The hard part of entrepreneurship may not be succeeding, as much as it is about deciding what success if for you. That might be the cause of so much argument about this moment of entrepreneurship — should it be wealth, mission, personal satisfaction, longevity, legacy or something else? More likely, it’s a mixture of them all, with your own happiness the leader, and deciding on that balance is part of the process.
But the point here is you can’t ever succeed in anything (including building your business) unless you know what you want to happen. That way you can optimize for whatever you most want.
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Innovation hubs are dense collections of knowledge workers developing new methods for old ways. With like-minded members of the creative class can come community, and the retention that comes when we develop networks where we live.
The web has allowed for a more organic, smaller-scale kind of growth that is developing faster vibrancy in urban ways, but it doesn’t only have to happen in big cities, like how I’ve described in my home Philadelphia. Since launching Technical.ly Delaware, I’ve become really excited by how Wilmington could develop an innovation corridor of its own.
At a recent conference called Tech2Gether on that 70,000-person city’s future, I spoke on that very subject. Following an article I wrote, I called those in attendance to see a Delaware pipeline that could result in a celebrated, healthier urban core of Wilmington.
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The Greater Philadelphia Chamber of Commerce named my Technical.ly cofounder Brian Kirk and I the ‘Young Entrepreneurs of the Year’ in their 32nd annual small business excellence awards.
We were proud to get on stage, following another dozen winners in different categories, at the Crystal Tea Room in the old Wannamaker Building in front of past attendees, Chamber members and service providers. I will likely share the recognition for years to come, so I wanted to share some initial thoughts here too. (Find pics of or presentation here)
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When you run a publicly-traded company with an $80 billion market cap, it’s easy to focus on the short-term. Strained by a year of declining share price, Bill McDermott, the first American CEO of German software giant SAP, says he’s far more focused on making an organization-wide shift that will better suit the company for the future.
“You can’t build a company for 60 days; build for 60 years,” he said.
I interviewed McDermott as a keynote for the IMPACT venture capital conference held by PACT in Center City Philadelphia last week. Find my coverage of our conversation here.
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I have joined the advisory council for a new Masters in Science program on Digital Innovation in Marketing at Temple University’s Fox School of Business in Philadelphia.
I’m a graduate of Temple but not of the Fox School, so I’m not there as an alumni. Rather, I was asked by Professor Munir Mandviwalla, who is helping to organize the program, to offer some voice from the news media industry, in addition to the intersection of entrepreneurship and technology.
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Paypal cofounder, public intellectual and global tech entrepreneurship leader Peter Thiel is thoughtful in his perspective on economic growth. An interview with him was on our last Technical.ly podcast and an even longer conversation he had on a different podcast was even more enlightening.
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There is an entire industry of creative productivity self-help resources. My friend Sean Blanda gave me ‘Manage Your Day-to-Day,’ one in a portfolio of books from 99U, an effort from Behance, the Adobe division where he works.
It was a quick and energizing read. Buy it for $8. As I like to do, I wanted to share a few of the directives I most acted on.
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Neighborhoods and cities always change. Concerns about gentrification come when that change happens with such speed that those new to a place don’t even realize a community predates them.
After a special performance of 100% Philadelphia, something like an on-stage census map with real-life residents, at FringeArts, I was part of a panel discussing the issues the production brought up. The performance has been organized around the world. In each case, 100 residents of that city were selected to represent the dynamics of that place — race, location, income, politics, etc. Throughout the show, the residents are given prompted questions and move about stage to help give an in-person sense of thoughts on issues, both local and human-wide.
It brought thoughts to mind for me.
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Following the July 2014 final rules implementation of the Affordable Care Act, my company Technical.ly was impacted more severely than we expected. This is not a political article — I am not opposed to Obamacare — this is a small business owner’s experience.
With just eight full-time team members (excluding, of course, our part-time independent contractors), I am solely responsible for managing our healthcare coverage plan, and while I tried to prepare for what the change might be, I wasn’t ready for our costs to more than double, and, for some plans, almost triple. Here’s what I learned and what we did.
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The fate of small, urban satellite cities and the role technology and entrepreneurship communities will have in their future is of interest to me. I recently wrote something about it for the Delaware state newspaper.
After this op-ed in the Wilmington News Journal about the innovation economy, Delaware entrepreneur leader Jon Brilliant encouraged me to write something in response. I did so here for Technical.ly Delaware and contributed a shorter version that was published in the News Journal here.
Today, any U.S. community preparing for the future is fostering a technology and entrepreneurship ecosystem. Delaware is too.
A recent News Journal op-ed on the matter didn’t take into account much of an organic, nascent community that is building toward a bigger impact. There are efforts in Newark, Lewes, Rehoboth and elsewhere, Wilmington, despite its challenges, already has the foundation of an innovation corridor. MORE
Read the rest here
Download an image of the paper version [PDF].
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