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November 8, 2012
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Bold Ventures 
  • New batteries help buildings cut energy costs
    A startup called Stem is seeking to help buildings reduce their electricity costs by using batteries to store energy that can be released when energy prices rise. "As battery prices and the prices of computing and data and bandwidth drop, we’re going to see these types of devices in every building in the world, whether it's in 20 or 30 years," said Brian Thompson, the company's executive vice president. MIT Technology Review online (11/6) LinkedInFacebookTwitterGoogle+Email this Story
Leading the Pack 
  • 10 traits that help in leading a company to long-term success
    Your skills and personality as an entrepreneur can affect whether your startup survives, particularly while your company remains small, according to research by Gallup. Among other attributes, successful entrepreneurs are willing to address challenges, are adept at promoting their enterprises and are capable of establishing positive relationships, according to Gallup. Gallup Business Journal (11/6) LinkedInFacebookTwitterGoogle+Email this Story
Finance & Growth 
  • How to work with your banker to get a loan
    If you need a loan for your business, it's important to plan ahead and to work to build a relationship with your financial institution, experts say. "The best relationships I've seen are when owners maintain an honest dialogue with their bankers about where their business is going, their challenges, or when they're having a bad month," John Hughes of Deloitte said. If you're getting ready to meet with your banker, you should prepare the proper paperwork, produce a business plan and be ready to demonstrate your knowledge of the market in which you operate. Financial Post (Canada) (11/6) LinkedInFacebookTwitterGoogle+Email this Story
  • 6 factors that can help a "freemium" business thrive
    Moving to a "freemium" pricing model can have a significant effect on your company -- one that could be positive or negative, Jules Maltz and Daniel Barney write. "While freemium is certainly not the right model for every company, when used wisely, it can be an extremely powerful tool," they write. If you're thinking of using a freemium model at your software company, it's critical to create a useful product, to understand where your customers are coming from and to ensure that the math involved will allow you to make a profit, they write. TechCrunch (11/4) LinkedInFacebookTwitterGoogle+Email this Story
The Whole Entrepreneur 
  • What not to do when you're working from home
    There are a lot of advantages to running your business from home, but there are plenty of potential pitfalls too. You should try to prevent interruptions from hurting your productivity and you shouldn't rely on your family for business advice. "Build a mastermind group of others with home-based businesses," small-business coach Anne Alexander advises. You should also avoid spending all of your time at home, which can lead to loneliness. Entrepreneur online (11/5) LinkedInFacebookTwitterGoogle+Email this Story
  • Founding a company and raising a family all at the same time
    A young company is in many ways like a child and you should keep this in mind as you decide whether you want to launch a startup while raising a family, Shilpa Dalmia of ActivityHero writes. It's a good idea to make your children feel included in your entrepreneurial endeavors whenever possible and to ensure that your financial situation is secure, she writes. "Remember, you are not the 20 year old college kid who can live in a suitcase and has nothing much to lose," she cautions. Women 2.0 blog (11/7) LinkedInFacebookTwitterGoogle+Email this Story
Ideas for Innovators 
  • Innovators turn to incubators for help hatching business plans
    Incubators promise to help entrepreneurs get innovative business ideas off the ground, and they can offer valuable advice and business expertise, along with crucial logistical support for startup operators. However, it's important to do due diligence before opting into an incubator scheme. "Just because someone says they can help doesn’t make it true," writes Verne Kopytoff. Bloomberg Businessweek (11/6) LinkedInFacebookTwitterGoogle+Email this Story
Fortune from Failure 
SmartQuote 
The more you know about a customer, the better you'll be able to help out."
--Ian Gilyeat, founder and chief marketing officer of I.R. Gilyeat & Co, as quoted by Inc. online's Sales Source blog
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