Archive for the ‘Resources’ Category

Should You Ever Work for Free?

Friday, February 3rd, 2012

By Linda Haynes

If you’re an entrepreneur, a freelancer, or a start-up, you’ll know how important it is to win new business and make lasting working relationships. Networking is now as important as advertising in terms of generating ongoing success for any venture. We’ve all had certain jobs or contracts that we feel we’ve not been paid well enough for. Whether that’s a bit of graphic design you felt had a high enough ROI to warrant a higher fee, or simply a contract you feel you could’ve pitched a little higher. But have you ever been asked to work for free? Lots of new businesses and freelancers are now being faced with this very situation. They’re told they’re working to gain experience, that the result will net them future work, that it’ll bolster their portfolios. But are these just excuses for free labor, and should you be more concerned with topping up your company finances?

The question you need to ask when deciding whether to work for free is: ‘what’s in it for me?’. There are exceptions: if it’s for a charitable cause, then by all means do as much work as necessary free of charge. But if it’s for other businesses, you need to ask yourself why you’d want to do it. This will usually boil down to how much experience you have. If it’s literally day one for you, you might want to swallow your pride, knuckle down, and work for the experience. It may well pay off when pitching for future business. On the other hand, if you’ve been working for years, there aren’t many situations where you should work for free (barring charity work, of course). Never take their word for it, always ask yourself whether the work is worth it. Generally speaking, that little voice inside will guide you down the right path.

Linda Haynes is a professional writer and researcher.

Performance-Based Marketing Models

Thursday, September 8th, 2011

By Chris Wilkinson

A seismic shift is underway in the advertising world, placing more power in the hands of the advertiser.

In the online/digital realms we see an enormous and unprecedented shift of advertising dollars away from other more traditional media. The incumbent “CPM” model (cost per thousand viewers) is giving way to new performance-based models where compensation to publishers is based on the actual success of the advertising campaign.

Under the old CPM model, the advertiser pays a flat rate for a specific amount of exposure to the consumer. Enter the newer performance-based models which can be more effective and more lucrative for both the advertiser and publisher. Standard performance-based models include:

  • CPA- cost-per-acquisition, publisher takes a percentage of the final sale price or fixed price for each sale which occurs as a result of the ad
  • CPL- cost-per-lead, fixed cost per valid, qualified business lead
  • CPC- cost-per-click, a fixed cost per click, indicating pre-qualified traffic
  • The evolution of performance-based models are forcing publishers in the digital realm to be more selective about their advertisers, resulting in more contextually relevant and appropriate advertising in line with the consumer’s interests.

    These models motivate publishers to see their advertisers as partners with a shared risk and reward for success, and ultimately that is a very positive step forward for the advertising industry.

    Chris Wilkinson is Managing Director of Los Angeles-based Digital Revenue Partners, which specializes in performance-based marketing and sales strategies bridging the traditional and digital media worlds. He may be reached for comment or business inquiries by email (chris@drp-la.com) or phone (323-892-2256).

    Mental Athletes Need Good Nutrition Too

    Wednesday, August 10th, 2011

    By Monika Woolsey

    Mental athletes are my favorites. The designer on a deadline, the creative whose ideas come at 2 am, the entrepreneur dealing with daily cash flow crises.

    Physical athletes understand the nutrition/performance connection. Creatives, not so much. If it meant more time to design, many would ask to live on air…cooking, exercise and sleeping interfere with deadlines!

    Well-fueled brains are a crucial creativity tool. Stable blood sugar levels regulate mood, concentration, and decision making…not to mention impulsivity! Some strategies to prioritize:

    1. Sugar cravings signal that you need to move. Ever had a brilliant idea while running that deposit to the bank? Moving improves brain blood flow and function.

    2. Oils beginning with “s” and “c” (soybean, safflower, sunflower, sesame, corn, cottonseed) interfere with omega-3 function. Stick with olive and canola (one “c” oil that is ok).

    3. Be sure you take enough fish oil, 500 mg DHA per day, about twice the dose the label usually recommends.

    4. Keep protein foods handy (nuts, peanut butter, hard boiled eggs, string cheese, Greek yogurt).

    5. Fast food doesn’t always mean restaurant food! Walk into the grocery store for tuna, an apple, baby carrots, and a mineral water. The Whole Foods deli only uses olive and canola oils; you can eat well there without tedious label reading.

    6. Large amounts of caffeine in the morning inevitably crashes you late afternoon. A favorite non-caffeinated beverage is Solixir’s Awaken.

    Practice these habits. Your productivity and creativity will respond with gratitude.

    Monika M. Woolsey, MS, RD, is registered dietitian and exercise physiologist, and CEO of the inCYST Institute for Hormone Research, a non-profit organization raising money to support research into hormone-related problems such as infertility, insomnia, and premature aging. Check out their upcoming event: http://on.fb.me/o9ClEw.

    Curiosity and the Forever Search for Random Meaningless Information

    Thursday, June 2nd, 2011

    By Michael Chiang

    Growing up in the MTV generation, I was influenced by pop-culture and the forever quest for useless knowledge. Like a sponge, I retained as much information as possible. I memorized and researched jingles, movie lines, rock anthems, gossip, world history, future history, astrology (I am a Gemini), video game codes (up, up, down, down, left, right, left, right, B, A), sports history, names of cities, anything I could get my hands on.

    Believe it or not, I found myself disenchanted with school topics. English class was boring. My attention span was zero in AP Government. French made no sense to me, and math was only good for counting cards. Yet mastering the art of spitting out movie lines; that was awesome! I hung out with my geek friends talking about how “Andy” was a dude’s name, but in “The Goonies,” she was kind of hot.

    You may be asking yourself why you just spent the last 30 seconds reading the paragraph above. You may think it was a waste of time. If you feel dumber or need better time management skills, continue reading. If you agree that random meaningless information doesn’t waste time, skip to the last paragraph.

    People enjoy buying from people they like. What is the easiest way to get a client to like you? Have similar interests and be ever-knowing in random topics. I have closed deals based on discussions about Voltron and the Thundercats. Like intellects gathering in the center of town, I gather at John’s house and draft my top 26 fantasy baseball players. One of my clients asked me to join his league. My personal book of business has just tripled.

    So if your child is asking to watch YouTube videos or anything viral, indulge them. Let them be the sponge that I was. I think I turned out alright.

    You have completed the Choose Your Own Adventure quest. Please pass Go and collect your $200.00.

    Michael Chiang is a senior regional manager at Crescent Solutionsand president of the Los Angeles .NET Developers Group.

    Bricks and Mortar in the 21st Century

    Friday, November 12th, 2010

    Real property is a static thing. Buildings are not readily replaced. Interiors are expensive to remodel. Ownership and financing are structured over 10 and 20-yr horizons, all of which require long term lease commitments from stable tenants to make it work.

    The problem of course is that these days are rarely stable. A company now must be nimble and flexible, which is directly at odds with the long term lease commitment, especially for the newer company. And since landlords are in the business of real estate, with few exceptions they almost always hold the advantage in lease negotiations. Here’s how to be successful.

    Before you start a search for a new workplace, understand your short and long term strategic business plans cold, especially headcount growth. The size of your workforce over time is the best indicator of your space size and lease period commitment.

    You must also consider the nature of your workforce. The trend today is away from private offices that isolate the individual towards open environments that encourage collaboration. A workplace with many private offices is inflexible and doesn’t easily accommodate headcount growth and contraction. An open plan design with modular furniture is more readily adapted to change. An open plan also allows for greater density. With an understanding of headcount and the nature of your workforce, you can now negotiate a new lease that better reflects your needs.

    Remember, your business strategy and real estate commitment sought by Landlords are traditionally at odds. The search for a new workplace will be a long and trying process unless you understand these divergent needs and negotiate lease terms accordingly.

    By Michael Preiss

    Michael Preiss is a commercial real estate agent with 20 years experience representing commercial tenants and landlords

    Need funding? Find a foreign investor who wants a U.S. visa

    Tuesday, August 11th, 2009

    [By Lisa Lerer, for CNNMoney]
    Invest $500,000, score a U.S. visa.
    To find financing in a frozen economy, some entrepreneurs are turning to a little-known program for foreign investors.

    (Fortune Small Business) — Hunting for capital in this frozen economy? Some legislators think an obscure immigration program could help.

    A bipartisan group of senators is pushing to save the EB-5 visa program, scheduled to expire at the end of September. The program grants temporary visas to foreigners who invest at least $500,000 in distressed areas. If an investment creates at least 10 jobs for American workers, the temporary visa can become a permanent green card. Last year, 945 EB-5 immigrants invested more than $400 million in U.S. ventures.

    Critics say it’s unfair that foreign investors can buy their way to the front of the immigration line. But local officials believe the program is a great way to infuse struggling areas with capital.

    “It puts us on the map,” says Tim Sheehy, president of the Metropolitan Milwaukee Association of Commerce. “EB-5 gives foreign investors the opportunity to consider a market that they probably wouldn’t look at otherwise.”

    Distressed areas that win “regional center” status from the U.S. government can market local ventures to overseas investors who become equity partners. Today there are 46 regional centers scattered across the country, offering investments in everything from Napa Valley vineyards to ethanol plants.

    Continue…

    6 Questions to Ask Before Starting a Business

    Monday, July 20th, 2009

    [From Inc Magazine]

    Inventor or entrepreneur?

    Inventor or entrepreneur?


    1. Do you believe you have what it takes?
    2. Are you able to let other people down?
    3. How do you handle setbacks?
    4. Are you really an inventor, rather than an entrepreneur?
    5. Can you accept that your company may outgrow you?
    6. When you look in the mirror, does an entrepreneur look back?

    Are resumés dead?

    Thursday, July 2nd, 2009

    Well, yes and no. In these days of all things Internet, can something so static – so “last century” – still be relevant? No, not on paper. Maybe, via pdf, so corporate filtering software can search for keywords. Yes, when they are ‘profiles’.

    Welcome to web 2.0, aka, social networking. You know – Facebook, LinkedIn, MySpace, etc. Your profiles are now your new [online] resumés. Recruiters and employers can learn so much more from your online profiles than a bunch of text on an overly formatted sheet of chronology. They can purvey photos, vids, comments – you name it. The down side? Well, keep your profile clean and legit because even if you don’t want strangers to scout you out, they will anyway.

    See these other sources I found on this subject:
    Cloud Ave
    Cloud Ave
    Candid Career Counsel
    Career Hub
    Examiner.com

    This evolution of office spaces in 4 simple steps!

    Tuesday, April 14th, 2009

    This is an amazing, albeit brief, overview of the evolution of office spaces in 4 simple diagrams

    http://www.wired.com/culture/design/magazine/17-04/pl_design

    Join BizSpark and get free Microsoft software!

    Friday, March 6th, 2009

    http://www.microsoftstartupzone.com/BizSpark/Pages/At_a_Glance.aspx