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Can You Really Turn a Hobby into a Business? part 2 of 3

Strategy Driven

Finance, administration, inventory – these are all things most small businesses owners do not go into business to learn how to do. You’ll get the advice and help you need without spending time and money travelling to meet them in person. Copyright 2007-2015 by StrategyDriven Enterprises, LLC. part 2 of 3 !

Finance 50
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Traveling for Work? You’re a Prime Target for Hackers

Harvard Business Review

As if the stresses and headaches of business travel weren’t enough, there’s one more thing to worry about while traveling in unfamiliar places: the security of your email. According to one report , there are 40,000 kidnap-and-ransom cases each year, many of which involve executives on business travel.

Travel 8
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The Most (and Least) Empathetic Companies

Harvard Business Review

The top 10 companies in the Global Empathy Index 2015 increased in value more than twice as much as the bottom 10 and generated 50% more earnings. The Most (and Least) Empathetic Companies, 2015. Travel & Tourism. Travel & Tourism. Travel & Tourism. One note: We rounded the scores to two decimal points.

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Zero-Based Budgeting Is Not a Wonder Diet for Companies

Harvard Business Review

ZBB has been around for decades, but is currently enjoying a revival driven by powerful investors like 3G Capital Partners, the force behind the 2015 merger of Kraft Foods and H.J. In another company, commercial discounts was essentially a black box for the finance chief and CEO.

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Tackling Big Global Challenges with Low-Cost Innovation

Harvard Business Review

Airbnb lets spare room owners make money out of their idle asset and makes the asset easily accessible for more travelers. The idea of offering your spare room on the web is not new, but with Airbnb you don’t have to create your own website and hope that Google-searching travelers find you.

Cost 8
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The Right Way to Prepare Your Budget

Harvard Business Review

This advice, adapted from the book Finance Basics , will help you better understand how to create a useful budget. But you should include detailed estimates for travel costs, telephones and utilities, and office supplies. Could you increase the anticipated sales for this model by 5% or 10% in 2015? Finance & Accounting Book.

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Sometimes “Small Data” Is Enough to Create Smart Products

Harvard Business Review

In 2015, Boeing launched the Aerospace Data Analytics Lab in partnership with Carnegie Mellon University to develop AI technology for airlines. However, when planes travel around the world, communication starts to breaks down. One such project aims to dramatically reduce maintenance costs with AI by standardizing maintenance logs.

USP 8