Business in Scotland remain resilient

  

Business in Scotland remain resilient

An industry survey shows that Scottish business remain optimistic in the face of a fragile economy. This analysis was carried out by the Scottish Chambers of Commerce's Quarterly Economic Indicator. According to the study, optimism continued to improve during the third quarter of 2017.

The survey was conducted between August 21 and September 14 2017 to which 384 firms responded.
Optimism was higher year on year in certain industries, such as construction, financial and business services, manufacturing and tourism.
The survey, which is a collaboration with the Fraser of Allander Institute, shows that Scottish businesses “remain resilient” in the face of uncertainty. The study also shows a fragile Scottish economy that continues to grow at below trend levels.
Professor Graeme Roy, of the Institute, however, warned record high employment levels are also causing recruitment difficulties, dampened growth and increased costs.
In a foreword to the report, he said: “In such uncertain times, it is even more important that businesses focus on the long-term drivers of growth that they can control - including innovation, investing in productivity improvements, and developing the skills of their workforce.”
The weak pound's effect on foreign holidays lead to tourism being a leading performer over the third quarter of 2017. Meanwhile, retail and wholesale sector continued to decline, which caused alarm in the field. Sales revenue and cash flow continued to decline along with employment trends. Profitability and capacity also declined.
Despite an increase in customer numbers, SCC's quarterly economic indicator suggested tourism sales revenue fell across the board for the second consecutive quarter. Not only sales revenue fell across the board for the second consecutive quarter, but also investment and employment declined over the quarter.
Therefore, it's important to have a strong performance in the fourth quarter pre-Christmas period.
The construction sector also gave a poor performance, with optimism falling to its lowest level since the third quarter of 2014. However, in spite of the information gathered by the survey, a quarter of the construction firms who responded said they were hiring staff, although they continued to face recruitment difficulties.
Domestic orders and sales revenues were flat, while firms said their performance had been improved by strong export sales. The manufacturing sector, alternatively, reported booming optimism after a mixed year in 2016.
Anderson Strathern director Neil Amner, also chairman of the Scottish Chambers of Commerce Economic Advisory Group, said: “The results in our third quarterly economic indicator of 2017 point to a broadly positive picture for Scottish business.”
“However, the retail sector in particular continues to show decreasing sales, in addition to cashflow and profitability challenges.
“This continues on from our findings in the second quarter which highlighted persistent issues in the retail sector. Levels of inflation have continued to impact on real terms wage growth, which has maintained pressure on household budgets and translated into recurrent challenges for this sector.”
The report found “broad optimism” across Scottish business, especially in the financial and business services sector which displayed strong, positive results. Accordingly, sales and profitability were at their highest levels for several years.
Therefore, the survey is very optimistic, with third quarter optimism levels higher than figures recorded across Q3 2015 and Q3 2016.
Mr Amner added: “For many of our industries, recruitment difficulties continue to sit above the long term trend levels, exacerbated by the record high employment figures.”
“Concerns continue to be raised by our members when it comes to seasonal workers and the attractiveness of the UK to EEA migrants during the uncertainty surrounding the Brexit negotiation process.
“Furthermore, members in more traditional industries have highlighted issues in attracting younger workers.
“Businesses in sectors such as manufacturing must do more to re-imagine their workplaces to attract future talent, by focusing on increasing autonomy and flexibility in their working practices.”
He said that the political situation with Brexit, a general election and moves for a second Scottish independence referendum were creating “uncertainty.”
He added: "As we approach a general election, we expect the political parties to pledge targeted tax cuts, potentially including a temporary cut in VAT, in order to bolster consumer demand."
Scottish Chambers of Commerce (SCC) found profitability and cash flow continued to be “challenging” and pressure on prices was high.

 

Career Quotes

  

Career Quotes what biz

Do you need another job? Do you need a change in your career? If you need motivation to get the job you want, here are some motivational quotes to get you out of the rut.

“Choose a job you love, and you will never have to work a day in your life.” - Confucius
“It's not what you achieve, it's what you overcome. That's what defines your career.” - Carlton Fisk
“Work to become, not to acquire.” - Elbert Hubbard
“Find out what you like doing best and get someone to pay you for doing it.” - Katherine Whitehorn
“I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed.” - Michael Jordan
“If you want to achieve greatness, stop asking for permission.” - Unknown
“It does not matter how slowly you go as long as you do not stop.” - Confucius
“The most common way people give up their power is by thinking they don't have any.” - Alice Walker
“The truth is that our finest moments are most likely to occur when we are feeling deeply uncomfortable, unhappy, or unfulfilled. For it is only in such moments, propelled by our discomfort, that we are likely to step out of our ruts and start searching for different ways or truer answers.” - M. Scott Peck
“If you don't feel it, flee from it. Go where you are celebrated, not merely tolerated.” - Paul F. Davis
“Failure doesn't mean you are a failure it just means you haven't succeeded yet.” - Robert H. Schuller
“The best way to predict the future is to create it.” - Abraham Lincoln
“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.” - Thomas A. Edison
“I think everyone should experience defeat at least once during their career. You learn a lot from it.” - Lou Holtz
“I want to look back on my career and be proud of the work, and be proud that I tried everything.” - Jon Stewart
“Dreams are extremely important. You can't do it unless you imagine it.” - George Lucas
“If you can DREAM it, you can DO it.” - Walt Disney
“Desire! That's the one secret of every man's career. Not education. Not being born with hidden talents. Desire.” - Johnny Carson
“I cannot do everything, but I can do something. I must not fail to do the something that I can do.” - Helen Keller
“A mind troubled by doubt cannot focus on the course to victory.” - Arthur Golden
“Opportunities don't happen, you create them.” - Chris Grosser
“Start by doing what is necessary, then what is possible, and suddenly you are doing the impossible.” - Francis of Assisi
“It's not the days in your life, but the life in your days that counts.” - Brian White
“Success is how high you bounce when you hit bottom.” - General George Patton
“The only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle.” - Steve Jobs
“I was always looking outside myself for strength and confidence, but it comes from within. It is there all the time.‘ - Anna Freud
“Without leaps of imagination or dreaming, we lose the excitement of possibilities. Dreaming, after all is a form of planning.” - Gloria Steinem
“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.” - Mark Twain
“When you get into a tight place and everything goes against you until it seems that you cannot hold on for a minute longer, never give up them, for that is just the place and time when the tide will turn.” - Harriet Beecher Stowe
“I was once afraid of people saying, ‘Who does she think she is?‘ Now I have the courage to stand and say, ‘This is who I am.” - Oprah
“Anyone who has never made a mistake has never tried anything new.” - Albert Einstein
“Do not be too timid and squeamish about your actions. All life is an experiment.” - Ralph Waldo Emerson
“All you need in this life is ignorance and confidence, and then success is sure.” - Mark Twain

 

Resume Tips from Recruiters

  
cv resume biz
There are many ways to write a resume but nobody is really sure what a recruiter is looking for and a good resume is what sets you apart from the crowd. That's why you need to stand out, so you can be selected for an interview and eventually get the job you want. Here are some tips to help achieve that goal:
Although some people might tell you that you have to lie on your resume, that's not the best advice. First of all, if might get you a job that is just not right for you. You'll find yourself stressed out carrying tasks you are not qualified for. The other alternative is not that great. You might find yourself in a very awkward situation with the recruiter because they might see right through you on the interview and they will realise that you lied on your resume.
Polish your resume. You have to look after the small details because they might make you look bad. For instance, misspellings or grammatical errors might dissuade a recruiter from giving you a chance, no matter how qualified your resume says you are. They think that if you are not able to submit one resume, which is the presentation of your skills, in a neat way, then you are probably going to make sloppy mistakes on the job. You also have to pay close attention when you compose an email and in your cover letter.
Don't fuss about the objective. It has become common practice to include your ultimate career goal on your resume, but this might have nothing to do with the particular position you are applying for. You might want to give this space a better use than writing down your objective.
You might want to just list relevant experience. Remember that recruiters don't have much time to view all the CVs they get and they will probably just skim through yours. That is why it is important to only include relevant experience to the position you are applying for on your resume. Otherwise, they might be overwhelmed by all the information on your CV and ignore the relevant experience you've had. As to the relevant experience, education is not enough. Recruiters want to see you've had unpaid internships, work experience, or volunteer work on your resume.
Apart from your work experience and your education, recruiters also want to see your accomplishments and how you stood out in a particular task.
When it comes to accomplishments and strengths, you don't have to include your personal skills. Let the recruiter see that for himself/herself on the interview. Focus instead on your work experience, accomplishments, degrees earned, and contact information on your resume.
Regardless of how wonderful your resume is, you also need to submit a cover letter. The cover letter allows you to be more creative and let your personality shine through while you explain your experiences, education, and accomplishments and why they are relevant to the position you are applying for. You also have to take care of the details on your cover letter, avoiding the misspellings, grammar errors, untruths and other common mistakes that could make you like a less-than-ideal candidate.
Make sure you add the phone and email address you use most often, so you don't miss out on an opportunity by failing to respond to their invitation to an interview on time.
At the top of your CV, add a summary of your experience and include specific experience that is relevant to the job to which you are applying.
Hays, a leading British company providing recruitment and human resources services, also advises you to “work backwards from your most recent job and don't leave any gaps (if you travelled, say so); if you are a graduate without much experience, highlight the relevant skills that you gained in your course; list your highest qualifications by institution, course name and grade achieved; make sure to include any training courses or professional/industry standard qualifications; include any memberships to chartered institutes or relevant organisations.”
At the end of the resume, you should state that “references are available on request.” However, you don't actually have to include references at that stage, unless asked to do so.

 

Creative, Marketing and Digital salary survey

  

Digital salary survey

The Drum has published a survey that sheds light across salaries, bonuses, job satisfaction, job security and gender differences. The study has also found some distinct trends across our key specialisms.

The political turbulence that characterised last year - such as Brexit and the US - has had a minimal impact on recruitment and hiring. Although there was a small setback in the latter part of 2016, confidence in the UK economy has recovered.
There is a high demand for good people across all business types and specialisms, particularly in agencies and for those working in digital and creative. There appears to be a trend in which clients bring teams in-house as well as using agencies.
According to the Financial Times, UK Government's Strategy Unit has drafted a report which concluded that the creative industries in London are now more important than financial services to the economy. While there is more employment in the creative industries, it is decreasing in financial services.
All disciplines have seen pay rises, either by progression within the same company or by moving jobs. The highest pay rises were witnessed in planning & strategy (14 percent), account handling (38 percent) and tech/UX (37 percent). Every category received a pay rise over 10 percent above the national average of 3 percent.
The study found that the major reason for people wishing to leave their jobs limited career progression in their current role. The second one was remuneration.
The report forecasts a good future for tech companies related to software. Automation, programmatic, AI and continued integration are all areas that are expected to grow.
There is a high satisfaction across creative marketing and digital disciplines, with 70 percent being largely satisfied in their current role. Content, editorial and social report the highest satisfaction levels, followed by PR and marketing.
As to the benefits, “the need for a better work-life balance has become increasingly more desirable for all, with flexible working the most sought after benefit. This was favoured even over a bonus,” reported The Drum.
Those in the industry are also well-educated, with an average of 84 percent with a degree or Masters.
The industry with the highest budget is digital market. “33 percent of our survey working in digital marketing have a budget of £1m+” stated The Drum.
The survey was put together by Major Players, which used data collected from 3,200 respondents combined with savvy provided by industry experts.
Major players also found certain trends in the industry. For instance, there is a higher proportion of men in the industry at a 65/35 ratio. Also, 25 percent received a pay increase of more than 10 percent, about average across all areas. The study also shows that most 35 percent see their career progressing within a medium-sized agency.
The study also found that workers value flexible hours and a greater holiday allowance more than a bonus.
Another study by Morgan McKinely shows that 2016 was a great year of growth and opportunity for marketing professionals across financial services, technology and retail industries.
“Marketing is becoming a higher-priority on C-suite executives' growth plans, with team sizes increasing up to 50% and budgets becoming healthier. This stands in stark contrast with previous years and moves away from the trend of cost-cutting and redundancies,” it states.
“There is always an element of seasonality to marketing recruitment, with permanent hires being more prevalent in Q2 and Q3 following bonus season as well as in the lead up to appraisals and salary reviews in Q4, and contract hiring being busier in the first few months of the year, Q2 and Q3. In 2016, due to a lack of predictability in the economic climate there was an element of unpredictability in marketing recruitment trends, with August being the busiest it's been in a while.”
While traditional marketing, branding and event management have been slower areas of recruitment than content marketing and external communications in London. Given that we live in an information-driven society, content and communications have been at the forefront of marketing strategy. As a result, there has been a demand for skilled writers and communicators to lead organisations both digitally and off-line in their marketing communications strategies.
Content writing has been rebranded. What used to be an integral part of a marketer's responsibility is now seen as a job in its own right.

 

How to be a better team player at work

  

How to be a better team player at work

The best coworkers are those who share expertise, give constructive criticism or valuable feedback, or make a project succeed. That all looks good on paper, but in real life, it's not so easy to become the perfect coworker. Image from asana.com

Unfortunately, working well in a team heavily depends on your personality and this becomes particularly hard if you are introvert. When your job requires team work, your career success doesn't only depend on your skills, but also on your abilities as a team player because we all know there's no “I” in team.
Working too much and spending too much time around your colleagues doesn't guarantee success either. People who are stressed out and burnt out are more likely to perform worse on the job. In fact, research shoes that people who use all their days off are more likely to get raises down the line. Plus, you are not in most your sociable, affable behaviour when you are stressed out and worn out.
Although you might think that the best team players are the ones who work hard and are always there when you need, research shows that people who have many activities after work are the best team players. According to a 2015 paper in Business and Society looking at 347 workers at 80 companies in Canada and China, people who ranked higher in engagement with the community were those more likely to be trusted by their colleagues.
“Hiring managers often dismiss volunteer work and community involvement as irrelevant, or even a potential distraction,” stated Ilan Vertinsky, one of the paper's authors. “But really, people with busy evening and weekend schedules are exactly who should be getting hired.”
Don't let bullies get you down. Bullying is not a phenomenon restricted to schools. It also takes place in the workplace and more often than you might think. According to a 2015 survey from the staffing company Office Team, 1 in 3 employees reported being bullied at work. Out of those, 13 percent admitted this situation was the catalyst for their resignation, while 17 percent of them took no action after being bullied.
A 2015 study of 327 Spanish employees published in Anxiety, Stress and Coping: An International Journal showed that bullying in the workplace can cause a vicious cycle since people who get bullied are more likely to find themselves in the same situation in the future.
The way to end this vicious cycle is to confront your bullies and stand up to them. If you don't want confront them, you can simply report this person to hold the bully accountable. However, if someone is highly critical of your work, you can simply ask them what they would have done differently.
Being an endless source of opinions and perspectives can be important, it can also backfire and be bad for teams. Research suggests interfering with projects by pointing out what is wrong with them can frustrate its momentum. If everyone has an opinion on anything, nothing will get done.
So how can you be proactive yet supportive of your colleagues? It all comes down to the way you deliver your message. Research suggests that you need to provide about five times as much positive support for the ideas of others as you provide negative feedback.
Although it might be tricky and time consuming to provide positive feedback when you have a deadline to meet, it does mean that your colleagues will be more appreciative of your alternative plans, goals or benchmarks.
Some of us tend to listen to music on our way to work, but does everyone know that this music can affect your performance and work environment. According to a 2016 study of 266 adults in the Journal of Organisation Behaviour, cheerful music seems to improve people's moods, helping them to be more cooperative and efficient in decision-making.
Although gossip is frowned upon, research shows that some kinds of gossip can actually bring about numerous psychological benefits and can also help teams work better as a group.
This kind of gossip, however, has to be positive in order to have a good impact in the workplace. If you hear how someone got a promotion, it might help you learn from what they've done to make it so you can follow in their footsteps. Therefore, it helps to improve productivity at work.

 

Time Management Tips and Techniques

  

Time Management Tips and Techniques

Have you ever heard the phrase, “Don't work hard, work smart”? It might be simple but it's still true. You don't have to work endless hours to be productive. Staying busy or working hard doesn't necessarily mean that you are going to be more successful.

Just because you stay extra hours at work, it doesn't mean you are productive. In fact, the more hours you work, the more likely you are to be less productive because you are tired and your mind is worn out. Staying busy all the time can often lead to mindless “productivity”, which is a constant need to do something and the habit of wasting time on menial tasks.
“Work smarter, not harder” is an old adage that signals a simple way to go about work of any kind. Before you start working, you need to take a step back and organise yourself, considering what's the most efficient way to go about work. You need to simplify your tasks so you can accomplish them faster.
Here are some tips to help you manage your time:
First of all, you need to categorise each task and complete the most important and the most difficult ones first. Once you get those out of the way, it will be easier to focus on the other tasks as you won't have to stress out about being able to complete those and your mind is sharper in the first hours of work.
Once you've completed those tasks, you'll feel motivated to continue because you have already succeeded at finishing the essential.
You need to learn to say “no.” Although making various commitments can teach us how to juggle engagements and manage our time, it can also be a trap and you might end up caught up in too many engagements. You should only take on those commitments that you know you have time for and that are important to you.
Get enough sleep. Although you might value the extra time you get when you sleep less, the truth is that some people need to sleep at least 7 hours for their brains to function optimally. If you don't get enough sleep, that might affect your productivity later on.
Concentrate on the task at hand. Electronic devices can be very distracting, particularly when you need them to work. First of all, you might need to put your phone away as those Instagram notification can be very distracting. Try not to open any unnecessary browser windows and don't open Facebook under any circumstances. That's like falling into the rabbit hole. You might want to check one notification and then it drags you into everyone's news stories and memes that appear on your newsfeed.
If you can't focus when it's quiet, you might want to listen to classical music or something that is not too distracting. Immerse yourself in one task at a time and don't let anything else distract you.
If you want to be productive, you might want to wake up early and start working in the morning. We all know it's hard to wake up early when you don't really have to, it's much less stressful than procrastinating. Plus, you can always look forward to the end of the day when you can finally relax and reward yourself.
Don't let small obstacles hinder your progress. When you take on a big project, you might find some small details take up too much of your time. This unimportant details might stop your progress and get you stuck. When this happens, you need to focus on getting the bulk done and then revisiting these details you weren't happy about before.
Turn important tasks into a habit. If you do something hard every day, at some point it will come out naturally. It's like going to the gym. The first day might seem hard but once you create a habit, it comes naturally. If your job requires you to undertake a key task often, you might want to do it every day, so you don't dread the day you have to do it. Remember that “practice makes the master.”
Although taking a break while working can help you be more productive, it can also trap you in. If you need some leisure time or a breather while working, you have to time yourself so you don't find yourself spending too much time on Twitter or watching TV.
If you are working on your own, you should schedule your day and set a time for each task. That will make you more productive as you know you have a deadline to meet.

 

UK's Top Venture Capital Firms

  

balderton

Although Silicon Valley remains the triumphant in the world of venture capitalism, the UK doesn't follow far behind. Actually, Tech City reports that the UK attracts one third of all venture capital money available within Europe.

According to figures from London & Partners, UK tech companies made over £2.5 billion in 2015, which represents an increase of 70 percent from 2014 when they raised £1.4 billion.
If you are a startup, you might want to know who are these venture capital firms headquartered or based in the UK and how to make the most of them.
The first one is Balderton Capital. Founded in 2000 by Benchmark Capital Silicon Valley, Balderton became fully independent in 2007 as a UK firm investing in early-stage and internet startup companies that are mainly based in Europe. Balderton is famous for investing early on European entrepreneurs.
With most of the capital coming from university endowments, charitable foundations and pension funds, Balderton invests between £775,000 to £15 million each time and manages around £1.8 billion. Some of the most outstanding investments include Kobalt, Bebo, Citymapper, Wonga and Magic Pony.
They disclaim on their website that they support Europe's leading technology businesses. “Our focus is on early stage, European technology businesses, with ambitious founders and unique approaches. Belderton is the largest Europe focused venture fund, with funds totalling $2.3BN. We invest between $1M to $20M into companies with the potential to disrupt huge industries, and the ambition to scale globally.”
“We invest for the long term, with the ability to support our companies from start to exit.”
“Our partners are the founders, investors and board members of some of Europe's biggest technology companies. We have a team-oriented approach to building breakthrough technology companies. Balderton is an equal partnership. This means our entrepreneurs get the benefit of a team of experts, in addition to a community of over 150 founders.”
Scottish Equity Partners is another venture capital firm that has made over 150 investments with more than 110 exists ever since its foundation in 1991. With offices in London, Glasgow and Edinburgh, the firm invests companies in different fields such as energy, healthcare and technology. With over six funds under the management of 20 employees, the firm invests up to £20 million in high growth technology companies. Investments include Cyberhawk, SolarCentury and Skyscanner.
On their website, they state: “We are an independent owner-managed firm with 45 experienced professionals (...) Our team is knowledgeable, well-connected and experienced in supporting high growth companies across a range of technology sectors.”
“We forge constructive long-term relationships with the companies we back, providing continuity and building trust, supporting you from the start of your partnership with us all the way to exit.”
“We are approachable, enthusiastic and keen to work with the inspirational entrepreneurs behind Europe's most exciting high growth companies. We understand the challenges and opportunities involved in scaling a business and are skilled in helping to identify and to capitalise on future growth opportunities.”
DN Capital invests primarily during the growth stage from £214,000 to £13 million per company. The firm has professionals operating in the London, Menlo Park and Berlin offices, which invest in marketplaces, e-commerce, software, mobile apps and digital media sectors.
With 55 investments and 16 exits across eight countries, DN Capital specialises in assisting US companies to the European market. Important investments include Shazam, Hppm and Seedcamp.
Michael Bruce, the founder of Purplebricks.com, said: “DN Capital was a valuable company and share in that early vision to invest in scaling our disruptive business model across the UK.”
DN Capital managing partner Nenad Marovac also joined the Purplebricks board of directors. He said: “At DN Capital we are constantly looking to identify the next breakthrough UK technology companies. We believe that in Purplebricks.com we have found a game-changing proposition that will resonate deeply with UK property sellers and buyers.
“We are very impressed with what Michael and Kenny Bruce have built so far, and are looking forward to bringing our technology experience to help build a significant business.”
Another firm worth mentioning is Bridges Ventures. Founded in 2002, the London-based firm manages £600 million and aims to creating investment returns through social and environmental challenges. Bridges Ventures is focused on sustainable and impact investment strategy and for that it uses Sustainable Growth Funds, Property Funds and Social Sector Funds.

 

Inspirational Quotes for Entrepreneurs

  
Inspirational Business Quotes for Entrepreneurs
Whether you are just starting your business or you already got your business on the ground, having our business is hard work, so here are some quotes to keep your spirits high.
“Your reputation is more important than your paycheck, and your integrity is worth more than your career.” - Ryan Freitas, About.me co-founder
“Every time we launch a feature, people yell at us.” - Angelo Sotira, deviantART co-founder
“Be undeniably good. No marketing effort or social media buzzword can be a substitute for that.” - Anthony Volodkin, Hype Machine founder
“Money is like gasoline during a road trip. You don't want to run out of gas on your trip, but you're not doing a tour of gas stations.” - Tim O'Reilly, O'Reilly Media founder and CEO
“If you can't feed a team with two pizzas, it's too large.” —Jeff Bezos, Amazon founder and CEO
“Don't worry about people stealing your design work. Worry about the day they stop.” - Jeffrey Zeldman, A List Apart Publisher
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” —Steve Jobs, Apple Inc. co-founder, chairman and CEO
“Chase the vision, not the money, the money will end up following you.” —Tony Hsieh, Zappos CEO
“The value of an idea lies in the using of it.” - Thomas Edison, General Electric Co-founder
“Always look for the fool in the deal. If you don't find one, it's you.” - Mark Cuban, AXS TV chairman and entrepreneur
“It's not about ideas. It's about making ideas happen.” - Scott Belsky, Behance co-founder
“There's nothing wrong with staying small. You can do big things with a small team.” - Jason Fried, 37signals founder
“Get five or six of your smartest friends in a room and ask them to rate your idea.” - Mark Pincus, Zynga CEO
“Best startups generally come from somebody needing to scratch an itch.” -Michael Arrington, TechCrunch founder and co-editor
“If there's something you want to build, but the tech isn't there yet, just find the closest possible way to make it happen.” - Dennis Crowley, Foursquare co-founder
“Nothing works better than just improving your product.” - Joel Spolsky, Stack Overflow co-founder
“If you're interested in the living heart of what you do, focus on building things rather than talking about them.” - Ryan Freitas, About.me co-founder
“It's hard to do a really good job on anything you don't think about in the shower.” —Paul Graham, YCombinator co-founder
“If you're interested in the living heart of what you do, focus on building things rather than talking about them.” - Ryan Freitas, About.me co-founder
“Entrepreneur is someone who has a vision for something and a want to create.” - David Karp, Tumblr founder and CEO
“I don't think an economic slump will hurt good ideas.” - Rob Kalin, Etsy founder
“I doubt I'll ever go back to corporate work. Once you see the light, there is no turning back.” - Magnus Jepson, WooThemes co-founder
“Stay self-funded as long as possible.” —Garrett Camp, founder of Expa, Uber and StumbleUpon
“Timing, perseverance, and ten years of trying will eventually make you look like an overnight success.” - Biz Stone, Twitter co-founder
“When I'm old and dying, I plan to look back on my life and say ‘wow, that was an adventure,' not ‘wow, I sure felt safe.' " - Tom Preston-Werner, Github co-founder
“No more romanticizing about how cool it is to be an entrepreneur. It's a struggle to save your company's life – and your own skin – every day of the week.” - Spencer Fry, CarbonMade co-founder
“The secret to successful hiring is this: look for the people who want to change the world." - Marc Benioff, Salesforce CEO
“I knew that if I failed I wouldn't regret that, but I knew the one thing I might regret is not trying.” - Jeff Bezos, Amazon founder and CEO
“We've had three big ideas at Amazon that we've stuck with for 18 years, and they're the reason we're successful: Put the customer first. Invent. And be patient.” - Bezos
“If you double the number of experiments you do per year you're going to double your inventiveness.” – Bezos
“Life's too short to hang out with people who aren't resourceful.”
“A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.”
“One of the only ways to get out of a tight box is to invent your way out.”
“What we need to do is always lean into the future; when the world changes around you and when it changes against you – what used to be a tail wind is now a head wind – you have to lean into that and figure out what to do because complaining isn't a strategy.” - Bezos

 

Apple staff in Berlin coworking space

  

apple mindspace berlin

Despite being famously known for its corporate secrecy, Apple has set up a small steam in a coworking space in Berlin. The distinctively secretive iPhone developer has placed a small team into a property where Israeli coworking space provider Mindspace occupies a number of floors. Although neither Apple nor Mindspace confirmed the claims, they didn't deny them.

An Apple spokesperson stated: “Unfortunately, I cannot give you any information since we generally do not talk about single locations or teams nor about temporary office space we probably rent.”
The tech giant also has a discrete office around the corner in Gendarmenmarkt square, which was unveiled in May. When the office was identified, Mindspace tweeted: “Hi @Apple you could have avoided all the hassle of locating an office in Berlin. Next, just come to Mindspace.”
An off-the-record source told Business Insider: “It is only a small portion of the Gendarmenmarkt office (that has moved). So the rest (of the team) is still in the old office. For now, there are three employees. Two girls and the head of Apple Music (for Germany, Switzerland, Austria). They rented the suite office which is like a private open office for 10+ employees.”
An anonymous source told Business Insider that Apple strategically moved in on Here's talent as the mapping company was passed from Nokia to the German automotive group.
“It's a simple story: Here was in disarray after Microsoft's acquisition of Nokia,” said the source, who works in the Berlin tech scene. “Apple saw the opportunity and opened an office in Berlin, specifically to siphon Geo Information Systems (GIS) talent.”
The source added: “These people independently complained to me that Apple opened an office in Berlin specifically to cherrypick at Here.” This claim was backed up by another source in Berlin.
Here - which provides mapping data, software and services to the automotive, consumer and enterprise sector - was “bleeding talent” as Microsoft's deal with the German car consortium went through. “Things are getting a bit better now, but GIS talent is rare.”
A spokesperson from Here told BI: “Between the Microsoft deal and our acquisition by the German carmakers, the team grew by more than 100 people and our global sales grew significantly over the same time frame. the trend has continued. I state these facts since they contrast with the picture painted by your source.”
Mindspace offices have also been rented by other giants, including Samsung, Coca-Cola and Barclays.
While Apple has never confirmed the existence of any office in Berlin, it's believed that the company's work in the city is linked to the exceedingly secretive Apple Car project.
If there actually is an Apple Berlin office in Gerdarmenmarkt, it's meant to be hidden. Although there are no logos to be seen anywhere, the company has its name next to a tiny buzzer outside the building's main door.
A report from German publication Frankfurter Allgemeine said “Apple is running a secret laboratory for the development of an automobile and this in the middle of Berlin.”
According to the report, the laboratory housed 10 to 15 staff, who were engineers or had backgrounds in software, hardware and sales.
After examining LinkedIn, you can see Apple has 168 employees working the “Berlin area.” Out of these employees, many work in the Apple Store in Kurfürstendam but LinkedIn shows that Apple has dozens of engineers working in Berlin as well.
Apple has hired at least six employees from automotive mapping company Here - owned by Audi, BMW, and Daimler - for a Berlin-based Apple Maps team.
Although the giant has never admitted that it's working on an electric car, Apple has hired dozens of automotive experts from companies like Ford and Mercedes-Benz.
Apple's efforts to build a self-driving car are internally know as “Project Titan,” which has caused rumours and speculations for years. These speculations have evolved and Apple's focus is now believed to be on building autonomous software rather than an entire vehicle.
This is not the first time Apple recruits people with automotive engineering backgrounds. For instance, at some point, former Ford engineer Steve Zadesky helped build the iPhone. Johan Jungwirth, who was Mercedes Benz's R&D chief, also worked for Apple.
Mindspace writes on its website: "Our designed shared office space is at the epicentre of entrepreneurship and innovation. It provides an all-in-one office space solution for startups, entrepreneurs, accelerators, service providers, investors and VCs who are looking for the ultimate coworking environment in Berlin-Mitte."
Mindspace has another space around the corner on Krausenstraße - Apple's “secret” office - and it's going to open a new one in Kreuzberg at Skalitzer Straße.

 

China 21 percent tourism spend

  

Chinese Tourists

China's highly lucrative outbound tourism market has “great potential” for future growth, and this, in turn, has generated “tremendous business opportunities” for tourist destinations across the world, according to a new report carried out by the World Tourism Organisation, in conjunction with the Regional Program for Asia and the Pacific, in collaboration with the Program for Statistics, Trends and Policy.

The study, titled Penetrating the Chinese Outbound Tourism Market, demonstrates that China is now the world's largest source of outbound tourists. UNWTO's secretary-general Taleb Rifai explains this was in terms of both quantity of trips abroad and expenditure.
“China has become a key source market not only for many destinations in Asia and the Pacific but also for destinations in other regions of the world which see a steady influx and growing interest from Chinese tourists,” he said.
China became the world's top spender in international tourism in 2012 and since then, it has led global outbound travel. Tourism expenditure from China has grown exponentially over the years. Most dramatically, it went from $24 billion in 2006 (3 percent of the world's total) to $261 billion in 2016, which is 21 percent of the world's international tourism spending.
According to the latest issue of the UNWTO World Tourism Barometer, international tourism has grown on a global scale. Over 1,235 million international tourist arrivals were recorded globally in 2016, some 47 million more than in 2015, or an increase of 3.9 percent.
With 615 million arrivals in 2016 - half of the world's total - Europe is the most visited region worldwide. Europe is followed by Asia and the Pacific, which recorded 309 million arrivals or 25 percent.
The Americas welcomed 200 million international tourists (16 percent of the global figure). Meanwhile, Africa represents 5 percent of international arrivals and the Middle East received 4 percent.
According to the report, what sparked this growth in outbound travel began at the turn of the 21st century was a combination of “increasingly loosened policies, diversifying consumer demands and profound changes in the market.”
While the number of outbound tourists maintained double-digit percentage growth year on year from 2002 to 2013, the quantity of Chinese outbound tourists surpassed a record 100 million mark in 2014. Thanks to higher incomes, a massive population, rapid urbanisation and relaxation of restrictions on foreign travel, that year China overtook the USA as world's largest outbound travel market, both in terms of generated arrivals and total travel expenditure. Ever since, the country is the largest source of international tourism worldwide.
According to the report, it was China's millennial demographic the one that constitutes the majority of the country's outbound tourists. Millennials are also behind the development of the sophisticated Chinese free independent market, which is also known as FIT.
“The Chinese FIT market is extended to increasingly distant destinations. Tourists now are spread across South-East Asia, Africa, North and South America and even the Polar regions,” the study suggested. The bulk (85 percent) of Chinese outbound travel is to major city destinations, which receive almost a half of all Chinese travel in the respective country. Large cities are the best equipped to suit Chinese tourists' form of travel, which is package trips, including group tours with multiple destination stops.
The report also gives detailed recommendations on strategic planning and marketing approaches when entering the Chinese outbound tourism market.
It outlines how many destinations have “successfully expanded business into the Chinese market by developing a Chinese market-focused strategic plan and taking tailored marketing approaches to adapt to the characteristics of the Chinese market.”
US and Canadian companies are aware of the profitability of the young crowd and, thus, they are targeting students and providing tours of overseas schools during the months of July and August, when Chinese students take summer vacations.
Meanwhile, Japan has extended its multiple-entry visa for China's business, cultural and artistic visits from five to ten years and also simplified “the procedures of single-entry visas for undergraduate and postgraduate students studying in 75 colleges and universities directly under the Ministry of Education.”
The study forecasts that outbound tourism will continue to grow and destinations will continue to compete to attract Chinese tourists.

 

  
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