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The Difference Between Leadership and Management

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Many people confuse leadership and management. They might share some similarities, but they are two very different things and require different qualities for success.

Leadership is about getting others to want to follow your lead, while management is about ensuring that everyone does their job correctly.

Let’s discuss the differences between these two concepts in more detail and show you how you can become a more effective leader at work and in all aspects of your life.

What is management?

Simply put, management is about making sure that all your employees do their job correctly and on time. This includes all aspects of the job, from planning to organizing and executing a plan to managing employees as they work on tasks that need completing.

All these things are vital for an organization’s day-to-day running to move forward, get things done, and serve their customers.

What is leadership?

We can think of leadership generally as influencing people by providing direction, support, and motivation so that followers want to take action themselves without any coercion. Leadership is about inspiring others to want to follow your lead.

Leadership comes in many forms and can apply to all aspects of life, not just work. If you think about the great leaders in history, they were all charismatic, visionary people who mobilized others around a common problem.

And to a different degree, those are the same qualities that a leader in the workplace needs to show. They generate excitement for what needs doing or for shared goals and create an emotional connection with their followers to get them on board.

What are the differences between a manager and a leader?

You don’t have to be a manager of anything to be a leader. Management is about what you do; leading is who you are.

Here are some areas where we can see the differences between the two.

• Titles. Leaders may not always have formal authority over their subordinates, but they still possess influence through other means such as personal charisma. Management has a more hierarchical control structure, whereas leadership does not require one-on-one dependency for success.

Very often, you can see leaders who do not have a formal title but have earned the team’s respect. This is the case when you find a team member or a newcomer leading the rest, or even employees leading up and their bosses following.
And a leader might be a recognized authority on one topic but might follow another’s lead on another project.

• Direction. Leaders have a vision and assume responsibility for leading their team to achieve that vision. They provide a sense of direction, as well as support and motivation.
Managers are less focused on the remote future goals and more on the short-term daily tasks needed to run an organization.

Productivity. The productivity of an organization is fundamentally related to the quality and effectiveness of management (the planning, organizing, and executing of that plan).
In contrast, leadership does not necessarily have a direct, measurable correlation with productivity because they are not as involved in the daily tasks that each team member has to perform.

Motivation. By having a hierarchical relationship with the workers, managers motivate them through the traditional HR tools such as pay, promotion, and other rewards.
Leaders tend to be more focused on personal, internal motivation, often outside of the context of work.

For example, they can motivate followers to do something by providing meaning or purpose in life that isn’t related to completing tasks at work but instead focused on the satisfaction of helping build something bigger than themselves.

• Vision. Leaders have a vision and work to inspire others to follow them to carry out that vision with their support and guidance. Whereas managers are less focused on the remote future goals and more on the daily grind.

Growth. By being more task-focused, managers will want their employees to acquire and develop the skills they need to perform their job. Good leaders will focus on making their team grow, individually and as a group, so that everyone can develop their maximum potential. By developing their team, leaders are effectively shaping more future leaders, which means that the team will have more capacity in the future to do great things.

Do companies need both managers and leaders?

The short answer is yes. A company needs both managers and leaders to achieve success. To get things done and meet the immediate business needs, a manager is often required to use his hierarchical position to put pressure on employees and make them deliver.
But without leaders, it’s easy for employees to miss the big picture of where they fit in, making them get frustrated and lose motivation.

Without leaders, it’s also challenging to grow a business sustainably, as their vision can help both the company and its employees adapt to the changing circumstances and dream bigger in terms of their goals. It all comes down to balance – one cannot exist without the other because they work together by addressing both short-term needs (e.g., executing tasks) and, at the same time, long-term goals (e.g., creating meaning and driving the future).

It’s also essential that companies have a balance between managers and leaders at all levels of the organization so that they can maximize productivity and provide inspiration to all employees.

Here’s the trick, though. Although a leader doesn’t necessarily need to have a role that gives them a hierarchical position over the team, it can be the case that a manager is also a leader. That title is not given, it’s earned, but over time a good manager can earn the trust and respect of the employees. If they also have a vision and can inspire others to follow them, they have effectively become a leader.

This is what all organizations should aspire to, that every employee develops their leadership skills to their maximum potential.

Bugatti Divo Ends Production With Final One-Off Example Delivered To A Customer

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Bugatti has ended the production of the Divo with a one-off model that has been produced and is currently making its way to a loyal Bugatti customer somewhere in Europe.

Bugatti only planned to build 40 examples of the Divo, all of which were apparently sold before the reveal. None of the 40 examples are identical. Each $5.78 million car is a one-off production featuring unique paint, leatherwork and stitching, the color and materials of which having been specified by each unique customer. 

Finished in “Bugatti EB 110 LM Blue” with blue carbon fiber components, the Divo pays homage to Bugatti’s last official Le Mans factory race car and also acknowledges the contemporary efforts made by Bugatti.

The coupe sits atop contrasting matte gold metallic wheels. Inside, you’ll find a cabin predominantly focused on “French Racing Blue” and “Deep Blue” alongside matte gray carbon components, once more combing the past with the present.

Though uniquely themed, all Divos share their Chiron-based underpinnings, complete with a mind-warping 1,479 horsepower and 1,180 pound-feet of torque courtesy of Bugatti’s 8.0-liter W16 engine.

The Divo is slightly slower than the Chiron, limited to just 236 miles per hour, but improved aerodynamics, finessed handling and a lower curb weight imbue it with a maximum lateral acceleration of 1.6 G’s.

The figure for the final example wasn’t announced, but the hypercar starts at $5.4 million before customization costs.

Essential Time and Financial Management for Entrepreneurs

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Running a business as an entrepreneur is a lot like a juggling act. Business owners need to make several important decisions about their organization’s future while also taking care of other responsibilities such as accounts and emails. As a result, time management and financial management are two of the most crucial aspects of an entrepreneur’s role in any business. Here are some of the top tips on time as well as finance management for entrepreneurs in any business.

Managing the budget

Finance can be one of the greatest concerns for any entrepreneur. Whether the business is in startup phase or it has been up and running for a while, a budget is something that is absolutely essential to a business. This will not only help you keep a track of your expenses, but will also limit your expenditures and help in projecting the future growth. While this may seem too trivial, most entrepreneurs often delegate the task of managing the budget. This is something that needs to be avoided at all costs. Getting involved with the budget requirements of your business will make sure that you are informed about the expenses, and are able to limit expenditures in favor of future growth.

Creativity pays

Creativity certainly pays when it comes to managing your finances or even the time. Always look for easier and cheaper alternatives to expensive business processes such as market research. You can easily achieve this through a content on your website and on social media. You can also collect direct feedback from businesses and customers and work on your product. Websites such as Yelp can also play a huge role in these areas. Make sure that you spend only when it is absolutely required.

Outsourcing

When done correctly, outsourcing will not only save you money but will also help you save a lot of time. As a small business, you may not have enough resources in-house to spend on certain aspects of the business. However, it is very important to make sure that you choose the services carefully whenever you are outsourcing. Only outsource certain specialist or tasks relevant to projects that could be placed beyond the scope of the core competencies of your business. This could include areas such as graphic design, web development, accounting and so on. When it comes to the core aspects of your business, it is not advisable to look for outsourced solutions.

Make the most of new technology

One of the issues you may face when developing a new business is the fact that you may need to be away from your team most of the time trying to meet new investors to help your business grow. As a result, your job would require you to travel a lot and you could easily lose track of what is going on in your business. Thanks to the innovations in smartphones and Internet technology, you can stay connected with your team at all times. You can continue to be a part of regular team meetings using apps such as Skype and stay up-to-date with product development and other business documents through Dropbox. These tools allow you to access your presentations and other work related documents from anywhere and you can continue to work while you are away. Consequently, it is very important to leverage technology in all walks of life to save time as well as manage your finances well.

Daily list

As obvious as it may sound, there is nothing that beats the traditional daily list when it comes to saving time and money in business. Time and financial management are the two pillars that support almost every business and you will be short of both as entrepreneurs. It is easy to get frustrated as time runs out quickly and finance is equally hard to find. In such situations, prioritizing your tasks is something that can prove to be highly beneficial. Something as simple as a daily list can help you achieve this task. You don’t need complex computer programs or smartphone apps. All you need to do is wake up every day, make a list of the tasks that need to be done, and then list these tasks in an order of priority and you are all set to begin your day.

Delegation

When it comes to time management, you can do it with much ease when you have a team you can rely upon. However, the team will not work on its own and you need to delegate tasks effectively and make the best use of your staff. You should design this in such a manner that you are always free to concentrate on the core tasks of the business while your team will handle tasks such as selling your product, managing accounts, serving your clients and so on. This allows you to focus on tasks such as developing your business, reviewing your finances, implementing better business strategies and anything else that can help your business grow.

Another crucial aspect you need to consider when it comes to delegation is to make sure that all the tasks are performed on time and at high standards. Any delay or lack of quality can create setbacks that may be difficult to recover from. This can be bridged through establishing proper communication between you and your staff when delegating work.

‘Palace on Rails’ $350 Million Luxury G-Train Concept Unveiled

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French designer Thierry Gaugain plans to take the rail travel experience to a completely new level of luxury with his latest concept, a private luxury train made for one wealthy, owner.

The G-Train, billed as the world’s first private luxury locomotive, has 14 glass-enclosed cars that can digitally project a host of visuals. Plans for the 1,300-foot train include a primary suite at the front, followed by 18 guest rooms, a gym, spa, garden, dining car, and grand reception hall, with space for art exhibitions, live music, and movie screenings. 

Fold-down wings create alfresco terraces for social events, and Gaugain designed the caboose as a “toy chest” to store automobiles, motorcycles, and other off-rail vehicles. Should passengers want to go off in different directions, though, the G Train can also be split into two. At night, it will even give off an ethereal golden glow.

Gaugain sees the $350 million train as a way to relish the journey, not just the destination. “We tend to think about rail transportation only in terms of speed, moving lots of people from point A to point B in record time,” he told Robb Report. “But this 14-car train would belong to a single owner. It’s an alternative, very leisurely way to see the world, beyond the yacht and jet.”

As the train races along at 100 miles an hour, passengers can enjoy the surrounding landscape or, at the press of the button, the high-tech glass can change the view to one of more than a half-dozen “inner journeys.”

“It might be winter outside, but the owner can suddenly be surrounded by a beautiful summer’s day with flowers and meadows,” Gaugain said. “The train is essentially a stage that the owner can configure in many ways.” They can also shift to an opaque mode for privacy.

Gaugain—a partner of Philippe Starck’s known for designing iconic superyachts, like Steve Jobs’s 260-foot Venus, as well as luxury hotels, Ducati motorcycles, and high-end goods for Louis Vuitton, Nina Ricci, and Baccarat—has had a lifelong fascination with trains.

“There’s something fantastic about trains,” he told CNN Travel. “There are a lot of romantic ideas attached to them.” But, he insists, they’re not a relic from a bygone era. “Trains are meeting the present right now,” he said. “There is nothing more sustainable than trains when it comes to traveling objects. The plane is way behind, and other means are very energy-consuming.”

Once a buyer has been found, Gaugain expects it will take at least two and a half years to build his “palace on rails.” He’s already been in discussions with British engineering firm Eckersley O’Callaghan, Swiss train builder Stadler, and French glass manufacturer Saint-Gobain to determine if his vision for a real-life Snowpiercer could be a reality. “We had to ensure the feasibility of the project before we moved ahead,” he said.

Targeting ultra-high-net-worth individuals around the world, the locomotive has been designed to fit on railways across North America, as well as Europe and Asia—whisking passengers from Sarajevo to Shanghai. “This would be for an owner who is crazy, but in a good way,” he told Robb Report. “It allows greater access to many areas than a yacht, and would open a new chapter in the owner’s life. Really, it’s the consummate way to travel.”

How to Fight Through a Cash Flow Slump

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There will be times when your business does not make expected earnings, new products fail to get enough revenue for your business, or you have many invoices to settle. This can make any business owner anxious and the cash crises can cause a lot of stress to you while straining your company’s resources.

However, this is a phase that every business goes through and a cash flow slump is no reason to throw your hands in the air and shut shop. Even in these difficult and unstable economic times, you and your company can survive a cash flow slump with a little common sense, courage and resourcefulness. Here are some ways that other businesses have fought through the phases of low cash flows in their companies.

Open a line of credit

Getting a line of credit for your company when things are going well is one of the best decisions that you can make for your company. This will keep your company safe and cushioned and will allow you to run your business until things turn around. When your company is facing a cash flow slump, you can use this line of credit to pay employees regularly, clear all the bills and pay crucial vendors so that the core business of your company is not affected severely by the cash flow slump.

Open a line of credit when the cash flow to your business is good and the rate of interest on a line of credit is low. Also, a line of credit works almost as well as cash and helps prevent the disruption of the day-to-day running of your business. A line of credit works much better than credit cards as there are many contractors and vendors who do not accept credit cards.

It is quite easy for a small business to get a line of credit extended by banks and financial institutions and most often, there is no interest rate charged when no money is withdrawn. The maximum amount you will have to pay for maintaining a line of credit is a small unused line fee when you don’t use it.

Salary restructuring

Even when the company is facing a cash flow slump, you can keep the best employees in your company and keep the company profitable by restructuring the salaries of the employees. You can reduce the base pay and increase the variable or the bonus section of their salaries. This will not only prevent you from making huge pay cuts but will also motivate your employees to work harder for an attractive bonus. Employees will be motivated to achieve goals, decrease expenses and work more efficiently.

Re-connect with customers

Contrary to popular belief, one of the main reasons that customers shift to another brand is not because they don’t like the products anymore, but because they are getting better attention from the other brand. During a cash flow slump, your company needs to reconnect with all the customers who have felt ignored and moved on to competitors. This is sound advice even when cash flow is good because the customer is king and you need to keep your customer base satisfied. Bring back old customers with earnest marketing letters and persuasive offers. This is one of the ways you can see an almost immediate surge in cash flow and increase your customer base.

Slash unnecessary expenses

This is one of the best ways to avoid more cash from draining out of the company and for making the company more efficient. When times are good, most small businesses don’t worry about those few tens of dollars that they end up paying every month for software, subscriptions, online accounts, and so on. However, these small expenses can add up to a lot of money and can increase the burden significantly when there is a slump in cash flow.

To find out about all those small and unnecessary expenses that are going unnoticed, you will have to comb through all your bills, bank statements and credit card statements. Find out the expenses that your company can do without and eliminate them. Do away with services that you don’t need when your business is cash strapped.

Make customers pay up-front

Like many entrepreneurs, you may think that asking customers to pay up front may be considered impolite or even rude. However, in times of cash flow slumps, asking customers to pay up front will help improve the cash flow and generate enough capital to invest in and develop new products. However, you need to make sure that customers get what they expect once they have paid up-front so that you don’t face problems and lose customers over less than perfect products or services. This will ensure that there is no drop in orders and that the relationship with existing customers is not damaged.

Prepare to part with your compensation

Often times, at the beginning of the financial year, your company may have to pay for more employees and additional equipment due to ramp-ups and other factors. Such situations may cause temporary cash flow slumps as improvements can be costly, but necessary. This is when you, as the business owner and founder, must step in and be willing to part with your bonus or compensation to fight the cash flow slump. You rest assured that you would get more than what you gave up to save your company once it is clear of the cash flow slump.

How Top Leaders and Organizations Get Results by Building Trust

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Getting the right talent is one thing. Getting them to perform to the best of their abilities is something else. What makes it happen is not merely their remuneration, designation, or the enabling infrastructure. The trust that leadership places in employees get them to excel.

While trust has always been a crucial factor for productivity, employee engagement, and innovation, it has acquired greater significance during the pandemic. While improving productivity in the short term, remote work has also been stressful for workers, with many feeling alienated.

Their sense of belonging has been severely compromised by the isolation and the purely transactional nature of work as it happens during the pandemic. This isn’t good news for organizations. Burdened with an acute loss of work-life balance, employees are losing their sense of belonging to the company.

As Anthony Klotz of Texas A&M University warns us, “The Great Resignation is coming.”

What can stem the tide is an organizational outreach based on trust. Leaders now have the responsibility of proving to their employees and business partners that they trust them to handle their responsibilities. Here are six best practices that will help business leaders do that.

Be empathetic

The conventional approach to management is organization-centric which puts organizational objectives above the needs of employees. This decreases employee engagement and, eventually, productivity.

The solution to that is an employee-centric approach based on trust. For that, leaders must see things from the point of view of their team members. While everyone agrees that the past year and a half have been challenging, leaders shouldn’t assume – and proclaim – that everyone’s on the same boat.

That’s an insensitive and reductive assessment. Different people have different obstacles. Not everyone carries the same burden.

Get qualitative feedback

To build trust, you have to listen first because trust is an outcome of your ability to make the other person feel heard.

The feedback mechanism in organizations is usually designed to meet the larger objectives aligned with the company’s goals of growth, talent acquisition, and retention. A more meaningful approach to build trust should aim to understand the emotional state of the employees.

Leaders should also note that the hierarchical order of challenges could be different for C-Suite and others. What may seem trivial to management could be vital to the workforce. You will only find out those when you listen to your employees.

Use fair processes

One of the biggest reasons for the lack of trust is the perceived unfairness of management. Employees feel that no matter what they do, the actions of the leaders will be unfair, biased, and not meritocratic. This is how the brightest employees feel disillusioned and exit companies.

From reporting systems to project allotments to promotions to incentives, the processes should be demonstrably fair and based on merit. Beyond instituting the mechanism, management should be transparent about it. Lack of transparency, when combined with system-wide unfairness, is a potent combination to create employee disgruntlement.

Fairness has the added advantage of creating reciprocal trust in employees. Employees will feel motivated to work in systems that appreciate and reward talent without inherent prejudice.

Share the truth

Truth builds trust. Even when it’s difficult and frightening, employees would confront reality rather than take shelter in lies. Leaders need to acknowledge this.

Communication from leaders tends to be intentionally ambiguous or misleading to employees. The primary reason for that is the latent fear that the truth might be disconcerting to most people. Unfortunately, that’s an overly patronizing method that’s evidently counterproductive.

If the short term looks difficult, employees would be interested in knowing that. If there are headwinds, recognizing them in advance would help them prepare better. Hiding behind jargon is limiting and self-serving.

Being open can also make the management seem vulnerable and therefore, amiable. That will encourage employees to be candid in their feedback. Openness will reveal hidden inefficiencies and improve productivity. In the long term, it will also build a culture of credibility.

Be accountable

Management is often cited as a mechanism for sharing “convenient truths.” This means that whenever the results are suboptimal, information that places responsibilities on workers is more easily shared. In other words, credit for success often has limited takers but the blame for failures is widely distributed.

This exceedingly self-centered trait is common to the owner or founder-led companies and has grave consequences for productivity and innovation. It also signals to existing and future employees that the organization has no accountability.

Creating a culture of accountability begins at the level of management. Leaders who can admit to mistakes, whether it’s missed opportunities or inferior products, will gain respect from their employees. Instead of being a one-off event, it should be institutionalized for greater participation.

Don’t micromanage

The most insidious way to show your employees you don’t trust them is through micromanaging. This is particularly common and problematic when working either remotely or in a hybrid system. Micromanagers tend to be overactive when they can’t be physically around their employees.

Micromanaging will only lead to needless interruptions and subpar outcomes. Employees will be more interested in reducing interactions with their leaders rather than focusing on their projects. It will also lead to outcomes intended to please managers instead of productive contributions.

An effective way to build trust is to give the necessary freedom to employees. They should be given the flexibility to create solutions without constant supervision. Leaders need to concentrate on the outputs rather than be stringent about the processes employees use.

In short

Trust is another name for respect and empathy. It’s vital to a culture of employee engagement, productivity, and innovation. If business leaders want to build trust for better results, they should recognize the fact that the process starts with them. Importantly, they should also realize that trust has to be earned, through diligent and honest hard work.

The Worlds First Residential Superyacht

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The world’s first residential superyacht and soon to be the largest yacht in the world, at 728 feet, is underway in Norway. The enormous, 33,500-ton “yacht liner,” dubbed Somnio, will contain a collection of 39 luxury apartments with prices starting at $11.2 million.

“Somnio, meaning ‘to dream’ in Latin, will be the largest yacht in the world by length and volume and offer apartment owners the finest quality available at sea,” Captain Erik Bredhe, co-founder of Somnio, said in a statement. “We are really looking forward to seeing this beautiful yacht liner sail in 2024.”

 Residential Superyacht
Courtesy of Winch Design

The 728-foot-long superyacht has an estimated build cost of $600 million, according to a press release. The world’s current record holder yacht, Azzam, is just under 600 feet long.

Courtesy of Winch Design

The project is being led by Carl Le Souef, who is in charge of Somnio Global, which bills itself as a sustainable technology organization. Swedish design company Tillberg Design and London-based Winch Design worked together on creating the residences and amenity spaces.

Courtesy of Winch Design

The apartments, spread across six decks, will all have a kitchen, gym, library, and dining spaces both inside and outside on the terrace, per the press release.

Buyers are promised a shared wine cellar and tasting room with 10,000 bottles, as well as restaurants, bars, and a beach club with watersports.

Courtesy of Winch Design

Somnio will give buyers “the intimacy of a private yacht alongside the chance to network in a vibrant community of like-minded owners,” its investors said in the unveiling on Monday, per the Financial Times.

Courtesy of Winch Design

“World-class medical care will also be available onboard, providing apartment owners with the highest level of safety away from pandemics and other global risks,” a statement about Somnio’s unveiling said, cited by The Daily Mail.

The superyacht is already being built in Norway, and revenues from off-plan sales are helping to finance the rest of the construction, according to the FT.

Build a Business You Can Sell

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Business acquisitions are always in the headlines. Be it AT&T’s $85 billion acquisition of Time Warner in June 2018, WhatsApp’s acquisition by Facebook for US$19 billion, and Microsoft’s acquisition of social network, LinkedIn, for US$26.2 billion.

While many businesses may not fall in the same league as Time Warner, WhatsApp, or LinkedIn, they are useful to a large company by adding value to their existing portfolio or increasing their stock price. You can also build a business you can sell at a huge profit.

Why sell your business?

There are many reasons that you may want to sell your company. The main reason for many is to get more funding and liquidity in their business. You need to sell a part or your entire company to keep it running. Depending on the terms of sale, you can choose to forgo your rights or stay on as the driving force for the company.

Another reason to sell could be the risks involved. A small company with limited funds cannot invest as much and take high risks. For this, you need seasoned players who can lose a few million and still make it to the Fortune 500 list. Plus, after a certain period of growth, you may become conservative about the damage that can ensue and steer clear of risk. However, risks are necessary for a business to grow and you can consider selling it.

Running out of ideas? Then selling is the best option for a business. The value of a company decreases once growth stops. So it is better that the company change hands while it is still existing and churning out ideas.

Retirement is a significant reason many entrepreneurs sell their business. After spending decades building a company and nurturing it, they feel they’ve done enough and earned enough. They seek new ventures elsewhere or hang up their boots altogether by selling off their company.

Building to sell

Everyone, at some point, has an idea that they can sell. Most of the time it stays in the head, festers for a while, and then goes away because either the scale of their dreams is too large or their execution demands a lot of work. Whatever the reason be, taking an idea out of the head and putting it down on paper is the first step to creating something. Once you’ve created, it’s time to make it an irresistible sell.

Imagine your dreams of making money. You’ve built a company on a veritable idea that has slowly picked up and is now reaping profits. It’s time to start building to sell because at some point you may want to give it up and when that time comes your business should be ready to sell. How do you do that? Here are a few things to remember while creating a sellable company.

  1. The business should be independent of you. There are no buyers for a business model that is dependent on its owner. If you do not delegate tasks and do everything on your own, no one will be interested in buying your business. Your business should be able to hold on even when you are not around. Companies see what can be improved upon when they buy a business. In such cases, you appear more of a liability than an asset.
  2. It’s all about the money. Many buyers naturally look for profit. It’s not enough that your idea is great. There has to be substantial profit year after year for you to be able to sell the business. Your company is not the only one that’s in the market. Large companies search for several names and finalize one that stands out.
  3. Are you better than the competition? What makes your company better than your competitor? What are you offering that another company is not? There will always be duplicates selling the same products as you, pricing them just as much, and even naming them similar. Your best selling point is the company’s uniqueness and competitive edge.

Popular acquisitions

Many businesses have thrived after they merged with or were acquired by bigger companies.

Before HP acquired Compaq, its competition was Dell, which had monopolized the low-cost PC market. The acquisition helped Compaq and by 2006, HP was leading the PC market. Nokia’s dipping cellphone market was a result of the smartphone revolution started by Apple and Samsung. Microsoft acquired Nokia to use its expertise in marketing its Windows Phone platform. Nokia later acquired Alcatel-Lucent to grow its wireless technology and services platform. Microsoft acquired Skype for US$8.5 billion. Skype was a great addition to Windows operating systems that lacked interactive applications.

Small companies such as Topsy, C3 Technologies, Redmatica, and Camel Audio went under Apple’s wing and Where2, Outride, Fly Labs, Pixate, and others were bought by Google to create better products and services.

Not all acquisitions lead to profit. If not appropriately researched, an acquired business can cause more loss than profit to a larger organization. In such cases, the company may dissolve the smaller business or cease to use its services after that. Your goal while building a business is to ensure that it grows and adds value. Take your dreams further so that it creates recurring revenue for you even after you’ve let it go.

Jaw-Dropping $27.5M Malibu Beach House

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This Malibu Beach House, Marisol Modern Estate, features the best in scenery and luxury, from an infinity pool overlooking sweeping views of your private Pacific beach. Indoor and outdoor blend seamlessly in an open, airy house surrounded by water and trees.

Listed at $27,500,000, the 13,814 sqft private estate is situated on one acre of exquisite gardens, on an oceanfront and with 137’ of frontage on Malibu’s finest surf break, in MariSol Malibu. Only 25 minutes from the Camarillo Airport and a short drive from Santa Monica, MariSol is Malibu’s exclusive and exceptionally private 80 acres 17-home resort-style community.

The dramatic entrance to this home is flanked by tropical landscaping & art that reveals wide walls of glass, opening out to a stunning infinity pool and the dramatic Pacific Ocean coastal views.

Highlighting the main home’s living space are 7 bedrooms (including maid’s), 11 baths, an elevator-accessed 2,500+ sqft (decks included) master suite with his and her closets and baths.

Elsewhere in the main house are indoor/outdoor fully stocked bar plus keg beer, billiard room, exceptional 150” screen theatre, great room, saltwater coral aquarium, chef’s kitchen with separate prep kitchen, fully equipped gym and bath, an office, coffee and wet bar, roof-top putting green, outdoor cabanas, movie theater, massage and sun decks, above-bed in-ceiling theatre screen, your own private sandy beach, and for the most discerning owners, a panic room.

The house is fully furnished with Minotti’s finest and highlighted with exciting modern art. Surfaces are stone and hardwood from LA’s finest vendors. Appliances and TVs are top of the line. 

Fleetwood windows pocket, opening to grand patios and gardens. Sleeping spaces and closets are shaded (sunscreen and blackout) by Crestron. The home is state-of-the-art smart, and the a/v throughout is exceptional.

The grounds are equally extraordinary and include more than 100 rare specimen palms and exotic trees. Beachside is a 67’ zero and infinity-edge pool flanked by two bungalows with fireplaces and a spa overlooking the surf break. Adjacent is a 1,500 sqft stone deck furnished with teak chaises, umbrellas, and tables. 

A BBQ center is next to the dining pavilion, and an outside shower is located in a specimen palm garden. All this elevates above a 4,000 sqft private sand “beach” framed with palms, lush plantings, and lawn. Garaged parking is for 5 – there is parking space on-site for 6 more.

For $27.5 million, this stunning home combines the feel of the world’s finest luxury resorts with the most peaceful oceanside living Malibu has to offer right at your fingertips.

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Nas: Rapper, Investor, Tech Mogul

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Any hip-hop fan worth their salt is likely familiar with Nas’s music. The Queens native, born Nasir Jones, has been in the rap game for decades — producing timeless hits and selling millions of records.

From his debut album, Illmatic, touted one of the greatest hip-hop albums of all time, to his most recent (and Grammy award-winning) King’s Disease released just last year, someone with his track record obviously knows a thing or two about how to make it in the hip-hop world.

However, while he’s obviously famous for his music, what people might not know about Nas is that he’s also somewhat of a genius in the field of investing. The millionaire mogul was reported as saying he became interested in investing as far back as his high school days, and he’s brought that dream to life in a big way over the last decade.

What is Nas Tech Investments?

Get to know about Nas Tech Investments. From starting his own investment firm in 2014 to investing in billion-dollar companies, Nas has proven he knows his way around more than just the music industry.

In 2014, Nas and his co-founders established Queensbridge Venture Partners. Named for Nas’s childhood neighborhood, QVP invests in and helps raise funds for early-stage technology companies.

They “invest in companies that create products designed to harness the power of technology to enhance productivity, efficiency, and connectivity.” Their typical investment in a startup is between $100,000 and $500,000, and they’ve made over 100 investments to date.

Some of those investments have proven very successful. A few of them are listed here:

Ring

By now, everyone knows about Ring — the doorbell cameras that show their users who’s at the door through an app — but it took serious determination to finally bring the product to life. Before Ring found its footing, founder Jamie Siminoff was turned down by multiple investors and rejected the only offer he received while appearing on Shark Tank.

Just when it seemed like no one shared his vision, Nas, through QVP, was one of the first investors to believe in the product and agreed to join forces with the startup. Possibly due to good luck but more likely due to keen business sense, this investment is now paying off big time.

How big? In 2018, Ring was purchased by Amazon to the tune of $1.1 billion. For Nas, this meant a payout of around $40 million, just one of many smart investments made by the rapper/investment genius.

Coinbase

In yet another genius move, Nas decided it would be wise to invest in Coinbase (a now well-known cryptocurrency platform) way back before cryptocurrency was considered normal as the cash in people’s wallets.

As an early investor in yet another promising startup, QVP contributed an investment of between $100,000 and $500,000 (their typical investment amount). Coinbase is currently valued at over $100 billion. Again, Nas’s stake in this company is nothing to scoff at: a sizable sum of at least $40 million.

With the use of cryptocurrency only on the rise, it’s more than possible that number will only get higher as time goes on. Seems like a pattern might be emerging here?

Pill Pack

Pill Pack, a door-to-door prescription delivery service, is another of Nas’s early investments. Back in 2014 when Queensbridge Venture Partners were just getting started, the firm invested in PillPack and helped to raise $8.8 million in startup funds.

In 2018, despite being pursued by other well-known pharmacies such as Walgreens, CVS and Walmart, PillPack chose Amazon as their buyer. This transaction was worth $1 billion, leaving co-founders T.J Parker and Eliot Cohen to walk away with $100 million each.

The payout for Nas hasn’t been made public for this deal but considering the similarities of the other sales listed here, it was more than likely substantial. Now that PillPack belongs to Amazon it will likely continue to grow, which of course means the investor’s payouts will follow the same trend.

Robin Hood

Robin Hood is an app that allows its users to trade stocks without the usual associated commission fees. Their aim is to make stock trading available to a more diverse group of people, while in the past it’s been geared toward only those with access to more disposable funds.

Along with Nas and QVP, fellow rappers Snoop Dogg and Jay-Z, and actor Jared Leto have also invested in Robinhood, likely due to its inclusive nature. The recent rise in trading popularity makes this app a smart business decision for all its investors. They’re also contributing to a good cause by helping to make trading more widely available.

As of 2020, Robinhood’s net worth was around $11 billion — yet another investment that will likely payout on a grand scale when the time comes. Not only that, but its investors can feel good about helping others get ahead financially.

These are just a few of the investments Nas had made over the last several years; the list goes on much further from here. Thanks to his contributions to companies like Lyft, Dropbox and LANDR, his investments are paying off whichever way he looks.

Along with his investments, Nas also owns a chain of restaurants called Sweet Chick throughout New York and is part owner of record label and digital media company Mass Appeal.

It goes without saying that this man has learned the lesson of not putting all his eggs in one basket, and it’s paying off big time.

It’s becoming more and more popular for people to invest in their futures, from the average working family to the rich and famous alike. The average person might think that selling millions of records would be a satisfactory accomplishment, and while it surely is, Nas has even higher ambitions than his music.

While the rapper continues to produce hits and will probably do so for quite some time, his strategy for branching out has proven incredibly successful thus far. His intention of helping others succeed drives his motivation in a big way, and investing is one way he’s able to do just that.