Why Innovation In Business Is Crucial

Entrepreneurialism is important in business from a risk taking point of view, but also in terms of innovation. Entrepreneurialism drives business, and business drives innovation across science, marketing, sales and administration, and this kind of innovation across business areas is crucial to the progress of society and to building a successful, sustainable modern entity. In promoting entrepreneurialism, you promote innovation as a crucial step towards gaining an edge on competitors and driving sales. But to what extent is innovation important and business, and what lessons should you take away from entrepreneurialism when running your business?

The basic laws of entrepreneurialism, which should be applied to most all businesses and trades across sectors, state that risk equals a chance of reward. Without the risk there is no reward, but with a guaranteed reward there is no risk. Thus the two go hand in hand as complimentary aspects of doing business or promoting any commercial venture. However, in refining that formula it is possible to increase the chances of reward by going about the risk in a managed and careful way. One of the main risk factors for any business is the threat of competition, and in reducing that risk by innovation and entrepreneurialism, the chances of an ultimate reward are greatly increased.

Innovation in business is vital to remaining in line with and preferable ahead of your competitors. Innovation is possible across business areas and, like entrepreneurialism more generally, is vital to longer term commercial success and becoming a market leader. Without innovation, you’ll constantly find yourself one step behind the competition and trailing others in creativity, ideas and ultimately sales. However by taking the time to develop new innovations, you will not only win new customers but also create loyal existing customers which will transpire into more profitable business relationships for many years to come.

While part of entrepreneurialism, innovation is also part of the corporate social responsibility owed by each and every business to society. That is, to progress through investment and funding in innovation and new technologies with a view to improving the world in which we live. While there are obvious monetary benefits to remaining one step ahead, it’s also important to remember that there are social benefits too, and your business owes it to your customers and to the community at large to innovate within your chosen area to improve the way we live our lives so far as possible. Without innovation, we’d be stuck in the stone age.

Innovation obviously has a very important role to play in entrepreneurialism and in business generally, but it also plays an important part in the quality of our lives, and the society in which we live. Businesses that innovate should be recognised for their achievements in this regard. Ultimately, they are rewarded with the benefits of entrepreneurialism – respect, growth and wealth, and by continuing to innovate in a number of different aspects of business and society, organisations can lead their market on a global scale in the name of progress.

Business Brokers In Philadelphia

Philadelphia, the 6th largest metropolitan area in the United States is home to around 6 million people. Not far from other top metropolitan areas in the US such as Boston, New York and Washington DC Baltimore, the north east is clearly the most populated area in the US. With over 116,000 businesses, Philadelphia is an extremely large market with a great deal of commerce including a lot of business transactions.

One of the businesses that operate in Philadelphia is A Neumann and Associates LLC. As a Philadelphia Business Broker, A Neumann and Associates specializes in assisting business buyers and sellers during business transactions. Their service starts long before the sale or purchase however, and it always starts with the number one priority which is Confidentiality.

As a leading Philadelphia Business Broker, A Neumann and Associates has built a reputation on expertise, tremendous track record and exceptional service that has lead to many happy clients and many incredible testimonials. They begin their service long before the purchase or sale and often extend their service long after. For instance, a business seller needs a certified business valuation from a third party expert in, A Neumann and Associates has been involved in thousands of business valuations.

There many reasons why business owners need a certified business valuation, and they are required if they wish to justify their asking price, have buyers take them serious and ultimately sell their business. On average, entrepreneurs only experience one business transaction in their life. With this lack of business transaction experience, major mistakes can occur without proper representation. This is what A Neumann and Associates specializes in, not only mitigating the risk of mistakes, but obtaining the best possible result for their client and doing so much faster than the average business transaction. There are just a few reasons why they are highly respected as a Philadelphia Business Broker.

For business sellers, they also have to prepare up front. No offer will be taken serious by a business seller without justification of their offer price and proof that they have the financial ability to close on the transaction. A Neumann and Associates prepares buyers in order to have a strong offer that will be taken serious by the buyer and assists with obtaining financing if necessary to close the transaction. These upfront steps are crucial for business buyers just like the upfront steps are critical for business sellers.

As an experienced Philadelphia Business Broker, A Neumann and Associates hold many events and speaking engagements. Topics include what is your business worth, current market trends, best practices and mistakes to avoid as a business owner, buyer or seller, etc. They have write ups frequently in the press communicating helpful advice and expertise to business owners all over the tri-state area. With over 25 years of business transaction experience, 450 nationwide offices and thousands of business valuations and owners serviced, A Neumann and Associates LLC is a leading Philadelphia.

Cleantech Clusters: A Driving Force in Cleantech Innovation

There are a few main problems that the working professional is facing today: a bad economy, a lack of jobs, and a lack of motivation. What people don’t realize is that there is an uprising cleantech revolution coming about, an innovative industry that will not only work towards driving clean technology innovation, but is also creating exciting jobs and vast opportunity.

Cleantech Clusters are a main driving force towards this cleantech innovation, and there are a few main reasons why. Cleantech Clusters are a powerhouse for creative innovation, networking, and revenue.CleanTECH San Diego is an example of why cleantech clusters are so beneficial and successful.

Currently proudly housing over 820 cleantech companies, CleanTECH San Diego is becoming a powerhouse cluster. Within this cleantech cluster are different companies specializing in different areas of Cleantech, including Biotech, High Tech, Research Institutes, Transportation, Biofuels, Solar, and others. As if this weren’t enough, this thriving metropolis of a clean techie’s haven is constantly bringing about thousands of new jobs.

Cleantech clusters like CleanTECH San Diego offer a diverse array of stakeholders within their growing networks. In doing so, they are creating a network not only of people, but also ideas. It is through these collaborating efforts that new ideas and innovative goals are sparked. Cleantech clusters are very beneficial, but are sometimeslimited by their cluster’s geographic location, and therefore only interact with other cleantech companies within their cluster.

Professionals recognize how important cleantech clusters are becoming to the rise of cleantech innovation. In 2010, The Global Cleantech Cluster Association was created in order to link Cleantech Clusters on a worldwide scale, in order to boost innovation and continue the push for the Cleantech Revolution.

An important thing to remember when looking at how important Cleantech clusters are becoming is the idea of open innovation. This is achieved through linking these cleantech communities and clusters from one corner of the world to another. Through events, online contests and networking sites, cleantech professionals can now come together for the same cause and collaborate on projects and ideas.

There are many different issues that need to be addressed in order to make this cleantech revolution a success. However, now with the convenience of cleantech clusters, and bringing different clusters together through open innovation, cleantech innovation is accelerating.

No two minds think alike, and no 2 cleantech clusters function the same exact way, however individually they are a necessity to cleantech innovation, and when they come together the results are even greater. Collaboration is key in order to continue growing as a cleantech industry.

How and why technology is important in our lives

Technology is all over, entwined virtually in each and every part of our lives. It affects however we tend to look, socialize, connect, play, and most significantly learn. With their nice and increasing presence in our lives it solely is sensible to own mobile technology news within the room. Nonetheless there are some colleges that are delaying this close at hand way forward for using technology within the schoolroom as the valuable learning tool it is. If used properly, can help prepare people for his or her future careers, which is able to inevitably embrace the utilization of wireless technology. Integrating technology into the schoolroom is certainly an excellent way to reach diversity in learning designs. It provides people the prospect to move with their classmates more by encouraging collaboration. Nowadays people can’t live without technology. From a needle to a telescope, everything is the gift of modern science and technology. People are so involved it that they can’t imagine a day without it.

Technology and its uses-

Technology products helps the lecturers prepare people for the important world surroundings. As our world is becoming more and more technology-dependent, it becomes even more necessary that people should learn to be tech-savvy. Integrating technology in education everyday helps people keep engaged. Today’s people love technology so that they are bound to have an interest in learning if they will use the tools they love. With technology news, the schoolroom could be a happier place. People are excited regarding having the ability to use technology and so are more apt to be told. When mobile technology is instantly out there within the schoolroom, people are able to access the foremost up-to-date data faster and easier than ever before. The traditional passive learning mold is broken. With technology within the schoolroom the teacher becomes the encourager, adviser, and coach. People become more experienced. Technology helps people take additional management over their own learning. They learn the way to create their own choices and really think for themselves.

How technology helps us in various ways-

Student will have access to digital textbooks that are perpetually updated and sometimes additional vivid, helpful, creative and a lot cheaper than those previous significant books. If you’re still debating using the newest technology, I hate to interrupt it to you; however it’s the inevitable way forward for education anyways. It is vital that college wireless networks sustain with the ever-changing technology so as to stay up with the people. From the convenience of human activity with their lecturers via e-mail, to quickly accessing an overabundance of knowledge on-line about a particular topic they need learned concerning at school, technology products are required in today’s schoolroom.

If you would like to know or just have some questions on integrating the newest technology just. There are agencies which have helped faculties everywhere the country bring mobile technology within the schoolroom with success. Their goal is to help you out .they can be trusted blindly.

A.N.A New York City Business Broker

New York City, the largest metropolitan area in the United States and home to over 22 million people in the greater area is also the largest commerce center. Based on Census, New York City is home to almost 2 million businesses. It is no surprise that business transactions are common and so is the importance of a New York City Business Broker.

Most business owners only experience one business transaction in their lifetime. Also, most business owner’s have not thought about an exit strategy for their business. Without a plan and without business transaction experience, there are huge mistakes that can be extremely costly and life altering that must be avoided. So what is the solution?

Proper representation by an experienced and reputable firm is the solution. If you are seeking a York City Business , then look no further than A Neumann and Associates. With over 25 years of Mergers and Acquisitions experience and involved in thousands of business valuations, they will assist you from before to often well after a business transaction.

It all starts with confidentiality. This is a critical component of the process to keep everything completely confidential. The next step is a certified business valuation by a third party. It must be a third party to be objective, a business valuation obtained by a party representing the buyer or seller creates a conflict of interest and the valuation may come in high or low. Buyers will not even take a seller serious unless they have a third party certified business valuation. It also justifies the asking price, helps the buyer secure financing and has many additional benefits. 

Many business owners obtain business valuations years in advance, almost like a business scorecard or snapshot of their current standing in the industry and use the information to improve the value and salability of their business. Savvy business owners use the analysis of value drivers in the business valuation to significantly improve their standing in the industry. Value drivers impact not only the value, but salability of a business. Improvements on value drivers and minimizing negative value drivers instill comfort and confidence in business buyers that the business will sustain and even improve operations, profit and value going forward.

Most businesses without proper representation from an expert New York Business will not sell. And if they do, they are often leaving a lot of money on the table, agreeing to non-favorable terms, paying way too much in taxes, etc. A Neumann and Associates offers free confidential consultations to review your current standing, future plans and goals. Structuring the deal properly is critical to meeting goals and since business owner’s usually only sell one business, they can’t afford to make mistakes.

As a leading business broker firm in the New York City and tri-state area, A Neumann and associates has built it’s reputation on excellent customer service. Their testimonials from happy clients speak volumes about their expertise, professionalism and a New York City business brokers firm that you can trust.

Open Innovation – How It Can Affect the Future of the Cleantech Industry

The next time you’re sitting in your office, trying to think of how you’re going to bring your newest cleantech innovation to life, you’ll probably wish that you had a team of experts to help.

Luckily, that’s exactly what Open Innovation does!

Open Innovation is a term coined by Henry Chesbrough, a professor and executive director at the University of California, Berkeley. It refers to the idea that you can use internal and external ideas to advance your technology – meaning that you can use experts and tools both inside of your company and outside of it to create new products and services. Open Innovation is increasingly being used across a number of different industries, but it can be especially beneficial to the cleantech industry.

How would it work?

Think about what kind of cleantech innovation is already happening… New ideas and products are popping up in all corners of the globe – from the U.S., to China, to Germany, to the U.K., to Israel. Whether it’s wind, water, or solar-related, cleantech innovation is happening very quickly – which is why it has turned into a multi-billion dollar industry.

But just imagine what would happen if all of these companies teamed up and lent their expertise to each other as part of a “cleantech network”. The rate of cleantech innovation would be off the charts!

If you apply the idea of Open Innovation to the cleantech network, you could link big and small companies with research experts, investors, and anyone else that could help advance the industry. They could share ideas and outsource work to one another. If for example, you own a company that focuses on cleantech innovation through solar power, you might not know how to move forward with a wind-based project. A cleantech network could help you get started!

Right now, there is a cleantech network to some extent, but it is largely divided by region. As a result, the cleantech network that exists today doesn’t even technically follow the Open Innovation premise. With the power of the world wide web, that’s simply unacceptable!

By establishing a global cleantech network, it would be easier to find investors, figure out how to move forward with research, and come up with never-before-seen cleantech innovation. And, everything could be done right through the internet!

Digital Movie Distribution For Independent Filmmakers

A lot independent filmmakers (myself included) and movie distributors have relied on DVD sales to survive in this business. With DVD sales in a steady decline that revenue stream is drying up. It could be premature to pronounce DVD dead as format, but it is fading away.

DVD sales are in a slump leaving independent filmmakers and distributors adrift at sea waiting for a lifeboat to rescue them. That lifeboat looks to be digital movie distribution. Slice Of Americana Films has jumped on board by signing a deal with Gravitas Ventures, a company that is focused on digital movie distribution. How does digital movie distribution differ from traditional distribution?

In my view traditional distribution is based on the old ways of movie distribution. The huge downside for independent filmmakers is the length of the contract they are asked to sign. Some distribution deals terms run as long as 25 years and include all possible distribution rights now or in the future. With the bright tech minds out there there will me many ways to distribute movies have not yet been invented, but will as movie technology continues expand. A 25-year movie distribution deal only favors the distributor’s interest, not that of the true independent filmmaker/.

Digital movie distribution offers more options to independent filmmakers and does not lock them in a deal that’s not in their best interest. I am not giving away any trade secrets. You can listen for yourself to Gravitas Ventures founder Nolan Gallagher speak in an interview with Movie Biz Coach about how their 2-year distribution deal works.

Independent filmmakers that want to take the self-distribution path I digital movie distribution is that golden ticket. I admit I am behind the times on how I view movies and TV shows. I still like to kick back at home watching a DVD I rented from Netflix. But as an independent filmmaker I know I need digital movie distribution to connect with viewers. My business partner Tim Beachum only watches movies and TV shows on a computer or mobile device. That digital market of viewers continues to grow every day with each new mobile device. I have to grow with it our Slice Of Americana Films will go the way of the 8 track.

To meet the demand for digital entertainment Slice Of Americana Films started to explore digital movie distribution outlets for content we created to totally self-distribute on our own. One we found is Digital Product Delivery. A very simple and easy way to self-distribute content digitally and payment is made through your PayPal account. The sweet part is we use Digital Product Delivery to distribute our short content that has been edited and produced strictly to distribute to a global mobile audience.

Digital movie distribution is an exciting platform to deliver entertainment to viewers. It does favor independent filmmakers in my opinion compared to traditional distribution deals. It gives independent filmmakers more control over the distribution process of their work. It’s really hands on.

From my experience once you sign a traditional distribution deal you are removed from the process as a filmmaker. They have their own marketing teams and rarely invite the filmmaker to be involved. It sounds crazy, but it’s been true for me. Keep in mind this is framed totally from one independent filmmaker’s viewpoint. What excites me about digital movie distribution is reaching more viewers instantly. I received an email last week from someone who downloaded a short Slice Of Americana Films released called Club Universe featuring Supermodel Joanna Krupa. The viewer was located in Nagoya, Japan. That blew my mind as an independent filmmaker. This is Sid Kali typing FADE OUT.

A Culture of Innovation

A question which gets asked all the time is whether innovation should be part of everyone’s day job, or is it better handled by a central team? I can assure you, it is a question which will likely engender significant argument, because it is a question about whether the culture of an organisation is innovative or not.

Some argue that in a truly innovative organisation, there is a culture of support that ensures new things happen by themselves. In such organisations, the argument goes, you don’t need a central innovation team at all, because individual employees are empowered and motivated to make the kinds of changes an organisation needs to stay competitive.

To be honest with you, though, I have yet to see any organisation that has a culture that actually does this. Conversely, there are lots of organisations which ask their staff to be innovative and then put in processes and systems to help them make their dreams come alive.

Organisations who indicate they want an “innovation culture” quite often fail to take steps to turn their ideas into reality though. They believe that, somehow, if only they get more creative and motivated employees, they would get innovation for “free”.

One must remember that people have day jobs to which you are asking them to add innovation as an extra. It is extremely likely that given the choice of innovation or making sure they do the work for which they are actually paid, they will choose the latter.

This is one of the main issues you find in organisations, in fact. Managers expect innovation, and encourage it via employee engagement events, or internal suggestion boxes, or other devices which fail to provide any framework whatsoever for the new ideas to go forwards. Then, everyone wonders why their innovation efforts are failures.

A potential solution is to establish a central innovation team responsible for making new ideas go forward. Such an approach may not be suitable for all organisations, of course, because there can be substantial investments to make such a team effective. But one thing is very certain: the costs of not innovating at all are likely to be far higher than any up front investment in the first place.

Entrepreneur Characteristics You Should Possess to Start a Business.

It is not everyone who wants to be an entrepreneur. Many people are satisfied the way life goes on and are prepared to take things as they come. They don’t display any entrepreneur characteristics either. On the other hand there are others who are always enthusiastic, throbbing with ideas and continueosly on the look out for opportunities and ways and means of doing things different. In other words they display the typical entrepreneur characteristics that make them stand out from the rest.

Let us see what these characteristics are.

Self confidence plays a major role in whatever they do. They ooze with self confidence and inspire confidence among those who work with them. They are ready to take up any challenges and are confident that they will be successful. This is a characteristic absolutely necessary for an entrepreneur.

One of the major entrepreneur characteristics they display is the enthusiasm in whatever they do. They are very serious and passionate about whatever they undertake. An enthusiastic person can easily be identified from the rest for the energy and dedication he displays.

The leadership characteristics they display are outstanding. They are always in the forefront and are prepared to assume responsibilities and lead from the front. They have the ability to identify problems and sort out issues. They have a vision and pursue that vision relentlessly while inspiring others to do the same.

An entrepreneur trait that stands out prominently is self discipline. Until and unless an entrepreneur is disciplined he can never be successful. They motivate themselves to do the things they need to do while many fall by the wayside.

They display a sense of urgency when jobs have to done. There is no question of their postponing or delaying any job entrusted to them. They never procrastinate and are quick in completing tasks allotted to them.

They will not hesitate to take calculated risks. They will dare do things others will never do. They know that unless you take risks you will not outsmart your competitor. This entrepreneur characteristic is typical of entrepreneurs who have made a success of their business.

In whatever environment they are in, thinking big is their nature. They are never short of new ideas and are constantly thinking of expansion and implementing new processes and technologies.

One of the important entrepreneur characteristics is the desire to learn and keep up to date with the latest developments in technology. They constantly update their knowledge and are very knowledgeable about their business.

They display excellent time management skills which is very essential for an entrepreneur. An important aspect of time management is planning ahead. They have a schedule of the tasks and activities that are important. They plan and execute their work so skillfully and in time that they are seldom or never stressed.

One of the most courageous entrepreneur characteristics that has brought success to many is never to quit under any circumstances, come what may. Failure is not an option for them. They will remain motivated till success is achieved.

People who display the above entrepreneur characteristics have the potential of becoming successful entrepreneurs. If you think you possess most of these characteristics why not go ahead and become an entrepreneur.

Restaurant Franchise Opportunity – Best Entrepreneur Franchise Opportunity – Best Franchise Opportunity

Entrepreneur Franchise Opportunity – Best Franchise Opportunity Entrepreneurs are always searching for the best franchise opportunity. By default, many end up in the restaurant franchise opportunity business and usually regret their decision. Thinking they were engaging in an entrepreneur franchise opportunity, but it wasn’t the best franchise opportunity decision after all. There is hope for these entrepreneurs.

“Restaurant franchise opportunity businesses are just not a great place to start for any entrepreneur franchise opportunity and the reasons are simple.” Corelli notes that most entrepreneurs are trying to find an entrepreneur franchise opportunity for many reasons, but he states that most entrepreneur franchise opportunities don’t often return what they promise. Princeton Alum and business coach, Corelli, is currently working in NYS and encourages entrepreneurs from across the country to contact him to join him in his venture.

“If you fail, it’s because you didn’t have the right vehicle.” First, find a vehicle with not a lot of overhead or INVENTORY. This should not be something that you need to worry about. Choosing a service, rather than a product, makes this easier. The best entrepreneur franchise opportunity should allow you to build your business, rather than track inventory.

TIMING, TIMING, TIMING… we’ve all heard it, but how often has it been true? The right entrepreneur franchise opportunity coupled with perfect timing will create wealth for those involved. For instance, when telecommunications deregulated – fortunes were created by those with the vision to make it happen. The same is about to occur in the deregulated energy markets. This timing event is what Corelli calls – “a no-brainer” for any business person looking for an entrepreneur business opportunity.

Third, choose a product that is in demand. PRODUCT or service is key. Whatever you deliver to the end consumer must be of value and a lot of it. Choosing an entrepreneur franchise opportunity that offers something that everyone needs and already uses is important. People don’t like to change buying habits, so try something (like electricity) that they need already.

Fourth, what’s the ROI (Return on Investment). Entrepreneur franchise opportunity #1 and entrepreneur franchise opportunity #2 are not always created equal. You want to know how long it will take to earn back your investment. With a company like Ambit Energy, entrepreneurs are usually in profit their first week. That model is powerful. Corelli chose Ambit Energy as his revenue vehicle because is was a service that had to be used, there was nothing to sell, and most importantly it paid residual income – do the work once and get paid over and over again.

In summary, the best entrepreneur franchise opportunity will have little to no inventory. Must have perfect timing within the industry. The best entrepreneur franchise opportunity will have a service or product that is in demand. Finally, entrepreneurs should highly consider residual income franchise opportunities since doing the work once and continually getting paid makes more sense than getting paid only once.