Friday, June 18

Business

New Stanford Research Reveals This Mindset Matters Most: The 6 Questions That Predict Success
Business

New Stanford Research Reveals This Mindset Matters Most: The 6 Questions That Predict Success

Steve Jobs believed in grit."I'm convinced that about half of what separates successful entrepreneurs from the non-successful ones is pure perseverance," Jobs said. "There are such rough moments ... that most people give up."Makes sense: Mental toughness builds the foundations for long-term success. Successful people delay gratification. Successful people withstand temptation. Successful people consistently do what they have decided is most important.But they don't blindly stick to the same path.According to the authors (one of whom is Carol Dweck, the pioneer of growth mindset research) of a new study published in Proceedings of the National Academic of Sciences, possessing a strategic mindset "uniquely" predicts how effective people are at pursuing goals."The findings suggest that bei...
Facebook founder sees wealth hit $100bn after TikTok rival launch
Business

Facebook founder sees wealth hit $100bn after TikTok rival launch

Image copyright Getty Images Facebook founder Mark Zuckerberg has seen his personal wealth rise to $100bn (£76bn) after the launch of a new short-form video feature.On Wednesday, Facebook announced the US rollout of Instagram Reels, its rival to controversial Chinese app TikTok.Facebook shares rose by more than 6% on Thursday. Mr Zuckerberg holds a 13% stake in the company.He joins Amazon founder Jeff Bezos and Microsoft’s Bill Gates in the exclusive so-called 'Centibillionaire Club'.Technology bosses have been in the spotlight recently as the size and power of their companies and their personal f...
16 Things You Should Never Say When You’re Negotiating
Business

16 Things You Should Never Say When You’re Negotiating

When you’re negotiating a deal, a misinterpreted tone or poorly chosen words could ruin an otherwise successful conversation. Sometimes you may not know even which phrases might turn a deal sour. That’s why we asked 16 members of Young Entrepreneur Council the following question: Business is all about making the right deals, but it’s not always easy. What’s one thing you should never say while negotiating if you want to be successful? Why? 1. Your profit margin One thing to be aware of when negotiating is your profit margin and how much of it you are willing to give up to secure the deal. Your prospective client shouldn’t be privy to this information and should only know the value your company is providing. —Lorne Fade, VR Vision Inc.   2. “You” statements Speak from the “I,” never ...
Traders discuss how markets break through to highs
Business

Traders discuss how markets break through to highs

The S&P 500 is closing in on records again.The benchmark index is closer than ever to recapturing its February peak at less than 2% from highs.More is happening underneath the surface than meets the eye, according to Mark Newton, founder of Newton Advisors."The market can push up to all-time by territory," Newton told CNBC's "Trading Nation" on Wednesday. "A couple different charts to put things into perspective — one is the Russell 3000, which is 98% of all investable stocks, and that's about 3% off the highs. There's really no resistance between current levels and February peaks. The weekly charts maintain good momentum.""We've actually seen some broadening out in the ground in the last month. Sectors like discretionary, industrials and health care, they're all coming in to bail o...
Business

This Fully-Remote Accelerator is Run by One of Y Combinator’s Youngest Grads

Welcome to episode 56 of Inc.'s Founders Project with Alexa Von Tobel podcast, where we bring you stories of the entrepreneurs building the future. Listen to the tales of guts, inspiration, and drive that define the people and companies at the forefront of technology. Each week, we dig into a founder's professional playbook--and uncover what makes them tick.When Daniel Gross was 18, he traveled from Jerusalem to Silicon Valley to join Y Combinator. In just a few short years, his search engine startup, Cue, was acquired by Apple. Now, he's at the helm of Pioneer, a fully-remote accelerator that backs unconventional startups from around the world--no matter the founder's zip code. Gross shares why community is critical for business-building, what it means to be a company born online, and ...
Holiday shock: ‘We were stopped from boarding our Greece flight’
Business

Holiday shock: ‘We were stopped from boarding our Greece flight’

Image copyright Michelle Last Image caption Michelle and her children have finally arrived in Greece - later than planned and for an extra £700 "After months in lockdown we've been so looking forward to a holiday," says Michelle Last. It's a longing shared by millions of Britons. But when Michelle and her two young children turned up at the Gatwick Airport boarding gate last weekend for a flight to Greece she was not allowed on the flight."It's such a shock. EasyJet didn't tell us why a fir...
Using This Effective Psychological Trigger in Your Marketing Can Boost Sales Like Crazy
Business

Using This Effective Psychological Trigger in Your Marketing Can Boost Sales Like Crazy

By Syed Balkhi Are you wondering how to use FOMO in your marketing? Or maybe you’re just wondering what FOMO actually is? FOMO stands for the “fear of missing out.” It’s the feeling that other people are enjoying experiences—and you’re not. And in the case of a business selling a product or service, FOMO can make shoppers feel like they’re missing out on an experience that other shoppers are having if they haven’t bought it. FOMO is a powerful feeling and it drives action. In fact, according to statistics, 60% of people make purchases because of FOMO, mostly within 24 hours. So, if you’re able to use FOMO as a psychological trigger in your marketing, it can help boost your sales. Now that you know why FOMO is a powerful strategy for increasing revenue, here’s how to use FOMO in your mar...
Coronavirus shut down theme parks, costing Disney $3.5 billion
Business

Coronavirus shut down theme parks, costing Disney $3.5 billion

In this handout photo provided by Walt Disney World Resort, guests stop to take a selfie at Magic Kingdom Park at Walt Disney World Resort on July 11, 2020 in Lake Buena Vista, Florida. July 11, 2020 is the first day of the phased reopening.Matt Stroshane | Walt Disney World Resort | Getty ImagesWhile Disney was able to reopen most of its international theme parks in recent months, the continued closure of Disney World and Disneyland in the U.S. resulted in a big financial hit.On Tuesday, the company said the Covid-19 outbreak cost its Parks, Experiences and Products segment around $3.5 billion in lost revenue during its fiscal third-quarter.That unit includes all six of Disney's international theme parks, its cruise lines, hotels and tours, as well as its merchandise. In the quarter, w...
I Overheard a Client Badmouthing My Team
Business

I Overheard a Client Badmouthing My Team

Inc.com columnist Alison Green answers questions about workplace and management issues--everything from how to deal with a micromanaging boss to how to talk to someone on your team about body odor. Here's a roundup of answers to five questions from readers. 1. I overheard a client badmouthing my team  I recently had a voicemail from a dissatisfied client with whom we frequently collaborate. She had called to notify me of a mistake made by my department, but at the end neglected to hang up her phone properly before commenting on my team's lack of intelligence and other similarly unflattering remarks. Of course I plan to follow up with her on a course of action to address her initial complaint, but should I make any mention of the end of her message? What do I say? Green responds: Assumin...
Donald Trump: US Treasury should get cut of TikTok deal
Business

Donald Trump: US Treasury should get cut of TikTok deal

Image copyright Reuters Donald Trump has said the US should get a cut from the sale of TikTok's US unit if it is bought by an American firm.The US president said he made a demand for a "substantial portion" of the purchase price in a phone call at the weekend with Microsoft's boss.He also warned he will ban the app, which is owned by China's ByteDance, on 15 September if there isn't a deal.ByteDance is under pressure to sell its US business after Mr Trump threatened a crackdown on Chinese tech companies.The Trump administration has accused TikTok and others of providing data to the Chinese governm...
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