Refugee Entrepreneurs

Refugee Entrepreneurs: Why It Matters to Fight Unemployment and bolster Innovation

Refugees are seeking asylum in Europe in large numbers. They are dividing societies and politicians are raging without any facts about possible solutions to solve this crisis. Populism arises in every corner of Europe. People are afraid of the disorganized arrival of millions of migrants and refugees. One thing for sure: Europe needs to enable the integration of accepted refugees by offering high-quality language courses, education, and job training. But what most politicians are overseeing are the possibilities and chances of entrepreneurship.

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5 Books You Must Read To Get Started in Entrepreneurship

TOP 5 Books for you to Start into 2017

During the last year, I have been asked several times which book I may recommend for anyone interested in business, entrepreneurship, and investing. I created a list for your new year’s resolution which will give you a kick start and a mentality shift for the new year. These books are perfect for people who are annoyed of going to a boring job from 9 to 5 and for everyone who wants to achieve financial freedom and a real purpose in life.

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The Problem with Two-Factor Authentication via SMS

Are you using the services of Gmail, PayPal, iCloud, Facebook, Twitter, Snapchat, Skype? Are you actively using online banking? Then you have the chance to activate a security layer called two-factor authentication on top of your password to make your account more secure. Indeed most banks are using two-factor authentication by default for many years. If you want to authorize a transaction your bank will most likely send you an SMS containing a short PIN. This SMS-PIN is necessary to make any transactions in your account.

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Introduction to Bitcoin and the Blockchain

Read an updated and more detailed version of this article here.

You believe that you don’t have any use for the term “cryptocurrency”? Well, you probably have. Bitcoin is currently the largest cryptocurrency when it comes to market capitalization and popularity. Now you might say: Yeah, Bitcoin is the thing you use for buying drugs and weapons on the internet. But Bitcoin is much more than an anonymous way to pay digitally. You can see Bitcoin more as a technology which might substantially impact our future – in a pretty positive way.

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The Future Of Supermarkets

Waiting at the Check-Out? That’s all past now.

Amazon just introduced Amazon Go – a concept store in Seattle where Amazon employees (and soon customers) can buy groceries and snacks in a local store without the need to pay at a checkout desk. You simply walk into the store with your smartphone and your Amazon app and all items are added to your virtual cart automatically. As soon as you leave the store your Amazon account will be charged.

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Respect and Prosperity: Silicon Valley and Democracy

Entrepreneurs from the Silicon Valley are shaping our future. They are building bold new technologies. These technologies range from artificial intelligence, robotics, infinite computing, ubiquitous broadband networks, nano-materials, synthetic biology, to augmented- and virtual reality. These technologies will allow us to make more progress within the next 100 years than ever before in mankind.

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How to cut your study exercise time into half!

We all know it from our days in school. There were days we had to study crazy facts about biology and chemistry. Every week we were forced to learn some hard French vocabulary. Our parents always told us to learn and revise all facts and vocabulary just before going to bed. And they were very right with this.

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PC’s are ripe for real innovation

Touch Bar & Touch Screen, that’s it?

The last two days were not that spectacular as I hoped they would be. Apple and Microsoft both introduced new hardware. Microsoft did a smart move by placing its product announcement exactly one day before Apple’s one.

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Cold Email: How to Raise your Response Rate

As part of my acquisition process, I send around 50 cold emails to selected hotel managers. Of those 50 cold emails, I got roughly 2 interested responses. Well, that’s a response rate of 4% and I didn’t really like this number. So I tried out a different approach to raising the response rate to my cold emails.

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Why DuckDuckGo is superior to Google when it comes to scientific research

goo-gle | verb

If you are reading this it is very likely that you are using Google as your main search engine. You don’t know the time zone of Indonesia? Google became literally a verb which describes searching something on the internet. Google is even in the official dictionary of Merriam-Webster:

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The Real Highlight Isn’t the iPhone 7 itself

Photo: Apple Inc. 

Yesterday was the Apple Keynote Event – the world’s best-known press conference where Apple is announcing yearly their new products and software. Apple announced a new Apple Watch, which now is swim proof, and a new shiny iPhone 7 which was presented as the world’s best smartphone ever. Whether or not the new iPhone 7 is the world’s best smart phone or not Apple professionally talked around its most important new feature: the improved and most advanced security of Apple’s new operating system iOS 10.

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How Every Hotel Should Check-In Their Guests

Last three weeks I was traveling through France. France is well-known for being a country which is very proud of their own beautiful language “French”. Indeed France even has a quota which regulates that radio stations need to play at least 35% of French music. With having this in your mind you can now imagine that it’s pretty hard to check into a French hotel without speaking that much French.

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Even if you fail you win – Returns on Entrepreneurship

Startups fail and startups succeed. Today everybody knows that there are more startups who fail than there are startups who succeed. Oftentimes you hear your parents and friends quoting studies who seem to prove that failing founders would have been better of by having stayed in the workforce those last two years instead of driving a company against the wall.

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Why Distance will become Irrelevant

Just look at the items and even groceries around yourself. Most of them are shipped over a large distance just to get to you. It is not only about the products we consume daily but it is also about ourselves. We are usually located in areas where we have our job. Often we live in cities as we find most of the jobs here. The location of a warehouse is usually dependent on the infrastructure nearby. How far does the product need to travel to get to the customer?

We see infrastructure hubs in every country in the world. This is also the place where most local or international companies locate their headquarters. Companies try to keep the distance between products and customers as low as possible. This is true for businesses as well as it is true for private persons like you and me. People want to have a supermarket nearby. We want to get a spare part for our house or car at a local store we don’t want to travel 100 kilometers for it. The higher the density in cities the less it costs to move raw materials, finished goods and labor.

But would we still live where we live today if we can work from wherever we would like? If we could get all our products we want and need without living nearby a city? Would current business models still make any sense if people could work from anywhere?

The Change Already Began

We see huge investments in technologies which are going to lower the cost of distance in the future. Those technologies include robotics, autonomous vehicles, 3D printing, delivery drones, and even low-Earth-orbit (LEO) satellites. Major companies dedicate a lot of their R&D investments into autonomous cars and trucks. The price of shipping products and moving people will become cheaper if necessary at all.

The Way we see Distance will Change

The economy of Western countries is mainly service based. Upcoming technological changes will even shift more in this direction. But nevertheless, we are still living in dense cities although this would not be necessary anymore. Over the next 10 to 20 years we will probably see a change in how we chose our home. Will you live in the city center or in a rural town nearby? People who prefer rural areas but who do not like to commute daily will choose the city in favor of rural villages. Will this choice still be necessary for our future?

Low-Earth-orbit satellites will bring us high-speed internet connectivity to every place in the world. Drones will deliver us daily needed products cheaper and faster. Autonomous cars will make the commute to the city center as pleasantly as sitting at your desk or in your living room while avoiding traffic jams. Companies will see no real reason anymore to settle in a city center in favor of a rural village. The cost of distance is minimized and the internet connectivity is equally good. Employment options, as well as goods and services, will become as available in rural areas as the former were in big cities only.

3D Printing

Advances in 3D printing will make small-scale production in shops profitable. It will not be necessary to produce items on a huge scale in huge factories (oftentimes in foreign countries). The final production of your next smartphone could take place in your living room. Spare parts for your car could be printed in a 3D print shop in your neighborhood.

Don’t Ignore This Change

All those changes will, of course, bring with them a change in our own lifestyles. Millions of people will lose their jobs for example truck drivers and taxi drivers. Companies who have warehouses located in infrastructure hubs will soon see a drop in their equity value. To ensure future business success and to ensure to go ahead as a leader managers need to think about those upcoming changes now.

Have a look at alternative production technologies like 3D printing. Look at how you could use delivery drones for your product deliveries. How could you use autonomous trucks to make your fleet efficient? Look for a future location of your headquarter. Outsource some of your labor to freelancers or allow your employees to work from home.

Companies will be able to afford production on a small scale, high-speed internet connectivity will become available to everyone, and the cost of transport for both, individuals and companies, will fall sharply.

New Business Models

New business models and new services will emerge from technologies like 3D printing, autonomous driving, and drone delivery.
Cloud-based work collaboration will become common as the high-speed internet will be available nearly everywhere in the world.

3D Printing will kill warehouses and complex logistic operations

3D printing will enable new business models. We will be able to print the final product at home or at in a small printing shop nearby. Right now it is necessary for businesses to have large warehouses for their inventory. 3D printing will allow companies to print products, parts, and complex items on the site and the need for large warehouses will be gone. 3D printing is already on its way to being an alternative to traditional manufacturing processes. 3D printing will approximately take off during the next decade.

UPS already offers 3D printing services in the US. UPS is looking forward to soon serve more than 100 3D printing stations. Today inventors, entrepreneurs, and small business owners can print their prototypes in selected UPS shops.
3D printing shops will be all around our neighborhoods soon. The final product will not be shipped all around the globe through different warehouses with trucks, ships, and planes. We will be able to simply visit our nearby 3D print shop and pick up our printed product. This will even make the production of single products profitable

The Internet through Fiber Cables and LEO Satellites

In most big cities high-speed internet connections are already available thanks to fiber cables. But most rural areas where fiber cables are not available will soon have high-speed internet by LEO satellites. Iridium, Google, SpaceX, Virgin, and WorldVu are companies who already develop LEO satellites to bring super high-speed internet to every centimeter of the world. It is estimated that the first commercial LEO satellites will launch by the end this decade.
The super fast internet is not only necessary to work remotely for cloud-based companies but also essential for autonomous driving

Autonomous Driving and Drones

Ultra-fast internet will become available by the end of this decade. Driverless cars and trucks need this connectivity for real-time communication. Driving assistance like Tesla’s autopilot is already available today. Fully autonomous driving will emerge when the necessary super fast internet connectivity will become available. Autonomous vehicles will not only make our daily commutes a lot simpler but they will also play a crucial role in the autonomous delivery of goods and services. Cars will go shopping for you. Cars will drive your children to school. Cars will pick you up when you are drunken.
The combination of driverless vehicles and drones will make the delivery of everyday goods super fast. Delivery by drones is already today around 70% to 80% less expensive than a delivery by humans. Delivery drones are already developed by companies like DHL, UPS, and Amazon but the legal regulations still forbid the use of them.

Would you still go to the mall or to grocery stores when everything you need will be delivered within minutes for free to your door? How much time will this save you? Post in the comments and I will join the discussion!

Focus: Why You Need to Avoid Side Projects

The Problem of Multiple Projects at Once

Some of you may know the problem: You have million of ideas at once in your head and to be honest you would like to work on all of them. We always have ideas but what is an idea if you don’t work on it to become reality? But please don’t start working on all of your ideas at once this will only lead to bad results. Working on too many different projects will lead to a lack of focus. A lack of focus will lead to a lack of results. Without any results you will show no real progress – at least not as much progress as would otherwise be possible.

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Pokémon Go and the Power of a Brand

The Poké Hype

The hype about Pokemon GO in the international press, in social networks, and in the word of mouth is slowly declining. We still see hundreds of Pokémon Go players hanging around in the Central Park in New York and other popular public places all around the world. Who ever thought that this kind of hype is possible?

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The Wake-Up Run Magic

The Wake-Up Run

Right now it is roughly 2 or 3 months ago since I started a wake-up run habit every morning. I was tired nearly every morning and the first thing I did was to brew a coffee. I decided that this needs to end and since that day I am running every morning. I called this habit my wake-up run.

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Strategy Formation as a Visionary Process

From a Joke in Silicon Valley to $25.5 Billion

“In order to carry a positive action we must develop here a positive vision.” Dalai Lama

Entrepreneurs from around the globe seem to base their strategies differently than most business books and business schools teach us. It seems that successful entrepreneurs craft their strategies based on their own mental thoughts, their own intuition, their judgment, wisdom, and experience rather than on strategy-formulation theories you can find in numerous business books.

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Grexit: The Stumbling European Dream

The Vigorous Euro

The last months were new to the European Union and the IMF. Elusive new: closed banks, capital controls, the first IMF default by a developed country, the deficit of a multi-billion-euro bailout, a referendum about creditors’ restructuring plan, discussions about a Grexit, and the penury of the Greek people.

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