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Cyta Entrepreneurship Newsletter - Τεύχος 22 - Ιανουάριος 2017
 
INTERNATIONAL NEWS
 

Corporate Entrepreneurs: The Unsung Heroes of Innovation

Startups and entrepreneurs are becoming a new segment of celebrities, however innovators within big businesses are often overlooked. Very few company innovators or intrapreneurs receive recognition for their work – either inside their company or outside in the broader business world.
The team at Market Gravity wanted to change that, and created the Corporate Entrepreneur Awards six years ago, “in order to celebrate, recognize and share some of the best secrets of entrepreneurship and intrapreneurship,” says Peter Sayburn, their co-founder and CEO. It also seemed like a good excuse for a party. “It’s a tough job, but you want to get together with your peers and celebrate success.”
During his talk at the recent Intrapreneurship Conference Montreal, he shared five traits winning teams of past awards had in common. Ready?

 
 

What a true innovation culture looks like, and why you need it

It used to be that innovation was the province of start-ups – small, usually tech-focused companies, in markets defined by rapid change. No more. Rapid change is the norm across industries. And maintaining the status quo is no longer sufficient to effectively compete. Neither is it enough to simply develop new products – true innovation is systemic, creates value for customers and for the organization, and can take place on any dimension of the business system, from process innovations to identifying and targeting underserved customer segments. But as companies try to move the innovation needle forward, they’re hitting a few roadblocks. A 2013 study by Accenture found that although 93% of CEO’s said the long-term success of their business strategy relied on innovation, only 18% felt their investments in innovation were paying off – and 46% had become more risk-averse when considering new ideas.

 

5 Greatest Business Lessons Learned Through Failure

No one likes to fail, but failure provides a great growth opportunity. Here's how to make the most of your small-business shortcomings. No one likes to admit they've failed. In business and in life, people are rewarded and praised for success. But this eventually creates a culture where we don't learn from failure, and could end up repeating mistakes.
After years of research, in which he found that businesses accepting of mistakes have better employee and financial performance, Bradley University management professor Laurence Weinzimmer was inspired to write a different kind of business book.

 

10 Famous Entrepreneurs Who Failed in Business Before Becoming Successful

Yesterday I ran across an interesting post from Addicted2Success.com that featured 15 Rich & Famous People Who Were Fired Before They Became Successful. This post prompted me to write this blog post.
I have always been taught to view failure is “an opportunity to learn and grow” and that some of the experiences that we go through in our lives (particularly the bad the ones)–often times turn out to be blessings in disguise. Today, I will be presenting a list of 10 famous people who failed in business before becoming successful – who were either fired from their jobs or experienced multiple setbacks and failures in their business before becoming successful.

 
 

The 7 Business Lessons You Should Learn by 30 - Start with an understanding that "the right people are worth everything."

Why Do You Need to Cold Call? Success does require leaving your comfort zone. Start cold calling potential clients.

How This Mom Grew Multiple 6-Figure Businesses From Home - How the Barefoot Executive, Carrie Wilkerson, built her empire.

Starting a business -- or even getting involved as a professional -- when you’re young can be intimidating. You might have knowledge about business from school, books or practical advice from sources online, but there’s a big difference between understanding business fundamentals on paper and gaining wisdom through actual experience. By the end of your career, you’ll have accumulated a wealth of knowledge and hundreds of lessons, but there are some lessons that you should learn early on -- ideally before you turn 30.
These lessons are some of the most important to learn while you’re still young enough to make use of them.

At some point in your career, you will be required to call someone you don’t know to get something you want. The phone can take you to another atmosphere. If you get your phone game on, you will get more confidence, have higher levels of activity, and a bigger bank account. To get things you desire but don’t yet have, you will have to cold call in life. A cold call is much different than a warm call. A warm call refers to calling a prospect with whom you’ve had some prior connection between yourself and the prospect. Warm calls could come from a previous sales call, a referral, a past appointment, an internet lead, someone you met at an event, or a response to an ad.

If you’ve ever thought about working from home or starting a home-based business, you'll want to familiarize yourself with Carrie Wilkerson, also known as the Barefoot Executive.
The Barefoot Executive is a website, community and bestselling book that she created to help work at-home professionals. The site quickly grew into an empire with tens of thousands of subscribers, leading her to become a sought-after speaker and sales trainer. While she built multiple businesses from home over the past 19 years, she was also raising four children, getting out of six figures of debt and losing more than 100 pounds.

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