When one thinks of the digital age in Mongolia, it may be taken with a bit of a surprise given that we come from a nomadic background and are still considered a frontier market. Currently, the GDP of Mongolia stands at a little over 10 billion dollars. To put this in perspective, over the past few years tech companies such as Uber, WhatsApp, Dropbox and Palantir have all received valuations of more than 10 billion dollars each. With this in mind, if just one Mongolian child can create a startup company that ultimately succeeds, he or she might just be able to double the GDP of the entire country.
The writing is clearly on the wall about what lies ahead. Yet even the most brilliant economists -- and futurists -- don't know what to do about it.
Politicians across the country who have embraced heavy restrictions on who can serve food where should look West and take notice of Los Angeles' dual brick-and-mortar and mobile restaurant landscape.
The "New Development Bank" announced in Fortaleza this week marks the launch of a collective lending platform steered exclusively by the BRICS countries. With an authorized capital of $100 billion, it could lend up to $34 billion per year. It is not an understatement to say that this is a new kind of bank for a new world order. For the first time in history, infrastructure spending consistently exceeds military expenditure.
Knowingly or not, both the company and the employee risk penalties imposed by a state for misclassification of work -- and many cash-strapped states actively pursue offenders.
It can be overwhelming, especially if you're new to the world of entrepreneurship, but even on those busiest crazy days, it's possible to clear your head and set yourself up for higher productivity.
Don't get caught up thinking you're not a good conversationalist. Be prepared and comfortable with different conversation starters, so you're never stumped or faced with an awkward silence.
Although situations, co-workers, clients, and career craziness may feel draining at times, there's something to be said for remembering how far you've come and how much further you can go.
Many helicopter bosses feel the need to hover in order to monitor efficiency, or to keep things on track, especially if an employee has erred in the past. But most micromanagers do so out of a need for control that often has more to do with them than the performance of their employees.
You don't need to hire an advertising agency or marketing staff -- know who you are and tell the world.
Imagine you have plenty of money and plenty of time. What would you do with it? Be concrete. How would you spend your hours each day? What, if anything, would you be trying to achieve?
Starting a business is easy... If you're thinking I'm nuts, I will explain. Running your business is the difficult part.
As a strong proponent of technology, I believe that it is crucial for us all to set our own personal limits on our use of tech to find balance in our lives.
Just in case you too dream of taking the leap from employment to entrepreneurship, I want to share something with you so that it will all seem manageable: three simple things that you can do today to get started on your journey.
A lot of budding entrepreneurs have asked us how they can raise capital for their new businesses. The answer is it's extremely hard . Investors/lenders rarely fund companies at this stage -- however, there are other options.
As your small business starts swimming in the Federal market while continuing to grow on the local and state levels, know that there are key strategies required for success in winning contracts.
It didn't hit me until I met a newcomer at work, a woman who had just moved to New York City from California, brand new to the industry.