Entrepreneurship

Singapore firm launches in-flight Muslim prayer app

"A Singapore-based company has launched an iPhone app alerting Muslims when to pray and in which direction they should face even when they’re 35,000 feet in the air. Travellers input the flight details and are provided with prayer times during their journey, as well as the direction of the Muslim holy city of Mecca. Crescentrating, a firm that gives 'halal' or Islam-compliant ratings to hotels and other travel-related establishments, plans to make the free app, called Crescent Trips, available to Android smartphones within months. Spending by Muslim tourists is growing faster than the global rate and is forecast to reach $192 billion a year by 2020, up from $126 billion in 2011." Continue reading →

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Why are sales of non-alcoholic beer booming?

"For one thing, people are more aware than before of the damaging effects of alcohol. And better technology means that it is tastier than before, Mr Durkan claims. One chunk of the market is taking off for other reasons. The Middle East now accounts for almost a third of the worldwide sales by volume of non-alcoholic beer. In 2012 Iranians drank nearly four times as much of it as they did in 2007. It is popular in Saudi Arabia and the United Arab Emirates, where alcohol is either wholly or partially banned. Partly this is for religious reasons. But it also taps into growing consumer aspirations. As a statement of a globalised lifestyle beer, even if non-alcoholic, may be more potent than Coca-Cola." Continue reading →

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The Ultimate Cheat Sheet For Starting And Running A Business

"No joke. This is going be a bullet FAQ on starting a business. If you're a lawyer, feel free to disagree with me so you can charge someone your BS fees to give the same advice. If you can think of anything to add, please do so. I might be missing things. If you want to argue with me, feel free. I might be wrong on any of the items below. There are many types of business. Depending on your business, some of these won't apply. All of these questions come from questions I've been asked. The rules are: I'm going to give no explanations. Just listen to me." Continue reading →

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Elon Musk condemns the ‘perversion of democracy’ in Texas

"Tesla sells its cars directly to consumers, but state law currently prohibits Tesla from operating its own a dealership. Car makers are not allowed to sell vehicles directly to the public in Texas, they must sell through independently-owned franchises. 'This happens all the time,' said Bill Wolters, the president of the Texas Automobile Dealers Association, which lobbied against the bill. 'Someone wants an exception to the franchise laws. If we made an exception for everybody that showed up in the legislature, before long the integrity of the entire franchise system is in peril.'" Continue reading →

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Why Texas Bans the Sale of Tesla Cars

"Tesla CEO Elon Musk plans on opening 50 new Tesla stores in the next year. And taking a page from the Apple playbook, Musk is selling his product directly to consumers. No hard sell. No commission for employees. And uniform prices at every store. That’s a dig at the traditional middlemen in the car-buying experience: the car dealers. Musk wants to cut them out completely. So Musk is declaring war on car dealers, but car dealers are also declaring war on Musk. They have already successfully booted him out of Texas and there is anti-Tesla legislation pending in North Carolina, Colorado and Virginia." Continue reading →

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The Verdict on The World’s Fastest “Train”

"Consider the motivation behind Musk’s Hyperloop: California’s new so-called high-speed rail system, which Musk calls a 'bullet train to nowhere.' Rumored to cost $70 billion, Musk asks why California – one of the world’s largest economies, home of Silicon Valley, and with some of the world’s greatest tech companies – 'would build a bullet train that’s both one of the most expensive per mile and one of the slowest in the world.' Comparing it to the Hyperloop, he says, 'The train would be both slower, more expensive to operate (if unsubsidized) and less safe by two orders of magnitude than flying, so why would anyone use it?'" Continue reading →

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NASA begins selling shuttle launch platforms

"Nasa is selling three huge mobile platforms used to launch the Apollo moon missions and the space shuttle – adding to the list of historic facilities and equipments it wants private industry to take over, including a shuttle launchpad and its landing runway. The massive steel structures – 7.6 metres high (25ft) 49 by 41 metres on top – were originally built in 1967 for the Apollo moon programme’s Saturn rockets, then modified for the space shuttles, which flew from 1981 until 2011. The Kennedy Space Centre launchpad has attracted competing bids from the Amazon founder Jeff Bezos and Elon Musk, co-founder of Paypal and chief executive of electric car company Tesla Motors." Continue reading →

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Cameron Herold: Let’s raise kids to be entrepreneurs [2010]

"Bored in school, failing classes, at odds with peers: This child might be an entrepreneur, says Cameron Herold. At TEDxEdmonton, he makes the case for parenting and education that helps would-be entrepreneurs flourish -- as kids and as adults." Continue reading →

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Successful Entrepreneurs Share a Common History of Getting in Trouble as Teenagers

"They found that successful entrepreneurs possess distinct traits identifiable back when they were teenagers. Some of the not-so-surprising traits include having a high IQ, coming from a stable family, having parents who earn a higher than average income, and having exceptionally high self-esteem and confidence. However, some other common traits are often associated with juvenile delinquency. The study found that successful entrepreneurs displaying these traits typically started their careers as top high earning salaried workers, and when they branched out on their own and successfully established their companies, they tended to enjoy a boost in earnings of 70%." Continue reading →

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Facebook launches global Internet access initiative

"Facebook and other technology giants launched an initiative Wednesday designed to give the whole world access to the Internet. The project is entitled Internet.org and its goal is to cut the cost of smart phone-based Internet services in developing countries. Today some 2.7 billion people, just over a third of the world’s population, have access to the Internet and the number of new users is growing only slowly each year, a statement said. The other partners in the project are Nokia, Ericsson, Samsung, Qualcomm, MediaTek and Opera, while Twitter and LinkedIn also also due to sign up." Continue reading →

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