Friday, October 15, 2010

personal finance manager


(Editor’s note: Patrick Driessen is the CEO of Seed Accelerator, an Asian-Pacific technology startup & business accelerator. He submitted this story to VentureBeat.)


Having started, run and lead various companies since I was 15 years old, I’ve learned a few things about being an entrepreneur – often the hard way. I’ve had successes, failures and massive failures, but each taught me something valuable.


While a lot has been written previously about the key qualities of successful entrepreneurs, I’ve always thought there were a few items that were missing. Sure, things like passion, creativity, self-confidence and coordination skills are helpful, but those just scratch the surface. If you’re an emerging entrepreneur looking to succeed faster, just ask yourself the following questions…


Are you persistent? – There is no “instant gratification” when you’re running your own business. There’s no monthly pay check and you may work very hard for little reward.


If you don’t fully believe in yourself and your business, you’ll find the temptation to quit can be overwhelming. When you make mistakes, it’s important to get past the ego blow and learn the lesson – then use the experience to move forward.


Are you financially responsible? – When you’re your own boss, you’re a CEO, accountant and finance manager wrapped in one. When you start making profits, you’ll need to know how to manage it wisely. Successful entrepreneurs know how to actively manage their P&L balance sheet; especially their cash position.


Do you have the required health and physical condition? – Being the founder of a startup means that you’ll have to put most – if not all – of your time and energy into your new venture. Only founders whose health is able to take the physical punishment of the long hours will make it to the finish. Your best bet? Become your own health coach and build up a regular exercise schedule, practice meditation and make sure to develop an ongoing health & well-being program for yourself.


Can you become the king or queen of sleep? – This sort of goes hand-in-hand with your physical condition. Adequate sleep is often the first thing sacrificed in startups – but that can ultimately have a negative impact. Find a way to sleep a consistent number of hours – and try to compensate with power naps to revive yourself.


Also, as odd as it sounds: Practice daydreaming. Letting your mind wander, especially in the early morning, can help you solve tough problems that may seem impossible when you focus too hard later in the day.


Do you have enough supportive friends & family? – Being an entrepreneur often means having to deal with tough personal, financial and emotional challenges. People around you may doubt your plans, vision and growth strategy.


It can be depressing, which is why it’s important to have a support system – to console you or kick your ass when necessary.


Are you self-motivated? – Without self-motivation, you’re doomed as an entrepreneur, since there’s no one to egg you on or watch over your shoulder. If you’re not, the way to mitigate this risk is pretty simple: Get a business partner.


What’s your personal mission statement in life? – The second of Stephen Covey’s “Seven Habits of Highly Effective People” advises, “Begin with the end in mind”. He recommends formulating a “personal vision statement” to document your perception of your vision in life. It’s good advice. By knowing your own mission and having a view of the big picture, you can help your company grow.


Are you hungry for success? – If you want to be an entrepreneur, you have to think and act as a leader. Business isn’t a hobby you can take lightly. Try that approach and you’ll never achieve true success. Above all else – don’t allow personal affairs interfere with your business.


Next Story: Viewdle raises $10M for facial recognition “in the palm of your hand” Previous Story: Azuray teams with Suntech, Renhe for “smart solar panels”




The latest jobs report came out on Friday. Overall, another 95,000 jobs were lost in September. Maybe they should start calling it the no-jobs report. Ezra Klein crunches the numbers to explain why the addition of 64,000 private sector jobs is pitifully inadequate:



That's about 35,000 less than the 100,000 or so jobs needed to keep up with population growth. It's about 180,000 less than the number of jobs needed to get back to 5 percent unemployment in the next 10 years. It's about 257,000 less than the 320,000 jobs needed to get back to 5 percent unemployment in five years.


In other words, the economy is not bouncing back any time soon. Even worse, it's clear that Washington is not up to the task of creating the conditions for the job growth the country so desperately needs. And as we find ourselves in the silliest stretch of the electoral silly season, it doesn't inspire confidence that the government that emerges on November 2nd will do any better.



A deep-seated cynicism is not an unreasonable response. But I'm pleased to report that hundreds of thousands of Americans across the country are choosing to react by taking action. As a result, a parallel economy is being created by people who, finding there are no jobs, have decided to create their own.


Of course, this burgeoning parallel economy doesn't mean the government is off the hook. But while millions of Americans are waiting for the government to do the right thing in terms of bold infrastructure spending, a payroll tax holiday, etc, etc, many have decided to stop waiting.



Through the creative use of technology, social media, and a focus on community, this new wave of small businesses is making its mark in a true convergence of left and right. At the moment, our government may be can't-do, but more and more of our citizens are solidly can-do -- and irrepressibly American.



To turn a spotlight on this nascent movement and encourage its continued growth, HuffPost is launching Small Business America, a new blog sponsored by FedEx where entrepreneurs can exchange ideas, get advice, and keep up with the latest small business news. Small Business America's contributors will run the gamut from CEOs to mom-and-pop business owners to policy-makers, business writers, professors, and social media experts.



Some of those we'll be featuring in our first week include:



  • Aaron Patzer, founder of the online personal finance site Mint.

  • William Aulet, Managing Director of the MIT Entrepreneurship Center.

  • Karen Mills, Administrator of the Small Business Administration.

  • Tim Westergren, Founder of the online radio site Pandora.

  • Christopher Hytry Derrington, whose company helps firms outsource their work to rural America instead of overseas.




Small Business America will also feature the first-person accounts of people who have already jumped in and started their own business -- as well as those thinking of taking the leap.



One of those forced by circumstances into creating her own business is Brenda Carter, whose story is featured in Third World America. A grandmother living in Marietta, Georgia, Carter had worked as a manager of information systems at the same company for thirteen years. Then, in 2007, she was suddenly laid off. "Imagine getting up every day for 13 years and suddenly that part of your life just ceased," she wrote. "I cried and cried and cried. I just could not believe it."



She didn't know what she was going to do, but then had an idea. Her mother, to help pay the bills as a single mother in New Orleans, had sold pralines door-to-door. "People would knock on our doors at all times of night asking to purchase these pralines," she said. "So as I was sitting at home I thought 'Hey I can do this too! This is something I can do and am comfortable doing.'"



And now she's the proud operator of a growing praline operation -- except instead of selling door-to-door, she's doing it computer-to-computer. Her online store can be found here. "Times are changing and so must we," Carter says. "We need to be supporters of ourselves, otherwise we will not survive."



Americans have a lot of passion and ingenuity, and there is a clear market in helping bring them to market. Enter Etsy.com and Cafe Press, which have now grown large enough to have a multiplier effect rippling across the country.



Etsy was founded in 2005 by Robert Kalin. Then 25, he was an aspiring furniture designer feeling frustrated by his attempts to sell his work online. So he created a streamlined platform for handmade goods of all kinds, and launched it from his apartment.



The site's mission? "To enable people to make a living making things, and to reconnect makers with buyers. Our vision is to build a new economy and present a better choice." Which is exactly what Etsy.com is doing. And along with creating jobs, this new economy is creating connections, and caring, and community. As Kalin said in a 2009 interview:



One of the most important things anyone can do right now is create jobs. What's important is to empower people to make a living, and I support renting and running a 9,000-square-foot workspace in Red Hook, Brooklyn, that provides other small businesses with affordable studio space. And we have big community dinners there once a week for networking and sharing our ideas.


Etsy's effect is being felt far beyond Brooklyn. Colleen Fields, 54, lives in a remote town in the mountains of North Carolina. Two years ago, she was laid off from her job as a newspaper subscriptions manager. "I must have sent out a thousand or more resumés and applications," she told The Huffington Post. "I applied for a job at a convenience store, and they said they had over 200 applicants. It's just crazy. There are no jobs around this area."



A friend suggested she look into Etsy. Not exactly computer literate, she nevertheless gave it a try. In December 2009 she opened her online store, Gemstones and Wire, selling necklaces, earrings and handmade clay vases. She wrote about how some women pay all their family bills with small businesses started through Etsy. "I'm just not one of them yet. I would love to be one of them," she added.



Several other successful sites have followed in Etsy's footsteps. Among them is Bonanza, which, with its "friendliest social community online," aims to put the human element back into e-commerce, "making people relevant again."



Then there is ArtFire, which started two years ago in Tucson, Arizona. It provides a platform for "handmade goods, fine art, vintage, designed items, supplies and media," and aims to "celebrate the unique individuality of artists and crafters around the globe."



Cafe Press was started in 1999. Based in San Mateo, California, the company provides on-demand printing for mugs, t-shirts and products designed by users, "uniting and rewarding self-expression." It now gets 11 million unique visits a month and, with its 6.5 million users, adds around 2,000 new, independent shops and 45,000 new products every day.



Another great example of making a business out of helping people make a business is Recession Wire. Begun in February 2009 by Sara Clemence and Laura Rich, who were laid off when Portfolio magazine folded, and partner Lynn Parramore, the site aims to "chronicle the 'upside of the downturn' through personal stories, helpful advice and reportage on the changes underway in these hard times."



In its small business section, the site features articles like: "How to Bootstrap Your New Business Wisely," "Don't Close Your Business, Change It," and "A Cool, Free Way to Figure Out a Business Idea's Potential."



At Inc.com, the website of Inc. Magazine, the editors aim to provide "advice, tools, and services, to help business owners and CEOs start, run, and grow their businesses more successfully." Its start-up section includes advice on writing a business plan, running a home-based business, naming a business, how to incorporate, and financing.



StartupNation bills itself as a "free service founded by entrepreneurs for entrepreneurs." Headed by Jeff and Rich Sloan, two experienced entrepreneurs, who started the site to share their "years of in-the-trenches experience," the site features blogs, forums, advice, and networking tools.



Micro-financing, another entrepreneurship model greatly enhanced by the web, has been around for awhile. But the founders of InVenture Fund wanted to take the model to the next step. It was launched in October 2009 because, as the site says, "traditional microfinance models weren't doing enough to lift communities out of poverty." The problem was that the 75 million or so borrowers around the world were locked into loans they had to repay, sometimes at interest rates of 30 percent. InVenture finds microloan recipients who have good track records and gives them the financing to expand, with no fixed repayment schedule. "Give entrepreneurs an opportunity for real financial and social growth," the site says, "and they'll lift not just themselves but their communities out of poverty." A portion of the site's profits is then invested in responsible community programs, like clean water and education.



Indeed, one of the hallmarks of this entrepreneurial movement is community -- including an emphasis on local food, local agriculture, and sustainable business practices. One of the ironies of this new wave of small businesses is how the global reach of the web has been so pivotal in connecting people to their own communities.



Judy Wicks, the owner of the famed White Dog Cafe in Philadelphia, founded the Business Alliance for Local Living Economies (BALLE), which now has 80 local chapters in the U.S. and Canada. To spread the local food gospel of the White Dog, Wicks also founded Fair Food, which connects local family farms with city dwellers.



In Lexington, Kentucky, Fresh Stop is an attempt to bring the benefits of community-supported agriculture to those who couldn't normally afford it. Forming partnerships with churches, Fresh Stop asks those who can afford it to pay a bit more for what they buy, which subsidizes those for whom the fresh -- and healthy -- food would otherwise be out of reach.



Whether you're directly involved in a small business or not, I hope you'll check out Small Business America. After all, we're all affected by the well-being of the communities we live in. At least for the time being, real solutions are less likely to come from politicians than from the thousands of people in thousands of communities taking the initiative to connect, share, and create.



I love how human this movement is. It's fueled by technology, but at its core is a real person connecting to another real person. As Twitter founder Biz Stone said of his company: "Twitter is not a triumph of tech. It's a triumph of humanity."



Technology is what will allow this very American movement to scale up and begin to have a real impact. But it's in our backyards and basements that it begins. "To be attached to the subdivision, to love the little platoon we belong to in society, is the first principle (the germ as it were) of public affections," wrote Edmund Burke. "It is the first link in the series by which we proceed towards a love to our country, and to mankind."



Click here to check out Small Business America... and let us know what you think.







bench craft company reviews

Mine Coverage Taxes BBC <b>News</b> Budget - NYTimes.com

The BBC will cut back on some of its coverage plans for the rest of the year because of the high cost of covering the mine rescue in Chile.

Fox <b>News</b>&#39; Brian Kilmeade: “All Terrorists Are Muslim” « Oliver Willis

19 Responses to “Fox News' Brian Kilmeade: “All Terrorists Are Muslim””. Jay says: October 15, 2010 at 9:13 am. Of course, anybody with a rational mind could understand that Kilmeade was specifically talking about 9/11 and was saying ...

Wii Remote/Motion Plus combo dated Wii <b>News</b> - Page 1 | Eurogamer.net

Read our Wii news of Wii Remote/Motion Plus combo dated.


bench craft company reviews

(Editor’s note: Patrick Driessen is the CEO of Seed Accelerator, an Asian-Pacific technology startup & business accelerator. He submitted this story to VentureBeat.)


Having started, run and lead various companies since I was 15 years old, I’ve learned a few things about being an entrepreneur – often the hard way. I’ve had successes, failures and massive failures, but each taught me something valuable.


While a lot has been written previously about the key qualities of successful entrepreneurs, I’ve always thought there were a few items that were missing. Sure, things like passion, creativity, self-confidence and coordination skills are helpful, but those just scratch the surface. If you’re an emerging entrepreneur looking to succeed faster, just ask yourself the following questions…


Are you persistent? – There is no “instant gratification” when you’re running your own business. There’s no monthly pay check and you may work very hard for little reward.


If you don’t fully believe in yourself and your business, you’ll find the temptation to quit can be overwhelming. When you make mistakes, it’s important to get past the ego blow and learn the lesson – then use the experience to move forward.


Are you financially responsible? – When you’re your own boss, you’re a CEO, accountant and finance manager wrapped in one. When you start making profits, you’ll need to know how to manage it wisely. Successful entrepreneurs know how to actively manage their P&L balance sheet; especially their cash position.


Do you have the required health and physical condition? – Being the founder of a startup means that you’ll have to put most – if not all – of your time and energy into your new venture. Only founders whose health is able to take the physical punishment of the long hours will make it to the finish. Your best bet? Become your own health coach and build up a regular exercise schedule, practice meditation and make sure to develop an ongoing health & well-being program for yourself.


Can you become the king or queen of sleep? – This sort of goes hand-in-hand with your physical condition. Adequate sleep is often the first thing sacrificed in startups – but that can ultimately have a negative impact. Find a way to sleep a consistent number of hours – and try to compensate with power naps to revive yourself.


Also, as odd as it sounds: Practice daydreaming. Letting your mind wander, especially in the early morning, can help you solve tough problems that may seem impossible when you focus too hard later in the day.


Do you have enough supportive friends & family? – Being an entrepreneur often means having to deal with tough personal, financial and emotional challenges. People around you may doubt your plans, vision and growth strategy.


It can be depressing, which is why it’s important to have a support system – to console you or kick your ass when necessary.


Are you self-motivated? – Without self-motivation, you’re doomed as an entrepreneur, since there’s no one to egg you on or watch over your shoulder. If you’re not, the way to mitigate this risk is pretty simple: Get a business partner.


What’s your personal mission statement in life? – The second of Stephen Covey’s “Seven Habits of Highly Effective People” advises, “Begin with the end in mind”. He recommends formulating a “personal vision statement” to document your perception of your vision in life. It’s good advice. By knowing your own mission and having a view of the big picture, you can help your company grow.


Are you hungry for success? – If you want to be an entrepreneur, you have to think and act as a leader. Business isn’t a hobby you can take lightly. Try that approach and you’ll never achieve true success. Above all else – don’t allow personal affairs interfere with your business.


Next Story: Viewdle raises $10M for facial recognition “in the palm of your hand” Previous Story: Azuray teams with Suntech, Renhe for “smart solar panels”




The latest jobs report came out on Friday. Overall, another 95,000 jobs were lost in September. Maybe they should start calling it the no-jobs report. Ezra Klein crunches the numbers to explain why the addition of 64,000 private sector jobs is pitifully inadequate:



That's about 35,000 less than the 100,000 or so jobs needed to keep up with population growth. It's about 180,000 less than the number of jobs needed to get back to 5 percent unemployment in the next 10 years. It's about 257,000 less than the 320,000 jobs needed to get back to 5 percent unemployment in five years.


In other words, the economy is not bouncing back any time soon. Even worse, it's clear that Washington is not up to the task of creating the conditions for the job growth the country so desperately needs. And as we find ourselves in the silliest stretch of the electoral silly season, it doesn't inspire confidence that the government that emerges on November 2nd will do any better.



A deep-seated cynicism is not an unreasonable response. But I'm pleased to report that hundreds of thousands of Americans across the country are choosing to react by taking action. As a result, a parallel economy is being created by people who, finding there are no jobs, have decided to create their own.


Of course, this burgeoning parallel economy doesn't mean the government is off the hook. But while millions of Americans are waiting for the government to do the right thing in terms of bold infrastructure spending, a payroll tax holiday, etc, etc, many have decided to stop waiting.



Through the creative use of technology, social media, and a focus on community, this new wave of small businesses is making its mark in a true convergence of left and right. At the moment, our government may be can't-do, but more and more of our citizens are solidly can-do -- and irrepressibly American.



To turn a spotlight on this nascent movement and encourage its continued growth, HuffPost is launching Small Business America, a new blog sponsored by FedEx where entrepreneurs can exchange ideas, get advice, and keep up with the latest small business news. Small Business America's contributors will run the gamut from CEOs to mom-and-pop business owners to policy-makers, business writers, professors, and social media experts.



Some of those we'll be featuring in our first week include:



  • Aaron Patzer, founder of the online personal finance site Mint.

  • William Aulet, Managing Director of the MIT Entrepreneurship Center.

  • Karen Mills, Administrator of the Small Business Administration.

  • Tim Westergren, Founder of the online radio site Pandora.

  • Christopher Hytry Derrington, whose company helps firms outsource their work to rural America instead of overseas.




Small Business America will also feature the first-person accounts of people who have already jumped in and started their own business -- as well as those thinking of taking the leap.



One of those forced by circumstances into creating her own business is Brenda Carter, whose story is featured in Third World America. A grandmother living in Marietta, Georgia, Carter had worked as a manager of information systems at the same company for thirteen years. Then, in 2007, she was suddenly laid off. "Imagine getting up every day for 13 years and suddenly that part of your life just ceased," she wrote. "I cried and cried and cried. I just could not believe it."



She didn't know what she was going to do, but then had an idea. Her mother, to help pay the bills as a single mother in New Orleans, had sold pralines door-to-door. "People would knock on our doors at all times of night asking to purchase these pralines," she said. "So as I was sitting at home I thought 'Hey I can do this too! This is something I can do and am comfortable doing.'"



And now she's the proud operator of a growing praline operation -- except instead of selling door-to-door, she's doing it computer-to-computer. Her online store can be found here. "Times are changing and so must we," Carter says. "We need to be supporters of ourselves, otherwise we will not survive."



Americans have a lot of passion and ingenuity, and there is a clear market in helping bring them to market. Enter Etsy.com and Cafe Press, which have now grown large enough to have a multiplier effect rippling across the country.



Etsy was founded in 2005 by Robert Kalin. Then 25, he was an aspiring furniture designer feeling frustrated by his attempts to sell his work online. So he created a streamlined platform for handmade goods of all kinds, and launched it from his apartment.



The site's mission? "To enable people to make a living making things, and to reconnect makers with buyers. Our vision is to build a new economy and present a better choice." Which is exactly what Etsy.com is doing. And along with creating jobs, this new economy is creating connections, and caring, and community. As Kalin said in a 2009 interview:



One of the most important things anyone can do right now is create jobs. What's important is to empower people to make a living, and I support renting and running a 9,000-square-foot workspace in Red Hook, Brooklyn, that provides other small businesses with affordable studio space. And we have big community dinners there once a week for networking and sharing our ideas.


Etsy's effect is being felt far beyond Brooklyn. Colleen Fields, 54, lives in a remote town in the mountains of North Carolina. Two years ago, she was laid off from her job as a newspaper subscriptions manager. "I must have sent out a thousand or more resumés and applications," she told The Huffington Post. "I applied for a job at a convenience store, and they said they had over 200 applicants. It's just crazy. There are no jobs around this area."



A friend suggested she look into Etsy. Not exactly computer literate, she nevertheless gave it a try. In December 2009 she opened her online store, Gemstones and Wire, selling necklaces, earrings and handmade clay vases. She wrote about how some women pay all their family bills with small businesses started through Etsy. "I'm just not one of them yet. I would love to be one of them," she added.



Several other successful sites have followed in Etsy's footsteps. Among them is Bonanza, which, with its "friendliest social community online," aims to put the human element back into e-commerce, "making people relevant again."



Then there is ArtFire, which started two years ago in Tucson, Arizona. It provides a platform for "handmade goods, fine art, vintage, designed items, supplies and media," and aims to "celebrate the unique individuality of artists and crafters around the globe."



Cafe Press was started in 1999. Based in San Mateo, California, the company provides on-demand printing for mugs, t-shirts and products designed by users, "uniting and rewarding self-expression." It now gets 11 million unique visits a month and, with its 6.5 million users, adds around 2,000 new, independent shops and 45,000 new products every day.



Another great example of making a business out of helping people make a business is Recession Wire. Begun in February 2009 by Sara Clemence and Laura Rich, who were laid off when Portfolio magazine folded, and partner Lynn Parramore, the site aims to "chronicle the 'upside of the downturn' through personal stories, helpful advice and reportage on the changes underway in these hard times."



In its small business section, the site features articles like: "How to Bootstrap Your New Business Wisely," "Don't Close Your Business, Change It," and "A Cool, Free Way to Figure Out a Business Idea's Potential."



At Inc.com, the website of Inc. Magazine, the editors aim to provide "advice, tools, and services, to help business owners and CEOs start, run, and grow their businesses more successfully." Its start-up section includes advice on writing a business plan, running a home-based business, naming a business, how to incorporate, and financing.



StartupNation bills itself as a "free service founded by entrepreneurs for entrepreneurs." Headed by Jeff and Rich Sloan, two experienced entrepreneurs, who started the site to share their "years of in-the-trenches experience," the site features blogs, forums, advice, and networking tools.



Micro-financing, another entrepreneurship model greatly enhanced by the web, has been around for awhile. But the founders of InVenture Fund wanted to take the model to the next step. It was launched in October 2009 because, as the site says, "traditional microfinance models weren't doing enough to lift communities out of poverty." The problem was that the 75 million or so borrowers around the world were locked into loans they had to repay, sometimes at interest rates of 30 percent. InVenture finds microloan recipients who have good track records and gives them the financing to expand, with no fixed repayment schedule. "Give entrepreneurs an opportunity for real financial and social growth," the site says, "and they'll lift not just themselves but their communities out of poverty." A portion of the site's profits is then invested in responsible community programs, like clean water and education.



Indeed, one of the hallmarks of this entrepreneurial movement is community -- including an emphasis on local food, local agriculture, and sustainable business practices. One of the ironies of this new wave of small businesses is how the global reach of the web has been so pivotal in connecting people to their own communities.



Judy Wicks, the owner of the famed White Dog Cafe in Philadelphia, founded the Business Alliance for Local Living Economies (BALLE), which now has 80 local chapters in the U.S. and Canada. To spread the local food gospel of the White Dog, Wicks also founded Fair Food, which connects local family farms with city dwellers.



In Lexington, Kentucky, Fresh Stop is an attempt to bring the benefits of community-supported agriculture to those who couldn't normally afford it. Forming partnerships with churches, Fresh Stop asks those who can afford it to pay a bit more for what they buy, which subsidizes those for whom the fresh -- and healthy -- food would otherwise be out of reach.



Whether you're directly involved in a small business or not, I hope you'll check out Small Business America. After all, we're all affected by the well-being of the communities we live in. At least for the time being, real solutions are less likely to come from politicians than from the thousands of people in thousands of communities taking the initiative to connect, share, and create.



I love how human this movement is. It's fueled by technology, but at its core is a real person connecting to another real person. As Twitter founder Biz Stone said of his company: "Twitter is not a triumph of tech. It's a triumph of humanity."



Technology is what will allow this very American movement to scale up and begin to have a real impact. But it's in our backyards and basements that it begins. "To be attached to the subdivision, to love the little platoon we belong to in society, is the first principle (the germ as it were) of public affections," wrote Edmund Burke. "It is the first link in the series by which we proceed towards a love to our country, and to mankind."



Click here to check out Small Business America... and let us know what you think.







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Mine Coverage Taxes BBC <b>News</b> Budget - NYTimes.com

The BBC will cut back on some of its coverage plans for the rest of the year because of the high cost of covering the mine rescue in Chile.

Fox <b>News</b>&#39; Brian Kilmeade: “All Terrorists Are Muslim” « Oliver Willis

19 Responses to “Fox News' Brian Kilmeade: “All Terrorists Are Muslim””. Jay says: October 15, 2010 at 9:13 am. Of course, anybody with a rational mind could understand that Kilmeade was specifically talking about 9/11 and was saying ...

Wii Remote/Motion Plus combo dated Wii <b>News</b> - Page 1 | Eurogamer.net

Read our Wii news of Wii Remote/Motion Plus combo dated.


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benchcraft company portland or

Mine Coverage Taxes BBC <b>News</b> Budget - NYTimes.com

The BBC will cut back on some of its coverage plans for the rest of the year because of the high cost of covering the mine rescue in Chile.

Fox <b>News</b>&#39; Brian Kilmeade: “All Terrorists Are Muslim” « Oliver Willis

19 Responses to “Fox News' Brian Kilmeade: “All Terrorists Are Muslim””. Jay says: October 15, 2010 at 9:13 am. Of course, anybody with a rational mind could understand that Kilmeade was specifically talking about 9/11 and was saying ...

Wii Remote/Motion Plus combo dated Wii <b>News</b> - Page 1 | Eurogamer.net

Read our Wii news of Wii Remote/Motion Plus combo dated.


benchcraft company portland or

(Editor’s note: Patrick Driessen is the CEO of Seed Accelerator, an Asian-Pacific technology startup & business accelerator. He submitted this story to VentureBeat.)


Having started, run and lead various companies since I was 15 years old, I’ve learned a few things about being an entrepreneur – often the hard way. I’ve had successes, failures and massive failures, but each taught me something valuable.


While a lot has been written previously about the key qualities of successful entrepreneurs, I’ve always thought there were a few items that were missing. Sure, things like passion, creativity, self-confidence and coordination skills are helpful, but those just scratch the surface. If you’re an emerging entrepreneur looking to succeed faster, just ask yourself the following questions…


Are you persistent? – There is no “instant gratification” when you’re running your own business. There’s no monthly pay check and you may work very hard for little reward.


If you don’t fully believe in yourself and your business, you’ll find the temptation to quit can be overwhelming. When you make mistakes, it’s important to get past the ego blow and learn the lesson – then use the experience to move forward.


Are you financially responsible? – When you’re your own boss, you’re a CEO, accountant and finance manager wrapped in one. When you start making profits, you’ll need to know how to manage it wisely. Successful entrepreneurs know how to actively manage their P&L balance sheet; especially their cash position.


Do you have the required health and physical condition? – Being the founder of a startup means that you’ll have to put most – if not all – of your time and energy into your new venture. Only founders whose health is able to take the physical punishment of the long hours will make it to the finish. Your best bet? Become your own health coach and build up a regular exercise schedule, practice meditation and make sure to develop an ongoing health & well-being program for yourself.


Can you become the king or queen of sleep? – This sort of goes hand-in-hand with your physical condition. Adequate sleep is often the first thing sacrificed in startups – but that can ultimately have a negative impact. Find a way to sleep a consistent number of hours – and try to compensate with power naps to revive yourself.


Also, as odd as it sounds: Practice daydreaming. Letting your mind wander, especially in the early morning, can help you solve tough problems that may seem impossible when you focus too hard later in the day.


Do you have enough supportive friends & family? – Being an entrepreneur often means having to deal with tough personal, financial and emotional challenges. People around you may doubt your plans, vision and growth strategy.


It can be depressing, which is why it’s important to have a support system – to console you or kick your ass when necessary.


Are you self-motivated? – Without self-motivation, you’re doomed as an entrepreneur, since there’s no one to egg you on or watch over your shoulder. If you’re not, the way to mitigate this risk is pretty simple: Get a business partner.


What’s your personal mission statement in life? – The second of Stephen Covey’s “Seven Habits of Highly Effective People” advises, “Begin with the end in mind”. He recommends formulating a “personal vision statement” to document your perception of your vision in life. It’s good advice. By knowing your own mission and having a view of the big picture, you can help your company grow.


Are you hungry for success? – If you want to be an entrepreneur, you have to think and act as a leader. Business isn’t a hobby you can take lightly. Try that approach and you’ll never achieve true success. Above all else – don’t allow personal affairs interfere with your business.


Next Story: Viewdle raises $10M for facial recognition “in the palm of your hand” Previous Story: Azuray teams with Suntech, Renhe for “smart solar panels”




The latest jobs report came out on Friday. Overall, another 95,000 jobs were lost in September. Maybe they should start calling it the no-jobs report. Ezra Klein crunches the numbers to explain why the addition of 64,000 private sector jobs is pitifully inadequate:



That's about 35,000 less than the 100,000 or so jobs needed to keep up with population growth. It's about 180,000 less than the number of jobs needed to get back to 5 percent unemployment in the next 10 years. It's about 257,000 less than the 320,000 jobs needed to get back to 5 percent unemployment in five years.


In other words, the economy is not bouncing back any time soon. Even worse, it's clear that Washington is not up to the task of creating the conditions for the job growth the country so desperately needs. And as we find ourselves in the silliest stretch of the electoral silly season, it doesn't inspire confidence that the government that emerges on November 2nd will do any better.



A deep-seated cynicism is not an unreasonable response. But I'm pleased to report that hundreds of thousands of Americans across the country are choosing to react by taking action. As a result, a parallel economy is being created by people who, finding there are no jobs, have decided to create their own.


Of course, this burgeoning parallel economy doesn't mean the government is off the hook. But while millions of Americans are waiting for the government to do the right thing in terms of bold infrastructure spending, a payroll tax holiday, etc, etc, many have decided to stop waiting.



Through the creative use of technology, social media, and a focus on community, this new wave of small businesses is making its mark in a true convergence of left and right. At the moment, our government may be can't-do, but more and more of our citizens are solidly can-do -- and irrepressibly American.



To turn a spotlight on this nascent movement and encourage its continued growth, HuffPost is launching Small Business America, a new blog sponsored by FedEx where entrepreneurs can exchange ideas, get advice, and keep up with the latest small business news. Small Business America's contributors will run the gamut from CEOs to mom-and-pop business owners to policy-makers, business writers, professors, and social media experts.



Some of those we'll be featuring in our first week include:



  • Aaron Patzer, founder of the online personal finance site Mint.

  • William Aulet, Managing Director of the MIT Entrepreneurship Center.

  • Karen Mills, Administrator of the Small Business Administration.

  • Tim Westergren, Founder of the online radio site Pandora.

  • Christopher Hytry Derrington, whose company helps firms outsource their work to rural America instead of overseas.




Small Business America will also feature the first-person accounts of people who have already jumped in and started their own business -- as well as those thinking of taking the leap.



One of those forced by circumstances into creating her own business is Brenda Carter, whose story is featured in Third World America. A grandmother living in Marietta, Georgia, Carter had worked as a manager of information systems at the same company for thirteen years. Then, in 2007, she was suddenly laid off. "Imagine getting up every day for 13 years and suddenly that part of your life just ceased," she wrote. "I cried and cried and cried. I just could not believe it."



She didn't know what she was going to do, but then had an idea. Her mother, to help pay the bills as a single mother in New Orleans, had sold pralines door-to-door. "People would knock on our doors at all times of night asking to purchase these pralines," she said. "So as I was sitting at home I thought 'Hey I can do this too! This is something I can do and am comfortable doing.'"



And now she's the proud operator of a growing praline operation -- except instead of selling door-to-door, she's doing it computer-to-computer. Her online store can be found here. "Times are changing and so must we," Carter says. "We need to be supporters of ourselves, otherwise we will not survive."



Americans have a lot of passion and ingenuity, and there is a clear market in helping bring them to market. Enter Etsy.com and Cafe Press, which have now grown large enough to have a multiplier effect rippling across the country.



Etsy was founded in 2005 by Robert Kalin. Then 25, he was an aspiring furniture designer feeling frustrated by his attempts to sell his work online. So he created a streamlined platform for handmade goods of all kinds, and launched it from his apartment.



The site's mission? "To enable people to make a living making things, and to reconnect makers with buyers. Our vision is to build a new economy and present a better choice." Which is exactly what Etsy.com is doing. And along with creating jobs, this new economy is creating connections, and caring, and community. As Kalin said in a 2009 interview:



One of the most important things anyone can do right now is create jobs. What's important is to empower people to make a living, and I support renting and running a 9,000-square-foot workspace in Red Hook, Brooklyn, that provides other small businesses with affordable studio space. And we have big community dinners there once a week for networking and sharing our ideas.


Etsy's effect is being felt far beyond Brooklyn. Colleen Fields, 54, lives in a remote town in the mountains of North Carolina. Two years ago, she was laid off from her job as a newspaper subscriptions manager. "I must have sent out a thousand or more resumés and applications," she told The Huffington Post. "I applied for a job at a convenience store, and they said they had over 200 applicants. It's just crazy. There are no jobs around this area."



A friend suggested she look into Etsy. Not exactly computer literate, she nevertheless gave it a try. In December 2009 she opened her online store, Gemstones and Wire, selling necklaces, earrings and handmade clay vases. She wrote about how some women pay all their family bills with small businesses started through Etsy. "I'm just not one of them yet. I would love to be one of them," she added.



Several other successful sites have followed in Etsy's footsteps. Among them is Bonanza, which, with its "friendliest social community online," aims to put the human element back into e-commerce, "making people relevant again."



Then there is ArtFire, which started two years ago in Tucson, Arizona. It provides a platform for "handmade goods, fine art, vintage, designed items, supplies and media," and aims to "celebrate the unique individuality of artists and crafters around the globe."



Cafe Press was started in 1999. Based in San Mateo, California, the company provides on-demand printing for mugs, t-shirts and products designed by users, "uniting and rewarding self-expression." It now gets 11 million unique visits a month and, with its 6.5 million users, adds around 2,000 new, independent shops and 45,000 new products every day.



Another great example of making a business out of helping people make a business is Recession Wire. Begun in February 2009 by Sara Clemence and Laura Rich, who were laid off when Portfolio magazine folded, and partner Lynn Parramore, the site aims to "chronicle the 'upside of the downturn' through personal stories, helpful advice and reportage on the changes underway in these hard times."



In its small business section, the site features articles like: "How to Bootstrap Your New Business Wisely," "Don't Close Your Business, Change It," and "A Cool, Free Way to Figure Out a Business Idea's Potential."



At Inc.com, the website of Inc. Magazine, the editors aim to provide "advice, tools, and services, to help business owners and CEOs start, run, and grow their businesses more successfully." Its start-up section includes advice on writing a business plan, running a home-based business, naming a business, how to incorporate, and financing.



StartupNation bills itself as a "free service founded by entrepreneurs for entrepreneurs." Headed by Jeff and Rich Sloan, two experienced entrepreneurs, who started the site to share their "years of in-the-trenches experience," the site features blogs, forums, advice, and networking tools.



Micro-financing, another entrepreneurship model greatly enhanced by the web, has been around for awhile. But the founders of InVenture Fund wanted to take the model to the next step. It was launched in October 2009 because, as the site says, "traditional microfinance models weren't doing enough to lift communities out of poverty." The problem was that the 75 million or so borrowers around the world were locked into loans they had to repay, sometimes at interest rates of 30 percent. InVenture finds microloan recipients who have good track records and gives them the financing to expand, with no fixed repayment schedule. "Give entrepreneurs an opportunity for real financial and social growth," the site says, "and they'll lift not just themselves but their communities out of poverty." A portion of the site's profits is then invested in responsible community programs, like clean water and education.



Indeed, one of the hallmarks of this entrepreneurial movement is community -- including an emphasis on local food, local agriculture, and sustainable business practices. One of the ironies of this new wave of small businesses is how the global reach of the web has been so pivotal in connecting people to their own communities.



Judy Wicks, the owner of the famed White Dog Cafe in Philadelphia, founded the Business Alliance for Local Living Economies (BALLE), which now has 80 local chapters in the U.S. and Canada. To spread the local food gospel of the White Dog, Wicks also founded Fair Food, which connects local family farms with city dwellers.



In Lexington, Kentucky, Fresh Stop is an attempt to bring the benefits of community-supported agriculture to those who couldn't normally afford it. Forming partnerships with churches, Fresh Stop asks those who can afford it to pay a bit more for what they buy, which subsidizes those for whom the fresh -- and healthy -- food would otherwise be out of reach.



Whether you're directly involved in a small business or not, I hope you'll check out Small Business America. After all, we're all affected by the well-being of the communities we live in. At least for the time being, real solutions are less likely to come from politicians than from the thousands of people in thousands of communities taking the initiative to connect, share, and create.



I love how human this movement is. It's fueled by technology, but at its core is a real person connecting to another real person. As Twitter founder Biz Stone said of his company: "Twitter is not a triumph of tech. It's a triumph of humanity."



Technology is what will allow this very American movement to scale up and begin to have a real impact. But it's in our backyards and basements that it begins. "To be attached to the subdivision, to love the little platoon we belong to in society, is the first principle (the germ as it were) of public affections," wrote Edmund Burke. "It is the first link in the series by which we proceed towards a love to our country, and to mankind."



Click here to check out Small Business America... and let us know what you think.







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19 Responses to “Fox News' Brian Kilmeade: “All Terrorists Are Muslim””. Jay says: October 15, 2010 at 9:13 am. Of course, anybody with a rational mind could understand that Kilmeade was specifically talking about 9/11 and was saying ...

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Mine Coverage Taxes BBC <b>News</b> Budget - NYTimes.com

The BBC will cut back on some of its coverage plans for the rest of the year because of the high cost of covering the mine rescue in Chile.

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19 Responses to “Fox News' Brian Kilmeade: “All Terrorists Are Muslim””. Jay says: October 15, 2010 at 9:13 am. Of course, anybody with a rational mind could understand that Kilmeade was specifically talking about 9/11 and was saying ...

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Mine Coverage Taxes BBC <b>News</b> Budget - NYTimes.com

The BBC will cut back on some of its coverage plans for the rest of the year because of the high cost of covering the mine rescue in Chile.

Fox <b>News</b>&#39; Brian Kilmeade: “All Terrorists Are Muslim” « Oliver Willis

19 Responses to “Fox News' Brian Kilmeade: “All Terrorists Are Muslim””. Jay says: October 15, 2010 at 9:13 am. Of course, anybody with a rational mind could understand that Kilmeade was specifically talking about 9/11 and was saying ...

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The BBC will cut back on some of its coverage plans for the rest of the year because of the high cost of covering the mine rescue in Chile.

Fox <b>News</b>&#39; Brian Kilmeade: “All Terrorists Are Muslim” « Oliver Willis

19 Responses to “Fox News' Brian Kilmeade: “All Terrorists Are Muslim””. Jay says: October 15, 2010 at 9:13 am. Of course, anybody with a rational mind could understand that Kilmeade was specifically talking about 9/11 and was saying ...

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When you sign up to participate in a 401(k) plan at work, you may have the chance to choose between the different mutual funds the plan offers. Also, when you invest privately, mutual funds can be a good way of starting out as an investor or to diversify your portfolio if you already have investments. In both cases, you want to know which mutual fund is the best for you. And it may be possible that it is to your advantage to invest in more than one mutual fund.

There are many different mutual funds for many different preferences, and undoubtedly there are various that can suit you. For your 401(k) plan, you will probably be presented with a list of the mutual funds in which you can invest. And even when the list is limited, there will probably be alternatives that accommodate your objectives.

When you are thinking about investing in one or more mutual funds on your own account, you have the whole range of possibilities to choose from. By establishing some criteria and doing some research and evaluation, you can select the mutual funds that are most advantageous for you.

Your Own Investment Objectives

What you should consider first when selecting a mutual fund is your own financial situation and what you want to get out of your investment. Some factors to consider are your age, your income, your savings and other investments, your risk tolerance, your need for security in your investments, and your plans for the future.

Life Cycle

When you depend on your 401(k) for your retirement and are nearing retirement age, it will be important that the mutual funds you select offer you the degree of security you need. In this case, mutual funds that invest in federal government bonds or high quality bonds issued by large companies, where the risk is minimal, will probably be advantageous for you.

When you are younger and the 401(k) plan constitutes your only investment, it may be preferable to have a combination of mutual funds, some that provide a greater degree of security and others that offer a greater return in exchange for a little more risk. You could also choose a mutual fund that invests in bonds, for security, and a combination of other funds that invest in stocks, in order to generate a higher return in exchange for more risk.

One strategy for investing and diversifying your mutual fund portfolio is according to life cycle. According to this strategy, the composition of mutual funds changes as you get older. A younger investor would have a large percentage of the portfolio in variable income mutual funds, maybe in growth funds, and an older investor would have a greater percentage in fixed income funds that are more secure.

Security, Risk, and Return

Each person has his or her own preferences with regard to the security of investments and the selection of mutual funds should reflect these preferences. For a conservative investor, the best option may be mutual funds that invest exclusively in money market bonds or securities. Mutual funds that invest in U.S. Treasury bonds are among the safest. For a more aggressive investor, there are growth funds and funds that invest exclusively in stocks of companies in emerging markets.

It is also possible to invest in balanced mutual funds that manage a combination of investments in different instruments, in order to offer security and at the same time generate a reasonable return. Another possibility is index funds that try to mitigate risk and generate returns by making investments based on some general index, with the idea that the return will not beat the market, nor will it be worse. You can achieve a balance between security and greater returns in exchange for greater risks by having investments in different types of mutual funds at the same time.

Diversification

Diversification is an aspect closely related to security. If you have all your money in just one type of investment, you run a greater risk of loss. When you have your investments distributed among different instruments and funds, you are mitigating the risk. But in addition to protecting you against the risk of loss, diversification also serves to take advantage of good opportunities that arise in different securities, companies, market segments, and regions of the world at different times.

You can diversify your portfolio of investments among fixed income investments, such as savings accounts, and money market instruments like certificates of deposit, and mutual funds that invest in bonds; and variable income investments such as mutual funds that invest in stocks. And you can diversify your portfolio even more if you have investments in mutual funds that invest in large-cap, mid-cap, and small-cap companies; funds that invest in different sectors of the market, such as technology, finance, manufacturing, services, telecommunications, and retail; and international mutual funds that invest in a particular region of the world, or in emerging markets.

Yield

You want to invest in a successful mutual fund that generates gains and not losses. The success of a mutual fund depends on its management team and the investment decisions it makes, the performance of the companies in which the fund invests, and economic conditions in general. The yield for you as an investor will also depend on the commissions and fees the mutual fund charges you.

When you are evaluating the yield of a mutual fund, you should take into account:

The fund's objective:
When the objective of the fund is to invest in Treasury bonds, you cannot expect a rate of return greater than the effective interest rate these instruments pay. On the other hand, for a growth fund, the expected return is greater. Likewise, when you are evaluating a mutual fund that invests exclusively abroad, the expected return may be different than the return you could expect from funds that invest in the U.S., and could be higher or lower, depending on economic and market conditions in different parts of the world.

The fund's historical performance:
Although past performance is no guarantee of future performance, by reviewing a fund's performance during the past few years, you can gain an idea of the fund's success. In order to see a trend in the fund's performance, you should look at several years and not just the last year or the best year.

The overall performance of the securities market:
When the indices of all the securities exchanges are rising, you could reasonably expect that the yield of the mutual fund you are evaluating would also rise. And on the contrary, when economic conditions in general are difficult, the expectation for a mutual fund in particular should take these conditions into account.

How the mutual fund's performance compares with the principal indices and with other funds:
It's important to compare similar mutual funds according to their investment objectives. For example, it's not reasonable to compare the return of a mutual fund that invests in government bonds with a growth fund that invests in stocks. But it would be reasonable to expect a diversified mutual fund that invests in stocks in all segments of the market to yield a return equal to or better than the overall average for the corresponding index.

Mutual fund expenses:
The commissions and fees you pay could determine whether you have a net gain or loss on your investment, or could at least decrease your gain or increase your loss. For example, if the mutual fund charges you a commission of 5% when you open your account, the fund would have to generate a return of more than 5% in order for you to realize a gain on your investment.

Turnover in the mutual fund:
This is the frequency with which securities are bought and sold in the fund. A high rate of turnover could make the return more unstable, depending on movements in the market for the securities.

The Prospectus

When you want to know more about a particular mutual fund, you can study a report called the prospectus. When you choose the funds in which you want to invest the money you have in your 401(k) plan, your employer may be able to provide you with this report. And when you are thinking about investing in a mutual fund on your own account, you can request a prospectus directly from the mutual fund itself, or through your securities broker.

The prospectus is a report that explains the technical aspects of the administration of the fund and sets out the objectives and policies of the fund, in terms of whether it is a fixed income, variable income, growth, income, or balanced mutual fund. The prospectus includes a general description of the fund and the investments the fund makes, whether in bonds, stocks, other instruments, or some combination. It may include an indication of the types of companies in which the fund invests, when the fund invests mainly in stocks, or the types of bonds the fund purchases, when it invests principally in bonds.

The prospectus contains financial information that shows the gains, in dividends, interest, and capital gains paid per share, the total income and expenses per year, and the fund's annual yield. There will be an indication of how the fund's administrative costs are charged, whether in the form of commissions that are charged when you buy shares in the fund, which is called a front-end load fund, or when you sell or redeem your shares, which is called a back-end load fund. Or there could be just fixed fees in the case of a mutual fund that does not charge commissions, which is a no-load fund.

There may be an explanation of the potential risks of investing in the fund, and the strategies the fund manager uses to mitigate those risks. The prospectus may also include more information regarding its management, such as a description of the management team, its experience and possibly the names of the members of the board of directors.

There should also be an explanation of the fund's operations, such as how to open an account, whether you can perform transactions by telephone, how reinvestments and withdrawals are done, and how dividends and other distributions are paid. And the prospectus will indicate the taxes that apply on income from the mutual fund and how the income is reported for tax purposes.

For More Information

The financial section of the newspaper normally has tables of mutual funds with daily quotes and other information. There are personal finance magazines that have articles and news on mutual funds. In the Internet, you can find a great deal of information on mutual funds in the following websites among others:

Bloomberg: www.bloomberg.com/markets.mutualfunds
Business Week: http://bwnt.businessweek.com/mutual_fund
CNN Money: http://money.cnn.com
Forbes: www.forbes.com/personalfinance/funds
Kiplinger Mutual Fund Center: www.kiplinger.com/investing/fundcenter
Market Watch: www.marketwatch.com/funds
Morningstar: www.morningstar.com
Standard and Poors (S&P): www2.standardandpoors.com
Yahoo Finance - Mutual Funds Center: http://finance.yahoo.com/funds



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Mine Coverage Taxes BBC <b>News</b> Budget - NYTimes.com

The BBC will cut back on some of its coverage plans for the rest of the year because of the high cost of covering the mine rescue in Chile.

Fox <b>News</b>&#39; Brian Kilmeade: “All Terrorists Are Muslim” « Oliver Willis

19 Responses to “Fox News' Brian Kilmeade: “All Terrorists Are Muslim””. Jay says: October 15, 2010 at 9:13 am. Of course, anybody with a rational mind could understand that Kilmeade was specifically talking about 9/11 and was saying ...

Wii Remote/Motion Plus combo dated Wii <b>News</b> - Page 1 | Eurogamer.net

Read our Wii news of Wii Remote/Motion Plus combo dated.


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Mine Coverage Taxes BBC <b>News</b> Budget - NYTimes.com

The BBC will cut back on some of its coverage plans for the rest of the year because of the high cost of covering the mine rescue in Chile.

Fox <b>News</b>&#39; Brian Kilmeade: “All Terrorists Are Muslim” « Oliver Willis

19 Responses to “Fox News' Brian Kilmeade: “All Terrorists Are Muslim””. Jay says: October 15, 2010 at 9:13 am. Of course, anybody with a rational mind could understand that Kilmeade was specifically talking about 9/11 and was saying ...

Wii Remote/Motion Plus combo dated Wii <b>News</b> - Page 1 | Eurogamer.net

Read our Wii news of Wii Remote/Motion Plus combo dated.


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