Passion vs Profit – The Inventor’s Struggle to a Saleable, Scabable Business

An analysis of traditional business arguments concerning passion and profit and how crowdfunding and creativity are changing the way entrepreneurs do business.

Source: www.inc.com

Inventors and Entrepreneurs

Your grandma got it right growing up–you’re special, you are one of a kind. Blanket advice is BS without looking at the person.

And in the world of business there are two distinctively different individuals at play: the inventor and the entrepreneur. And for most of us, we’re a combination of the two.

Crowdfunding though at its core is an arena of creatives. There’s vastly more inventors than entrepreneurs on the platform–it’s early adopters vs. mass market businessmen.

Those are the individuals sites like Kickstarter and Indiegogo were originally built to serve.

More recently though crowdfunding’s been evolving. With the proven success of creators spurring growth, the entrepreneurs and corporations are catching on and racing to join the wave of crowdfunded growth.

Understanding Your Strengths

In business there’s more than your fair share of competition–the question of course: what sets you apart? What is your unique strength, your unfair advantage that allows you to compete.

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More advanced car tech is here, and buyers are demanding it

Recent buyers want more self-driving technologies. Everyone wants simple wireless connections (Bluetooth). Not so much air guitar-like controls.

Source: www.extremetech.com

The new J.D. Power 2015 US Tech Choice Study tells us loud and clear where the market is going. Or at least where it’s been. The most-desired are features the have been available for several years and are now reaching mainstream consciousness. The most preferred include blind-spot detection and prevention, night vision, enhanced collision mitigation system, a camera rearview mirror, and self-healing paint…

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How one MBA went from Lehman Brothers to high-pressure juice

(Poets&Quants) — Hillary Lewis awoke on a clear September morning in 2013 in Charlottesville, Va. with an awful feeling. She’d overslept to 7:30 a.m.

Source: fortune.com

Lewis decided to earn an MBA. In her essays, she laid out three goals: 1. Start my own company 2. Use U.S. manufacturers 3. Provide some sort of public service. In 2011, she enrolled at the University of Virginia’s Darden School of Business determined to launch her own enterprise.

Lewis dived into the school’s entrepreneurship activities. Her first year, she attended the Jefferson Innovation Summit and remembers being inspired by John Mackey, the co-founder and co-CEO of Whole Foods Market. For her summer internship, she worked for Altamar Brands, a spirits startup, while subletting a room in a friend’s Boston apartment. Her bosses were on either coast, leaving her to find her own way and set her own schedule, an experience she says prepped her for running a company solo…

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The average worker might not be getting ripped off after all

If there is one idea that has made its way from ivory tower economists to the general public in recent years, it’s that the average worker has gotten short shrift in recent years.

Source: fortune.com

Real wage growth figures can also be tricky. By many measures, like inflation adjusted hourly earnings, the median worker is worse off today than he was in the 1970s. But as Aaron McNay, an economist for the state of Montana, pointed out to the The Wall Street Journal, that changes significantly depending on what measure of inflation you use. When McNay measures real average weekly pay when looking at inflation as seen through personal consumption expenditure (how much households are spending), it turns out that average worker pay is at an all all-time high…

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Should the FDA Regulate Vitamins?

(Photo: Global Panorama/Flickr)Vitamins are good for you, so you should take vitamin supplements to support better health. I mean, it says so right there on the package.

Source: www.psmag.com

There is growing evidence that supplements pose a threat when taken in excess, meaning the FDA should act—and Congress should give back the agency’s authority to do so…

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Italian prosecutors press for murder charge in Mediterranean drownings

Mohammed Ali Malek, man identified by survivors as captain of boat that capsized, killing 700, appears in Sicilian court The presumed captain of a migrant boat that sank off Libya with the loss of more than 700 lives has appeared before an Italian…

Source: www.theguardian.com

Mohammed Ali Malek, 27, has denied being in charge of the overcrowded fishing boat which capsized shortly before midnight on Saturday with hundreds of African and Bangladeshi migrants locked in its lower decks.

Prosecutors say survivors have identified him as the boat’s captain but his lawyer, Massimo Ferrante, said late on Thursday that Malek would tell judges he was a passenger on the vessel.

The Tunisian showed little emotion as the preliminary hearing began on Friday in a court in the Sicilian city of Catania, where he is likely to come face to face with a number of survivors who will be giving testimony…

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