Lately, a majority of the entrepreneurs have opted going back to school. This is in an attempt to venture into new businesses; to learn what they might be missing out or for better management of family businesses. With the high level of technology; there is need to ensure that you keep up with the progress to maintain the market and satisfy their needs accordingly.
Currents even successful business people with large enterprises are going back to acquire a master’s degree or Ph.D. in business management. Going to school molds you to an all rounded entrepreneur; making you more competent in the field. Jensen’s, a lecturer of entrepreneurship, says that the entrepreneurs come back to school with dots about the ideas of entrepreneurship and the professors join in the dots and complete the puzzle of their students.
Their many programmers that are being offered to entrepreneurs, different individuals will take on various programs depending on their area of specialization. These programs are very crucial, and the future of the business may solely depend on that knowledge. Recent research has shown that the failure of many companies would have been avoided if the entrepreneurs had gone to school prior to the opening of the business to learn the required skill to run their businesses.
One of the success entrepreneur, Campbell, saying that going to school greatly improved the profit margin of his business. This is as a result of getting acquainted with the accounting process, pricing, inventory process and international trade agreements. He says that the cost of his education is way below the added profits in his business.
Going back is, therefore, the new trend in the business world. It’s wise to get equipped with the right tools before you embark on your entrepreneurship journey. If you’ve already started on your journey, you can still spare a little time to go back and pick up what you may have missed for better results.
For the past decade one of the top tech companies in the world has been Netflix. While Netflix started as a company that shipped DVDs to people at a more affordable rate, they have continued to disrupt the entertainment industry. After putting traditional DVD rental businesses out of business, they now appear to having a big impact on the traditional home cable service providers. While they have had a negative impact on the traditional cable companies, they appear to be a big hit with investors as the stock for the company went up more than ten percent in value this week (http://variety.com/2017/digital/news/netflix-stock-all-time-high-cash-burn-strategy-1202498605/).
On Tuesday morning, investors in Netflix stock received some great news about the performance of the company. Netflix announced that they had added more than 5.3 million new users in the past quarter of 2017, which was almost twice what the market was expecting. This was just the latest example of growth in the company that has not been matched by any other providers in the country.
Overall, the company reported $2.79 billion in revenue in the quarter, which was just a little bit higher than the estimates. What was surprising to many people was that the company actually reported a smaller net profit of just 15 cents per share compared to Wall Street estimates of 16 cents per share.
While Netflix is clearly a leader in content providing and will continue to have an impact on the entertainment industry, the company does still have to deal with concerns over cash burn. The company has focused a lot on buying content over the past few years. While this has attracted a lot of customers to the service, it has led to a big cash drain. Cash flow was negative $920 million in 2015 and negative $1.7 billion in 2016.
Mike Baur is an investor and entrepreneur who is well recognized in Switzerland for the support that he has been offering to new ventures that deal with ICT. He formerly worked in the Swiss private banking industry for about twenty years, and therefore, he is well informed about the sector. UBS was the first company that hired him, and he served it as an intern. Baur is a hard working individual, and this enabled him to be offered an executive office at a top Swiss private bank. In 2014, he started pursuing his entrepreneurship career by investing in startups. Mike and his two colleagues teamed up and established the Swiss Startup Factory, which is a prosperous enterprise.
The primary driver of the Swiss Startup Factory is innovation. The company has managed to grow many ICT-based businesses from the time that it was established. All the funds that it uses in its operations are sourced from private investors. Mike has dedicated his career to offering tremendous motivational and financial support to startups. He is also appreciated for being one of the people who established the Swiss Startup Association. Baur is an alumnus of the University of Rochester, New York, and he holds an MBA from the institution.
The Swiss Startup Factory facilitates high potential startups to penetrate the market and be profitable. It advises the entrepreneurs about the corporate world and ensures that they are excellent administrators of their businesses. Mike has been accessing funds to support the undertakings of the company by partnering with various investors who would like to invest in emerging ICT companies. He has created and maintained contact with a network of business leaders and has been encouraging them to fund various startups.
The latest business leader that Mike has welcomed to the group of investors at the Swiss Startup Factory is Michael Hartweg. He will be serving as a mentor to various startups that he chooses to support. Mr. Hartweg will select any startup that he prefers to invest in and guide it to penetrate the markets and be profitable. The Swiss Startup Factory also works with many other investors from locally and internationally to support its undertakings.
Mike Baur currently heads all the activities of the enterprise. He has used great strategies to access funds that the company uses in running its business acceleration programs. The offices of his firm are located in Zurich. Baur understands the best business models that new enterprises can use for them to be successful.
Eric Pulier, the Co-Founder and CEO of the ServiceMesh, Inc. is an icon in the technology world. He started his programming career while in high school and to date has been developing software that has seen changes in many sectors of US from the medical world, education amongst other vital areas of life. He studied at Harvard University majoring in English and American literature, which made him an editor at The Harvard Crimson. In 1991, he established People Doing Things (PDT) a firm that dealt with using technology in health care and education. Later in 1994, he created interactive agency Digital Evolution and the Starbright World.
In 1997, Pulier having been chosen by the Presidential Inaugural Committee in the Presidential Technology Exhibition, showed his expertise in developing initiatives in health care and technology forums. He also featured in other initiatives like the Clinton Global Initiative. He has founded and co-founded other organizations like SOA Software, Desktone, US Media Interactive LLC, Akana and Media Platform.
His love for technology has seen him invited to various technology forums and conferences. He ranked as one of the 30 e-visionaries by VAR Business. In his charity work, Pulier was involved in Multiple Sclerosis Society by creating a platform that would address the condition. He also together with his team helped develop the first private social media network, Starbright World which would allow children with chronic illnesses connect online. He has served in other organizations which support vulnerable groups like the XPrize Foundation, Painted Turtle. He also created Starlight World, a game which would help children with diabetes get a clearer understanding of their condition.
vAtomic Systems, Pulier’s new venture has surprised the global market with how a minute macro element would have a great impact on the economy by digitizing commodities and transforming them into interactive digital experiences. Pulier believes in persistence, and that blockchain technology will change the nature of commerce.
Born in 1968 from Los Angeles, California, Eric Pulier is an established columnist, an entrepreneur, author, and a philanthropist. He has been a pillar in seeing small organizations in the media and technology industry grow tremendously.