Startup

6 Ways Successful People Stretch Their Comfort Zones
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Truly great entrepreneurs aren't satisfied with comfort. Pushing their own limits is how they get to greatness.Everyone has a so-called "comfort zone." You know what I'm talking about: that mental space you live in where there are boundaries and you feel a sense of emotional security with your work and your decision making.What distinguishes successful people from everyone else is what they do with their comfort zone. There are those who are perfectly happy staying warm and cozy in this safe box they've built; and then are those who constantly push and test the limits.You already know which person goes on to be a successful entrepreneur.Now I'm not suggesting that the comfort zone is a bad thing. It's there for a reason: to protect us. Otherwise we all may be jumping off cliffs and out of [...]
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Your Next Hire: Foreign, Web Savvy, Hungry for Challenge
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The next generation of entrepreneurs literally have the world at their fingertips. Here's why you want to employ them.After years of launching companies, I've often wondered how today's entrepreneurs create, structure, and grow a small business. Finally, I took a 16-month tour to find out.Last week I attended the G20 entrepreneurship summit in Moscow, where I gave a keynote talk and met with entrepreneurs from 30 different countries. The results were the same whether I was in Rio, Dubai, or Lima, or Kuala Lumpur. Social media, combined with the explosive growth of online education, has created a real opportunity. For perhaps the first time ever, industrious citizens in almost every nation can be your competitor or business partner.Take a young man I met in Senegal launching an online paym [...]
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How to Take a Working Vacation
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Experts weigh in on everything from when should you try to get away to how to keep the heat from ruining your gadgets.This Friday summer officially got underway but you’ve probably been daydreaming about vacation season from long before that. And, as a business owner, also probably fretting about it.Like everyone else, entrepreneurs love a good beach getaway or lazy Saturday BBQ with friends, but the warm months present particular challenges for business owners. How can you find time for a proper break? What sort of contact should you keep with your employees back home (and how much will disappoint the kids or annoy your significant other)? And should you leave that laptop at home or at least in the hotel room?Thankfully, the experts have plenty of wisdom to offer.When can I get away [...]
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12 Mistakes Start-Ups Make the First Year
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From going out too much to having too many founders, here's what you've been doing wrong.When you write and read about start-ups all day long, you see founders make a lot of mistakes.As an observer of and dabbler in start-ups, I've kept track of all the things I'd try to avoid as an entrepreneur.Here are the most common mistakes early stage start-ups and new founders make: 1. Getting press too early or just because.If you're a start-up looking for press, the first question you need to ask yourself is "Why?"Why do you need press? Are you really ready for press? What will an article help you achieve?If you want press to make yourself look cooler to friends or employees, you probably shouldn't be seeking it. If you're doing it to gain users, the bump will likely be temporary. Just look at Tur [...]
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GrayBug: Disruptive RX for Your Eyes
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A Baltimore start-up tackles blindness with new innovative treatments.Warby Parker isn't the only start-up disrupting the vision space. GrayBug, a company that recently won the Invest Maryland Challenge in Baltimore, Maryland, is revolutionizing drug delivery and treatments for the eye. GrayBug started after three professors at the Wilmer Eye Institute at Johns Hopkins University--Justin Hanes, Peter Compochiaro, and Peter McDonnell--developed two treatments to help patients who suffer from age-related macular degeneration. The three founders determined that the fastest way to get their innovations to the public was to start a company.Age-related macular degeneration is a leading cause of blindness in adults 65 and over, with over 20 million cases in the U.S. and Europe. GrayBug estimates [...]
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11 Gadgets Inspired by Sci-Fi
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From Sky Sapience's Hovercraft to the Scanadu Scout, here's a rundown of the coolest gadgets turning our sci-fi fantasies into reality.Sci-fi authors and filmmakers are visionaries, creating gadgets for a whole new world. There's the flying DeLorean from Back to the Future and the stealth helicopter that tracked Katniss Everdeen's every move in Hunger Games. Wouldn't it be cool to use those gadgets in real life? Turns out you can. These start-ups took some of the most iconic tech from pop culture and made it real.To survive the 74th Hunger Games, Katniss had to evade the Capitol's surveillance craft as she poached deer and rabbits to eat. Sky Sapience, an Israeli start-up, has created a similar product called the HoverMast, which monitors crowds, illegal immigrants, and more. The machine [...]
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Warby Parker Creates a Point-of-Sale System
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Rather than rely on someone else's software, the eyeglass maker created its own.In Warby Parker's world, style isn't the only thing that shouldn't be imitated. Software shouldn't be either. When the venture-backed start-up realized none of the 30 existing point-of-sale vendors would serve its purposes, it set out to develop its own, reports Jason Del Rey for All Things D. The company cobbled together a solution that's one part payment management and another part customer management using a Google Nexus tablet and a credit card reader. “Even though we felt like we found the best vendor, we realized it just wasn’t going to be a long-term tech partner for us, and the only way we were going to be able to get what we needed was to build it ourselves,” Kyle Ashley, Warby Parker [...]
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Entrepreneurs vs Big Government: Open Gov Winners Lend a Hand
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Two start-ups attempt to change the relationship between government and entrepreneurs.On June 24, the Knight Foundation announced the winners to its Knight News Challenge on Open Gov. Launched in February, the challenge aimed to encourage innovators to come up with solutions that would enable journalists to do their jobs better and empower citizens to contribute to community progress.Two of the eight winning projects hold special promise for entrepreneurs. Once aims to make it easier to open a business. The other is an attempt to smooth the process of competing for government contracts and make it more transparent.Awarded total of $910,000, OpenCounter and Procure.io are starting to change the way that entrepreneurs and governments deal with each other. OpenCounterOne of the more frustrati [...]
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