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The Who What Where When & Why of Startups
Essentially, startups form because a group of rebels are fueled to the brim by enthusiasm, innovation and passion about their ideas and products. Sadly, those assets are not enough though. Without the resources, infrastructure, and / or the knowledge to develop it on their own, it’s very likely to go supernova before it ever develops a comfortable orbit. Mentoring is a core part of running a successful startup.
Too many startups are unable to move from the ‘pitch’ phase into the ‘construction’ phase and are lost as a result. Having a reliable sounding board to provide practical advice is one way to be smart about the startup process. In fact, many statistics show that startups with mentors are 90% more likely to succeed. The secret sauce, of course, is to find a mentor with the right expertise in your vertical, the bench strength in management and the powerful connections and relationships to accelerate the success. Expertise from a seasoned veteran can make all the difference.
Successful startup mentors start at the bottom with the companies and are strongly integrated into the vision and process. It’s natural to want to create your own spin on the product or add outside value from the get-go, but everyone on the team has to fully understand the project in its most basic form before moving forward. If they see the vision and the possibilities, the right mentor could come in at any time.
Every product is designed to address a problem, so you’ll need a deep understanding of both the cause, or problem, and effect, or product. With broad understanding and a level head, a mentor may have to deliver some harsh news, but it’s always for the good of the cause. As a mentor, it’s not your pride and joy on the line, it’s someone else’s success – their baby. So while any criticism must be delivered tactfully, it’s also important to remember that the project needs your guiding voice, no matter which direction it leads
Entrepreneurs and mentors have to create a solid bond and trusting connection if their relationship is going to thrive for the success of the endeavor. The mentor has to be knowledgeable, rational, and tactful – and the entrepreneur has to be willing to be mentored – to NOT have all the answers. Passion and drive only go so far when starting a business, and in order to learn from a trusted coach and successfully implement the ideas and changes discussed, the startup needs to be flexible and accept the information that’s given. Getting a business of the ground is difficult, but with hard work, positive thinking, and reliable advice from the right mentor, it is definitely possible – and far more probable than going it alone.
Until next time,
Kelli Richards
CEO of The All Access Group, LLC
PS, The right mentor will also have the right CONNECTIONS to move any effort forward. Be sure to ask who they think they can bring to the table around advisorship, possible collaboration and even funding.
4 Steps to Ace an Early-Adopter Culture
In this era of rapid innovation, a new technological breakthrough can shake an entire industry in an afternoon, and consumers are hungry for the most advanced gadgets available. Businesses are constantly expected to be at the forefront of emerging technology.
When Corning’s “A Day Made of Glass” video series went viral in 2011, the company leaped in the spotlight. In the process, consumers and businesses alike found themselves considering the company’s role as an innovator in specialty-glass technology for a wide range of uses.
For consumers, the roles of early adopter and a thought leader often become intertwined. Customers tend to gravitate toward companies that can speak credibly about new technologies and apply them to product development and business processes.
Related: Why Every Employee Needs to Be Part of Your Tech Team
Being at the forefront of emerging trends will make your business more sought after by the media as an authority within your industry sector and your staff will be viewed as capable of speaking with intelligence about the latest developments’ impact on your niche or sector.
But being an early adopter doesn’t come naturally to every business — nor can it be achieved overnight. Creating a culture of early adoption and keeping your business ahead of the curve requires a change in mindset at the leadership level. To grow a thriving business on the bleeding edge, savvy leaders would be wise to take some of the following steps:
1. Make the latest tools available to employees. Having the latest gadgets available for staffers to play with encourages a culture of innovation, experimentation and evangelism. It gets employees thinking about how new technology can be used and it encourages a cross-pollination of ideas. For example, when Google Glass was released, forward-thinking businesses made the product available for their employees to try and discuss.
Related: How to Motivate Creative Employees
2. Encourage team members to engage with new technologies. For its own part, Google requires its employees to take days off to simply experiment with the latest technologies and test ideas. Ensure that your employees engage with the latest from Silicon Valley by asking them to take an hour from their workday to acclimate themselves with a gadget or tool. Or have an employee do a presentation summarizing the applications of a new device so your team can focus on its possible impact on your industry.
3. Create incentives and reward innovators. Give your employees a reason to keep up with tech news and drive innovation by rewarding those who do so. Grant the employee who discovered and implemented a new task-management platform a paid day off. Reward the staffer who forwarded the latest news to the rest of your team with a free lunch.
4. Lead with an early-adopter spirit. Cultivate a company mindset of curiosity by being a leader who embraces change and risk in the name of progress and cutting-edge disruption. Starbucks CEO Howard Schultz revealed his hunger for innovation when he invested $25 million in Square — a startup few knew about at the time. What seemed like a risky and questionable move to some ultimately paid off. Through collaboration with Square, Starbucks now accepts mobile payments globally, paving the way for other companies hopting to implement mobile-payment systems in their operations.
The pace of technological change is faster than ever before and businesses that wait too long to embrace innovation can easily be deemed irrelevant by consumers. Instead, infuse the early-adopter mindset throughout your company’s culture — and you may well end up being celebrated as a forward-thinking visionary within your industry.
Until next time,
Kelli Richards, President, CEO of the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
4 Tech Dinosaurs That Will Finally Die in 2015
In recent years, technology has changed the way we view work, entertainment, media, and even our workout habits. While most people are focused on what’s next for wearables, cloud computing, and syncing gadgets, few have taken the time to consider the tech we’re going to be sending into retirement in the coming years.
Here are the tech trends that are coming to an end in 2015.
1. The Revolution Will Not Be Televised
With cable-cutters everywhere, cable and satellite providers across the country are scrambling to lock consumers into their tiered contracts. Millennials, however, aren’t as attached to their TV sets as older generations. Netflix, Hulu, Apple, and Amazon already provide great streaming options, while cable favorites like HBO and ESPN are moving to mobile devices.
By 2015, content providers will have much more control than cable companies. Cable companies won’t go down without a fight, though — the majority of them also provide digital cable, DVR, and Internet services. However, with lightning-fast Google Fiber expanding into more major cities, it’s only a matter of time before these services will need an upgrade, too.
2. Home Entertainment Is Entering a New Dimension
Your television set won’t end up a nostalgic antique like your grandfather’s eight-track cassette player, but the TV industry is upping the ante in the age of high definition.
- While Nintendo focuses on integrating its content into mobile platforms, Sony and Microsoft are pushing forward with ways of integrating their gaming consoles into your entire home, allowing for interactive entertainment options we’ve never seen before.
- Glasses-free 3D and curved screens are changing the way studios create and release both theatrical and home content.
- Set-top boxes and streaming options by Apple, Google, and Roku even further blur the line between our TVs and computers. By 2015, there will be little (if any) difference between your television set, mobile phone, and computer as cloud computing creates a seamless web experience.
3. Call Somebody Who Cares
Millennials have come of age with cell phones. Gone are the days when you couldn’t get reception unless you were directly underneath a cell tower. These days, landlines are used strictly for emergencies such as Hurricane Sandy, and most are Internet-based VoIP services.
The days of Ma Bell and her Baby Bells are a distant memory, as those former communications giants struggle to maintain the outdated infrastructure of their phone lines. Cell phones are as likely to drop a call as a landline, and less than 10 percent of households in the country have only a landline phone. As current generations age, landline telephones will disappear altogether.
4. Goodbye, Gutenberg
When Johannes Gutenberg invented the printing press, the machine made it possible to put magazines on every shelf, books on every desk, newspapers on every porch, and Bibles in every hotel nightstand.
We all know the newspaper and magazine industries are struggling, but 2014 looks to be the year when we drive the final nail in the coffin and bury these struggling industries for good. After J.K. Rowling authorized the release of the Harry Potter series on Amazon’s Kindle, the publishing industry essentially crumbled. Major magazines and newspapers started shutting down, and the only holdouts seemed to be textbook publishers.
Apple took this market by convincing McGraw-Hill, Pearson Education, and Houghton Mifflin Harcourt to create iBook textbooks to integrate the iPad into schools, while Dynamic Books allows instructors to create customized textbook content for their SMART Boards.
It’s not just books, either. The whole world has gone paperless. Your tablet and smartphone allow you to travel without a boarding pass, publish your own e-books, attend concerts without a ticket, and even pay without cash, a credit card, or coupons. Gutenberg must be rolling over in his grave.
Much like video killed the radio star, the Internet is demolishing them both. Every innovation we come up with disrupts another. Nobody knows where we’ll be in 2015, but I’m sure we’ll have our smartphones in hand, ready to check in on Foursquare to prove it.
A highly sought-after consultant, mentor, speaker, producer, coach, and author, Kelli Richards is the CEO of The All Access Group. She and her team facilitate strategic business opportunities in digital distribution between technology companies, established artists and celebrities, film studios, record labels, and consumer brand companies in order to foster new revenue streams and deliver compelling consumer experiences. Kelli is also the author of the bestselling e-book, “The Magic & Moxie of Apple — An Insider’s View.”
Until next time,
Kelli Richards, President, CEO of the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
How to Vet a Crowded Industry for Hidden Innovation Opportunities
Few people look at a thermostat and think, “Now there’s an exciting business opportunity!”
As a device, it’s a boring commodity — a relic of a stagnant, saturated market. So why did the co-founders of Nest decide to build a multimillion-dollar company around the reinvention of the thermostat?
Where others saw an industry that offered no room for new ideas, Tony Fadell and Matt Rogers saw potential. Most of the 10 million thermostats sold every year throughout the U.S. were clunky, inefficient, and impossible to program, but a simple, Wi-Fi-enabled device that could be programmed via a smartphone — that could be a game changer. Fadell and Rogers saw this opportunity, left their jobs at Apple, and got to work.
Within just three years of unveiling the Nest Learning Thermostat, the company has reduced energy usage across the U.S. and Canada by at least 225 million kilowatt-hours. They’ve saved consumers more than $29 million in heating and cooling bills. And earlier this year, Google bought Nest for $3.2 billion in cash.
What gave Fadell and Rogers the confidence to dive into an overcrowded market? They saw room for innovation. Here’s how you can see through the crowd to the opportunity.
How to Vet a Crowded Industry
When a market has a reputation of being fully saturated or crowded, many potential entrants will steer clear without a second thought. But popular perception isn’t always reality. Though it may not be immediately obvious, there’s often room for innovation and more than one player in the most stagnant of industries.
If you’ve got an idea that you think could disrupt a crowded market, it’s critical that you vet the industry before launching.
Do your homework. Who are the key players in the industry? What are their strengths and weaknesses? A comprehensive understanding of the competitive landscape is vital for determining your strategy.
Clarify your value-add. What makes your idea different? Are you cheaper, faster, better, or more innovative than everyone else? You can’t survive in a saturated industry without clearly being different and better.
Know your customer.Are consumers satisfied with the current market? If your product or idea can effectively address unmet needs and pain points, you’ll be able to capture significant market share.
Position yourself as a trailblazer. People aren’t expecting innovation in a stagnant market. Find the gap by researching industry trends, then stake a bold claim as the “next big thing.”
Prepare for scale.When you unveil a great idea on a commodity market, you have to be ready to handle a sudden wave of demand. Had Nest not been able to keep up with the brisk pace of adoption, the company would have tanked. They were prepared, though, and rode the wave all the way to a multibillion-dollar acquisition in a relatively short period of time based on mass adoption by consumers.
Surviving the Changes in Your Industry
Once you’ve made the leap into the market, you need to be proactive to survive your industry’s lifecycle changes. Achieve the following, and you’ll not only keep your head above water — you’ll thrive.
- Stay up to speed on the latest trends and technologies. That way, you can remain nimble and capable of edging out competitors.
- Get the word out. Make sure customers know about you — and know that your solution is superior.
- Make sure you offer the best possible customer experience. You’ll garner loyalty and brand equity, and you’ll reduce the churn factor.
- Optimize key elements: pricing, service, process, and customer satisfaction. Piece these components together in a way that tells a compelling brand story to attract your target audience.
- Always strive to stand out from the crowd through your marketing, products, and customer experience. When you delight your customers, they’ll become brand advocates and stay with you in the long run.
A Matter of Perception
When an industry undergoes a fundamental transformation, many people wrongly assume it’s vanishing forever.
Consider the entertainment industry, for example. Just 15 years ago, film studios, record labels, and media distributors believed that file-sharing technology would ruin their entire livelihood. Those who were stuck in their ways wanted to put an end to the technology.
Savvy, forward-thinking tech entrepreneurs, on the other hand, saw an opportunity to pioneer change. While everyone else was lamenting the death of entertainment, they harnessed the disruptive power of technology to meet market needs.
Now, decision makers in the industry are embracing next-generation distribution technology because it enables them to reach global audiences and create new revenue streams.
It takes a keen eye and a great idea to capitalize on lifecycle changes in a crowded market. The risks, however, are often a matter of perception. By seeing potential where others don’t, you can access a world of opportunity and profits.
A highly sought-after consultant, mentor, speaker, producer, coach, and author, Kelli Richards is the CEO of The All Access Group. She and her team facilitate strategic business opportunities in digital distribution between technology companies, established artists and celebrities, film studios, record labels, and consumer brand companies in order to foster new revenue streams and deliver compelling consumer experiences. Kelli is also the author of the bestselling e-book, “The Magic & Moxie of Apple — An Insider’s View.”
Until next time,
Kelli Richards, President, CEO of the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
5 Unlikely Music Legends With Great Advice for Entrepreneurs
As an entrepreneur, it’s important to keep your ears open for helpful advice — especially when you’re new to the game.
We usually expect business wisdom to come from the likes of Mark Cuban, Elon Musk, and Warren Buffett — not Jimmy Buffett. But there are a few big names in entertainment who would surprise you with their entrepreneurial spirit and business acumen.
1. Jimmy Buffett
The man behind boozy classics such as “Margaritaville” and “Cheeseburger in Paradise” knows a little something about entrepreneurship.
Beyond his successful career in music, Buffett runs a record label, a merchandising company, the Margaritaville brand of chain stores, restaurants, blenders, tequila, and more.
He’s a successful entrepreneur because he hires talented people, can see the potential in important opportunities, and lives by solid values that go back to his roots.
Take it from Jimmy: “You’ve got to be able to take money out of the equation in order to enjoy life and make good decisions. Years ago, I went to Warren Buffett for advice about something, and that’s what he told me. He said, ‘Whether you make or don’t make this deal, is it going to affect your life? And if not, then do what you want to do, and be prepared for them to say no.’ I’ve used that quite a bit.”
2. Troy Carter
Troy Carter is the manager who helped build the careers of musical sensations including Lady Gaga and John Legend.
What you might not know is that he’s a tech investor in ventures like Spotify, Uber, and Dropbox, as well as the entrepreneur behind POPwater and several other companies.
Carter’s ability to stay present helps him make clear and logical decisions in the midst of chaos, keep the big picture in mind, and avoid getting flustered when things don’t go as planned.
Take it from Troy: “Money doesn’t make me tick. This definition of success doesn’t make me tick. Managing some of the biggest stars in the world doesn’t make me tick. Making my family proud makes me tick.”
3. Pharrell Williams
Pharrell Williams is a renowned hip-hop, R&B, and soul musician, but he also designs clothing and chairs, dabbles in sculpture and architecture, invests in tech startups, mentors kids, and is a philanthropist.
Williams is successful because he surrounds himself with people who recognize that they’re different, and he understands the importance of collaboration, learning from others, and taking constructive criticism.
Take it from Pharrell: “You are only as good as your team. When you envisage success, you should see all the people you work with, in addition to yourself…I used to hire 21-year-old monsters with a twinkle in their eye. I saw potential, but it was what I thought they could do, not what they could actually do…When you surround yourself with people with experience…A lot of them are gonna be older than you. When they vet people, they need to see more than twinkles; they need sparks.”
4. Dave Stewart
Dave Stewart is a musician best known for his work with the Eurythmics.
He now serves as an advisor to Visa and Nokia and is the CEO of the massively successful media company Weapons of Mass Entertainment. He’s also the co-founder of First Artist Ventures and the author of the entrepreneurial guidebook “Business Playground: Where Creativity and Commerce Collide.”
Stewart embraces and rewards creativity, understanding that it’s essential for a business to stand out in a crowded market. He also knows how to ask the right questions and when to seek different perspectives from trustworthy people.
Take it from Dave: “A creative culture is one in which people aren’t just rewarded for successes, but are allowed and actively encouraged to experiment and make mistakes.
“The perfect brainstorm removes the barriers to creativity by letting all ideas come out without the judgment and criticism that might otherwise kill them. It also involves having clear parameters, including a mix of people from different backgrounds, and setting high expectations for performance.”
5. Sammy Hagar
Also known as “The Red Rocker,” Sammy Hagar is a singer/songwriter and the musician best known as a member of Van Halen.
Hagar also owns a popular chain of nightclubs and restaurants called Cabo Wabo, a chain of airport restaurants, a restaurant with celeb chef Tyler Florence, and a tequila company.
While it might seem like a leap for a rocker to run a chain of restaurants, Hagar is successful because he follows his intuition, looks for new opportunities, finds the right people to run his businesses, and has fun.
Take it from Sammy: “Before I made it as a rocker, I had a lot of executives tell me what to do to make it, and I never listened to them. I did it my way…I like owning and operating a business. It’s as creative as stepping on stage or making a record. I’ve never started a business thinking, ‘Oh, I’m gonna make money off of this.’ All my ideas have come from sheer enthusiasm.”
While you probably shouldn’t take all your business advice from music legends, there are some common lessons that transcend industries:
- Surround yourself with great people.
- Explore potential opportunities that challenge you.
- Don’t make money the first priority.
- Always trust your gut.
Sometimes, the best advice comes from unexpected sources. Another lesson you can learn from these individuals is that you don’t necessarily have to start in business to build great companies. It’s just a matter of listening to your inner entrepreneur and seizing opportunities that excite you.
Which unlikely individuals have given you the best advice on entrepreneurship? What was their advice?
Until next time,
Kelli Richards, President, CEO of the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
PSS: Listen to an entire library of intimate discussions with industry visionarieshttps://bit.ly/AllAccessPodcastSeries (Priceless)
Two Steps to Creating Collaborations and One to Surviving When they Go Wrong.
Today I had the privilege of interviewing Ian Miller. Ian is an expert brand and marketing strategist with 30 years of experience building hugely competitive brands and the CEO and Founder of The Brand Practice, a business and brand strategy consultancy. A recognized expert / lecturer in Ingredient Branding, Ian Miller has led the creation and global launch of the ingredient brand, NutraSweet, and worked closely with over 50 partner brands, including Diet Coke and Diet Pepsi – creating great synergy and collaboration around the business world.
One of the most important questions I got to ask Ian was about the subject of collaboration – something near and dear to my heart, as a consultant in the music and digital arenas and as a coach. Today, I wanted to go over the two largest pitfalls of being involved in collaborations that just don’t work and what we do to get out of them.
1. Imbalance. One of the greatest pitfalls of any collaboration is that it is not reciprocal. There’s no win / win – just hard work for one party and limited rewards for the other. The truth is that any collaboration can only succeed if all the parties involved are givers AND takers. If any one party involved has nothing to offer, they’re simply a drain on the whole. Be sure that all parties invited into any project are clear about their deliverables – even if it’s just to bring a creative edge to the process – and that nobody is “dead weight” in the group, just along for the ride.
2. End Game. Another pitfall to successfully working with other artists, mentors or business alliances is that we are simply NOT all cut from the same cloth. We don’t all have the same work ethic or goals – just ask Beyonce about the original Destiny’s Child members. BEFORE any collaboration goes wrong, in fact, before it even gets started, you have to be very honest with everyone involved. Before you set out on any journey you must know that what is obvious to you may look like murky waters to the people you’re working with. In addition to making sure you have the right team (number one, above), definitely take the time to carefully go over the goals and endgame of the project.
3. What to do when it goes wrong? No matter how great the team, sometimes things start out fine but go way off course along the way. Before you jump overboard, step back and measure what you can do to salvage your part – to bring the best you can to the project. It might not be great, but it’s possible that showing up for your part of the work – to preserve your future relationship with the other artists or parties involved – might be the best solution.
Collaborations are definitely NOT easy, but they are worth it. The bottom line is that we are in the people business, and tapping into that most important resource – the HUMAN resource is an important part of our industry. So DO collaborate. Take the risk. But no matter how “big” the names and other parties are, be sure to keep it simple, to keep your goals clear and to have definite accountability for every collaborator, every step of the way. If you do, the rewards can be well worth it.
Kelli Richards
CEO of The All Access Group
You can sign up for an advance copy of my ebook at https://allaccessgroup.com/services/ (just click ebooks when you get the confirmation).
5 Tools Every Entrepreneur Needs in 2014
Entrepreneurs must be practical experts, according to author and leadership expert Simon Sinek. A new business owner needs to specialize in his craft, as well as marketing, graphic design, and plant maintenance. He sweeps, writes press releases, and keeps the books. An entrepreneur is everything to everyone. Juggling so many jobs can be a huge task, but happily there are new tools and tech to get you through it without losing your mind.
Getting Started
Most lenders and investors will not give you a second look without a business plan. It is the guide to your business. It is proof that the owner has thought out all of the opportunities and threats to the business and placed a monetary value on each. The U.S. Small Business Administration offers numerous resources for entrepreneurs to develop a business plan that will stand out to investors and put your business on the right track.
Working The Back Office
Intuit free accounting software helps a small business owner to do all of the necessary, but mundane, bookkeeping and financial reporting. Using Quickbooks is relatively simple, plus there are myriad instructional videos online. Quickbooks has all of the functions that a small business entrepreneur would need. At the front end of the software, the user can add receipts and expenses. This includes bank reconciliations and payroll, if your organization is big enough to have employees. At the back end, you can print financial reports that give either a point-in-time look at your business or an overview of your financial success.
Learning, Learning And More Learning
It would be great to know everything, but for those of us who do not, there is Google. Take a look at Google For Entrepreneurs, a collection of resources for any type of entrepreneur. Under the online learning tab there are educational videos by field experts and academics. The videos range from marketing to leadership development to Web analytics. Google also hosts various new business events, like its startup weekend, a 54-hour weekend seminar designed to put an entrepreneur through the paces. Google For Entrepreneurs also educates about some of the Google business development and marketing products like Adword and Adsense.
Staying Productive
When you are the chief multitask engineer, productivity is essential. Renting office space can be expensive, especially if it is only used occasionally. Meetings are more often held at the local coffee joint. Having your documents available to you everywhere you go is imperative for good productivity. Cloud-based file sharing is a good solution. Google Drive and Dropbox allow users to move files back and forth in the cloud. This allows you and your team the ability to share and update documents in real time, anywhere in the world.
Yelling From The Mountaintop
Internet-based marketing is one way to get the word out to your potential customers. Services like Buddy Media have cross platform marketing systems that allows you to create content and push it out via YouTube, Facebook, Twitter and other social media networks.
Until next time,
Dana Hudson, Blogger for the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
PSS: Listen to an entire library of intimate discussions with industry visionarieshttps://bit.ly/AllAccessPodcastSeries (Priceless)
Step Away from the Smartphone
Of the 93% of Americans that use cell phones or wireless devices, one-third of them are using “smartphones,” with which you can browse the Web and check e-mail. In other words, most of us are spending our days walking around with our eyes glued to our phone screens, as chillingly demonstrated in this telling YouTube short.
Some experts say it’s time to take a step back and reassess. They worry that kids won’t know what it’s like to have a conversation or actually look someone in the eyes when they tell a story.
In her powerful TED talk, Sherry Turkle claims that the little devices in our pockets are so psychologically powerful that they not only change what we do – they’re also changing who we are in our minds and our hearts, by allowing us three gratifying fantasies: that we can put our attention wherever we want it to be; that we will always be heard; and that we will never have to be alone.
But that’s just what they are – fantasies. And while we’re indulging in them, we’re tuning out the people who are physically present in the room with us. Some of the familiar things we now do with our devices – taking calls while out to dinner, checking Facebook during board meetings, texting while on a date – are things that only a few years ago we would have found odd or disturbing. Now it’s simply how we do things. Instead of never being alone, it seems we are getting accustomed to “a new way of being alone, together.”
“Parents text and do email at breakfast and at dinner. Their children complain about not having their parents’ full attention, but then these same children deny each other their full attention. We even text at funerals. I study this. We remove ourselves from our grief, or from our reverie, and we go into our smartphones.” If it’s true that attention is the rarest and purest form of generosity, then one could argue that smartphones are making us less generous human beings, unable to give each other the attention we crave.
Real conversations are unpredictable – and un-erase-able – and real relationships are engrossing and messy, but technology renders both neat and clean – keeping others at just the right distance: not too close to see the real you, and not too far that they can’t “hear” what you’re saying.
But having real conversations with each other is how we learn to have conversations with ourselves. Hiding from real, unscripted, unpredictable conversations with each other can compromise our capacity for self-reflection. And as smartphones burrow ever deeper into our lives, and Google Glass threatens to erode our personal space even further, finding ways to unplug is becoming more appealing – perhaps even more vital – than ever.
If you or someone you love is struggling with smart phone addiction, download Fast Company’s printable guide to unplugging and check out their collection of thought-provoking articles on the subject here.
Until next time,
Kelli Richards, President, CEO of the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)
The Benefits of BYOD Across Different Company Sizes
Anyone connected to the business world has heard about the rampant popularity of bring-your-own-device policies, better known as BYOD. The trend will continue for the near future and likely beyond, with Gartner analysts claiming that 50 percent of companies will mandate a BYOD platform over the course of the next five years. The popularity and gains in morale aside, however, does a BYOD set of policies make sense to a company on a financial standpoint? In terms of dollars and cents, some businesses may get more out of BYOD than others.
Small Companies
Could a BYOD platform benefit the larger conglomerates more than the small, home-based businesses that employ so many independent workers? The answer may be no, but not necessarily due to the basic revenue-expenses flowchart on your bookkeeping. The risk to small companies with a BYOD system lies in the security or lack thereof. V3 made headlines by proclaiming that a small business with BYOD is one cyber-attack away from bringing the company down. A small company may not be able to afford training or security to keep a BYOD network afloat, resulting in a far higher risk of a data breach. When that happens, the savings of a few hundred dollars per employee becomes trivial: The average data breach costs a company no less than $6.75 million dollars and an average of over $200 per compromised customer, Poneman research reports.
The Muddled Middle
Medium-sized businesses may have the resources to put a comprehensive BYOD platform in place to allow for security and increased safety, yet few end up doing so. CSO Online estimates that between 60 percent and 80 percent of businesses have no formal BYOD policies in place whatsoever. Businesses with the luxuries of modest resources and relative flexibility must think long and hard about the dollar value of each employee under its company umbrella. The advantages of cost savings and increased productivity often win out, since a medium-sized business rarely has to hire more than a handful of new staff members to police BYOD or train employees. When a medium-sized company has had limited success with safety, however, it may find a BYOD platform to be an unpalatable risk.
Corporate Policy
When your company employs hundreds or even thousands of workers, the solution becomes quite simple: Go big or go home. The math firmly stands in the BYOD camp, with Cisco reporting that a basic BYOD platform generates $350 per employee per year, while comprehensive policy boosts that figure up to $1,300 per employee per year. Risks remain, of course, and risks become more expensive as the size of a company grows, but when the benefits start climbing in to the millions of dollars, a corporation with a large workforce would greatly limit their growth potential by restricting BYOD policy in favor of uniform devices. There are also platforms that allow BYOD devices to switch from personal to business mode, keeping the two areas separate.
Until next time,
Keith Hart, Guest Blogger for the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
PSS: Listen to an entire library of intimate discussions with industry visionaries https://bit.ly/AllAccessPodcastSeries (Priceless)
iPhone: Hover Technology Coming Soon?
While the idea of the phone reading my eyes is cooler than my fingers, I found this technology to be far more practical. Imagine having dirty or wet hands, not wanting to touch your phone, but still needing to use it- you can. It takes new phone anxiety and consequent over protection to a whole new level. But beyond aiding neat freaks in protecting their phones, this technology has immense potential, and really left me wishing that my phone could do the same cool new tricks. Well iPhone users, the wait for such technology may not be too long as Apple has recently obtained patents for such hover technology, but also includes technology meant to better analyze accuracy and better understand unwanted touching of buttons or typing.
Eye recognition software and finger hovering technology: would taking your eye away from the screen result in the pausing of the video? Would you be able to scroll through documents with your eyes instead of your fingers? The finger hovering software will allow you to click and scroll without touching the screen, rather just by hovering your finger above the glass.
The new Apple technology also involves software for analyzing users’ heart rates. And in a day and age with countless advancements in health and fitness applications, this could result in amazing innovation. Analyzing heart rates can take workout apps like Nike+ to a whole new level, and can also greatly influence health applications to better aid physicians in treating patients from a distance. Patients with high blood pressure can check their heart rate from the comfort of their phone, and relay such results to their physician. And with the FDA’s recent installment of laws regulating healthcare applications, the future reliability of such technology will be trustable. Such regulation will extend to applications focused on the tracking of medications, health records, dieting and exercise.
And if dirtying your screen causes you too much stress wait it out, the App Store may soon have an app for that.
Jesse Hoppenfeld, Blogger for the All Access Group
Until next time,
Kelli Richards, President, CEO of the All Access Group, LLC
PS: Subscribe to my FREE All Access Group Newsletter https://bit.ly/AAGNewletter
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