Tuesday, April 22, 2014
Monday, April 21, 2014
Sunday, April 20, 2014
Baseball players, among other sports figures, are often glamorized in the media. Signing big contracts, advertising deals driving around in expensive cars are all part of the game.
All too often , fame and fortune can quickly disappear
Here are some gems shared by Eric Sogard, a famous baseball player that anyone can use to set themselves up for finanacial success.
1. Set and stick to a budget.
Simple advice, right? Still, it applies to everyone.
Meet with your financial planner two or three times a year to review Your spending and goals. All too often, we’ve sat down and I didn’t realize we were spending that much on a monthly basis, and it just kind of opens my wife and my eyes.
Always live within your means, (spend less than you earn and put Aitken away on the sideboard! and keep a close eye on expenses.
Checking in occasionally with a financial planner might make sense if you don't have the time, or the tools, to tackle this on your own.
2. Learn from those who came before
78 percent of former NFL players are bankrupt or under financial stress within two years of retiring and 60 percent of ex-NBA players are broke within five years of leaving the court. To avoid that fate, seek out advice from teammates who’ve been around the league longer.
“We’re all in the same situation as ballplayers, we all have the same goal -- we want to continue to make money and invest smartly,” says Sogard
Consult those who have been down your path before, learning from both their successes and mistakes. More than likely, someone close to you has faced a similar financial or business decision.
3. Plan for when there’s no money coming in.
Baseball is a summer game and for the players, it’s not unlike a summer job.
“We only have an income for six months, so you really have to be smart and save up for that offseason,” says Sogard. “If you’re going to go spend all the money you make during the season, you’re going to be stuck in the offseason thinking of what you have to do for money because you blew it all.”
Take this into account when planning both for the next year and the next 50.
Set aside at least six months’ living expenses in an emergency fund. If your business takes a turn for the worse, you'll want to avoid leaning on credit lines or falling into debt.
4. Make your assets work for you.
As soon as he signed his first big-league contract, Sogard bought a house in his native Arizona.
"It’s been a great decision. I’ve been able to rent it out since then, and it’s been a cash flow coming in,” he says. “As I look back on it now, that’s the smartest thing I’ve done.”
If you're ready to invest, consider assets that provide long-term cash flow. Options like rental real estate and dividend-paying stocks can provide income throughout retirement.
5. Lean on a team of trusted advisors. In addition to calling on his dad, Sogard sought out a financial planner to help manage his money and provide a financial education. His financial planner serves as a guard against suspect investment ideas and offers counsel—because even major league ballplayers need guidance.
You could make $100 million a year but if you spend $120 million a year you’re eventually going to end up broke.”
Know what you don’t know (or have the time to handle), and find trustworthy specialists to fill in the gaps.
What is one strategy that has helped you grow your business? Please explain how
Have a compelling vision of why your business is going to make a real difference in the world and get your team to share in that vision.
Everyone wants to make a difference and your job as the CEO is to create an environment in which people can make a contribution to something they believe in.
The CEO sets the vision and recruits people who share in that vision. If your team believes in the vision, it will drive the business to great success.
What is one failure you had as an entrepreneur, and how did you overcome it?
I realized at an earlier age that I am not a detail/operations person and without other people around me who are I could not succeed. It is important to understand your own strengths and weaknesses as a leader and surround yourself with other team members whose strengths compliment your own.
Friday, April 18, 2014
Friday, April 11, 2014
Thursday, April 10, 2014
I have been fortunate to have been a part of three major "big bangs" in digital during my career...all have been really exciting!
The explosion in connectivity and the availability of information is driving a significant shift in the balance of power between organisations and individuals.
Tuesday, April 08, 2014
Social is not so social. ‘Friend’ does not mean a friend, and ‘like’ – who really cares? We each accept the calls and texts from our inner circle of family and friends. Beyond this, communication is the noisy, impersonal interruption of eDM and social media. Volume gets bigger and louder, but relevance is lost.
Every brand wants relevant communication with their customers. They use social media but cannot measure its ROI nor customize their message to each customer’s preference, in order to increase engagement and revenue. Every brand knows it is all about mobile today.
Keynected helps customers and their favorite brands connect, meaningfully. Keynected creates a second circle, after family and friends. Keynected provides a mobile platform for customers to consolidate all social messaging from their chosen brands, select the feeds and notification prominence they want, receive exclusive offers based on their preference and customer status; all on their mobile phone and all without surrendering their personal data. Keynected is a spam-killer.
Keynected cuts through the noise by giving brands a second circle to reach the 20% of customers who drive 80% of their business. Keynected allows brands to segment customers for targeted messages based on meaningful web-style analytics including user engagement rankings. Keynected provides rich, mobile messaging and track-able content with click-to-book/-buy capability.
Customers cannot have an app for every favorite brand, nor keep up with every message on every social media site. Keynected aggregates all the brand messages customers choose in one place, on their mobile phone, and gives brands an accurate tool to understand how customers interact with these messages. With Keynected, brands can segment their audience to target a specific message to the correct customers - without infringing customers’ data privacy.
Traditionally, brands communicated for presence, not for relevance. Social media networks are designed for whoever has the loudest megaphone. It’s a shotgun, not a rifle shot. Social media is not truly social. And friends are not friends. Companies like Facebook and LinkedIn have cast huge, powerful nets but brands are realizing when they reel them in there are very few fish.
Keynected is going against the grain. We are on a quest for relevance: what truly matters to people who today get bombarded with interruption marketing.
Keynected is permission based – customers choose what is relevant to them.
Keynected is the death of spam. Keynected is where customers and their favorite brands connect, on purpose and with purpose.
Keynected version 0.9.1 is available on the App Store with the enhanced Version 1.0 (including Category-based landing page) due for delivery at the beginning of April 2014.
Thursday, April 03, 2014
My big issue with wearables like Google glass and smart watches is that they are so bloody unattractive. Well maybe help is on the way, Google has just partnered with Ray-Ban and Oakley to make glass more stylish.
Google is really trying to make the Glass headset something worth wearing. They have just announced that they will be working with the Luxottica Group to bring designs from Ray-Ban, Oakley, Vogue Eyewear and other designers to its wearable display.
Google says that it envisions Glass as a natural evolution of everyday eyeglasses, since they are a reflection of both function and fashion. They believe Glass represents the next chapter.
I went to a presentation last week by Michio Kaku who is a theoretical physicist and television host and is an extraordinary speaker. Among a wide variety of amazing topics, he spoke about almost unbelievable development in contact lenses where the contact lenses will act as a computer and provide you all the information you need without those cumbersome glasses.
Google still hasn't revealed when Glass will launch, and hasn't specified when we will see designs from the Luxottica Group. The company did say however that the technology will not appear "on your favorite Oakley's or Ray-Bans tomorrow."
The news comes just a few weeks after Google announced that it will offer prescription options for Glass. According to The Wall Street Journal, Google's partnership with Luxottica could bring Glass to more than 5,000 retail stores across the U.S., since the Italian luxury brand controls LensCrafters and SunGlass Hut.
We're hoping that we will learn more about Glass and how much it will cost for consumers later this year. One thing is for certain, it is highly unlikely to hit the market at $1500 a pair because I think that sounds like a dealbreaker for most of the market.
We are finally getting close to understanding what we will be able to do with Google's new Smart watches.
Google plans to bring Android to smartwatches as part of its Android Wear platform. Android Wear will primarily focus on bringing snippets of information to your wrist that can be viewed at a glance. These include Google Maps, current weather in your area, you'll be able to conduct Google searches just by speaking to your watch, your text messages and social media updates will appear on your wrist but what is cool is that you can reply by speaking out loud to the watch.
Your smart watch can also display updates from sports teams, it can help you find out the name and artist of any song currently playing and it will display updates on your flight's status and your boarding pass barcode directly on your wrist.
Your watch will also display fitness notifications, find nearby areas of interest based on your location and show you nearby transportation info.
Now, that is all fantastic and I am almost convinced. Now, all they need to do get me over the line is to produce a decent looking watch and not one that looks like a small clunky television set.
Apple iPhone..is the end near?
Apple needs to pull a rabbit out of the when they release their new iPhone. I was reflecting on the last few years and I am amazed how fickle we are. We wanted a smart phone that would fit in our pocket and when iPads came out they were an annoying size, they wouldn't fit in your pocket and they seemed cumbersome to carry.
Then came the phablet” — a phone / tablet hybrid, which is a huge, almost 6" x 3” screen. Also cumbersome but nearly a quarter of all smartphones shipped world-wide in the third quarter of 2013 had displays of 5 inches or more.
The Rumor is that Apple is planning an upgrade for iPhone 6, from its four-inch display to something bigger. If this big-screen iPhone happens, it will be because the Samsing's Galaxy phones proved that consumers want big screens.
On the big screen YouTube videos look amazing, you can read long articles without straining your eyes and photos look a million percent better. You can frame each photo much better, and even something as simple as scrolling through Twitter was a more enjoyable experience with the big screen.
Big screens are here to stay, they provide an amazing overall experience. Everything a little phone can do, a big phone can do better, except they won't fit in your pocket.
If Apple doesn’t release a big phone this year, it’s going to be left in the dust as more people decided switch to Samsung and others to get their big-phone fix. Maybe this is good news. Suppliers of LCD panels for Apple's new iPhone will ramp up production soon, in line with a timetable for a worldwide launch as early as September.
Rumor has it that the new phone, expected to be called the iPhone 6, will likely be offered in 4.7- and 5.5-inch versions, both of which are larger than the current generation's 4-inch screen.
Manufacturers have apparently begun making such components as fingerprint sensors and chips for liquid-crystal drivers.
The new handset's display resolution is expected to be significantly higher than that of current models
I have absolutely no doubt that drones are going to be the next big thing but they also could be the next big threat to your privacy as it hovers over head while you walk down the street.
Hackers have developed a drone that can steal the contents of your smartphone -- from your location data to your passwords -- and they've been testing it out in the skies of London. The technology equipped on the drone, known as Snoopy, looks for mobile devices with Wi-Fi settings turned on.
Snoopy takes advantage of a feature built into all smartphones and tablets: When mobile devices try to connect to the Internet, they look for networks they've accessed in the past. Your phone will be shouting out the name of every network it has ever connected to,
That's when Snoopy swoops into action sending back a signal pretending to be networks you've connected to in the past. Devices two feet apart could both make connections with the quadcopter, each thinking it is a different, trusted Wi-Fi network. When the phones connect to the drone, Snoopy will intercept everything they send and receive.
That includes the sites you visit, credit card information entered or saved on different sites, location data, usernames and passwords. Each phone has a unique identification number, or MAC address, which the drone uses to tie the traffic to the device.
CNNMoney took Snoopy out for a spin in London and in less than an hour of flying, obtained network names and GPS coordinates for about 150 mobile devices.
It was also able to obtain usernames and passwords for Amazon, PayPal and Yahoo accounts. Collecting metadata, or the device IDs and network names, is probably not illegal, however intercepting usernames, passwords and credit card information with the intent of using them would likely violate wiretapping and identity theft laws.
Installing the technology on drones creates a powerful threat because drones are mobile and often out of sight for pedestrians, enabling them to follow people undetected.
Of course, as well as being used for bad stuff, it could also be used for law enforcement and public safety. During a riot, a drone could fly overhead and identify looters, for example.
Oh, the joys of modern technology.
Apart from drones, I believe the next big disruptive change will be 3-D printers. My local Office Depot now has a 3-D printer although very limited in scope, but Local Motors is planning to 3D print a car in 5 days.
The concept is nothing new, and later this year Local motors will 3D print an electric vehicle in just five days, at the International Manufacturing Technology Show in Chicago.
A couple of years ago the company built an entire Rally Fighter off-roader at the show over the event's six days. But 3D printing a car presents entirely different challenges.
The demonstration is designed to show how advanced manufacturing techniques can deliver a stronger, safer, faster and more efficient vehicle. Other than being electric, details of the powertrain have not yet been revealed.
The vehicle aims to deliver a sustainable, green product, one that reduces production cost but also creates job opportunities. Hopefully, it will be stunning to look at and fun to drive, but ultimately, it needs to be a car people want to buy.