Entrepreneur – Priscillas Friends http://priscillasfriends.org/ Thu, 24 Nov 2022 02:59:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://priscillasfriends.org/wp-content/uploads/2021/06/cropped-icon-32x32.png Entrepreneur – Priscillas Friends http://priscillasfriends.org/ 32 32 What Women Entrepreneurs Need to Succeed in Ontario https://priscillasfriends.org/what-women-entrepreneurs-need-to-succeed-in-ontario/ Thu, 24 Nov 2022 01:53:46 +0000 https://priscillasfriends.org/what-women-entrepreneurs-need-to-succeed-in-ontario/ BLOSSOM; The Prospering PARO Women Conference addresses barriers and enablers for women in business. THUNDER BAY, ON, November 23, 2022 /CNW/ – Enabled November 24ePARO Center for Women’s Enterprise welcomes BLOSSOM; Successful PARO Women conference, bringing together women in business to share lessons and successes that come with navigating the business world, post-COVID. The conference […]]]>

BLOSSOM; The Prospering PARO Women Conference addresses barriers and enablers for women in business.

THUNDER BAY, ON, November 23, 2022 /CNW/ – Enabled November 24ePARO Center for Women’s Enterprise welcomes BLOSSOM; Successful PARO Women conference, bringing together women in business to share lessons and successes that come with navigating the business world, post-COVID.

The conference covers a variety of topics relating to emerging entrepreneurs and growing professionals. THRIVE touches the needs of Indigenous women, Francophone women, 2SLGBTQQIA+ people, women who identify with a disability and new Canada.

Said Rosalind LockyerPARO CEO; “THRIVE is about giving women entrepreneurs the chance to meet face-to-face after the pandemic – a place where they can talk about triumphs and challenges, the obstacles they’ve faced and what they’ve learned.”

The conference also discusses how COVID-19 has disproportionately affected women-owned businesses in Ontario; data shows that women have taken on the majority of increased child and elder care responsibilities during the pandemic, and that female-dominated sectors, such as small business, retail, food and services, were the most vulnerable to economic losses from the pandemic.

keep on going Rosalind Lockyer; “Despite the challenges that have befallen women-owned businesses during the pandemic, the number of women-owned businesses is on the rise, and with the determination to break down the barriers that women have shown in business, we see nothing but a bright future.”

THRIVE features speeches from Cheekbone Beauty Founder, Jenn Harperand comedian, storyteller and mentor, Deborah Kimmet.

To learn more, visit www.paro.ca/thrive2022

SOURCE PARO Center for Women’s Enterprise

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View original content: http://www.newswire.ca/en/releases/archive/November2022/23/c0907.html

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7 winning traits of the 21st century entrepreneur: #5 Goal-oriented https://priscillasfriends.org/7-winning-traits-of-the-21st-century-entrepreneur-5-goal-oriented/ Thu, 17 Nov 2022 06:49:58 +0000 https://priscillasfriends.org/7-winning-traits-of-the-21st-century-entrepreneur-5-goal-oriented/ It’s Global Entrepreneurship Week and Channel Eye has teamed up with Royston Guest, Leading Business Growth Coach and CEO/Founder of Pathways Global, to focus on the seven winning traits of the 21st entrepreneur. century. Each day for the next week, we’ll be sharing each of the seven winning traits for being a successful entrepreneur in […]]]>

It’s Global Entrepreneurship Week and Channel Eye has teamed up with Royston Guest, Leading Business Growth Coach and CEO/Founder of Pathways Global, to focus on the seven winning traits of the 21st entrepreneur. century.

Each day for the next week, we’ll be sharing each of the seven winning traits for being a successful entrepreneur in the 21st century.


Day Five: #5 Goal Focused

Start with the end in mind. Dream BIG sets Big Hairy Audacious goals and takes massive action. Your goals are the roadmaps that guide you and show you what is possible and how to turn your definitions of success, your vision, and your goal into reality. If you want to be happy, set goals that command your thoughts, release your energy, and inspire your dreams.

Positivity is not about dreaming and then hoping for a result; it’s about dreaming, then making a plan, then working that plan to get to the dream. Translate your positive intentions into tangible results.

Have an attitude of ACTION.

Join us tomorrow for day six, where we’ll focus on the importance of being data-driven.

Global Entrepreneurship Week 2022 runs from Sunday November 13 to Saturday November 19, 2022.

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Bright days ahead for sweethearts, says Vizag-based entrepreneur https://priscillasfriends.org/bright-days-ahead-for-sweethearts-says-vizag-based-entrepreneur/ Sun, 13 Nov 2022 18:34:02 +0000 https://priscillasfriends.org/bright-days-ahead-for-sweethearts-says-vizag-based-entrepreneur/ Despite the growing health awareness, the business of candy manufacturers is also picking up with the introduction of more health-friendly products. In the current financial year, the confectionery industry is expected to record a record turnover of Rs 1.25 lakh crore in the country with the rapidly developing online retail concept. The industry which was […]]]>

Despite the growing health awareness, the business of candy manufacturers is also picking up with the introduction of more health-friendly products. In the current financial year, the confectionery industry is expected to record a record turnover of Rs 1.25 lakh crore in the country with the rapidly developing online retail concept.

The industry which was hit hard by the pandemic, when it suffered an estimated loss of Rs 35,000 crore in 2020-21, is recovering rapidly with the start of the festival season and the removal of restrictions imposed during the pandemic . The restrictions pegged total activity at around Rs 65 crore during the year. With an innovative approach and a commitment to focus on quality to satisfy customers’ taste buds for sweet cravings, Sarvani Sweets has become a household name in the city of destiny. It expanded to 11 outlets across the city from a small dairy unit in 1993. Today the company has over 500 employees with its own packaging, delivery and control mechanism of rigorous quality. NSR Prabhakar Varmamanager of Sarvani Sweets, an IIM-Vizag alumni told Bizz Buzz in an exclusive interview that their outlets are important landmarks and visitors from all over Vizag and neighboring districts return to sample the sweets every time they are passing through.

“Ours is the most trusted brand, touches the heart of every home in Vizag, and our traditional sweets play a vital role in every festive season and occasion,” he says.

What efforts have been made to make Sarvani Sweets a household name in Visakhapatnam and surrounding areas since you started a confectionary chain in 1996 after running a dairy joint in Seethammadhara?

What flourished as a single small outlet in 1993 in Seethammadhara of Vizag, outlets have now flourished in every nook and cranny of Visakhapatnam. Three generations of our family and team have ensured that the vision of our founder N Sathyanarayana Varma continues. A focus on service by providing a high quality experience is our founder’s vision. This must be reflected in all elements, from production to sales to after-sales service, which are maintained to high standards.

Our customers over the years have become our supporters and critics helping us improve the brand. Our delicious sweets are synonymous with authentic taste, standard quality, affordable prices and ISO certification. Our outlets delight the taste buds, soothe the senses and spread good cheer with their sweets and wedding gift wraps. We would like to say that many homes have helped us grow as a brand, not the other way around. We want to thank our customers, our team and our family for being where we are.

In a highly competitive industry, how could Sarvani Sweets expand its customer base to consume traditional sweets for all occasions? What is your USP?

“Service” and constant concern for improvement have been our “USP”. We attach the utmost importance to satisfying tastes and preferences. Service is part of the total product-to-purchase experience and we strive to excel across the full range of services. Specifically, we sought to bridge the gap between old and new, creating something fresh and exciting, fusing old-fashioned sweets drizzled with fun fresh flavors while keeping the Indian roots intact for that all generations can savor them together.

As we all know, sweets are an integral part of Indian culture and hold significant significance in our society for every occasion. Sarvani Sweets brings traditional Indian sweets to the market with a contemporary twist, which sets them apart from other sweets brands in the market. Ultimately, the innovative and traditional mix of deliciousness is the USP of the brand.

Late quality has become the hallmark of anyone’s survival in the candy business, with some compromising on quality to make a quick buck. How do you make sure to maintain the quality as well as the unique taste to ensure loyal customers?

We take the health and nutritional value of our products very seriously. Every time we introduce a new flavor or delicacy, food testing and quality control measures are performed with each batch of prepared items by closely following the same daily.

The quality is normal what we consider to be and below standard will not come to the foray. We ensure quality through a Quality Control (QC) team, a production manager and a trained administrative team. We followed a defined process behind the scenes to ensure the proper delivery of the service. For us, Innovation is a challenge; we love to create treats with unique flavors and textures to pamper the palettes for all age groups.

In an age of disruptive technologies, lifestyle-related illnesses, and growing awareness of the health paradigm at all sizes, what are your focus areas? Have you introduced any products specifically for people with diabetes and those who don’t want to reduce calorie intake?

We have taken a number of steps to adapt our customers to the new normal, we have introduced a range of major alternative products and also reduced portion sizes. As it helps with moderation for our customers.

What type of sweets do you find in the premium and most sought-after segment?

We find the dried fruit product in high demand in the premium segment and have continued to expand our range in these products.

Candies usually have a specific shelf life. What do you do with those sweets or baked goods after the shelf life?

We place orders daily. We often produce less quantity than the perceived requirement ensuring that all products are consumed before the particular time or expiration. If we have leftovers, we simply mark them by weight and throw them away from our workshop.

Do you have in-house training as the availability of skilled labor in the confectionery industry is a big issue? How do you meet your needs as it is a labor intensive industry.

We have a full-time trainer available in-house with bespoke training materials.

You’ve introduced corporate gifts and personalized gifts with seasonal greetings as well as candy boxes containing photos and useful information about heritage buildings in the city. What is the response from the corporate sector?

Very warm welcome to all business customers, we also have requests from individuals for personalized boxes. We also advise our customers to request these boxes two to three months in advance.

Do you have a mechanism to act on customer suggestions/complaints?

We are available on channels such as social media, Google and direct contact.

What is your turnover and your projections for the next few years? Do you plan to open new outlets and expand to other cities like other well-known confectioners?

Sarvani Sweets is for everyone to love and cherish.

We ship to all over India and internationally. In the next five years, we will broaden our horizon by opening more outlets within a radius of 200 km

by Vizag.

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Barker Welfare Foundation donates chamber membership to local entrepreneur https://priscillasfriends.org/barker-welfare-foundation-donates-chamber-membership-to-local-entrepreneur/ Thu, 10 Nov 2022 06:29:35 +0000 https://priscillasfriends.org/barker-welfare-foundation-donates-chamber-membership-to-local-entrepreneur/ As part of its investment in the Michigan City Chamber of Commerce, the Barker Welfare Foundation recently offered a one-year chamber membership to Chef Quayla of Predictable Foodz. At a recent gathering of friends at the Barker Mansion, Chef Quayla prepared a lunch with a variety of sandwiches, sides and desserts. Susan DeMaio, Executive Director […]]]>

As part of its investment in the Michigan City Chamber of Commerce, the Barker Welfare Foundation recently offered a one-year chamber membership to Chef Quayla of Predictable Foodz.

At a recent gathering of friends at the Barker Mansion, Chef Quayla prepared a lunch with a variety of sandwiches, sides and desserts. Susan DeMaio, Executive Director of the Barker Welfare Foundation was on hand and presented a classic Quayla membership package shortly after lunch was over.

Predictable Foodz was founded and created in Michigan City, IN by Chef Quayla. They are a mobile hospitality company that specializes in providing a gourmet touch to all of their services. Founded in 2019, after hosting a family member’s graduation party, Chef Quayla knew cooking was something she loved to do and was a skill she was ancestrally blessed with. “I’m so excited to join the chamber; I have been a member for years now. I am so grateful to The Barker Mansion and The Barker Welfare Foundation for providing this incredible gift to a woman-owned small business; I was literally moved to tears,” said Chef Quayla, owner of Predictable Foodz.

The donation of a membership program is a new initiative that the chamber launched earlier this year. Top chamber investors have the option of selecting a local minority, female, or veteran-owned business and providing them with a one-year chamber membership. For small businesses, this is an opportunity for them to connect with existing members, businesses and chamber organizations. The chamber believes in fostering an inclusive business environment to promote a thriving community. “We are thrilled to be part of this chamber program and to make this investment in a woman-owned, minority-owned business,” said Michele Gustin, Barker Mansion’s Programs and Operations Manager. Barker Welfare Foundation Executive Director and Barker Mansion General Manager Susan DeMaio added, “Predictable Foodz is destined to be a strong business in Michigan City’s future and we are proud to be a part of its growth.

The Michigan City Chamber of Commerce serves as a resource for its members, businesses and the community to promote economic growth in the Michigan City area. To learn more about donating a membership program or about any of the chamber’s member companies and organizations, please visit www.MichiganCityChamber.com. For questions regarding membership, please call the chamber office at 219-874-6221 or email info@mcachamber.com.

The Barker Welfare Foundation makes grants to qualified charitable organizations whose initiatives improve the quality of life, with an emphasis on strengthening youth and families and to reflect the philosophy of Catherine B. Hickox, the founder. For more information about the foundation, visit www.barkerwelfare.org and for more information about the Barker Mansion, visit www.barkermansion.org

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“You are never too old to be an entrepreneur.” How one woman built a cupcake empire. https://priscillasfriends.org/you-are-never-too-old-to-be-an-entrepreneur-how-one-woman-built-a-cupcake-empire/ Mon, 07 Nov 2022 10:00:00 +0000 https://priscillasfriends.org/you-are-never-too-old-to-be-an-entrepreneur-how-one-woman-built-a-cupcake-empire/ By Randi Mazella Serial entrepreneur Candace Nelson shares the secret behind her cupcake empire, Sprinkles, and why she decided to start all over again This article is reproduced with permission from NextAvenue.org. Candace Nelson, 48, never thought she would be able to turn her hobby into a profitable business. But the founder of national cupcake […]]]>

By Randi Mazella

Serial entrepreneur Candace Nelson shares the secret behind her cupcake empire, Sprinkles, and why she decided to start all over again

This article is reproduced with permission from NextAvenue.org.

Candace Nelson, 48, never thought she would be able to turn her hobby into a profitable business. But the founder of national cupcake store chain Sprinkles did that — and more.

In his new book, “Sweet Success: A Simple Recipe to Turn Your Passion into Profit,” Nelson shares his experience as a serial entrepreneur and offers advice for people considering starting their own business.

Nelson herself never thought of baking as a career until she lost her job in finance.

“I was working in Silicon Valley when the internet industry went bankrupt and I found myself unemployed,” she explains. “I had no idea where my career was going. I was upset and depressed.”

She remembers going from working 16 hours a day to spending afternoons lying on the couch watching TV and cooking during the day. “I leaned into baking because it was a hobby that always brought me a lot of comfort,” Nelson explains.

Back then, in 2000, there were fewer places to find business inspiration. “There was no social media or podcasts to listen to for business advice or to teach entrepreneurial skills,” Nelson explains. “TV shows like ‘Shark Tank’ didn’t exist.”

But there was Oprah and Martha Stewart. “I saw women coming on the Oprah show who had overcome so much to start their own businesses,” Nelson recalled. “Their stories have inspired me.”

Don’t Miss: If You’re Over 50, Now May Be The Best Time To Start A Business

The little cupcake that could

Nelson started baking cakes in her kitchen and selling them at her house. She quickly realized that racketeering cakes would be a tough way to make a living, because pastries — even those with a high frosting-to-cake ratio — are a treat, not a staple.

“People buy cakes for special occasions, not every day,” she says. “It’s hard to be profitable when you’re not selling something that people need on a regular basis.”

For Nelson’s good fortune, she became a cupcake seller just as a trend The New York Times dubbed “cupcake chic” made it profitable to peddle fancy versions of the childhood favorite.

“Cupcakes have always been a dessert for kids’ birthday parties,” Nelson explains. “But when I got married in 2001, elaborate cupcake towers became fashionable as an alternative to the traditional wedding cake. I thought there might be a way to market this trend in a less formal way.”

Keep the faith

However, having an idea you are truly passionate about is only the first step in starting a business. Nelson’s next hurdle was to make others as enthusiastic about cupcakes as she was.

“Friends of mine who worked in fashion and music wanted to support me,” says Nelson, who splits his time between Los Angeles and Sun Valley, Idaho. “They would invite me to their parties and pressure me to bring my cupcakes.”

But their encouragement backfired.

“It was really brutal at first,” Nelson recalled. “Other guests would come up to me and say, ‘So what are you doing in the entertainment industry?’ I should explain that I was not in this business, that I was baking the cupcakes. They went away completely disinterested. I had a lot of humiliating moments and a lot of rejection. It was humiliating.

Instead of giving up, Nelson took it in a new direction. “I always believed I had a good idea,” she says. “I just needed to find another way to market my product.”

Also on MarketWatch: Are you leaning? Maybe not. Women leaders are worst off when it comes to retirement savings

Create a brand

On April 13, 2005, Nelson and her husband Charles opened Sprinkles Cupcakes, a cupcake-only bakery in Beverly Hills, California. Nelson acknowledges that some skeptics thought starting a cupcake business would be difficult when it seemed like everyone was on a low-carb diet. But she was not discouraged.

“My goal was to create a product so delicious it was worth it,” she says, “If you’re eating dessert, you shouldn’t be disappointed with the taste.”

Beyond making delicious cupcakes, Nelson was determined to create a tasteful brand. “Cupcakes were seen as cute, childish and feminine,” she says. “I didn’t want that for Sprinkles. No pink logo or lace doilies. Instead, we chose an artsy, playful, gender-neutral aesthetic.”

Nelson jokes that she was an influencer before there was a name for it. She came out of the kitchen to star on camera as a judge on Netflix’s (NFLX) “Sugar Rush” and Food Network’s “Cupcake Wars.” She also served as executive producer on both shows.

“Your personal and professional personalities should align,” Nelson says. “Customers want to know who they’re buying from; they want to know you. And in a world full of mistrust, being authentic and trustworthy makes customers want to be loyal to you and the brands you stand for.”

See also: Business grants are hard to get, but not impossible: Here are some tips on how to get one.

Tips for home bakers

“Cook from scratch,” Nelson says. “Canned mixes are convenient and guarantee success every time. But canned mixes are loaded with preservatives. It’s easier and tastier to cook with real ingredients.”

Her second big tip is to use an ice cream scoop to scoop cupcake batter into muffin tins. She explains, “The simple spring-loaded scoop ensures that every cupcake is the same size and bakes evenly.”

“Sometimes people look at a successful business and think it was easy to do,” Nelson says. “It takes work to build a brand. It’s hard and, at times, very lonely. There are a lot of challenges and moments of doubt.”

She adds that it’s important to be prepared for setbacks and disappointments when you’re growing a business. “You can’t avoid it and you have to know that,” she says.

“Even when Sprinkles took off and became successful, there were still times when I would read a bad Yelp (YELP) review and feel personally attacked,” she recalls. “You have to reframe the criticism and be like, ‘At least I’m in the game.'”

Along with the sweet cream butter and pure vanilla Nielsen-Massey Madagascar Bourbon, Nelson believes enthusiasm has been key to his success.

“Enthusiasm helps your mission,” she explains. “Not only do you need to be excited about your product, but you want to surround yourself with people like employees and suppliers who feel the same way. That energy helps you pull yourself together when you face challenges and obstacles.”

Read: The inspiring stories of 3 entrepreneurs who started their business after 50 years

Next stop: the pizzas

“You’re never too old to be an entrepreneur,” Nelson says. “I have a lot of friends who are empty nests and I think it’s a great time for them to start a business. They have the financial resources, the time and the energy to be successful.”

Nelson follows his own advice. After selling her majority stake in the Sprinkles brand in 2014, she took some time off to focus on her family. While she had no idea of ​​getting back into the food business, she ended up doing just that, co-founding a Neo-Neapolitan pizzeria chain called Pizzana.

“Having run a business before,” she says, “I’m excited to do it again and bring what I learned from my first business to this next business.”

Randi Mazzella is a freelance writer specializing in a wide range of topics from parenthood to pop culture to life after 50. She is a mother of three and lives in New Jersey with her husband and teenage son. Learn more about his work at randimazzella.com.

This article is reproduced with permission from NextAvenue.org, (c) 2022 Twin Cities Public Television, Inc. All rights reserved.

More from Next Avenue:

 

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Entrepreneur creates £1,000 a pair designer trainers for racehorses | World | New https://priscillasfriends.org/entrepreneur-creates-1000-a-pair-designer-trainers-for-racehorses-world-new/ Fri, 04 Nov 2022 10:22:00 +0000 https://priscillasfriends.org/entrepreneur-creates-1000-a-pair-designer-trainers-for-racehorses-world-new/ An entrepreneur shoe designer could make a fortune after creating designer sneakers for racehorses. American Marcus Floyd, 39, created Horse Kicks in conjunction with Lexington, Kentucky tourism agency VisitLex ahead of this weekend’s Breeder’s Cup horse race to be held November 4-5. But far from being a PR stunt, these trainers are seriously hot to […]]]>

An entrepreneur shoe designer could make a fortune after creating designer sneakers for racehorses.

American Marcus Floyd, 39, created Horse Kicks in conjunction with Lexington, Kentucky tourism agency VisitLex ahead of this weekend’s Breeder’s Cup horse race to be held November 4-5.

But far from being a PR stunt, these trainers are seriously hot to trot and will retail for around £1,000 a pair, or £2,000 assuming you want trainers for all four legs.

As these pictures show, the finished sneakers make an eye-catching hoof garment for any stylish, fashion-conscious filly or stud.

Marcus, who runs his own bespoke training company Infinite Kustomz, said the idea behind the tailoring shoes for horses came from seeing animals as athletes, just like humans playing sports.

He told the Washington Post, “They thought it would be cool to develop horses as athletes, because that’s what they are.

“There is a huge market for footwear for these athletes, whether they are running in them, jumping in them or just going to the show.

“I’m finally getting the love I thought came a long time ago for some of the other projects I’ve done.”

READ MORE: Father of youngest Manchester Arena bombing victim rejects emergency services apology

On the Horse Kicks website, potential buyers can now contact Marcus directly to have the shoes made, which takes around 17 hours per set.

The website reads, “Contact Marcus to inquire about his one-of-a-kind custom sneaker services today.

“Horse Kicks is built on a pre-engineered protective boot designed for horses. While we consider these pieces to be works of art, Horse Kicks are 100% wearable.

The horse sneakers ordered by VisitLex will be auctioned at a “Sneaker Ball”, a charity fundraising event on November 12.

DON’T MISS: Amazing story of the discovery of Tutankhamun’s tomb

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Bermuda needs NFT and blockchain policies, says entrepreneur – The Royal Gazette https://priscillasfriends.org/bermuda-needs-nft-and-blockchain-policies-says-entrepreneur-the-royal-gazette/ Mon, 31 Oct 2022 10:41:00 +0000 https://priscillasfriends.org/bermuda-needs-nft-and-blockchain-policies-says-entrepreneur-the-royal-gazette/ Updated: Oct 31, 2022 07:41 Panelist Chris Christmas, left, uses panelist Karee Luna’s sneaker to illustrate a point at the 2022 Bermuda Tech Summit (Photograph by Jessie Moniz Hardy) Bermuda could be a leader in the blockchain industry, but the island needs a progressive and meaningful policy first, according to a newly settled tech entrepreneur […]]]>

Updated: Oct 31, 2022 07:41

Panelist Chris Christmas, left, uses panelist Karee Luna’s sneaker to illustrate a point at the 2022 Bermuda Tech Summit (Photograph by Jessie Moniz Hardy)

Bermuda could be a leader in the blockchain industry, but the island needs a progressive and meaningful policy first, according to a newly settled tech entrepreneur in Bermuda.

Chris Christmas, founder of Bloktime, said The Royal Gazette it is not so much the absence of a specific policy as the absence of a general policy.

“I will be sitting down with the Bermuda Monetary Authority to discuss how to develop a policy and be more progressive so that more companies invest in this market, due to your NFT and NFT friendly policies. chips,” he said. . “I have about five or six patents on this platform, so they’re looking into that.”

Bloktime uses non-fungible tokens to help brands authenticate products and grow revenue over multiple cycles.

Speaker in the panel In conversation about NFTs at At the Bermuda Tech Summit 2022, Mr. Christmas said that blockchain and web3 are so new that Bermuda could lead the innovation.

“You could introduce new ways of politics and new ways of funding,” he said. “You have insurance companies that could also be part of it. If you understood the power of blockchain and its impact on a global scale, this country could be the leader. You just have to be open-minded.

“Technology is a big thing for us, it’s not a restriction. It allows us to do more things. And you have to look at today’s youth as assets.

Bermudian Karee Luna, graphic designer and founder of Hai Tyde, was also a panelist. Hai Tyde helps artists and businesses bring an NFT component to their product and project launches.

“There needs to be a lot more education in Bermuda about NFTs,” she said.

This week, she organized What is NFT workshops, designed to educate the local community about NFTs.

“Even just trying to organize the event, it took almost a year to do it because people didn’t quite understand it,” she said. “Now they’re starting to do it. But I think a year ago it’s going so fast. Later today at What is NFTwe will learn what an NFT is, what a wallet is.

Moderator Simone Smith-Bean, Managing Director of Smith-Bean Co, said that when NFTs first hit the market, people were puzzled that people were spending large sums of money on GIF and in pictures.

“It changes so much over the years,” Ms. Smith-Bean said. “Now NFTs are used in many other ways.”

Mr Christmas said: “I almost think we should change the word to something that lets people understand that this is a digital certificate that has features unique to that certificate and allows for open transparency .”

Ms. Luna said many young people already understand the concepts involved in NFTs and blockchain.

“It’s actually older people like me who struggle with the concept,” she admitted. “Some of the young people tell me yes, I told my dad what to invest in. In a year you will be sitting here and someone much younger than me will talk about it.”

Mr. Christmas said one problem is that many programmers today are not trained in Solidity, one of the most common programming languages ​​for Ethereum.

“If you don’t learn to program for Ethereum, you won’t be able to upgrade in the future,” he said. “So today we need to move our education systems towards blockchain programmers, and get young people into 3D, graphic design and animation, things that will prepare them for the future so that Bermuda can be a leading country in blockchain.”

The three-day Tech Summit 2022 ends today. It is presented by the Bermuda Business Development Agency in partnership with the government’s Department of Economic Development and fintech industry association, NEXT Bermuda.

For more information see www.bda.bm/events/bermuda-tech-summit-2022

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‘Grain entrepreneur’ creates sustainable breakfast after struggling to find one he loves https://priscillasfriends.org/grain-entrepreneur-creates-sustainable-breakfast-after-struggling-to-find-one-he-loves/ Thu, 27 Oct 2022 09:40:19 +0000 https://priscillasfriends.org/grain-entrepreneur-creates-sustainable-breakfast-after-struggling-to-find-one-he-loves/ Hammond, with its products. Hammond Brown, from Telford, has been making his own muesli for years after failing to find one he likes in the shops. He has now launched his own brand after completing a start-up course with Good2Great business consultants in Bridgnorth. “I was unhappy with the quality of traditional muesli available in […]]]>
Hammond, with its products.

Hammond Brown, from Telford, has been making his own muesli for years after failing to find one he likes in the shops.

He has now launched his own brand after completing a start-up course with Good2Great business consultants in Bridgnorth.

“I was unhappy with the quality of traditional muesli available in supermarkets,” said Hammond, who had previous careers and was a veterinarian and genealogist.

“I enjoyed making my own so much that I decided to produce it so other people could enjoy its health benefits.”

He says he has ensured that Hammonds Foods is as sustainable as possible by using local ingredients and plastic-free, recyclable and compostable packaging.

“We are also recycling the wooden pallets our ingredients are delivered on by donating them to Hedgerow Honey who use them to sit their hives, making them easier to move around and allowing bees to pollinate a larger area,” added Hammond.

Each 650g box of Hammonds muesli also comes with a free packet of wildflower seeds which can be sown to support bees and other pollinators such as butterflies and fly flies.

Hammond credited Good2Great for giving him the confidence to start his new venture.

“The Good2Great Startup program gave me the tools to launch Hammonds Foods with confidence,” he added. “The support and encouragement I received from the team, as well as other entrepreneurs, was much needed.”

The Good2Great Business program is funded by Shropshire Council and managed by Telford & Wrekin Council.

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How Industrial Age Management Is Killing Entrepreneurship https://priscillasfriends.org/how-industrial-age-management-is-killing-entrepreneurship/ Mon, 24 Oct 2022 06:51:47 +0000 https://priscillasfriends.org/how-industrial-age-management-is-killing-entrepreneurship/ How Industrial Age Management Kills Innovation Getty Over the past fifty years, the concept of management has hardened into a model that prevails in large corporations. It has been steadily refined and perfected over this period. It has many strengths. It’s a consistent and consistent way to run a big business. He was very successful […]]]>

Over the past fifty years, the concept of management has hardened into a model that prevails in large corporations. It has been steadily refined and perfected over this period. It has many strengths. It’s a consistent and consistent way to run a big business. He was very successful in making money. And he is highly respectable: he taught in all the best business schools. However, it has a killer flaw: it kills innovation and entrepreneurship.

The Resilience of Industrial Age Management

One of the main strengths of industrial age management is its resilience. It functions as a complex adaptive system that resists efforts to modify or undermine it. While clumsy leaders and crazed managers may thrive for a while, industrial age management bends but does not break. Ultimately, these efforts to push the company in strange new directions fail. This resilience is not captured in a traditional organizational chart that focuses on static reporting relationships in the hierarchy (Figure 1). It can be depicted in an alternative image of the interactive functions of a business, as shown in Figure 2.

Thus, the functional characteristics of industrial age management are well known. The company’s objective is to make money and maximize value for its shareholders and managers, that is, to prioritize shareholder value; This goal leads to principles and processes that emphasize stable structures that control people, control costs, and increase revenue and profit. So the principles are generally hierarchical work structures with individuals reporting to bosses; and the key indicators being short-term earnings and current stock price.

These principles generate process like top to bottom leadership; strategy who is backward and defensive; innovation which primarily protects the existing business; Sales that encourage customers to buy; HOUR who controls workers as resources of the enterprise; operations which achieves production objectives at the lowest cost; a budget treat it is a battle for resources between silos; and compensation where the gains go mostly up. It integrates as an interactive, cohesive and internally consistent system that supports each other, as shown in Figure 2.

Managers of this system tend to think of themselves as solving the equivalent of familiar puzzles. If they can put the pieces together in the right pattern, they could mine and take their due value.

The Disastrous Impact of Industrial Age Management on Innovation

One of the negative effects of this type of management is that it kills innovation and entrepreneurship. At lower levels of the company, it is impossible to escalate ideas through multiple levels and the chain of command, in which any level could veto a new idea. Any great idea was inevitably risky and anyone in the hierarchy could veto a new idea. At the top levels, leaders are largely compensated for short-term gains in the current stock price, so it’s only natural that this is what they primarily focus on. Innovation and long-term added value are well down on the list of management priorities. Indeed, senior executives are paid not to innovate.

This weakness of Industrial Age management has long been recognized and wonderful innovation processes have been developed to overcome it, including Curt Carlson’s NABC methodology developed at SRI International, Discovery Driven Planning by Rita McGrath , and. “blue ocean strategy” developed by Chan Kim and Renée Mauborgne. The hope of these new process owners was that the innovation practices they recommended would spread throughout the business, as shown in Figure 3.

What’s really going on

Yet, as Rita McGrath points out, this is often not what happens in many large corporations still in the grip of industrial age management. First there is the strategic process. When done well, it’s a portfolio of strategic options, drawing you into the future and creating a shared sense of where we’re going here. Yet the strategic function is often a set of hard choices, which include the pet projects of individual executives, even former CEOs, more than a realistic portfolio of strategic options.

The reforms of the budget process have been around for over 20 years, but the budget process at most large companies is still a battle between silos for resources. It anchors the company in the past. This is where internal politics and all organizational anti-organisms come in, because everyone has their share of the flow of resources that they want to cling to.

Then the innovation process itself is often completely disconnected from strategy or budgets. It is run by a different group of people. It operates according to its own logic. And if you lift the hood and look at the company’s portfolio, it’s a mess. Meanwhile, there are urgent mission-critical issues that no one is working on.

And then there is the rewards process by which people feel that they are going to move on. And it has everything to do with power and politics and navigating through it, more than the purpose of the business.

The reality in most cases is that the hopes of these wonderful innovation processes are mostly dashed. The firm acts like the autoimmune system of the human body. It turns out that these practices are at odds with everything going on in the business and have limited progress, as shown in Figure 4.

Can a Consiglier help you?

Kim and Mauborgne. recognize the problem and address it briefly in blue ocean change, where they say, “Is your organization dysfunctional? Ridiculously bureaucratic? Or highly political so that getting things done feels like walking through a minefield? Large, older organizations can feel this. The same goes for government entities. In these situations, in addition to building the team and selecting the right team leader, you also want to think about hiring a consigliere…. As a respected insider, he or she can advise the team and provide air cover to potential detractors, as well as garner support from individuals who might otherwise wish to thwart the initiative either actively or through passive aggression.

The idea is for the change team to appoint a consigliere, who will magically resolve all the tensions created by the other principles and processes of the company: inconsistent objective, bureaucratic structure of work, vertical hierarchy, transactional leadership, control of RH, short circuit. long-term financial guidance, antiquated risk management, and more. All of these principles and processes will work at odds with the task of creating a blue ocean strategy, making its success questionable, no matter how brilliant.

Part 2 of this article will show how Industrial Age management affects other managerial change efforts, such as humanocracy, digital transformation, HR reform, and budget reform.

Part 3 of this article will show how to overcome these challenges with the complete digital age management solution.

And also read:

The four keys you need to achieve strategic agility

How to re-imagine European capitalism: the case of Michelin

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How much did Mackenzie Scott donate to Girl Scouts? https://priscillasfriends.org/how-much-did-mackenzie-scott-donate-to-girl-scouts/ Thu, 20 Oct 2022 18:03:00 +0000 https://priscillasfriends.org/how-much-did-mackenzie-scott-donate-to-girl-scouts/ MacKenzie Scott, who was once married to Amazon founder Jeff Bezos, is a highly regarded philanthropist known for her generous donations and grants to nonprofits and community initiatives. Getty Images And his latest donation breaks records. On Tuesday, The Girl Scouts of the USA revealed that Scott had donated $84.5 million to the organization and […]]]>

MacKenzie Scott, who was once married to Amazon founder Jeff Bezos, is a highly regarded philanthropist known for her generous donations and grants to nonprofits and community initiatives.


Getty Images

And his latest donation breaks records.

On Tuesday, The Girl Scouts of the USA revealed that Scott had donated $84.5 million to the organization and 29 local branches, marking the largest donation the company has ever received in its more than 100 years of existence.

The Girl Scouts plan to use the funding to help make up for lost funding during the pandemic – as an organization that thrives on fundraising and in-person events, memberships have been hit hard in the age of COVID protocols.

Other uses of the funds will go towards improving science and technology education for its members, D&I initiatives (including reaching new members from underserved communities), and renovating campsites and other sites. Girl Scout.

“Organizations set their budget every year, and most of them also have a 3-5 year vision and strategy. However, some programs may be reduced or the 5-year plan may not be possible due to the nature unstable fundraising,” says Steve Greenias, managing director of online fundraising platform Givesmart. Entrepreneur how organizations of this size can begin to distribute a donation as large as Scott’s. “Every organization has a list of priorities based on its financial health. There are also unforeseen expenses ranging from building maintenance to the impacts of inflation. A gift of this caliber fills budget gaps and allows organizations to make responsible investments in infrastructure, staff and plans for long-term sustainability.”

The organization also plans to use Scott’s gift to “foster meaningful curriculum innovation informed by girls’ current interests and needs to prepare them for leadership, including an increased focus on career readiness and well-being.” -being mental,” according to a press release.

Girl Scouts of the USA CEO Sofia Chang said Scott’s support of the nonprofit “honestly means just as much as giving” and that post-pandemic, she aims for Girl Scouts are “building back stronger than ever before.”

And while Girl Scout cookie sales have remained strong (the organization made just over $3 million in sales during the 2021 season), revenue from that alone hasn’t been enough to put implement the changes that the organization wishes to implement.

“Being transparent with the breakdown of expenses versus programming costs exemplifies what it takes to sustain an organization,” says Greenias. “Sharing a statistic on the amount of additional revenue needed to continue, in the case of Girl Scouts – for programs, camps, financial aid, etc., underscores that cookie sales alone will not be enough. Any organization A nonprofit or school should share how their constituents benefit, where the money is going, and what their funding gaps are.No organization should assume their support network knows this information.

Scott recently made headlines when she filed for divorce last month from her second husband, Dan Jewett, after just over a year and a half of marriage.

Prior to her filing, she donated two Beverly Hills homes to the California Community Foundation to support the nonprofit’s affordable housing and immigrant integration initiatives, with an estimated total value of $55 million. of dollars.

It’s part of a pledge the philanthropist made in 2019 to donate the majority of her wealth to nonprofits and philanthropic efforts as part of the Giving Pledge — when billionaires pledge to donate the majority of their wealth to charitable causes by the end of their lives.

As of Wednesday afternoon, Scott’s net worth was estimated at $28.4 billion.

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