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Fail on Your Own Terms

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The startup-childbirth analogy ranks among our most overworked business clichs. We talk less about the deathbed vigil that accompanies failure. But as this recent Tumblr post attests, that metaphor is just as apt. Founders watch helplessly as their companies expire, comforting themselves with memories of early promise. Ultimately, though, they descend into recriminations (directed at themselves and others); regret over opportunities squandered; resolutions to do right by survivors; and--above all--personal desolation. Post-mortem, their grieving traces the arc described by Elizabeth Kubler-Rosss five-stage model. Though perhaps acceptance is made easier by the investment communitys lionization of failure.I read the Tumblr post, [...]

Arctic farming: Town turns to hydroponics for fresh greens

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ANCHORAGE, Alaska (AP) The landscape is virtually treeless around a coastal hub town above Alaska's Arctic Circle, where even summer temperatures are too cold for northern-growing forests to take root.Amid these unforgiving conditions, a creative kind of farming is sprouting up in the largely Inupiat community of Kotzebue.A subsidiary of a local Native corporation is using hydroponics technology to grow produce inside an insulated, 40-foot shipping container equipped with glowing magenta LED lights. Arctic Greens is harvesting kale, various lettuces, basil and other greens weekly from the soil-free system and selling them at the supermarket in the community of nearly [...]

Egypt devalues, floats its currency, meeting key IMF demand

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CAIRO (AP) Egypt on Thursday took the unprecedented step of floating its currency and later hiked fuel prices, meeting key demands by the International Monetary Fund under a $12 billion loan agreement to overhaul the ailing economy of the most populous Arab state.The floatation, accompanied by a 48 percent devaluation of the Egyptian pound, is the boldest economic measure taken by President Abdel-Fattah el-Sissi since his election in 2014. For the first time, Egypt's currency will fluctuate according to supply and demand. El-Sissi has often asserted that tough times lie ahead as the country struggles with an array of economic [...]

Blast From the Dot-Bomb Past

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Same-day delivery services (think Webvan and Kozmo) crashed and burned in 2001. But a new crop of start-ups claims this time is different.online marketingWhy It Might WorkToday's GPS-enabled smartphones can track couriers and goods much more efficiently. More important, fleets of vehicles and professional drivers are no longer required. Start-ups such as Deliv and Postmates crowdsource that work to a pool of vetted part-time drivers."That's the disruption," says Daphne Carmeli, CEO of Deliv, which is running a pilot in San Francisco and Chicago in which retailers foot the delivery bill. Postmates, in San Francisco, Seattle, and New York City, charges [...]

Trump-effect grips world stocks, dollar

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By John Geddie | LONDON LONDON World stocks wallowed near a four-month low as U.S. election uncertainty knocked the dollar, and futures pointed to the longest losing streak for the S&P 500 since the 2008 financial crisis. Investors were unsettled by media reports that some agents at the FBI had wanted to press ahead with an investigation of the Clinton Foundation, the latest twist in a long-running investigation into Democratic candidate Hillary Clinton's use of a private email server while she was secretary of state.Investors generally view Clinton as a known quantity, but there is deep uncertainty about what a [...]

5 Ways to Reach Businesses Looking for Your Services But Haven’t Found You Yet

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world news foxGoogle how to market your business and youll find a wealth of information on how to reach the general public. If your business caters to consumers, these tips can be veryhelpful indeed. But what if you're with one of the many businesses that exist to support the needs of other companies? The business community is full of organizations that specialize in selling software, office supplies, marketing tools, and a wide variety of other products to other firms. Reaching those customers can be tricky, but these tips canhelp.1. Become a thought leader.marketingAs much as business owners want to support [...]

Tesla obliged to pay $1.7 billion to Panasonic for gigafactory cells

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world news net dailyTesla Motors Inc (TSLA.O) had an obligation to pay a total of about $1.7 billion to Japan's Panasonic Corp (6752.T) as of Sept. 30 for electric vehicle battery cells made at Tesla's gigafactory in Nevada, the carmaker said in a regulatory filing.The $1.7 billion figure is unchanged from filings in October.Panasonic, Tesla's longstanding battery partner, agreed in 2014 to invest in equipment, machinery and other manufacturing tools at the gigafactory, which will make cylindrical lithium-ion cells for Tesla's cars.Tesla has said it expects to start making batteries at the $5 billion plant by the end of the [...]

Economists: German economy to grow 1.3 percent next year

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BERLIN (AP) A panel of economic advisers to the German government forecast Wednesday that the country's economy will grow by 1.9 percent this year, and 1.3 percent in 2017 a slightly slower rate for next year than previously forecast.business news weeklyThe independent German Council of Economic Experts said the forecast 2017 slowdown is primarily due to calendar effects and that "growth momentum will remain essentially unchanged." However, it is advising Germany and others in the 19-country eurozone to "use the tailwinds of the economic upturn to carry out structural reforms."Among other things, the panel says the EU should conclude free [...]

Trump executive finishes D.C. hotel, quits the next day

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David Orowitz (right), who led the development of Donald Trumps D.C. hotel, left the company last week the day after it opened. (Jonathan OConnell) Redeveloping the Old Post Office Pavilion would have been difficult under any circumstances. Partly empty and rarely visited on Pennsylvania Avenue NW for decades, the 117-year-old building was badly in need of updates, and Congress was pressuring the federal government to put it back to productive use.Further controversy ensued when Donald Trumps company was selected for the projectfour years ago.Overseeing the work was David Orowitz, a Trump Organization executive tasked by the familywith the myriad difficulties [...]

How One Entrepreneur Survived Five Years of Errors

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This story appears in the November 2016 issue of Entrepreneur. Subscribe In 2011, my five pals and I were driving home from one of our weekend ski trips in Vermont. We were engineering students at the time and used to throw out all kinds of ideas during those three-hour drives. On this one day, my friend Donny suggested building skis that were based on engineering principles and thus unequivocally better. We loved the challenge. Surely we could build a better ski.Related:How This Company Bounced Back After a Toxic HireDuring my material sciences class, I learned about a rare class of [...]

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