Startup may provide new insights into Alzheimer's | How to stand up to a bully when it's a client | Cost-cutting secrets for entrepreneurs
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March 14, 2013
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Bold Ventures
Startup may provide new insights into Alzheimer's
Alzheimer's diagnoses are made at a relatively advanced stage of the disease, but a startup called Neurotrack, which claimed the health prize at the SXSW startup accelerator, aims to change that. The company, which is built on research that began 25 years ago, uses a computer-based program to administer a test that can predict whether patients will be diagnosed with the disease in the following years. GigaOm (3/13)
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Leading the Pack
How to stand up to a bully when it's a client
Customers can be assets, but they can also be abusive, badgering and manipulative, writes Baron Christopher Hanson. Companies should analyze why they are being bullied, identify internal weaknesses and then implement change with a "cash register" focus, even if it means some customers go away. "To be clear, there is a difference between firing customers and queuing qualified prospects more carefully. The strategy is to prevent bad eggs from getting on the bus in the first place," Hanson writes. SmartBrief/SmartBlog on Leadership (3/13)
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Finance & Growth
Cost-cutting secrets for entrepreneurs
Saving money is important no matter where you are in your entrepreneurial journey, writes John Hall. Luckily, company founders can reduce costs in several ways, such as by engaging in comparison shopping and eliminating unnecessary expenditures. "If your employees see you spending wisely with company money, they will be more diligent about saving the company money as well," he writes. Forbes (3/13)
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How to boost the chances of success
Starting a business is never easy, but you can increase your odds of success by pursuing your passion and finding experienced individuals you can learn from, writes Joshua Medcalf. "Twitter and LinkedIn have made it much easier to build strategic relationships, so be sure to use those tools," he writes. Also, look for creative ways to keep your expenses low, he recommends. YoungEntrepreneur.com (3/13)
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The Whole Entrepreneur
Key characteristics of exceptional entrepreneurs
The most successful entrepreneurs tend to be resourceful individuals who are curious about how the world works and have managed to overcome obstacles, writes Lili Balfour, founder of Atelier Advisors. "If you were forced to overcome difficult situations in your formative years, and emerged stronger, you were preparing yourself to become an entrepreneur," she writes. The Huffington Post/The Blog (3/13)
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How to prepare for an upcoming speech
You can become better at pitching your startup by practicing in front of a camera and reviewing your performance, McAdory Lipscomb Jr. writes. Before tapping yourself, think about your presentation from the audience's perspective, he recommends. Determine what key information you want to convey, and make sure everyone in the audience will be able to see and hear your presentation. Inc. online (free registration)/MC Pitch Doctor blog (3/13)
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Ideas for Innovators
Practice (and failure) makes innovation easier
Professional athletes spends countless time repeating the basic motions necessary for their sports, and innovation similarly requires the conditioning of repetition, Jeffrey Phillips writes. "While it may be difficult to constantly practice innovation skills, it will become vital to become far more fluid with those skills, since the pressure to innovate isn't going to be reduced any time soon," he argues. Innovate on Purpose (3/12)
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Fortune from Failure
Why trying to make a quick exit can cause problems for your business
If you are focused on making a quick exit from your company, you are likely to concentrate on the short term, which can cause problems for your business, writes Brock Blake. "[I]f the dream of selling doesn't happen, all of the short-term decisions eventually catch up to you. ... [Y]ou wake up one day only to find that you have built an organization by plugging holes and juggling balls," he writes. Forbes (3/13)
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SmartQuote
Passion doesn't guarantee success, but a lack of it foreshadows failure."
-- Joshua Medcalf, founder of Train to be CLUTCH, writing at YoungEntrepreneur.com.
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