Shark Bites – Week of July 9, 2012

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We get interesting information everyday from reading articles in newspapers, blogs, company websites and even from conversations we overhear or have ourselves. Shark Bites is an entry post where I share my thoughts on recent articles, events and conversations. Feel free to comment at the very bottom of each post while indulging yourselves with new information.. you’ll find that a bit of information a day will go a long way.


 

6 Tips for Making It Work as a Part-Time Entrepreneur

I’ve always said that you make a living with your day job; you make money with what you got going on the side—some of you have read this in The Brand Within. This Entrepreneur article gives you six tasteful tips on how you can make it work as a part-time entrepreneur. Sometimes, there are just not enough hours in the day, and doing what you got going on the side might as well label you as a part-time entrepreneur. If that’s the case, here’s what you’ve got to do:

1. Find balance.
2. Be patient.
3. Bank your profits.
4. Set flexible goals.
5. Take yourself seriously.
6. Have an escape plan, if you want one.

» Read the full article on Entrepreneur

Phone Predicts Where You’re Going

According to a Mashable article, an algorithm has been developed by researchers in the U.K. that follows your own mobility patterns and adjusts for inconsistencies by factoring in the patterns of people in your social group.

It is eerie enough that our phones can know our exact location, now what if they knew where we are going next too? New technology is allowing phones to predict our future location, which could mean a whole new plane for advertising.

» Read the full article on Mashable

How We Look at Online Ads

With Real CPM technology, advertising agencies can gets a heads up on placements online. The results provide some useful insight about what to consider when generating ads yourself. Here’s how it works:

» Read the full article on Mashable

How to Find the People Who are the Right Fit for Your Startup

From a lengthy FastCompany article, I have taken this paragraph word-for-word in finding the right people for your startup:

“Commit to create an organization that is built to last, not to flip. Purposefully shape a culture of character. Recruit for complementary skills and cultural fit, vetting your partners, employees, board members, customers, and vendors before working with them. Face up to it when you make bad hires. Make quick pivots. Passionately pursue your dream and make it reality.”

I’ve always said that I invest in people. See article, ‘Why I Invest in People, Not Companies’

» Read the full article on FastCompany

Going on Vacation While Running Your Business

Just because you are a business owner, this does not mean you can’t afford to take a vacation now and then, especially now that it’s summer! Don’t let your workaholic ways follow you though. Run your business while you’re away, and still have time to enjoy your trip by using—but not overusing—technology, improving your time management skills, and by delegating.

» Read the full article on Forbes