Mike Baur is the founder of the Swiss Startup Factory, a company that helps out young people who are trying to start successful businesses.
He was interviewed by Red Bull, a German newspaper online. He was asked during the interview whether he thinks that it is a good idea to share your business ideas with others. After all, perhaps you should try to protect your business ideas and keep them a secret. This way, you do not have to worry about someone else stealing your idea and starting a business in the same field.
Mike Baur answered that you should always share your business ideas. He stressed the word always. There are many reasons for this, besides that you want to be someone with a good character and who wants to inspire others. He said that if you are able to share your ideas with others, you will be able to get feedback from them. Someone else will be able to tell you what their own perspective of the idea is. You may have missed something that could change the entire business plan you had in your mind. It may be something that you missed that would ruin your business plan. It may also be something that you missed that would have been able to double your profits. You do not know. Therefore, always share your ideas with other people. Another reason why you should share your ideas is that you may inspire other people and get them to be passionate about your business idea. Do not be cynical and think they will try to compete with you. You can get them on your team instead. They will be able to work with you and help you succeed. Do not underestimate the value of a team. Teamwork is great because two people can get more done than one person. There is another benefit, and that is the value of networking. Networking and having a wider network is always beneficial.
Mike Baur added that if you start a business, you will fall at some point or another. That is good. If you fail, you learn something and you are able to do something that is much better than what you did before. You have to analyze your mistakes and get ahead by changing things the next time that you try to build a business.
Ask anyone who has achieved financial freedom, none of them achieved it through employment. They did it through investment. Some business teachers refer to it as letting your money work for you. Since many who are employed desire this, they try investing in one company after the other. Some become successful and rich in no time while others fail terribly.
The difference between those who fail and those who succeed is in the information they receive. In order to decide which company to invest in, an investor needs to have information about the company. For instance, what is their financial strategy? What are their fundamentals? What is their payment strategy?
Some companies intentionally deceive investors by feeding them wrong information. Instead of giving potential investors information on how they will profit from their investment, they hype the profits investors will be able to gain from the investment. This is misleading. If the company does not have good strategies, the investment will not be profitable in the long run.
Sahm Adrangi is an investment manager who focuses on fundamentally oriented investments. He is the founder of Karissdale capital, an investment firm based in New York. Kerrisdale focuses on long term investments and event driven situations. They also share investment insights with their clients through their website. As of December 31 2008, Kerisdale manages assets worth over 1.2 billion US dollars.
Mr Sahm Adrangi is known to publish negative reportson companies that over hype their investments. Every time he declares his short stand on a company and its price falls, his company stands to gain. His main aim in doing this is to save the investor from losing money in the long run. The negative report he gave on Kodak at the beginning of the year for instance, explained the flaws in the information given to investors. Since the company lacked good fundamentals, those who invested would suffer loss in the end. Recently, Mr Sahm Adrangi issued a negative report concerning Proteostasis Therapeutics, Inc.
In issuing negative reports on companies that overhype their stocks, Sahm Adrangi has been a great help in streamlining the investment industry. Companies and stock brokers now have to be keen on the information they give their potential investors. Other that just talking about the money investors may make, they have to take care of how the investors will benefit in the long run.
Louis R. Chênevert will never forget the worst job he ever had. That job, a line supervisor in a General Motors assembly plant, was the foundation of what would become an impressive career.
Louis Chênevert spent 14 years climbing the ranks at GM. Chênevert was also the President of aerospace company Pratt and Whitney for nearly seven years, but he’s best known for being the driving force behind United Technologies Corporation.
United Technologies Corporation(UTC) specializes in the research, development and production of everything from aerospace technologies and aircraft engines to escalators and fire systems. The Connecticut company also handles several government contracts.
Chênevert credits his success in part to his razor-sharp focus and ability to think outside the box. Louis Chênevert has also demonstrated exceptional foresight throughout his career. While acting as President of Pratt and Whitney, a subsidiary of UTC, Chênevert recognized the potential of the GTF jet engine. His success at Pratt and Whitney earned him the President and CEO position at UTC, and he pushed for further research and development of the GTF engine. Because of his passion and perseverance, the GTF engine eventually changed the way the industry looked at jet engines.
The GTF engine wasn’t the only game-changing development attributed to Louis Chênevert. Chênevert also oversaw the acquisition of the Goodrich Corporation. In an $18 billion deal, UTC purchased the aerospace manufacturing company, allowing UTC to significantly reduce production costs and evolve into a multinational conglomerate known as UTC Aerospace Systems.
While Chênevert no longer acts as President and CEO of UTC, he still finds the rapid rate of growth in technology exciting. He advises young entrepreneurs to surround themselves with the right people and to put the main focus on the customer.
Louis R. Chênevert is now semi-retired but has remained active in the business world as the Senior Industry Advisor of Goldman Sachs Merchant Banking Division, a member of Board of Directors of Cargill, Chairman of Yale Cancer Center’s Advisory Board and Chairman of the Congressional Medal of Honor Foundation. The Canadian born businessman is proud to have been inducted into the American Institute of Aeronautics and Astronautics.
For those who keep up with cryptocurrency news, Jed McCaleb is a familiar name. the popular programmer is the proud founder of eDonkey, a file-sharing platform. He is also the founder of Mt. Gox, another success in the world of Bitcoin. In fact, Mt. Gox happens to be the first Bitcoin exchange platform. Jed also created Ripple in 2011.
Stellar Development Foundation
While Jed McCaleb has been in the news in respect of his various ventures, his newest project might be the biggest of them all. In 2014, he decided to create Stellar Development Foundation, with the help of his team of developers and advisors. He was inspired by the current global financial situation, where economic inclusion is missing. He was also keen on ensuring that the world’s poorest are able to get access to financial services at a cheaper cost. This, to him, is the whole point of economic inclusion.
Using Stellar, Jed McCaleb hopes to link financial institutions, including Bitcoin, and to offer cheaper financial costs. He does this using the open source financial network model. Following World Bank statistics that show that over 2.5 billion of the world’s population is unbanked, Jed McCaleb hopes that his model will offer a sustainable solution. With Stellar, he can ensure that banks are able to handle maintenance costs while also serving low-income people.
More About Jed McCaleb
Jed McCaleb is not only the co-founder of Stellar Development Foundation, but he is also the company’s CTO. His typical day involves running his business, and responding to emails. He also does coding for Stellar Development Foundation, and he has a dedicated team of experts to ensure that the project runs smoothly. In order to achieve his level of success, Jed points to being productive and being focused on niche things as prerequisites to building great projects.
Since he joined the United Technologies Company, Louis Chenevert made an impressive achievement in building the company to become one of the leading manufacturing companies in the US. He led the company to grow significantly within a short period considering he was appointed as the CEO when the world was facing hard economic times during the recession. Louis Chenevert dedicated himself to work wholeheartedly to ensure the company achieved its objectives as expected. He could never bear the situation where companies had to lay off some of their employees to battle the secession crisis. He moved some of his aerospace engineers to Connecticut division where they could engage in any available work to avoid layoffs.
Louis Chenevert continued the company’s efforts in diversifying investments concentrating on two broad markets in building commercial technologies and aerospace where this diversification of businesses has made the company to accumulate more assets and wealth in skills and expertise. The aerospace division has been able to deliver world-class airplanes in commercial and military sectors which have been achieved with the application of Louis Chenevert’s strategies. He adopted the complimentary technologies system which drives the company in delivering customer satisfaction. He likes to seek balance in the business portfolio as demand sometimes varies and when there is a downfall on one side, they can be able to compensate on the other side.
Louis Chenevert combined long-cycle technologies to produce and market high-quality commodities through observing high levels of discipline to compete with ever-changing technologies in every sector in the worldwide market. Chenevert said that knew discipline was the only thing that would help them achieve their vision by keeping track on a long-term market strategy. Therefore he developed a strong sense of imagination and success which he knew it was not easy to realize within the same cultural organization but only with a dedicated team. Louis Chenevert ensured his employees were happy and enjoyed their job by encouraging them to produce revolutionary products and this is how the company was able to develop the commercial jet engines which ranked as the friendliest and fuel-efficient engines ever produced up to date.
David McDonald is one of the few respected figures in the meat processing industry. At the moment, the businessman is serving as the chief operating officer and president of a company known as OSI Group. The company has a lot of positive reviews in the modern times, and it is considered to be the largest global food processing company.OSI Group is currently headquartered in Illinois, Aurora, and it has branches in almost all parts of the word. According to the company portfolio, the food company has established itself in more than eighteen countries in the world. David McDonald has played a fundamental role in the success of the company.
The food processing industry is considered to be one of the most challenging departments in the world. Although the sector is very profitable when it is making sales, it can lead to great loses if an investor is not careful with whatever they are doing. Different people have proven to have various tastes, and meeting their demands can be extremely challenging. The OSI Group is already an international company, and this means that it has consumers who come from different geographical areas. These consumers have unique tastes, and this forces the leaders in the company to form local management teams so that they can take care of the consumer needs.
David McDonald has been serving in the institution for a while, and he has played a leading role in the expansion of OSI Group to countries such as Hungary and Geneva. Not long ago, David announced that his company had successfully managed to set up a poultry processing plant that will be based in china. After launching the food plant, the company has won the hearts of many white meat customers who are found in several parts of the world. The company has plants in Poland and India too.
For an international company to become successful, it has to choose leaders who understand the market perfectly. After serving in the food processing department for several years, David has now become one of the most respected figures in the OSI Group. The businessman is well educated, having gone to some of the best schools in the world. The expertise he gained while studying at the university has played a leading role in his successful career. When the businessman is not working, he loves to spend time with friends and family. Most of his investments have been doing well too.
If people focus on where they have come from, they definitely cannot be where Tony Petrello is today. In short, Tony Petrello happens to be the most respected persons in the society and has worked tirelessly in the journey towards molding his future. He grew up in New Jersey a small city called Newark and attended public schools. His parents didn’t have the luxuries in the world to take him to private schools. Despite the challenges, he is today’s most compensated CEOs from America. He is lucky to be the Chief Executive Officer of Nabors Industries Ltd. He is in no doubt a leader who believes in making things happens. He is a true academician, mathematician, lawyer and a known philanthropist.
Tony Petrello also happens to be one of the leading philanthropists across the globe. In the year 1997, his daughter Cynthia had suffered cerebral palsy during her birth. The daughter was allowed to eat hard foods when she was 7 years of age. The journey of helping children started there when he developed the desire to help these children. He went to Texas Children’s Hospital and donated $7 million to that hospital. He also became a member of the board of trustees. The hospital built a complex who main activity was to help patients with neurological problems. The institute is commited towards treating children from across the globe and the country to be specific. He has been able to raise a lot of money and has been able to raise millions of money.
Tony Petrello is the current CEO of Nabor Industries Ltd and has been on the frontline making its dreams come true. He is definitely a great world icon and has come from far in life. He was a famous person at Newark because of his prowess in solving certain mathematical problems. He was awarded a scholarship by the University of Yale. He did a bachelors degree in Mathematics and later went on to pursue a master in the same subject. He is in no doubt a great life scholar and an achiever in his own level. Tony surprised many when he abandoned his mathematician dream to pursue a bachelor in law from the University of Havard. He was later employed by Baker & McKenzie which is one of the largest law firms in the United States. That is when some staff from Nabors discovered his ability and they employed him.
To know more visit @: www.wsj.com/articles/SB10001424127887324392804578358772612205556
Logan Stout enjoyed sports as a child and was always looking for a new strategy. He was born and raised in Texas, was an exceptional student and the MVP in basketball his junior and senior years.
He became a professional athlete in baseball and coached or played in 17 World Series. He earned his degree in business at Panola and his degree in psychology from the University of Dallas. After he graduated college he played baseball for the Fort Worth Cats.
Logan Stout developed the Dallas Patriots to help kids who loved baseball and wanted to work on their skills. The organization offers baseball camps, private classes and baseball clinics. He has given young baseball players the ability to maximize their opportunities and succeed. This is the attitude that turned Logan Stout into a successful entrepreneur.
Logan Stout believes the health of the body, mind and soul contributes to success. This thought process led to the development of ID Life in 2014. The company offers healthcare products including sleep strips, pills for weight management, energy supplements and shakes. The company offers individuals a free personalized assessment to provide them with a customized product combination based on their personal needs. Although Logan Stout is still recognized for the Dallas Patriots he has also authored a book titled Stout Advice. He explains the strategies he has used his entire life and how similar a strategy for a winning game is to the development of a strategy for an entrepreneur.
Their recommendations regarding their products are based on research and studies backed by science. IDLife uses an approach designed to provide their customers with confidence, truth and clarity. The guidance they offer their customers is personalized and specifically tailored to meet their individual personal goals and health factors. IDLife has embraced the goals, targets and unique situations of all the people they work with are supportive of their clients finds their own keys to success.
George Soros, the philanthropist, hedge fund manager, Hungarian immigrant/war survivor and multi-billionaire, is back in the political arena, according to Politico. Soros, who is said to be worth $24.9 billion, stepped back from political activity during the Obama years, after making a multi-million dollar contribution in 2004 to groups fighting the re-election of then-president George W. Bush.
After this lengthy break, Soros came back into the political arena in July of 2016 with a major contribution to backers of Hillary Clinton’s presidential campaign. Soros was said to be motivated by not only his long relationship with Clinton (who he firmly believed would be elected president), but also by his distrust of Trump. According to Politico, Soros has been quoted as saying that Trump’s bigoted campaign is actually “doing the work of ISIS.” It was rumored that Soros was planning on attending the democratic convention last summer (for the very first time), but he ultimately wasn’t able to attend. Despite this, there’s no doubt that Soros was deeply invested in the outcome of the campaign. Visit projectsyndicate.com to know more about George.
A Game-Changing Political Upset
With Trump’s upset victory over Clinton, political watchers are now waiting to see how much or how long Soros’ political involvement with last. Though he’s now 85, George Soros has always shown an amazing ability to surprise those who might underestimate him. Soros’ entry into the political arena is also of interest to those involved in left-leaning political activity, as Soros has long had the ability to work as a catalyst for other large political donors.
Though Soros’ success as a financier and currency trader is indeed one-of-a-kind, there’s no doubt his life as an immigrant and war survivor also fuel his political passions. It will be interesting to note how much more engagement we can expect from the always unpredictable George Soros. Read more about George at The New York Times.
Lori Senecal was born in 1969 and hails from Norwalk. Lori completed his degree in business at the McGill University and started his job working with the Ford’s Media account. Senecal was an introvert at that and her experiences in this company exposed her to socialization and public relations. She later joined McCann Erickson Company where she was managing a coca cola account. Through encouragement by her boss, Lori moved to New York taking a higher position in the Company. While in the firm, Senecal led the Coca-cola account to the global market and launched TAG Ideation, a unit which was to deal with young-adult marketing. She was later promoted to become the President of the New-York branch. She then moved to Kirshenbaum Bond and later to the position of Global CEO at CP& B Company.
Crispi Porter and Bogusky is an international Company dealing with advertising and marketing with their headquarters in Boulder. Lori as the current Global CEO of CP& B is in charge of management and coordination of the nine branches of the Company. She will be responsible for the growth and expansion of the firm. Senecal is an entrepreneur who embraces technology, invention, and innovation across the globe.She won Infiniti global creative account which prompted MDC partners to promote to the Global CEO. Her continued input in the company, educational background and the experience working as the Global President and Executive Chairperson also showed she was fit for the position. Senecal also helped in evolving Kirshenbaum Bond from focusing in the United States to an International level with expansion in resources, content creation, and technology and start-up investments.
MDC CEO Miles Nadal initiated the meeting of Senecal with the co-founder of Kirshenbaum, and due to her reputation and experience in multinational agency, she got the position of the CEO the company. According to Miles, the Knowledge of Senecal was going to enhance the reputation of the Company but also the MDC partners. Senecal’s departure brought a lot of disability in the leadership of McCann losing key portions of its Microsoft account and their general motor clients.