Business

Bob Parsons 16 Rules For Success

1. Get and stay out of your comfort zone.
I believe that not much happens of any significance when we’re in our comfort zone. I hear people say, “But I’m concerned about security.” My response to that is simple: “Security is for cadavers.”

2. Never give up.
Almost nothing works the first time it’s attempted. Just because what you’re doing does not seem to be working, doesn’t mean it won’t work. It just means that it might not work the way you’re doing it. If it was easy, everyone would be doing it, and you wouldn’t have an opportunity.

3. When you’re ready to quit, you’re closer than you think.
There’s an old Chinese saying that I just love, and I believe it is so true. It goes like this: “The temptation to quit will be greatest just before you are about to succeed.”

4. With regard to whatever worries you, not only accept the worst thing that could happen, but make it a point to quantify what the worst thing could be.
Very seldom will the worst consequence be anywhere near as bad as a cloud of “undefined consequences.” My father would tell me early on, when I was struggling and losing my shirt trying to get Parsons Technology going, “Well, Robert, if it doesn’t work, they can’t eat you.”

5. Focus on what you want to have happen.
Remember that old saying, “As you think, so shall you be.”

6. Take things a day at a time.
No matter how difficult your situation is, you can get through it if you don’t look too far into the future, and focus on the present moment. You can get through anything one day at a time.

7. Always be moving forward.
Never stop investing. Never stop improving. Never stop doing something new. The moment you stop improving your organization, it starts to die. Make it your goal to be better each and every day, in some small way. Remember the Japanese concept of Kaizen. Small daily improvements eventually result in huge advantages.

8. Be quick to decide.
Remember what General George S. Patton said: “A good plan violently executed today is far and away better than a perfect plan tomorrow.”

9. Measure everything of significance.
I swear this is true. Anything that is measured and watched, improves.

10. Anything that is not managed will deteriorate.
If you want to uncover problems you don’t know about, take a few moments and look closely at the areas you haven’t examined for a while. I guarantee you problems will be there.

11. Pay attention to your competitors, but pay more attention to what you’re doing.
When you look at your competitors, remember that everything looks perfect at a distance. Even the planet Earth, if you get far enough into space, looks like a peaceful place.

12. Never let anybody push you around.
In our society, with our laws and even playing field, you have just as much right to what you’re doing as anyone else, provided that what you’re doing is legal.

13. Never expect life to be fair.
Life isn’t fair. You make your own breaks. You’ll be doing good if the only meaning fair has to you, is something that you pay when you get on a bus (i.e., fare).

14. Solve your own problems.
You’ll find that by coming up with your own solutions, you’ll develop a competitive edge. Masura Ibuka, the co-founder of SONY, said it best: “You never succeed in technology, business, or anything by following the others.” There’s also an old Asian saying that I remind myself of frequently. It goes like this: “A wise man keeps his own counsel.”

15. Don’t take yourself too seriously.
Lighten up. Often, at least half of what we accomplish is due to luck. None of us are in control as much as we like to think we are.

16. There’s always a reason to smile.
Find it. After all, you’re really lucky just to be alive. Life is short. More and more, I agree with my little brother. He always reminds me: “We’re not here for a long time, we’re here for a good time!”

How Hospitality Companies are Using Social Media for Real Results

Here’s an excellent blog from Mashable.com. Some interesting ideas on how hotels, restaurants, airlines, anyone in the hospitality industry can take advantage of social media opportunities. Take a look and let us know how Orange could help:  http://mashable.com/2010/05/24/hospitality-social-media/

Use of Social Media By Small Businesses Doubles Since 2009

A new study shows social media use by small companies has doubled — and that more than half use it to attract new business. The study, called “The Small Business Success Index”, sponsored in part by Network Solutions reports that social media adoption by small businesses is up from 12% to 24% in the last year. The study found that nearly one in five small business owners are actively using social media in their business, mainly to identify and attract new customers.

Key social media usage highlights include:

  • 75% surveyed have a company page on a social networking site
  • 61% use social media for identifying and attracting new customers
  • 57% have built a network through a site like LinkedIn
  • 45% expect social media to be profitable in the next twelve months

Office 2010 Coming May 12. iPad Available April 3.

A couple of product launch news items for you…


Microsoft Office 2010 Available May 12

Business users will be able to get Office 2010 and SharePoint Server 2010: May 12. Consumers will have to wait until June to buy the product online and at retail, Microsoft officials said on March 5, via a post to the Microsoft Office 2010 Engineering blog. Microsoft also began offering users who are purchasing Office 2007 a free upgrade to Office 2010, as of today, March 5.


iPad Available April 3

Apple officially set the release date early Friday, after months of speculation about when the device would become available to the public.

Wi-Fi models will be available in the U.S. on April 3 and models with Wi-Fi and 3G will be available in late April.

Customers can pre-order any iPad, for a starting price of $499, from Apple’s online store beginning March 12, and an iBooks application for the iPad will be available as a free download on April 3, according to a company statement.

iTunes Passes the Ten Billion Mark

This past week iTunes reached a significant milestone: over ten billion songs downloaded. Started in 2003, this amazing amount of downloads pays tribute to not only a significant amount of revenue, but also to Apple’s extremely powerful presence in the music industry.

All-time-most-downloaded song? The hip hop group Black Eyed Peas take top honors with “I Gotta Feeling”. Their “Boom Boom Pow” is the third.

Most songs in the top 25 most downloaded? Lady Gaga with three singles: “Poker Face,” “Just Dance,” and “Bad Romance.”

Other artists in the top 10 include Jason Mraz, Flo Rida, Taylor Swift, Leona Lewis, and Ke$ha.

Who won iTunes’ contest to be the 10 Billionth person to download? Louie Sulcer of Woodstock, Ga. Sulcer purchased Johnny Cash’s “Guess Things Happen That Way,” and as a reward for downloading the 10 billionth song from iTunes, was given an iTunes gift certificate worth $10,000.

Just as significantly, iPhone apps are making their mark. Last week they passed the 3 billion mark. Pretty amazing given their relatively young existence.

Why You Should Start a Company in Chicago…

Go Chicago! Here’s an excerpt from a series fastcompany.com is running on entrepreneurial friendly cities across the country…

Chicago may lack the crackling energy of other startup hotspots like Seattle, Austin, Boston or Boulder, and its reputation for back-office, white-collar companies such as the former Andersen Consulting firm doesn’t help much. But Chicago is where many Internet mainstays were launched, from the jobs site CareerBuilder and travel service Orbitz to RSS technology innovators Feedburner (bought by Google in 2007) and the online audience measurement outfit comScore. One hot startup right now is the coupon site Groupon.

Health-care companies also have realized great potential in the area, led by Abbott Laboratories. And lest one forget, it was at nearby University of Illinois Urbana-Champaign where Marc Andreessen developed Mosaic, the Web browser that paved the way for the commercial Web. So there’s that.

These days Chicago’s startup culture is aimed at the steady and sure. As Matt McCall, a partner at New World Ventures and managing director at DFJ Portage, notes, Chicago is home to many of the largest companies in the country, including Accenture, Boeing, Integrys Energy, MillerCoors, McDonald’s, ACNielsen, Trans Union, and Fortune Brands. The list is long and comprehensive. For startups, it means a rich source of customers for products that fill a need or enhance their businesses.

McCall spoke with FastCompany.com about what makes Chicago’s startup scene so strong.

What makes Chicago a great place for startups?

Chicago has a mixture of a lot of very interesting things. I’ll start with the first, which is the customers are here. There are more Fortune 500s in this region than anywhere else in the U.S. And I’ve noticed this when I’m sitting in board meetings in San Francisco or New York or here. If you ever look at the sales pipeline, the Midwest is almost inevitably always the largest sales region because it’s a diverse economy and those companies tend to take care of their own here. So if you have a leading technology here, in almost every single situation, the top customers for those companies were all Midwest corporations. That’s the first thing I’d say.

The second is you’ve got more federal research dollars flowing into the universities here than any other region in the U.S. So if you just look at the federal funding–and this is just for Illinois, Michigan, Wisconsin, those three alone receive over $2 billion a year in U.S. federal funding. And it depends on the year, but they’re number three, four and five in the U.S. in research funding.

And the third is the connectivity, which is if you’ll look at a lot of successful companies in the valley, almost inevitably a huge percentage of them either went to school or grew up in the Midwest. And that’s ranging from [Oracle CEO] Larry Ellison growing up on the south side of Chicago to the YouTube guys.

So number four is you now have critical mass of what we call family trees where you’ve got entrepreneurs that are fourth generation entrepreneurs. They’re on their fourth business. As a result, they played at the big leagues. They’ve got a mafia of people that they can pull in to the companies. So when you go to recruit teams in certain spaces, you have the talent. Now, where are those spaces? I’ve always said we try to focus on areas where we are able to produce the number one or number two player in the U.S. or world out of our region and those areas would be interactive marketing, B2C, e-commerce, B2B, Internet enabled B2B, some enterprise software, medical devices and a host of other areas, everything from Archipelago to Think or Swim, OptionsXpress. You’ve got all kinds of talent, from writing the software platforms to actually creating exchanges.

Microsoft Outlook Gets LinkedIn Connector

Recently Microsoft announced they are going to make Outlook Social Connectors for LinkedIn, Facebook, and Myspace.

The LinkedIn Outlook Social Connector is now available for download: www.LinkedIn.com/outlook

Coming soon will be Facebook and Myspace which at this time are not available.

Confused About Google Voice?

If you are like many, new products and features can be confusing. However, at the very same time it can improve your lifestyle immensely. Here are videos on the top 10 features Google Voice has to offer and also a brief introduction.

What Is Google Voice?

Google Voice Features:

Voicemail Transcription

One Number

Personalized Greetings

International Calling

SMS To Email

Share Voicemails

Block Callers

Screen Callers

Mobile App

Conference Calls

Use Google Docs For Business or School

google-docs-filesIf you haven’t started using Google Docs as a substitute to Word or Excel, or at the very least start using it at minimalist level you are living under a rock. We have been using it for the past year and the improvements that have been made during that time period have been incredible.

One of the best features is the online collaboration. You can upload or create a document and share it with an individual or a team. Same goes for being paired up with an individual for a school project or a group project. You can even have chat sessions within the document. You will be able see the other person updating the document right before you very eyes.

As an added effort to boost their document system Google has added some key features. These are the main ones:

  • Upload any file
    Over the next couple of weeks, we’re rolling out the ability to upload, store, and share any file in Google Docs. Your files will be stored in their original format and downloadable from anywhere. Uploading files to the cloud allows them to be safely stored and accessible at all times.
  • Shared folders
    Now you can simultaneously share a group of docs with your friends, coworkers, or family, by sharing an entire folder with them.
  • Bulk upload
    Upload multiple files quickly to your Docs list.

You can go to: What’s New in Google Docs to read the rest of the feature list.

I recommend Google Docs for any business or student. Or at least give it a try. It won’t cost you a cent.

Warren Buffett’s 10 Rules for Getting Rich

  1. Dollar-SignReinvest your profits. “Even a small sum can turn into great wealth,” Schroeder writes, if you’re disciplined to not touch your profits. Let the power of compound interest work for you.
  2. Be willing to be different. Don’t follow the herd. Do what is best for you and your situation.
  3. Never suck your thumb. Ah, how I could learn from this one. Buffett makes decisions quickly based on the available information. I tend to sit and stew about things. Acting decisively can give you an advantage and prevent procrastination.
  4. Spell out the deal before you start. I stress this all the time: Don’t sign a contract unless you’ve read it (especially not a mortgage). Read the fine print. Understand the what you’re getting yourself into.
  5. Watch small expenses. While it’s true that the big things matter, the little things do too. Frugality is an important part of personal finance. But this principle also applies when investing, which is one reason I’m a fan of low-cost index funds.
  6. Limit what you borrow. “Living on credit cards and loans won’t make you rich,” writes Schroeder. Sure, leverage can get you into a home or a new car, but too much debt is one of the biggest drags on your financial well-being.
  7. Be persistent. If you know what you’re doing is important and right, stick to it. Doggedly pursue your goals. Learn to “fail forward”.
  8. Know when to quit. The other day, I wrote about the danger of the sunk-cost fallacy. Just because you’ve already paid $10 to see Indiana Jones and the Kingdom of the Crystal Skull, doesn’t mean you should sit through to the end. Be willing to cut your losses and walk away.
  9. Assess the risks. “Asking yourself ‘and then what?’ can help you see all of the possible consequences when you’re struggling to make a decision — and can guide you to the smartest choice.”
  10. Know what success really means. Success is different for each of us. Find what it is that brings meaning to your life, what makes each day important. Make this your focus. Buffett says: “When you get to my age, you’ll measure your success in life by how many of the people you want to have love you actually do love you. That’s the ultimate test of how you’ve lived your life.”