Posts Tagged "Business Motivation"


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Novak Djokovic, the Serbian professional tennis player, is the No. 1 ranked male tennis player by the Association of Tennis Professionals, but this isn’t anything new. Djokovic has been ranked number one for over 300 weeks throughout his entire career, and has increasingly been called one of the best tennis players of all time. But I think I’ve learned more about how to be better at business than I could ever learn about being good at tennis just from my time working with him.

Over the last seven years, I have been fortunate enough to work with Djokovic on several international PR events, and each and every time we work together, I am always impressed about what I have learned from him, beyond a few tennis tips.

Here are five business lessons from working with Djokovic that I have implemented not only in business also in my life.

1. Be grateful to those who have supported you 

Djokovic has all the time in the world for his fans. I’ve seen how grateful he is for the opportunities he’s been given because of their support and commitment to him and his brand, and that he feels like he owes them all the time he can give to them. Whether it’s signing autographs at events, taking pictures or just joking around with people, he has as much time as necessary for all of them, and you can see how much the fans appreciate his energy. 

In business, it’s very common for successful people to forget where they came from and who helped them get there. But with Djokovic, the end goal is to make people know how much he appreciates their influence in his life. 

2. Always give back

Djokovic has made it clear to me that what comes with success and fame is the opportunity to give back and make a huge difference in the world. In 2007 he started the Novak Djokovic Foundation, an organization that helps preschool-aged children in  impoverished areas have access to education. Djokovic and his co-founder and wife, Jelena, have helped more than 30,000 children, and Djokovic has made it clear that he plans to keep going. Charity for him has no boundaries, and he is willing to go the extra mile to really make sure that his charity achieves every goal it puts forth.

Related: The Business Of Giving Back: Five Reasons Why Philanthropy Should Be At The Core Of Your Corporate Strategy

3. Never give up

For elite athletes, injuries are incredibly difficult to endure. Not only do they have to spend months recovering in physical therapy, but they also have to spend additional time getting back to the physical shape they were in before the injury. Djokovic has often had injuries that have made it incredibly hard for him to hold or return to his No. 1 ranking, but with every one of these obstacles he’s persevered and found that with a little time — and a lot of work — he has been able to get back out onto the court stronger than ever.

As entrepreneurs, we will always face many bumps in our journey to success, and throwing in the towel often seems like the only solution. Having Djokovic’s grit and commitment is an invaluable way to live by and ensure that you meet your life’s goals.

4. A healthy mind creates a healthy body

Djokovic lives on the strict principle that the body and the mind are connected, and that it’s important to make sure that both are healthy. If you put unhealthy food in your body, or are doing things that are bad for your mental health, you will get results that reflect that. Djokovic abides by a very strict gluten-free diet, exercises daily and makes time every day for something that will help him relax — he attributes all of this to his continued success. 

It’s easier for a professional athlete to abide by a strict diet than an entrepreneur, but anyone who makes healthier food choices will see that pay off in the long run. 

It all starts with a positive mindset, and the rest follows. Taking time out to reflect and meditate each day can do wonders and lays the foundation for a healthier body.

Related: 5 Easy Ways You Can Slash The Number Of Hours You Work

5. Stand up for what you believe in 

Djokovic has never been afraid to voice his opinion and voice his beliefs and point of view. This perhaps stems from growing up in Serbia, at the time a war-torn country, where kids didn’t have a voice and “did not dare to dream big” Djokovic has said. As entrepreneurs, we can often be fearful to say what we really think and and stand our ground, but not saying anything could be more detrimental in the long run.  

Having a strong point of view will make people respect you, and those who don’t will at least know where you stand. There’s nothing worse than just taking the middle-of-the-road approach and not being passionate. 

The lessons I have learned from Djokovic have left a lasting impression on me. By following some of his principles, I’ve been able to make my work more meaningful and effective, inspired by how deeply devoted he is to his career and life causes. I hope that you can learn from my experience with him and bring some of these lessons into your own business and life to get you to fulfill your dreams no matter what is served to you.

Related: From Down Under to On Top: 3 Lessons From Aussie Companies That Are Making Waves In The USA

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6 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


There are situations that make it impossible to fulfill a contractual obligation and that due to their nature cannot be attributed to the debtor, since they are out of his will and therefore he could not foresee or avoid them.

In view of this, civil and commercial contracts have a fortuitous event clause, it is a section that “establishes that in a scenario where a fortuitous event or force majeure occurs, the legal relationship that exists derived from it will be interrupted” , says the lawyer Yisroel Cimet, from the Cimet & Almazán law firm, specialized in civil, commercial, financial, real estate, insurance and surety law.

These unforeseen events are classified into two types:

  • Events caused by nature
  • Those caused by man or authority

According to the isolated thesis of the Federal Judicial Weekly with Registration No. 341341, for this clause to be fulfilled, two conditions must exist: unpredictability and generality. The first is necessary, since “when the event can be foreseen, the debtor must take the corresponding precautions to avoid it and if this is not done, there is no fortuitous event or force majeure”.

While the character of generality “implies that the execution of the act is impossible for any person”; In other words, it is not enough for the execution to be more difficult, more onerous or that it leads to an imbalance in reciprocal benefits, the document refers.

A pandemic like the one we are experiencing today “is reason enough for the supplier of a material that is in China and that has to bring it to Mexico and sell it here, does not meet the delivery deadlines due to this unforeseeable event”, Cimet states.

According to the litigant, the fortuitous event clause is relevant in all contracts, since it “seeks to provide fairness and justice to the parties, according to new situations created in an unpredictable way for man.”

Therefore, according to the Cimet & Almazán law firm, these are 5 facts about this clause and how it operates in accordance with Mexican law:

What is the difference between a fortuitous event and force majeure?

Although both clauses refer to exceptional situations in which an obligation, a contract can be terminated or that justify the breach of one of the parties, the fortuitous event refers to events produced by nature; For its part, force majeure is used to name events produced by man or, where appropriate, by authority.

How did the COVID-19 pandemic affect this clause?

Said clause and its regulations were modified as a result of the previous Mexican epidemic (Influenza AH1N1 in 2010), says the lawyer, as the laws are being modified to adjust to new situations. Therefore, it is not surprising that after COVID-19 these types of regulations are modified and more specific.

Nowadays it is possible to determine in a contract what type of situations are considered fortuitous events or force majeure, including what would be the actions to be taken in such scenarios, such as the termination of the contract or the suspension of some obligations.

Despite the fact that the pandemic was an unpredictable event worldwide and that also had important consequences in the markets with the suspension of some economic activities, to know with certainty in which cases it is valid it will be necessary to review each contract, since the wording the scope and effect of the clause will depend on these documents.

Legal foundations

The fortuitous event clause is contained in the Civil Code. Article 1847 specifies that in the event of non-compliance by one of the parties “the penalty may not be enforced when the party obligated to it has not been able to fulfill the contract due to the creditor’s act, fortuitous event or insurmountable force.”

How does it work?

It is always advisable to try to negotiate between the parties; However, if this is not possible, to apply it one of the parties must go before a civil judge to request the adjustment of contractual obligations or, failing that, the termination of the contract. The judge will seek that both parties reach a conciliation, will summon them, giving them a hearing so that they can express their position.

Based on this, the judge will determine if indeed what corresponds is an adjustment to adapt and level the agreed conditions, or in case of not reaching an agreement, the termination of the contract is declared.

It should be noted that this clause is solely and exclusively applicable to clients or relationships that are up to date and in compliance with their obligations; In other words, if any of the parties has a history of non-compliance and later requests the application of this legal figure, this cannot be carried out.

Duration

The law determines that the duration of this clause is 30 days from the date of knowledge of the affectation that gave rise to the imbalance of the obligations.

Therefore, it is important that any company, regardless of its line of business or its size, knows this clause, stipulates it in their contracts and, where appropriate, enforces it. It is important that, initially, conciliation is always sought and only in the scenario in which this possibility does not exist, do you go before a judge, since the main thing is “that the relationship and its conditions are as fair and consistent with what was originally agreed ”, says the lawyer.

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85% of Mexican organizations lack adequate conditions for their employees to have a balance between their personal and work life.


5 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


By: Lucas Melman, CEO of Gympass México

Health ” is probably the main desire, interest and motor of both personal and company agendas in 2021. In an environment as challenging as the previous year, it is increasingly essential to know the new tools and platforms that allow meeting the regulations already established such as NOM 35 , as well as the recently approved reform to regulate teleworking .

One of the concerns that we hear the most in Gympass from the Human Resources area is how to support teams, especially because according to a study by the National Autonomous University of Mexico (UNAM), 85% of Mexican organizations lack adequate conditions for its employees to have a balance between their personal and work life, which causes physical and psychological disorders.

One of the elements that companies can rely on is precisely technology: bringing together integrated platforms where employees find tools that allow them to achieve precisely that balance: from food to adopt or deepen healthier lifestyles, physical training options or start meditation practices to improve the quality of the day to day.

Let us also consider that according to information from the Gartner consultancy, 41% of employees would be willing to continue with the home office scheme, being that before the pandemic only 30% worked remotely from time to time and that the circumstances themselves will be conducive for more and more people to join this work modality.

Image: Depositphotos.com

We know how challenging the year is, so I would like to share five actions that can support you to address the concerns of work teams at the beginning of 2021.

  1. Explore flexible schemes: Teams likely have different needs in order to meet their goals. It is important to consider various approaches to design policies that allow teams to benefit as much as possible from the benefits of remote work and to adequately meet their objectives. Remember that showing flexibility goes a long way towards building support networks and value relationships that benefit everyone.
  2. View wellness as an integrated concept. One of the main learnings that 2020 left us is that physical well-being is as important as emotional well-being, due to the impact it has on social skills as well as the ease of proper concentration, empathy, idea generation and teamwork. According to Gympass’ own study at the regional level, 77% of the users interviewed highlighted the importance of companies offering wellness solutions, however, only 34% of companies had an approach that also included the emotional aspect and not just the physical.
  3. Strengthens resilience capacities: It is no coincidence that companies use phrases and images associated with the sporting world: “Eyes on the goal”, or “achieving market positioning is not a short race, it is a marathon”. Physical activity is a great teacher so that both from the individual and from the formation of teams we know our strengths, we improve our communication skills and it is an experience that can be capitalized in a positive way both by leaders and by the companies themselves.
  4. It fosters collaborative environments: Collaborative work is an essential ingredient in all processes, in this new context, teams can be impacted by the geographic barriers of remote and dispersed work; However, establishing common challenges through physical activity or wellness on an integrated platform can be a catalyst to spark powerful conversations that allow them to stay creative, innovative and close.
  5. Don’t forget about self-care. The Human Resources area was one of the areas that suffered the greatest wear and tear during 2020. It is also important that those responsible for the optimal functioning of the teams are included in the physical and emotional care agenda, with exercise routines and monitoring of activities either meditation, yoga and those applications for a better quality of sleep. Happy employees are not only synonymous with healthy people, but also with productivity, loyalty to the company, aspects that provide a healthier work environment.

Companies are one of the productive engines of any economy. They cannot forget that they are entities made up of people, who unite their efforts, talents, discipline and interests to achieve a common goal. To the extent that the approaches are more comprehensive and measures are adopted for the physical and emotional care of the teams, there will be a positive impact that allows the development of potentialities and capacities to increase well-being, generating virtuous circles in the new dynamics of the labor market .

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Parler is a social network that was targeted because it was accused of promoting hate speech when the assault on the capitol took place.


2 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


John Matze , CEO and co-founder of Parler, was fired from his own company. Parler is a social network that was targeted because it was accused of promoting hate speech when the assault on the capitol took place.

According to Reuters , the businessman confirmed through a text message that his relationship with the platform had ended. Likewise, Matze’s LinkedIn profile shows that his employment on the social network ended in January of this year.

The decision to remove him from the company was made by the company’s board of directors, Matze explained in a letter obtained by Fox News . Also, in the letter, the businessman comments that in recent months he had encountered “constant resistance to the vision of his product, his firm belief in freedom of expression and his vision of how the platform should be managed.”

Parler was accused of promoting violence and hate speech when the capitol was stormed where the status of the US elections was being decided. For this reason it was removed from application stores such as Google Play and App Store. Likewise, Amazon decided to stop supporting it by suspending the service on its servers.

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Reliance on technology drives a fast pace of innovation, but some organizations can find it difficult to keep up with such rapid changes.


4 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


By: Juan Francisco Aguilar, CEO of Dell Technologies Mexico.

In recent months, we have seen more acutely how key technology is to enabling business continuity and productivity.

People, businesses and governments have turned to technology to help them work and continue to meet customer demands. This has made SMEs more aware of the importance of digitization. IDC (International Data Corporation) indicated that in Latin America 18% of SMEs are seeking to strengthen their digital education, as 80% of them declared that digitization is the only way to survive the current scenario.

It is this dependence on technology that drives a rapid pace of innovation, but some organizations can find it difficult to keep up with such rapid changes.

Getting the right technology comes with many hurdles, not just what technology is purchased and implemented, but also how that purchase is financed. 33% of SMEs will invest in digital technologies to improve their sales, as well as 36% plan to invest in solutions that help employees to work remotely. More than ever, the ability of an organization to adapt quickly and increase or decrease spending priorities is essential.

Image: Depositphotos.com

We know that organizations are under extreme pressure to find creative ways to preserve cash flow amid uncertain economic pressures, without sacrificing growth or innovation. Therefore, we want to share some tips for SMEs to invest in technology and in the digital future of their business in an optimal way:

  1. Implement technology as a public service. Find ways to consume IT that only pay for what you use through a subscription-based or consumption-based model. This option is available in a wide range of IT solutions, including client devices and core infrastructure.
  2. Make decisions with the future in mind , especially for your technological update needs. Make upgrading easy and frictionless with technology partners who can offer anytime system upgrades at no additional cost.
  3. When it comes to hybrid cloud strategy , avoid being tied down to a single public cloud provider. It is recommended to manage costs, risks and data in more meaningful ways when distributing your IT operations across multiple public and private clouds.
  4. Review and look for smart financial options that offer low or no interest or deferred payments. Or looking to gather all the costs into a payment plan, which could make it easier to work on budget.
  5. Renting the equipment, whether new or reconditioned, which can sometimes be more profitable. Renting reconditioned equipment can also help your business meet its sustainability goals.

When it comes to technology investment over the next 18 months, SMEs plan to invest in cloud solutions, as well as build a hardware, software and site infrastructure. Around 45% of surveyed SMEs expect 30% of their businesses to be digital in 2021. This is why it is so important for companies to focus on an on-demand economy that offers organizations the ability to budget more predictably spending on IT, paying for technology as it is used, and achieving optimal total cost of ownership throughout the technology lifecycle. When cash flow must be critically managed, this on-demand approach to technology acquisition and use can be music to the ears of CFOs and other company leaders.

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4 min read


The Union Budget 2021 has laid special focus on promoting and developing the financial technology (fintech) space as the COVID-19 pandemic led to tremendous growth in the adoption of digital financial services. 

While tabling the Budget on Monday, finance minister Nirmala Sitharaman announced the setting up of a ‘world-class’ fintech hub at GIFT City in a bid to bolster innovation in the fintech industry.

GIFT City, or Gandhinagar Gujarat International Finance Tec-City, located in Gujarat’s Gandhinagar district, is an international business centre and India’s first operational smart city that provides office spaces, residential apartments, schools, and hospitals, among other facilities. 

During her speech, Sitharaman proposed tax incentives to promote the International Financial Services Centre (IFSC) in GIFT City, which includes tax sops for relocating foreign funds in the IFSC and tax exemption to investment division of foreign banks located in IFSC.

“Utilising the infrastructure at GIFT city to promote fintechs and strengthening the existing gold infrastructure at GIFT are a progression in the right direction,” said Dinesh Khara, chairman, State Bank of India.

Experts say this move will promote new ideas and innovations in financial technology services and products and set the stage for India’s financial technology companies to thrive and make a mark globally. 

“The availability of customized support and tools will not only expedite the processes and development but also create an environment conducive to ideas and innovations,” Kumar Abhishek, CEO, and founder, ToneTag. 

Alok Mittal, CEO, and Founder, Indifi Technologies concurred and added “Setting up of a world-class fintech hub in GIFT City is a tremendous opportunity to provide seamless linkage for Indian fintech companies to global financial ecosystems.”

 

Incentives for Digital Economy

As Covid-19 marked a significant shift to contactless, digital payments, the Budget earmarked INR 1,500 crore to further promote digital modes of payment. 

“To give a further boost to digital transactions, I earmark INR 1,500 crore for a proposed scheme that will provide financial incentive to promote a digital mode of payment,” Sitharaman said while presenting the first-ever paperless Union Budget.

The payments industry believes this scheme will support fintech players in their efforts of driving the adoption of digital modes of transactions among MSMEs and small entrepreneurs who are apprehensive about moving money digitally. 

“I believe the INR 1500 crore incentive announced will open a plethora of opportunities for Fintechs to innovate for the new normal, leading to large scale adoption even in the smallest of towns and villages,” said Harshil Mathur, co-founder, and CEO, Razorpay. 

The Budget failed to address the removal of or an alternative to zero MDR in digital payments, which was introduced in the Budget 2019, so the industry is hopeful that this scheme will help cover losses incurred by companies in the absence of MDR. 

“Hopefully, it will be used to reimburse losses suffered by payment service providers for processing RuPay debit cards and UPI transactions for free in the year 2020 as well as top up the INR 500 crore fund set up by RBI as part PIDF,” said Vishwas Patel, Chairman, Payments Council of India. UPI clocked 2.3 billion transactions in January 2021.

Mathur added, “I hope the funds will be used towards developing alternatives to zero MDR (Merchant Discount Rate) policy and initiatives towards bringing digital financial literacy in vernacular languages.”

To further incentivize digital transactions, the FM proposed an increase in tax audit limit to INR 10 crore from the current INR 5 crore for companies that opt for 95 per cent digital transactions.

Archit Gupta, CEO, and founder, Cleartax said this move will reduce the compliance burden on companies. “It (increase in tax audit limit) encourages digital payments, which reduces compliance at several levels – lesser handling of cash, faster reconciliation of books of accounts, better cash flows for businesses. This is a big relief to brands on the internet who are on a robust digital journey. No audit for turnover upto INR 10 crore will significantly ease up burden on all young startups and small businesses.”

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This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.


Surely you have ever heard that mixing love and business is not a very good option, which is not necessarily true, since the success of a business will always depend on how its owners manage it and not on their kinship.

The simple fact of starting a business is a great challenge that generates fear, and if your idea is to start with your partner, this can become an even greater challenge, which few dare to try. According to figures from the 2016 Global Entrepreneurship Monitor (GEM) Annual Report, approximately 34% of entrepreneurs are afraid of failure.
So that this does not happen to you, it is necessary that you take into account the following tips, which will be very useful when starting a business together with your partner:

1. Define objectives: before starting your business, it is important that you define the objectives you want to achieve in the short, medium and long term, as this will help you to have a guide for decision making.

2. Make a budget: it is essential that from the beginning they consider what expenses they will have month after month and that they keep an updated record of their income and expenses. To do this, I recommend you download the Monthly Budget format for free, with which you can significantly improve your business finances.

3. Establish their functions: discuss and agree on what functions they will have, the position they will carry out and the specific and general objectives. This will help them to have a better organization and avoid conflicts.

4. Separate personal finances: when they have defined what functions they will perform, it is necessary that each one has a salary assigned, since one of the worst financial mistakes they can make is to take the money that is destined for the business to pay your personal expenses.

5. Emergency fund: they must take into account that if they decide to work in the same business, all income will depend on a single source of work, so if the business stops operating, the income of both can be seriously threatened. For this reason, they must have a cash emergency fund that allows them to cover at least three months of their monthly expenses and which they only use for a true emergency.
Remember that love should not be an impediment for a business to grow and be maintained, undertaking as a couple can also bring you great benefits that improve your relationship. The only thing that must be maintained is communication and organization.

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9 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.


The million dollar question.

Jeff Bezos is one of the richest men on the planet. He founded Amazon when the internet was just born, with the vision (then apparently absurd) of creating the world’s largest “everything store”. To achieve this, he had to create a specific site, a unique algorithm, and a distribution system that is unmatched on the entire planet. Any of these steps could be, in itself, a sustainable business plan; but for him they were just parts of a much larger process, which was his vision, which has remained almost intact since his birth.

In his recent book Invent & Wonder, The Compiled Writings of Jeff Bezos , Walter Isaacson presents and shares the texts of the letters Jeff has written to his shareholders since 1999, when they were still a small, thriving company with a vision. long-term growth and a fully developed four-step system . The book also features a business biography of Bezos and his own personal management tricks.

Over the years, Jeff has had to partner with hundreds or thousands of other entrepreneurs to bring his vision to life and generate growth synergies. When Amazon.com must find strategic partners, its founder strives to personally know the founders and executives of the companies to be acquired or connected and, knowing them, asks, first of all, an important question: Is this person a mercenary or a missionary?

A mercenary is there for the money; But a missionary is there with a mission that is part of his personal reality, of his vision of life. A missionary keeps going when the going gets tough; a mercenary leaves the ship when the storm hits. A missionary has a purpose that involves others and goes beyond himself; a mercenary uses the company to achieve his own personal goals.

For a mercenary, business is an end. For a missionary, business is just a means to something much bigger.

If you came face to face with Bezos , what do you think he would see in you? And in front of your own mirror, in the job you are in today, or in the company that you have undertaken … are you a mercenary, or a missionary?

From what to why

There is a reason why companies have a four hanging in the lobby that says: Mission, Vision, Values… This reason is that companies without vision simply lack a true purpose to sustain their growth and strategy.

Unfortunately, many businesses miss the opportunity to consider a real Vision, and are left with a cliché phrase and a cheap frame. “Be the best in the region, produce this or that thing, give this or that service …”. They are vain, empty words that do little to achieve a true push.

The problem with many of the “visions” is that they are self-referential, says Simon Sinek in his book The Infinite Game . The vision that drives companies that go far is not a vision of themselves, but of the world they want to create. In another of his bestsellers, ( Start with WHY ), Sinek himself defines what he considers “the golden circle” of organizations. It starts with the WHY, continues with the HOW and ends with the WHAT.

  • The “WHY” defines the vision and purpose of a company, business or entrepreneur. It is a question that is not solved superficially, but deeply, and that shapes and directs everything we do and will do in the future. The “why” should not be an achievable goal, but an infinite goal, which always pushes us to go further. The “why” can be realized in a mission, which is the way we choose to follow our vision, according to our talents, passions and circumstances.
  • The “HOW” defines the organizational culture of our business and the part most typical of traditional management: the processes, styles, systems and communication that give cohesion to our formula. A great director can give us a “how”, but it takes a leader to have a “why.”
  • The “WHAT” is the specific object, product or service that we sell. A business that starts from the “what” will die when that “what” is no longer affordable. Blockbuster had a “what”: rent physical videos. When the world changed, Blockbuster died. They did not have a purpose that would allow them to change neither their product nor their system. Netflix , on the other hand, has changed products and systems several times, but its purpose is the same: to bring entertainment to the home of everyone. Innovative and transformative companies like Tesla, SpaceX, Apple, Netflix, Amazon, Microsoft, constantly reinvent themselves, but they never lose their initial vision.

A principle of resilience

A missionary has a “why”, a true vision, a purpose that constantly drives him to seek, solve and give much more. It also allows you to take risks that others simply would never take.

The current richest man in the world, Elon Musk, has been on the brink of bankruptcy more times than any of us. Since he was young, he dreamed of opening space to humanity, and set as his goal a goal that – even today – seems very distant, if not impossible: to take humanity to Mars. To do this, first, he needed money. After selling his first business, he found a need in the virtual world and sold everything he had to start a new business: PayPal. As you know, PayPal became a gigantic company and made Musk a millionaire; but that was not his mission, so he sold his shares in PayPal and divided the money into two parts. With one, he founded Tesla and with the other, Space X. In the first, they set about developing ultra-efficient batteries for different applications, including electric cars. They needed money, so they bet everything on one card, one car, the best ever, and Musk sold everything to launch that one car. The first was a total failure. Musk once again put in all his money to anchor the second car… which was a success. With SpaceX, the same: two or three times the entire future of the company has been on the line with a single launch, a single rocket … and Musk has played his skin again and again . He honestly can’t care less about being “the richest.” It is all part of your great mission. Are you crazy? Maybe. It is the crazy people like that who change the world.

Perhaps your company is not going to take humanity to Mars, but surely there is a secret purpose within you that drives you to do what you do, that makes you get up every morning, that makes you risk everything over and over again for a dream. . Make a lot of money? Perhaps the problem is not that you ask too much … the problem is that you ask too little.

Only a real mission will help you get up every time you fall – and believe me, you will fall more than once – and will drive you to give more and better, to prepare, to study, to seek creative solutions, to believe in the possibility of the impossible. . Once a great saint said: Dream … and you will fall short .

What are you going to hang in the lobby of your own life?

So tell me – or tell yourself honestly – are you a mercenary or a missionary? If your life were a company, what would you hang in the lobby of your own life? Are you able to write on paper what you would like to see in the world before you die? It can be the first step of a new mission and a new adventure.

The world does not require more mercenaries: people who are only there for the profit and whose life is emptier than a cracked vase. Nor do we require deluded dreamers who believe that things happen just by wanting them.

We need that unique breed of individuals who dare to dream and then take the shovel and hammer to build it: who get their hands dirty, their feet wear out, and they risk their lives for a great and necessary ideal. If making money is part of the process, learn how to do it and do it well. But listen: no one climbs Mount Everest to collect the stones on the road.

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The Boring Company, founded by Elon Musk, was in charge of the Vegas Loop project, a large underground tunnel that will streamline tourist transport in the city.


2 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


This Sunday, Elon Musk visited the Vegas Loop mega tunnel , built by his drilling company The Boring Company . With this underground tunnel , the tycoon seeks to revolutionize tourist transport , as it will take people from one end of the city to the other using Tesla vehicles .

The Vegas Loop consists of two twin one-mile (1.6-kilometer) tunnels, which form a loop. It connects the Convention Center with the Las Vegas Strip , creating an alternative, high-speed subway system. Passengers will be transported in autonomous Tesla cars and it will operate alongside public buses, taxis and the monorail. It is estimated that its cost would be between 35 and 55 million dollars.

The CEO of Tesla and SpaceX showed off the work with a photo on his Twitter account . Musk shows up in the waiting area with three of his older children, one of the rare times he shows them on social media.

 

 

The image also shows three Tesla Model 3 vehicles, in which residents and tourists they will travel under the city.

Last December, The Boring Company shared images of what the futuristic passenger entrance and exit stations will look like.

 

 

The 49-year-old billionaire said that whenever possible he will debut the mega tunnel with a themed party .

“‘Fallout’ themed housewarming party for Vegas Loop as soon as allowed!” Musk wrote on his personal Twitter , referring to a post-apocalyptic roll video game he’s a fan of. In fact, Tesla included a variant of the game, called ‘ Fallout Shelter’ , in the software update of their cars.

It is projected that with future expansions, the tunnels will reach McCarran International Airport, Allegiant Stadium, downtown Las Vegas and eventually the city of Los Angeles.



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In partnership with entrepreneurs, Nestlé ventures into the food service operation with its leading brand in condensed milk.


4 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.


Nestlé wants to sweeten the lives of Mexicans more and that is why it is committed to a new business model through its leading brand in condensed milk. With this, it supports entrepreneurs so that in society they create Kioscos La Lechera and thereby make their businesses grow.

This new concept will be operated by the business owners and they will carry the brand’s concept with a menu specially prepared with the portfolio of products that have made La Lechera tradition.

In an interview with Entrepreneur , Marcelo Citriágulo, VP of Nestlé professionals, said that this is a creation of shared value. The entrepreneurs will receive training and tips to make the best sweet recipes and offer them to their consumers.

“It is not a franchise”, clarified the manager. It is a space where food and drinks “made with La Lechera” will be sold. In this way, the brand will share its image with the entrepreneurs, who will become allies of Nestlé and who will have the responsibility of directing the operation of products and services, but with the support and expertise in terms of the dessert recipes to offer. with Nestlé products.

In this sense, a kiosk could be named after Laura Desserts made with La Lechera, Citrangulo said.

Requirements

Entrepreneurs must have a consumption center or space already established to start this great opportunity with the brand. “Nestlé will be in charge of giving the concept to the place, from the branding and operational expertise according to the offer, to the menu prepared with all the products of the portfolio we have,” Citrangulo specified.

In the Kiosk, for example, Nescafé drinks may be sold and raw material exclusivity must be available, said the interviewee.

“We are always going to support entrepreneurs. We want to support them as strategic allies and make it a success. We are going to share all the knowledge, ”he insisted.


Depositphotos.com

Internal entrepreneurship

The idea came from the Nestlé Professional team, that is, from a group of internal entrepreneurs who always seek to improve the consumer experience, explained Marcelo. “We are people who always need to think in favor of our clients and consumers; I think it was fantastic in elevating the consumer experience. “

La Lechera is an icon in Mexico, where it has been around for 85 years. Citriangle highlights that it is a brand that stands out for being the only condensed cow’s milk. In addition, it has always been characterized by innovating and seeking to be at the forefront. Proof of this are given by its developments in lactose-free, fat-free, dulce de leche or spreadable options. “Why not innovate at the kiosk now, make it an unforgettable experience and make sure they carry the best recipes?” He says.

Kioscos La Lechera began operating in Brazil, where the idea arose, now it is being replicated in Mexico. The first Kiosk was opened in San Miguel de Allende, in Guanajuato and later in Guadalajara, Jalisco last December.

With this new business model, Nestlé opens its doors so that small and medium-sized companies see them as their allies and expand their businesses.

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