What Motivates Entrepreneurs?

3 Things That Motivate Entrepreneurs

First Published: EntrepreneurJourney.com Mar 9, 2013

Motivation is what makes entrepreneurs think outside the box and come up with bright ideas to change lives. But is there any common denominator that motivates entrepreneurs? There are too many, actually. I will discuss three common motivators that make entrepreneurs break boundaries to make the impossible possible. 

Freedom - As simple as it sounds, entrepreneurs value their independence more than anything else. To come up with new ideas and products, entrepreneurs need to break the rules, and breaking the rules is not possible when you are under someone else’s authority. Behavioral science research and consulting firm Humantelligence research shows that 60 percent of entrepreneurs valued their independence more than anything else. 

Passion - Passion or obsession is one of the most important denominators that make entrepreneurs engaging and keep motivated at a project even if there is no quick solution in sight. You can not be persistent at something if it’s not interesting, challenging, satisfying, and stimulating. And that is only possible when are passionate about what you are doing and you love and enjoy doing it. 

Money - If you look at Forbes The World’s Billionaires list, a high percentage of super-rich persons are entrepreneurs. Some entrepreneurs are motivated by wealth to become financially independent and some entrepreneurs are motivated by wealth to reach the ultra-rich class. So money is another major factor that motivates entrepreneurs. 

A point worth mentioning is that there are many other motivators and they do not equally motivate each entrepreneur, as everyone is different. However, there is one thing that applies equally to all entrepreneurs and that is all entrepreneurs are working hard across the globe to enrich the lives of all of us.

Will IMF Be The World’s Central Bank?

IMF & Global Economy

First Published Published Date : October 7, 2010 ADawnJournal.com

Slow Global Economic Recovery – The International Monetary Fund (IMF) says that the world’s economic recovery is underway but seems to be unbalanced and sluggish. Emerging and developing countries are recovering stronger and faster than developed countries.

Global Financial safety Net – To manage future financial crisis better, IMF plans to create a framework of global financial safety nets. The safety net would be a pool of money to provide some sort of credit line to those countries in need to cope with financial volatility and crisis. This is like – IMF will be working as a global central bank. However, Germany opposes IMF’s role as a global central bank. A Deutsche Bundesbank official said that it would create moral hazard for those who agree to provide unlimited, unconditional liquidity in financial crisis. During the Asian financial crisis, IMF did not approve an idea of creating an Asian Monetary Fund by Asian countries.

Canadian Building Permits Drop – Stats Canada reports that building permits in August dropped 9.2 per cent from July. The big chunk of drop came from non-residential sector. However, the residential sector increased by 2 per cent after declining for 4 months.

What’s Happening – A Test Project

Whenever I come across interesting news, events, stories, etc., I will be sharing them with my readers in mini blog posts.  This is a test project. Based on readers’ responses, I will decide to continue or discontinue later on. No links will be provided; if you would like to find out more on these events, please search on Google

5 Simple Tips To Motivate Employees

Tips To Motivate Employees

First Published: Dec 1, 2012 EntrepreneurJourney.com

We may think money is the number one medium to fire up employees’ motivation; however, the reality may be totally different. Today, I will discuss five simple steps that can make employees motivated and ready to embrace more challenge. 

Personality Matters - If you can bring out happiness, you got motivation automatically. Find out what your employees are passionate about and what they don't like to do. Try to accommodate individuals according their interest and the rest will follow.    

Start A Personal Development Plan - Sit down with your employees and create a personal development plan based on their individuality. As time goes along, monitor how they are performing. Encourage accomplishments - and for those who are not doing well, provide coaching and make necessary adjustments to reach realistic objectives. 

Encourage Growth Opportunities - This isn’t about giving a raise or promotion. Based on your employees’ personality and interest, lead them to a career path they would like better and find more challenging than where they currently are. For example, a different position within the same department or even another position within the same company with a different department. 

Make Employees A Part Of The Company - Profit sharing or bonuses based on the company’s overall annual performance - these or any such tools make employees feel like they are working for their own company and everyone will focus on the company’s profit. 

Don’t Forget Age - Based on age and lifestage, employees will act differently. Young workers tend to change jobs frequently - older workers like to stick to the same company … keeping in mind things like these and assigning projects knowing how age can play a role will motivate the right employees and will make your life a lot easier.

Is There a Chromebook Expiration Date?

Where Do I Find It When My Chromebook Expires?

Whether you call it an Expiration Date, End of Life Policy, or Auto Update Policy, Chromebooks do have a date beyond which Google does not guarantee updates.

In the past, it used to be called End of Life Policy, but then Google changed the term to Auto Update Policy. Also, Google has changed the timeframe to Auto Update Expiration several times. For example, before it was 4 years, then 5 years, and now 6 and a half years.

The Auto Update Expiration countdown starts from the date of the release, not from the date when you bought it. However, although Google’s Auto Update Policy does not guarantee to provide updates beyond expiration (6 and a half years, currently), it does not necessarily mean you will not receive updates.

There is no firm policy on this or nothing written in stone. You might keep getting updates even once your Chromebook expires. Some of the very old Chromebooks, Google’s CR-48 and Samsung’s Series 5, for example, (and many others) received updates beyond their expiration dates.

You can find your device’s Auto Update Expiration Date following the link provided. Should you continue using your Chromebook beyond its expiration date if no updates are provided? It depends on how comfortable you are in terms of your Chromebook’s security vulnerability.

Google recommends getting a new Chromebook after expiration because it will be vulnerable to unpatched exploits.

My Asus Chromebook Flip C302 will expire in November of 2022. So I still have about 5 years to go and that’s a very good life in my opinion. I will be happy to upgrade to a new one because there will be more new features and enhancements at that time. Besides, unlike Windows laptops, Chromebooks won’t break your wallet.

Chromebook Expiration Policy

Will India Overtake the United States in Economic Terms?

India – An Emerging Superpower

First Published: July 5, 2009 ADawnJournal.com

For as long as most of us can remember, the world’s largest economies have been the same. For economic muscle and influence, it was to the United States, the more established nations in the EU and to Japan that most attention was turned. But in the early part of the 21st Century, a lot has changed. New alliances form, and new industries flourish over time, but what few people saw coming until very recently was the arrival of a new economic force made up of some very diverse nations – the BRIC. Brazil, Russia, India and China – four nations with vast landmasses and huge populations which had nonetheless, for one reason or another, failed to flourish as global economies. As we come to the close of the century’s first decade, each is – for its own reasons – coming to bear more power in the global market.

There are those who would have sworn blind that India was the last country that would emerge as a global economic big hitter. The overwhelming impression that many first have when India comes to mind is the poverty that has dogged it for many years – and there is still a significant proportion of India’s population that lives below the “international poverty line”. There are still street children in India’s cities – but the poverty in this nation may yet be attenuated to some extent if the government of Manmohan Singh and his successors handles the continuing financial growth of this nation as they would hope to. One of the things that has previously held India back – its massive population, which some would dub overpopulation – is set to be at least partially beneficial, giving a very large workforce to a country which encourages foreign investment.

India’s huge and diverse landmass is also beneficial in economic terms, as it allows the country to spread its economy over a number of industries – agriculture is a major one, and the service industry even more so. India’s industrial sector, which includes major textile, chemical and steel industries, means that whether the world’s money is in construction, fashion or medicine, there will be a demand for what India is making and what it is exporting. Within the next decade the GDP per capita is likely to skyrocket – although how evenly this is distributed will be the focus of much attention.

Whether or not India finds a way of squaring the circle – its economic growth is attributed to its move towards a market-based economy, and may rule out a program of wealth distribution – it is still set to be one of the motors which drives global economic growth in the years to come. There is every chance that, once the final economic figures for the year are collated and calculated, India will have had growth of almost or more than 7% – making it a rare nation in a world where growth is still absent from most economies in the wake of the worst global recession for more than sixty years. Most forecasts suggest that in the middle of this century, India will overtake the United States in economic terms. Like we say, not what we might have expected a few years ago.