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November 14, 2012
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Bold Ventures 
  • A fantasy sports entrepreneur's advice on pursuing your passion
    Taylor Caby, who says he used online poker to fund his college education, is now an entrepreneur who runs a fantasy sports website. Having big dreams is important when pursuing your passion, but it's also important to take it one step at a time, he said. "Set a small goal that is related to your career dream that you can spend one hour a day on for a short while," he recommends. "See where that gets you and then re-evaluate after you've had a chance to accomplish something small." BusinessNewsDaily.com (11/12) LinkedInFacebookTwitterGoogle+Email this Story
Leading the Pack 
Finance & Growth 
  • How to create an effective elevator pitch
    When developing your elevator pitch, you have to identify a problem, offer a solution and discuss the competition, Noah Parsons writes. "As you think about your competition and existing alternatives, think about what advantages your solution offers over the competition," he writes. You should also think about your target market and explain why your team will be able to get the job done. BPlans.com/Up and Running Blog (11/13) LinkedInFacebookTwitterGoogle+Email this Story
  • You've started up, so now it's time to budget
    Once the financial situation at your new firm starts to stabilize, it's important to start the budgeting process, Jeff Cornwall writes. Entrepreneurs can accomplish this by informing key personnel about the company's financial situation and emphasizing the flexibility of the budget. "Budgets in small businesses need to be a work in progress that can adapt to changing conditions, both good and bad," he writes. The Entrepreneurial Mind (11/12) LinkedInFacebookTwitterGoogle+Email this Story
The Whole Entrepreneur 
  • Salesforce founder: Entrepreneurs should give their money away sooner
    It's important to begin your philanthropic efforts during your career so you can control where the money goes, according to Marc Benioff, founder and CEO of Salesforce.com. "When it comes down to it, philanthropy isn't just about big gifts; it's about participation," he said. Benioff has focused on a "1/1/1" approach to philanthropy that has involved committing a small portion of employees' time and the company's equity and profits to charitable causes. Intuit Small Business Blog (11/12) LinkedInFacebookTwitterGoogle+Email this Story
Ideas for Innovators 
  • Awesome innovative products to keep an eye on
    Some recent innovations are focused on making the world a better place; others are designed to address minor annoyances. An example of the former is the LifeStraw, which can filter out almost all of the bacteria out of water, making it safe to drink. An example of the latter are the lazy glasses, which can allow users to read comfortably while lying down. Lifehack.org (11/13) LinkedInFacebookTwitterGoogle+Email this Story
  • Cannibalism and creativity don't mix
    Technological breakthroughs sometimes lead to "innovation cannibalism," making it harder for people to sustain creative models, argues jazz drummer and market analyst Mark Lambert. An example: The long-form, repeatable experience of records led music fans to listen carefully to whole albums, allowing innovative artists to gain a following, but modern digital downloads reward artists who serve up predicable hit singles to listeners with much shorter attention spans. "Eventually, it no longer becomes financially viable to release genuinely new music," Lambert says. InnovationExcellence.com (11/10) LinkedInFacebookTwitterGoogle+Email this Story
Fortune from Failure 
  • Emerging markets see the value of failure
    People in emerging markets are most likely to say that seeing failure in a positive light is a critical part of encouraging economic expansion, according to a study by Barclay's Wealth Insights series. More than 9 in 10 people surveyed in the Middle East shared that sentiment, compared with 71% of respondents in the U.S. "The U.S. and Europe may have dominated entrepreneurship in the second half of the 20th century, but the landscape is shifting," according to the report. Barron's (subscription required) (11/12) LinkedInFacebookTwitterGoogle+Email this Story
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SmartQuote 
Stand for something -- never sell out for a quick buck."
--Cherylanne Skolnicki, founder of Nourish, as quoted by Forbes
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