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  <NewsItem contentIssues="true" id="24237" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entrepreneurship/posts/24237">
  <Title>A Peek Inside Houston's Startup Scene</Title>
  <Body>
    <![CDATA[
        <div class="html-content">A low cost of living, diverse population, and deep ties to energy and life sciences are just a few of the perks for new ventures blowing out of H-town.<br><br><a href="http://da.feedsportal.com/r/158400406403/u/49/f/625555/c/34343/s/28b18fa8/a2.htm" rel="nofollow external" class="bo"><img src="http://da.feedsportal.com/r/158400406403/u/49/f/625555/c/34343/s/28b18fa8/a2.img" style="max-width: 100%; height: auto;"></a>
        </div>
    ]]>
  </Body>
  <Summary>A low cost of living, diverse population, and deep ties to energy and life sciences are just a few of the perks for new ventures blowing out of H-town.</Summary>
  <Website>http://feedproxy.google.com/~r/entrepreneur/startingabusiness/~3/dnQhj9LUsWc/story01.htm</Website>
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  <Sponsor>The Alex. Brown Center for Entrepreneurship</Sponsor>
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  <PostedAt>Mon, 18 Feb 2013 11:32:00 -0500</PostedAt>
</NewsItem>
  <NewsItem contentIssues="true" id="24220" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entrepreneurship/posts/24220">
  <Title>Turn Your Toughest Customer Into Your Biggest Fan</Title>
  <Body>
    <![CDATA[
    <div class="html-content">
    <img src="http://www.inc.com/uploaded_files/image/100x100/phone-bkt_23903.jpg" alt="" style="max-width: 100%; height: auto;"><br><p>These 7 tips will help you transform your most difficult clients into big marketing victories.</p>
    <p>Watch out! Here comes Gladys. Or maybe it's Tim, Nelly, or Nigel. Whatever the name, this client is cranky and snappish, making even the most skilled professionals run for cover. Is it possible to convert this cantankerous customer into a fan?</p>
    <p>Success coach and international speaker <a href="http://www.marilynsuttle.com/" rel="nofollow external" class="bo">Marilyn Suttle</a> offers a resounding yes.</p>
    <p>In her best-selling book, <a href="http://www.amazon.com/Whos-Your-Gladys-Difficult-Customer/dp/0814414397/ref=sr_1_1?ie=UTF8&amp;s=books&amp;qid=1250779728&amp;sr=1-1" rel="nofollow external" class="bo">Who's Your Gladys? How to Turn Even the Most Difficult Customer Into Your Biggest Fan</a>, Suttle recognizes that most any business has their Gladys, and it can be a huge challenge, but there is hope. "When you practice emotion management and grow your creative problem-solving abilities, magic happens," says Suttle.</p>
    <p>Here are Suttle's seven tips to turn tough customers into devoted fans who spread good news about your company. To learn more about creating world-class customer service, tune in to my interview with Suttle on <a href="http://bit.ly/ViwF2s" rel="nofollow external" class="bo">Million Dollar Mindset radio</a>.</p>
    <p><strong>1. Thank your customer for complaining, and mean it.</strong></p>
    <p>The most calming phrase you can say to a complaining client is, "Thank you for telling me." A genuine thank-you can be disarming. Be thankful that your customer is willing to tell you what most won't. It's a gift that may offer you insight into problems that other customers aren't willing to share. Eighty-nine percent of unhappy customers will simply take their business elsewhere without telling you why. Instead, they tell everyone else: their families, friends, and everyone in their social-media networks. When they do tell you, follow up your gratitude with, "I'm so sorry. Please tell me more."</p>
    <p><strong>2. Soothe yourself when customers rant.</strong></p>
    <p>When you're on the receiving end of a Gladys attack and your customer is angry and venting, do you bristle inside? Feel annoyed and defensive? What can you do? Soothe yourself. Tell yourself, "Venting is good. I choose to be calm and capable of creating a safe space for my customer to feel heard." Jumping in with a solution before a customer has fully expressed herself only makes things worse. Not until the negative feelings come out can good feelings flow in. (Much like turning on the shower--the icy-cold water comes out first before that warm water flows.)</p>
    <p><strong>3. Take the high road. </strong></p>
    <p>The customer isn't always right--but their perception of that matters. Managing perceptions is a necessary part of long-term success. Resist the urge to point fingers, pass blame, or make excuses. Instead, take ownership of the situation and restore trust. Remind yourself that you don't have to prove someone wrong to set things right. Before saying anything, ask yourself, "Is what I'm about to say truthful, useful, kind, and unifying?" If not, don't say it.</p>
    <p><strong>4. Get comfortable with conflict. </strong></p>
    <p>No one wakes up in the morning thinking, "I'm so glad I get to have a tough conversation with my client today." Conflict is uncomfortable. Even so, disruption is sometimes necessary for better results, deeper understanding, and stronger relationships to emerge. Avoiding a conflict doesn't make problems go away. You may get a temporary retreat from a client's displeasure by avoiding an angry phone message or email, but the longer you put it off, the harder it is to recover. It's a proven fact that when conflict is resolved well, a customer can become an even more devoted fan than they would have if there was never a problem in the first place. Managing conflict well builds trust and loyalty.</p>
    <p><strong>5. Pivot toward thoughts that inspire excellence.</strong></p>
    <p>How you think about your customers influences how you respond to them. It's so easy to slip into unhelpful thinking like, "My customer makes me want to pull out my hair and run screaming from the room!" When you notice it, reach for a more resourceful thought like, "My customer's persnickety personality gives me an opportunity to use my skills to win them over." This belief activates all your inner resources and puts you in a calmer, more inspired state of mind. Put pressure on coal and you get diamonds. That's good pressure. When a customer puts pressure on you, see it as a good way for you to grow your abilities.</p>
    <p><strong>6. Look for the positive qualities in your client's negative behavior.</strong></p>
    <p>Depending on your view, you can describe a customer as being "loud and demanding" or "excited and tenacious." When you look for the positive qualities in your challenging customer, you increase your ability to connect. Begin noticing the positive qualities and your clients will start responding to you differently. Consider "rude" as "willing to say what's on her mind." View "wishy-washy" as "someone who likes to weigh options."</p>
    <p><strong>7. Be prepared for service recovery.</strong></p>
    <p>When it comes to doing business, it's not a matter of if something will go wrong, it's a matter of when. Don't be surprised when it happens; be prepared. Ask, "How can I set things right and make you happy?" Often customers ask for a lot less than you might think, because what they really want to know is that you care. Go above and beyond to take care of them when things go wrong and you'll gain their loyalty.</p>
    <br>
    <br>
    <a href="http://ads.pheedo.com/click.phdo?s=57f496b61cf3e6bd00ad33243245c97a&amp;p=1" rel="nofollow external" class="bo"><img alt="" src="http://ads.pheedo.com/img.phdo?s=57f496b61cf3e6bd00ad33243245c97a&amp;p=1" style="max-width: 100%; height: auto;"></a>
    </div>
]]>
  </Body>
  <Summary>These 7 tips will help you transform your most difficult clients into big marketing victories.  Watch out! Here comes Gladys. Or maybe it's Tim, Nelly, or Nigel. Whatever the name, this client is...</Summary>
  <Website>http://feedproxy.google.com/~r/inc/channel/start-up/~3/iZU-ygbo18I/tough-customers-into-vocal-advocates.html</Website>
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  <PostedAt>Mon, 18 Feb 2013 08:51:00 -0500</PostedAt>
  <EditAt>Mon, 18 Feb 2013 08:51:00 -0500</EditAt>
</NewsItem>
  <NewsItem contentIssues="true" id="24194" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entrepreneurship/posts/24194">
  <Title>10 Startup Events and News to Watch This Week</Title>
  <Body>
    <![CDATA[
        <div class="html-content">Social Media Week kicks off, startups rally in Atlanta, Stanford gives young treps the mic, PandoMonthly chats with Drew Houston, a govathon takes stage, Kairos Society's young treps gather in NYC… This week’s notable news and startup events for young ‘treps.</div>
    ]]>
  </Body>
  <Summary>Social Media Week kicks off, startups rally in Atlanta, Stanford gives young treps the mic, PandoMonthly chats with Drew Houston, a govathon takes stage, Kairos Society's young treps gather in...</Summary>
  <Website>http://feedproxy.google.com/~r/YoungentrepreneurcomBlog/~3/QsEjkushVGM/</Website>
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  <Tag>colleges</Tag>
  <Tag>conferences</Tag>
  <Tag>entrepreneurship</Tag>
  <Tag>incubators</Tag>
  <Tag>startup-business-ideas</Tag>
  <Tag>startup-news</Tag>
  <Tag>venture-capital</Tag>
  <Tag>whats-on-tap</Tag>
  <Tag>young-entrepreneurs</Tag>
  <Group token="entrepreneurship">Alex. Brown Center for Entrepreneurship</Group>
  <GroupUrl>https://dev.my.umbc.edu/groups/entrepreneurship</GroupUrl>
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  <PostedAt>Mon, 18 Feb 2013 06:00:01 -0500</PostedAt>
  <EditAt>Mon, 18 Feb 2013 06:00:01 -0500</EditAt>
</NewsItem>
  <NewsItem contentIssues="true" id="24192" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entrepreneurship/posts/24192">
  <Title>5 Tips for Choosing Your Minimum Viable Product</Title>
  <Body>
    <![CDATA[
    <div class="html-content">
    <p><a href="http://www.bootstrappist.com/archives/5-tips-for-choosing-your-minimum-viable-product" rel="nofollow external" class="bo"><img src="http://www.bootstrappist.com/files/2013/01/7671236338_97e214f863_z-e1357077663503.jpg" alt="" width="600" height="421" style="max-width: 100%; height: auto;"></a></p>
    <p>Building a minimum viable product — something that can show what you want to do to prospects and perhaps even start bringing in a little money to help you fund the development of a bigger product — makes a lot of sense. It’s especially useful when your product is solely the result of the hours you spend at the computer: minimizing those hours to test the basic concepts means that you can discover what does and doesn’t work a lot faster.</p>
    <p>But deciding on just what you’ll offer as your MVP isn’t always easy. Some projects have a small core component that you’ll have to build anyway to get started, making for a quick decision. But many projects have a lot of moving parts and it’s not always simple to decide which parts need to be tested first. These tips can help you make a decision.</p>
    <ol>
    <li>Make some lists. It may seem old-school to just sit down and think about your product, but write out a list of the reasons the full product will be attractive to your customers. Create a list of the smaller pieces of the project that you could complete without building the whole structure, and note the pros and cons of using each piece as your MVP. Don’t limit yourself to what you can build, by the way. If you can mimic the function of an app by hand for your users or rely on a couple of APIs to get started, include those options.</li>
    <li>Schedule interviews with your ideal customers for the full project. Unless you are also a member of that audience, it’s hard to tell what you’re assuming to be true and what that audience actually believes. Take your list and start asking questions. You may find that one small piece of your project is exactly what gets that audience excited.</li>
    <li>Put together a short plan for actually building each of your contenders for MVP. Some options will be more minimal than others, at least in terms of what you need to build to make it available. Consider details like whether you prefer test-driven development and how they might slow certain options down.</li>
    <li>Plan how you can test and gather data about the finished product. If you can’t find out how audiences respond to your MVP and what you need to change, then you’re not looking at a practical MVP. This needs to an experience you can easily learn from.</li>
    <li>Decide what part you’re excited about. The coding always goes faster when you’re working on something you actually want to finish. If a lot of your potential MVPs aren’t exciting you, skip over them to something that you’ll be happy to put extra hours in on.</li>
    </ol>
    <p>Image by Flickr user <a href="https://secure.flickr.com/photos/gangplankhq/7671236338/" rel="nofollow external" class="bo">Gangplank HQ</a></p>
    </div>
]]>
  </Body>
  <Summary>Building a minimum viable product — something that can show what you want to do to prospects and perhaps even start bringing in a little money to help you fund the development of a bigger product...</Summary>
  <Website>http://www.bootstrappist.com/archives/5-tips-for-choosing-your-minimum-viable-product/</Website>
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  <Tag>entrepreneurship</Tag>
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  <PostedAt>Mon, 18 Feb 2013 05:30:15 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="24175" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entrepreneurship/posts/24175">
  <Title>College Entrepreneur Creates Wireless Headphones</Title>
  <Body>
    <![CDATA[
          <div class="html-content">A young DJ mixes up a wireless sound solution with his startup EarTop.</div>
      ]]>
  </Body>
  <Summary>A young DJ mixes up a wireless sound solution with his startup EarTop.</Summary>
  <Website>http://feedproxy.google.com/~r/YoungentrepreneurcomBlog/~3/IRIaC9GoSxw/</Website>
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  <Tag>college-entrepreneurs</Tag>
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  <Tag>startups</Tag>
  <Tag>success-stories</Tag>
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  <PostedAt>Sun, 17 Feb 2013 06:00:40 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="24159" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entrepreneurship/posts/24159">
  <Title>Web Startup Offers Fans Unique Experiences</Title>
  <Body>
    <![CDATA[
        <div class="html-content">Fandeavor.com puts sports junkies in the middle of the action.<br><br><a href="http://da.feedsportal.com/r/158401396468/u/49/f/625555/c/34343/s/28a2ac5f/kg/342/a2.htm" rel="nofollow external" class="bo"><img src="http://da.feedsportal.com/r/158401396468/u/49/f/625555/c/34343/s/28a2ac5f/kg/342/a2.img" style="max-width: 100%; height: auto;"></a>
        </div>
    ]]>
  </Body>
  <Summary>Fandeavor.com puts sports junkies in the middle of the action.</Summary>
  <Website>http://feedproxy.google.com/~r/entrepreneur/startingabusiness/~3/-rT1kimVXYs/story01.htm</Website>
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  <PostedAt>Sat, 16 Feb 2013 11:00:00 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="24141" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entrepreneurship/posts/24141">
  <Title>The Key to Successful Marketing: Your Unique Selling Proposition</Title>
  <Body>
    <![CDATA[
        <div class="html-content">How to create a simple, compelling value statement that your customers can't resist.</div>
    ]]>
  </Body>
  <Summary>How to create a simple, compelling value statement that your customers can't resist.</Summary>
  <Website>http://feedproxy.google.com/~r/YoungentrepreneurcomBlog/~3/lRmoxvmrz7E/</Website>
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  <Tag>business-growth-strategies</Tag>
  <Tag>finding-customers</Tag>
  <Tag>marketing</Tag>
  <Tag>marketing-ideas</Tag>
  <Tag>seo-tips</Tag>
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  <PostedAt>Sat, 16 Feb 2013 06:00:04 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="24128" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entrepreneurship/posts/24128">
  <Title>4 Business Lessons from Quentin Tarantino Movies</Title>
  <Body>
    <![CDATA[
        <div class="html-content">What you can learn about managing your business from the award-winning writer and director.</div>
    ]]>
  </Body>
  <Summary>What you can learn about managing your business from the award-winning writer and director.</Summary>
  <Website>http://feedproxy.google.com/~r/YoungentrepreneurcomBlog/~3/KmobFe9SPog/</Website>
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  <Tag>business-growth</Tag>
  <Tag>business-growth-strategies</Tag>
  <Tag>business-management</Tag>
  <Tag>management-lessons</Tag>
  <Tag>movies</Tag>
  <Tag>startup-basics</Tag>
  <Group token="entrepreneurship">Alex. Brown Center for Entrepreneurship</Group>
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  <PostedAt>Fri, 15 Feb 2013 16:00:38 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="24113" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entrepreneurship/posts/24113">
  <Title>10 Stories From the Web to Know About This Week</Title>
  <Body>
    <![CDATA[
        <div class="html-content">From Fab.com to Blue Apron, NYC hearts innovation, working on purpose, the touchy subject of lending cash or investing in friends, why not knowing is key to finding success, robots on the job, young people like big government… This week’s notable news and tantalizing tidbits for young treps.</div>
    ]]>
  </Body>
  <Summary>From Fab.com to Blue Apron, NYC hearts innovation, working on purpose, the touchy subject of lending cash or investing in friends, why not knowing is key to finding success, robots on the job,...</Summary>
  <Website>http://feedproxy.google.com/~r/YoungentrepreneurcomBlog/~3/wkxSFAJpe3o/</Website>
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  <Tag>barack-obama</Tag>
  <Tag>economic-policies</Tag>
  <Tag>entrepreneurship</Tag>
  <Tag>friends-and-family</Tag>
  <Tag>investors</Tag>
  <Tag>purpose</Tag>
  <Tag>startup-news</Tag>
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  <PostedAt>Fri, 15 Feb 2013 13:00:54 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="24111" important="false" status="posted" url="https://dev.my.umbc.edu/groups/entrepreneurship/posts/24111">
  <Title>New Crowdfunding Sites Boost Health Startups</Title>
  <Body>
    <![CDATA[
    <div class="html-content">Crowdfunding is catching fire in health care, partly because of the growing collection of sites that offer services to entrepreneurs inventing new products for patients, physicians and other medical providers.<br><br><a href="http://da.feedsportal.com/r/158402117333/u/49/f/625555/c/34343/s/289bf859/a2.htm" rel="nofollow external" class="bo"><img src="http://da.feedsportal.com/r/158402117333/u/49/f/625555/c/34343/s/289bf859/a2.img" style="max-width: 100%; height: auto;"></a>
    </div>
]]>
  </Body>
  <Summary>Crowdfunding is catching fire in health care, partly because of the growing collection of sites that offer services to entrepreneurs inventing new products for patients, physicians and other...</Summary>
  <Website>http://feedproxy.google.com/~r/entrepreneur/startingabusiness/~3/L0aSXvAPsAw/story01.htm</Website>
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  <PostedAt>Fri, 15 Feb 2013 11:15:00 -0500</PostedAt>
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