Here is the latest Small Biz News from Forbes.
Chinese Government Luring ‘Sea Turtles’ Home To Launch Startups
Since 2013, when the Chinese central government launched new rhetoric encouraging innovation and would-be entrepreneurs, the country has been gripped by a startup craze that is now reaching across borders and oceans to lure back Chinese who went overseas to study and work – Chinese more colloquially known as “sea turtles”.
S. Korea President’s Mission To Iran Busts Up ‘Axis of Evil’ Before N. Korea Party Congress
North Korea may be losing one of its closest friends and de facto allies – Iran.
Website Redesign: Improving User-Experience On The Citibank Website
A lot of companies don’t understand the importance of focusing on user-experience during the website design process and are missing out on valuable opportunities at winning new business online. Learn more about how UX design can help your brand generate more leads.
Pinterest’s Head of Engineering Michael Lopp Departs
After two years of leading Pinterest’s engineering team, Michael Lopp has left Pinterest.
The 10 Hardest Jobs To Fill In 2015
The 9 Most Common Tax Filing Mistakes
The Only Thing Certain In Life Is Death. Taxes? Not So Much
Since 1960, Congress has enacted 66 major tax laws. At more than one major law per year, that makes for a pretty good clip – and a lot of uncertainty.
Is Your Acquisition Offer A Fishing Trip In Disguise?
Bowen had received a non-binding letter of intent from a global bank, who made their $37 million bid with no actual intent to buy his business. Bowen came to believe their offer was a decoy designed to disguise their real objective: to understand Bowen’s strategy so they could compete better with him.
Supreme Court Dives Into Copyright Fight Over Cheerleader Uniforms
The Supreme Court takes on the case of whether a cheerleader’s stripes can be copyrighted.
Selling To A Reluctant Audience: Marketing Hacks From Late-Night TV And The Fitness Industry
Most entrepreneurs I know believe they have innovative products. Refocusing your marketing operation around the idea of innovation can help your products stay that way.
This Woman Created The Uber of Legal Aid
Pro Bono Network got off the ground with the help of Chicago-area legal aid organizations, bar foundations and members of the local community, family and friends. It runs on donations and a very lean budget of only about $120,000 a year.
The Six Steps To Scaling A Business
Cambridge and Oxford university have come together to look into how to get more scale ups. For their part, entrepreneurs should commit to grow, build broad management skillset, build collaborations, establish standardized processes, identify core competence and articulate their competitive strength.
30 Under 30 Nominations Now Open For The Global Class Of 2017
Think you’re ready to join our 2017 30 Under 30? You tell us.
The 7 Worst (And Most Amusing) Mistakes Brands Have Ever Made On Social Media
Here are 7 of the worst (and most amusing) mistakes brands have ever made on social media.
2015: Not The Year Of The Woman CEO
by DeAnne Aguirre, Per-Ola Karlsson, and Gary L. Neilson
Tax Savvy Execs Work For $1, Get Paid Millions As Capital Gain
CEO’s who work for $1 salary sound selfless. But the real play is getting more equity and getting taxed at capital gain rates. And the idea is taking hold in a big way.
Chain, With Visa, Citi, Nasdaq And Others, Releases Blockchain Protocol For Financial Networks
In contrast to the Bitcoin blockchain, which can currently process roughly six or seven transactions per second, networks built to ChainOS can process up to tens of thousands of transactions a second.
How Jane Frances Of Dear Frances Launched Bella Hadid And Kendall Jenner’s Favorite New Shoe Brand
Dear Frances has quickly become the go-to shoe brand for Bella Hadid, Amal Clooney and Kendall Jenner. Launched by Jane Frances in 2014, the collection just became available in the US last month and it has grown a cult-like following. Dear Frances is based in London and the women’s shoes are handmade in Italy, featuring luxurious materials such as etched leather and crushed velvet. Jane Frances studied furniture design and sculpture prior to launching Dear Frances, and her experience is reflected in the elegant and sculptural footwear.
The Key To Improving The Initial Version Of Your Product
Get out of the office, literally and figuratively.
What’s So Special About Employee-Owned Companies Like New Belgium Brewing?
On May 2, 2016, New Belgium Brewing finally celebrated the opening of its tasting room in Asheville, N.C. It’s been a long journey for the company, some four years and counting, that finally culminated in something where they could tip back a pint (or two) of Fat Tire and celebrate.
Rovi Buys TiVo, On Demand Private Chef Kitchit Shuts Down, ChocolatePreneurs See New Luxury Market
What You Need To Know One Minute Before Daylight
What I Learned About Raising VC Funding In A Volatile Market
Raising venture funding as a startup feels different today than it did a year ago, or even six months ago. If you think back to the first three quarters of 2015, you might remember a pretty euphoric time for tech investment and startup valuation: funding to VC-backed companies reached dot-com levels, and it wasn’t rare to see rounds in the hundreds of millions.
Steve Jobs’ Most Important Products
Partnerships Are The Kiss of Death. Here’s Why I Formed One Anyway.
Partnerships have resulted in some of the world’s most successful businesses. But they have been the demise of others. I ignored
Global 2000: The Biggest Drug Companies Of 2015
As Sarepta And Valeant Exit Hearings, Biotech Steps Into M&A
The last week was a nonstop whirlwind for biotech, so I’ve decided to treat this entry a little differently by commenting on key events and sharing what I’ve been seeing.
7 Tech & Science Cartoons
Cartoon of the Day: Can I Just Make Harriet Tubman My Apple Pay Background?
Just in time for paper currency to be rendered obsolete, the U.S. Treasury announces they’re finally putting a woman of color, Harriet Tubman, on the $20 bill. Cartoon by Stephanie McMillan.
Mastering Difficult Situations Through Negotiation — In Life And At Work
Negotiation is a core leadership – and life – skill. And while no one person negotiates (or leads for that matter) in precisely the same way, successful negotiators and leaders count on at least three key behaviors to make a difference.
How to Start a Hedge Fund: Interview with Ted Seides
Have you ever wondered what it would be like to run a hedge fund? Hedge funds are both glamorized and villainized by both popular culture in TV series like “Billions” and on the political and legal arena by recent high profile lawsuits by activist investors like Bill Ackman and Carl Icahn. However, for most hedge fund start-ups, the reality is far from glamorous and requires a huge amount of work and unwavering commitment. Nancy Davis, the CIO and founder of Quadrant compared starting a hedge fund to “a very expensive hobby.” Hedge fund start-up founders should expect to put a significant amount of personal financial capital as well as sweat equity into the business for at least a year before seeing any return on their investment. Most hedge funds are small and have a hard time scaling: according to Hedge Fund Intelligence, only 305 hedge funds out of the 7,500 comprising the universe manage more than $1 billion. In other words, it no longer takes two guys and a shingle open shop. The high-level of competition, regulatory scrutiny and investor due diligence is actually good for investors and for the few committed hedge fund entrepreneurs who are passionate about markets and building a business.
States With The Biggest Looming Skilled Labor Shortages
The Dirtiest Man On TV Dispels 5 Damaging Myths About Blue Collar Labor
The “dirtiest man on TV” Mike Rowe explains why the mastery of a trade yields more than a skill to fall back on. It provides a pathway to entrepreneurship.
Bitcoin Creator Reveals Himself (Again); Cryptographers Say Evidence Is ‘Clever’ But Not Proof
A man who previously claimed to be the founder of Bitcoin provides fresh evidence. But cryptographers are calling it ‘clever’ Crypto 101, not proof.
Changing Consumers Drive Increase In Amazon Shopper Preference And Soft Auto Outook
Today’s consumers continue to evolve, which is evident in their shopping behaviors and purchase intentions. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, has weighed in again this month on some of Prosper’s leading indicator analytics including Prosper Consumer Confidence, the Prosper Spending Forecast, the Prosper Impulsivity Score, and the Consumer Mood Index. She also took a special look at Prosper’s recently released Amazon Shopper Preference Index.
Wikileaf Is Acquired By Nesta Holdings Company
EXCLUSIVE: Cannabis price shopping website Wikileaf is acquired by Canada’s Nesta Holding Company.
12 Lessons You Learn or Regret Forever
Over the course of your life and career, there are certain problems that continue to surface until you learn your lesson. Here’s 12 that you don’t want to learn the hard way.
Mark Cuban: Do Your Homework In Order To Reduce Risk In Business
30 Days of Genius is a daily interview series hosted by CreativeLive that I’ve been helping organize. It features in-depth video interviews every day during the month of May with some of the world’s top creatives and entrepreneurs. Here’s a preview of our hour-long interview with Mark Cuban.
Taiwan Vs. Japan: Why Two Allies Are Fighting And What Next
You don’t expect Japan and Taiwan to have a serious fight. The two Asian democracies have gotten along well since World War II, with both aligned with the United States on geopolitics. Each must resist China yet carefully engage the same. Not to mention the copious flows of tourists from one side to the other and Taiwanese people’s reverence for Japanese culture, from Hello Kitty to spy novels. Yet over the past week the two sides have ramped up a dispute over Japan’s claim of an exclusive economic zone around Okinotori, a tiny land mass some 1,700 kilometers south of Tokyo. Japan detained a Taiwanese fishing boat there April 25, angering people up to the president’s office in Taipei and prompting his government to send patrol ships to the supposed economic zone.
Beijing Blossom Buds and Bentu at the Fondation Louis Vuitton in Paris
In Mandarin, Bentu means “native soil.” At the ambitious program of contemporary Chinese art at the Fondation Louis Vuitton in Paris, curators chose “Bentu” as the title of the section co-presented with Beijing’s Ullens Centre for Contemporary Art, billed as “the first exhibition devoted to contemporary Chinese art in France in the past 10 years.”
$16 Million Golf Course Conservation Deduction Disallowed On Fine Points
Whenever there is a case about taxpayers taking a huge charitable contribution for promising to leave their golf course a golf course, the first thing that always pops into my head is Sarah Norcliffe Cleghorn’s poem: “The golf links lie so near the mill/That almost every day/The laboring children can look out/And see the men at play.” I usually root for the taxpayers, but not in golf course conservation easement cases. The latest is RP Golf, LLC. They ended up losing because of “i” dotting/ “t” crossing sorts or issues. If it was almost anything besides a golf course conservation easement, I might feel a little sorry for them.
NFL Draft Primed To Crush NBA Finals In King Of Sports Shutout
This year, the anticipation of the NFL draft seems likely to overshadow the NBA finals yet again. Cartoon by Rob Tornoe.
World’s Biggest Oil Companies – 2015
Middle Market M&A — Asset Sale Issues That Can Bite Business Sellers
The vast majority of deals are asset sales as opposed to share sales. This poses a range of tax challenges to the seller, one of which is recapture tax on depreciated assets and inventory. However, there are strategies that can be employed by sellers who are seemingly traps by their circumstances.
How To Sell To Millennials: Always Be Helping, Not Closing
Millennials are disloyal and they have no brand equity and jump from product to product.
From Entry To Exit: What It Takes To Create A Viable Startup
At a recent event in Puerto Rico, I was asked to speak about best practices in technology marketing. From my perspective — after close to two decades advising, and learning from, some of the best tech startups — it’s quite simple: the ability to stay true to yourself despite whatever comes at you. And the principle toolset to staying true? Imagine yourself as the protagonist (hero) in a story where you will need to allow three things to happen: (1) your personal and professional transformation, for you will indeed need to change by growing (evolving) because of the challenges you will face, while remaining true to yourself; (2) the strategic use of your unique gifts as an entrepreneur; and (3) the use of people in your network who understand those gifts and are more than willing to help, but only if you can find the courage to ask.
The 25 Highest-Paying Jobs In America
Who Sent American Jobs Away?
Once, America made and produced many great products here at home, providing jobs for millions of American workers.
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