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It’s simple to use, takes only a few seconds to do and it is totally addicting. No it is not a drug, it is Twitter. This micro-blog/social network has been experiencing rapid growth & acceptance. When the terror attacks happened in Mumbai, news started flowing almost immediately through Twitter. The power of communication on Twitter is so strong, that Barack Obama used it during his campaign with over 160,000 followers who received his announcements. Given all this exciting growth, perhaps it’s time to peel back the layers and begin to generate some insight into what this all means.
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As we exit 2008, it will certainly go down in history as one of the most historical yet challenging years in recent memory. However, even as we put the year’s challenges behind us, business-wise, there are still many uncertainties that abound, which will certainly impact us in 2009 and beyond. Let’s take a look at some of them.
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Have you ever wondered about success, either for yourself or what has helped someone else? Have you ever tried to uncover whatever “it” is that catapults some individuals to success and leaves most others stuck on the launch pad. Since this blog focuses on a variety of perspectives that can enhance the success of senior business leader, we are going to focus on a book about success and an interesting perspective it offers. Malcolm Gladwell, the author of Blink and Tipping Point, is out with his latest work titled “Outliers: The Story of Success”. In the marketing of this book he caught my attention. He noted that success isn’t directly attributable to intelligence and ambition, but to things that surround us like customs, family, quirks of timing or perhaps the year we were born. So does this book have the “huh factor” and does Mr. Gladwell deliver?
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This post is going to deviate from the norm and not focus on business. Instead, I will share my experience of watching (from a distance) the shuttle Endeavor launch on Friday evening. If the opportunity ever comes up for you to see one of the remaining shuttle launches, and the weather cooperates, you will be in for an awe inspiring event. As many of you know, NASA has shied away from night launches since the Columbia accident. Thus Friday night’s launch was a very rare occasion.
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Earlier this week, a friend was mentioning a discussion he had with a common acquaintance of ours. This acquaintance, said, “he gave up on LinkedIn & social networking as he simply didn’t see any benefit for himself to continue to pursue it”. This seems to be a common frustration, yet with LinkedIn now over 30,000,000 registered users and growing at more than 1.2 million users per month and having raised a roughly $100 million in venture funding, clearly they are doing “something right” for social networkers. Let’s try to examine this dichotomy further.
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Food Prices are rising, gas & oil are still very high and home prices continue to decline. Now given the economic crisis on Wall Street, what if you lose your job? As senior business leaders, you know that the higher up you go, the fewer jobs that exist. Hence, if you lose your job, where will you turn to continue to generate a cash flow amidst this economic turbulence? Given a lack of employment opportunities, many people choose the freelance route. In this post, we will help identify things you need to be aware of if you choose this path.
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This is probably the $1 billion question that Linkedin is answering internally and boy do we wish we had a crystal ball to forecast this. Let’s start our analysis for this by looking at a possible strategic direction the company may entertain and progress with our analysis down to the user level.
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Over the last couple of weeks, I have met with people that are working on some very interesting things. One of the most interesting meetings I participated in, consisted of a “deal broker” that has sold tens of millions over the last two decades and “a business relationship broker” that has built a very powerful networking group. The people I met with were highly energetic, initiative driven individuals who are building out their revenue plan including beginning to leverage social media. A big topic for discussion in that meeting as well as almost all the others I’ve been part of recently was, “what can I do via the web to enhance growth potential”?
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From time to time, we are going to take an in depth look at specific business verticals and discuss how key elements might impact their future.
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On a day to day basis, we are so busy running our businesses that we often get a little too close to our business. We end up seeing the eyelash on a gnat but we don’t see the bird about to gobble up the gnat. Rough metaphor, but it highlights a challenge many of us face as business leaders and that is, we are so stuck in the details that we can’t see the bigger picture. What if you had a group of success-oriented professionals that can function as your “reality-check” and help you see things you might overlook or come up with ideas that you may not think of?
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