This post is going to deviate from the norm and not focus on business. Instead, I will share my experience of watching (from a distance) the shuttle Endeavor launch on Friday evening. If the opportunity ever comes up for you to see one of the remaining shuttle launches, and the weather cooperates, you will be in for an awe inspiring event. As many of you know, NASA has shied away from night launches since the Columbia accident. Thus Friday night’s launch was a very rare occasion.
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Earlier this week, a friend was mentioning a discussion he had with a common acquaintance of ours. This acquaintance, said, “he gave up on LinkedIn & social networking as he simply didn’t see any benefit for himself to continue to pursue it”. This seems to be a common frustration, yet with LinkedIn now over 30,000,000 registered users and growing at more than 1.2 million users per month and having raised a roughly $100 million in venture funding, clearly they are doing “something right” for social networkers. Let’s try to examine this dichotomy further.
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Food Prices are rising, gas & oil are still very high and home prices continue to decline. Now given the economic crisis on Wall Street, what if you lose your job? As senior business leaders, you know that the higher up you go, the fewer jobs that exist. Hence, if you lose your job, where will you turn to continue to generate a cash flow amidst this economic turbulence? Given a lack of employment opportunities, many people choose the freelance route. In this post, we will help identify things you need to be aware of if you choose this path.
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This is probably the $1 billion question that Linkedin is answering internally and boy do we wish we had a crystal ball to forecast this. Let’s start our analysis for this by looking at a possible strategic direction the company may entertain and progress with our analysis down to the user level.
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Over the last couple of weeks, I have met with people that are working on some very interesting things. One of the most interesting meetings I participated in, consisted of a “deal broker” that has sold tens of millions over the last two decades and “a business relationship broker” that has built a very powerful networking group. The people I met with were highly energetic, initiative driven individuals who are building out their revenue plan including beginning to leverage social media. A big topic for discussion in that meeting as well as almost all the others I’ve been part of recently was, “what can I do via the web to enhance growth potential”?
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From time to time, we are going to take an in depth look at specific business verticals and discuss how key elements might impact their future.
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On a day to day basis, we are so busy running our businesses that we often get a little too close to our business. We end up seeing the eyelash on a gnat but we don’t see the bird about to gobble up the gnat. Rough metaphor, but it highlights a challenge many of us face as business leaders and that is, we are so stuck in the details that we can’t see the bigger picture. What if you had a group of success-oriented professionals that can function as your “reality-check” and help you see things you might overlook or come up with ideas that you may not think of?
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Why are you on Linkedin? On the surface, this seems to be a simple question, only 5 words and none were larger than 10 letters long. But it seems that whenever I ask that question, I’m asking something on par with the existential question of what is the meaning of life because the response I get 9 times out of 10 is a contemplative silence. So I try to break the uneasy silence by asking another question, “what was your encouragement to register on Linkedin”, and with that usually a big smile appears and they say, “oh, I received an invitation to sign up”. To which I reply, “that’s great, what are your goals for being registered on Linkedin”? This time the responses range from that contemplative silence to the ambitious, “gain more clients”.
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Well, the first half of 2008 is just about in the books. The economic issues that the country is facing in this presidential election year, has created an enormous amount of uncertainty. Uncertainty tends to create a lot of angst, much of it deserving, but angst none the less, can cloud our ability as business leaders to think clearly and sometimes prevent us from seeing the forest through the trees. As we embark into the remainder of 2008 and this “period of uncertainty”, perhaps we should stop, take a deep breath and “revisit things” that perhaps we didn’t spend enough time on before. To contribute to the theme of stopping and revisiting, this post will take a brief look back at 5 key articles from the first half of 2008.
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It’s officially summer right now and with that change of season, comes another season that many of us dread… Budget Season! Did you know that only 1 in 3 companies enjoy an “accurate forecast” (accurate is defined as having actual results that are within 5% of projection)? Budgeting in general, is like having a GPS for your business. If your GPS weren’t accurate, wouldn’t you fix it or would you rather continuously end up in the wrong place? Forget about the dread and dismal results, these can be fixed and yield big improvements in your business.
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