A Surprising New Study Says This Is the Worst American City to Start a Career In  So what are you going to do about it? Continued here |
For Female Founders, Fundraising Only from Female VCs Comes at a Cost
According to recent reports, women-led startups receive less than 3% of all VC investments. In response, many leaders have advocated for getting women more involved in venture financing, since studies have shown that female investors are more likely than their male counterparts to invest in female founders. However, the authors’ new research suggests that support from female investors may actually be a mixed blessing, because it can make it harder for female founders to raise additional rounds of financing. Through an analysis of more than 2,000 venture-backed startups, the authors found that women-led firms whose first round was raised exclusively from female VCs were two times less likely to raise a second round. This is because of an effect known as attribution bias: When people see that a female founder received funding from a male investor, they assume it’s because she is competent and her startup is strong. But if the same founder only has female investors, then people are more likely to assume that her success is due to her gender, rather than her competence. As such, the authors argue that while there are certainly benefits to raising capital from other women, female founders should consider the risks to their long-term success — and do what they can to ensure a more diverse cap table from the start. Continued here |
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Henry Ford, Innovation, and That "Faster Horse" Quote
We’ve all been in conversations on the topics of creativity and innovation when Henry Ford’s most famous adage is (excuse the pun) trotted out, usually accompanied by a knowing smirk and air of self-evidence. Battle lines are quickly drawn. One side vehemently argues the merits of innovating vis-à-vis customer feedback; the other argues that true innovation is created by singularly gifted visionaries who ignore customer input and instead manufacture innovation based solely on their prophetic vision for a better future. Continued here |
Innovation Isn't All Fun and Games -- Creativity Needs Discipline
Innovative cultures are generally depicted as pretty fun. They’re characterized by a tolerance for failure and a willingness to experiment. They’re seen as being psychologically safe, highly collaborative, and nonhierarchical. And research suggests that these behaviors translate into better innovative performance. But despite the fact that innovative cultures are desirable, and that most leaders claim to understand what they entail, they are hard to create and sustain. Continued here |
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Change Management Requires a Change Mindset
Every organization of every size struggles with change in some way. While midsize companies are no exception, their size offers a competitive advantage. Unlike small companies with limited resources, or large companies saddled by bureaucracy or “this is how we do it” norms, midsize companies are in the sweet spot for rethinking how to relate to change and uncertainty effectively. Helping your team develop and strengthen their change mindset should be a priority. Team discussions about one’s orientation to change could unlock hidden superpowers and create new pathways for internal mobility. This article discusses how to integrate scenario mapping into your strategic planning process to boost your “flux capacity” (your tolerance for change) and contribute to the kinds of futures you’d like to see. Continued here |
5 Mistakes New Managers Make
Nearly 50% of promoted people underperform up to 18 months after assuming their roles. This, combined with the high exposure that accompanies promotions and the associated risk of failure, leave new leaders incredibly vulnerable. To avoid falling into this trap, and set yourself up for success, consider these five common mistakes first-time managers often make and how to avoid them. Continued here |
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When TodayTix Hired Influencer Eli Rallo to Promote Its Service, the Ticket Seller Was Hands Off for Good Reason Influencer marketing can be lucrative for smaller brands--if leveraged right. A brand and an influencer share their advice from their collaboration. Continued here |
Warren Buffett Gets a McMuffin on the Way to Work Every Morning, but Not for the Reason You Think Buffett's breakfast ritual reinforces a core value, and it helps him gain focus and clarity to start his day. Continued here |
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How to Launch an Omnichannel Retail Strategy, According to Leading Brands Like Bonobos, Away, Harry's, and Reformation You have to sell wherever your customers want to buy. Continued here |
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Elon Musk Just Made a Bold Prediction for Tesla, and It Has Nothing to Do With Cars. It's a Lesson for Every Company At Tesla's recent shareholder meeting, Elon Musk taught a lesson in how to make more money while reducing risk. Continued here |
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The Future of Mobile: Setting Your Company Up or Success As mobile technology gets better and becomes more widely used, it's only natural that more users will interact with companies on their devices. Continued here |
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The SoulCycle Founders Take on a New Challenge: The Loneliness Epidemic After scaling SoulCycle and attracting Equinox as a buyer, Julie Rice and Elizabeth Cutler are launching a new venture, Peoplehood. Continued here |
A New Study Says 75 Percent of Entrepreneurs Are Concerned About Their Mental Health--and How Their Business Affects the People They Care About Building a company can take a toll, especially in terms of anxiety, stress, and even depression. But there is help. Continued here |
Montana Small Businesses Worried About Revenue Due to TikTok Ban Governor Greg Gianforte just signed a bill to ban TikTok within the state. Small-business owners and content creators say it will stifle their ability to find customers. Continued here |
More Than 50% of Managers Feel Burned Out
More than 50% of managers report feeling burned out, a number slightly higher than employees more broadly. The causes include the challenges of the pandemic combined with experiencing three hallmarks of burnout: exhaustion, cynicism, and a perceived lack of professional accomplishment. How can organizations better support these employees? Research from Microsoft on their own workforce explores the different ways burnout can be harmful to managers, and suggests five strategies for combatting it. Continued here |
B2B Sales Teams Can't Afford to Ignore Midsize Customers
Many large, multinational companies fail to reach and profit from middle-market customers. Yet the opportunity is enormous: In the U.S. alone, middle-market companies purchase more than $6 trillion a year in goods and services. Sellers with a big middle-market customer base can grow along with their clientele. The fundamental problem is that many multinationals don’t have a full-fledged strategy for selling to midsize companies, as they usually do for sales to enterprise and small business clients. As a result, they try to force either their enterprise model or their small-business model onto the middle market — and it doesn’t work. In this article, the authors describe what viable, profitable middle-market sales strategies might look like. Continued here |
Most Companies Can't Handle Cybersecurity Alone
The way to detect and neutralize determined cyber attackers is with 24/7 eyes-on-glass delivered by expert security operations professionals. These highly skilled operators have never been more critically urgent. Few organizations, however, have the right tools, people, infrastructure, and processes in-house to do this on their own. Global cybersecurity workforce shortages complicate the challenge, increasing risk and exposure to potential attacks for those without the necessary, on-demand resources. CSaaS is a security model where organizations leverage outside specialists to fulfill critical cybersecurity needs — such as around-the-clock threat monitoring. By outsourcing or augmenting IT teams to include managed cybersecurity services, organizations can more effectively mitigate attacks before they cause damage. Continued here |
How Generative AI Changes Organizational Culture
Read just about any business history and you realize just how much a firm’s success depends on its culture. Without the right culture, you can’t have successful innovation. You can’t compete successfully. You can’t thrive over the long term. So, if you want to lead your organization into a future that features generative artificial intelligence, you need to build the right culture for it. Continued here |
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