My favorite way to spend my "time within time" is by listening to podcasts. Whether I'm out on a walk or out for a drive, I love gaining insights from the minds of successful entrepreneurs, and I usually come up with a few ideas to try for myself. Whether they're about productivity hacks, building an email list, launching a product or selling a company, I've learned a lot from listening to the stories of others.
Here are my favorite podcasts to help you think like an entrepreneur:
There's nothing worse to imagine than sitting in a cash room counting, bundling, strapping and bagging hundreds of bills ad nauseum. Heaven forbid you lose count and have to start all over again. Robin Steinberg knows this pain intimately. As the Director of Business Development and Retail Solutions at CashTech Currency Inc., she spends her days helping retailers find better ways to manage their cash flow and she knows exactly what a bottle neck the current system creates.
"It's time consuming because they have to prepare that deposit: count it, bundle it, strap it, put it in a tamper-resistant bag, as well as reconcile the day's sales," she says.
However, with the help of a Smart Safe -- a computerized safe that's tied directly to your bank's network -- all of that becomes automated and no longer relies on human calculation. Plus, because of how reliable the system is, banks can now offer credit to retailers based on that retailer's own profits before the money is ever deposited into their bank account.
It might be a little early for the young Los Angeles entrepreneur to close the cardboard arcade in his father's autoshop in the Boyle Heights neighbourhood in East L.A., but after two years and thousands of customers, Caine's Arcade is calling it a day.
After all, he has come a long way from the day filmmaker Nirvan Mullick walked into his dad George's shop looking for a door handle for his '96 Corolla and came upon Caine's elaborate homemade cardboard arcade that had games that really worked.
"I asked him how much it was to play?" recalled Mullick in the award-winning short film he made that exposed the world to Caine's Arcade. "He said, 'For one dollar you get four turns, but for two dollars you get a fun pass."
Turned out, the five hundred-turn fun pass was the better deal by far, so Mullick went for it and soon vowed to get the then nine-year-old Caine more customers than he knew what to do with. The results can be found below in the just over ten-minute short film that sparked a movement:
By Mathew Schwartz
The rule in business is supposed to be, "The customer is always right." But when two different sets of customers are looking for mutually exclusive experiences, something's got to give.
In the case of Houston restaurant La Fisheria, a supposedly family-friendly establishment, that has meant instituting a ban on children under 9 after 7 p.m., so that customers looking for a meal that doesn't come with a free side order of unruly young'uns can eat in peace.
If you're like me, you sometimes have trouble remembering people's names, or even how you know them.
In ancient Rome, the job of the "nomenclator" was to whisper or announce the names of people as they approached a politician. My husband serves this function for me; he has an uncanny ability to recall names and faces--people he has met once, years ago, and also famous people. I really suffer when I got to social events without him.
So I've developed some strategies for coping with the fact that I'm not able to pull up a person's name. Of course, you can always just say politely, "I'm sorry, I don't recall your name," but if you'd rather try to disguise your forgetfulness a bit, give these a try:
On the ninth floor of New York City's luxury department store, Bergdorf Goodman, with a sweeping vista of Central Park, John Barrett Salon tends to the coiffures of women with money, or power, or both.
One of those women is Hillary Clinton, who was allegedly treated to a curtained-off area for her appointment a month ago, reports In Touch magazine. But that didn't stop a photo of the former Secretary of State from landing on the Internet, taken by an employee who was then promptly fired, the magazine claims.
"The salon prides itself on protecting its clients' privacy and had no choice but to let the person go," a source at the salon told the magazine. And Hilary Clinton's hair is practically a state secret, after all.
Zachary Anderson, the official spokesman for John Barrett, would neither confirm nor deny the firing, because "we don't comment on any of our clients' presence in the salon." In Touch's source is anonymous, and no news outlet has independently verified the report. AOL Jobs was also unable to locate the TwitPic of Clinton that supposedly resulted in a firing; there was no sign of the image when AOL Jobs searched Twitter.
But this purportedly indiscreet employee would be far from the first in recent years to lose a job for leaking details about a celebrity client:
The frost has finally had it for the season, which means it's time to open some windows and doors, and Clear Out The Clutter. The sentiment is pretty widely shared: spring cleaning (whether we do it, or just think that we should do it) is a culturally engrained thing.
As with most culturally engrained events though, there's a whole industry that exists in response, trying like mad to get you to part with some of your hard-earned dollars as part of the festivities. (Think storage tote sales.)
In and among the multitude of links to sell me something when I searched the phrase, "get organized," I found one article, thankfully, that had this very salient piece of advice:
"Hold off on container shopping... getting organized does not start out with a shopping trip."
WebMD, 10 Ways to Cut Clutter in Your Home. Retrieved May 7, 2013.
Even just getting started, though, can sometimes require professional help. Do you sometimes wonder where to start? You're not alone. Enter, the professional organizer.
"We started The Herjavec Group ten years ago with three guys and $400,000 in sales and we finished at $125 million last year and just today, we bought another one of our small competitors that does $30 million a year," he says.
With results like that, it's no wonder he was recently named Ernst & Young's 2012 Entrepreneur of the Year in the technology group and is always pushing the limits of his own success even further. He wants you to reach new heights of success this year too, which is why he wrote The Will to Win: Leading, Competing, Succeeding (HarperCollins Canada) a sequel of sorts to Driven.
While Driven urged readers to take risks, take control of their lives, and stay true to their own visions, The Will to Win pushes them to refuse to accept mediocrity, use their power at the right time and always be willing to adapt and change, with some special advice from Herjavec's celebrity friends like Oprah, Celine Dion and UFC Welterweight Champion Georges St. Pierre thrown in for good measure.
We caught up to this Ferrari racing, marathon running, cyber security expert just long enough for him to tell us whether he's truly afraid of anything, why it seems like sometimes his investment offers get passed over in favour of the bigger fish in the tank and whether The Millennial Generation needs to invent their own job.
Wait a minute, "Misclassified?" Yes. As Walletpop has covered before, Unless the interns in your office are part of an internship program from a high school, college or university and working for course credit, the following six conditions must all be met before they can legally work for free:
For his part, Labour Minister Yasir Naqvi agreed with the union writing to Huffington Post that "If you perform work for someone – unless you are self-employed, in a co-op placement, or a trainee – you are an employee covered under the Employment Standards Act and should be paid – it doesn't matter if you are called an 'intern' or not."
However, he did not make it clear whether he would address the existing double standard and close the legal loopholes that allow employers to break the law by relying heavily on unpaid or underpaid labour.
However, the exploitation of the youth labour force across North America goes way beyond just unpaid internships, even the people technically getting paid are working harder and longer, while getting paid less than any other previous generation.
According to a PWC 2012 Canadian Retail Survey, Canadian retailers are losing $10.8 million a day in retail losses.
So what makes up this loss in revenue? The number one culprit is theft by employees and paperwork errors.
So although it's not the consumers that are the problem, they may be suffering with small business having to pass on those costs.
With March designated as Fraud Prevention Month, there are ways to help reduce these costs - both as consumers and small business owners.