Business Cards: Still the Preferred Networking Tool

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First adopted in China over half a century ago, business cards are still commonly used today to exchange contact information. It may seem primitive in this day and age where technology has taken over most of our social interactions, but simply no app has truly been able to replace the business card. How can that be?

First off, apps can be cumbersome as both parties need to have the app in order to exchange the information. Their lack of popularity can be attributed to the following catch 22: nobody downloads the app because it is useless, and it is useless because nobody downloads it! Second, a trading off a business card leaves either party free to connect if they’d like to – but there is no obligation. However, adding one another on Facebook can be awkward as you may not precisely remember another’s name off the top of your head, or you may find it awkward to unfriend them after you completely lose touch.

This is not to say that people have given up on trying to develop apps in order to replace the business card, but none have succeeded. With other updates to the business card such as QR Codes, Social Media handles and high quality photos – we won’t be switching over any time soon. After all, if it ain’t broke, don’t fix it!

Read the whole article in the Washington Post here.

4 Things to Know Before Working for a Startup

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Between the struggle to find work right out of college and the glamorized lifestyle, startups are becoming an attractive option to millennials who are heading out of college. The culture is often seen as a work-hard play-hard environment where power lunches are followed by extravagant outings at night clubs in big city centers. But the truth is most startups take hundred hour weeks to get going, and are often difficult to get paid from. Here are some of the key things to know when you’re thinking about working for one:

Success Won’t Happen Overnight: “The best-kept secret in the startup world is that there is no such thing as an overnight success,” wrote George Bradt, founder of executive onboarding group PrimeGenesis in an article for Forbes. “Success typically takes six to seven years — if you survive the first three.”

Entrepreneurship Comes From Within: Being your own boss may sound great, but you’ll have to wear many hats on your road to success. From learning to code to becoming a proper salesman – you’ll be on top of many things at once.

You Don’t Have to Do it All Yourself: Don’t be afraid to outsource some things that other companies will be doing better and cheaper in order to make your company’s product better.

Funding is Hard Work: Securing funding from any source is a true challenge, and entrepreneurs today are further into debt than any other generation.

Ultimately, starting your own business can be one of the most rewarding things you can do in life. But be prepared to face the risks, uncertainty, and high probability of failure when you jump in, especially at a young age. Make no mistake – there is no such things as overnight success: it takes years of extreme persistence and refining your business in order to achieve success; be prepared for the challenges ahead.

 

Read the full article in The Huffington Post here.

Google vs Apple: Tech Giants Duke it Out to Serve You Better

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With Google and Apple in a perpetual war to provide you with their tech goods, what is even worth paying attention to anymore? Will any of their new products or features really save you time? Here are a few new features the tech giants have announced, and how they may prove useful to your business and personal life:

Apple:

  • Siri Spotlight: “Suggests people to contact based on future meetings or nearby businesses. It will also find gas stations once you’re near the rental-car office,” as it gathers data on your patterns and behaviors to better serve you.
  • Traffic: Apple will phone tap traffic signals to let you know the most optimal time to be leaving your meeting in order to make it to your next endeavor before getting caught in the traffic or rain.
  • Privacy: Apple’s devices will know a lot about you, but Apple won’t as personal data will never leave your device.

Google:

  • Google Now: Have content from emails and messages instantly become entries on your calendar. Receive an email to meet a certain deadline? Set a reminder with just a single tap.
  • User Data: While Google doesn’t sell your info, it does use it to target to your for paying advertisers. If this makes you uncomfortable, you many want to opt out.
  • Invasive, but Helpful: Google is counting on using your data to best serve you and save you time. But how much it peeks into your data may be off-putting to certain users.

Overall, both giants are looking to save you time and money, but ultimately it may come down to how much of your privacy you are willing to give up in order to receive the best service. Is the convenience worth giving all your information over to Big Brother? That is for you to decide.

Click here for the full article in The Wall Street Journal

The Technicalities of a ‘Tech’ Startup

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With “tech startups” being everyone’s favorite buzzword – are we simply diluting the term? “Tech” startups like Uber and Airbnb (yes, they are still labeled as startups) are taking over the world,  but what about them makes them a “Tech” company? Of course, technology is a key part of how they do business, but that is true of any company. The truth lies at the core of the word “tech” and what people associate with it: research, innovation, and long term thinking, not necessarily just producing hardware or software. The chief economist at Moody Analytics, Mark Zandi, suggests that the label of “tech” sends the message “you want to work for me. You want to buy things from me at a higher price. You want to give me capital at a lower cost.”

Ultimately, is the classification of “tech” just marketing? Likely so. Alex Payne, an early Twitter engineer and tech investor, wrote in 2012: “Calling practically all growing contemporary businesses ‘technology companies’ is about as useful as calling the enterprises of the industrial era ‘factory companies.’ ” Would calling Uber a transportation startup or Airbnb a hospitality startup be as exciting? Likely not. What is sure is that “tech startups” are looking to revolutionize your way of life no matter what industry they’re doing it through.

Read the full article in the New York Times here.