your Mother (rather, "La Manière Dont Je Me Suis Rencontreé Avec Ta Mère") or Mika's latest album? You may think so. Mais...Non. Those French types are actually defying their government, as a frank telephone study of 2,000 Bretons by the University of Rennes shows. Comparing user habits before and after the enactment of Hadopi revealed that piracy rates of all types have risen 3%.
The manner pirates are using to acquire the illicit data has shifted though--away from peer-to-peer sharing systems like bit torrenting, to "file locker" systems like Megaupload or Rapidshare, or illegal file-streaming systems which aren't explicitly covered in the Hadopi law. This sort of piracy actually soared by some 27% after Hadopi (and probably actually more than this, assuming survey responders were wary of admitting to it), which demonstrates that the French public are much cannier than the legislators. We can assume, though, that before long there'll be a legal move to fix these loopholes.
But we're human. So you can also expect that piracy will just bubble up elsewhere in France once this fix occurs. And that's where the real stupidity of tough laws like Hadopi is exposed: If so many people want to pirate content, in France and elsewhere around the World, then the system itself (where the content providers are overly aggressive about their IP, which they simultaneously want sold to as many suckers as possible) is broken.
[Via TorrentFreak; image: akahodag]
To hear more news like this, totally legally, follow me on Twitter.
- Today in Most Innovative Companies
News of note from our Most Innovative Companies, including Apple, IBM, and Samsung.

Apple: If the iPhone's market share wasn't enough, even Steve Jobs' legal team is scaring away potential competitors now. Since Apple filed suit against HTC over alleged patent-infringment, analysts say that "top-tier smartphone makers" are now revising plans for mobile devices, out of fear of potential lawsuits and memorandum-spewing iPads.
IBM: More than 13 billion plastic bottles are disposed of each year, and while plastic is a big source of recycling, the material its made from is limited to "second generation reuse," meaning it can't be recycled repeatedly. Scientists at IBM and Stanford announced a breakthrough in green chemistry today though, pioneering a polymer that could create a new recycling process that would reduce waste. With every person in the U.S. disposing up to 63 pounds of plastic packaging annually, this discovery could go a long way toward reducing our carbon footprint.
Samsung: Electronics juggernaut Samsung started selling 3D televisions this week in the U.S. along with Panasonic. For just $3,000, you get a 46-inch TV, a 3D-compatible Blu-ray player, the eagerness of waiting months for Avatar's release, and a whopping two pairs of 3D shades, which really seals the deal if you ask me. Panasonic on the other hand is hawking the same Blu-ray player and a 50-inch plasma for $2,900--don't be fooled by that larger screen though, since Panasonic only includes ONE PAIR of 3D glasses, which apparently accounts for the hundred dollar price difference. Totally a deal breaker--I can't watch reruns of Sportscenter 3D on Saturday nights alone--that would be so lame! Could you?
- Porsche Confirms That It Plans to Build the 918 Plug-In Hybrid Spyder Supercar

Remember that sexy plug-in hybrid Porsche 918 Spyder supercar we drooled over last week? Apparently, we weren't the only ones with eyes for the car. Porsche received such a positive response to the Spyder concept at the Geneva Auto Show that the automaker now plans on mass producing it.
Porsche CEO Michael Macht confirmed the news to Autocar UK:
Porsche has yet to commit to producing the car - but speaking to Autocar, Macht admitted that the positive reaction to the 918 had already swayed opinion within the firm. "There is no one inside Porsche who doesn't want to build the 918," he said. "The response has been marvelous; we will ask buyers to sign letters of intent. "The 918 Spyder provides the answer to whether there can be high-performance cars in the future," he added. "Many have said they are finished. This car shows they are not."
The Spyder boasts some impressive stats: 0 to 60 mph in 3.2 seconds, 78 miles per gallon, and 16 miles on pure electric charge. And of course, the carbon-fiber reinforced vehicle is really, really good-looking. Porsche hopes to have the Spyder on sale within five years, most likely at a price that few people can afford.
[Via Autocar UK]
- Missiles to Mammals: Old Nike Missile Base Now Home to Cutest Seals EVER
Noll & Tam Architects and Scott Dennis Architect turn a decommissioned missile silo into a marine mammal rehabilitation center.

It's one thing to turn an empty building over to plants--set up a couple veggie carts, like they did in Cleveland, or strap on a green roof. But what about turning it over to animals? And what if that building is a missile silo?
In one of the most unlikely architectural transformations I've seen, San Francisco studio Noll & Tam Architects and Scott Dennis Architect, turned a decommissioned Nike missile base in the Golden Gate National Recreation Area into a new home for Sausalito's Marine Mammal Center. The Center has been using the base since 1975, when the last Ajax and Hercules missiles were dismantled, but hadn't done anything with the silos themselves. When they started renovating in 2005, some suggested they abandon the two, 3,000-square-foot chambers. Instead, the designers turned one into a specimen research library and the other into a water recycling plant that cleans and recirculates 200,000 gallons of fresh or salt water to the various tanks around the center.

It's a big deal: you wouldn't think it, but the headlands where the Center is located can get pretty try, so saving water is a smart move. It's also hot, and since most of the tanks are outdoors, their temperature has to be carefully monitored and adjusted. Normally, heating and cooling different pools to different temperatures for different animals would make for a nasty electric bill, but the designers outfitted the Center with thousands of square feet of shading panels, which do double duty as solar cells, providing about 20% of the energy for the buildings.
The coolest thing about the design, though, is that Noll & Tam and Dennis kept the silos' military/industrial vibe intact. It's a tricky idea, filling silos with seals, but it works--the raw concrete floors, vinyl-coated chain-link fences, and black asphalt roofing make it feel kind of like a sleek, hipster spa (like the one from Zoolander...) which, if you're a sea lion, it kind of is.


[photos by David Wakely]
- Smart Windows: Good for Seeing Through, Generating Electricity Too

Photovoltaic solar power may be the bees knees in green power cleverness, but you still have to work out how to mount the panels on your building. That's going to be much easier now a Dutch company has combined them with windows.
PV panels aren't exactly the most attractive of household additions, in their typical "we just bolted these suckers onto your shingles" installation (though they are much more visually attractive than the solar heating units the come with the ugly cylindrical water tanks on the top.) There are fresh re-inventions that are tackling this problem, like the neat PV solar roof tiles, but they're not universally suitable.
Whereas every home has windows. And this fact has led Dutch company Peer+ to create Smart Energy Glass panels that generate current from the sun while also acting as like those old-fashioned devices that lets you see right through a wall. But that's not all. Similar to the other up-and-coming LCD glass treatments that let you blank a window at the flick of a switch (removing the need for curtains, blinds or shutters,) these smart windows also have selectable darkness. Darkest is the highest privacy mode, and thanks to a trick of the optics concerned, also leads to the most efficient power generation from solar input. And you can even choose between a range of shades for the glass and also incorporate logos or text into the panels, which will appeal to countless businesses.
But before you think I'm leaping at this invention over-enthusiastically, let me explain why it's important. The reason is a simple one: Style. Sure, you may lose some of the potential efficiency of this solar PV generation tech compared to specialist dedicated panels that are carefully aligned at the right angle to the average solar incidence direction for your home. But these things look good. And if green tech is to achieve serious adoption by the public (and architects too,) then design really has to play into things at some point. This solution, much like those solar tiles, is a neat way of leveraging this.
[Via Springwise.com]
- Canadian Chefs Predict Food Trends of the Future

Macrobiotic food, raw food, local food...the list of food trends that have popped up in restaurants in recent years is virtually endless. The Canadian Restaurant and Foodservices Association (CRFA) recently surveyed 400 chefs to find out what they think about the future of food, with some surprising (and not-so-surprising) results.
One big trend that chefs predict we'll see in the coming years: gluten-free food and beer. As awareness about gluten intolerance increases, gluten-free food has increasingly shown up on forward-thinking restaurant menus. Gluten-free beer is a little less common, but chefs predict beers made with sorghum, buckwheat, rice, maize, amaranth, flax, millet, and other barley substitutes are poised to hit the bigtime.
As you might expect, sustainable food will be at the forefront of chefs' minds over the next decade. That means non-traditional (read: sustainably-farmed) fish like red sea urchin, herring roe, mackerel, octopus, and sardines will become more popular. Vegan entrees will also gain traction, as will artisan meats that skip the factory farm production line. And yes, organic alcohol will probably start showing up on more store shelves.
Want to check out the rest of the Canadian chefs' predictions? Check out the full list here.
[Via Vancouver Sun]
- Need a Plumber? Redbeacon Adds Facebook Support to Its Service Provider Finder

Redbeacon, a site that matches users up with service providers (like plumbers, painters, personal trainers, and housekeepers), announced a few new options, most notably Facebook, that'll encourage a more social use of the site--and hopefully gain some users in the process.
Redbeacon, which won the TechCrunch50 award last year, is less a reviews site than a straight utility. You type in your location and service needed, and Redbeacon finds a local provider that'll best address the job. It does snatch reviews from Yelp and Google to help you make your decision, but it's more specific than a search engine.
Even better, it retrieves an actual quote from the business it recommends: not an estimated quote, or a base quote, but an actual quote from the business, directly responding to your inquiry. Redbeacon says that in the few months since their October launch, they've been able to secure a 100% response rate for quotes, usually within hours. The service then lets you book an appointment right from the site, like OpenTable, and it's all free to the consumer (Redbeacon takes 10% off the top from the service provider).
Redbeacon's announcing a bunch of changes today. Users can now upload photos and more detailed descriptions of the service they need, which should help businesses deliver more exact quotes. But most importantly, they're now using Facebook to add a social element to the service. It only makes sense; when you're looking for an electrician, you'd typically ask a friend or relative before just calling someone in the yellow pages. Redbeacon now uses Facebook Connect to allow users to ask questions of friends and post about good experiences.
It's a bit similar to Aardvark, which we wrote about before--algorithms aren't necessarily the best way to find out what you want to know, and social networking is one way to get answers from people, rather than a search engine. Redbeacon's still expanding out from its San Francisco base, and its userbase is still pretty small, but it's a great idea--and seeing as how Redbeacon is more concerned with the service than with users visiting their Web site, we could start seeing embedded uses of the service in other platforms soon.
- IBM's Hottest New Cell Phone Market: Senior Citizens (and the Illiterate)

Among cell phone users in developed countries, IBM is betting the market with the biggest growth potential is...people over the age of 65?
It makes more sense than you'd think. According to recent findings, most of them already own cell phones, so it's not as if they're adverse to the technology. But unlike younger generations, who are seemingly targeted with a new cell phone gimmick every week, they're largely ignored on the marketing front--excepting a few efforts from Nokia and Samsung, which makes the senior-friendly Jitterbug
IBM's two-year research program, which also involves the National Institute of Design of India and Tokyo University, will explicitly focus on making cell phones easier to use, for both the elderly and the illiterate. Moreover, the software it develops will be open-source, so all governments and businesses can take advantage.
"As the population in Europe and North America ages, the need for specialized mobile devices will become acute," Ben Wood, research director at British consultancy CCS Insight, told Reuters. "Phone makers will have to adapt if they want to appeal to a generation that has grown up with mobile devices, but can't use them in the ways they used to."
In other words, the conventional "wisdom"--make the buttons bigger! make the ringtones louder!--is old news.
[Story via Reuters; image via AARP]
- Photographer Andreas Gurksy's Ocean Series Was Shot From Space

Photographer Andreas Gursky is known for capturing massive, impossibly-large subjects, but for his latest project, not even the widest-angled lens on the planet would do. In a new show that opened last week at the Gagosian Gallery in Beverly Hills, Gurksy worked for the first time with satellite imagery as his raw materials for the series named Ocean.
According to the exhibition text: "In their darkly nuanced surfaces, he has worked to reconcile the division between the machine eye and the human eye, continuing the debates and practices begun in the nineteenth century regarding photography and the issue of artistic expression versus objective science."

In a second gallery, Gurksy has collected some of his other well-known works, like this piece, Pyongyang I. A documentary film about his life will also be screening at the space.

The prints complement a new addition by the architect Richard Meier, who added 5000 square feet to the existing gallery, also designed by Meier in 1995.

Meier added a curved wooden ceiling, skylights and a rooftop deck. The Gurksy installation is up through May 1. The Meier installation is, of course, permanent.
Installation photos by Josh White
[Gagosian]
- Why the End Times Might Reek of Methane
What does a climate change "tipping point" look like? We may be about to find out first hand.
Carbon dioxide isn't the only greenhouse gas out there. Other substances, such as water vapor and nitrous oxide, also trap heat to varying degrees. Discussions about global warming focus on CO2 for a couple of key reasons: the first is that human activities have demonstrably increased carbon dioxide; the second is that the other gases tend to cycle out of the atmosphere pretty quickly. For the most part, unless there's a sudden, massive increase in the amount of the other greenhouse gases, we can safely focus on CO2.Well, guess what?
Scientists from Alaska's International Arctic Research Center, the Russian Academy of Sciences, and Stockholm University have published an article in Science magazine indicating the discovery of a startlingly large amount of methane coming from the East Siberian Arctic Shelf--methane that was thought to be frozen, in the form of methane clathrates. How much methane? An amount equivalent to the total of methane coming from the rest of the world's oceans. The key paragraph, from the National Science Foundation press release:
They found that more than 80 percent of the deep water and more than 50 percent of surface water had methane levels more than eight times that of normal seawater. In some areas, the saturation levels reached more than 250 times that of background levels in the summer and 1,400 times higher in the winter. They found corresponding results in the air directly above the ocean surface. Methane levels were elevated overall and the seascape was dotted with more than 100 hotspots. This, combined with winter expedition results that found methane gas trapped under and in the sea ice, showed the team that the methane was not only being dissolved in the water, it was bubbling out into the atmosphere.Okay, it's a lot of methane... so what?
Methane--CH4--actually traps a significantly greater amount of heat than does CO2. The NSF article cites it as 30 times greater greenhouse impact than carbon dioxide, and I've seen references between 20x and 72x, depending upon how it's measured. Regardless, this is a big difference, and the amount of methane frozen under the Siberian permafrost can be measured in the millions of tons (up to 70 billion tons across the entire permafrost region). If the East Siberian methane melts, it would be akin to tripling the amount of CO2 in the atmosphere, raising temperatures around the world by 8-10° C, and arctic temperatures by 20° C by the end of this century. That would be very, very bad, like you-really-don't-want-to-go-there bad.
It turns out, in fact, that one of the biggest mass extinctions in Earth's history has been tied to a rapid methane clathrate melt.
You see, the East Siberian methane is fairly close to the surface; as temperatures rise, methane clathrates deeper down will start to melt, making temperatures go up faster, melting even deeper stores of methane ice, and so on. It's a runaway feedback loop--what some folks call the "clathrate gun." This whole process would take just a few decades. Melting methane clathrates are pretty much the scariest of the so-called "tipping point" effects of anthropogenic global warming. We don't need to burn every fossil fuel on the planet to make something awful happen, we just have to burn enough to start to thaw out methane ice, and natural processes take it from there.
There are two immediate questions we need to answer:
1) Does this study show us that there's a runaway methane event underway? The short answer is no. This is the first detailed study of methane concentrations in the region, so we don't know for sure whether the methane concentrations are increasing slowly, increasingly quickly, or not increasing at all. That the amount of methane is so disproportionate (and is higher than amounts found in ice core samples from thousands of years ago) suggests that something is happening, but in my expert opinion, it's not yet time to panic.
2) What can we do about it? It depends on how fast the methane clathrates are melting. If they're melting slowly, our best bet would be to do everything humanly possible to cut anthropogenic carbon emissions to zero. We have to avoid pushing the climate into a runaway methane tipping point; the faster we cut our carbon emissions, the better chance we have of avoiding this catastrophe.
If the methane clathrates are melting quickly, however, the story gets more complicated. Although we'd want to get to zero as quickly as we could, because of the carbon we've already put into the atmosphere--which keeps warming us--and because of ocean thermal inertia--the pace at which the ocean warms up and cools down--we'd still see another few decades of warming. Simply going to zero wouldn't be enough to avoid a methane runaway, if the clathrates are already melting quickly.
This is where the desperation moves come in. It's quite likely that, for many people, a clathrate melt would mean geoengineering goes from being a "Plan B" to "Plan Ohmygodyouhavetostartdoingthisnow." At the very least, we would need to step up the study of how temperature-management geoengineering would affect the overall environment, because there's a very good chance we'll want to use it.
We also would want to look at ways to remove the methane from the oceans and the atmosphere. I have a long post over at my main blog detailing what this would entail, but it's enough to say here that while it wouldn't be easy, it looks like it might be possible. This would have its own side-effects, too, of course... but probably not as bad as a mass extinction event.
The big lesson here is that the Earth's environment is a fantastically complex system, and changing one parameter--in this case, the temperature--can have effects far beyond what a simple straight line extrapolation would suggest. If we're lucky, follow-up studies will show that the methane emissions are either stable or only growing slowly, giving us enough time to upgrade how we live without having to do anything risky. But even if this is the case, good luck can't hold on forever.
(For more details on the effects of rapid methane melts, see this piece at Climate Progress, and this piece at Worldchanging.)
- Clavilux 2000 Turns Any Keyboard Performance Into an Infographic
Using a keyboard and data visualization software, the device translates the notes into a real-time graph.

The Clavilux 2000, a gizmo invented by Jonas Heuer, turns any piece of music played ona keyboard into a dynamic piece of information art. It's a pretty simple set-up: The midi-signals from the synthesizer are run through vvvv, an free tool for creating live visualizations. The outputs are then visualized with a projector:
What you'll notice in that video is that every note played appears as a stripe of color. Length and vertical position show the force of impact, while width shows how long the note played; the colors correspond to various tonalities. (Discordant notes are marked in contrasting colors.) Thus, the more tonal variations a piece has, the more colors will show up. When a piece is over, the visualization remains, as a visual summary of the music that was just played--what notes were played most, which were loudest, and what harmonies the piece revolved around.
[Via Arbitare]
- Infographic of the Day: Arms Sales Around the World
Business is booming!

We're all dimly aware that America's defense contractors sell weapons around the world. But you'd probably be surprised at just how huge a business it is: The U.S. accounts for nearly 70% of weapons exports around the world, and the market comes to over $55 billion.
All that information is laid out in a useful new infographic created for GOOD by Column Five Media. Here, for example, are the items that are the hottest sellers on the international market:

But what might be most troubling is that our old BFF's Saudi Arabia--a petro-monarchy with deep ties to Washington, where domestic charities regularly fund terrorism--are the biggest arms buyers, having accrued nearly $37 billion in foreign arms between 2001-2008.
Check out the entire chart at GOOD.
- Crib Sheet: Padmasree Warrior, CTO of Cisco Systems
Cisco's big announcement recently about how its new product was going to change the Internet for the better got the tech community very excited--not to mention the financial world, as the company's share price rose to a 52-week high. And then, yesterday, they launched the thing--a datacenter-level router that should give mobile Internet a bit more "poke." But for some time, Fast Company has known that, for Cisco's shares to go through the proverbial roof, would be somehow to clone its CTO, the absolutely brilliant Padmasree Warrior, and make her available in every home.Ms. Warrior (who recently said on Twitter that if she'd had a choice in her own name, it would have been "The") truly is the future of the tech industry. Basically, she's the human face of all those big, swinging tech players who we all revere but somehow wonder just how normal they are. A working mother, she was born in India and moved to the U.S. after gaining a BS at the Indian Institute of Technology in Delhi. Just 16 at the time, she describes it as the major transition of her life, "more than being CTO of Cisco or coming to the U.S., because I was very young."
"I visualize work and family as incongruent and in conflict with each other. It's tough, but I try to maintain this seamless integration (of family, community, self and work.)" She's on the board of Chicago's Joffrey Ballet and the Museum of Science and Industry, and holds a bunch of directorships. She spends her free time (just how much has she got these days?) with her family and friends, and, given that's she's gone on record as saying she likes going to concerts, we thought we'd spice up her Crib Sheet with a bunch of lyrics. Extra points to commenters who can identify the artists.
This is Major Tom to ground control, I'm stepping through the door, And I'm floating in in the most peculiar way: "I am still commuting back and forth, my family lives in Chicago. Hopefully I will get more proficient in going back and forth between the two cities." One thing that Cisco's teleconferencing tech can't solve, it seems.
Flew in from Miami Beach BOAC, Didn't get to bed last night: Last month, Warrior was part of a U.S. delegation to Russia, alongside Ashton Kutcher and Jack Dorsey of Twitter, Rumors of Cisco Systems' acquisition of ChatRoulette have yet to be substantiated--although we could start the ball rolling right here.
War, Hurghhh! What is it good for? Absolutely nothin' (say it again): "Biological warfare debases my concept of humanism."
Three (Is the magic number): The most influential people in her life are her parents and her husband. "My Mom taught me the power of love. I learned to focus on the long-term big picture from my father. His sense of humor and light-hearted approach always make me smile. My husband is a pivotal anchor in my life. His influence encourages me to be independent and take risks."
Years go by, I'm lookin' through a girly magazine, and there's my homeroom angel on the pages in between: "If I had to pick three of my favorite magazines they would be Fast Company, Silicon India, and Smithsonian.
Got no butler, Got no maid, Still I think I've been overpaid: "I would have dinner with P.G. Wodehouse. I have read all of his books at least ten times over. I am a great fan of his character Jeeves, the English Gentleman's perfect valet. His intellectual brilliance and audacious sense of humor fascinate me. Dinner with P.G.W. sounds simply scrumptious."
Buy it, use it, break it, fix it, Trash it, change it, mail - upgrade it: "Tech is all about building human connections."
Let me sleep all night in your soul kitchen, warm my mind near your gentle stove: "It seems in my home all important decisions are made in the kitchen:) Is the kitchen the center of gravity in your home?"
On your video phone, make a cameo, tape me on your video phone, I can handle you: "I'm most excited by the evolution of entertainment and content over the next five years. In the past five years we saw it go from passive consumption to on demand, and going forward it's always on demand and that's where the mobile comes in. The screen is going to be with you, no matter where you are."
Face to face my lovely foe, mouth to mouth, raining heaven's blows: "If we had our way, [a virtual World Economic Forum] would be a year or so [away.] But in some cases, you really do need to meet and talk."
[Via ZDNet.com, Beet.tv, WITI, livemint.com. Photo via Twitpic]
- How to Write a Mission Statement That Doesn't Suck [video]

I want to show you why most mission statements are so terrible.
Let's say you founded a pizza parlor. And your first idea for a mission statement is something like this: "Our mission is to serve the tastiest damn pizza in Wake County." That's pretty good. If I worked for you, I could get excited about that. Now here's how it will go off the rails.
[twistage 0fd64afa78711]
So you'll call your colleagues around the conference room table to unveil the mission, and all of the sudden, these people that you like and respect are going to transform into 10th-grade English teachers, nitpicking every word. Everybody starts chiming in with opinions: "Hey, I really like the word 'present' better than 'serve,' it has a nice resonance." And someone else will say, "Well, we obviously can't say 'damn,' that's just offensive." And so it begins. And as you go around the table, your mission statement will be pecked to death.
We can't limit ourselves to Wake County--and also, it's not just tasty pizza right, it's about freshness--we should say "high quality" not tasty.Isn't it weird that we mention pizza but not our great salads and calzones? What if we changed it to "highest-quality Italian food"?That's good but even "Italian" seems limiting--what if we decide to move into gyros?Hold the phone, people, we haven't even mentioned the great family atmosphere--the coloring books and big comfy booths and all that.Great point--you know what we're really doing here, at the end of the day? We're providing a family "entertainment solution!"Yeah, solution!NAILED IT.[Dan] Everyone's excited now. You're almost there. And then Steve at the end of the table pipes up ... [Steve] Listen, guys, we haven't mentioned anything about integrity. That's what it's all about, at the end of the day. Integrity.And is anyone at the table gonna go to the mat against including "integrity?" Nope. So it's in. And presto--there's your new mission statement:
"Our mission is to present with integrity the highest-quality entertainment solutions to families."
That's what 99% of the world's mission statements sound like, and I think you see the trap here--getting so vague and fancy with the language that it just becomes meaningless. Here are 2 ways to avoid it:
Use concrete language. Check out this mission statement from SonicBids, a fast-growing small business: "We want to help musicians get gigs, and promoters book the right bands. ... We're a bunch of people who think that music can truly change the world and make it smaller and better. ... We believe that independent music belongs everywhere: on festival stages; in video game consoles; on film screens; in college theaters; on the radio; in advertisements; on club stages and at sporting events." Wow. It gives you a picture of what they do and tells you why it's worth doing.
Talk about the why. Most mission statements are all statement and no mission. The whole point is to say why you're doing what you're doing. What makes you care? Look at the start of Johnson & Johson's famous credo: "Our first responsibility is to the doctors, nurses, and patients, mothers and fathers and all others who use our products and services." Well, okay, that's worth getting out of bed for. Compare that with ExxonMobil's. Did you feel that? A little part of your soul just died, reading that.
So you've seen why bad mission statements happen and two tips for making yours different. At our home Web site, I've put together some other resources for you to check out, if you're interested. And in the meantime, let me challenge you to do the impossible: Write a mission statement that means something. And I'll give you a hint: If it contains the word "solution," you're not there yet. Thanks for watching.
For More on this topic: Download this document Chip and I developed: "5 Tips for a Sticky Strategic Vision." Here's a funny and illuminating review of a book on Mission Statements. My opinion is that most organizations would benefit more from setting a clear, ambitious goal than from crafting the perfect mission statement. On that front, check out Collins and Porras's work on setting a BHAG (Big, Hairy, Audacious Goal)--here's the original piece (for free) and a helpful overview with lots of examples. (Bonus: here are some audio resources from the guru Jim Collins himself.) And, for inspiration: The J&J Credo. (Many observers credit the Credo with helping to shape J&J's admirable response to the Tylenol-poisoning crisis in the 1980s.)
- Is Milfhunter.com Appropriate Laptop Fare on Flights? Survey Says...

Asked by TripAdvisor in its second annual air travel survey what they'd do if their next-door neighbor were accessing inappropriate content on the in-flight Wi-Fi (not, one assumes, the movie Airplane!), 22% of respondents said they would ask the person to close the offending material; 6% would complain to the airline; but 27% would alert a flight attendant.
The follow-up questions--namely, just what would they ask the trolley dolly to do, especially if he or she were a hottie--were not, it seems, deemed important enough for TripAdvisor.
While the survey dealt a lot with airline fees, the online travel site threw up a few other interesting titbits on a whole host of topics, from A(irports) to (si)Z(e). In a nutshell:
A quarter of respondents named legroom as the biggest pet peeve.56% expected airline fees to increase this year, citing the non-carry on baggage costs as most annoying.74% thought that fatties should be made to buy two seats, with over one-fifth expecting (hoping?) airlines to start charging extra for the overweight.In-Flight Wi-Fi is a big draw for passengers, with 30% more likely to book a flight on a Wi-Fi supporting flight. 61% wouldn't pay extra for the service, while 27% would pay $5 or less for it.Over half of those polled prefer to travel with just cabin baggage, citing the extra fees as a reason.79% are not bothered by airport scanners that strip you of your dignity.Smalltalk: 73% want a little, 12% want none.The gender of the person in the seat next to you is unimportant for 65%, but of the 35% who did care, 87% would prefer their seatmate to be a woman.Over half the respondents would rather have an aisle seat.The usual gripes about airports came up as well. Snaking security lines, food prices and lack of seating, and 95% of the 3,200 Americans polled thought that there should be a price limit on water, since airport rules forbid passengers to take bottles through security.
[Via TripAdvisor. Image Via Gizmodo]
- EA Sports Active 2.0 Will Measure Your Heartbeat, Share Your Data, and Work on Your iPhone

Given the roaring success of Wii-exclusive EA Sports Active, the hardcore workout video that masquerades as a video game, a sequel was pretty much inevitable. Thankfully, this one's more Dark Knight than Electric Boogaloo.
The new, improved EA Sports Active will include a heartbeat monitor that straps around your arms and one of your thighs. But instead of just showing you how hard you're working--as if you need another numerical reminder while you're dripping in sweat--it senses your motions, and translates them into actions in the game. It's similar to Wii Sports, only you can use your whole body, not just a handheld remote, to jump and shoot hoops.
There's also an online hub, where you can store fitness data and download new workouts. You can also use the site to share workout progress with your friends--instead of, say, posting rapidfire updates on Twitter and Facebook about how many calories you've burned or miles you've run. (I'm happy for you. We're all happy for you. Now stop making me feel so lazy!)
EA Sports Active 2.0 hits stores this fall, with expanded versions for the PlayStation 3, iPod Touch, and iPhone. There's no word on how, exactly, the game's technology will integrate with the mobile platforms, but EA promises that it "will go with you wherever you are." Sounds awesome...and omnious.
[Via GamesBeat]
- South Korea Unveils "ReCharging Road" for Eco-Friendly Buses

We've covered sustainable urban developments in Seoul before. On Tuesday researchers launched an environmentally friendly public transport system using a "recharging road"-- with a vehicle sucking power magnetically from buried electric strips.
The Online Electric Vehicle (OLEV), towing three buses, went into service at an amusement park in southern Seoul. If the prototype proves successful, there are plans to try it out on a bus route in the capital.
The Korea Advanced Institute of Science and Technology (KAIST), which developed the system, says OLEV needs a battery only one-fifth the size of conventional electric vehicles and eliminates the need for major recharging.
It also avoids the need for overhead wires used to power conventional trams or trolley buses.
Guests including Seoul Mayor Oh Se-Hoon and KAIST President Suh Nam-Pyo were given a 1.4-mile ride Tuesday around the zoo at Seoul Grand Park.
Recharging strips have been installed in four segments totalling about a quarter of a mile along the route.
Pick-up equipment underneath OLEV collects power through non-contact magnetic charging from strips buried under the road surface. It then distributes the power either to drive the vehicle or for battery storage.
If the system is used on Seoul bus routes, underground power lines would have to be installed on only 20% of the route at places like bus stops, parking places, and intersections, KAIST said in a statement.
The technology was first developed in a project involving the University of California-Berkeley, but KAIST said that produced no tangible results.
The state-funded institute says it has applied for more than 120 patents in connection with OLEV, which it describes as safe, clean, and economical.
"Of all the world's electric vehicles, this is the most economical system," Suh told reporters, adding the operating cost is only about one-third of ordinary electric vehicles. "The potential for application [of this technology to public transport systems] is limitless. I dare say this is one of the most significant technical gains in the 21st century."
Suh said KAIST plans to use OLEVs to shuttle delegates at the G20 summit that Seoul will host in November.
For more climate and energy coverage check out Grist.orgIncluding: Dear Vinod Khosla & Tom Friedman: No Amount of Sequestration Will Make Coal Clean
- Govt Considers Free(ish) Broadband for All. Err...
Next week sees the release of the Government's National Broadband Plan, in which it briefly outlines a "broadband for all" idea (something that our U.K. readers might remember from the British Government's Digital Britain report of 2009.) The FCC is proposing that free or low-cost wireless spectrum be set aside in an attempt to get the 93 million or so Americans who are currently without broadband in their homes. In an effort to keep the costs low, they're looking to the private, not-for-profit, and philanthropic sectors.While admirable--and typically forward-thinking from the Obama administration--there's a small flaw to the plan. No ISP in its right mind would be happy about this, and their lobbyists will kick up a right old stink in D.C.--or squash the functionality of the free service until it's barely useable.
Given the huge amount of entertainment the Internet now provides, it's becoming increasingly hard to view broadband as a utility. However, you can't argue with FCC Chair Julius Genachowski's warning that, without computer literacy and Internet access, there is a danger of "a new category of second-class citizens."
Alongside this hot potato, the National Broadband Plan is also proposing measures to combat digital illiteracy, with an Online Skills Portal and a Digital Literacy Corps. Congress gets to hear the plan next Wednesday, March 17.
[Via Electronista and ZDNet.com]
- Battlestar Galactica Coming Soon to Fight With Star Wars and Star Trek MMOs
Bigpoint and Unity Technologies announced on Tuesday that Battlestar Galactica Online will be released this Fall. The MMO (massively multiplayer online game) will debut on Syfy Channel's site first, as a 30-day exclusive, and will use browser-based 3-D software Unity. "We've always felt that Battlestar was the perfect IP for gaming. It's got all the elements that you would want: The various classes of characters, and weaponry, and ships, and dramatic storyline, and big worlds to play in," said Bill Kisper, the GM of the digital platforms group at Universal Partnerships and Licensing.

Players will be able to play as either humans or Cylons, in both ship combat sequences and away missions on planets. The developers are working closely with the production company at Universal that is behind the show, sharing sound and computer assets, and possibly more, "There will really be a link between the show and the game itself, with the characters and storyline. It's not just some starships flying around in orbit and we call it a Battlestar game," said Heiko Hubertz, CEO of Bigpoint. Details about what characters and stories from the show will be featured in the game will be forthcoming.
But can the game succeed in a market that feature both the recently launched Star Trek MMO and the coming Star Wars: The Old Republic MMO? Kisper said, "It's a crowded and competitive space. We're a little bit different because, while those are more of a traditional MMO with a box product and an on-going subscription, we are coming into the browser-based space. We thought that made sense for Battlestar Galactica because the fanbase for the show is quite broad and spans a number of different demographics. We wanted to make it more accessible."
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Entrepreneur.com: Latest Articles
- Misleading Marketing Copy
You may be tempted to use them, but avoid these phrases in your advertising and marketing materials.
- 5 Global Business Books to Read Now
These recent releases will catch you up on what you need to know about the global marketplace.
- Creating a Culture of Respect
Developing positive and open relationships at work depends on the way we talk--and listen.
- Promoting Affiliate Products
To compete effectively in large markets for affiliate products, you need to focus, focus, focus.
- Distinguish Yourself to Reporters
Little things can make a big difference. Here are 5 tips worth employing.
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Use this simple worksheet for planning a year of successful marketing.
- From Gamer to Gym Rat
Now gamers can play while getting in their gym time, too. And we're not just talking about the Wii.
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Employee reviews should benefit both of you. Here's how to make the most of them.
- Attracting Success in the New Year
Letting go is a resolution that will save you time, money and heartache in the long run.
- A Guide to Goal Setting
Transforming resolutions into results comes with being realistic.
- Top 10 Reasons for Buying a Franchise
Here's how franchises can offer you a jumpstart toward owning your own business in 2008.
- Stitch In a New Business Idea
Learn how to take your textile invention from idea to reality.
- E-mail Marketing Resolutions
Implement these 5 goals for a great new year of e-mail marketing.
- New Year, New Payroll
The end of the year could be the right time to transition to outsourced payroll.
- Volunteering as a Benefit
Learn how some companies are offering employee volunteer programs that are motivating and retaining current employees, and attracting new ones.
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Financial Times - US homepage
- Pandit sees revival of Citi?s fortunes
Vikram Pandit, Citigroup?s chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mark a sharp revival in Citi?s fortunes - BP in talks to buy Devon assets for $6bn
BP is set to make its first move into the deep waters off the coast of Brazil, one of the world?s most exciting areas for oil exploration, with a $6bn deal to buy international oil and gas assets put up for sale by Devon Energy of the US - US suspended BAE Systems? licences
Washington is likely to allow the US subsidiary of the UK defence company to obtain export licences as before, following the group?s $400m plea agreement over bribery allegations - Mexico?s Slim heads Forbes rich list
Carlos Slim, the Mexican telecommunications billionaire with a net worth of $53.5bn, has been crowned the world?s richest person by Forbes magazine ? the first time in 16 years the post has been held by a non-American. - Geithner warns of rift over regulation
Tim Geithner, US Treasury secretary, has delivered a blunt warning to the European Commission that its plans to regulate the hedge fund and private equity industries could cause a transatlantic rift by discriminating against US groups - US consumer protection deal near
Consumer protection, an issue that has led to gridlock in talks about financial regulatory reform, was closer to resolution in the Senate banking committee - Stocks edge higher on hopes for global economy
Global Markets Overview: FTSE All-World index remains becalmed near six-week highs, with stock investors reluctant to push riskier assets higher without a fresh catalyst - Shinsei in capital drive as merger falters
The Japanese bank is preparing to raise about Y75bn in fresh capital as a merger with a rival domestic lender once seen as a lifeline is in danger of collapse - Ex-Cazenove partner guilty of inside deals
A jury convicted Malcolm Calvert on five counts of insider dealing relating to three stocks, but he was acquitted on seven other counts - Fears of China property bubble grow
Chinese real estate prices accelerated last month, rising by their fastest pace in two years despite government efforts to cool the market amid fears of a looming property bubble
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Kiplinger.com - Investing
- 4 Great Global Funds
Consider these funds if you can invest in them through a 401(k) or adviser so you can avoid the sales charge.
- 3 New Funds From Proven Managers
These tested individuals have launched new offerings for investing in currencies, global small caps and emerging markets.
- Loomis Sayles Bond Is Back
After a painful year of losses, this fund’s bet on corporate bonds has paid off. Now management is growing cautious.
- Why We're Not Endorsing This Kid-Themed Fund
Bob Bacarella's Monetta Young Investor has some good features, including a tuition-reward program, but we're not sold on the fund or the manager. - How Bob Bacarella Promotes His Fund
The manager of Monetta Young Investor has been touting its strengths in unusual ways. - 7 Value Stocks The Pros Like
Speakers at the Value Investing Congress made the case for their best picks. - 5 Merger Funds With Steady Returns
If you want to dabble in merger arbitrage, leave it to the experts who run these funds.
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Kiplinger.com - Your Money
- Janet Bodnar Makes the Scene on Twitter
The editor of Kiplinger’s Personal Finance is adding followers and generating buzz on the popular social-networking site. But what does it all mean?
- Switching Money-Management Software
Users of the discontinued Microsoft Money will find it easy to swap to Quicken.
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Kiplinger.com - Kiplinger 25
- Akre Focus Joins the Kiplinger 25
Chuck Akre’s experience is the key factor in our decision to replace FBR Focus.
- The Kiplinger 25 Recovers
As bad as 2008 was, our favorite funds are having a banner 2009.
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MarketWatch.com - Stocks to Watch
- Stocks to Watch: Stocks in focus for Thursday
Among the companies whose shares are expected to see active trade in Thursday?s session are National Semiconductor, Smithfield Foods and Aeropostale. - Stocks to Watch: Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in Wednesday?s session are American Eagle, Men?s Wearhouse and Gymboree. - Stocks to Watch: Stocks in focus for Tuesday
Among the companies whose shares are expected to see active trade in Tuesday?s session are Kroger, Collective Brands and J. Crew. - Stocks to Watch: Stocks to Watch for Monday
H&R Block Inc., TiVo Inc. and Casey's General Stores Inc. are among the companies whose shares are poised to see active trading on Monday. - Stocks to Watch: H&R Block, Tivo, Casey's General Stores
Among the companies whose shares are likely to see active trading Monday are H&R Block, Tivo and Casey's General Stores. - Stocks to Watch: Stocks in focus for Monday
Among the companies whose shardes are expected to see active trading Monday are H&R Block, Tivo and Casey's General Stores. - Stocks to Watch: Stocks in focus for Friday
Among the shares expected to see active trade in Friday's session are those of Standard Motor, Marvell and Sprint. - Stocks to Watch: Stocks in focus for Thursday
Among the shares expected to see active trade in Thursday?s session are those of Wendy's/Arby's, Del Monte, Ciena and Urban Outfitters. - Stocks to Watch: Stocks in focus for Wednesday
PetSmart, Foot Locker and Costco. are among the companies whose shares are expected to be active during Wednesday's trading session. - Stocks to Watch: Stocks in focus for Tuesday
Among the shares expected to see active trade in Tuesday's session are those of Staples, Autozone, Hovnanian and Ford.
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MarketWatch.com - Commentary
- Therese Poletti's Tech Tales: Google seeks cities for high-speed hookup
All across America, mayors are jumping into lakes, temporarily changing city names and creating Facebook fan pages, in an effort to woo Google Inc. and its broadband network trial. - Simon Constable: Buy-and-hold dead in stop-and-go economy
Those pesky 1970s with their financial troubles just won't seem to go away, writes Simon Constable. - MarketWatch First Take: American Eagle sticks with teens
American Eagle Outfitters is making good progress on its turnaround so far, dumping a concept for an older demographic. - MarketWatch First Take: Swap reform's time has come
Obscured from the public view through their complex structures, regulators are finally shedding much needed light on credit swaps, those financial instruments that allow investors to bet against underlying securities such as mortgages or sovereign debt. - MarketWatch First Take: As pound falls, U.K. companies become predators
The British pound's fall has been accompanied by a perhaps surprising development -- U.K. companies becoming predators. - Jon Friedman's Media Web: A Pulitzer for the Enquirer? Why not?
Should the National Enquirer be considered for a Pulitzer Prize? Jon Friedman says yes, let the best reporting win. - MarketWatch First Take: Deconstructing the refining sector
The problem facing Chevron, and almost everyone else in the world of Big Oil, is that the price of crude oil has been rising faster than they can jack up fuel prices. - MarketWatch First Take: Economic worries loom for investors
If Wall Street climbs the proverbial ?wall of worry,? investors are digging in for a stronger toehold. - MarketWatch First Take: Cisco hype seems to work with investors
Cisco Systems Inc did not unveil a new smartphone or e-reader Tuesday, though the hype surrounding the company in recent weeks was more indicative of those types of products as opposed to the rather boring network equipment the company is known for. - MarketWatch First Take: Good news! Moody's may cut U.K. bank ratings
U.K. banks may be heading for rating cuts from Moody?s Investor Services. Hevily state-supported banks aren't taking it well. But it may well be good news more broadly.
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MarketWatch.com - Top Stories
- Chances missed at GMAC to protect taxpayers: panel
The Treasury Department missed valuable opportunities to protect taxpayers as part of its $17.2 billion bailout of auto-lending company GMAC, a congressional watchdog group says in its latest report. - Therese Poletti's Tech Tales: Google seeks cities for high-speed hookup
All across America, mayors are jumping into lakes, temporarily changing city names and creating Facebook fan pages, in an effort to woo Google Inc. and its broadband network trial. - Simon Constable: Buy-and-hold dead in stop-and-go economy
Those pesky 1970s with their financial troubles just won't seem to go away, writes Simon Constable. - Economic Report: China's consumer prices rise more than expected
China's consumer price index accelerate to a pace of 2.7% in February from the year-earlier month, driven by a surge in food prices. - Sony unveils PlayStation Move motion controller
Sony lifts the wraps on its new motion-control video game system called PlayStation Move, which is expected to hit the market later this year. - Economic Report: Australia unemployment rate matches forecast
Australia?s unemployment rate climbs in February, with the result matching market forecasts, although a disappointment in the number of jobs created sends the Australian dollar lower. - After Hours: Gymboree up after forecast; Men's Wearhouse down
Shares of Gymboree Corp. climb as the higher end of the company?s forecast tops Wall Street?s projection, while Men?s Wearhouse Inc. shares fall after the clothier?s quarterly sales come in lower than expected. - Economic Report: Japan growth revised down, as deflation deepens
The Japanese government revises fourth-quarter gross domestic product growth down due to slightly weaker corporate capital expenditures and private inventories, and also tweaks downward a gauge measuring prices to show record-deep deflation. - Stocks to Watch: Stocks in focus for Thursday
Among the companies whose shares are expected to see active trade in Thursday?s session are National Semiconductor, Smithfield Foods and Aeropostale. - Personal Finance Daily: Banks will find ways to replace overdraft fees
Bank of America said it will soon prohibit most debit-card transactions if the account owner doesn?t have money in his or her account, and other banks are expected to follow suit ahead of new rules that will require banks to alert customers before covering an overdraft.
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Fool.com Headlines
- Sasol's Status Quo: Good News or Bad?
It's ugly out there, but the company's well-girded. - Weekly Walk of Shame: Apple
This isn't the Apple I've come to know and love. - Are Annuities Ever Not Stupid?
Only in one rare instance. - Stocks That Keep Paying You Back
You can't ignore these stocks right now. - Yeah, Cisco Changed the Internet -- Again
But it's a change with delayed payoff. - One Animal of an M&A Deal
Merck and Sanofi rekindle their animal love. - Fearful Stocks for Greedy Investors
A Fool peers in through Wall Street's out door. - Is Boeing a $100 Stock?
Yes. And that's just the start of the good news. - What Chinese Housing Bubble?
China's real estate market is still blazing. - Up 160% With Room to Run
You've got to love biotech. - Is Sirius XM a Buy?
Satellite radio has been on fire over the past year, but your portfolio may be fire retardant. - You Paid How Much for That?
Abbott steps up where Biogen Idec wouldn't. - Now's the Time to Buy American
A paradigm shift is under way, and it's happening here. - Is Your Dream Stock Really a Nightmare?
You'll want to find out. - 5 Tech Survivor Traits
Come with me if you want to live. - The Best Stocks to Buy in This Market
They may not be the ones you're thinking of. - Avoid the Shiny Happy Morons
What to look at when you're looking ahead. - What the Bubble Taught Us About Tech
It's always darkest before the dawn. - Fool TV: How Many Stocks Should You Own?
- This Stock Has Tremendous Upside
And where to look for other "Black Swans." - 5 Stocks Shaking the Market
These stocks have been looking up over the past 30 days. - 10 Reasons You Should Buy This Stock Today
This is not a David Letterman list, but it's still quite compelling. - The Best Stock Idea I've Ever Seen Is No More
But there are others to take its place. - 5 Stocks Making Cash
These stocks have a proven history of generating lots of free cash flow. - Charlie Munger on How to Become Rich
Simple lessons from a great investor. - The Buying Opportunity You Won't Want to Miss
One hot market just got a whole lot more interesting. - 3 Highly Rated Stocks on Sale
These highly rated stocks had a big price cut in the past month. - This Stock Is Absolutely Worthless
Even its management says so. - This Just In: Upgrades and Downgrades
JP Morgan calls "lights out" on solar. - Google's Next Billion-Dollar Business?
What are the evil geniuses at Google cooking up with Dish Network? An assault on your living room, of course. - Secrets of the World's Wealthiest People
Three things you can do that will help you achieve your goals. - One Reason Stocks May Stall
Mutual fund managers have empty pockets now. - Which Large Bank Is a Target?
A major foreign bank goes on the hunt for a U.S. prize. - What's This Company Doing Searching for Gold?
Contango steps outside its usual exploration territory. - How Buffett Scored a Massive Advantage
A potent lesson from a powerful investor. - A Key Representative Weighs In on Financial Reform and Health Care
Paul Kanjorski talks to the Fool about what needs to change and what needs to get done on Capitol Hill. - Bing and Google Gang Up on Yahoo!
The latest gains and losses in the search engine biz. - Are You Ready For the Next Leg of the Bull Market?
This market expert thinks more gains are on the menu. - After the Bubblin'
There is life after death in investing. - 5-Star Stocks Poised to Pop: Transocean
Market-trouncing returns could be written in these five stars. - The Best Bargain You'll Find Right Now
Options have never been cheaper. - This Strategy Will Save Your Retirement
It's not just about income. - E*TRADE vs. Lindsay Lohan
The discount broker is being sued by the "Mean Girls" star. - A Big Upgrade for Coca-Cola Enterprises
This bullish call comes from more than just one analyst. - 4-Star Stocks Poised to Pop: ValueClick
Market-trouncing returns could be written in this 4-Star. - 2-Star Stocks Poised to Plunge: Tiffany?
Market-lagging returns could be written in these two stars. - An 80% Chance You'll Fail
Day trading is far less lucrative than it seems. - What You Should Know About Berkshire Hathaway
Inside one of the greatest companies in the world. - 5-Star Stocks Poised to Pop: Teva Pharmaceutical
Market-trouncing returns could be written in these five stars. - Tuesday's Hottest Stocks
Yesterday's market is today's moneymaking road map. - A Triple in the Making
Learn to identify companies ready for a breakout. - The Coming Financial Time Bomb
The truth about the credit crisis. - Our Supercomputer Loves These Stocks
Revising the lessons of Garry Kasparov's historic loss to an IBM computer. - One Congressman's Solution for Boosting Small Business Loans
Congressman Kanjorski on lifting the lending cap on credit union loans to small businesses. - This Just In: Upgrades and Downgrades
Analysts search for spare change at Yahoo! - Is Yingli Green Energy Still a Top Solar Stock?
Some compatriots outshone the company this quarter, but the company's still globally competitive. - Don't Fall in Love With This Stock
When investing, you've got to check your emotions at the door. - Semiconductors Stay in High Gear
The weather report for the industry is in from Texas: sunny with a chance of limits on the supply. - Dream Stocks for Internet Investors
Make finding the best Internet stocks a reality.
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