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Tag: Business Solutions

  • Why Being a More Generous Leader Will Create a More Successful Business | Entrepreneur

    Why Being a More Generous Leader Will Create a More Successful Business | Entrepreneur

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    It’s a common perception of company culture; images of trendy startups with perks like swag, free snacks and nap pods often come to mind — a scene reminiscent of Google’s early days. However, for us at Market Veep, the value of “give generously” wasn’t initially formally part of our core ethos. It wasn’t until several years into our growth journey that we recognized something crucial was missing.

    Here’s how we stumbled upon this realization: hiring experiences. We brought several individuals on board; it became swiftly apparent that their inclination towards generosity — be it with their time, knowledge or support for colleagues and clients — fell short of our expectations. It became a constant conversation, and we kept thinking, “shouldn’t this just be the standard of how people work with each other?” There was no denying that their values differed greatly from the company’s. It did not make them bad people, but they were not a company culture fit. That’s when it hit us: we needed to make “give generously” a core value formally. It’s now interwoven throughout our entire ecosystem..

    One of my favorite interview questions is, “What is the last nice thing someone has done for you — and on the flip side, what is the last nice thing you have done to brighten someone else’s day?” Some things people have said that made my heart grow three sizes:

    • Made homemade soup for their sick neighbor.
    • They brought their roommate a lunch they had forgotten at home.
    • Spent time with their elderly grandparents cleaning their house.
    • Donating time to the local shelter.

    For me, it’s not about the big gestures. It’s about the small details, the accumulation of many small “cares” that add to an embodiment of kindness and freely giving it. Similar to anniversaries, birthdays and holidays, they come around a couple of times a year — but wouldn’t you feel so special if every day felt like your birthday? Many companies we talk to say I’d love to do that, but I don’t have the budget for that. I’ll tell you a secret: it’s not about the money.

    When we had no budget, we did things such as :

    • Smiley balloons on employee appreciation day on everyone’s chair as a surprise when they come in.
    • Post it notes on their computers.
    • Take off your birthday paid time off.
    • Bike rides around the complex.
    • Pumpkin painting.
    • Halloween contest.
    • Valentine’s Day cards as a team to the people who lived at the senior center.

    Here’s the beauty of it: many times, it’s the free things or minimal expenses that people end up valuing more, finding more profound connections with and building memories off of. There is a huge misconception about saving up to do one to two big things to show your team you love them, but think about all the time in between, months on end, without telling them you care. Would you not tell your kids you love them every day?

    Now, things are different than before pandemic. We had a physical office, so the sky was the limit. Once the pandemic happened, it was a whole new evolution, and learning how to build a team, create happiness and give to them generously without physically being able to hand them something. It also introduced a new obstacle to measuring happiness through a computer screen. It’s a lot easier when you can read body language in person, notice if they are quieter throughout the day, etc., but when we started hiring all over the country, it made it a challenge. The pandemic taught us a lot about generosity and gratitude. As much as it was one of my most challenging times as a leader, it was also, by far, a period that taught me the most. I’ve seen the amazing character of people and their mental strength. Their ability to bind together to find solutions to difficult problems. Their kindness when there are difficult conversations. Their giving spirit when organizations barely had enough for themselves but still continued to support others.

    Even when unsure of what would happen, we promised to continue giving generously because kindness always wins. Someone is always worse off, has more struggles, and needs something you may take for granted daily. Giving generously helps us stay humble and focus on others’ needs above our own. It reminds us we are fortunate.

    • What it looks like now
      • Flexible hours.
      • 45 days off a year.
      • Sabbatical and a bonus for longevity.
      • Half-day Fridays.
      • Cookies in the mail for spotlight moments.
      • A 401k match.
      • Bereavement.
      • Personal time.
      • Happy hour Fridays.
      • Paid volunteer time off.
      • Medical, dental, eye.
      • Life insurance.
      • Health advocate services.
      • Work-from-home stipend.
      • Paid training and certifications.
      • Meditation as a team before the day starts.

    It’s not always about presents — it’s also about understanding where someone is in life. Your team shows up to help each other and the company, but it is not the driving factor of their life. When you see someone struggling, it’s more impactful to say, “Hey, how can I help? It seems like you have a lot going on. It’s just work. We’re not heart surgeons. Please get offline and take care of XYZ.” We’ve had people want to come in a day after a family member passed away, work from their family vacation or take meetings from a hospital. Respect and protect your team’s time, mental health, and boundaries. Give generously to them, and they give generously to your company, your team and your clients. Be their advocate even when they think work is more important.

    Have you considered what your team needs to live a generous life? What makes them feel appreciated? How can your company build deeper relationships and help them live their best lives? Think about the moments in your life where you felt the most cared for, supported and ultimately most appreciated. Because no one ever says, “I want to work someplace where I don’t feel appreciated.” Then, take it one step further and ask your team. Start a dialogue, and you’ll be amazed at how creative and thoughtful the ideas will be. Keep your focus on giving generously, and you can’t go wrong.

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    Jennelle McGrath

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  • Power up Your PC with Windows 11 Pro for Just $22.97—Today Only! | Entrepreneur

    Power up Your PC with Windows 11 Pro for Just $22.97—Today Only! | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    For entrepreneurs and business owners, keeping your technology up-to-date is a big part of maintaining a competitive edge. Today, you have a unique opportunity to upgrade to Microsoft Windows 11 Pro for just $22.97 (reg. $199)—but only for one day.

    This latest version of Windows offers a host of new features designed to make your business run smoother, faster, and more securely. Wondering why exactly you should upgrade to Windows 11 Pro?

    Modern user interface: Windows 11 Pro introduces a sleek, modern user interface that is not only visually appealing but also designed to improve user experience. The enhanced UI provides easier navigation and access to the tools you use most, making your daily tasks more efficient and enjoyable.

    Enhanced multitasking capabilities: If you’re someone who juggles multiple tasks, Windows 11 Pro has you covered with improved multitasking features like snapping windows and virtual desktops. These tools allow you to easily organize your workspace, keep track of multiple projects, and easily switch between tasks.

    Advanced security for peace of mind: Security is always a top concern, especially for entrepreneurs managing sensitive business data. Windows 11 Pro includes advanced security features such as biometric login, TPM 2.0, Smart App Control, and BitLocker encryption, ensuring that your information is well-protected against modern threats.

    AI-powered productivity: One of the most-used features of Windows 11 Pro is its AI integration. With the new Copilot feature, you get AI-driven assistance that helps you navigate the system more efficiently, find what you need faster, and even suggest ways to improve productivity. Whether it’s voice typing, enhanced search functions, or snap layouts, AI can help streamline your workflow and make your day more productive.

    Don’t miss this limited-time offer on the most modern Windows OS on the market.

    Get Microsoft Windows 11 Pro for just $22.97 (reg. $199) only through August 25 at 11:59 p.m. PT.

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  • Business Owners are Batting 1,000 With This All-in-One Management Hub | Entrepreneur

    Business Owners are Batting 1,000 With This All-in-One Management Hub | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    Running a small business is no small feat. As a business owner, you’re not just wearing one hat—you’re wearing all of them. You’re the HR department, the payroll processor, the scheduler, and often the team motivator. It’s a lot of work that’s bound to be stressful. Each day brings a new challenge, whether it’s dealing with last-minute schedule changes, tracking employee hours, or ensuring payroll is accurate and on time, and it’s all on your shoulders. It’s a small wonder that 20% of new business owners quit in their first year.

    Managing these tasks manually can quickly become overwhelming, leaving little room for focusing on what truly matters: growing your business, supporting your team, and supporting yourself. It’s why more than half of all business owners end up working more than 50 hours a week.

    Scheduling is one of the most complex puzzles you have to solve. It’s the much-maligned gritty everyday task of an entrepreneur, but it’s also one of your most direct ways of supporting and managing your team and your time. Spreadsheets and paper schedules might work at first, but as your team grows, so does the chaos.

    Tracking employee hours is another time-consuming task. If you rely on paper timesheets or old-fashioned punch clocks, mistakes are bound to happen, leading to payroll discrepancies that frustrate your employees and eat into your profits.

    Communication within your team is yet another hurdle. With everyone juggling different schedules and responsibilities, keeping everyone informed and engaged is easier said than done. Group texts and emails can easily get lost in the shuffle, especially when you’re trying to communicate important updates to a team that’s always on the move.

    It’s in the face of these daily challenges that many small business owners begin to seek out solutions—tools that can simplify their workload and give them back some of the time they desperately need. That’s where Homebase steps up to bat. Designed specifically for small businesses, Homebase addresses these pain points by bringing everything you need to manage your team into one intuitive app.

    What does Homebase do?

    Homebase is designed to tackle the everyday challenges that small business owners face, turning what can often feel like an overwhelming workload into a streamlined, manageable process that still leaves you plenty of room for your own individual management style.

    Simplified Scheduling

    Homebase centralizes scheduling, allowing you to build, adjust, and share schedules effortlessly. It also handles shift swaps and time-off requests, keeping everyone informed and reducing last-minute chaos.

    Accurate Time Tracking

    Turn any device into a time clock with Homebase, which automatically tracks hours, breaks, and overtime for smoother payroll processing and fewer errors.

    Streamlined Payroll

    Homebase automates payroll by converting timesheets into wages and taxes, handling direct deposits, and filing taxes, saving you time and ensuring timely, accurate payments.

    Efficient Team Communication

    Homebase unifies team communication, making it easy to send messages, share updates, and set reminders—all in one place, fostering a connected, efficient workforce.

    Enhanced Employee Management

    Beyond scheduling and payroll, Homebase supports hiring, onboarding, and performance tracking while offering perks like early wage access and financial planning tools.

    Compliance and HR Support

    Homebase simplifies compliance with labor laws, providing HR tools and access to certified advisors to help manage regulatory requirements and protect your business.

    In essence, Homebase is designed to put routine tasks on autopilot, allowing you to focus on what really matters: growing your business and supporting your team. And with less time spent on administrative tasks, you can get back to doing what you love: running your business, watching it thrive, and going home at a reasonable hour. That’s why it’s worth it to sign up for a 14-day trial at joinhomebase.com.

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    StackCommerce

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  • Build Across Platforms with Visual Studio 2022 for Just $34.97 | Entrepreneur

    Build Across Platforms with Visual Studio 2022 for Just $34.97 | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    As a business owner, you know that having oversight or control over your software development process is important to staying ahead in a competitive market. Whether you’re looking to streamline your in-house development team or take on more projects independently, having the right tools is essential.

    Microsoft Visual Studio Professional 2022 for Windows, now available for just $34.97 through September 3, offers a comprehensive suite of features designed to help you and your team succeed.

    With Visual Studio Professional 2022, you can develop applications across multiple platforms, including mobile, desktop, and web. Leveraging powerful tools like .NET MAUI and Blazor, you can build apps that work seamlessly on different devices and operating systems. This cross-platform capability allows you to reach a broader audience without the need for multiple development environments.

    Features like IntelliCode offer AI-assisted coding suggestions, while CodeLens provides insights directly into your code, helping you understand code dependencies and impacts before making changes. Live Share enhances collaboration by allowing team members to work together on code in real time, regardless of their location. These tools collectively streamline the development process, reducing time and effort while improving code quality.

    For businesses handling complex projects, Visual Studio Professional 2022 offers advanced features like debugging tools and the ability to test .NET and C++ applications across various environments. This ensures your software is thoroughly tested and ready for deployment, minimizing potential issues post-launch.

    Highly regarded in the industry, it has received 5/5 stars from Microsoft Choice Software and 4.6/5 stars from Capterra and GetApp.

    Don’t miss out on this limited-time offer to take the reins of your development process and drive your business forward.

    Pick up Microsoft Visual Studio Professional 2022 for Windows for just $34.97 (reg. $499) through September 3 at 11:59 p.m. PT.

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  • Dominate Your Industry with This AI Learning Bundle | Entrepreneur

    Dominate Your Industry with This AI Learning Bundle | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    Artificial intelligence (AI) is no longer a dream of the future. Like it or not, AI is reshaping industries and will continue to do so. A whopping 97% of participating business owners believe using it will help their business, a Forbes survey says.

    If you want to stay relevant and evolve as a company, you’ll need to start embracing this technology and adding it into the fold of your business.

    For new AI users or those who want to further their knowledge, this 2024 Complete ChatGPT & Gemini AI Advanced E-Degree should be at the top of your list. It’s on sale for just $24.97 (reg. $790) and features 65 lectures on various topics and AI tools that you can access anytime and anywhere.

    This e-degree program delves into the fundamentals of generative AI, covering everything from the basic concepts to the immense potential these tools hold for businesses. You’ll gain insights into how AI can be harnessed to transform your marketing strategies, enhance your customer service, and streamline day-to-day operations.

    You’ll get comprehensive training across multiple AI tools, including ChatGPT, Gemini AI, GPT 3.5, GPT 4, Bard, and DALL-E 2. This multi-tool proficiency ensures you’re equipped to use the most advanced AI platforms available, which will help you create compelling text, images, videos, and audio content. Whether you’re looking to boost your marketing efforts or improve your website’s content, this course has you covered.

    One key benefit of integrating AI into your business is the ability to automate repetitive tasks, freeing up time for other tasks. This bundle shows you how to use AI to enhance productivity, automate customer interactions, and perform data analysis with unprecedented efficiency. By learning to apply AI in practical ways, you can significantly increase your operational effectiveness.

    Gain lifetime access to invaluable skills and knowledge that will keep you at the forefront of AI technology with this learning bundle.

    The 2024 Complete ChatGPT & Gemini AI Advanced E-Degree is on sale for $24.97 (reg. $790) through September 3.

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  • This Office and Windows 11 Pro Bundle Can Really Amp up Productivity | Entrepreneur

    This Office and Windows 11 Pro Bundle Can Really Amp up Productivity | Entrepreneur

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    No matter where you are in your business journey, having the right tools can make all the difference in productivity and growth. However, investing in top-tier software doesn’t have to break the bank.

    With this terrific all-in-one bundle, you can get Microsoft Office 2019 Pro Plus for Windows and Microsoft Windows 11 Pro for just $45.97 (reg. $428) through September 3. This package offers everything you need to streamline your operations, boost productivity, and stay secure with the latest in AI-driven updates and security features.

    Power up productivity.

    Microsoft Office 2019 Pro Plus is packed with all the essential productivity tools your business needs. From creating polished documents in Word and analyzing data in Excel to designing impactful presentations in PowerPoint and managing communications with Outlook, this suite has you covered.

    It’s a one-time purchase, meaning you can enjoy lifetime access without worrying about recurring subscription fees. While it might not be the latest Office version out there, it still offers the productivity support and functions millions rely on worldwide.

    A modern OS with the latest updates.

    Windows 11 Pro is designed to keep your business on the cutting edge with its latest security features and AI-driven updates. The OS offers enhanced protection against cyber threats, improved performance, and a sleek, user-friendly interface. It’s built to support modern work environments, whether your team is working remotely, in-office, or a hybrid of both.

    The new AI assistant, Copilot, can help you streamline your work by summarizing documents, changing settings, and much more. And the latest AI enhancements can also be seen elsewhere, like in the Paint app, which makes it easy to remove backgrounds from images and other tools.

    For small businesses and startups, every dollar counts. Don’t miss this dynamic bundle that has 5/5 stars online.

    Order your All-in-One Microsoft Office Pro 2019 for Windows Lifetime License and Windows 11 Pro Bundle for $45.97 (reg. $428) through September 3.

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    StackCommerce

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  • Become Master of Your Own IT Domain with a CompTIA Readiness Bundle | Entrepreneur

    Become Master of Your Own IT Domain with a CompTIA Readiness Bundle | Entrepreneur

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    Having a strong grasp of IT fundamentals can be a game-changer for entrepreneurs and business owners. It can help you understand the complex business of your IT department and help you make informed decisions about IT-related tasks within your business. It can also serve as a way to do some IT work yourself and save on hiring costs, which can be particularly helpful for small businesses.

    The 2024 CompTIA Course Super Bundle by IDUNOVA is designed to help you gain valuable IT knowledge and get ready to take CompTIA exams. Priced at just $49.97 (reg. $585), it offers the flexibility that comes with learning at your own pace and on your own schedule.

    Whether you’re just starting or looking to broaden your IT skills, this bundle covers an extensive range of topics essential for understanding and managing IT systems. From foundational knowledge of IT concepts to advanced cybersecurity practices, the courses provide a comprehensive education that can be applied directly to your business operations.

    https://www.youtube.com/watch?v=i3dGlyXl444

    With the skills acquired from these courses, you can confidently address IT issues, implement best practices, and ensure your systems run smoothly. And if you can’t do it yourself, you’ll have the knowledge to oversee the professional or team doing it.

    The 2024 CompTIA Course Super Bundle equips you with a diverse array of IT skills that apply to various roles. You will gain a solid understanding of IT principles, learn to troubleshoot and maintain hardware and software, manage and secure network devices, and acquire expertise in server administration.

    Additionally, the bundle delves into penetration testing and vulnerability assessment techniques, along with cybersecurity strategies to protect your business from digital threats.

    Take control of your in-house IT situation with a lot of knowledge and guidance from the minds at IDUNOVA.

    Get The 2024 CompTIA Course Super Bundle by IDUNOVA while it’s on sale for $49.97 (reg. $585).

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  • Learn to Use AI to Create Stunning Art and Content | Entrepreneur

    Learn to Use AI to Create Stunning Art and Content | Entrepreneur

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    In the ever-evolving world of creativity and innovation, keeping up with the tech times can make or break your efforts. For artists, designers, and content creators just starting out, embracing new technologies can open up a world of possibilities.

    The 2024 AI Super Skills Bundle, available for just $30 (regularly $152), is designed to help you harness the power of artificial intelligence to enhance your creative projects. This comprehensive bundle offers courses that teach you how to use AI for art generation, writing assistance, and content creation, making it an invaluable resource for anyone looking to maximize their creative potential.

    With eight courses totaling 15 hours, the 2024 AI Super Skills Bundle offers a flexible learning schedule. You can dive into the material at your own pace from the comfort of your own space, making it ideal for those with busy schedules or different learning styles.

    The Learn to Write Like A Pro With Quillbot AI! course was designed by language experts to help you use the Quillbot AI tool effectively. It provides feedback without squashing your voice and is a handy course to have under your belt if you do any sort of writing.

    A ChatGPT for programmers course (4.5/5 stars) for all levels will help you use this AI tool to support your coding efforts. This could be helpful if you’re looking to stay on budget by coding yourself or if you’d like to help your team streamline their workflow.

    If you need artwork for your website or marketing materials, courses such as DALL-E 3 Complete: Master AI Art Generation with DALL-E 3 and Leonardo AI Art: Create Outstanding AI Art with Leonardo AI could be useful in helping you create custom art.

    Artificial intelligence is no longer just a buzzword; it’s a tool that can elevate your creative work. Whether you’re an aspiring artist, a seasoned designer, or a content creator, AI can be a source of inspiration and a powerful ally in bringing your ideas to life.

    Don’t miss this fantastic learning bundle that can help you amp up your creative efforts on a lot of different fronts.

    Pick up The 2024 AI Super Skills Bundle while it’s available for just $30 (regularly $152).

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  • Why Business Leaders Need to Learn About about Digital IDs | Entrepreneur

    Why Business Leaders Need to Learn About about Digital IDs | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    We’ve come a long way from the days when identity verification meant simply presenting a handwritten document or a personal endorsement. The Digital ID movement signals a new era where your identity is a digital entity, stored and accessed online.

    This shift promises many benefits, like positively transforming efficiency, security and fraud prevention. Yet, here is the challenge: the transition isn’t an overnight overhaul. It’s a gradual, evolutionary process.

    Physical documents aren’t going anywhere – yet

    Consider the reliability of a physical document – tangible, verifiable and trusted across various industries. Despite the charm of digital transformation, a 2024 Forrester Consulting study commissioned by Regula reveals that 46% of organizations still manually verify documents, including in remote setups. This reliance is even higher in sectors with stringent security demands, such as Aviation (63%) and Finance (44%).

    Why the attachment to paper? It’s simple. Physical documents are trusted and familiar, and they provide unmatched authenticity. They work. For business leaders, this means a gradual transition to digital identity systems is not just sensible – it’s essential. The current systems can coexist with emerging technologies, ensuring operations remain smooth while new methods are integrated.

    The barriers to a digital dream

    The dream of a global Digital ID system faces significant challenges. Chief among them is the lack of universal legislative frameworks. It’s like trying to conduct a global orchestra without a shared music sheet.

    According to the study, 74% of respondents highlight the need for unified global standards to ensure seamless integration and acceptance worldwide. This lack of alignment means businesses are navigating a fragmented landscape, where interoperability across borders is a complex challenge.

    Furthermore, technological disparities create uneven progress. While some regions, like the UAE, are racing ahead with advanced digital infrastructures, others, including the US and Europe, are taking a more cautious approach due to stringent regulations. This disparity underscores the importance of tailored strategies considering regional readiness and capabilities.

    Related: Your Face is Data — and Scammers Are Using it for Fraud. Here are 5 Tips When Using Identity Verification

    Concerns and realities

    As businesses examine the digital leap, several Digital ID concerns weigh heavily:

    • 50% worry about increased data breaches and cybersecurity threats.
    • 46% are concerned about the necessity of robust security frameworks to mitigate the risks of data breaches.
    • 44% fear the implications for privacy due to surveillance and data tracking.
    • 35% highlight dependence on technology potentially leading to system failures.
    • 35% see the risk of identity theft and fraud with digital credentials.

    These concerns are not trivial. They reflect the real and present challenges of a digital transition. But they also point to the need for robust, secure, and reliable systems that can build trust over time.

    Related: Deepfakes Are on the Rise — Will They Change How Businesses Verify Their Users?

    The hybrid solution

    In this complex landscape, a hybrid approach to Digital IDs emerges as the most pragmatic path forward. This strategy embraces both digital and physical verification methods, allowing businesses to transition at a manageable pace. By maintaining physical documents alongside Digital IDs, organizations can leverage the strengths of both systems, ensuring reliability while gradually adopting new technologies.

    For business managers, this hybrid model offers a reassuring compromise. It minimizes disruption to existing processes and provides the flexibility needed to explore and integrate digital solutions incrementally.

    At the same time, to adopt digital IDs into the current IDV (Identity Verification) process, a business must undertake several steps. First, it should assess the compatibility of its existing infrastructure with digital ID technologies, ensuring it can seamlessly integrate the new system. This involves upgrading or adapting current software and hardware to support digital ID functionalities. Next, the business must select a reliable digital ID provider, prioritizing those with strong security measures and compliance with regulatory standards. Implementing digital IDs requires employee training to effectively manage and operate the new system. Additionally, the business should develop a clear strategy for data privacy and protection, addressing potential cyber threats and ensuring compliance with data protection laws. Finally, a thorough testing phase is essential to identify and resolve any issues before fully deploying the digital ID system, ensuring a smooth transition and maintaining the integrity of the IDV process.

    Standard issue

    The development and adoption of Digital ID systems will require collaborative innovation from authorities, businesses and stakeholders in the IDV market. Key players like the International Civil Aviation Organization (ICAO) and the International Organization for Standardization (ISO) are working to establish frameworks for Digital ID adoption. Their efforts foster interoperability, security and privacy across different systems. However, creating comprehensive standards is a meticulous, time-consuming process.

    However, even if all standards are prepared and fully verified, the next stage involves implementing software according to these standards. This is not just a single module but a comprehensive suite of systems for each vendor, and there will be many vendors. Each vendor may interpret the standards differently, leading to inevitable compatibility issues.

    This brings us to the necessity of having process standards as well as testing and certification standards. However, even if vendors pass certification, questions about the completeness and reliability of the software will remain, especially when used by end-users. For example, an SDK might be fully functional, but during integration, developers might cut corners and not utilize all necessary components.

    Who will handle the certification? Laboratories will be needed to prepare testing software, and these labs will charge significant fees for conducting time-consuming tests. Not all vendors will be eager to invest in certification. Given that each country might have multiple vendors, the scale of the problem is immense.

    Currently, passports function without any online infrastructure, but digital IDs will need online services capable of handling massive volumes of requests, potentially from around the world. Imagine 300 million simultaneous requests in the USA alone. This feels like the scale of Facebook, Instagram or Google, with dedicated data centers and more. The cost could be astronomical. Poorer countries might decide they don’t need such systems or opt for minimal implementations.

    As a result, we will have many document variants: not only paper documents, paper documents with chips, and digital IDs but also many different types of digital IDs.

    Related: U.S. State Will Now Accept Digital Driver’s License on iPhone

    A marathon, not a sprint

    The journey to widespread Digital ID adoption is indeed a marathon. Even after the development of comprehensive standards, global adoption will take time. The initial issuance of Digital IDs will still require physical passports or ID cards, underscoring the ongoing relevance of traditional identification methods. Moreover, the implementation costs and the need for robust infrastructure further slow the transition.

    For business owners and managers, introducing Digital ID is best viewed as a gradual evolution. After all, in this long road to digital transformation, patience and pragmatism will be your greatest allies.

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    Ihar Kliashchou

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  • Get an All-in-One AI Tool to Streamline Everything for $40 | Entrepreneur

    Get an All-in-One AI Tool to Streamline Everything for $40 | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    For entrepreneurs and business leaders, efficiency and innovation are key to staying ahead. This is why so many companies rely on artificial intelligence (AI) to help streamline workflow and create more efficient processes. According to a survey in Forbes, almost all (97 percent) business owners believed ChatGPT would help their business.

    To that end, simplifying AI support can be even more helpful, which is why the all-in-one AI tool 1minAI is making some waves. 1minAI is designed to cater to a wide array of professional needs.

    With 1minAI, you can chat with multiple AI assistants to get instant answers or advice, create stunning images, write compelling blog posts, and even optimize your website for better performance. The platform’s versatility means you can streamline your workflow and tackle multiple projects without needing separate tools—you’ll have one hub to create custom content quickly, from internal communications to customer-facing designs.

    Designed with a user-friendly interface, you can access a wealth of AI-driven capabilities in just one minute, making it perfect for quick tasks and in-depth projects alike. Create and edit your images and prompt AI to generate accompanying copy to go along with it.

    For content creators, 1minAI simplifies the process of generating high-quality articles, social media posts, and marketing copy. The AI can provide ideas, draft outlines, and even polish final drafts, saving you time and enhancing your creative output.

    Many small-business owners and digital marketers will find 1minAI’s optimization tools invaluable. From SEO recommendations to website performance analysis, the platform helps you fine-tune your online presence and reach your business’s full potential.

    Plus, the platform is continually evolving, with weekly updates delivered through the 1minAI Newsletter and Public Roadmap. This ensures you always have access to the latest advancements in AI technology.

    Don’t fuss around with multiple apps and subscriptions to support your business. Get lifetime access to this centralized AI tool to make things easier on yourself.

    Get a lifetime subscription to 1minAI for just $39.99 (reg. $234) for a limited time.

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  • 3 Ways the Intersection of AI and Blockchain Will Change the Future of Your Business | Entrepreneur

    3 Ways the Intersection of AI and Blockchain Will Change the Future of Your Business | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    AI and blockchain are complementary forms of technology that have, as readers are likely aware, gained stunning momentum in recent years. Over the course of just last year, the former has found expansive application across the business landscape: According to a survey from UKG from late 2023, no less than 78% of executives reported that their companies were using artificial intelligence. A further 71% considered AI to be a medium to high priority for their businesses, and 62% thought they were not adopting such solutions fast enough.

    Second, we have blockchain technology. As early as 2018, 84% of C-suite members in a PwC survey claimed to have a blockchain initiative underway, and the rapid rise of cryptocurrency in the intervening years has shed further light on its potential.

    Related: Meet The Visionary Shaping Entertainment Through Blockchain

    The benefits of AI and blockchain working in tandem

    As these two concepts become more mainstream, business leaders are increasingly recognizing their productive capacity in working together. In a recent presentation at the EY Global Blockchain Summit 2024, for example, EY Global Chief Innovation Officer Jeff Wong addressed the synergistic possibilities of blockchain’s ability to certify original ownership, particularly as AI-generated content increases. He pointed out that technologies rarely create a leap forward on their own: Usually, Wong said, they have to come together with other new or existing ones to enable higher utility and a surge of development.

    Companies can use AI and blockchain together to change business processes and influence digital transactions—among the payoffs are a further reduction in costs and a transformation of consumer experiences in the consumption of online content and in other digital interactions.

    The question is, what might all this potentially translate to in day-to-day business operations?

    Here are a few possibilities:

    1. AI-driven predictive analytics

    The ability of artificial intelligence to look at past data and use it to predict future outcomes has gained impressive recent utility. However, that usefulness diminishes if past data is unreliable. Blockchain reinforces the predictions of AI-driven analytics by ensuring that data used in each algorithm is accurate, untampered with and transparent.

    Companies can use blockchain to create a level of integrity and reliability that’s not possible in a less secure set of data for AI models.

    Related: A Complete Guide to Using Predictive Analytics in Your Business

    2. Enhanced data security and capability

    Blockchain’s ability to improve data trustworthiness is unrivaled. It publicly traces all iterations of a piece of data, recording transactions in a decentralized and tamper-proof manner.

    This markedly improves data quality but does not boost utility. That’s where AI comes into the picture: It can execute increasingly sophisticated actions, including creation and generation. But here once again, the quality of data lies at the heart of each LLM’s (large language models) dependability — something blockchain naturally elevates.

    Blockchain technology can create data that powers cleaner and more accurate AI results.

    3. Sophisticated smart contracts

    Contracts make the business world go round, but can also hold things up when not handled efficiently. Blockchain makes it possible to store self-executing smart contracts on-chain when certain conditions are met. This reduces errors, eliminates the need for intermediaries and lowers costs.

    AI takes the basic yet vital acceleration of blockchain contract execution and increases complexity. The LLM models and neural networks that power AI algorithms introduce a higher degree of adaptation to the smart contract model. This gives them a dynamic, decision-making quality that uses real-time data to power adjustments.

    Businesses can use AI to enhance smart contract capabilities and reduce workloads.

    Related: Making a Difference with Adaptive Neural Networks

    Investing in synergy

    Technology is always advancing, but rare are the moments when multiple complementary techs overlap in powerful ways. The intersection of blockchain’s reliability and AI’s capability could lead to an explosion in business efficiency and dynamism. The question is, are you and your company ready to explore that new frontier?

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    Rashan Dixon

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  • Experience Better Document Management with PDF Expert | Entrepreneur

    Experience Better Document Management with PDF Expert | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    The PDF has become the standard file format for sharing and presenting documents across various platforms and devices. Many of us know all too well how difficult they can be to work with if you need to do anything other than view it.

    An Apple Editor’s Choice Award app, PDF Expert for Mac is a tool that makes it easy to manipulate and work with this popular file format. And a lifetime subscription for Mac users is currently on sale for just $79.99 (reg. $139).

    One of the most common frustrations with PDFs is the difficulty in editing them. PDF Expert eliminates this issue with its powerful editing tools.

    With PDF Expert, you can effortlessly modify text, images, and links within your PDFs, ensuring that your documents are always up-to-date and error-free. Need to swap out an image or fix a spelling mistake? It’s all at your fingertips, empowering you to make changes before anyone else sees them.

    Another common challenge is effectively reviewing and annotating documents. PDF Expert’s advanced annotation tools make it easy to collaborate and provide feedback on PDFs. You’ll be able to highlight important sections, underline key points, and strike through unnecessary text, which can help you and your team quickly identify and focus on critical information.

    You can easily add comments and notes to your documents. This could come in very handy in keeping all feedback on one document during team reviews.

    Convert, sign, organize, and fill out forms, too. It even has the capability to recognize text so you can easily find what you’re looking for.

    This is an essential tool for entrepreneurs looking to solve common PDF challenges and streamline their document management processes.

    A lifetime subscription to the PDF Expert Premium Plan for Mac is currently on sale for just $79.99 (reg. $139) for a limited time.

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    StackCommerce

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  • Get MS Visual Studio Professional and a Learn to Code Bundle for Just $50 | Entrepreneur

    Get MS Visual Studio Professional and a Learn to Code Bundle for Just $50 | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    Staying ahead of the curve by managing expenses effectively is key to long-term success. The Microsoft Visual Studio Professional 2022 + The 2024 Premium Learn to Code Certification Bundle offers a unique opportunity to gain essential coding skills and powerful development tools for just $49.99 (reg. $1,999).

    A small investment in this bundle can help you significantly enhance your technical capabilities. It can also help you save on costly hiring expenses and additional salaries.

    The learning bundle includes a wide array of courses covering the latest programming languages and frameworks. Whether you’re a complete beginner or looking to expand your current knowledge, the 2024 Premium Learn to Code Certification Bundle offers something for everyone.

    The courses are designed to provide practical, hands-on experience, ensuring you can apply what you learn directly to your business projects.

    You’ll get access to all 15 courses for life to dig into whenever you have time, whether it’s downtime at the office or home in your PJs. Topics cover learning to code with Python 3, beginner’s C++, ChatGPT, Google Assistant automation, JavaScript, Salesforce, Ruby on Rails, and even coding for games and kids.

    Microsoft Visual Studio Professional 2022 is an integrated development environment (IDE) that supports multiple programming languages and platforms. It has 5/5 stars on Microsoft Choice Software.

    It comes equipped with advanced debugging, testing, and collaboration tools, making it easier to develop, test, and deploy applications efficiently. This powerful toolset enables you to create high-quality software solutions tailored to your business needs.

    IntelliCode is a popular feature of Visual Studio. It can help you complete a line or block of code to save you time. CodeLens allows you to see important info regarding recent changes, tests, and history. It also offers real-time collaboration via Live Share.

    This bundle offers real value for entrepreneurs looking to enhance their technical skills and reduce costs.

    Get Microsoft Visual Studio Professional 2022 + The 2024 Premium Learn to Code Certification Bundle for just $49.99 (reg. $1,999).

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    StackCommerce

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  • AI Marketing vs. Human Expertise: Who Wins the Battle and Who Wins the War? | Entrepreneur

    AI Marketing vs. Human Expertise: Who Wins the Battle and Who Wins the War? | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Uncover the truth about AI in marketing and why it’s a ticking time bomb for unprepared businesses! As AI revolutionizes the marketing landscape, understanding its long-term impact is crucial.

    In this video, I dive deep into the reality of AI marketing, exposing the myths and revealing strategies to stay ahead of the curve. Learn why AI might play in your favor for the next 3 years, but could spell trouble if you’re not prepared for what’s coming. Discover how to leverage AI tools effectively while developing a future-sighted approach that will keep you competitive in an AI-driven world.

    Download the free ‘AI Success Kit‘ (limited time only). And you’ll also get a free chapter from Ben’s brand new book, The Wolf is at The Door – How to Survive and Thrive in an AI-Driven World.’

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    Ben Angel

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  • Cyber Attacks Are Inevitable — So Stop Preparing For If One Happens and Start Preparing For When One Will | Entrepreneur

    Cyber Attacks Are Inevitable — So Stop Preparing For If One Happens and Start Preparing For When One Will | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In 2024, organizations faced an average of 1,308 cyber attacks per week in Q1, a 28% rise from the previous quarter and 5% year-over-year. And what’s even worrisome is that cybercrime losses reached $12.8 billion in 2023 and are expected to hit $23.84 trillion by 2027.

    Undoubtedly, securing your business in today’s digital business landscape isn’t just about protecting against cyber threats — it’s about resilience.

    You can always fall for the latest threats since cybercriminals are becoming increasingly sophisticated while sneaking into business networks. Hence, you need a more robust cybersecurity plan backed by cyber resilience that goes beyond conventional cybersecurity strategy.

    Cyber resilience isn’t a buzzword; it’s a necessity and a proactive approach that goes beyond conventional security. It ensures your organization withstands and recovers from potential threats without much impact on your business.

    In a nutshell, cyber resilience is about building walls of protection and having the resilience to bounce back stronger.

    Let’s discover why embracing resilience should be a top priority for businesses to ensure continuity and future success in the ever-expanding cybersecurity landscape.

    Related: There’s No Margin for Error in Cybersecurity — Here’s How to Build a Strong Online Defense through Everyday Habits

    Why your business needs cyber resilience

    Cyber resilience is your organization’s ability to prevent, withstand and smoothly recover from various cybersecurity incidents. Cyber resilience isn’t about preventing cyberattacks — it’s about ensuring your organization can swiftly recover and continue to operate after an incident.

    Nobody can predict the next threat to your organization and customers, especially in an era where machine learning and artificial intelligence have broadened the horizons and increased threat vectors.

    Hence, a robust incident response plan is undeniably the need of the hour for businesses that are about to reinvent their cybersecurity posture.

    Remember, a cybersecurity strategy lacking a robust incident response plan is good for nothing since cybercriminals are already exploring new ways to target end users and customers to exploit their personal information and gain access to sensitive business details.

    On the other hand, cyber resilience not only ensures stringent cybersecurity against immediate threats but eventually mitigates long-term costs. Hence, investing in cyber resilience would surely safeguard your business from financial devastation and ensure smooth continuity.

    Now that we’ve learned about cyber resilience and its importance, let’s emphasize how you can incorporate it into your business.

    Related: 3 Reasons to Increase Your Cybersecurity Protocols in 2024

    Is your organization truly protected?

    Most businesses mistake cyber resilience for cybersecurity. However, they are pretty different and hold their own importance at different levels.

    Securing your organization against modern threats is crucial, but it’s also important to prepare for the worst. For example, you must have a plan to deal with a data or privacy breach.

    If you wish to protect your organization from the latest threats, your cybersecurity must include a comprehensive cyber resilience checklist.

    Whether it is regular audits, employee training, or advanced threat detection through technology, you must always be geared up to handle any cyber incident.

    Your cybersecurity checklist to supercharge your cyber resilience

    1. Regular security audits

    Scheduled audits are crucial to uncover potential threats and vulnerabilities before cybercriminals can exploit them. Addressing the issues well in advance can help you prepare a solid plan for the worst-case scenario and bounce back stronger.

    Here’s what you can do:

    • Look for outdated software: It’s crucial to check and update your defense software and firewalls since outdated software is more susceptible to ransomware attacks and other threats.
    • Incidence response drill: Organizing an incident response drill will help identify gaps in your communication protocol and eventually help you overcome the delayed response time during a cyberattack. Hence, scheduling quarterly incident response drills is crucial once you’ve completed the security audit.
    • Engage third-party experts: Involving third-party cybersecurity experts can provide an unbiased evaluation of your security measures and help create a robust cyber resilience program. Experts can uncover vulnerabilities your internal teams might overlook and help prepare an action response plan accordingly.

    2. Strengthening your human firewall through employee training and awareness programs

    Human error leads to cybersecurity breaches. Ensuring your employees are well-trained to handle any vulnerability is critical to building cyber resilience.

    • Regular training sessions: Regular training and updating your employees on the latest threat vectors and best practices are essential. Using real-world scenarios to illustrate various threats and their corresponding responses would shield your organization from potential threats and minimize losses during an unforeseen event.
    • Phishing simulations: Implementing phishing simulations to test your employees’ ability to recognize and respond to phishing attacks is crucial for safeguarding sensitive information. Using the results to identify improvement areas will help tailor training to minimize human error.
    • Clear policies and procedures: Establishing clear cybersecurity procedures and policies within your organization is crucial to building resilience. Ensure the policies are easily accessible and understood by everyone in the organization.

    3. Building a robust incident response team is your frontline defense

    A dedicated incident response team is all you need for swift and effective action during a cybersecurity incident. This will help minimize the impact, leading to fewer financial and reputational losses.

    • Define roles and responsibilities: You must clearly define roles and responsibilities for every team member regardless of their job title and experience. It’s crucial to ensure that everyone knows their duties and responsibilities promptly during an incident and the situation.
    • Invoke the potential of modern tools and technologies: Using threat intelligence tools, data encryption, multi-factor authentication (MFA), and Zero Trust architecture can reinforce your overall cybersecurity resilience program.
    • Continuous improvement: Conducting a thorough review to identify areas for improvement after every drill and incident. This will help you continuously update your incident response plan based on the recent findings.

    Final thoughts

    In this modern digital business landscape, the increasing cyber threats and sophistication of cybercriminals demand next-level security — cyber resilience.

    Cyber resilience is a vital strategy for businesses to ensure they stay up and running even in the event of a cyber incident and can quickly contain a breach without financial and reputational losses.

    Hence, embracing cyber resilience shouldn’t be a luxury; it must be an essential pillar of your cybersecurity foundation.

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    Rakesh Soni

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  • Boost Business Efficiency with Five Years of Control D for $40 | Entrepreneur

    Boost Business Efficiency with Five Years of Control D for $40 | Entrepreneur

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    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    As a business owner, managing your online activities efficiently and securely is crucial for maintaining productivity and protecting your business. The Control D Some Control Plan offers a comprehensive solution with a five-year subscription for just $39.99 (reg. $120)—and an extra $5 off with code CONTROL at checkout.

    This plan not only enhances your browsing speed and security but also helps you enforce a productivity schedule, keep your kids safe online, and manage multiple devices with customized rules.

    Optimize your online activity.

    Control D optimizes your internet connection by blocking ads that can slow things down, helping you get faster browsing speeds. This enables you to work quicker, improving overall efficiency. And with security features, it protects your data and online activities from potential threats, providing peace of mind as you navigate the web.

    The internet can be an entertaining place. It’s very easy to get sucked down a rabbit hole of trending stories. However, that’s a big time waster. Control D allows you to create a productivity schedule that blocks distracting websites and content during work hours to help you stay focused on important tasks and projects.

    Since you get access on up to ten devices, you could use Control D at home, too. If you have little ones at home, it provides tools to help your kids navigate the internet safely. Set age-appropriate restrictions and block harmful content to ensure a safe online environment for your children. You can stay informed about your kids’ online activities and manage their internet usage.

    Well reviewed.

    This tool has 5/5 stars on Product Hunt and allows you to switch your location to any of more than 100 worldwide locations, which can help circumvent censorship while traveling.

    Don’t miss this great deal on five years of Some Control, which is way better than no control.

    The Control D Some Control Plan is on sale for just $39.99 (reg. $120), and you can get an extra $5 off with code CONTROL at checkout for a best-of-web price.

    StackSocial prices subject to change.

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    StackCommerce

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  • 5 Financial Blind Spots That Could Be Preventing You From Making More Money | Entrepreneur

    5 Financial Blind Spots That Could Be Preventing You From Making More Money | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Money can often be the barrier between being stuck where you are or breaking through to the next level. This includes having or not having a budget, using it properly, hidden revenue or even misaligned goals — all of which influence your growth trajectory. These four common secrets have helped my company elevate our clients to the next level.

    1. Financial transparency for ROI

    The first blindspot we often notice with new clients is not having a clear reporting connection between your tools, like ads and a CRM like HubSpot, to see which channels drive the most significant return on investment (ROI). Do you know your best-performing channels? Or your best-performing piece of sales copy? What is the most opened document that leads to a closed deal?

    And we’re not just talking about marketing and sales; this applies to many connected platforms — for example, the closed-loop revenue or your ERP systems. When things are not connected, they are disjointed and siloed. You end up flying blind. Without connecting your marketing tools with your revenue tools, and with that being CRMs, finance platforms, or ERPs, to name a few, there is a disconnect, and the arms and legs end up moving in different directions.

    Here’s a simple example we see all the time: If you knew that one channel drove more deals by a 75% faster conversion rate, wouldn’t you invest more time and energy in that channel than one that only had a conversion rate of 10%? Many people don’t want to share the revenue numbers within the company, but all of that information informs the other departments; without sharing these revenue numbers, your money secret is keeping it in hidden silos.

    Related: I Hit $100 Million in Annual Revenue by Being More Transparent — Here Are the 3 Strategies That Helped Me Succeed

    2. Strategic investment for avoiding blind spots

    Another financial blindspot is not investing in marketing. We have had prospects come in with no budget and no internal marketing team, but we want to grow by 150% and spend a total of $1,000. I wish achieving growth like this was possible, but unfortunately, it’s not. The old adage that you get what you pay for, or it takes money to make money, speaks the truth. Your investment goals should match your growth goals. The amount of money invested should be measured not just by short-term, quick wins but also by looking at long-term investment to growth.

    You would never measure an HR department strictly on the number of hires. However, looking at the whole picture of longevity amongst many other important KPIs, You would not use an HR department for a few months. It is something that is constant and needs care and attention. Marketing is no different — if you strictly only measure marketing by the number of leads, you are missing out on the full picture. Marketing helps push leads through nurture campaigns, creates automation, leads scoring, builds new campaigns and tests, supports sales enablement activities and many other components. A buying cycle is rarely a straight line to click and buy unless we’re discussing Amazon.

    That said, everyone has budgets, margins and bumper lanes they need to stay in. I am by no means saying throw your budget to the wind, but your goal should match your budget. If you have modest growth goals, be realistic about the budget needed to get there. Set incremental micro goals but stay the course for long-term growth.

    Related: You Won’t Have a Strong Budget Until You Follow These 5 Tips

    3. Data-driven decisions to save money

    Another money secret that costs companies is spending without the data to back it. We had a company inquire about a new website, a full blow-up, new navigation, new content, new page layouts, migration onto a new CMS, a new theme and the works. They said they had a $75,000 budget for the whole project. In theory, it sounds great, right? Willing to invest? Check. Has a budget? Check. Know what they want the end result to be? Check. But when we asked them the next question, they looked at us like we were crazy, “Do you have data that backs the changes you are looking to make?” Are you running a tool like Hotjar to see real user data behind how these proposed changes will impact your existing inquiries and the only source the sales team was currently using for leads?

    The answer was no. When the heat map was overlaid, do you know what happened? Well, they were looking to build that new navigation out and replace the old one — nearly 90% of the traffic was going to two pages of their site directly from the navigation, both of which they had originally wanted to remove. In this case, it wasn’t just about having the money but also about making sure the decisions you make with the budget are informed by real data: user data, sales data, marketing data and more. The more informed you can be by closing the loop on your data, the better your end result will be.

    Related: Want to Be Better at Decision Making? Here are 5 Steps to Better Data-Driven Business Decisions

    4. Modern marketing channels to drive growth

    What is likely costing you the most is using old-school channels without the ability to measure. Companies have spent the last decade on traditional marketing channels and are switching to digital. The company’s historical growth has relied on things like trade shows, print, postcards and online magazines. We ask what the ROI you have seen by each channel is, and rarely can they share a specific revenue number and say it is for brand awareness. Some of the budgets can be over 50 to 100 thousand dollars spent on these traditional methods, but there is no ROI attached, yet they continue them.

    When the pandemic happened, we saw a massive influx in businesses shifting from once only boots on the ground to digital. The lockdown changed everything; there were no more trade shows, no more door knocking and no one picking up their mail or faxes daily. It made traditional selling channels challenging and obsolete and forced a new level of openness to try new ways to get the job done. In the example of running online magazine ads there are lots of ways to capture them, we can use UTM tracking, referral analysis or create a custom landing page for the offer and capture the leads directly. Without running them to a landing page or form, you rely only on the online publication for leads and analytics. We’ve had people show a list of just names, no emails to follow up with, or only show a random number of visitors to the page, not a single name. It’s important to know what they will provide for reporting and tracking when you publish or use traditional channels. The rule of thumb is to use connections and tools that leverage old-school methods into technology and not blindly spend on channels that cannot be measured.

    Stop wasting time, energy and revenue on these blind spots. They have easy solutions, so you can avoid them and focus on growing your business!

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    Jennelle McGrath

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  • Nvidia Is Becoming the IBM of AI, Says Former Apple Engineer | Entrepreneur

    Nvidia Is Becoming the IBM of AI, Says Former Apple Engineer | Entrepreneur

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    Jim Keller, an engineer who has worked at AMD, Apple, and Tesla and is now CEO of an AI chip startup taking on Nvidia, says that Nvidia is “becoming the IBM of the AI era.”

    On a Sunday podcast episode of DemystifySci, Keller brought up Nvidia’s AI chips and called attention to companies like Microsoft and Google that are using Nvidia’s technology to power their own innovations.

    “All the big tech companies are in an arms race and they’re all calling Nvidia,” Keller said.

    Related: Nvidia CEO Jensen Huang Turned Down a Merger Offer in the Company’s Early Days, According to Insiders. Here’s Why.

    Keller, who now leads the $2 billion AI chip startup Tenstorrent, which has funding from Samsung and Hyundai, stated that Nvidia currently has “the best processors by functionality.”

    He then said that Nvidia is “slowly becoming the IBM of the AI era,” adding, “We’ll see how that goes. I run an AI tech company so I have opinions about that too.”

    Jim Keller, chief executive officer of Tenstorrent. Photographer: SeongJoon Cho/Bloomberg via Getty Images

    Nvidia is now the industry leader for AI chips, with over 80% of the market share. It benefits from a first-mover advantage in AI computing; Nvidia claims to have started investing in AI and machine learning development starting in 2006.

    Related: Employees Who Worked at This Company for the Past 5 Years Are Now Multi-Millionaires in ‘Semi-Retirement’

    IBM, too, could be considered a first mover in the PC market. Though IBM did not invent the PC, the company’s 1981 personal desktop opened computers up to a broader audience and generated $1 billion in revenue in its first year.

    IBM “set a technology standard” with its first PC, according to IEEE Spectrum.

    Keller has previously weighed in on the cost of AI chips, both from Nvidia and from ChatGPT-maker OpenAI, which currently uses Nvidia’s chips. He claimed in April that Nvidia could have cut research and development costs and in February that he could build AI processors for all workloads and AI companies at one-eighth of the cost suggested by OpenAI CEO Sam Altman.

    Nvidia CEO Jensen Huang said in March that its next-generation AI chip would cost more than $30,000.

    Related: Here’s How Much Investing $10,000 in Nvidia When It Went Public Would Be Worth Now

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    Sherin Shibu

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  • Stop Overwhelming Your Online Customers With Information Overload. Hook Them In With This Approach Instead. | Entrepreneur

    Stop Overwhelming Your Online Customers With Information Overload. Hook Them In With This Approach Instead. | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Users spend an average of 5.59 seconds looking at a website’s written content. I don’t know about you, but it seems like there is hardly enough time to gain users’ interest, let alone relay the information you want to share — and the information they want to find.

    However, following best practices, there is no reason to bombard users with an avalanche of information when they land on your homepage. While there may be a lot of great information about your business, putting it in their faces when they arrive can have the inverse effect, making users feel overwhelmed and pushing them to leave the site.

    So, what is the alternative? Thoughtfully crafted messages and content aligned with the customer journey and revealed through a slow, strategic drip known as progressive disclosure.

    Related: Your Online Customer Experience Is More Than a Buzzword — It’s the Backbone of Your Business. Here’s How to Optimize It.

    But what is progressive disclosure?

    Progressive disclosure is about strategically revealing the information a user wants or needs at the precise moment the customer wants or needs it (rather than throwing it at them upfront). This is essentially a strategic approach to planning and releasing content throughout the customer journey to maximize engagement and move a customer through the conversion funnel.

    Here’s an example: If you have a product-heavy website, the navigation should direct the user through a seamless navigation. If the navigation is designed strategically to align with the customer journey, then each click is a point on the path of progressive disclosure. As users move around the site, they will slowly but surely learn more about the products and services and find the information they need. This is precisely why websites use a thoughtful navigation system based on logic and integrated into the information architecture that outlines the content and where it should be placed within the site.

    Why is progressive disclosure powerful?

    The simple answer is that this process is customer-centric. It focuses on what customers want to accomplish rather than what you, the business owner, want to share.

    In addition, progressive disclosure accomplishes the following:

    • Reduces friction: Information overload leads to confusion and decision paralysis. By presenting information relevant to the user’s immediate needs, you remove unnecessary hurdles and guide them seamlessly toward their goals.
    • Boosts engagement: Curiosity thrives when there is something more to discover. As users uncover new features and functionalities, their interest remains piqued, encouraging further exploration and deeper product engagement.
    • Builds trust: When users feel they’re being led, not overwhelmed, trust flourishes. Progressive disclosure shows respect for their time and attention, fostering a positive relationship between them and your product.

    Related: 7 Ecommerce Customer Experience Strategies for Effective Branding in 2024

    Want to rework your website so it’s aligned with your customers?

    If you want to rework your website or consider how your content is aligned with your customers, here are a few considerations that will help ensure you are applying progressive disclosure principles:

    • Map the customer journey. Understand the different stages users go through, from awareness to consideration, purchase and beyond. Identify their needs and pain points at each stage.
    • Prioritize information. Categorize features and information based on their importance and relevance to each stage of the journey. Highlight core functionalities initially and unveil advanced features later.
    • Use microlearning. Chunk information into digestible pieces, delivered through tutorials, tooltips, and interactive prompts. This makes learning effortless and avoids cognitive overload.
    • Leverage visual cues. Employ clear design elements like hierarchy, icons, and animation to guide users’ attention and highlight key information.
    • Gather feedback. Continuously analyze user behaviors on your site and collect feedback to understand what resonates. Use this data to identify areas for improvement and implement valuable changes.
    • Use multiple touchpoints to communicate. While this strategy can be applied to a website, it applies to all digital communication channels. Most who visit your website either have a specific reason or are fact-finding. So consider using other digital channels, such as SMS and digital cards, to communicate more important (or urgent) messages in real-time.

    Applying progressive disclosure isn’t just about withholding information; it’s about crafting a captivating narrative that unfolds as the user interacts with your brand. Applying this approach can foster trust, increase engagement, and ultimately create satisfied customers.

    Remember, we’re not just selling products or services; we’re guiding users on a journey, and every step along the way matters. By unveiling the right information at the right time, we transform their experience from overwhelming to empowering, paving the way for sustainable success.

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    Louis Lombardi

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  • How the Peak Travel Season Will Impact Payment Fraud | Entrepreneur

    How the Peak Travel Season Will Impact Payment Fraud | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Summer is just around the corner, and with it comes an influx of vacationers ready to explore new destinations. As the summer travel season begins, businesses operating within travel and hospitality must adopt robust strategies to manage the anticipated increase in transaction volumes and fraud risks. These strategies must also effectively manage disputes and chargebacks during a peak travel period that’s expected to break records.

    Americans are still choosing to prioritize their vacations despite challenges like international unrest and rising prices. Projections from the Transportation Security Administration (TSA) suggest we’ll see a record-breaking summer travel season in 2024, with officials anticipating the busiest travel season ever.

    52% of consumers say they plan to travel as much in 2024 as last year, with another 40% saying they expect to travel even more. These prospective travelers already have significant budgets set aside for these trips.

    Millennials and Gen Z are the driving forces behind this trend. People in this cohort tend to prioritize experiences over material goods and seek a healthy work-life balance to explore new places and cultures. They’re also heavily influenced by social media, where many influencers showcase travel as part of an aspirational lifestyle.

    This surge in travel drives global business at every level of the economy, but it also creates a heightened sense of risk. For businesses, effectively managing fraud and chargeback risk year-round is crucial to navigating the travel space.

    Let’s explore the best strategies and tactics for managing these threats, whether in-house, hybrid or outsourced, and why asking for help might be the most effective course of action this year.

    Related: How a Bad Billing Descriptor Can Cost You

    The challenges ahead

    While a travel boom is fantastic for businesses and local economies, it poses significant challenges that underscore the necessity of comprehensive fraud and chargeback management. An exceptionally busy travel season can aggravate existing chargeback triggers already intrinsic to the travel space. We may see:

    1. Increased Transaction Volume. The sheer volume of transactions during peak travel seasons makes managing and monitoring every transaction closely difficult. This increased volume can overwhelm internal systems, leading to errors and delays in handling disputes, contributing to more chargebacks.
    2. Fraudulent Activities. Fraudsters take advantage of the busy season, knowing that the high transaction volumes can mask their activities. From fake travel deals to phishing emails, the types of fraud targeting travelers are diverse and sophisticated, increasing the likelihood of chargebacks from unauthorized transactions.
    3. Overbooked Flights and Hotel Shortages. High demand can lead to overbooked flights and sold-out hotels. When travelers are bumped from flights or denied rooms, dissatisfaction spikes. So, too, does the number of chargebacks as customers dispute charges for services they didn’t receive.
    4. Poor Customer Service. Understaffing is common during peak periods, resulting in longer wait times, unresolved complaints and poor service. Frustrated customers often turn to chargebacks to resolve their grievances when they feel neglected or mistreated.
    5. Operational Strain. Handling a surge in transactions requires a well-prepared operational setup. Without it, companies might fail to process payments and refunds promptly, further aggravating customers and leading to more disputes and chargebacks.
    6. Financial and Reputational Impact. Chargebacks result in financial losses due to refunds and fees. However, they also damage a company’s reputation with customers and hurt their relationships with financial institutions. High chargeback rates can result in higher processing fees and, in severe cases, the loss of merchant processing privileges.

    Considering what’s at stake, you can see why it’s incredibly urgent to prioritize effective chargeback management. Aside from saving time and money, it can also help boost customer trust during the peak travel season.

    Managing chargebacks: In-house, hybrid or outsourced?

    Travel operators can adopt one of three chargeback management strategies to handle the increased demand and the potential challenges outlined above.

    First, they can manage everything in-house. This involves maintaining a dedicated team to manage disputes, enhance customer support and refine fraud detection systems. While this approach offers direct control, it can be resource-intensive and requires constant updates and training to stay updated on new fraud tactics and regulatory changes.

    A second option is to outsource everything. This allows travel companies to benefit from specialized expertise and advanced technologies without the burden of maintaining an in-house team. Third-party providers can offer scalable solutions, real-time fraud detection and comprehensive chargeback prevention strategies. However, it can also mean that merchants lack insight.

    As a third option, merchants can try taking a more hybrid approach. Combining internal efforts with external support lets businesses leverage advanced technologies and knowledge from third-party providers while retaining some control over the process. This approach provides a balance between direct oversight and external expertise.

    Related: How to Fight Fraud and Chargebacks Should Regulation Fail

    Industry collaboration

    As we gear up for a record-setting summer, it’s clear that improved industry collaboration could be the key to addressing fraud and chargebacks.

    We could consider the transformative potential of open data and artificial intelligence (AI) within the tourism industry. Combining an open data strategy with AI can enhance decision-making processes, helping to personalize customer experiences and optimize operations.

    By harnessing open data, businesses can gain valuable insights into traveler preferences and behaviors. This insight can be refined using AI to forecast trends and tailor services.

    Related: Think You Can’t Win Against Chargebacks? Think Again.

    Open data and AI will have a much more symbiotic relationship in the future. The kind of collective effort that open data demands will create a more secure environment for our customers and protect our businesses from the financial strain of chargebacks. These technologies promise to boost efficiency and innovation in tourism, help manage threats and enhance the overall travel experience.

    Ultimately, travel operators need to be proactive. By adopting the right strategies and fostering collaboration across the industry, operators can thrive during this busy travel season and create a better experience for all travelers.

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    Monica Eaton

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