4 Ways Diversity Is Directly Linked to Profitability

Recruiting employees from different backgrounds is the surest way to stay competitive. February 14, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. Workforce diversity is becoming an increasingly vital component in the business world. There is good reason for this trend. Research shows that more diverse staffs have been linked to rising company productivity levels, which directly correlate with increased profitability. In fact, Barron’s recently published an article highlighting the many ways diversity has measurable impacts on firms’s success. In short, today’s businesses simply cannot afford to ignore diversity when hiring. Bottom lines are impacted by diversity across the board: gender and sexuality, ethnicity — even age, which is often overlooked as a category of potential discrimination. Understanding how diversity of all types affects profitability is the first step to incorporating this broader-minded philosophy into a company’s culture. Below are four ways diversity impacts the bottom line […]

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Why the Myth of the College-Dropout Billionaire Is So Enticing

Ivy League dropout successes are, in fact, the vast exception to the rule. February 12, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Every few months (or weeks, depending on where you look or listen), you’ll hear about some new college dropout who became a billionaire or multi-millionaire after starting a revolutionary business. And for accuracy’s sake, there are lots of real examples here. Some of the most iconic entrepreneurs of our time have been college dropouts, including Bill Gates, Steve Jobs, Mark Zuckerberg and Larry Ellison, all of whom quit school and went on to make it onto world’s-wealthiest lists. But the concept of the college-dropout billionaire is at best misleading and at worst a fundamental myth of our culture. So why is this myth so enticing and so pervasive? The Myth of the College-Dropout Billionaire Let’s start by dissecting why the college-dropout billionaire archetype is problematic. Anecdotal examples like those above […]

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How to Become a Successful Gaming Entrepreneur

The doors are open for more people to monetize enthusiasm surrounding this $150 billion industry. February 12, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Tech is obscuring the lines between the dream world and real world. As Morpheus explains to Neo in the 1999 film The Matrix, what’s real is “simply electrical signals interpreted by your brain.” Gamers play an average of seven hours each week, according to a 2019 report by Limelight Networks, and they spend even more time on Twitch and YouTube watching their peers. Games versus schoolwork? No contest. Video games are far more thrilling than algebra.  Players increasingly move forth in their real-world lives viewing adversity as mere gamified challenges to be overcome (and score points from). So long as developers have the budget to code a fictitious activity into a game, a universe of fancy avatars makes anything possible. And in turn, the doors are […]

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Disney+ Reaches 28.6 Million Subscribers Since November Launch

Disney’s CEO said most of the subscribers to Disney+ came from the U.S. But going forward, the company expects new subscribers to come from foreign markets as the streaming service expands to more European countries and India this March. February 5, 2020 2 min read This story originally appeared on PC Mag The strong start for Disney+ continues. On Tuesday, Disney announced the company’s streaming service has attracted 28.6 million paid subscribers as of today, up from the 10 million+ sign-ups it attracted on launch day back in November. “The launch of Disney+ has been enormously successful, exceeding even our greatest expectations,” company CEO Bob Iger said in an earnings call. He credited the streaming service’s success to the Disney library, which includes the classic TV series The Simpsons, along with the new Star Wars-themed show, The Mandalorian. Iger called the The Mandalorian a “bona-fide hit” and pop culture phenomenon, thanks in part to one of the show’s characters […]

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How to Think About the Future of Retail

As long as customers crave control and unique experiences, brick and mortar will never go away. January 30, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. Many believe that “retail is dead.” Now that you can order an avocado off Amazon and online shopping is far more convenient than hitting the local mall, people look at brick and mortar stores as a thing of the past. But how true is this statement, really? According to the U.S. Census Department, U.S. retail sales grew by 0.2 percent last year, and online sales grew by 11.5 percent. This is to be expected, simply because of the ease in ordering with the click of a computer mouse and the wide availability of options available. And, more deeply, with so many hours logged on social media and the rise of targeted ads, it’s easier to find what you didn’t even know […]

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5 Ways to Make Your Business More Sustainable

Going forward, environmentally conscious practices will be entrepreneurship’s hottest innovation. January 24, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. Unless you’ve been living under a rock, you know that climate change is the biggest challenge we as individuals and as a species have ever had to face. The earth is in grave danger, and we all need to dig deep, step up to the plate and do all we can to turn a corner for a better future. Thankfully, more and more businesses are realizing that the only innovation that truly matters in the modern marketplace is sustainability.  But sustainable business practices aren’t just right for the planet; they can also work miracles for the reputation of your brand and your bottom line. Here’s how you can join the sustainability revolution and innovate to create a brighter dawn. Related: What You Can Learn From the Rise […]

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Amazon Versus Walmart Is a Blueprint for Competitive Advantage

The battle between these giants of e-commerce should inspire all entrepreneurs. January 22, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. We are all aware of how important Amazon has become in the e-commerce space, but people in the U.S. are starting to shift their allegiances. For a long time, Amazon has seemed to have little competition as it dominates online shopping both in the size of its inventory and the inventiveness of its service offering. After the acquisition of Whole Foods in 2016, it became clear that Amazon intended to move into the online grocery market, and shareholder confidence seemed to act accordingly. However, over the last three years, Walmart has quietly been evolving their own online shopping experience, and for the first time, they have overtaken Amazon in consumer confidence.   How Has Walmart Pulled Ahead?  According to First Insight, 53 percent of shoppers favored Amazon over […]

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How Fintech Innovations are Eroding Banking’s Dominance

Cryptocurrency and peer-to-peer lending are helping upend norms in consumer finance. January 21, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. It’s an old adage: Dinosaurs don’t move fast enough, which gives agile creatures (or companies) an ability to survive and even thrive. Banks’s dominance over money is eroding. That may surprise traditionalists, given that financial services is the largest sector in the world and that big banks have powerful allies in politicians. However, technology and evolving paradigms are giving fintech ventures an edge when it comes to offering new financial products, services and practices that improve the customer experience.  There’s also the issue of trust. Just 41 percent of Americans trust banks, while 27 percent are angry about the economy, according to a 2018 joint survey by University of Chicago and Northwestern University. That’s creating a culture in Main Street that’s suspicious of Wall Street. Aside from mistrust, technological trends […]

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How Startups Helped Birmingham Bounce Back

An abandoned Sears and a $550 million sale to Target are driving this Magic City. January 17, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. The most interesting place I visited in 2019 was Birmingham, Alabama. It wasn’t my first time. I spoke at the University of Alabama at Birmingham (UAB) in 2015 and had a great experience, but what changed over the ensuing four years was an absolute shift in energy, an upward trajectory.  Chances are, you’re not in the market to move to Alabama, but plenty of startups have. And the most important takeaway from this mid-sized surge city’s story is how each city, your city, can support startup growth going forward.  Shipt is the most notable, homegrown addition to Birmingham and its skyline. Walk around downtown and you won’t miss its green spaceship logo. Selling to Target for $550 million in late 2017 was the kind of […]

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The Top 5 CBD Gummies on the Market Right Now

From flavor to function, we’ve got you covered. January 12, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Over the last few years, the usage of CBD has continued to increase. In fact, one in seven Americans reported that they use CBD-based products for therapeutic benefits. While there are many different ways that CBD can be ingested, candies and gummies have become some of the most popular products. After all, what’s easier (or tastier) than a chewy, fruity gummy? Whether you’re looking for a gift for your friend or are interested in CBD gummies for your own benefit, be aware that not all products are made equal. To save time and money, we’ve done all of the important research for you. Keep reading to learn about five of the best CBD gummies on the market right now. Related: CBD Gummies: The Good, the Bad and the Ugly. […]

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Meatable Is Working on Producing Meat From Animal Cells

Plus, Rock Paper Coin vows to make wedding planning easier, and Arta is a powerful suite of digital tools backed by a team of logistics experts. January 10, 2020 2 min read Opinions expressed by Entrepreneur contributors are their own. Meatable is one of several companies working on the production of meat derived from animal cells. This method of meat production theoretically has a far smaller carbon emissions footprint and is better for the environment than traditional animal farming. Meatable is one of the first companies to focus its attention to the other white meat. The startup is hoping to have an industry-scale plant online manufacturing thousands of kilograms of meat by 2025. Rock Paper Coin vows to make wedding planning easier with its payment and contract platform. It simplifies the paperwork so you can spend more time on the important wedding and event details like planning and creating your vision. […]

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It’s Time to Prepare for a Multi-Cloud Future

Business are increasingly turning to more than one provider for data storage. January 6, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. Clouds are on the horizon. No, not just outside your window, but in every corner of your business. Your business likely needs more than one cloud-based service provider. So in a multi-cloud world, where do you turn for your 30,000-foot view?  It’s the next chapter in a story that we’ve seen rapidly unfolding over the past few years, and for good reason. Cloud solutions offer clear advantages when it comes to cost, scalability and reliability. For small- and medium-sized enterprises, it’s meant hassle-free access to the newest and best cloud-based tools or freeing up precious time and IT resources previously spent on maintaining a room full of servers. And increasingly, businesses aren’t content to settle down with just one cloud-based service provider. In a TechRepublic survey […]

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Why Entrepreneurs Should Be More Worried About Uber Than AB5

Small-business owners have much more to lose when it comes to California’s confusing law change. January 6, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. On one side of the street were truckers, blaring horns and demanding the right to stay independent. On the other, Uber and Lyft drivers, demanding the right to become employees. This recent scene on the streets of San Francisco acted as a microcosm of the confusion and complexity that California Assembly Bill 5 (AB5) has introduced. Meant to restrain the gig economy created by Uber and Lyft, AB5 essentially makes it tougher for workers to be classified as independent contractors. And while the law is limited for now to California, it is likely the template for legislation to come from other states around the country. AB5 has set off intense debate about what constitutes an employee, and whether the law is really […]

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What You Can Learn From the Rise of Sustainability-Focused Entrepreneurship

Just a decade after the ‘Cleantech Crash,’ a daring group is challenging the status quo. January 5, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. A few months ago, I was standing outside a Demo Day event in the heart of Silicon Valley. With the temperature approaching 90 degrees, I was beginning to feel the heat, and I wasn’t the only one sweating; with various entrepreneurs running from investor to investor, you could feel a palpable nervous energy in the air. And yet, something struck me as different. Nearly every entrepreneur was discretely focused on building an outwardly sustainable enterprise. From alternatives to plastic packaging to next-generation milk replacements, this crop of entrepreneurs placed sustainability benefits front and center as a product attribute. Additionally, they were looking for investors that shared their vision of a more equitable and sustainable world. This is somewhat surprising, especially when you […]

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4 Hot Tech Trends in Senior Care

As the elderly population grows, entrepreneurs can expand opportunities along with it. January 3, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. When most of us think about senior care, we think of retirement homes with yellowing wallpaper and a boxy television in the corner. However, 20 percent of the population will be represented by older adults by the year 2050, according to AARP. Senior care is a burgeoning market that is rife with new tech opportunities, especially since the assumption that the elderly don’t use technology is inaccurate. Digital innovation is indeed being embraced by the senior-caregiving community, and seniors themselves are using technology more and more. AARP likewise reports that 94 percent of people over the age of 50 use technology to keep in touch with loved ones, and 80 percent of people between the ages of 50 and 64 own and use smartphones. So […]

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‘Don’t Be Evil’ Motto Is Dead

Ross LaJeunesse, Google’s former head of international relations, published a scathing 2,175-word blog post about his former employer. January 3, 2020 3 min read This story originally appeared on PCMag Google is facing criticism from a former company executive, who claims the tech giant prioritizes profits over human rights. “The company’s motto used to be ‘Don’t be evil.’ Things have changed,” Ross LaJeunesse, Google’s former head of international relations, who left the company last year, wrote in a scathing 2,175-word blog post published today. Related: How Google’s Youngest-Ever Hire Launched an AI Company Backed by Mark Cuban (Podcast) LaJeunesse pointed to Google’s Project Dragonfly, a now-abandoned effort to re-enter the Chinese market with a censored search engine, which reportedly would’ve allowed Chinese authorities to track users’ search history. It axed Dragonfly after pushback from lawmakers and employees, but LaJeunesse claims the episode is evidence of Google’s “Greed and abuse of power.” This story is bigger than me, and […]

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Amazon Employees Say They Were Threatened for Climate Change Criticism

The Washington Post reports that the employees were told future communication policy violations could lead to termination. January 2, 2020 2 min read This story originally appeared on Engadget Two Amazon employees who spoke out against the company’s environmental policies say they were threatened with termination if they continue to violate the company’s external communications policy, The Washington Post reports. In October, the employees, Maren Costa and Jamie Kowalski, told The Washington Post that Amazon contributes to climate change by supporting oil- and gas-company exploration with its cloud computing business. Both employees say they were subsequently called into meetings with human resources, where they were accused of violating the company’s external communications policy. Costa says she then received an email from a company lawyer, who claimed future violations could “result in formal corrective action, up to and including termination of your employment with Amazon.” Kowlanski says she received a similar email. Related: Breaking Down How Amazon Makes Its […]

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Elon Musk Says Disney+ Is Coming to Teslas ‘Soon’

Elon Musk tweeted that Baby Yoda is “coming soon” to a Tesla near you. December 27, 2019 1 min read This story originally appeared on Engadget Disney+ is coming to Tesla’s theater mode, at least according to a tweet from CEO Elon Musk. In response to a question about bringing Disney’s service to Tesla vehicles, Musk responded “Coming soon.” It means that, at some point in the not-too-distant future, you’ll be able to enjoy The Mandalorian in your car. And that there’s another thing you can boast about to your friends who can’t watch TV — while parked — on their ICI. Coming soon — Elon Musk (@elonmusk) December 26, 2019 Theater Mode was rolled out as part of the Version 10.0 update earlier this year and allowed people to use their Tesla’s screen for more than just controlling the car. Initially, it offered Netflix, YouTube and Hulu options (as well as local […]

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Bill Gates Played Secret Santa for a Lucky Person on the Internet — Here’s Everything She Got in Her 81-Pound Package

A Michigan woman named Shelby received an 81-pound secret Santa package from the billionaire Bill Gates. December 27, 2019 3 min read This story originally appeared on Business Insider A Reddit user from Michigan was the lucky recipient of a massive holiday package from Microsoft co-founder Bill Gates. A Detroit-area woman named Shelby signed up for a gift exchange organized by the subreddit r/SecretSanta and RedditGifts.com and received an 81-pound box from a user named thisisbillgates on December 18, along with a donation to the American Heart Association to honor her late mother. Related: Bill Gates’s Top 5 Books of 2019 Shelby has participated in 95 gift exchanges on RedditGifts and told MarketWatch she’d always thought it would be interesting to be matched with Gates. The billionaire philanthropist has been participating in Reddit secret Santa exchanges for more than five years and makes a point to find personal gifts for each recipient based on the gift […]

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Fortnite Is the United States’ Favorite Video Game

But not every part of the country agrees that Fortnite is the best. Here’s a state-by-state breakdown of the most popular games. December 26, 2019 1 min read This story originally appeared on PCMag Fortnite fans who were used to living on its embattled Earth were plunged into a black hole of despair a few days ago when the game went dark. Fortnite Chapter 2 has come into existence, and it was a huge relief to a significant portion of the United States. Fortnite is one of the most popular games in the country, according to Satellite Internet, which amassed gaming statistics to determine each state’s favorite game based on search. The game claims the top spot in 20 states spread across the country. Credit: Satellite Internet Coming in second is Call of Duty: Modern Warfare, which isn’t even out until October 25. Nonetheless, in eight states, it’s the most-searched-for game. Meanwhile, […]

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