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December 11, 2012
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Bold Ventures 
  • Immigrant entrepreneur takes on the U.S. mobile phone industry
    As an international student at Yale, Ahmed Khattak's journey into entrepreneurship was inspired by his frustrations with the U.S. cellphone industry, which differs greatly from its counterpart in his native Pakistan. He launched GSM Nation, which helps consumers to buy manufacturer-unlocked phones and take advantage of cheaper plans from third-party carriers. The company is on pace to generate $50 million worth of sales this year. Entrepreneur online (12/10) LinkedInFacebookTwitterGoogle+Email this Story
Leading the Pack 
 
  • How to lead like a Zen master
    When someone presents you with an idea, you should take a deep breath and wait 24 seconds before letting yourself criticize it, Cue Ball CEO Tony Tjan says. If you can manage 24 seconds, then try 24 minutes. "Then if you become a Zen master of optimism, you could wait a day and spend that time thinking about why something actually might work," he says. The New York Times (tiered subscription model) (12/8) LinkedInFacebookTwitterGoogle+Email this Story
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Finance & Growth 
  • The importance of picking the right personnel
    Having the right personnel in place is key to running a successful startup, according to Mark Hopkins, author of "Shortcut to Prosperity: 10 Entrepreneurial Habits and a Roadmap For An Exceptional Career." "Do what you have to do to get the best people on the team and then use trust to cement their relationship," he advises. "Teams that trust each other way outperform teams that don't." Reuters (12/10) LinkedInFacebookTwitterGoogle+Email this Story
  • Veterans leave the military, start businesses
    Military training does a good job of preparing veterans for the risks involved with business ownership, but raising capital can still be difficult. "Veterans who have served just four years in the military usually leave with more leadership and problem-solving experience than most others do in their lifetime," said Kevin Rosenberg, a Navy veteran. "But most civilians don't recognize this, especially loan officers." The Entrepreneurship Bootcamp for Veterans With Disabilities, which was launched a few years ago, is helping to address some of the challenges faced by veterans. MSN/Business on Main (12/10) LinkedInFacebookTwitterGoogle+Email this Story
The Whole Entrepreneur 
  • Why you need your own definition of success
    It's important to define what success means to you early in the process of building your company, according to Desiree Moore, founder of Greenhorn Bold. "Without a clear, personalized definition of success, you risk subjecting yourself to arbitrary ideas of what it means to be prosperous -- not to mention failing to recognize prosperity once you achieve it," she writes. You should avoid comparing yourself to others and obsessing over who is more successful, she writes. TheDailyMuse.com (12/10) LinkedInFacebookTwitterGoogle+Email this Story
Ideas for Innovators 
  • How to unleash the power of "econovation"
    Innovation often falls short because it's developed without a clear sense of potential "economic and societal impact," writes Steve Faktor. One potential solution lies in the "econovation" metric, which grades innovations according to their profit potential, the consumer needs they serve and their ability to spur job creation and other societal goods. Forbes (12/10) LinkedInFacebookTwitterGoogle+Email this Story
Fortune from Failure 
  • Common ways founders foul up
    Failing to act professionally or neglecting social media could end up costing your startup, notes Josh Tolan, CEO of Spark Hire. It also might be a mistake to hire friends of family just because they have a connection. "In the interview, whether in person or through online video, look at the candidate's credentials instead of their last name," he writes. VentureBeat (12/10) LinkedInFacebookTwitterGoogle+Email this Story
  • Some reasons most venture-backed startups are doomed to fail
    Many companies that have received investment from venture-capital firms ultimately fail, and one problem is that investors tend to focus on financial analysis instead of on operations, writes Faisal Hoque, founder of BTM Corporation. "While the financial details are crucial, they do not contain enough forward-looking information to understand, track, and govern the venture performance of today's ever-changing market brought on by operational challenges and swings," he writes. Fast Company online (12/10) LinkedInFacebookTwitterGoogle+Email this Story
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SmartQuote 
Social media is the single most important thing for a startup in 2012 and neglecting its importance is a death wish."
--Mason Estep, founder of StandOffer.com, as quoted by VentureBeat
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