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You’re Not Crunched for Time, You’re Just Making These 8 Time-Management Mistakes

You might have a bit more time than you think. Here’s what is holding you back….

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A couple of weekends ago, I was asked to join a Zoom meeting. My immediate response, “I don’t have time for that.” The thing is, I could have squeezed the event into my schedule. I had to remind myself that, “No, I’m not crunched for time.”

Like most people, I only perceived that I had a limited supply of time. In reality, we all have the availability to cross items off our to-do list or enjoy our leisure time. However, you probably feel like you don’t because you’re putting unnecessary pressure on yourself.

In short, you aren’t really crunched for time. You’ve just tricked yourself into thinking that because of the following eight reasons.

1. You haven’t created and stuck to your time budget.

Your time, just like your finances, is a valuable resource that needs to be managed. If you don’t create and stick to your budget, then you won’t have enough time for what’s important to you. Even worse, you may end up putting yourself in debt.

For instance, if you work 60 hours per week, that means you won’t have as much downtime. That means you’re going to sacrifice quality time with your nearest and dearest. You may even be putting your health and wellbeing in jeopardy.

In short, a time budget as defined by Amanda Abella in a Calendar article is “a guideline that helps you spend your time the way you want to spend it.” Obviously, this also includes the things that you aren’t crazy about doing. But, the concept is that having a time budget will make it manage your time wisely and with more intention.

To get started, determine what matters to you in life. Often, this would be your relationships, health and career. Knowing this, you would spend your workweek only on activities that push you closer to your goals. And during your downtime, you would work out or spend time with your family.

How can you stick to your budget? A calendar app and boundaries are important because if you have an activity scheduled, it makes it easier to enforce boundaries.

2. You’re looking for control.

“When we say that someone ‘has more time’ than someone else, we do not mean that she has literally a twenty-fifth hour in her day,” notes Robert E. Goodin in Discretionary Time: A New Measure of Freedom. “Rather, we mean to say that she has fewer constraints and more choices in how she can choose to spend her time. She has more ‘autonomous control’ over her time,” he explains. 

Why’s this the case? Psychologist and behavioral scientist Susan Weinschenk believes it’s because “we equate having choices with having control.”

“Our survival instincts tell us that we’ll survive if we have control,” clarifies Weinschenk. “So it’s our powerful unconscious that keeps us seeking control, and it’s the desire for control that keeps us seeking choices.”

Related: The Best Entrepreneurs Know When to Lose Control

3. You believe in the myth of multitasking.

When I talk about multitasking, I’m not referring to mindless or mundane tasks that are taking place in the background. For example, you can fold your laundry or wash dishes while listening to a podcast. Another example would be going for a walk while talking on the phone.

Instead, the type of multitasking I’m referring to here tasks that require your complete attention. Case in point, it’s not effective to work on your taxes while simultaneously writing tomorrow’s meeting agenda. The reason for this is because the brain is set up to handle only one thing at a time.

It’s also been found that multitasking can slow you down, and because you’re more likely to make mistakes, multitasking can take you longer to complete tasks.

The solution? It’s pretty simple, actually. Do one thing at a time, aka single-tasking.

4. Fueling conflicts, not passion.

Research shows that those who are passionate and doing activities that matter aren’t as rushed and harried. The reason? It prevents inner conflicts.

“Employees lacking in passion said that their goals were competing with each other, fighting for time and attention,” explains Kira M. Newman, managing editor of Greater Good. However, passionate employees were different, viewing their goals as supporting each other. 

“Time pressure isn’t just about how enjoyable our activities are, but also how well they fit together in our heads,” adds Newman. 

How can you resolve this in your own life? Well, there’s no right or wrong way. But, you should definitely let go of the “have it all mentality.” Instead, schedule your priorities and activities that you enjoy and find fulfilling.

If you still feel overwhelmed, Stanford GSB professor Jennifer Aaker and her team found that there are two simple interventions that can help. The first is “to breathe so that each complete breath (inhale plus exhale) lasts 11 counts.” The second was reappraising anxiety as excitement, like saying “I am excited!”

Related: How to Pursue Your Passion and Reach Your Full Potential

5. You aren’t heading for the hills.

Have you ever run a marathon? If so, you definitely had to do some training, and you may have used something called the Fartlek approach.

It’s a Swedish term that means “speed play.” It’s a type of interval training where you alternate between fast segments and slow jogs in order to improve your speed and endurance. But, it’s also recommended that you add hills to your run.

What does this have to do with time management? Well, just like increasing your speed and strength, you also need to challenge yourself. For example, learning how to concentrate your focus of block out distractions. Both require discipline, practice, and a balance between sprints and breaks.

Of course, don’t just attack these hills. Gradually work your way up. After all, you don’t want to burn yourself out before entering the race, right?

6. Ask if you’d do it tomorrow.

Have you read Laura Vanderkam’s time management book Juliet’s School of Possibilities? If not, you should. It’s a solid read full of excellent advice. But, this is probably my favorite nugget of wisdom: The lead character informs a young consultant, Riley, that she only says “yes” to what she wants to do. “Most people, however, have a very vague sense of opportunity cost,” writes Vanderkam. “When someone asks you to do something far in the future, you might look at your calendar and see that it seems pretty open.”

But, she adds, this is actually a fallacy. The reason? Your future self is going to be just as busy as you currently are. “You’ll feel just as swamped, only now you’ll also have this other commitment competing for your time and energy (that you didn’t want to do in the first place).”

He suggests that you should ask yourself whether you’d be willing to do something tomorrow, knowing how busy you are now. If the answer is yes, then say yes. And if the answer is no, well, “that’s the best response for the future too. When you’re more judicious with your ‘yes,’ you can free up all kinds of space.”

7. You’re focused too much on the money.

You obviously need money to survive. And you kind of need it to engage in hobbies. At the same time, research from Sanford DeVoe of the University of Toronto and Jeffrey Pfeffer of Stanford found that those with higher-incomes feel more time-crunched.

As explained in The Economist; “Once hours are financially quantified, people worry more about wasting, saving or using them profitably. When economies grow and incomes rise, everyone’s time becomes more valuable. And the more valuable something becomes, the scarcer it seems.”

Moreover, DeVoe and Pfeffer found that just the perception of affluence can make you feel like you don’t have enough time. So, while you should certainly make a comfortable living, you also don’t need to be obsessed about it.

Related: Science Says Money Does Buy Happiness If You Spend It the Right Way

8. Being busy is a status symbol.

Via Overwhelmed: Work, Love, and Play When No One Has the Time: “Psychologists write of treating burned-out clients who can’t shake the notion that the busier you are, the more you are thought of as competent, smart, successful, admired and even envied.”

The fix here is to stop worrying about being productive 24/7. For some, that may be a strange concept. But, the fact is that you don’t need to maximize every moment of your day.

Instead, spend your valuable time on the people and projects that matter. Additionally, avoid falling into the busyness trap and just enjoy yourself. Remember, life is too short to work around the clock. Sometimes you just need to slow down and have a little fun.

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/dK85zbyVM-E/358983

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Penny Stocks To Buy For Under $1 On Robinhood

Are Penny Stocks Under $1 on Robinhood Worth It?

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April 15, 2021 6 min read

This story originally appeared on PennyStocks

3 Penny Stocks to Watch That Are Trading Higher Today

Many penny stocks have shown bullish action in April. While there are bad days in the market, investors seem hopeful about the future. Some of this can be attributed to recent positive updates about the pandemic. In the U.S., COVID cases have rapidly declined in the past month alone. This is in part due to the millions of vaccine doses that have been distributed.

According to the most recent data, 36% of the population has received at least one dose of a vaccine. Because of this, many believe that economic recovery could occur in the coming months. Additionally, factors like solid retail numbers and low unemployment, show that the future could be bright. As a result, many penny stocks are increasing in value.

If you are looking to invest in penny stocks, there are a few options. While you can buy stocks under $5 through many brokers, traders have recently turned to newer platforms. This includes those like Robinhood and WeBull. In the past, buying and selling stocks was a rather tedious process for non-institutional investors. However, the rise of easy-to-use brokers and social platforms like Reddit has increased the number of retail traders out there.

And while these platforms are easy to use, they often won’t allow access to OTC or over-the-counter markets. This is where a large portion of penny stocks reside. While finding stocks under $1 can be challenging on Robinhood, there are plenty of them out there to take a closer look at.

[Read More] 4 Reddit Penny Stocks to Watch Before the End of the Month

Before you dive headfirst into penny stocks, it’s worth noting that they can be more volatile than blue chips. While it depends on the sector, in general, stocks under $5 and especially those under $1 can carry a high-risk profile. That being said, there are lots of penny stocks to watch in April 2021. With this in mind, here are three that posted large movements on April 15th.

Penny Stocks To Buy For Under $1

ToughBuilt Industries Inc.

ToughBuilt Industries is a company that has been trading heavily off of speculation in the past few days. Before we get into why; let’s talk about what the company does. ToughBuilt is a manufacturer of home improvement items and construction-related products. It offers everything from tool belts and tool bags to storage solutions, saws, and more. On March 26th, the company released an update that most likely affected its intraday trading volume.

This update came as ToughBuilt released its fiscal 2020 results. In the results, TBLT announced revenue growth of 106% to $39.4 million. Additionally, its gross profit shot up by 162% to $14.7 million. This is compared to $5.6 million in the previous year. Both of these numbers represent sizable gains and show that fundamentals might actually be driving its recent price action.

“ToughBuilt has demonstrated strong fundamentals based on execution team, customer relationships, balance sheet, commitment to research and development and continued customer service.”

CEO of ToughBuilt, Michael Panosian

This year, Toughbuilt is focusing on building out its product lines as well as its global distribution. It aims to offer a wider range of products as well as new and innovative equipment.

Despite TBLT falling in value on April 15th, this balance sheet could have larger implications for the long term. It’s common to see a stock either move up or down very quickly on the day of a balance sheet release. Because its numbers are quite good, TBLT stock could be worth watching in the coming days.

Penny_Stocks_to_Watch_ToughBuilt_Industries_TBLT_Stock_ChartGreat Panther Mining Ltd.

If you’ve invested in the market in 2021, you’ve probably seen the solid performance of the mining industry. During that time, many mining penny stocks like GPL, have jumped up in value.

One of the driving factors of this is the increasing prices of gold and silver. Because of fears of long-term inflation, investors have turned to safe-haven assets like precious metals. This includes gold and silver. As we turn the corner in April, many mining stocks are continuing to carry this momentum.

Great Panther Mining is a perfect example of the solid momentum with mining stocks right now. GPL operates as a mining and exploration company based out of Canada. It explores and mines gold, silver, lead, copper, and zinc ores at its facilities. While it does mine non-precious metals, its main focus is on gold and silver. Because of this, it’s no surprise that shares of GPL have increased alongside the precious metals industry.

[Read More] Penny Stocks and the Coinbase IPO: What Cryptocurrency Has to Do With Small-Cap Stocks

On April 13th, Great Panther reported its first-quarter 2021 production results. In the report, GPL showed solid growth in its mining operations. It also engaged in several big advancements which allowed it to mostly avoid pandemic-related losses. With these results, Great Panther is on track to meet its proposed guidance for 2021.

While production numbers were low in the first quarter of the year, this was all a part of its roadmap. The company states that “The first quarter was planned to be a low production quarter due to heavy stripping. Production is expected to ramp up quarter-over-quarter for the remainder of the year as mining progresses into sectors with lower strip ratios.”

When this was announced, shares of GPL spiked higher during intraday trading. While it did pull back slightly, this seems to be the result of a natural correction. On April 15th, GPL began to see positive momentum once again. During the trading day, GPL shot up by almost 3% to $0.79 per share. With this exciting news in mind, is GPL stock worth watching?

Penny_Stocks_to_Watch_Great_Panther_Mining_Limited_GPL_Stock_ChartCastor Maritime Inc.

Castor Maritime is a shipping company that works with dry bulk cargoes. This includes everything from flour to building materials and more. During the pandemic, companies like Castor have increased greatly in popularity. However, its recent momentum can be attributed to three factors in particular.

First, on April 5th, it announced the pricing of a $125 million registered direct offering. It will be issuing 192.3 million common shares at $0.65 per share. This is always exciting as it helps to bring in new capital for potential business expansion. Additionally, it can help to make investors feel more comfortable with a company’s balance sheet.

Second, on April 9th, Castor announced that it had acquired a 2011 Japanese-built Panamax dry bulk carrier vessel from a third party for $18.48 million. This is big news for the company as it shows it is expanding its fleet. The company is currently focused on bringing in as much business as possible. This is where the ship acquisition comes in.

Lastly, on April 14th, Castor announced deliveries of the M/V Magic Twilight and M/V Magic Thunder. These are two Korean and Japanese-built dry bulk carriers. Again, this will help to boost its fleet count as well as its carrying capacity. While these updates may seem small, they provide solid insight into what Castor is doing right now. Considering this, is CTRM worth watching?

Penny Stocks to Watch Castor Maritime (CTRM Stock Chart)

[Read More] 4 Penny Stocks On Robinhood To Buy Under $1; 50%-270% Price Targets

If you are looking to invest in penny stocks, there are a few options. While you can buy stocks under $5 through many brokers, traders have recently turned to newer platforms. This includes those like Robinhood and WeBull. In the past, buying and selling stocks was a rather tedious process for non-institutional investors. However, the rise of easy-to-use brokers and social platforms like Reddit has increased the number of retail traders out there.

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/oEVfyBd5nrE/369549

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Stan Lee, superheroes and the weaknesses of the entrepreneur

He was the legendary creator of some of the most iconic characters in pop culture, including Spider-Man and the Hulk. What can we learn from them? To love our weaknesses …

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He was the legendary creator of some of the most iconic characters in pop culture, including Spider-Man and the Hulk. What can we learn from them? To love our weaknesses …

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This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.

Of the many phrases, stories and lessons that Stan Lee left us, there is one that seems particularly valuable to me: “If Achilles had not had his heel, perhaps today we would not even know him.” The phrase reveals the value of our weaknesses, those aspects of our body or personality that make us vulnerable.

Although we normally wear them hidden, we all have them. We don’t talk about them. Better we show our strengths: we boast of what we are capable of doing well, of our gifts, of our attributes.

Of our superpowers.

Weaknesses and defects remain in the shadows as we walk through the corridors of offices and corporations, hoping that others will never perceive them. The worst thing is that sometimes, we ourselves refuse to see our flaws . We pretend they don’t exist and we obsess over showing ourselves always infallible, indestructible, like superheroes.

But just like Achilles, with that vulnerability from the day his mother grabbed him by the heel and then submerged him in the cold waters of the River Styx, wishing he were invincible, so we too have aspects that make us weak. Rather than shy away from them, we must recognize them, work on them and accept that they are part of our personality and that they contribute to making us unique and different.

THE CHARM OF WEAKNESSES

In 1954 Stan Lee was already working as an editor at Atlas Comics (a company that would later change its name to Marvel Comics). After having lived through its golden age during World War II, comics were going through a bad time: that same year the Authority of the Comics Code was created in the United States that sought to regulate the content of this type of publications because it considered them too violent and an incentive to juvenile delinquency. Hand-tied, the writers struggled to create products that would captivate young readers, and the publisher was basically betting on romantic or old-western comics.

Tired of the situation, Stan Lee confessed to his wife Joan that he was about to resign. She said to him: “Before you quit, why don’t you make a story like you would like it to be? The worst thing that could happen is getting fired, right? Anyway, you were thinking of quitting … “

His wife’s advice coincided with the appearance of the Justice League in the competing publisher (National Comics Publications, later to become DC Comics) and with the request of Atlas owner Martin Goodman to think about a cartoon starring a group of superheroes.

Stan Lee then wrote the first Fantastic Four story and gave his characters what would make them different: weaknesses, complexes, problems and insecurities.

Reed Richards was that scientist gifted with great intelligence, but who lived with a brutal feeling of guilt for having caused irreparable harm to his friends on that mission to space; Ben Grimm was transformed into a monstrous and very strong being of orange rock abandoned by his fiancée due to his horrifying appearance; Johnny was the teenager with superpowers, too immature to understand them and more busy racing cars and dating girls than defending the world from a villain; Sue Storm was trying to keep the team together and her marriage to Reed alive, despite her doubts.

The comic was a huge success, and Goodman allowed Stan Lee to continue experimenting with flawed characters. The Fantastic Four was followed by the Hulk , the story of that man doomed to turn into a green monster with an uncontrollable power of destruction every time he got angry. Then Spider-Man , a frail and insecure teenager who acquired his powers from being bitten by a spider. The young man was bullied by his classmates, he had to pay for his studies by working as a reporter and also, he did not know how to approach the girl he liked. Later, with the X-Men , Stan Lee addressed the issue of minorities through the social rejection that people with genetic alterations suffered.

Like the superheroes of the golden age of comics, Stan Lee’s characters were strong and powerful, loaded with incredible abilities, but what made them truly different and charming were their flaws, problems, and fallibility. That and the way in which they managed to, despite everything, get ahead …

THE INCREDIBLE STORY

Both in life and in entrepreneurship, our biggest obstacle will always be ourselves. Our ideas, our fears and our complexes could prevent us from reaching the potential that we truly have. To the extent that we accept that, like the characters imagined by Stan Lee, we are fallible, erratic and weak beings, we will have the possibility to improve ourselves.

Just as we are captivated by the story of that teenager who loses his uncle at the hands of a criminal that he himself could have arrested and then begins to use his powers to fight crime, so too could our own story captivate us. The one that narrates the path of beings willing to get ahead despite adversity and doubts in a complex environment in which the only way to win is to work tirelessly from dawn to dusk, believing in the superpower that ideals and goals have. dreams

That story of superheroes, of ourselves, of our weaknesses transformed into strengths. But above all: of our undertaking.

Although we normally wear them hidden, we all have them. We don’t talk about them. Better we show our strengths: we boast of what we are capable of doing well, of our gifts, of our attributes.

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/LOcGn3pVKFY/368999

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How Cultural Changes in the Workplace Can Grow Your Business

Does your business culture support and leverage demographic, cultural, and experiential differences? If not, find out how you can begin to do so and grow your business.

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Does your business culture support and leverage demographic, cultural, and experiential differences? If not, find out how you can begin to do so and grow your business.

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February 16, 2017 7 min read

Opinions expressed by Entrepreneur contributors are their own.

The following excerpt is from Glenn Llopis’s book The Innovation Mentality. Buy it now from Amazon | Barnes & Noble or click here to buy it directly from us and SAVE 60% on this book when you use code LEAD2021 through 4/10/21.

The Cultural Demographic Shift (CDS) is driving the fastest-growing part of our U.S. workforce, and shift populations represent the largest segments of America’s potential purchasing power. But they also represent some of the fastest-growing demographics of business owners in the U.S. You want them to be your customers, but they’re also fast becoming your competitors.

Related: What Magic Johnson Can Teach You About the Advantages of Cultural Demographic Shifts

Shift populations, like immigrants, have been compelled to use the innovation mentality to see opportunity and embrace an entrepreneurial spirit. This is part of the reason why black women are the fastest-growing group of entrepreneurs in the U.S. (up more than 322 percent from 1997 to 2015 according to the “2015 State of Women-Owned Businesses Report” commissioned by American Express Open) and why the number of Hispanic-owned businesses grew 15 times faster than other U.S. businesses (or at a rate of 7.5 percent from 2012 to 2015, according to a study by the consulting firm Geoscape and the U.S. Hispanic Chamber of Commerce).

Those shift population businesses present opportunities to reach the populations a business doesn’t have the talent internally to connect with. That’s how we come up with the three most visible areas where the CDS has created immediate and obvious opportunities for growth:

  • Workplace/workforce
  • External partnerships
  • Marketplace/consumers

Solve for the gaps in these three areas using the six characteristics of the innovation mentality, and you solve for high-performance teams through diversity of thought; authentic workplace cultures whose values are defined by individuals who are encouraged to breed continuous innovation; and intellectual capital and know-how previously unseen that enables the full potential in people. All this results in an intimate engagement that maximizes the full potential of people who are your employees and your customers. That’s sustainable ROI!

So ask yourself: “Does your workplace culture support demographic, cultural and experiential differences and leverage them in these three areas?” Probably not. Most current leadership in the U.S. is woefully unprepared or unwilling to see the opportunity gaps, let alone invest in them. Unfortunately, American corporations see all this activity as an initiative (cost center) and will see the CDS as the last remaining true growth opportunity (profit center) only when Latin America and other international regions begin seizing the previously unseen opportunities because they had the vision to see it first.

Related: 4 Steps to Profiting from the Cultural Demographic Shift

Solving for workplace/workforce

Do you celebrate differences and individuality in your workplace? Or are you like the hundreds of companies I’ve worked with that have said something similar to what senior executives from a major investment-banking firm told me: “Today, we’re afraid for the future of our business because our employees don’t relate with our emerging global client base. Many of our new competitors are now owned and operated by Indians, Asians, African-Americans and Hispanics. We continue to lose key diverse members of our workforce to these same competitors because we lack the cultural intelligence to keep them.”

Remember, you can’t develop this cultural intelligence, let alone define your business platform, unless you have leaders who own the experiences and influence their cultures can bring to how they think, act and are motivated to perform. This is part of their leadership identity. That’s why it’s important for you and your managers to spend time defining your personal brand value propositions and leadership identities.

When you’re in evolution mode, you have to create your own platforms. Otherwise you just keep substituting, which is exactly what workplace programs like Employee Resource Groups do. ERGs are growing initiatives in corporations as the CDS has required new, diverse talent in management, director level and senior executive management roles. I used to think ERGs could play this role and have a purpose beyond events, social aspects and focus groups that usually define what they do at most companies — in a strictly voluntary capacity, mind you. But I realized that they almost always have no real strategic value. They’re just initiatives. Even when they have hundreds of members, only a small percentage of ERGs are active. It’s difficult to recruit new members when these volunteer groups are not incentivized or properly invested in. And why should people participate when no one in senior leadership is active or sees any real strategic value in them, other than as initiatives that exist solely to check off another box on the “compliance” list.

That’s irresponsible. ERGs and workplace groups like them have value only if they matter and have quantitative influence — and that happens at such a small percentage of companies, it’s almost statistically irrelevant. Until then, ERGs will likely make an organization more divisive until that organization can recognize the value that comes from different types of people. Which is why, like job descriptions, I believe they should be eliminated until organizations clearly define what their ERGs are solving for. Before it makes sense to reinstitute ERGs, organizations should view these groups as profit centers not cost centers, pay active members a small bonus to remain active and quantifiably contribute to business growth. Without that, ERGs will continue to play the role of “diversity checkboxes” that unknowingly create more tension and widen engagement gaps among their members.

So what’s the solution? Instead of large groups of inactive members, I’d rather see small “idea labs” led by subject matter experts who serve as examples of how their unique differences cultivate innovation and initiative. You can’t come into the group unless you’re a subject matter expert or have a desire to be one, because as experts, you know what you can solve for, see the opportunity gaps and identify them quickly to build a plan around them. This group and its plan then serve as examples of how their unique differences cultivate tangible change and growth that impact the bottom line.

Related: 6 Characteristics of an Innovative Leader

That’s how ERGs become smarter about defining what they’re ultimately trying to accomplish for themselves and the business, and then create a metric to enforce accountability to assure their objectives are being measured and attained. ERGs must view themselves as formidable advancement platforms for talent and market development activity. They must be focused on defining a value proposition that is more strategically aligned to seeing and seizing business innovation and growth opportunities that are directly related to a person’s cultural, gender, sexual-orientation and societal identity. They must be more forceful and encourage different points of view and perspectives that translate into solutions to meet corporate growth objectives and initiatives across channels, brands and business units. Until then, they will do little to alleviate the fact that the changing face of America is being met with tremendous resistance. That’s how and why the “old guard” remains uncomfortable with the CDS; it still represents uncertainty and change for those who are uninformed about what diversity means to enabling business growth, which brings us to external partnerships.

Did you enjoy your book preview? Click here to grab a copy today—now 60% off when you use code LEAD2021 through 4/10/21.

Source: http://feedproxy.google.com/~r/entrepreneur/latest/~3/-IJAcjxdkXI/288144

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