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  <NewsItem contentIssues="true" id="23995" important="false" status="posted" url="https://dev.my.umbc.edu/groups/museumpractice/posts/23995">
  <Title>Musician Dave Carroll Takes on Bad Customer Service</Title>
  <Body>
    <![CDATA[
        <div class="html-content"><img src="http://www.inc.com/uploaded_files/image/100x100/guitar-player-up-close_bkt_19920.jpg" alt="" style="max-width: 100%; height: auto;"><br><p>When United Airlines broke Dave Carroll's guitar, he took to YouTube. Now, Carroll has launched GripeVine and Resolution 1 to fix companies' customer service woes.</p><p>It was the customer service screwup heard around the world. In 2009, Canadian musician Dave Carroll became an overnight YouTube star with a music video called "United Breaks Guitars." It told the story of how United Airlines refused to compensate Carroll after baggage handlers smashed his $3,500 guitar. In four days, the video received one million hits.</p><p>Last year, Carroll parlayed his YouTube fame into a start-up called Gripevine, a website that lets customers air complaints about businesses. Now, Carroll hopes to finally start earning revenue by helping businesses appease unhappy customers before they become social-media stars. Resolution 1, his new customer service platform, monitors feedback on social media and other sites. The tool also tracks the performance of customer reps and analyzes complaint volume by region. Prices start at $10 a month per company.</p><p>Carroll says launching a business has made him realize how hard it is to keep customers happy. "I can totally understand how feedback can get out of hand for a big operation like an airline," he says. "Hopefully, this tool will make everyone's lives easier."</p></div>
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  <Summary>When United Airlines broke Dave Carroll's guitar, he took to YouTube. Now, Carroll has launched GripeVine and Resolution 1 to fix companies' customer service woes.  It was the customer service...</Summary>
  <Website>http://feedproxy.google.com/~r/inc/channel/start-up/~3/PayRsrZBjws/musician-dave-carroll-takes-on-bad-customer-service.html</Website>
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  <PostedAt>Sun, 10 Feb 2013 08:00:00 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="23956" important="false" status="posted" url="https://dev.my.umbc.edu/groups/museumpractice/posts/23956">
  <Title>What the Year of the Snake Means for Business</Title>
  <Body>
    <![CDATA[
    <div class="html-content">The Chinese New Year starts this weekend. Here's what the zodiac predicts for your company.<br><br><a href="http://da.feedsportal.com/r/151885632807/u/49/f/625555/c/34343/s/28616bf0/a2.htm" rel="nofollow external" class="bo"><img src="http://da.feedsportal.com/r/151885632807/u/49/f/625555/c/34343/s/28616bf0/a2.img" style="max-width: 100%; height: auto;"></a></div>
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  <Summary>The Chinese New Year starts this weekend. Here's what the zodiac predicts for your company.</Summary>
  <Website>http://feedproxy.google.com/~r/entrepreneur/startingabusiness/~3/xIjqnuzIULM/story01.htm</Website>
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  <PostedAt>Fri, 08 Feb 2013 13:00:00 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="23566" important="false" status="posted" url="https://dev.my.umbc.edu/groups/museumpractice/posts/23566">
  <Title>IBISWorld Industry Intelligence</Title>
  <Tagline>Database trial - ends Mar. 8, 2013</Tagline>
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    <![CDATA[
    <div class="html-content">UMBC now has trial access to <strong><a href="http://www.ibisworld.com/" rel="nofollow external" class="bo">IBISWorld Industry Intelligence</a>.</strong><div><strong><br></strong></div><div><div>IBISWorld produces and publishes over 700 US Industry Reports at the 5-digit level of the NAICS code – all delivered via their website. IBISWorld research reports contain trends, statistics and analysis on market size, market share of competitors and industry growth rates. Major market segments are identified and also those forces affecting supply and demand within the industry. Performance analysis includes emerging industry trends as well as recent production performance.</div><div> </div><div>Alternatively, you can access individual products by visiting separate URL’s broken out by database as listed below:</div><div><br></div><div><strong><a href="http://clients1.ibisworld.com/reports/us/industry/home.aspx" rel="nofollow external" class="bo">US Industry Market Research</a></strong></div><div>700+ Industry Research Reports - 35-50 pages: Industry reports are written at the 5-digit NAICS level - an unparalleled degree of detail. The reports are updated frequently. Each report provides insight into current and future industry performance, changing trends, operating conditions and supply chain conditions.</div><div><br></div><div><strong><a href="http://clients1.ibisworld.com/reports/us/iexpertrisk/home.aspx" rel="nofollow external" class="bo">iExpert Summary Reports</a></strong></div><div><span>700+ iExpert Summary Reports – 4 pages: iExpert reports provide a quick overview of the industry, with key statistics and facts, major market segments, revenue and forecasts. They additionally include the major threat and opportunity of each industry and external impacts and internal management issues to help with further discussion.</span></div><div> </div><div><strong><a href="http://clients1.ibisworld.com/reports/us/bed/home.aspx" rel="nofollow external" class="bo">Business Environment Database</a></strong></div><div>300+ Business Environment Reports – 4-6 pages: Data and analysis on over 300 economic and demographic statistics, categorized in seven “environments” that surround the economy. These include global and domestic influences on US businesses such as interest rates, commodity prices, demographics, and consumer trends.</div><div> </div><div>This is the same industry research tool utilized by commercial banks, investment banks and private equity firms, IT companies, colleges and universities, government agencies, manufacturing companies, advertising and marketing agencies, management consulting, accounting, law, and engineering firms.</div><div><br></div></div><div><span>For off-campus access, please login via VPN first (</span><a href="http://vpn.umbc.edu/" rel="nofollow external" class="bo">http://vpn.umbc.edu</a><span>) and follow the link to the UMBC Library Homepage. Then follow the link under "News &amp; Events" on the Library's homepage to return to this post and click on the "Visit Website" button to access the database. For more info on remote access, see </span><a href="http://aok.lib.umbc.edu/services/remoteaccess.php" rel="nofollow external" class="bo">http://aok.lib.umbc.edu/services/remoteaccess.php</a><span> .</span><br><br><p>The trial runs through March 8, 2013. Feedback on the usefulness of this database is appreciated. Leave contact Drew Alfgren at <a href="alfgren@umbc.edu" rel="nofollow external" class="bo">alfgren@umbc.edu</a>, or leave us a comment to let us know what you think.</p></div></div>
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  <Summary>UMBC now has trial access to IBISWorld Industry Intelligence.     IBISWorld produces and publishes over 700 US Industry Reports at the 5-digit level of the NAICS code – all delivered via their...</Summary>
  <Website>http://www.ibisworld.com</Website>
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  <Tag>database-trials</Tag>
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  <PostedAt>Fri, 08 Feb 2013 10:50:33 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="23996" important="false" status="posted" url="https://dev.my.umbc.edu/groups/museumpractice/posts/23996">
  <Title>Why You Should Keep a Work Journal</Title>
  <Body>
    <![CDATA[
    <div class="html-content"><img src="http://www.inc.com/uploaded_files/image/100x100/journal-bkt_23670.jpg" alt="" style="max-width: 100%; height: auto;"><br><p>Journaling isn't just for angsty teenagers. A work diary can help entrepreneurs pinpoint problems and improve their professional performance.</p><p>Journaling may conjure connotations of angsty teenagers pouring their emotional ups and downs out while locked in their bedrooms, but keeping a daily diary is actually a tool used by many of the world's most successful people.</p><p><a href="http://blogs.hbr.org/cs/2011/04/four_reasons_to_keep_a_work_di.html" rel="nofollow external" class="bo">From Oprah Winfrey to General George S. Patton and artist Andy Warhol</a>, many high achievers use their journals to reveal areas of their careers in need of amplification or improvement. Should you join them?    </p><p>Yes, suggests Madeline Stilley recently on Business Insider. In the post, <a href="http://www.businessinsider.com/the-benefits-of-keeping-a-work-journal-2013-2" rel="nofollow external" class="bo">Stilley shares her experiences with a journaling assignment</a> she was given in graduate school. The professor asked the students to take a few minutes each day to reflect on the following questions in writing:</p><ul><li>What events stand out in my mind from the workday, and how did they affect my inner work life?</li><li>What progress did I make today, and how did it affect my inner work life?</li><li>What nourishes and catalysts supported me and my work today? How can I sustain them tomorrow?</li><li>What one thing can I do to make progress on my important work tomorrow?</li><li>What setbacks did I have today, and how did they affect my inner work life? What can I learn from them?</li><li>What toxins and inhibitors affected me and my work today? How can I weaken or avoid them tomorrow?</li></ul><p>The journal may have started as a class requirement, but Stilley reports it soon became a useful career tool that helps her identify problems, notice patterns, and brainstorm solutions.</p><p>"During the last five to ten minutes of every work day, I would begin to reflect, and without fail, a few key events would stand out that I wanted to iron out on paper," she writes. "This tool assisted me in pinpointing communication errors, enhancing relationships with colleagues, and learning to be a better listener. After the term ended, I found myself opening up the Word document every afternoon to reflect because I thoroughly enjoyed the activity. I found that it improved my awareness and decision-making."</p><p>She's not alone, according to Teresa Amabile and Steven Kramer, co-authors of <a href="http://www.amazon.com/The-Progress-Principle-Engagement-Creativity/dp/145589236X" rel="nofollow external" class="bo">The Progress Principle</a>. On the HBR Blog Network, they have argued that <a href="http://blogs.hbr.org/cs/2011/04/four_reasons_to_keep_a_work_di.html" rel="nofollow external" class="bo">professional journaling is an effective tool for self-reflection</a>, helping professionals improve their focus, patience, planning, and personal growth. "We asked over 200 knowledge workers to send us a daily diary report every day throughout," they report.</p><p>"Keeping regular work diaries, which took no more than ten minutes a day, gave many of our research participants a new perspective on themselves as professionals and what they needed to improve," they conclude.</p><p>Would keeping a work journal be a good use of 10 minutes of your busy day? </p><br>
    <br>
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  <Summary>Journaling isn't just for angsty teenagers. A work diary can help entrepreneurs pinpoint problems and improve their professional performance.  Journaling may conjure connotations of angsty...</Summary>
  <Website>http://feedproxy.google.com/~r/inc/channel/start-up/~3/qoSWXPuLDJM/why-you-should-keep-a-work-journal.html</Website>
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  <PostedAt>Fri, 08 Feb 2013 09:34:39 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="23997" important="false" status="posted" url="https://dev.my.umbc.edu/groups/museumpractice/posts/23997">
  <Title>Best Advice I Ever Got: Trevor Sumner</Title>
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    <![CDATA[
    <div class="html-content"><img src="http://www.inc.com/uploaded_files/image/100x100/sumner-336x336_23389.jpg" alt="" style="max-width: 100%; height: auto;"><br><p>The founder of LocalVox offers a few choice words of wisdom for ambitious self-starters hunting for a mentor.</p><p>Start-up founders and employees have raw talent, but need real mentorship to thrive. Trevor Sumner offers his best career wisdom to would-be entrepreneurs.</p><p><br>Before processing any opinion from an "expert," you have to be cognizant of the biases that "expert" might have. So let me state mine outright: I am not a career coach, I'm a serial entrepreneur. I graduated Princeton in 1998 in an age where you seemingly had to be an idiot not to get caught up in the Internet craze. We were all going to be millionaires, you see.</p><p>But in the false promise of our irrational exuberance, I found where I did belong: start-ups. I have always worked for start-ups, eventually founding my own company, LocalVox. But they're not for everyone--they are exciting, challenging, dynamic, interesting and emotional. They breed tremendous bonds among team members.</p><p>Perhaps more than anything else, they are driven by great and often young people looking to build a career and able to take a risk early on. These are often people with tremendous raw talent in need of mentorship and career advice.</p><p>Ultimately, I believe you will excel at what you are driven by--your passions. When the gas tank is empty and it is 1 in the morning, you need to want to be there, wherever that may be. You need to make others want to be there too. So you better love what you do. A lot. So above all else, as an important litmus test, never take a job or start a company you are not excited to tell your friends about--period.</p><p>Here are three pieces of advice I've learned to take to heart:</p><p><strong>1. It's about people. </strong></p><p>Although it feels like every job is the crucial next step in your career, in hindsight, it's often just one of many. That's not to say you should take it lightly, just that every gig is part of a much longer journey. It's important to be at least a little over your head in any new role. Don't worry, you'll grow into it. If you are not in over your head, over-perform and look up the organization for a better fit and start positioning yourself now. </p><p>One of the most valuable ways to accelerate your learning is to find a great mentor. Nothing substitutes for having a seasoned guide to help you understand and navigate issues above your pay grade, give you context for what you are doing and be thoughtful about what skills you need to acquire.</p><p>If you can't find a mentor where you work, find someone outside of the organization. You will find asking for help to be surprisingly effective. Be open, honest and thankful and listen for the nuggets of wisdom that will change your life.</p><p>Unfortunately, the converse of the mentorship rule also holds true: a bad boss or mentor trumps all. Be careful of bozos, psychos and those who don't really care about you. There are more of them than anyone would like, and it's too easy to pick up bad habits or, worse, accept a bad situation. Don't get trapped by inertia.</p><p>Lastly, remember that what you bring to the table in any job is more than just skills. No (wo)man is an island. You can only scale to a party of one, and the connections you bring are just as, if not more valuable than your skills. If you can connect to an ecosystem of people to better answer questions, learn best practices and drive partnerships, you are much more valuable than your skillset alone.</p><p><strong>2. Act like an owner--become a founder. </strong></p><p>There is a vast difference between being a part of an initiative and driving it. Are you driving forward or waiting for instructions? Are you proactive or reactive? Don't wait to be "caught" when mistakes are made. It builds much more trust to be the first to explain when mistakes are made and how to correct them.</p><p>Understand what drives the business and why what you are doing is important in that overall context. Think about what could be exponentially better for the company. Experiment. Throw around ideas. Ask. Listen.</p><p>Every business is looking for leaders. Leaders try to find creative solutions, challenge the current thinking and find ways to innovate. So should you, on your own initiative.</p><p>Being an owner also means being a positive teammate. Avoid negativity when communicating horizontally and below. Lead by example and do whatever it takes to get the job done. Over the long term, strive to become a founder--the ultimate driver. It's the richest, most challenging and most rewarding thing you can do.</p><p><strong>3. Be really smart with your money. </strong></p><p>Being a founder or following a career that you are passionate about may involve risk, and you need a certain amount of freedom to take it on. This is not career advice per se, but it is important to manage your spending. Your freedom is a simple equation:</p><p>(Dollars in the bank) / (Expenses per month)</p><p>And it's harder to move the numerator than the denominator. So keep your costs low, save your pennies. Stay resilient. Don't make a bad decision and end up in a passionless career because of the money. Find happiness in what you do by having the freedom to make the right choice for you over the long term.</p><p>These sage pieces of advice were collected from multiple mentors; others were lessons from challenging environments. Hopefully they lead you on a path of happiness, fulfillment and a career full of rewarding memories and accomplishments.</p><p>Trevor Sumner is the founder of <a href="http://localvox.com" rel="nofollow external" class="bo">LocalVox</a>, a rapidly growing start-up in New York City that provides a software platform to help local businesses market themselves online. @TrevorSumner @LocalVox</p><br>
    <br>
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    </div>
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  </Body>
  <Summary>The founder of LocalVox offers a few choice words of wisdom for ambitious self-starters hunting for a mentor.  Start-up founders and employees have raw talent, but need real mentorship to thrive....</Summary>
  <Website>http://feedproxy.google.com/~r/inc/channel/start-up/~3/EczoXPx15Qo/best-advice-i-ever-got-trevor-sumner.html</Website>
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  <NewsItem contentIssues="true" id="23910" important="false" status="posted" url="https://dev.my.umbc.edu/groups/museumpractice/posts/23910">
  <Title>Don&#8217;t make me think, who do you think your product is for and more</Title>
  <Body>
    <![CDATA[
    <div class="html-content"><p><strong>A quick reader’s guide:</strong><a href="http://www.amazon.com/gp/product/0321344758/ref=as_li_ss_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0321344758&amp;linkCode=as2&amp;tag=21times-20" rel="nofollow external" class="bo">Don’t Make Me Think</a>, by Steve Krug</p>
    <p>Perhaps the best guide to web usability ever written, <em>Don’t Make Me Think</em> is a must read if you build anything that anyone anywhere ever has to interact with. Since its original publication in 2000, Krug’s book has been adopted as the holy word by user experience designers. The premises are surprisingly simple — for instance, you obviously don’t want to make your users have to think about how to interact with your software. But they can be applied at differing levels of difficulty. I was introduced to this book by experts who still keep it on their bookshelves, when I was just beginning to think about user experience.</p>
    <p>It’s a very short read — even the second edition, with its three extra chapters, is easy to get through. <em>Don’t Make Me Think</em> is designed to be a very user-friendly book. It’s worth reading all the way through, at least once, but it’s a book that’s meant to be used, even more than it’s meant to be read. When you’re working on a large project, Krug’s book can act as a checklist that you should follow to turn out the best possible product.</p>
    <p><strong>Development:</strong> <a href="http://stackoverflow.com/questions/8318911/why-does-html-think-chucknorris-is-a-color/12630675" rel="nofollow external" class="bo">Why does HTML think “chucknorris” is a color?</a><br>
    If you set the background color of a document to “chucknorris” in HTML, the result is a red background. There are plenty of other strings that also produce color, but clearly, Chuck Norris takes precedence.</p>
    <p><strong>Funding:</strong> <a href="http://www.theatlantic.com/technology/archive/2013/02/is-app-era-pricing-making-software-better-or-worse/272896/" rel="nofollow external" class="bo">Is app-era pricing making software better, or worse?</a><br>
    There are days when app pricing seems like a race to the bottom: when mobile apps are priced at 99 cents, it’s hard go much lower. But considering the cost of creating new features for apps, it seems like the expense of adding a new feature must be more than the value a developer will earn back — which begs the question of whether this pricing model makes for better or worse software?</p>
    <p><strong>Operations:</strong> <a href="http://99u.com/articles/7282/Are-You-Out-of-Sync-With-Your-Values" rel="nofollow external" class="bo">Are you out of sync with your values?</a><br>
    Building a company requires building a culture, preferably one that matches up with exactly what you care about. This article from Michael Bungay Stanier discusses what values make sense with your company culture.</p>
    <p><strong>Marketing:</strong> <a href="http://blog.asmartbear.com/better-for-whom.html" rel="nofollow external" class="bo">Better for whom?</a><br>
    Jason Cohen’s most recent post will make you look at the products you build with new eyes. If you’ve ever looked at what already exists in the market and you’ve decided that you can do better, Cohen’s question is crucial. Just who are you building a better product for?</p>
    <p><strong>Beyond Tech:</strong> <a href="http://jamellebouie.net/blog/2013/2/3/and-read-all-over" rel="nofollow external" class="bo">And read all over</a><br>
    Jamelle Bouie’s article first appeared in <em>The Magazine</em>, but since its publication there and on Bouie’s site, it’s gotten a lot of attention. Bouie points out the lack of diversity in tech writing, pointing to the very real issues of having access to the networks that help people find jobs in this area, as well as education and other trends that should be addressed. The article has sparked extensive discussion, as well as disagreements from a lot of tech bloggers. Personally, I find the article hard to disagree with.</p>
    <p><strong>Our most popular link this week:</strong> <a href="http://www.bootstrappist.com/archives/what-it-takes-to-get-in-trending-startups-on-angellist/" rel="nofollow external" class="bo">What it takes to get in “trending startups” on AngelList</a></p>
    </div>
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  </Body>
  <Summary>A quick reader’s guide:Don’t Make Me Think, by Steve Krug   Perhaps the best guide to web usability ever written, Don’t Make Me Think is a must read if you build anything that anyone anywhere ever...</Summary>
  <Website>http://www.bootstrappist.com/archives/dont-make-me-think-who-do-you-think-your-product-is-for-and-more/</Website>
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  <Tag>chuck-norris</Tag>
  <Tag>dont-make-me-think</Tag>
  <Tag>html</Tag>
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  <Tag>pricing</Tag>
  <Tag>steve-krug</Tag>
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  <PostedAt>Fri, 08 Feb 2013 05:30:03 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="23998" important="false" status="posted" url="https://dev.my.umbc.edu/groups/museumpractice/posts/23998">
  <Title>When Good Ideas Bear Fruit</Title>
  <Body>
    <![CDATA[
    <div class="html-content"><img src="http://www.inc.com/uploaded_files/image/100x100/appletree-bkt_23667.jpg" alt="" style="max-width: 100%; height: auto;"><br><p>How is a business like an apple tree? Sharpen your pruning shears and find out.</p><p>Back in July, I wrote about our efforts to bring more focus and discipline to 37signals by parting ways with some of our older products. We were so committed to eliminating nonessential offerings that we decided to sell a service that was generating $17,000 a month in profit. "We're a small company with a small team," I wrote, "and we have to use our resources wisely."</p><p>Today, we're about to launch two products. Both of them are significant departures from the way we usually do things. And we have a bunch more ideas in the pipeline.</p><p>Whatever happened to that newfound emphasis on focus? Was that a mistake? Did I change my mind?</p><p>Let me explain--by telling you about my apple trees.</p><p>I live in Chicago but own some property up in Wisconsin. There's an old stone farmhouse, a couple of barns, some majestic oaks, rolling prairie, a river, and a few apple trees.</p><p>I've been trying to learn how to properly prune them. The trees are handsome and healthy, but if you don't pay attention, they can grow unwieldy and succumb to a variety of ailments. There are any number of reasons to prune a tree. You might do it to make it look prettier. Or you might trim one area in order to favor other limbs. It could be to cut away disease or to prevent a new disease from taking root. It could be to get the tree to generate more fruit.</p><p>So I'm regularly taking a saw or shears to my apple trees. Sometimes, when I'm done, I step back and am not necessarily pleased with what I see. In fact, a freshly pruned apple tree can be a sad sight, looking thinner and weaker than it did before you started. But that's an illusion.</p><p>In almost every case, cutting things back is a way of favoring what is left. You help the tree flourish by picking the winners. What's more, pruning opens up new opportunities for your tree. Light gets in where it couldn't before. Air circulates better. And new growth appears. If you did the pruning right, you've given your tree a stronger foundation for the future.</p><p>Now, back to my business. A few months after cutting back our product line, something unexpected happened: We sprouted some new ideas. During a discussion about one of our products, a couple of ideas suddenly emerged for new ones. I can't go into specifics just yet, but one is a variation on an existing product, and the other is entirely new, something we've never offered. We're finishing them up right now and are pretty excited.</p><p>I am convinced that these ideas never would have emerged had we shied away from cutting some of our old items. Or, to put it in more arboreal terms--as a business, you won't grow strong new limbs if you don't prune the old ones.</p><p>In fact, I believe that a healthy company is like a healthy tree: Well-developed roots (your vision), a strong trunk (your people), and vibrant leaves (your products) work together to convert the sun (revenue) into energy (profits).</p><p>Hokey? Perhaps. But I often find inspiration in nature. Besides, it's high time we entrepreneurs stop using those hackneyed sports and military metaphors. But that's a topic for another day.</p><br>
    <br>
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]]>
  </Body>
  <Summary>How is a business like an apple tree? Sharpen your pruning shears and find out.  Back in July, I wrote about our efforts to bring more focus and discipline to 37signals by parting ways with some...</Summary>
  <Website>http://feedproxy.google.com/~r/inc/channel/start-up/~3/MjZifFT5Whw/when-good-ideas-bear-fruit.html</Website>
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  <PostedAt>Fri, 08 Feb 2013 00:00:00 -0500</PostedAt>
</NewsItem>
  <NewsItem contentIssues="true" id="23957" important="false" status="posted" url="https://dev.my.umbc.edu/groups/museumpractice/posts/23957">
  <Title>Business-Buying Search Funds Gain Momentum</Title>
  <Body>
    <![CDATA[
    <div class="html-content">The buy-build-sell strategy is spreading thanks to a few high-profile successes. Here's how it works.<br><br><a href="http://da.feedsportal.com/r/151885344338/u/49/f/625555/c/34343/s/2857dd79/a2.htm" rel="nofollow external" class="bo"><img src="http://da.feedsportal.com/r/151885344338/u/49/f/625555/c/34343/s/2857dd79/a2.img" style="max-width: 100%; height: auto;"></a></div>
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  </Body>
  <Summary>The buy-build-sell strategy is spreading thanks to a few high-profile successes. Here's how it works.</Summary>
  <Website>http://feedproxy.google.com/~r/entrepreneur/startingabusiness/~3/8D7pnvVIrpc/story01.htm</Website>
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  <PostedAt>Thu, 07 Feb 2013 12:30:00 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="23958" important="false" status="posted" url="https://dev.my.umbc.edu/groups/museumpractice/posts/23958">
  <Title>Hunting for Business Ideas? Consider Looking at These 8 Hot Industries</Title>
  <Body>
    <![CDATA[
        <div class="html-content">Here is a rundown of industries expected to have plenty of room to grow in 2013.<br><br><a href="http://da.feedsportal.com/r/151885344337/u/49/f/625555/c/34343/s/2857dd7c/a2.htm" rel="nofollow external" class="bo"><img src="http://da.feedsportal.com/r/151885344337/u/49/f/625555/c/34343/s/2857dd7c/a2.img" style="max-width: 100%; height: auto;"></a></div>
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  <Summary>Here is a rundown of industries expected to have plenty of room to grow in 2013.</Summary>
  <Website>http://feedproxy.google.com/~r/entrepreneur/startingabusiness/~3/6YB0Y5xO2MU/story01.htm</Website>
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  <PostedAt>Thu, 07 Feb 2013 12:00:00 -0500</PostedAt>
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  <NewsItem contentIssues="true" id="23999" important="false" status="posted" url="https://dev.my.umbc.edu/groups/museumpractice/posts/23999">
  <Title>Best Advice: Fake It Till You Make It</Title>
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    <div class="html-content"><img src="http://www.inc.com/uploaded_files/image/100x100/fakeit-bkt_23663.jpg" alt="" style="max-width: 100%; height: auto;"><br><p>Transitioning vision into reality for a new business, a new model, or simply an internal process may require pushing well beyond the status quo.</p><p>Reddit co-founder <a href="http://en.wikipedia.org/wiki/Steve_Huffman" rel="nofollow external" class="bo">Steve Huffman</a> (who also co-founded Hipmunk and is a 2011 Inc. <a href="http://www.inc.com/30under30/2011/profile-steve-huffman-adam-goldstein-founders-hipmunk.html" rel="nofollow external" class="bo">30 Under 30</a> honoree) is teaching a <a href="https://www.udacity.com/" rel="nofollow external" class="bo">Udacity</a> online course on <a href="https://www.udacity.com/course/cs253" rel="nofollow external" class="bo">Web application engineering</a>.  In one of the <a href="http://youtu.be/zmeDzx4SUME" rel="nofollow external" class="bo">instructional videos</a>, Huffman <a href="http://www.geekosystem.com/reddit-fake-account-origins/" rel="nofollow external" class="bo">reveals</a> that many of Reddit's "users" in the early months were actually fake accounts, created by the founders.</p><p>Huffman goes on to say that these fake users were critical to building Reddit:</p><ul><li>The appearance of activity created momentum with "tons of content" and made the site feel alive, rather than a "ghost town" empty website.</li></ul><ul><li>The articles set the tone for the site, in terms of the topics that were useful or interesting. The community Reddit built in the early days and that continues to this day was driven at least in part by the content the founders posted.</li></ul><p>Within a few months, the site had gained enough momentum and a strong enough sense of community that the authors no longer needed to post articles under fake accounts.</p><strong>Smoke and Mirrors</strong><p>In the video, Huffman talks of willing Reddit into existence. An entrepreneur must have a vision of a better world he or she can create, but vision alone is not enough. He or she must also make his or her vision real and powerful to potential customers and investors. Otherwise, he or she will never gain the resources and momentum he or she requires to be successful.</p><p>In this context, a "smoke and mirrors" approach can sometimes be critical to willing a business model into existence. The forces of skepticism and inertia can be strong among investors and potential customers. To combat those forces, we need to create a compelling vision of the future and make it seem more real and inevitable than the status quo:</p><ul><li><strong>Create a compelling vision</strong> by showing customers and investors that there is an objectively better state of the world we can create, in which we serve customers better and are more richly and sustainably rewarded for doing it.</li></ul><ul><li><strong>Make it real</strong> by showing (through prototypes, pilot programs, small-scale tests, etc.) how this better world tastes and feels (in a very visceral sense), and why it is compelling and rewarding.</li></ul><ul><li><strong>Make it inevitable </strong>by painting a very clear path from vision to reality and bulldozing through (or routing around) obstacles with clear conviction and determination. Also, by rallying and motivating the resources needed to make it happen.</li></ul><p><strong>Important Note: </strong>By "Smoke and Mirrors," we are not suggesting entrepreneurs do anything unethical or illegal. As you will see in the example below, we are talking about ethical actions to gain traction in building a new business model. In the Reddit example above, our view is that the founders' actions were not misleading to their early customers, nor unethical.</p><strong>Willing a New Model Into Existence</strong><p>In one recent engagement, we convinced a client that it needed to guarantee its customers 24-hour turnaround on purchase requests. This was vital to addressing a major reason for customer dissatisfaction and moving to a higher spot on customers' approved vendor list.</p><p>However, we also needed to convince the client that 24-hour turnaround was achievable, when the status quo for most requests was 72 hours. To do so, we launched a pilot program to address key bottlenecks and resource gaps. For a select set of customers, we simplified the entire process, from the level of information needed to fulfill the request to the level of judgment and process needed to approve or deny the request. The pilot results were very positive; customers were happier with a quick denial than with a drawn-out, back-and-forth approval.</p><p>Not bad for a model that we created out of thin air.</p><p>We then made 24-hour turnarounds inevitable, through the simple technique of "burning our boats behind us." We moved employees from their current teams to new "SWAT" teams and built into those individuals' performance goals and incentives a significant bias toward quick decisions. We gave them no choice but to make decisions quickly.</p><p>We also placed the SWAT teams in charge of the entire purchase request process and helped them revamp it so that they could make good decisions quickly. We allowed them to have an above-average "reject rate," because we did not want them to make bad approvals (whereas we were fine with an overly restrictive approval process and high reject rates).</p><p>Along the way, we encountered all manner of doubt and inertia. We boiled our vision down to its essence and communicated it at every opportunity. When told "it can't be done," we responded (politely, of course!), "It must be done, and here's why. Either get on board or get out of our way." Where necessary, we borrowed or appropriated folks, taking them away from their day jobs (or simply redefining what their "day job" actually was) and asking for forgiveness instead of permission.</p><p>With the successful pilot in hand, we are adding more SWAT teams across the rest of the organization.</p><p>Note that at any point in time, senior executives could step in and stop or delay this whole operation. If they did so, they would see behind the curtain, see the "spit and baling wire" with which we were holding the whole operation together. Major processes and team structures are in flux, and we're learning as we go. However, the executives remain very supportive because we have made a compelling case (and continue to make the case) that the status quo is untenable.</p><p>In this way, we are faking it until we make it.</p><p>Have you willed your business into existence?  Share your thoughts with us at <a href="mailto:karlandbill@avondalestrategicpartners.com" rel="nofollow external" class="bo">karlandbill@avondalestrategicpartners.com</a>.</p><br>
    <br>
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  </Body>
  <Summary>Transitioning vision into reality for a new business, a new model, or simply an internal process may require pushing well beyond the status quo.  Reddit co-founder Steve Huffman (who also...</Summary>
  <Website>http://feedproxy.google.com/~r/inc/channel/start-up/~3/3I6oKi__8Pw/best-advice-fake-it-until-you-make-it.html</Website>
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  <Sponsor>The Alex. Brown Center for Entrepreneurship</Sponsor>
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  <PostedAt>Thu, 07 Feb 2013 10:40:18 -0500</PostedAt>
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