Initially, the tech company was the lean, innovative underdog that took on the powerful status quo to free the consumer from how they viewed ideas, institutions and service delivery. But tech can no longer claim that. The so-called tech disruptors of today have unchallenged access, funding, and regulatory support. Disruption is sold as a one-way street where technology can change a social space if it is static but can't be changed in return. Yet, today's disruption is happening through users and networks, not tech companies.

Technological disruption

Grab and Gojek were mobility platforms meant to disrupt the city's existing motorbike taxi market by creating a driver workforce that was anonymised. Instead, the Grab and Gojek drivers used WhatsApp to create thousands of DIY community spaces. Loose driver groups changed into independent, cross-company communities that were organised by drivers for drivers. Yet, this type of disruption is not considered as such. Tech companies label Uber as an innovative disruption while motorbike taxis that provide a similar service are deemed dangerous or chaotic.

Example of disruption

The promise of disruption is much restrained by terms set by tech companies themselves. Companies increasingly try to prevent the ability to use and build upon existing technologies in ways that the original company does not approve of. However, tech is never the first or last mover of change. It is just one of the forces within a complex social world. To design better technology means to take it out of the centre. Technology that responds to people's needs sees users as more than just passive recipients will be best able to harness its power.

The promise of disruption

There's a wave of innovation led by users and networks, not tech companies.

There's a wave of innovation that we're failing to recognize—and it's being led by users and networks, not tech companies.

technologyandthefuture

Technology & The Future

entrepreneurship

Entrepreneurship

creativity

Creativity

startup

Startups

‘Disruption’ Is a Two-Way Street

It would motivate me for work I have done by clicking on it and algorithms in <a href="https://medium.com/@hackedongrowth/5-ways-to-prevent-business-failure-2022-7467ae903613">Medium</a>

Follow Me

Can you determine what the core of the problem is now that you’ve completed all of the most crucial phases of analysis? You now know what decisions to make if you know what expenses to cut, for example. These are the decisions that will eventually rescue your company, no matter how difficult they are.

3. Return to the Conceptual Stage

After evaluating whether or not your firm has a future, you may investigate how much it will cost to reorganize. Money is running out. Do you have a copy of your profit and loss statement? Are you aware of the revenues, expenditures, and expenses incurred at various phases of your company’s development? If you aren’t completely familiar with your profit and loss statements, now is an excellent opportunity to go over them carefully and examine them. Do you see any areas for improvement? Selling, sources of revenue, seasonality, net earnings, and cost of goods are all key factors to consider.

2. Renovated budgeting

What is the fundamental cause of your company’s problems? Take the time to fully examine your company. What may be the source of your difficulties? There are certain frequent reasons why businesses fail,

1. Find out The Reasons

Life is 10% what happens to you and 90% how you react to it.

What’s up, it’s @hackedongrowth here, Nobody begins a company to lose it. However, for many people, business failure is a reality. The most difficult step is confronting this fact and saying to yourself, "My company is failing." But failure is more often than we believe, and you may feel horrible about the waste of time, effort, a

business

Business

5 Ways to Prevent Business Failure (2022)

The apologue The Boiling Frog describes a frog being slowly boiled alive. The premise is that if a frog is dropped into boiling water suddenly, it will jump out; but, if the frog is placed in lukewarm water and slowly brought to a boil, it will not recognise the danger and will be cooked to death.These are my intellectual guiding principles. They will all aid in clearer thinking and decision making on the entrepreneurial journey.

Stepping Stones for Entrepreneurs


Rather than asking, “How can I grow my company?” you should ask, “What are the weaknesses of my company?” How can I work on them? Brainstorm with a list of things to avoid.

1. Inversion

People deceive themselves about socially acceptable preferences by saying one thing in private and different things in public. Beware of such people.

2. Hypocrisy

We emulate one another since we have no idea what we want. We crave the same things as other people instead of looking at our own needs.

3. Desire vs. Need

Society excels at developing talent but fails miserably at creating genius. Talented people can hit targets that others cannot. On the other hand, a genius can identify targets that others cannot see.

4. Talent vs. Genius

Stay away from the competition. Focus on problems in an organization that would otherwise go unsolved.

5. Compete to solve

When you make a conscious decision to do one thing, you also make an unconscious decision to do something else. Do something every day.

6. Opportunity Cost

Large gaps between rapidly evolving technologies and stale social standards create new business opportunities. For example, the launch of the iPhone was at the appropriate time in 2007. Google Glass was released too soon.

7. The Window of Opportunity

A group of people working on a project will argue over the tiniest of details. What is complicated will be overlooked. Instead of discussing the appropriate computer system, the team can quarrel about the colour.

8. The Law of Triviality

A small amount of something might have the opposite impact of a large amount. A little bit of stress can help you wake up, but too much stress is harmful. Do not put too much pressure on yourself.

9. Hormesis

We are oblivious to what we can not see. Not everything that matters can be measured, and not everything that’s measured has any significance. People manage what they can measure. So society keeps making the same mistakes.

10. Legibility

Corporations encourage conventionality, but the Internet encourages individuals to be distinctive. If you work in a creative profession, strive to be the only one with your style and go with it. Make yourself some intellectual real estate.

11. Personal Monopoly

When everyone agrees on something, it can lead to disastrous decisions.

12. The Paradox of Consensus

Delighting your guests with an unexpected present is the secret to good hospitality. If you are writing a series of tweets, include a bonus suggestion. I did that with this article.

13. Dozen+1

These ideas are important for any Entrepreneur who is relaxed about his/her business approach

personaldevelopment

Personal Development

leadershipandmanagement

Leadership & Management

12 Steps to ensuring your Entrepreneurship

It is possible to succeed online without any skills and build an online business that provides for your family and pays your bills if you have the right mindset. How to make money online without skills: Everything you need to know:

How to Make Money Online Without Any Skills

This doesn't mean you have to start a blog about your daily life and post pictures of your cat there. In other words, you should honestly evaluate your strengths and weaknesses. This can include everything from cooking to gardening to interior design. It may be as basic as knitting scarves or building birdhouses.

Start with what you already know

You should not waste your time on these types of opportunities, and instead concentrate on revenue streams that will provide you with a return on investment (ROI). This can be accomplished through affiliate marketing, blogging, Amazon FBA, eBay arbitrage, or starting your own business through Amazon's Seller Central program.

Get rich quick schemes should be avoided

The very first thing you think when you think of making money online is, "I need skills." But actually, you already have one skill you can begin using right away: your passion.If you want to succeed online, choosing a niche and following your passion is the smartest thing you can do.

Focus on your passion and pick a niche

Establishing a strong and sustainable work ethic is the next step to making money online. You need to know why it is worth your time and effort.Does it benefit you personally? Does it help your family? Does it benefit your community? What motivates and inspires you?When you have figured this out, you can make a plan that will help you stay consistent and motivated.

Commit to your vision and stay consistent

The advent of the internet has created many opportunities for skilled and unskilled individuals alike to make money online just by having access to the internet. Any person with the right mindset can start making money on a monthly or weekly basis by following the above steps.  The original post can be viewed by clicking the link.

Conclusion

If you are reading this, chances are you are looking for a way to make money online. You may have tried your hand at blogging but still haven’t found success.

marketingandsales

Marketing & Sales

moneyandinvestments

Money & Investments

How to Make Money Online Without Any Skills - A Guide for Beginners. - Kelvinaryee.com

Lori Grenier is an inventor and multi-millionaire investor. She is known for her wildly popular ABC show, Shark Tank. She has over 500 inventions and 120 patents.  But she wasn't born a successful inventor. It all started nearly twenty years ago with the idea of an interesting jewellery box.

Lori Grenier was not born successful

There are two types of inventors:<ul><li>The one who creates one masterwork.</li><li>The serial inventor who thrive in coping up with one new idea after another and bringing them to life.</li></ul>

Know the inventor you want to be

Don't fall in love with your idea so much that you don't want to listen to feedback.  Business is business. Sometimes you will have to change your idea to match demand.

Don't be stubborn with your idea

You may have many ideas that don't work. That's okay. You just need one idea to take off.  However, to know which one is your million dollar idea, you need to come up with multiple ideas and test and experiment with what does and doesn't work. The idea you think is the best might not be what customers want. You need to be comfortable with failing and moving on.

It takes one idea

Beginner inventors and entrepreneurs should learn all the facets of their craft and business firsthand to enable them to make pivotal decisions. When Grenier had to create over 20,000 pieces of jewellery by hand for her in-store display, she put in the hours. There's no other way.

Put in the hours

Entrepreneurs will work 80 hours a week. Being your own boss is much harder work than working for someone else. If you have an idea, you'll be willing to work 80 hours because it is easier than working 40 hours for someone else's.

Do whatever it takes

With over 500 inventions and 120 patents to her name, Lori Greiner knows exactly what it takes to find success. Get social with Inc. on: Facebook: http://on.inc.com/ilqUryJ Twitter: http://on.inc.com/8FGInRj LinkedIn: http://on.inc.com/gt7KsIn Instagram: http://on.inc.com/wLObvE2 Pinterest: http://on.inc.com/8lPoT0r

videos

Videos

With over 500 inventions and 120 patents to her name, Lori Greiner knows exactly what it takes to be a successful inventor. 

Inc. Magazine delivers advice, tools, and services to help business owners and CEOs grow their businesses more successfully. You'll find information and advice covering virtually every business and management task including marketing, sales, finding capital, managing people, and much more.  Visit Inc.com for the latest!

Get social with Inc. on:
Facebook: http://on.inc.com/ilqUryJ
Twitter: http://on.inc.com/8FGInRj
LinkedIn: http://on.inc.com/gt7KsIn
Instagram: http://on.inc.com/wLObvE2
Pinterest: http://on.inc.com/8lPoT0r

Inc. Magazine delivers advice, tools, and services to help business owners and CEOs grow their businesses more successfully. You'll find information and advice covering virtually every business and management task including marketing, sales, finding capital, managing people, and much more.  Visit Inc.com for the latest!

Inc.

5 Rules to being a Successful Inventor: Lori Greiner | Inc.

Lori Greiner’s 5 Rules to being a Successful Inventor | Inc.

<ol><li>Speedy Customer Reassurance</li><li>Insurance</li><li>Pricing Strategy</li></ol>

3 Valuable Entrepreneurial Lessons

As an entrepreneur you should proactively provide reassurance to your customers and, for small businesses, it’s even easier because you are closer to your customers and can easily keep track of them. Providing reassurance to your customers reminds them that you have their best interest at heart and their money is best spent with you.

1. Speedy Customer Reassurance

There are many people who view insurance negatively but as an entrepreneur, you should be walking in the opposite direction. Having insurance could be the difference between losing everything you own and having the shot to begin again, and this certainly proved to be the case for a lot of covid hit businesses during the pandemic.Get yourself a good insurance deal, on your home, business, and cars.

2. Insurance

Joe Karbo author of ‘the lazy man’s way to riches' explained in chapter five of his book that your selling price should be at least three times your total cost. This may sound astonishing but Joe says that he is personally more comfortable at 5 times his total cost and in some cases, 10 times your cost is a possibility. You should be open to dividing your market and experimenting with your prices to find the optimal one. The bottom line is that this strategy is what successful businesses adopt, they ‘milk their wins’.

3. Pricing

These ideas show three important lessons for entrepreneurs in managing their businesses. 

On 9th February, a cargo ship named the Felicity Ace, left Emden port in Germany heading for Rhode Island in the U.S, carrying 22 crew members, 189 Bentleys, 1,100 porches and 2,711 other luxurious electric and Non-electric vehicles owned by the Volkswagen group.   It never made it to Rhode Island. There has been a lot…

3 Valuable Entrepreneurial Lessons from The Tragedy of Volkswagens Felicity Ace

﻿The more desire I have for something to work out a certain way, the less likely I am to see the truth

If you have nothing in your life, but you have at least one person that loves you unconditionally, it’ll do wonders for your self-esteem

A happy person isn’t someone who’s happy all the time. It’s someone who effortlessly interprets events in such a way that they don’t lose their innate peace

Tension is who you think you should be.Relaxation is who you are

Escape competition through authenticity

The closer you want to get to me, the better your values have to be

Earn with your mind, not your time

The hardest thing is not doing what you want—it’s knowing what you want

Learn to sell. Learn to build. If you can do both, you will be unstoppable

Memory and identity are burdens from the past preventing us from living freely in the present

10 Top Quotes From the Book “The Almanack Of Naval Ravikant”

Getting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn. So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like? Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn't a how-to book, or a step-by-step gimmick. Instead, through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.

philosophy

Philosophy

books

Books

Getting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn. So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like? Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn't a how-to book, or a step-by-step gimmick. Instead, through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.

Eric Jorgenson is an entrepreneur, writer, and investor. He is on the founding team of Zaarly, and has been publishing online since 2014. His blog has educated and entertained over a million readers.Eric is on a quest to create (and eat) the perfect sandwich. He tweets at @ericjorgenson and publishes new pieces and projects on ejorgenson.com/blog

Eric Jorgenson

The Almanack of Naval Ravikant

If you start a sole proprietorship or a partnership, you could be held personally liable for almost anything related to the business; that means you will be responsible for paying any business-related debts you incur and you could be sued by your clients, employees, etc.If you start an LLC, you'll have some degree of liability protection. These business structures allow your business to be treated as if it were an individual of its own. The business itself can take out a loan, incurred debt, and be the target of costly lawsuits - reducing your personal exposure to these financial risks.

Establish an LLC (limited liability company) or a Corporation

New business owners are tempted to fund the business themselves, even if they don't have the savings to cover those expenses. They take out personal loans, max out their credit cards, or incur debt in other ways to get the money they need.A few minor expenses here and there won't hurt you, but for the most part, you should never take out personal loans. Instead, work with investors, tap into your savings, or rely on your business credit to take out loans in the business's name.

Never Take Out Personal Loans

<ul><li>Budgeting and frugality: Be smart with your budgeting and try to remain as frugal as possible.</li><li>An emergency fund: Set aside at least enough money to cover a few months of personal expenses.</li><li>Tax-advantaged investment vehicles: With any extra money, use tax advantage investment vehicles to maximize your savings and plan for retirement. </li></ul>

Focus On Independent Saving Strategies

Try to diversify your income streams, both inside the business and on a personal level.<ul><li>Within the business, that could mean selling multiple different types of products and services, monetizing your content or applications in different ways, or even targeting different audiences. </li><li>The same principle applies to you as an individual. You can diversify your income streams by investing in dividend-paying stocks, investing in real estate, starting independent blogs or websites, or even picking up side gigs.</li></ul>

Diversify Your Income Streams

The right strategies can help you minimize your personal financial exposure when starting a business.

artsandculture

Society, Arts & Culture

The 4 Most Important Ways for Entrepreneurs to Mitigate Personal Financial Risk

Always start with a naming brief — even if it’s an informal one — that defines the strategy behind the company, product, or service being named. Make sure to include a description of what’s being named, ideas you’re hoping to convey via the name, a description of your target audience, and the names of your competitors. This will help guide you as you consider your various options.Bringing strategy into the naming process ensures your name will send the right signals to the right people, align with brand and business strategy, and take the cultural and competitive backdrop into account.

Be Strategic

<ul><li>Is your name meaningful? Does it convey the intended message and evoke the right feelings? Tesla is a name that does a great job of suggesting electricity and technical prowess.</li><li>Is it adaptable? Is it able to stretch to accommodate foreseeable changes in the brand? Pizza Hut and RadioShack have trouble explaining that they sell more than pizza and radios, respectively. </li><li> Is it distinctive? Will it stand out when compared with your competitors? When Apple was named, other computer companies included Commodore, Microsoft, and IBM. The simplicity of Apple stands out in that crowd.</li></ul>

Questions To Consider

How to Pick the Best Name for Your Company

L ike many old people desperate to stay relevant, I made a Millennial friend. Only I hit the Millennial jackpot, which is the kind of jackpot that, instead of money, spits out excuses for why it doesn’t make enough money. So when Igor Hiller — who was <a href="https://www.instagram.com/p/BfW-AjUh-w3/">an Instagram comedy star </a>, acted in the show Dear White People , <a href="https://podcasts.apple.com/us/podcast/how-are-you-thinking-about-with-igor/id1114440532">started a podcast </a>, and is now a life coach — told me early this year that we needed to join Clubhouse right away so we could monetize our influence there, I did it.

Exclusive Club(house

We were the lucky early adopters, joining right after the live, audio-only social media app was seeded to the music and tech industries. Other people were paying up to $77 for the free invites we got. It was so elite that, in a demographically genius move the Soho House would envy, Clubhouse was only available on the iPhone.

Sorry, Androids

We’d have access to hundreds of simultaneous rooms of live chat, each a cross between a TED talk and a call-in radio show. Elon Musk, Oprah Winfrey, Tiffany Haddish, Mark Cuban, Mark Zuckerberg, Drake, and Jack Dorsey were hosting rooms, talking to randos. We, Igor said, could be the Clubhouse randos who become the Clubhouse somebodies. Millennials don’t merely fantasize about becoming famous. They fantasize about becoming famous on a medium that then becomes famous.

Reaching for the Stars

By April, Twitter entered talks to buy Clubhouse for $4 billion, which is more than the value of Air France, Six Flags, Sunoco, Shake Shack, or Fannie Mae. It turned Twitter down, instead raising a round of funding that also valued it at $4 billion. Clubhouse is now a sad, empty MySpace shell of social media. It’s sixtieth in the App Store’s “social networking” category, right behind Chispa, Skout, and Hit on Me!, which is an app that describes itself as a “video platform for people who look for new friends especially hot singles and get more followers” and I’m guessing is “for prostitutes.”

Sad Empty Shell

To find out how this happened, Igor and I hosted a Clubhouse room titled “What Happened to Clubhouse?” Did the app’s functionality not keep up? Did it get infested with political arguments? Did Clubhouse say something racist and get canceled? Only three people showed up to our “What Happened to Clubhouse?” room. One was my lovely wife Cassandra, and one left as soon as we asked him a question. But Mark Simmons stayed with us the whole hour, even though he was very busy driving to a one-year-old’s birthday party.

Public Opinion

He’d only been on Clubhouse a few times and was disappointed with the level of conversation. We added to that disappointment. Within minutes, instead of talking about Clubhouse, Igor was explaining crypto and I was talking about my new Tesla. There was some magnet in Clubhouse drawing us toward douchedom. After our room ended, I scrolled through the other rooms again. None of them interested me, and none were hosted by anyone I’d heard of.

The Draw Of Douchedom

Until then, I’d assumed Clubhouse withered because it was the Tiger King of apps, a pandemic lockdown fad for the bored and isolated. But the bored and isolated didn’t bail on TikTok. Clubhouse died because populism has its limits. If you’re going to fight the time-shifting culture and try to congregate a live audience, you need to limit your community. The currency isn’t content. It’s status. Only they were worse than financial hucksters. They were status hucksters.

Social Climbing

What happened to Clubhouse is what’s happening to all our institutions. When you remove the barriers for entry politics, business, and media, you get less a culture than a nightclub scene, where the Drakes and Mark Cubans sprint from hot new location to hot new location, trying to outrun the cryptopunk brokers. they bump into each other and collaborate on projects. When the trusted and untrustworthy mix, you reach a point where you avoid all institutions because you can’t trust anyone. Especially not a guy who hosts a Clubhouse room called ‘What Happened to Clubhouse?’ and talks about his car.

Bye, Felicia 👋

Like many old people desperate to stay relevant, I made a Millennial friend. Only I hit the Millennial jackpot, which is the kind of jackpot that, instead of money, spits out excuses for why it…

timemanagement

Time Management

loveandrelationships

Love & Relationships

teamwork

Teamwork

What Happened to Clubhouse?

Find 100+ Facts about Entrepreneurship - Curated from inspiring sources like Books, Podcasts & Articles - Genuine Insights from like-minded Users like You!