Before you start the workday, set aside a few minutes to clarify your priorities so you can hit the ground running, writes Jayson DeMers, founder and CEO of AudienceBloom. Also, resist the temptation to pursue every new idea you have, and confine email communications to specific blocks of time, he writes.
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The ride-sharing startup Lyft sees the turmoil surrounding its much-larger rival Uber as an opportunity to attract new riders, but it intends to do it carefully. Lyft's founders sent out a company-wide email saying, "This isn't a time to gloat."
The Trump administration plans to prevent the International Entrepreneur Rule from taking effect and set in motion the procedure for permanently repealing it, people briefed on the administration's plans said. The rule, which was approved during the Obama administration, authorizes the issuance of work permits to foreign-born startup founders if their companies have received $250,000 of capital from US investors.
Some industries require larger upfront capital investments than others, so determining whether your company has an acceptable burn rate will depend on the nature of your business model, writes Marissa Lowman. No matter what your business does, however, you may be able to protect your bottom line by hiring short-term help, purchasing used furniture for your office and applying to startup contests.
Before overhauling your brand, identify which elements need to be changed and do extensive research to fine-tune your approach, writes Firas Kittaneh, co-founder of Amerisleep. Perform a careful analysis of the financial aspects of the overhaul and reach out to your current customers, he writes.
Giving Travis Kalanick the chance to reform Uber's culture -- and his personal approach to leadership -- would have set a better example for the startup world than his resignation, writes Davia Temin. Companies can promote gender equity in many ways, such as by offering fair pay and mentoring opportunities, without having to replace their leadership team, Temin argues.