Startup plans to revolutionize routers | Want that promotion? Step up your leadership game | Business lessons from Shaquille O'Neal
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March 13, 2013
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Bold Ventures
Startup plans to revolutionize routers
Startup Compass-EOS, based in California's Silicon Valley, has developed router technology that it hopes will allow it to make a dent in the market. Businesses might be able to save significant amounts of money by using Compass-EOS' routers, according to the company. The firm has raised $120 million the past few years and some of that money comes from Cisco Systems, which saw billions in revenue from its routing products last year. The Wall Street Journal/Digits blog (3/12)
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Leading the Pack
Want that promotion? Step up your leadership game
Leadership advancement begins with wanting to advance, Jennifer Miller writes. Then, you need to cultivate advocates in senior management, be active in strategic meetings and be connected within the organization and not just within your silo, Miller says. "It's not enough for you to be ready to take on a bigger role at work; you also must be seen as being ready," she writes. SmartBrief/SmartBlog on Leadership (3/12)
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Finance & Growth
Business lessons from Shaquille O'Neal
In addition to his prowess on the basketball court, Shaquille O'Neal has been active in the business world, with investments in companies such as Google and Muscle Milk. When building a business, it's important to dream big, focus on simplicity and form partnerships with talented people, according to O'Neal, who spoke at South by Southwest Interactive. Entrepreneur online (3/12)
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How to separate your personal and business accounts
Problems can arise when your personal and business finances become intertwined, so it's a good idea to keep them separate, Megan Webb-Morgan. For this reason, you may want to open a business checking account, get a business credit card and obtain a Data Universal Numbering System number. Resource Nation blog (3/12)
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The Whole Entrepreneur
Social apps take a backseat to the physical world at SXSW
There were some new social applications at South By Southwest Interactive, but the focus this year appears to have been on the physical world. "The excitement seems to have been less around social and more around 3D printing and hardware, and Kickstarter-related stuff," said Gary Sharma, founder of the Gary's Guide tech site. The Wall Street Journal/Digits blog (3/12)
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How new legislation could help startup companies
In its current form, the R&D tax credit isn't very useful for startups because it only counts as a credit against income tax paid, Dean Zerbe and Dhaval Jadav write. However, Sen. Chris Coons, D-Del., has recently introduced the Start-up Innovation Credit Act of 2013, which allows companies to apply the credit to other types of taxes. "Even a start-up making no profits has employees and payroll to meet -- now under SICA they can use those taxes to realize a benefit from the R&D tax credit," they write. Harvard Business Review online/HBR Blog Network (3/12)
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Ideas for Innovators
Creating the right culture for innovation
Developing successful innovations requires skill -- along with the desire to make a difference, writes Jorge Barba. "[I]t isn't as simple as asking everyone for ideas and them letting them roll with whatever is on their mind," he writes. "Unless the culture exists, set by the leader, don't expect anyone to take risks and experiment." InnovationExcellence.com (3/12)
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Fortune from Failure
Don't let failure keep you down
Even extremely successful individuals such as Steve Jobs, Walt Disney and Thomas Edison experienced setbacks on their way to the top, writes Jim Stovall. The lesson for entrepreneurs is that "[n]o outside force, current circumstance, or future obstacle can keep you from your destiny if you are willing to persevere," he writes. RefreshLeadership.com (3/12)
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SmartQuote
Being successful is a choice and, therefore, being defeated is a decision."
-- Jim Stovall, president of Narrative Television Network, writing at RefreshLeadership.com.
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